The Delaware Supreme Court upheld the constitutionality of an overhaul of state law that governs most major US corporations and was fueled by Elon Musk, handing a win to company founders, insiders and private equity owners who sought less restrictive business rules.

Ballard Spahr LLP lost its appeal to collect nearly $237,000 in legal fees for work it did for a managing member of a once-bankrupt investment fund.

Several issues came up during the trial of Tom Goldstein that could be fodder for a successful appeal, according to Bloomberg Law reporter Holly Barker. Barker covered the trial of the disgraced SCOTUSblog founder and she joins our podcast, On The Merits, to talk about why the jury split its verdict and about how Goldstein’s famous propensity for risk taking influenced his defense strategy.

Wisner Baum, the mass torts firm that filed a legal challenge to California’s restrictions on legal fee-sharing with out-of-state firms owned by non-lawyers, dropped the suit three months into the case.

The federal prosecution of Tom Goldstein on tax fraud charges was never going to be a routine case. But strip away the celebrity witnesses, the tens of millions in poker chips won and lost, and the movie studios circling the story, and the case turned on something far more prosaic: Intent.

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

A Virginia federal district court denied Transdev’s motion to enforce settlement agreement in an age and disability discrimination and retaliation case, finding that the parties had only reached an “agreement in principle” lacking mutual assent to all material terms. Snyder v. Transdev Servs., Inc., 2026 BL 63439, E.D. Va., 1:25-cv-00273 (RDA/LRV), 2/25/26

Labor Department attorneys should refrain from pursuing legal enforcement in unionized workplaces, Labor Solicitor Jonathan Berry said in an internal memo reviewed by Bloomberg Law.

Tennessee’s law prohibiting prescription drug manufacturers from imposing limits on pharmacies participating in the 340B drug discount program doesn’t violate federal law or the US Constitution, a federal judge in Tennessee ruled.

A California appellate court affirmed summary judgment for the city of Los Angeles on a female deputy city attorney’s gender discrimination and retaliation claims, finding that she failed to show that the city’s reasons for delayed promotion were pretextual. Majovski v. City of L.A., 2026 BL 60432, Cal. Ct. App., 2d Dist., B335739, 2/24/26

A Colorado federal district court denied without prejudice a class certification motion against Amazon for wage violations, requiring updated briefings after a state supreme court ruling on holiday pay in overtime calculations. Hamilton v. Amazon.com Servs. LLC, 2026 BL 59902, D. Colo., 22-cv-00434-PAB-STV, 2/20/26

The IRS told employees it’s canceling the contract with its union, which represents roughly two-thirds of the agency, to align with President Donald Trump’s executive orders.

The IRS told employees it’s canceling the contract with its union, which represents roughly two-thirds of the agency, to align with President Donald Trump’s executive orders.

A Florida businessman failed to convince a federal court that a 10-year statute of limitations barred the IRS’s efforts to collect a tax liability from 2004.

Florida’s challenge to a California corporate tax rule isn’t the type of serious dispute between states that the US Supreme Court should initiate an original proceeding to consider, the latter state argued Friday.

Ireland supports a multilateral agreement on taxing the digital economy if it can be “broadly adopted and implemented in an efficient manner,” Deputy Prime Minister Simon Harris said Friday.

Several issues came up during the trial of Tom Goldstein that could be fodder for a successful appeal, according to Bloomberg Law reporter Holly Barker. Barker covered the trial of the disgraced SCOTUSblog founder and she joins our podcast, On The Merits, to talk about why the jury split its verdict and about how Goldstein’s famous propensity for risk taking influenced his defense strategy.

Smithfield Packaged Meats Corp. convinced a California trial court that it qualifies as an agricultural business permitted to use a special formula to calculate what portion of its income is taxable in the state.

The Delaware Supreme Court upheld the constitutionality of an overhaul of state law that governs most major US corporations and was fueled by Elon Musk, handing a win to company founders, insiders and private equity owners who sought less restrictive business rules.

Generate Biomedicines Inc. shares slumped 21% in the company’s trading debut after it raised $400 million in an initial public offering.

Multiple efforts by Live Nation Entertainment Inc. to settle a federal antitrust lawsuit seeking to break up the company have been rebuffed by government lawyers for now, leaving the case on track to go to trial next week.

Blackstone Inc. is launching a publicly traded acquisition company that will snap up data centers, giving millions of mom-and-pop investors a chance to bet on the artificial intelligence boom.

After the board of Warner Bros. Discovery Inc. concluded a meeting Thursday afternoon, Chief Executive Officer David Zaslav called David Ellison and Ted Sarandos to let them know the results. The board had deemed Ellison and Paramount Skydance Corp.’s latest bid superior to that of Netflix Inc. and Sarandos.

AT&T Inc. agreed to incorporate a shareholder proposal to share employee demographic data in its 2026 annual meeting materials, resolving a lawsuit brought by New York City retirement plans.