Former Archegos Capital Management employee Jesse Martz testified Wednesday in the trial of founder Bill Hwang on fraud and market manipulation charges, where Martz described the atmosphere at the firm in its final week as “a bloodbath.”

Frank Carone — a longtime adviser to New York City Mayor Eric Adams — has pulled himself into the orbit of the Archegos founder.

A new judicial election must be held in Texas’s largest county because 1,751 votes were cast illegally or were wrongly counted, a visiting judge said Wednesday in a major fallout from Houston’s botched ballot count in November 2022.

Meta Platforms Inc. is under investigation by the <-bsp-bb-link state="{"bbHref":"bbg://securities/345300Z%20BB%20Equity","_id":"0000018f-8150-de3b-adcf-dbf32cca0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">European Union over concerns its algorithms are illegally exploiting the weakness of children to get them addicted to Facebook and Instagram.

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

Quinn Emanuel is adopting a tech company’s tool designed to help the law firm predict how a judge will rule in litigation cases.

The Biden administration wants employers to consider eight major principles when using artificial intelligence at work, including establishing human oversight processes and limiting the data collected on workers.

Australia’s gas exporters would see deductions on their income reduced to 90% under an omnibus bill passed Thursday by the Senate.

<-bsp-bb-link state="{"bbHref":"bbg://securities/UAA%20US%20Equity/FA","_id":"0000018f-81d3-de3b-adcf-dbf3b2690000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Under Armour Inc. will restructure its business amid a continued decline in revenue and make men’s apparel its highest priority as the company realigns itself under founder <-bsp-person state="{"_id":"0000018f-81d3-de3b-adcf-dbf3b2690001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Kevin Plank.

Home Depot shareholders on Thursday voted against a proposal asking the company to report how its political donations line up with its values.

The president of <-bsp-bb-link state="{"bbHref":"bbg://securities/8128369Z%20US%20Equity","_id":"0000018f-819e-de3b-adcf-dbbf11480000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Sonoma State University, a public liberal arts college in California, was placed on leave a day after he announced an agreement with pro-Palestinian protesters that included an academic boycott of Israel and a role for student activists to enforce the deal.

<-rte-company state="{"_id":"0000018f-8197-de3b-adcf-dbb72d950000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Crescent Energy Inc. agreed to buy <-rte-company state="{"_id":"0000018f-8197-de3b-adcf-dbb72d950001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">SilverBow Resources Inc., a rival oil and gas producer that’s in a proxy fight with its largest shareholder, for $2.1 billion.

The Biden administration wants employers to consider eight major principles when using artificial intelligence at work, including establishing human oversight processes and limiting the data collected on workers.

A look at how much time AI could cannibalize from a law firm and how to address it.

Georgetown Law’s William Treanor and Amy Mattock say students suffer from early recruiting and that law firms would also benefit from a return to a later schedule.

A Muslim inmate is getting a second chance to pursue his allegation that prison officials violated his right to free exercise of religion after the Second Circuit said Wednesday that a lower court insufficiently articulated the grounds for dismissal.

A legal advocacy group led by conservative activist Edward Blum brought a constitutional challenge Wednesday to a Minnesota law that requires the state’s social work regulatory board to include racial minorities.

The United Auto Workers filed a US labor board complaint over <-bsp-bb-link state="{"bbHref":"bbg://securities/3252Z%20US%20Equity","_id":"0000018f-7e50-de3b-adcf-fef318350000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Harvard University’s handling of pro-Palestinian protests, claiming the university violated grad students’ rights as employees.

Starbucks Corp. must again defend an injunction petition filed by the National Labor Relations Board because a trial court improperly dismissed the action as a sanction for noncompliance with subpoenas, a federal appeals court ruled.

Regeneron Pharmaceuticals Inc. urged an appeals court to impose a higher causation standard in the government’s False Claims Act case alleging a drug kickback scheme.

The US Supreme Court upheld the Consumer Financial Protection Bureau’s funding system, lifting a legal threat that could have derailed the work of the agency set up after the 2008 financial crisis to regulate mortgages and other consumer-finance products.

Federal courts lack the discretion to dismiss lawsuits after determining that all the underlying claims are subject to mandatory arbitration agreements, the US Supreme Court held in an employment misclassification case.

The US Supreme Court ruled for a federal employee fighting to challenge a Defense Department furlough in federal court.

A new judicial election must be held in Texas’s largest county because 1,751 votes were cast illegally or were wrongly counted, a visiting judge said Wednesday in a major fallout from Houston’s botched ballot count in November 2022.