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WHAT WE’RE WATCHING
LASTING LESSONS - The global pandemic has caused a lot of problems for law firms. But if there’s any silver lining, it may be that some firms have learned, by necessity, how to be more nimble and to streamline their decision-making process. The trick now, as Dan Packel reports, is not to forget those lessons once COVID-19 itself becomes a bad memory. “One of the things you need to do as a leader now is don’t come out of this with a sigh of relief and go into stasis,” Altman Weil consultant Tom Clay advises. “You need to be planning now to come out of this and beat the competitors.”
BIG TIP – If you’ve been dragging your feet on reporting corporate misconduct to the U.S. Securities and Exchange Commission, now might be a good time to give them a call. C. Ryan Barber reports that the SEC yesterday issued the largest bounty in the 10-year history of its program for paying tipsters, awarding nearly $50 million to a whistleblower who provided “firsthand” observations of “misconduct by the company that was previously unknown to the staff.”
TITLE FIGHT - Charles Toutant reports that, in what appears to be the first suit of its kind, a coalition of state attorneys general have taken aim at the Trump administration’s revisions to Title IX. In the suit, filed yesterday, the group—led by California Attorney General Xavier Becerra, Pennsylvania Attorney General Josh Shapiro and New Jersey Attorney General Gurbir Grewal—argues that the new rules undermine Title IX’s requirements that students be able to learn in an environment free from discrimination based on sex, and free from sexual violence and harassment.
EDITOR’S PICKS
Neither Trump Nor Avenatti Gets Cut of Stormy Daniels’ $450,000 Settlement, Federal Judge Rules
All 3 Ahmaud Arbery Murder Defendants Bound Over for Trial
How Will Corporate Legal Spend Its Budget Post-Pandemic?
‘This Is a Moment’: Civil Rights Lawyers Confront Pandemic and Police Violence Inequities
Scenes of Unrest: A Close-Up View of the Protests in New York, Baltimore and Atlanta
WHILE YOU WERE SLEEPING
LISTLESS – U.S. law firms’ once-booming practice of representing Chinese companies seeking to be listed on U.S. exchanges may be on its way from lucrative to lackluster, Anna Zhang reports. The already strained relationship between the U.S. and China, coupled with a recent fraud perpetrated by NASDAQ-listed Chinese company Luckin Coffee, appears to have sparked efforts to chill Chinese IPOs by delisting companies that refuse to let the Public Company Accounting Oversight Board review their financial statements
WHAT YOU SAID
“It can be challenging to bring your whole self to work. It is not easy to pretend it is business as usual. This is an atrocity that shows America has never lived up to its promise.”
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How Law Firms Can Come Out of COVID Stronger, Big Win for Whistleblowers, AGs Target Trump on Title IX: The Morning Minute - Law.com
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