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‘Teflon’ Elon Wins Again as Jury Rejects Tweet Fraud Claims (2)
Elon Musk proved once again that he’s difficult to beat in court. On Friday, a federal jury in San Francisco took just two hours to clear the Tesla Inc. chief executive officer of claims by investors that he defrauded them when he tweeted 4 1/2 years ago that he was considering taking the company private and had “funding secured” to make the deal happen.
Lawyer Spurned in Delaware Suit-Funding Probe Looks to SCOTUS
A lawyer who refused to produce documents as ordered by Delaware’s federal chief judge in a heated litigation-finance probe wants to take the IP Edge-linked entity’s fight to the US Supreme Court.
Varsity Blues Files Prompt Fight in Admissions Antitrust Case
Georgetown University is fighting a bid for confidential documents related to the “Operation Varsity Blues” bribery scandal from a group of former students leading antitrust litigation over admissions practices at top colleges.
Musk’s Fraud Case Over 2018 Tesla Go-Private Tweets Goes to Jury
The jury in
A Tycoon, Two Lords and a £10 Billion Crypto Lawsuit (Correct)
A 243,000-person class-action lawsuit to recoup investor losses in Bitcoin Satoshi Vision pits an august group of UK lawmakers, financed by an Antigua-based company, against some of crypto’s most powerful players. The alliance of establishment figures with colorful crypto entrepreneurs shows how just as the boom days of digital currency brought together unlikely casts of characters looking to get rich quick, class-action lawsuits could now serve the same purpose for investors seeking to head off large losses.
In Case You Missed It
Camp Lejeune Ads Surge Amid ‘Wild West’ of Legal Finance, Tech
The Camp Lejeune litigation is the latest to be turbocharged by a mass tort marketing industry that has evolved in recent years from the door-knocking of Erin Brockovich types into a high-tech, targeted operation on social media and TV. More than $145 million had been spent on television and social media advertising by year’s end—a figure predict could easily double, in part because as many as 500,000 veterans or their relatives could be eligible to file a claim, and because Congress has already authorized a payout of more than $6 billion.
Wall Street Firm Set to Reap Millions for Untangling FTX Empire
Sullivan & Cromwell, after surviving a push to kick it off the FTX bankruptcy, stands to reap huge fees to sort out the finances of Sam Bankman-Fried’s fallen crypto empire.
Google Taps Freshfields to Fight US Suit Seeking Ad Unit Breakup
Cooley Lays Off 150 Attorneys and Staff Across US Offices
Cooley has laid off 150 attorneys and staff in what the law firm is calling a “painful but necessary” step to adjust for slowing demand.
Crypto, Cash and Spies: Secret Videos Sink Legal Rising Star
The hidden-camera recordings videos of Kyle Roche were posted anonymously in August. Since then, he’s lost his role as a lead attorney in potentially law-defining cases, exited the firm he founded and retreated from public view. How it happened offers a window into what can be the cutthroat nature of a fledgling trillion-dollar industry.
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