2016-07-13

• A lawsuit stemming from the recent $2.2 billion buyout of an independent medical examination company, ExamWorks Group, claims Paul Hastings’ lawyers colluded with the company’s management and banks to sell it at a below-market price. (New York Times DealBook)

• The hundred-plus law firms who have announced Cravath-sparked pay hikes for first-year associates are participating in a “dangerous dance,” and when the music stops many firms may discover “they have a big expense but nowhere to sit.” (Forbes)

• Hillary Clinton’s lawyer, David Kendall, told a judge that the conservative advocacy group Justice Watch shouldn’t be allowed to question his client’s use of private e-mail servers because much of the information its seeking is already public. (Bloomberg News)

• A Florida-based company has filed patent infringement lawsuits against more than 150 companies in the past year, mostly over a popular e-commerce feature: the ability to click a link and track packages during shipping. (Big Law Business/Bloomberg)

• Discussing their struggles with alcoholism, lawyers pointed to the competitiveness of the legal profession, the isolation of practicing law and other factors. (Law.com)

Legal Market

• California is a challenging place to be an in-house lawyer dealing with employment law or environmental law, a new survey finds. (Corporate Counsel)

• Republican House Speaker Paul Ryan said Hillary Clinton’s bad judgement in the email scandal makes her “unfit to handle classified information.” (Washington Post)

• A lawsuit filed in Los Angeles Superior Court Tuesday, Hyperloop One, a start-up that has raised over $100 million for its work on a supersonic, tubular transportation system,  paints a grim picture of infighting at the company, particularly in its legal department. (Big Law Business)

• The trial of Sidley Austin London finance partner Matthew Cahill on tax fraud charges is scheduled for September 2017. (The Lawyer)

• Tesla Motors Inc. continued to defend the safety of its car self-driving technology, as federal safety authorities intensified a probe into a fatal crash of a Florida driver operating a car equipped with the system. (New York Times DealBook)

• Tesla faces other legal problems, as the family of the man killed in the Florida crash of his self-driving Tesla has hired a Cleveland personal injury attorney. (Law.com)

• Gawker Media LLC  founder and CEO Nick Denton will have to file for bankruptcy, as his media company has already done, unless a judge blocks litigation from former professional wrestler Hulk Hogan and his billionaire backer, PayPal co-founder Peter Thiel, Dentons lawyers said. (Wall Street Journal)

• Big Law docket scanner: DLA Piper faces a legal malpractice lawsuit in Ohio and a professional negligence suit in the United Kingdom. (Big Law Business)

• U.K. firm Ashurst is reviewing its lock-step and equity partner remuneration structure. (The Lawyer)

• Gibson Dunn & Crutcher has advised private equity company Terra Firma on its $1 billion sale of Europe’s largest cinema group Odeon and UCI Group to U.S. chain AMC Theatres, in a deal that would make AMC the world’s biggest movie theater operator. (The Lawyer)

• Opera Software ASA, an Oslo-based maker of browsers for mobile devices and PCs, said Chinese buyers’ attempted $1 billion acquisition of Opera may not get government approval before this week’s deadline. The buyer group hired law firm Covington & Burling LLP and Opera hired Weil, Gotshal & Manges LLP to help the deal pass reviews. (Bloomberg Technology)

• The U.S. Justice Department said Tuesday that activist investment firm ValueAct Capital Master Fund agreed to pay a record $11 million penalty to resolve charges linked to Halliburton Co.’s dropped effort to buy rival oilfield-services provider Baker Hughes Inc. (National Law Journal)

SCOTUS and other courts

• Facing criticism for her recent attacks on Donald Trump, U.S. Supreme Court Justice Ruth Bader Ginsburg went a step further Tuesday, calling the presumed Republican presidential nominee “a faker.” (WSJ Law Blog)

Laterals and Moves

• The U.K.’s vote to leave the European Union has created a once-in-a-lifetime opportunity for lawyers, consultants and others with experience as trade negotiators. (Bloomberg News)

• Barnes & Thornburg has hired a prominent sports lawyer as partner for its litigation and entertainment groups in Minneapolis-St. Paul, weeks after losing another well-known sports lawyer from its Atlanta office. (American Lawyer)

•  Florida-based Greenspoon Marder has hired eight attorneys in Manhattan from a matrimonial boutique, a few months after opening its New York office. (New York Law Journal)

• Covington & Burling has picked up King & Wood Mallesons disputes partner Greg Lascelles for its London office. (The Lawyer)

Technology

• Financial technology representatives testifying to Congress Tuesday expressed wariness over new regulations under consideration for the fast-growing online lending sector. (The Recorder)

• A California federal court ruled Tuesday that a defunct social-media hub, Power.com, violated the Computer Fraud and Abuse Act by taking data from Facebook users’ profiles, although it had received a cease-and-desist letter from the social-media giant. It was the court’s second ruling in two weeks involving the controversial federal anti-hacking statute. (The Recorder)

• A lawsuit filed Monday against Facebook Inc. in a Manhattan court on behalf of terrorism victims in Israel illustrates some of the complications of going to court to remedy violent radicalism. Fortunately, there’s a better, technological, way to block terrorists from using social media. (Big Law Business/Bloomberg Law)

• Artificial intelligence offers immense potential benefits for the legal profession and the public, but a current “regulatory void” for the technology poses significant risks. A regulatory scheme is needed to address uncertainty for both the legal profession and the AI legal technology industry itself, argues a law firm partner on the ABA’s committee on ethics. (Big Law Business)

• Nintendo’s popular new game Pokemon Go is raising serious privacy and legal issues, especially regarding children. Video. (Bloomberg)

Miscellaneous

• State attorneys general from New York and Massachusetts are balking at efforts by a GOP-controlled congressional committee to probe their climate change investigations, citing the U.S. Constitution’s limits on federal powers. (WSJ Law Blog)

• A federal judge Tuesday rejected a challenge linked to the 2012 recess appointment of Richard Cordray as head of the Consumer Financial Protection Bureau, ruling that Cordray’s August 2013 notice effectively ratified decisions he made during his tenure as acting director until the Senate formally confirmed him in July 2013. (National Law Journal)

• A former Barclays Plc director faces prison time after pleading guilty to passing information to a plumber friend about expected merger deals in exchange for cash. (Bloomberg News)

• Two former Barclays traders face a February retrial in London on charges that they schemed to manipulate the Libor benchmark interest rate, after a jury failed to reach a verdict on the charges this month. (New York Times DealBook)

• Several mixed martial arts fighters suing for a bigger share of the purse of Ultimate Fighting Championship say the $4 billion sale of UFC may give them some punch. (Big Law Business/Bloomberg Law)

• An anonymous donor is challenging Donald Trump to release his tax returns, promising to donate $5 million to a veterans’ charity of  Trump’s choice if the presumed Republican presidential nominee does so, despite his arguments that he is unable to because he under IRS audit. (Politico)

Compiled by Rick Mitchell and edited by Gabe Friedman.

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