Âé¶¹´«Ã½

A bipartisan coalition of 28 attorneys general has sued 23andMe Inc. in Missouri bankruptcy court seeking to block the genetic-testing company from auctioning off its 15 million customers' personal genetic information without their explicit consent in its ongoing Chapter 11 proceeding.
Âé¶¹´«Ã½360
Bankruptcy
WEDNESDAY, JUNE 11, 2025

TOP NEWS

States Sue To Block 23andMe From Selling DNA Data In Ch. 11

By Dorothy Atkins

A bipartisan coalition of 28 attorneys general has sued 23andMe Inc. in Missouri bankruptcy court seeking to block the genetic-testing company from auctioning off its 15 million customers' personal genetic information without their explicit consent in its ongoing Chapter 11 proceeding.

Complaint attached | Read full article » | Save to favorites »

House 23andMe Hearing Raises National Security Concerns

By Clara Geoghegan

Âé¶¹´«Ã½makers pressed current and former 23andMe executives during a House Oversight Committee hearing Tuesday over national security and consumer privacy in connection with a planned Chapter 11 sale of 15 million customers' DNA profiles.

Read full article » | Save to favorites »

Farella Braun Wins Partial Fee Award In FDIC Dispute

By Emily Lever

A California federal judge has awarded Farella Braun & Martel LLP around $10,000 in attorney fees for the work its lawyers did for the bankrupt parent of Silicon Valley Bank, finding the receiver for the bank, the Federal Deposit Insurance Corp., failed to comply with discovery orders.

Order attached | Read full article » | Save to favorites »

CHAPTER 11

Green Energy Battery Co. Files Ch. 11 With Sale, Spinoff Plans

By Rick Archer

A company that manufactures batteries for green energy projects sought Chapter 11 protection in New Jersey bankruptcy court Tuesday, saying it is planning a spinoff and a sale to deal with its $325 million in debt, and citing an "untenable" liquidity situation and claims asserted by unhappy customers.

2 documents attached | Read full article » | Save to favorites »

Biopharma Co. Unit Hopes To Shed Empty Facilities In Ch. 11

By Isaac Monterose

A subsidiary of biopharmaceutical manufacturer National Resilience Holdco Inc. filed for Chapter 11 protection Tuesday in Delaware bankruptcy court with a reorganization plan involving shutting down offices, manufacturing sites and labs it described as "underutilized."

3 documents attached | Read full article » | Save to favorites »

Guo Trustee Eyes Litigation As Clawbacks Stall In Mediation

By Aaron Keller

The Chapter 11 trustee handling Chinese exile Miles Guo's $374 million Connecticut bankruptcy estate on Tuesday previewed a forthcoming request to terminate clawback mediations and move those proceedings into litigation, saying several defendants have used alternative dispute resolution to stall, rather than settle, his claims.

Notice attached | Read full article » | Save to favorites »

Fla. Fraud Suit Cited In Threat To $300M Project's Ch. 11 Plan

By David Minsky

The debtors of a $300 million real estate development in Florida cited challenges in working through its Chapter 11 case on Tuesday, telling a federal bankruptcy judge that an insurance heiress's state court lawsuit against her former financial adviser threatens to derail a restructuring plan.

1 document attached | Read full article » | Save to favorites »

No Sanctions For Cicis Pizza Investor, Judge Rules

By Spencer Brewer

A Texas state court judge drew short of sanctioning one of the companies that helped bring Cicis Pizza out of bankruptcy, but said Tuesday the company needs to turn over its complete ledger as it pursues a suit challenging allegedly excessive management fees totaling at least $25 million.

Motion attached | Read full article » | Save to favorites »

RESTRUCTURING

Yukos Says $5B Russia Award Suit Must Proceed

By Joyce Hanson

Yukos Oil Co.'s financing arm has told a D.C. federal court that a recent U.S. Supreme Court decision rejecting the Ninth Circuit's outlier interpretation of a jurisdictional question moots Russia's request that the court pause enforcement of a $5 billion arbitral award against the country.

Notice attached | Read full article » | Save to favorites »

EXPERT ANALYSIS

Calif. Bar Exam Fiasco Shows Why Attys Must Disclose AI Use

The recent revelation that a handful of questions from the controversial California bar exam administered in February were drafted using generative artificial intelligence demonstrates the continued importance of disclosure for attorneys who use AI tools, say attorneys at Troutman.

Read full article » | Save to favorites »

LEGAL INDUSTRY

ABA 'Surprised And Disappointed' By DOJ Shunning

By Courtney Bublé

The American Bar Association on Tuesday defended its long-standing process for reviewing judicial nominees and said Attorney General Pam Bondi was wrong to call the group an "activist organization."

Letter attached | Read full article » | Save to favorites »

Analysis

Feds Reboot FCPA Agenda With Narrower Enforcement Focus

By Sarah Jarvis

The U.S. Department of Justice on Tuesday released new and tightened guidelines for enforcement of the Foreign Corrupt Practices Act after a four-month pause on such prosecutions, centering prospective investigations on situations that affect U.S. competitiveness and national security as well as transnational cartels.

Memorandum attached | Read full article » | Save to favorites »

Top CFPB Enforcer Quits Over 'Devastating' Agency Pullback

By Jon Hill

The Consumer Financial Protection Bureau's top enforcement official resigned Tuesday, saying she can no longer effectively do her job under leadership that "has no intention to enforce the law in any meaningful way."

Read full article » | Save to favorites »

Judiciary Panel Advances New Rules On Amici, AI, Subpoenas

By Jeff Overley

The federal judiciary's top policy panel Tuesday propelled revamped rules regarding numerous hot legal topics, including artificial intelligence, "dark money" groups bankrolling amicus briefs and the subpoena powers of courts and defense counsel.

1 document attached | Read full article » | Save to favorites »

NJ Rep. LaMonica McIver Indicted Over ICE Facility Incident

By Hailey Konnath

U.S. Rep. LaMonica McIver has been charged with forcibly impeding and interfering with federal officers during her inspection of a Newark, New Jersey, immigration detention facility last month, the U.S. Department of Justice announced Tuesday.

Read full article » | Save to favorites »

Wis. Judge Can't Wield Immunity For Obstructing ICE, DOJ Says

By Lynn LaRowe

The U.S. Department of Justice has urged a Wisconsin federal judge to reject a state court judge's argument that judicial immunity blocks her prosecution for allegedly obstructing an ICE arrest at a Milwaukee courthouse, saying that while judges may be immune from civil liability for official acts, they are not shielded from prosecution for supposedly criminal conduct.

2 documents attached | Read full article » | Save to favorites »

State Chief Justices Blast Plans To Cut Legal Services Corp.

By Hailey Konnath

A coalition of 37 state Supreme Court chief justices have asked federal lawmakers to reject President Donald Trump's plans to eliminate the Legal Services Corp., arguing that the "justice system is hobbled when citizens are deprived of legal counsel."

Letter attached | Read full article » | Save to favorites »

Mass. Court-Appointed Attys Hit 'Boiling Point' Over Low Pay

By Julie Manganis

Hundreds of private attorneys in Massachusetts who are paid by the state to represent indigent defendants and others have stopped accepting new court-appointed cases over complaints about low pay, putting the system on what one veteran advocate called "the verge of imploding."

Read full article » | Save to favorites »

House Conservatives Push Senate To 'Rein In' Judges

By Courtney Bublé

House conservatives are imploring their Senate counterparts to do more to "rein in" federal judges with the budget reconciliation package.

Memorandum attached | Read full article » | Save to favorites »

SEC's Investment Management Chief Greiner To Leave Agency

By Tom Zanki

U.S. Securities and Exchange Commission veteran Natasha Vij Greiner is stepping down as the director of the agency's investment management division, ending a nearly 24-year career serving the SEC in multiple roles, regulators announced Tuesday.

Read full article » | Save to favorites »

Analysis

Key Insights On Looming Fair Use Rulings In AI Cases

By Ivan Moreno

Two California federal judges have indicated they are inclined to find that using copyrighted material to train artificial intelligence systems is transformative, which usually means that copying a work is fair, but that may not let Meta Platforms and Anthropic off the hook in separate lawsuits.

Read full article » | Save to favorites »

Catching Up With Delaware's Chancery Court

By Katryna Perera and Jeff Montgomery

Delaware's Court of Chancery showed new resistance to suits alleging corporate weaponizing of advance notice bylaws, and a new report highlighted the high fees that attorneys are cashing in on in Delaware courts compared to the federal court system. Several new suits were also filed concerning allegedly under- or overvalued sales and acquisitions being pushed through.

Read full article » | Save to favorites »

Promo that reads Âé¶¹´«Ã½360 400 Promo that reads Âé¶¹´«Ã½360 Pulse Summer Associates Survey

LAW FIRMS IN TODAY'S NEWS

Advisors LLC

ArentFox Schiff LLP

Arnall Golden

Arnold & Porter

Baker & Hostetler

Berger Singerman

Carmody MacDonald

Charmoy & Charmoy

Crowell & Moring

Dentons

Faegre Drinker

Farella Braun

Finn Dixon

Gibson Dunn

Gimbel Reilly

Green & Sklarz

Harris Beach Murtha Cullina PLLC

Ivie McNeill

K&L Gates

Marks & Sokolov

Nelson Mullins

Neubert Pepe

O'Melveny & Myers

Paul Hastings

Paul Weiss

Phillips Nizer

Pillsbury Winthrop

Prickett Jones

Pullman & Comley

Rappaport & Delaney

Richards Layton

Robinson & Cole

Ropes & Gray

Strang Bradley

Togut Segal

Troutman

Weddle Âé¶¹´«Ã½ PLLC

White & Case

Winderweedle Haines

Winston & Strawn

Zeisler & Zeisler

COMPANIES IN TODAY'S NEWS

23andMe Inc.

Amazon.com Inc.

American Bar Association

American College of Trial Âé¶¹´«Ã½yers

American Conference Institute

American Express Co.

Amicus

Anthropic PBC

Apple Inc.

Boston University

Cirrus Aircraft Corp.

Cognizant Technology Solutions Corp.

Credit Suisse Group AG

Datascan LP

Desktop Metal Inc.

Fox News Network LLC

Google LLC

JPMorgan Chase & Co.

Marcum LLP

Meta Platforms Inc.

Michaels Stores Inc.

Nardello & Co. LLC

National Association of Attorneys General

National Association of Criminal Defense Âé¶¹´«Ã½yers

National Resilience Inc.

NextEra Energy Inc.

Owens Corning Corp.

Permira

Public Citizen Inc.

Regeneron Pharmaceuticals Inc.

Rocket Cos.

SVB Financial Group

Stanford University

State Bar of California

The Catholic University of America

The New York Times Co.

Thomson Reuters Corp.

GOVERNMENT AGENCIES IN TODAY'S NEWS

COPRAC

California Supreme Court

Committee for Public Counsel Services

Consumer Financial Protection Bureau

Dallas County, Texas

Federal Deposit Insurance Corp.

Food and Drug Administration

Judicial Conference of the United States

Legal Services Corp.

Minnesota Attorney General's Office

Missouri Attorney General's Office

New York Attorney General's Office

Oregon Department of Justice

U.S. Attorney's Office for the Eastern District of Wisconsin

U.S. Bankruptcy Court for the District of Delaware

U.S. Bankruptcy Court for the District of New Jersey

U.S. Bankruptcy Court for the Eastern District of Missouri

U.S. Copyright Office

U.S. Department of Defense

U.S. Department of Justice

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of North Carolina

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Florida

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States Bankruptcy Court for the District of Connecticut

United States District Court for the Eastern District of Wisconsin