Legal Resources

The Internal Revenue Service correctly disallowed over $170 million in qualified dividend deductions and over $25 million in foreign tax credits to a trading firm in 2012, the U.S. Tax Court held Thursday, finding its transactions failed an anti-abuse rule.

A California federal judge clarified Thursday that Nexstar executives and other affiliated personnel cannot serve as Tegna directors under a temporary injunction blocking the broadcast giants' $6.2 billion merger, while admonishing the companies for not disclosing the appointment of three Nexstar officials to Tegna's board.

A New York federal judge has tossed a putative class action accusing magazine publisher DotDash Meredith Inc. and its artificial intelligence-powered marketing partner of illegally deploying digital tracking tools that intercepted consumers' personal data, finding that the plaintiffs hadn't alleged a sufficiently concrete injury. 

A Washington appeals panel Thursday revived Union Pacific Railroad Co.'s insurance claims around environmental liability at four sites in Washington and Oregon, ruling that the locations fell outside the scope of the railroad's decades-old settlement agreements with U.S. Fire Insurance Co.

Jury selection is expected to begin in the case Aug. 13 in the Northern District of Illinois with opening arguments to follow Aug. 17. Currently, 825 cases over the claims are pending in the U.S. District Court for the Northern District of Illinois.     

The U.S. Department of Justice's Claudia Burke suggested the trade court waive its filing fees in an attempt to steer the judge away from certifying a class of the thousands of importers that are owed approximately $14 billion in duty refunds—and which, in the government's view, must sue for reimbursement.     

A Manhattan federal judge kept Bayer's Xarelto royalty suit against Johnson & Johnson alive, ruling that a lost-profits clause may not block damages tied to the heart of the companies' licensing deal.     

The Second Circuit rejected a first-of-its-kind measure requiring restaurant delivery apps to share customer data with restaurants, saying the measure violated the apps' First Amendment protections against forced speech.     

The group lateral might be a comparatively blunt instrument, but it offers advantages—and can spell disruption for firms on either end of a talent transfer      

Hiring a group of five long-time Kirkland private investment and family office partners, Simpson said it will open in Chicago.      

A growing number of law firms are embracing partnerships with Big Tech and legal tech companies, with one recent example being Willkie's new collaboration with OpenAI.      

Michael Adler arrives at Akerman as the firm continues to place a heavy emphasis on generative artificial intelligence, both internally and as a service offering to clients.