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Goldman Pens $500M Deal To End Investors' 1MDB Suit

A photo illustration shows the Goldman Sachs logo on a mobile phone screen

By Jessica Corso

Goldman Sachs has agreed to pay $500 million to end a lawsuit brought by investors who say they lost money after it came to light that the company was allegedly involved in a bribery scandal tied to Malaysia's sovereign wealth fund.


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    The U.S. Supreme Court on Thursday adopted a broad view of a federal law allowing U.S. victims of property seizu...(read more)

  • A bottle of Jack Daniel's Tennessee Whiskey is displayed next to a Bad Spaniels dog toy
    9th Circ. Questions Jack Daniel's TM Win Over 'Bad Spaniels'

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    A Ninth Circuit panel on Wednesday questioned whether Jack Daniel's proved that any mark beyond its name was fam...(read more)

  • Apple Wants Justices To Review Epic Games Contempt Order

    By Hailey Konnath

    Apple Inc. has asked the U.S. Supreme Court to weigh in on exactly when and how civil contempt sanctions can be issued for violating a court order, arguing that the Ninth Circuit missed the mark by upholding such sanctions against Apple in its App Store battle with Epic Games.

  • OpenAI Ouster About Governance, Not Bad Counsel, Pros Say

    By Dorothy Atkins

    Witness testimony offered during a recent high-profile jury trial over Elon Musk's challenge to OpenAI's for-profit restructuring accused the artificial intelligence company's nonprofit board of following bad legal advice when it fired CEO Sam Altman in 2023, although experts say the incident was more likely the product of poor governance rather than lousy legal counsel.

  • FTC Wins Partial Ruling On Doxo's Online Signup Practices

    By Ben Adlin

    Online bill pay service Doxo violated federal law by failing to disclose the terms of its doxoPLUS subscription before obtaining customers' payment information, a Washington federal judge ruled Thursday, granting the Federal Trade Commission a partial win in its suit accusing the company of duping consumers into paying hidden fees.

  • Trump Cites US AI Lead In Shelving Cybersecurity Directive

    By Allison Grande

    President Donald Trump on Thursday abruptly delayed the planned signing of an executive order to tackle cybersecurity concerns surrounding emerging artificial intelligence models, saying he was worried the proposal to encourage developers to voluntarily share their systems with the government for pre-release testing would impede innovation. 

  • Discover Card 'Misclassification' Deal Worth Up To $1.2B OK'd

    By Hailey Konnath

    An Illinois federal judge Wednesday gave the final green light to a settlement under which Discover Financial Services will pay between $540 million and $1.2 billion to resolve class action allegations it misclassified certain credit card accounts.

  • J&J Used Ellipsis To Nix Asbestos In Report To FDA, Jury Told

    By Craig Clough

    Johnson & Johnson used an ellipsis to eliminate a professor's finding of asbestos in its talc in a report submitted to the U.S. Food and Drug Administration, according to a video deposition shown Thursday to a California jury considering bellwether claims over three women's deadly ovarian cancer.

  • Goldstein Taps Ex-SG Prelogar Before Sentence, Likely Appeal

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    One of the nation's most accomplished oral advocates, Tom Goldstein, revealed Thursday he has retained another of the nation's most accomplished oral advocates, Elizabeth Prelogar, ahead of his sentencing and likely appeal in a criminal tax case that has captivated the appellate bar.

  • Live Nation Reaches Deal With Families Of Slain Concertgoers

    By Ben Adlin

    Entertainment giant Live Nation will settle a lawsuit from the families of two concertgoers slain in a 2023 shooting at the Beyond Wonderland music festival, the families announced in a Washington state court filing Wednesday ahead of a trial set to begin June 1.

  • Newsom Order Eyes Labor Protections Amid AI Growth

    By Lauren Berg

    California Gov. Gavin Newsom on Thursday issued what his office called a "first-in-the-nation" executive order aiming to shore up state labor policies in an effort to prepare workers and businesses in the event of mass workforce disruption caused by artificial intelligence.

  • CFTC Makes Prediction Markets Integrity Pact With NHL

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    The National Hockey League and the U.S. Commodity Futures Trading Commission detailed their plans for strengthening oversight of event contracts tethered to the league's games Thursday as fears swirl over insider trading on prediction market sites.

  • BigLaw Deals Scandal Puts Boston Back On White Collar Map

    By Chris Villani

    A sweeping insider trading case involving information stolen from BigLaw firms shows a return to bread-and-butter white collar enforcement for Boston federal prosecutors and provides a morale lift in an office that has seen shifting priorities and staff turnover since the signature "Varsity Blues" takedown in 2019, veteran prosecutors told Law360.

  • Meta, Others Settle Bellwether School Case Set For June Trial

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    Meta Platforms Inc., Snap Inc., TikTok Inc. and YouTube have each agreed to settle a bellwether school district's claims in social media addiction multidistrict litigation that were set for a six-week California federal jury trial beginning June 12, according to the Kentucky school district's counsel.

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Latest News

  • Estée Lauder, Spanish Beauty Co. Puig End Merger Talks
  • Latham, PedersoliGattai Lead Funds In €10.7B Recordati Bid
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  • Citron Founder's Tweets Impacted Stock Prices, LA Jury Told
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  • Citron Founder's Tweets Impacted Stock Prices, LA Jury Told
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  • Social Media Not Proven To Harm Mental Health, Judge Told
  • 7th Circ. Weighs If Abbott Warning Would Change NEC Care
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  • Toxicologist Denies J&J Wanted To 'Control' Talc Study
  • Ex-One Sotheby's Agent Gets 21 Months In $3.7M Condo Theft
  • Marlboro Smoker Was Victim Of Ubiquitous Ads, Jury Hears
  • Comic Gets Serious About Mom's Cancer At J&J Talc Trial
 
 
 

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    Though Hikma v. Amarin appears to be a patent dispute that could reshape inducement doctrine in the pharmaceutical context, oral arg... (read more)
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