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Big tech stocks soared again in 2021, and as a result just five firms—Microsoft, Nvidia, Apple, Alphabet and Tesla—now account for more than half of the S&P 500′s gain since April.
But clouds loom over the sector going into 2022.
There's a bipartisan view in Washington, D.C., that the technology industry should be carved up like a Thanksgiving turkey, that it’s too powerful...
We shine the spotlight on three general counsel who left a big stamp on 2021—each for entirely different reasons.
Legal chiefs at Coinbase, Instacart and Bloomin' Brands left a big stamp on 2021—each in entirely different ways.
Zoom experienced monstrous growth during the COVID-19 pandemic. Supporting that once-in-a-lifetime growth was Zoom’s legal department, led by current GC Jeff True and former GC Aparna Bawa.
Zoom’s Commercial Legal team saw their workload grow 300% overnight in March 2020, Zoom Head of Legal Operations Allison Silver said.
The IGC didn’t name the executive in its documentation but identified the person as an executive vice president, secretary and general counsel who retired on Dec. 9, 2019. According to SEC disclosures filed by Boyd Gaming, Brian Larson retired from that position on the same date.
Brian Larson abruptly resigned in December 2019 after an internal investigation confirmed his relationship with a female Boyd executive.
The SEC alleges that Medallion and its COO schemed with a PR firm and contractor to inflate the company's stock price amid competition from ride-sharing companies. Medallion's general counsel and compliance chief did not respond truthfully to a reporter who asked about the alleged scheme, according to the SEC.
The SEC alleges that Medallion Financial and its chief operating officer schemed with a PR firm and contractor to stealthily push positive stories...
“VW filed its motion to intervene more than five months before COVID-19 changed the world. As for the judicial shortage in the Central District of California, that problem long predates VW’s motion,” the panel wrote.
The Ninth Circuit found evidence did not support a judge’s allegations that a team of Sullivan & Cromwell attorneys in Palo Alto and New York...
Lawyers who traded law firm positions for in-house roles say they’ve welcomed leaving behind billable hours and have embraced the opportunity to tackle problems from more of a business perspective, as well as only having to deal with one client.
Lawyers who traded law firm positions for in-house roles say they’ve welcomed leaving behind billable hours and have embraced the opportunity to...
In 2021, in-house lawyers filed lawsuits against their employers, found themselves the target of litigation, and even faced penalties for alleged criminal conduct. We round up 11 cases that thrust in-house lawyers into the spotlight this year.
From Wells Fargo to J.Crew, a range of organizations saw their in-house counsel thrust into the spotlight in 2021.
In September, Intuit announced a novel move for the financial technology company: It would acquire email marketing platform MailChimp. The transaction was not without its challenges, admitted Stacey Doynow, Intuit’s director and deputy GC.
The attorney, who took a hiatus from merger matters until she returned to the space three years ago, helped drive Intuit's biggest acquisitions,...
!["[A] board can help the owners of closely held companies get of out of their own way. A board can provide much needed se...](https://img4.medioq.com/977/783/323516829777835.jpg)
"[A] board can help the owners of closely held companies get of out of their own way. A board can provide much needed separation between owners and their businesses. Separation that is necessary for both the owners and their businesses to prosper."
For some owners of closely-held companies, installing a board of directors may seem more painful than cutting off one of their pinkie fingers.
“Other courts have similarly construed the terms at issue here,” Judge Matheson wrote. “Every circuit to address the issue has held that identical or nearly identical business income provisions did not cover losses covered by COVID closure orders.”
Every circuit to address the issue has held that identical or nearly identical business income provisions did not cover losses covered by COVID...
The most talked about GC departure of the year occurred in April, when Coca-Cola revealed that Bradley Gayton had resigned after eight months on the job for the Atlanta-based beverage giant.
The most talked about GC departure of the year occurred in April, when Coca-Cola revealed that Bradley Gayton had resigned after eight months on...
With litigation on key vaccination questions pending and the possibility of more policy changes on the horizon, in-house counsel are going into 2022 with one clear-eyed expectation: There will be more challenges.
At the start of 2021, the availability of COVID-19 vaccines seemed to promise much-needed relief from the pandemic. As it turns out, they...
Sharing tips on the slideshow with this article are legal leaders from 3M, Qualcomm, Discover, DeepLabs, Everlaw, Goodwill of Central and Northern Arizona, Lexion, Burford Capital and Parsable.
Legal chiefs for a wide variety of companies, from global conglomerates to tech startups, reflect on how they adapted and succeeded during another...
Dream Hotel Group is boosting Laura Mutterperl from general counsel to chief legal officer.
She joined the company in 2017 after stints at Starwood Hotels and Kirkland & Ellis.
Dream Hotel Group plans to add at least 20 hotels by 2025.
The projects the company is planning span the globe, from Belgium to Qatar.
Rob Beard was an associate at Weil, Gotshal & Manges LLP before joining Micron Technology in 2014 as associate general counsel.
The company has opted to promote an insider to replace 26-year company veteran Joel Po**en.
Miami University has hired Amy Shoemaker away from the University of Louisville to be its general counsel.
By serving in higher education, which feels in many ways like a vocation to me, I get to contribute to supporting young people, new GC Amy...
For many law firms, a presence in China was a losing proposition even when ties between the countries were less fraught.
"Most firms don’t make a lot of money off of Chinese clients,” says Jomati Consultants principal Tony Williams.
As tensions escalate and uncertainty abounds, it's getting harder for U.S. firms to find success in China.
What you need to know:
🔵 NatWest Markets, a British financial firm, pleaded guilty to fraud charges tied to the manipulation of U.S. Treasury markets.
🔵 The firm was accused of violating the terms of a nonprosecution agreement with the Justice Department and agreed to pay $35 million in fines.
🔵 DOJ said the plea underscored its crackdown on repeat corporate wrongdoers and companies who violate pretrial diversion deals.
As we have previously warned, there will be serious consequences for a company that breaches the terms of an agreement with the government, Deputy Attorney General Lisa Monaco said.
Jill Sutton, a former in-house leader for General Motors, had led United Natural Foods Inc.'s legal department since 2018.
“You might see something like this happen over six years, but it’s a big move to do all at once, an in-house consultant said of the scaled-back...
Douglas Coleman gets on board with Reliable Robotics after it recently raised $100 million in funding to help get its aircraft certification program for commercial cargo operations off the ground.
Douglas Coleman's hiring comes on the heels of the company raising $100 million to fund certification of its commercial cargo system.
Norman Reed permanently assumes the general counsel role at Binance.US after it was banned in seven states and has found itself under investigation by the U.S. Department of Justice and Internal Revenue Service.
His predecessor lasted only seven months on the job.
It is a rare opportunity to find a legal leader with Security and Exchange Commission and Federal Reserve Bank, as well as crypto and fintech experiences, Binance.US CEO Brian Shroder said.
"The time is at hand to cast the baseball exemption into the dust bin of antitrust history,” David Lender, co-chair of Weil, Gotshal & Manges LLP's litigation department, wrote on behalf of four affected minor league teams.
Trump and his company are represented by Alina Habba of Habba Madaio & Associates, which has an office near Herald Square in Manhattan and another in Bedminster, New Jersey, where the former president has a golf club.
As head of consumer product legal at Facebook Financial, Rob Collier managed a team responsible for ensuring the company’s consumer financial service projects, including cryptocurrency wallet Novi, complied with U.S. and international law and regulations.
Before working at Facebook, Rob Collier worked at EZCORP and Noventis Inc.
"Building an effective DEI program starts at the very top—the C-suite, the CEO, definitely the board of directors—making sure that it is a core value, not just lip service, but a core value of what the company wants to achieve. And then it’s making sure that they’re not just talking the talk but walking the walk."
Delma Locke, a former lawyer for Sun Microsystems, Apple and Uber, is ready to use her experience and legal skill set as a superpower in her first...
Midwest legal recruiter Nancy Newman discusses the reputational risks and potential career damage that can come with agreeing to stay on at an organization that you’ve already made up your mind to leave—especially when doing so requires rescinding acceptance of a new job offer.
This week’s episode features a conversation between Law.com Editor-in-Chief Zack Needles and Midwest legal recruiter Nancy Newman, who has noticed...
A technical issue caused GRE information to be missing from several of this year's 509 reports. However, the ABA also does not report GRE enrollment information for schools that enroll fewer than 10 students based on their GRE scores.
Until it’s clear what data is going to be reported and how, “we won’t see a world comfortably using the GRE,” said Jeff Thomas, Kaplan’s executive...
Compass is developing a synthetic psilocybin, a psychedelic compound found naturally in “magic mushrooms,” for treating depression. The company has burgeoned—as has the psychedelic drug industry—since its 2016 launch.
Matthew Owens is slated to take over as general counsel and chief legal officer at Compass on Feb. 1.
Since joining DoorDash, Sherringham has expanded the company’s legal team to include more than 40 attorneys. She has also guided the company through multiple fundraising rounds.
Tia Sherringham said her promotion is “a confirmation of the role and growth that I’ve had over my time at DoorDash … it’s really an organic growth.”
Whether new guidance, regulation, investigations, or enforcement activity, the message is clear: The federal government is paying close attention to how companies are handling and protecting their data—especially consumer and sensitive data.
The fact that the federal government is jumping with both feet into the privacy and cybersecurity enforcement arena is an event worth watching and...
“J.Crew wants to reinvent itself post-bankruptcy as a modern, inclusive brand, but the way it treated Ms. DiLorenzo after she became disabled represents the complete antithesis of those ideals,” Wigdor partner Valdi Licul said in a statement.
The GC who saw the company through bankruptcy alleges J.Crew executives failed to accommodate needs related to her disability.
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#LegalSpeak Podcast: In this clip, Boston University School of Law Dean Angela Onwuachi-Willig shares her mentor story about Kevin Johnson, dean of the UC Davis School of Law. Listen to full episode here http://ow.ly/QPY830n7GIz
Louise Pentland of PayPal is a Co-Legal Leader & a Business Boss Too. This clip she shares what attracted her to PayPal. Watch full video here http://ow.ly/71Xz30kp2lI
The Top 10 In-House Counsel Moves of 2018 (So Far) http://ow.ly/PNQc30jeQVU #legalnews
Ex-American Airlines' GC Describes How the Company Survived Bankruptcy, Tragedy—Gary Kennedy, who was GC of American Airlines btwn 2003 & 2013, has quite a story to tell http://ow.ly/a6ok30iq28h
Video Clip: David Kelly, Golden State Golden State Warriors GC shares the best career advice he has ever received. Watch the full interview here http://ow.ly/gCd630ijoYe #GSWarriors
TOP 3 MOST POPULAR STORIES OF THE WEEK: A Threatening Pose for Bikram Yoga's Former Top Lawyer: http://bit.ly/2ypdEmf Most In-House Law Departments Spend 'Inefficiently,' Study Says: http://bit.ly/2hi9JAR US Steel’s General Counsel to Leave the Company: http://bit.ly/2zwLoQb
THIS WEEK'S MOVES: GC Michal Rosenn out at Kickstarter: http://bit.ly/2zMXY0t Florian Drinhausen is stepping in at Deutsche Bank: http://bit.ly/2zN5dFT US Steel’s general counsel to leave the company: http://bit.ly/2zwLoQb Lisa Jurinka tapped as new Innovari general counsel: http://bit.ly/2zxVja7
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