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Skip to content Bloomberg the Company & Its ProductsBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Terminal Demo Request * BLOOMBERG Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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FOR HEALTH CHIEF EXCITES ‘BULLISH’ MASS TORT LAWYERS More Coverage TRUMP’S PICK FOR FDA TO TEST ‘DUE DILIGENCE’ OF AGENCY’S SCIENCE Exclusive TRUMP PICK DUFFY DIPPED INTO OLD CAMPAIGN CASH TO PAY RITZ TABS Former Rep. Sean Duffy (R-Wis.), President-elect Donald Trump’s pick for Transportation secretary, has drawn on his old campaign funds to pay thousands of dollars at vendors such as the Ritz-Carlton, raising questions from campaign finance lawyers and ethics watchdogs about potential concerns over personal use restrictions. DOJ MOVES TO DROP TRUMP PROSECUTIONS IN WASHINGTON, FLORIDA JUSTICES SEEN AVOIDING CHANCE TO STRIKE NEW BLOW TO AGENCY CLOUT BUDGET PICK SHOWS TRUMP’S SERIOUS ABOUT FIRING CIVIL SERVANTS THE ONION’S TAKEOVER OF ALEX JONES’ INFOWARS FROZEN UNTIL HEARING WALL STREET TOP COP TO RESIGN AFTER 3 YEARS AS TRUMP RETURNS Manhattan US Attorney Damian Williams will resign on Dec. 13 after a three-year reign, as the leadership of the office known as the sheriff of Wall Street transitions to Donald Trump’s new administration. DRAKE SAYS SPOTIFY, UMG INFLATED STREAMS FOR KENDRICK’S SONG MENENDEZ BROTHERS RESENTENCING DELAYED FOR NEW DISTRICT ATTORNEY DELAWARE CHANCERY NOMINEE NAMED AMID INTENSE COURT SCRUTINY HIGH COURT CREATES LITIGATION OPENINGS FOR REGULATION CHALLENGES PRACTITIONER INSIGHTS View More Insights GCS’ LOPER BRIGHT NEXT STEPS INCLUDE TAPPING GOVERNMENT AFFAIRS Alissa Lugo Gartner IN-HOUSE COUNSEL MUST GUIDE C-SUITE APPROACH POST-LOPER BRIGHT Amy Chai Association of Corporate Counsel IRS EMAIL SHOWS IMPORTANCE OF DOCUMENTING PARTNERSHIP LOANS Brett Bissonnette Plante Moran MORE LITIGATION COVERAGE FROM BLOOMBERG LAW META BEATS IMMUNITY SUIT FROM MAKER OF FACEBOOK ‘UNFOLLOW’ TOOL The internet scholar who is developing a browser extension that would effectively turn off Facebook users’ newsfeeds lost his bid to have legal immunity from a future lawsuit by Meta Platforms Inc. if he releases it. META BEATS IMMUNITY SUIT FROM MAKER OF FACEBOOK ‘UNFOLLOW’ TOOL The internet scholar who is developing a browser extension that would effectively turn off Facebook users’ newsfeeds lost his bid to have legal immunity from a future lawsuit by Meta Platforms Inc. if he releases it. NJ JUDGES CAN RULE ON LAWS THEY AUTHORED AS LEGISLATORS UBER’S ARBITRATION REQUIREMENTS UPHELD BY NY’S HIGHEST COURT SAMSUNG, TECHIYA SETTLE ‘UNCLEAN HANDS’ PATENT DISPUTE IN TEXAS RED CROSS DONORS SUE FOR MILLIONS OF DOLLARS IN HAITI RELIEF TEXAS TWO-STEP: JONES DAY'S TACTIC TO EVADE MASS TORT LIABILITY THROUGH BANKRUPTCY Through the legal tactic, known as the Texas Two-Step, corporations have been able to use bankruptcy to avoid mass tort liability. In this video we look at how it works, the reasons why plaintiffs' attorneys hate it, the reasons that companies and their lawyers use it, and how courts have ruled on it so far. PODCASTS View All Podcasts FROM ERRORS TO EFFICIENCY: CAN AI TRANSFORM THE PRACTICE OF LAW? HOW QUINN EMANUEL LAWYERS SAVE 50 BILLABLE HOURS WITH ONE CLICK HIGH COURT VAPING CASE TESTS FDA'S REGULATORY POWERS WHAT GOP ELECTION WINS COULD MEAN FOR TRUMP TAX CUTS COLUMNS + COMMENTARY * Roy Strom Big Law Business DON'T BLAME INFLATION FOR BIG LAW’S RECORD HIGH BILLING RATES * David Lat Exclusive Jurisdiction BECOMING A CHANGEMAKER REQUIRES PATIENCE, PLANNING—AND COURAGE * Andrew Leahey Technically Speaking GETTING RID OF DARK MONEY REQUIRES A NEW TAX-EXEMPT DESIGNATION * Rob Chesnut Good Counsel GCS' BEST POLICIES ARE THOSE THAT CAN'T BE BROKEN—JUST ASK META Special Report INTRODUCING OUR 2024 PRO BONO INNOVATORS In our 2024 edition of Pro Bono Innovators, we highlight 10 law firms for their impactful work on legal matters from across the globe. By Lisa Helem A STAR BANKRUPTCY JUDGE’S DOWNFALL: BLOOMBERG LAW INVESTIGATION SEX, SECRETS TRIGGER DOWNFALL OF STAR TEXAS BANKRUPTCY JUDGE After helping to transform Houston’s bankruptcy court from a backwater to a boomtown, Judge David R. Jones resigned in 2023 following the disclosure of his long-running romantic relationship with a local bankruptcy lawyer. As the revelations mount, the inner workings and casual approach to potential ethical conflicts of a highly productive and tight-knit legal community have begun to surface. SEX, SECRETS TRIGGER DOWNFALL OF STAR TEXAS BANKRUPTCY JUDGE After helping to transform Houston’s bankruptcy court from a backwater to a boomtown, Judge David R. Jones resigned in 2023 following the disclosure of his long-running romantic relationship with a local bankruptcy lawyer. As the revelations mount, the inner workings and casual approach to potential ethical conflicts of a highly productive and tight-knit legal community have begun to surface. HOW FOUR JUDGES KEPT ROMANCE ALLEGATIONS QUIET FOR TWO YEARS JACKSON WALKER WINS BID TO QUESTION GOVERNMENT BANKRUPTCY LAWYER JACKSON WALKER BANKRUPTCY COURT FEE TRIALS TO START IN APRIL JACKSON WALKER LAWYER TEXTS REVEAL ANGER OVER JUDGE ROMANCE FROM ACROSS BLOOMBERG LAW Business & PracticeDaily Labor Report®Daily Tax Report ®Environmental, Social & Governance (ESG) * Business & Practice * Daily Labor Report® * Daily Tax Report ® * Environmental, Social & Governance (ESG) ROPES & GRAY MOVING ON UP IN NYC AMID RISE IN LAW OFFICE LEASING Boston-founded firm Ropes & Gray is expanding its footprint in the Big Apple, the firm announced Monday. MENENDEZ BROTHERS RESENTENCING DELAYED FOR NEW DISTRICT ATTORNEY A Los Angeles judge pushed the Menendez brothers’ resentencing hearing to January to give the county’s new District Attorney time to weigh in on the case. AMBER HEARD LOSES TO INSURER IN JOHNNY DEPP DEFAMATION APPEAL Amber Heard lost her appeal in a case claiming the insurer that paid part of her defense costs in the defamation suit brought by her ex-husband, Johnny Depp, breached its duty to defend her. CORPORATE LEGAL OPS CONSORTIUM NAMES SNELL EXECUTIVE DIRECTOR Oyango Snell was named the executive director of the Corporate Legal Operations Consortium, the organization announced Monday. GIBSON DUNN SUED FOR DITCHING CRYPTO CLIENT AFTER BERKE HIRE (1) A crypto company is suing law firm Gibson Dunn & Crutcher for allegedly seeking to drop it as a client in favor of digital assets giant Tether. DLA PIPER ADDS SANDRA ESQUIVA-HESSE AS RESTRUCTURING PARTNER Sandra Esquiva-Hesse joined DLA Piper as a partner in its global restructuring practice in Paris, the firm announced Monday. DAN SCHNEIDER'S 'QUIET ON SET' DEFAMATION SUIT SURVIVES HURDLE TV producer Dan Schneider’s defamation lawsuit over “Quiet on Set"— a docu-series about child abuse on television shows he produced—survived an initial motion by Warner Bros. Discovery Inc. to strike the claims. FIFTH CIRCUIT BLESSES LABOR BOARD RULING AGAINST LOGISTICS FIRM The National Labor Relations Board had sufficient evidence to rule that a third-party logistics company illegally fired a worker, a divided federal appeals court ruled. BLACK EMPLOYEE SUES COMPANY AFTER DENIAL OF TUITION BENEFIT Health Care Service Corporation is facing a new lawsuit in federal court from an employee alleging race discrimination, hostile work environment, and retaliation in violation of Title VII and 42 U.S.C. §1981. STARBUCKS USING PEN AND PAPER TO TRACK PAY AFTER VENDOR HACK (1) Starbucks Corp. said a ransomware attack at a third-party software supplier has disrupted its system for tracking employee schedules, forcing the coffee giant to manually tally workers’ hours and pay. NYU WORKER CLAIMS ARE NARROWED IN RETIREMENT PLAN LAWSUIT New York University workers suing over alleged retirement fund breaches had their claims tapered after a federal judge ruled some of their allegations had already been settled in court. CASE: INDIVIDUAL EMPLOYMENT RIGHTS/WHISTLEBLOWING (FLA. DIST. CT. APP.) A Florida court of appeal affirms a state court’s final summary judgment order for Southern Company and Gulf Power Company on a ten-year welder mechanic’s state Whistleblower’s Act claim alleging retaliation for raising safety concerns and objecting to practices he thought were illegal. Gessner v. S. Co., 2024 BL 420801, Fla. Dist. Ct. App., 1st Dist., 1D2023-2297, 11/20/24 STARMER RISKS ROW OVER BACK-TO-WORK PLAN AS FIRMS WARN OF CUTS Keir Starmer risks another battle over his Labour government’s controversial first budget, as the UK prime minister sets out his plan to reduce welfare spending by getting more people into work — at the same time as companies are warning of job cuts due to higher taxes. VANGUARD $40 MILLION CAPITAL GAINS TAX CLASS DEAL GETS FIRST NOD A judge gave preliminary approval to The Vanguard Group Inc.'s proposed settlement with investors in a mutual fund who were hit with unexpected and allegedly avoidable capital gains taxes because of a company move that impacted their accounts. BUDGET PICK SHOWS TRUMP'S SERIOUS ABOUT FIRING CIVIL SERVANTS Russell Vought, President-elect Donald Trump‘s choice for budget director, is poised to use his deep expertise on the inner workings of government to fire federal employees that disagree with his boss. AUSTRALIAN BUDGET BLOW OUT SEEN AS STRUCTURAL DEFICIT HITS (1) Australia’s budget deficit is likely to swell beyond forecasts, in a reversal of previous years when massive revenue upgrades from high iron ore prices ended up returning the books to the black, according to Deloitte Access Economics. TESLA EXCLUDED FROM EV BUYER CREDITS IN CALIFORNIA PROPOSAL (2) Tesla Inc.’s electric vehicles would be shut out from consumer rebates under a proposal by California Governor Gavin Newsom, pitting the prospective Democratic presidential hopeful against Republican power player Elon Musk. IRS GIVES TAXPAYERS MORE TIME TO IMPROVE RESEARCH CREDIT CLAIMS The IRS is again extending a transition period for taxpayers to perfect research credit claims, the agency said Monday. WALMART CUTS DEI PROGRAMS IN HIGHEST-PROFILE COMPANY RETREAT (1) Walmart Inc. is reversing course on diversity, equity and inclusion initiatives, joining a growing list of businesses retreating on DEI programs targeted by conservative activists. EX-WAMCO CIO KEN LEECH CHARGED OVER TRADE ALLOCATION SCHEME (2) Ken Leech, the former co-chief investment officer for Western Asset Management Co., was accused by US authorities on Monday of improperly allocating trades to favored clients in a dramatic turn for the once-star trader. STARBUCKS USING PEN AND PAPER TO TRACK PAY AFTER VENDOR HACK (1) Starbucks Corp. said a ransomware attack at a third-party software supplier has disrupted its system for tracking employee schedules, forcing the coffee giant to manually tally workers’ hours and pay. ZETA HIT WITH SECURITIES SUIT OVER GROWTH FROM 'CONSENT FARMS' Marketing-services provider Zeta Global Holdings Corp. issued misleading statements about its operations and business prospects and failed to disclose that most of its growth was driven by its use of predatory “consent farms” to collect user data, a proposed federal class action said. TESLA EXCLUDED FROM EV BUYER CREDITS IN CALIFORNIA PROPOSAL (2) Tesla Inc.’s electric vehicles would be shut out from consumer rebates under a proposal by California Governor Gavin Newsom, pitting the prospective Democratic presidential hopeful against Republican power player Elon Musk. CARREFOUR’S MEAT PLEDGE DRAWS IRE FROM BRAZIL LAWMAKERS (1) French grocer Carrefour SA’s decision to not sell any meat in the country produced by the South America trading bloc known as Mercosur is drawing the ire of government officials in Brazil. 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