Jon Brose joined Cooley as a partner in its tax practice in New York, the firm announced Thursday.

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

Paul Hastings is hiring litigation partner Roberto Gonzalez, a former Paul Weiss partner based in Washington who spent his early career in high-level government roles.

Law firms’ business model is on the brink of exploding. And everybody seems certain that the results of the AI adoption race will be closely linked to Big Law’s financial and reputational competition.

Rumors of a judicial recusal crisis in Delaware’s Chancery Court appear to have been greatly exaggerated.

Financial institutions aren’t the only companies that need to worry about insider trading anymore. The rise of prediction markets and their related risks should prompt all firms to be on the lookout—and they should institute adequate compliance protections before it’s too late, say Ballard Spahr’s David Axelrod and Grace Mezzanotte.

An Indiana federal court granted summary judgment to Barth Electric Co. Inc. on Title VII and ADA claims by a female dispatcher with asthma, finding no employer liability for harassment and that termination was due to attendance issues. Bravard v. Barth Elec. Co. Inc., 2026 BL 182606, S.D. Ind., 1:24-cv-02228-SEB-MG, 5/18/26

New York’s highest court ruled on Thursday that a state law allowing injured workers to challenge Workers’ Compensation Board decisions in court can apply to cases filed before the law was enacted.

Charles Baldis has been nominated to lead the US Office of Special Counsel, after President Donald Trump fired the last head of the OSC then saw his last nominee Paul Ingrassia withdraw from consideration amid Senate opposition.

A North Carolina federal court said it could no longer hear a minimum wage and overtime collective action after the only representative plaintiff in the case bowed out of that role.

Pension funds have flexibility to calculate the liability of withdrawing employers using methods adopted after the date set by law, the US Supreme Court held Thursday, ruling against companies that raised concerns about unpredictable and inflated bills.

A Kentucky federal district court denied the NLRB’s injunction petition against Hearthside Food Solutions for unfair labor practices during a union campaign, finding insufficient evidence of irreparable or immediate harm despite likely success on the merits. Dir. Eric A. Taylor v. Hearthside Food Sols., LLC, 2026 BL 184320, E.D. Ky., 6:26-cv-00106-GFVT, 5/18/26

Jon Brose joined Cooley as a partner in its tax practice in New York, the firm announced Thursday.

The US Justice Department on May 18 struck a deal with President Donald Trump to create a $1.77 billion legal fund to pay victims of alleged government “weaponization,” an unusual agreement that could result in millions of dollars in taxpayer money being doled out to Trump’s allies and supporters.

The Hong Kong government will introduce a bill in its legislature June 3 to implement a framework providing the automatic exchange of tax information on crypto-asset transactions with relevant jurisdictions annually.

Stellantis NV announced a major investment push focused on four core brands in a broad reset to boost profitability.

An ex-Macquarie Group Ltd. banker is facing criminal charges in a €319.7 million ($371 million) German Cum-Ex case, the first former staffer from a major international investment bank to stand trial over the tax dividend scandal.

Chancellor of the Exchequer Rachel Reeves will cut value-added tax on British summer attractions, part of a package of measures aimed at reducing the cost of living for voters amid the economic fallout of war in the Middle East.

A $4 billion federal oil and gas lease sale Wednesday in the Permian Basin in New Mexico and Texas was the largest onshore lease sale in US history in terms of revenue generated, more than quadrupling the previous record, the Interior Department said.

The Trump administration on Thursday plans to announce it will delay a planned phasedown of refrigerants as it looks for ways to cut consumers’ costs and lay blame for high prices on former President Joe Biden.

Goldman Sachs Group Inc. agreed to pay half a billion dollars to resolve investor class allegations that the banking giant misled them about its involvement in the 1Malaysia Development Berhad scandal.

Stellantis NV announced a major investment push focused on four core brands in a broad reset to boost profitability.

The Trump administration has agreed to award $1 billion to International Business Machines Corp. to build a foundry for producing quantum computing chips, part of a broad strategy to bolster US leadership in an emerging industry.

An ex-Macquarie Group Ltd. banker is facing criminal charges in a €319.7 million ($371 million) German Cum-Ex case, the first former staffer from a major international investment bank to stand trial over the tax dividend scandal.