It’s the end of an era for Victoria’s Secret, the lingerie giant that for 28 years has been under the wing of mall retail group L Brands. On Thursday, private equity firm Sycamore Partners announced that it would acquire a 55% stake in the company for $525 million. The private equity business is Continue Reading
Lopez Introduces Bill to Create Consumer-Friendly Protections and Regulations in Virtual Currency Industry
On February 18, 2020, one Bitcoin was worth 9,719 traditional dollars. However, there’s no guarantee that value will be the same next week, next month, or in the next few seconds. The cryptocurrency industry, which came into the mainstream with the advent of Bitcoin in 2009, continues to expand Continue Reading
Judge Grants Amazon Motion for Pause in Microsoft’s Pentagon Contract Work
A U.S. judge on Thursday granted Amazon.com Inc’s request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal that Amazon says reflected undue influence by President Donald Trump. Alexander Major, a partner at Continue Reading
David Kott Elected to be a Fellow in the American Academy of Appellate Lawyers
David Kott was elected to be a member of the American Academy of Appellate Lawyers at the Academy’s recent meeting. The American Academy of Appellate Lawyers was founded in 1990 to recognize outstanding appellate lawyers and promote the improvement of appellate advocacy and the administration of Continue Reading
Amazon Seeks to Depose Trump, Esper in JEDI Bid Protest
Amazon Web Services is seeking to depose President Trump and Secretary of Defense Mark T. Esper in a high-stakes protest over the Pentagon’s handling of a $10 billion cloud computing contract, court records show. The motion filed Monday in the U.S. Court of Federal Claims significantly raises the Continue Reading
CMMC Audit Process Remains a Mystery in DOD Cybersecurity Plan
The Pentagon's new Cybersecurity Maturity Model Certification requirements are raising concerns about how defense contractors will implement those standards when details are missing on how contractors can get audited and certified. Through various drafts of the plan, the department slashed Continue Reading
David Kott Argues Case before NJ Supreme Court Weighing Enforceability of Electronic Employee Arbitration Agreement in Pfizer Case
McCarter partner David Kott argued before the New Jersey Supreme Court on behalf of amici curiae New Jersey Business and Industry Association, New Jersey Chamber of Commerce and Commerce and Industry Association of New Jersey in Skuse v Pfizer. The New Jersey Law Journal quoted portions of Continue Reading
Amazon Could Face Antitrust Suit in 2020, but Asset Breakup Unlikely
While Amazon.com Inc. and other U.S. technology companies face potential enforcement action from regulators in 2020, antitrust experts say history suggests that rule changes are more likely than a big tech breakup. Amazon could adapt to new regulations, but an order to separate business segments Continue Reading
Judge Blocks California Gig Economy Law Enforcement on Truckers
A federal judge halted California’s attempt to regulate trucking companies’ use of independent drivers under the state’s new “gig economy” law, extending a temporary bar on enforcement of the measure while an industry challenge plays out in court. “This is a major win for the trucking industry,” Continue Reading
All Eyes on Fed. Court after Trucking Cos.’ Classification Win
A state court judge's ruling that a new California law making it tougher to classify workers as contractors doesn't cover motor carriers bodes well for the trucking industry's push to secure a preliminary injunction at a closely watched federal court hearing next week. "I don't think a single Continue Reading