Okta Inc. investors have asked a California federal judge to give the first OK to a $60 million settlement reached in a suit alleging the software company misled the certified class about a 2022 cyberattack.
Law360
North Carolina
THURSDAY, JUNE 13, 2024 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Okta, Investors Reach $60M Deal In Cyberattack Coverup Suit

By Katryna Perera

Okta Inc. investors have asked a California federal judge to give the first OK to a $60 million settlement reached in a suit alleging the software company misled the certified class about a 2022 cyberattack.

Motion attached | Read full article » | Save to favorites »

FTC Asks 4th Circ. To Pause Novant Hospital Purchase

By Matthew Perlman

The Federal Trade Commission has asked the Fourth Circuit to pause Novant Health's purchase of a North Carolina hospital while enforcers appeal an order from the lower court that refused to put the deal on hold for the commission's in-house merger challenge.

Motion attached | Read full article » | Save to favorites »

Analysis

'83 Wolfpack Suit May Throw NIL Peace For A Loop

By David Steele

As the NCAA cheered a settlement aimed at marshaling payments to athletes for their names, images and likenesses last week, experts say a new suit from one of college basketball's most historic teams illustrates the shortcomings of a hasty effort to right past wrongs.

Read full article » | Save to favorites »

ENFORCEMENT

'Tiger-Wolf' Trader Cops To Wire Fraud For $700K Scheme

By Emilie Ruscoe

A 26-year-old Charlotte man on Wednesday pled guilty to federal prosecutors' claims that he defrauded over 100 would-be investors in his purported hedge fund, Tiger-Wolf Capital LLC, spending much of their money on his own lavish lifestyle.

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

St. Louis Atty Urges Acquittal After Tax Avoidance Conviction

By Hayley Fowler

A Missouri attorney who was found guilty of participating in a $4 million tax avoidance scheme alongside her father and a North Carolina insurance agent is looking to wipe out the verdict, arguing there wasn't enough evidence to convict.

Motion attached | Read full article » | Save to favorites »

Atty Fights For Reinstatement In NC After Conviction

By Travis Bland

Disbarred attorney Gregory Bartko pressed the North Carolina Supreme Court on Wednesday to give him a shot at reinstatement, arguing that his 2010 conviction for fraud and money laundering doesn't allow the state bar organization to outright reject his request for being licensed again.

Response attached | Read full article » | Save to favorites »

POLICY & REGULATION

Tillis Told Drug Patents Are Too Complex For Easy Answers

By Dani Kass

When and how generic drugs enter the marketplace varies widely among different drugs and isn't necessarily related to how many patents are covering those drugs, the U.S. Patent and Trademark Office said Wednesday in a report requested by a top member of the U.S. Senate's Intellectual Property Subcommittee.

Study attached | Read full article » | Save to favorites »

BANKRUPTCY

Pool Co. Hits Ch. 11 After 'Crippling' $16M False Ads Verdict

By Hayley Fowler

The American arm of a Chinese swimming pool products manufacturer has declared bankruptcy after it was slapped with a $16 million false advertising and unfair business practices judgment in North Carolina that the company previously warned would put it out of business.

4 documents attached | Read full article » | Save to favorites »

EXPERT ANALYSIS

Litigation Inspiration: Attys Can Be Heroic Like Olympians

Although litigation won’t earn anyone an Olympic medal in Paris this summer, it can be worthy of the same lasting honor if attorneys exercise focused restraint — seeking both their clients’ interests and those of the court — instead of merely pursuing every advantage short of sanctionable conduct, says Bennett Rawicki at Hilgers Graben.

Read full article » | Save to favorites »

LEGAL INDUSTRY

Analysis

How 3 Firms Cleared 2 Ex-Autonomy Execs In HP Fraud Case

By Bonnie Eslinger

A California federal jury's rejection last week of fraud charges against the founder and former finance vice president of British software company Autonomy validated an approach by the defendants' three law firms — Steptoe, Clifford Chance and Bird Marella — to form a "seamless" collaboration throughout the trial, from jury selection to closing arguments.

Read full article » | Save to favorites »

Senate Panel OKs Fix For Federal Courts' 'Genuine Crisis'

By Courtney Bublé

The Senate Judiciary Committee voted out unanimously on Thursday a bipartisan bill to create 66 new and temporary judgeships to alleviate the federal courts' workload.

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

Contentious Del. Corporate Law Changes Sail Through Senate

By Jeff Montgomery

A multi-part Delaware general corporation law amendment that would let boards cede some governance rights to big stockholders and has triggering rare public dissent, whisked through the state's Senate Thursday without debate or an opposing vote, with a House vote expected as early as next week.

Read full article » | Save to favorites »

Confronting The Psychological Toll Of Personal Injury Law

Personal injury lawyers advocate for clients who have experienced trauma, loss and life-altering injuries, but these cases can have an emotional impact on attorneys themselves — so it is crucial to address these challenges proactively and openly, and normalize the conversation around mental health in the legal profession, says Lisa Lanier at Lanier Law Group.

Read full article » | Save to favorites »

Series

Playing Chess Makes Me A Better Lawyer

There are many ways that chess skills translate directly into lawyer skills, but for me, the bigger career lessons go beyond the direct parallels — playing chess has shown me the value of seeing gradual improvement in and focusing deep concentration on a nonwork endeavor, says attorney Steven Fink.

Read full article » | Save to favorites »

Promo that reads Law360 Pulse Summer Associates Survey Promo that reads Law360 400

LAW FIRMS IN TODAY'S NEWS

Adamski Moroski

Bird Marella

Clifford Chance

Crowell & Moring

Gibson Dunn

Green LLP

Hilgers Graben

Labaton Keller

Lanier Law Group

Law Office of Steven J. Fink PLLC

Margulis Gelfand

McCarter & English

Parker Poe

Rayburn Cooper

Robinson Bradshaw

Shumaker Loop

Stackhouse Law

Steptoe LLP

Williams & Connolly

Womble Bond

COMPANIES IN TODAY'S NEWS

Airbnb Inc.

Amazon.com Inc.

Delaware State Bar Association

Deloitte Touche Tohmatsu Ltd.

Fordham University

I-MAK

Moelis & Co.

National Collegiate Athletic Association

North Carolina State Bar

Novant Health Inc.

Okta Inc.

Pew Research Center

Total Quality Logistics Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Federal Trade Commission

Food and Drug Administration

Internal Revenue Service

Judicial Conference of the United States

North Carolina Department of State Treasurer

U.S. Attorney's Office for the Northern District of California

U.S. Attorney's Office for the Western District of North Carolina

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Justice

U.S. District Court for the Eastern District of New York

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Illinois

U.S. Government Accountability Office

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

United States Bankruptcy Court for the Western District of North Carolina

United States District Court for the Southern District of Ohio