Oil and natural gas company Pioneer Natural Resources has been sued for its books and records in the Delaware Court of Chancery by a pension fund alleging that the company's officers and directors breached their fiduciary duties as the company negotiated a $59.5 billion deal to be acquired by oil giant Exxon Mobil Corp.| www.law360.com
The congressman behind a bipartisan bill to broaden the cannabis industry's access to banking said on Thursday that he had a "plan B" to push the legislation through the U.S. Senate as the foundation of a compilation bill that would unite numerous pieces of incremental reform.| www.law360.com
The House Judiciary Committee approved along party lines a proposal they say will prevent "frivolous lawsuits" by barring courts from enforcing contempt citations for failure to comply with injunctions if the plaintiff has not posted a bond for litigation costs.| www.law360.com
News and analysis on legal developments including litigation filings, case settlements, verdicts, regulation, enforcement, legislation, corporate deals, and business of law.| www.law360.com
Attorneys representing noncitizens who successfully challenged the New York Field Office for Immigration and Customs Enforcement's policy of detaining virtually every noncitizen it arrested told a Manhattan federal judge that the so-called no release policy is back in place.| www.law360.com
Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.| www.law360.com
A London appeals court has allowed a group of Syrian refugees to go ahead with their lawsuit alleging that one of Qatar's largest banks allowed two businessmen to funnel money to a terrorist group.| www.law360.com
The Virginia federal judge weighing the fate of Google's display advertising placement business zeroed in Wednesday on a key aspect of the search giant's defense against a Justice Department monopolization suit — the assertion that even if company practices disadvantaged rival ad exchanges, they benefited publishers.| www.law360.com
The Second Circuit recently made clear that a worker can be qualified for an accommodation under the Americans with Disabilities Act even if they can do their job without one, aligning with its sister circuits on a nuance of discrimination protections that experts say often flies under the radar.| www.law360.com
As the Organization for Economic Cooperation and Development drafts guidelines for combating counterfeit goods, U.S. representatives must be frank about the need to hold Chinese platforms accountable for their role in counterfeiting — and specific about the changes that will be required, says Eli Clemens at the Information Technology and Innovation Foundation.| www.law360.com
Connecticut's Public Utilities Regulatory Authority on Wednesday approved the merger of debt-laden internet and telephone services provider Frontier Communications with a wholly owned subsidiary of Verizon, saying the latter has the financial and managerial stability plus the technical knowledge necessary to provide adequate and reliable service to customers.| www.law360.com
SolarWinds Corp. has asked a New York federal court to dismiss an amended suit it is facing from the U.S. Securities and Exchange Commission, saying the agency cites documents that contradict its claims against the government contractor.| www.law360.com
The U.S. Securities and Exchange Commission has doubled down on its case accusing software provider SolarWinds Corp. of failing to warn the public about the cybersecurity vulnerabilities that gave rise to a 2020 hack, providing a New York federal court with more detail about the involvement of the company's chief information security officer in the alleged cover-up.| www.law360.com
Some in the European Union have criticized U.S. enforcement of the Foreign Corrupt Practices Act for what they perceive as jurisdictional overreach, but this appears to overlook the crucial fact that jurisdiction is voluntary, and critics should focus instead on the lack of equivalent laws in their own region, say John Joy and YuTong Wang at FTI Law.| www.law360.com