McKool Smith and co-counsel Keller Postman helped the Office of Attorney General of Texas secure a $1.4 billion settlement with Meta Platforms Inc. for alleged unauthorized personal data capture. Attorney General Ken Paxton said the settlement was the largest ever obtained by the office. It is also the largest privacy…

A $2 billion trade secrets verdict against Massachusetts-based software company Pegasystems was overturned Tuesday by a Virginia appellate court, which said errors at the jury trial merited returning the case for a new hearing. The decision by the Court of Appeals of Virginia reverses what had been the largest damages…

Two nonfungible token artists have filed a complaint against the U.S. Securities and Exchange Commission, asking a federal district court in New Orleans to clarify whether NFTs fall under the jurisdiction of Wall Street’s largest regulator as unregistered securities. David Patrón, a partner at the Am Law 200 firm Phelps Dunbar…

Companies are constantly under attack from hackers, as data breaches have become not a matter of if, but when a company will face them. One of the most recent breaches that affected millions of US customers occurred with AT&T in late March. That is when the ransomware group UNC5537 stole…

Demand in the intellectual property sector is on the rise on West Coast, prompting numerous Am Law 200 firms to grow their IP offerings in California over the last few weeks. “For companies to protect their market share or create enterprise value, it starts with identifying and protecting the IP,” said…

O’Melveny & Myers has snagged Winston & Strawn litigation leader and former Houston Bar Association President Denise Scofield, who is joining the firm as a partner in its litigation department and energy industry group. The hire is the latest example of O’Melveny’s efforts to grow in the Texas market. The…