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The U.S. Department of Justice has avoided a possible courtroom defeat by= accepting a consent decree clearing Assa Abloy's proposed $4.3 billion pic= kup of Spectrum Brands' hardware and home improvement business, but the set= tlement could weaken the agency's hard-line stance against merger clearance= deals.

Construction

WEDNESDA= Y, MAY 10, 2023

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TOP NEWS

Analysis

Does DOJ's Assa Abloy Deal Encourage More Fix-It First= ?

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By Bryan Koenig

The U.S. Department of Justice has= avoided a possible courtroom defeat by accepting a consent decree clearing= Assa Abloy's proposed $4.3 billion pickup of Spectrum Brands' hardware and= home improvement business, but the settlement could weaken the agency's ha= rd-line stance against merger clearance deals.

Read full article » | Save to favorites »

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Feds Lose Bid To Rethink Bay Area Casino Ruling =09

By Elliot Weld

A District of Columbia federal jud= ge has denied a bid from federal prosecutors asking her to reconsider a rul= ing that ordered them to take another look at a plan to build a tribe-owned= casino near San Francisco.

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Ga. Concrete Co. Fights For Particulars In Antitrust C= ase

=09

By Rosie Manins

A Georgia concrete company has urg= ed a federal court to overturn a magistrate judge's denial of its attempt t= o get more information from "vague" prosecutors about an alleged six-year a= ntitrust scheme, saying it can't properly prepare a trial defense without d= etails of its alleged involvement.

=20 3 documents attached |=20 Read full article » | Save to favorites »


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Insurer Drops Suit Against US Open Stadium Roof Contra= ctor

=09

By Jade Martinez-Pogue

A suit between an insurer and the = construction manager for Arthur Ashe Stadium's retractable roof has been se= ttled five months after the insurer brought an action against the company a= lleging it could not cover the construction manager for an underl= ying claim over increased costs.

=20 Settlement attached |=20 Read full article » | Save to favorites »

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Ex-NYC Contractor Gets 2 Years For Evading $4.4M In Ta= xes

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By Anna Scott Farrell

The former owner of a New York Cit= y construction firm who admitted he failed to pay more than $4.4 million in= payroll taxes has been sentenced to two years in federal prison, the U.S. = Department of Justice announced Tuesday.

=20 2 documents attached |=20 Read full article » | Save to favorites »

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LEGAL INDUSTRY

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Dechert Cuts 5% Of Global Workforce As Demand Falls

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By Xiumei Dong

Dechert LLP confirmed to Law360 on= Tuesday that it has cut 55 attorneys and 43 professional staff member= s across various offices worldwide, becoming the latest law firm to reduce = the workforce amid changing demand for legal services.

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Proskauer's Ex-COO Now Accused Of Plotting To Poach St= aff

=09

By Lauren Berg

Not only did former Proskauer Rose= LLP Chief Operating Officer Jonathan O'Brien abscond with trade secrets fr= om the firm before departing last December, but he also hatched a plot to i= nduce other key executives to leave with him, according to an amended compl= aint the firm filed in Manhattan federal court.

=20 1 document attached |=20 Read full article » | Save to favorites »

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Biz Groups Again Push For Litigation Funding Disclosur= e Rule

=09

By Hailey Konnath

The U.S. Chamber of Commerce and d= ozens of other business and legal associations on Monday re-upped their pus= h for the mandatory disclosure of third-party litigation funders, arguing t= hat the growing pervasiveness of litigation funders and the recent high-pro= file dispute involving Sysco and its funder warrant the requirement.

=20 Letter attached |=20 Read full article » | Save to favorites »

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Feinstein Returning To Washington After Extended Absen= ce

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By James Arkin

Sen. Dianne Feinstein, D-Calif., w= ill return to the Senate this week, her spokesperson confirmed Tuesday, end= ing an extended absence that left Democrats down a vote in the Senate and w= ithout a functional majority on the Judiciary Committee.

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Thomas Associate Rebuffs Info Demand But Dems Press On=

=09

By James Arkin

Democrats on the Senate Judiciary = Committee have continued pressing Harlan Crow for detailed information on g= ifts, transportation and lodging provided to U.S. Supreme Court Justice Cla= rence Thomas over the years even as Crow's attorney rebuffed a separate Sen= ate inquiry into the real estate magnate's relationship with the justice.

=20 5 documents attached |=20 Read full article » | Save to favorites »

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FDA's 'Radical' Abortion Pill Stance Fails, 5th Circ. = Told

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By Hannah Albarazi

Anti-abortion groups challenging t= he U.S. Food and Drug Administration's approval of mifepristone in 2000 sla= mmed the agency's allegedly "decades-long pattern of delay and obfuscation"= and urged the Fifth Circuit to uphold a Texas ruling that would have block= ed access to the common abortifacient last month had the U.S. Supreme Court= not intervened.

=20 Brief attached |=20 Read full article » | Save to favorites »

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Biden Nominates Paramount Exec As IP Enforcement Czar<= /a>

=09

By Ryan Davis

President Joe Biden has nominated = Paramount Global executive Deborah Robinson to be the nation's next intelle= ctual property enforcement coordinator, aiming to fill a post that has been= vacant for more than two years and drawing praise from Hollywood, software= and publishing groups.

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Victories Hone DOJ Playbook For Crypto Trading Crackdo= wn

=09

By Aislinn Keely

The U.S. Department of Justice has= notched two wins against illegal trading in cryptocurrency markets, creati= ng what experts say is a legal playbook prosecutors will likely continue to= draw on in similar cases.

Read full article » | Save to favorites »

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GE's Former China GC To Lead Covington In Shanghai=

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By Emily Sawicki

Covington & Burling LLP's Shan= ghai office is now being led by a managing partner with 13 years of in-hous= e experience for General Electric, where she most recently served as genera= l counsel in China, and years of expertise gained in private practice in bo= th the United States and China.

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MSG Loses Bid To Avoid Doc Production In Atty Ban Prob= e

=09

By Rose Krebs

A New York judge has denied a Madi= son Square Garden Entertainment Corp. attorney's request to rethink a decis= ion requiring that certain documents be turned over to the state liquor aut= hority as the agency reviews a policy that bars attorneys at firms engaged = in litigation against the company from entering its venues.

=20 2 documents attached |=20 Read full article » | Save to favorites »

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CKR Law Must Pay $175K Counsel Fee In NJ Noncompete Ti= ff

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By George Woolston

CKR Law LLP must pay a $175,800 co= unsel fee award to an information technology consulting firm despite not be= ing a party to the noncompete contract the company sued to enforce, a New J= ersey panel ruled in a published opinion Tuesday.

=20 2 documents attached |=20 Read full article » | Save to favorites »

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<= img src=3D"https://sli.law360news.com/imp?s=3D734819&li=3D201&m=3Dd120cdb40= 65a859edc70326799a21fe8&p=3D193779" border=3D"0" width=3D"100%" style=3D"wi= dth: 100%; max-width:300px !important;margin-bottom:0;"/>

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COMPA= NIES IN TODAY'S NEWS

AXA XL Ltd.

Alliance Defending Freedom

Assa Abloy AB

Association of American Publi= shers

Burford Capital LLC

Coinbase Global Inc.

Entertainment Software Associ= ation

Fortune Brands Home & Secur= ity Inc.

GE Healthcare Systems

Georgetown University

Internation= al Alliance of Theatrical Stage Employees

International Assoc= iation of Defense Counsel

Madison Square Garden E= ntertainment Corp.

Motion Picture Association Inc.

National Asso= ciation of Mutual Insurance Companies

New York State Bar Association

New York University

Paramount Global

Pharmaceutical = Research & Manufacturers of America

Recording Industry= Association of America Inc.

Spectrum Brands Inc.

Sysco Corp.

Twitter Inc.

U.S. Chamber of Commerce

United States Tennis Asso= ciation Inc.


<= img src=3D"https://sli.law360news.com/imp?s=3D734824&li=3D201&m=3Dd120cdb40= 65a859edc70326799a21fe8&p=3D193779" border=3D"0"/>

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LAW = FIRMS IN TODAY'S NEWS

Cadwalader Wickersham

Covington & Burling

Debevoise & Plimpton

Dechert LLP

Donnie Dixon Attorney at Law

GOVE= RNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Federal Trade Commission

Food and Drug Administration

Internal Revenue Service

New York Attorney General'= s Office

New York State Liquor Authority

U.S. A= ttorney's Office for the Southern District of Georgia

U.S= . Attorney's Office for the Southern District of New York

U.S. Department of Justice

U.S. Department of the Interior

U.S. District Cou= rt for the District of Columbia

U.S. Dist= rict Court for the Eastern District of New York

U.S. Dis= trict Court for the Southern District of New York

U.S. Securities and Excha= nge Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the Southern District of Georgia

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