Legal News

So about those May jobs numbers . . . . The return of 2.5 million jobs in May was a welcome and largely unexpected surprise. But the Bureau of Labor Statistics admitted later on Friday that the unemployment rate—reported as falling from 14.7% in...By: Robins Kaplan LLP

Google cut costs by rescinding offers to more than 2,000 contract workers due to the strains of the pandemic....By: Robins Kaplan LLP

With HBO Max entering the fray today, we’ve got your latest dispatch from the streaming wars, including thoughts on Max’s ability to deliver on its promise to “crush” Netflix despite a very crowded playing field, a spendy monthly price tag (at the...By: Robins Kaplan LLP

Unable to reach a last-minute deal with investors, rental car mainstay Hertz filed for bankruptcy late Friday night, doing so “without a clear plan with creditors in place—a rare move for a company of its size.” Though, like the other big-name...By: Robins Kaplan LLP

Uber Technologies Inc. will eliminate 3,700 jobs. This equates to the company shedding a quarter of its workforce. Rumors are also circulating that Uber “is in talks to buy rival Grubhub Inc.”....By: Robins Kaplan LLP

May companies work with their competitors to produce equipment needed to battle COVID-19 without running the risk of antitrust enforcement actions or treble damages lawsuits?...By: Robins Kaplan LLP

WeWork co-founder wants to get PAAAAAID, so he’s suing SoftBank in an attempt to force it to “go through with its canceled deal to buy $3 billion of the company’s shares, accusing the Japanese conglomerate and its Vision Fund LP of abusing their...By: Robins Kaplan LLP

PE firm Sycamore Partners, which “agreed to buy a majority of Victoria’s Secret from its embattled owner, L Brands, in February,” is looking to back out of the deal “because of the retail chain’s response to the coronavirus pandemic,” including its...By: Robins Kaplan LLP

Markets kicked of Q2 pretty much where they left off as Q1 wrapped: down, and down big. A double whammy of massive anticipated unemployment figures and truly disheartening modeling on COVID-19-related deaths sent all three major U.S. indices down...By: Robins Kaplan LLP

The Senate unanimously passed a hotly anticipated third COVID-19-related stimulus bill last night, and the House is set to take up the measure today and vote tomorrow on the bill that would deliver $2 trillion in loans, tax breaks, and direct...By: Robins Kaplan LLP