Law360

A European Union supervisory authority is set to broaden its oversight powers in 2027, according to a Law360 report. The expansion would extend the watchdog's reach into additional areas of regulation, though the report gives no further detail on which sectors or entities will fall under the enlarged mandate. The change is expected to be part of the EU's wider adjustments to its regulatory and enforcement framework.

The European Union's insurance regulator is calling for harmonised rules applying uniformly across all member states, according to Law360. The appeal reflects ongoing concerns about fragmented national supervisory practices within the EU's single market for insurance. Details of the watchdog's specific proposals and how member states might respond were not immediately available.

Companies facing a lawsuit over video game addiction cannot compel the case into arbitration, according to a ruling reported by Law360. The decision means the addiction claims can proceed in court rather than in private arbitration, a potentially significant setback for the game industry defendants and a notable development for families pursuing such claims.

An Atlanta-based consulting firm is facing a lawsuit over a data breach that occurred in May. The legal action, reported by Law360, alleges the firm failed to protect sensitive information compromised in the incident. Further details about the parties involved, the number of people affected, and the type of data exposed have not been made available.

A roughly $16 billion court judgment is being challenged at the US Supreme Court on sovereign immunity grounds, Law360 reports. The case will test whether foreign sovereign immunity principles shield a government from enforcing the massive award, a question with wide implications for international litigation and asset recovery efforts.

Law firm Seyfarth Shaw has hired a lawyer from Glaser Weil, adding strength in real estate and entertainment in its Los Angeles office. The lateral move, reported by Law360, reflects continued competition among major firms for attorneys who can serve clients at the intersection of property and entertainment in the LA market.

The SEC has approved retail voting programs modeled on Tesla's shareholder plan, allowing companies to give retail investors enhanced voting rights similar to the structure Tesla adopted for Elon Musk's stock award. Law360 reported the decision. The move could encourage more US companies to adopt special voting arrangements for small shareholders, a trend likely to draw scrutiny over governance and dilution of the one-share, one-vote principle.

Law firm Gibson Dunn & Crutcher has hired a New York-based lawyer to serve as co-chair of its structured finance practice, according to Law360. The move signals the firm's continued push to build out its finance capabilities amid sustained demand for structured finance and securitization work. Further details about the incoming partner and their background were not provided in the initial report.