Top Stories

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  SEC Proposes Expanding Private Market Access

  By Jessica Corso

  The U.S. Securities and Exchange Commission on Wednesday issued proposals targeting funds and fund advisers whil...(read more)

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  Hormel Inks $1B Brakebush Deal In Long-Term Chicken Play

  By Al Barbarino

  Hormel Foods said Wednesday it has agreed to purchase a Wisconsin supplier of processed chicken to food-service ...(read more)

• Newsom Signs New AI Worker Protections, Atty Limits

  By Lauren Berg

  California Gov. Gavin Newsom on Wednesday signed a slate of laws aimed at placing guardrails on artificial intelligence, including protecting workers from job losses, limiting its use in the practice of law and strengthening safeguards against deepfakes.

• 9th Circ. Judges Doubt X's Claims Against Anti-Hate Group

  By Dorothy Atkins

  Ninth Circuit judges appeared skeptical Wednesday of X Corp.'s bid to revive claims against two nonprofits for scraping tweets to study online hate speech, with one judge questioning X's contract damages claim and another doubting that the nonprofits could be held liable for publishing true information.

• 'Numerical Mumbo Jumbo': Gogo Escapes $22.7M IP Damages

  By Rae Ann Varona

  A federal judge Wednesday undid a damages award of roughly $22.7 million against Gogo Business Aviation for infringing four patents held by rival in-flight Wi-Fi company SmartSky Networks, saying SmartSky had leaned on "numerical mumbo jumbo" in its damages case before a Delaware jury.

• DraftKings Uses AI To Exploit Losing Bettors, Suit Alleges

  By Lauren Berg

  DraftKings weaponizes artificial intelligence to identify vulnerable gamblers who tend to lose and then deploys promotions enticing those gamblers to place more bets to increase the house's revenue, according to a proposed class action filed Wednesday in Massachusetts federal court.

• Fed. Circ. Spurns Partial ParkerVision Appeal In Patent Suit

  By Theresa Schliep

  The Federal Circuit on Wednesday found that it couldn't consider ParkerVision's challenge to a lower court's construction of some patent claims in its suit against Qualcomm while others from the same patent remain undecided, saying courts can't enter final judgments in such situations.

• 3rd Circ. Topples Materiality Rule For Securities Suits

  By Carla Baranauckas

  The Third Circuit on Wednesday revived a securities fraud class action against pharmaceutical company Ocugen Inc., scrapping a decades-old circuit rule that treated a stock price's failure to move after a corrective disclosure as conclusive proof that an alleged misstatement was immaterial.

• 11th Circ. Skeptical Of PACE Lenders' CFPB Rule Challenge

  By Jon Hill

  An Eleventh Circuit panel on Wednesday appeared poised to reject an industry challenge to Biden-era Consumer Financial Protection Bureau rules for providers of property-assessed clean-energy loans, repeatedly questioning claims that the agency overstepped its authority.

• Ga. Judge Must Justify No Sanctions In Alice-Doomed IP Case

  By Dani Kass

  The Federal Circuit on Wednesday ordered a Georgia federal judge to explain why it wasn't appropriate to sanction Epic Tech LLC when there were three major signs the patent it asserted against Pen-Tech Associates Inc. was invalid.

• 3rd Circ. Calls Westlaw AI Fight 'Ordinary Copyright Case'

  By Ivan Moreno

  The Third Circuit said the first appellate fight over artificial intelligence training and fair use ultimately came down to an "ordinary copyright case," affirming that Ross Intelligence infringed Thomson Reuters' Westlaw headnotes when it used them to train a competing legal research platform.

• NY DA: Construction Exec Offered 'Quid Pro Quo' To Atty

  By Frank G. Runyeon

  The Manhattan District Attorney's Office seized the phone of The Rinaldi Group's managing director as part of a criminal investigation into allegations that he proposed a "quid pro quo" to a defense attorney representing another longtime TRG executive in a bribery case, a prosecutor has told a state court judge.

• Amazon, Investor Clash Over Del. Forum Limits On Records

  By Jarek Rutz

  Amazon.com Inc. and a stockholder seeking company records clashed before the Delaware Supreme Court on Wednesday over whether the investor should be restricted to using those documents in Delaware litigation, with the stockholder arguing the condition is too broad and Amazon saying it protects against duplicative lawsuits in multiple courts.

• FCC Eases Federal Enviro Reviews Of Broadband Projects

  By Christopher Cole

  The Federal Communications Commission voted Wednesday to substantially pare back environmental impact reviews of broadband deployment projects.