Top Stories

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  M&A Atty, Others Deny Roles In BigLaw Insider Trading Ring

  By Carolyn Muyskens

  Fifteen defendants, including an ex-Goodwin Procter LLP associate, pled not guilty Monday to participating in an...(read more)

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  Florida AG Sues OpenAI, Says ChatGPT Is Aiding Violence

  By David Minsky

  Florida Attorney General James Uthmeier announced Monday that his office is suing OpenAI and CEO Sam Altman, say...(read more)

• SEC Defends Deal Over Musk's Late Twitter Buy-Up Disclosure

  By Lauren Berg

  The U.S. Securities and Exchange Commission on Monday defended its settlement with Elon Musk over his initial purchase of Twitter stock in 2022, saying the deal was not the result of collusion, after the D.C. federal judge overseeing the case questioned whether Musk was getting special treatment.

• Ala. Redistricting Fight Tests Justices' Voting Rights Ruling

  By Katie Buehler

  Alabama officials and Black voters have asked the U.S. Supreme Court to decide if an order requiring the state to hold this year's elections under a court-drawn map that gives Black voters a chance to elect two preferred congressional candidates constitutes a "roadmap for evading" or a faithful application of the high court's recent Voting Rights Act ruling.

• 'We Wouldn't Be Alive' If Talc Could Reach Ovaries, Jury Told

  By Craig Clough

  A University of California San Diego gynecologic oncologist told a California jury Monday in a bellwether trial over claims that Johnson & Johnson's talc products caused three women's deadly ovarian cancer that women and girls "wouldn't be alive" if talc could easily migrate to the ovaries because they'd be dying from sepsis.

• DC Circ. Says Military Trans Ban Flouts Constitutional Rights

  By Bonnie Eslinger

  A divided D.C. Circuit panel Monday said the Trump administration illegally banned transgender individuals from military service, then narrowed a preliminary injunction to prevent the government's exclusion of transgender people presently serving in the military but not those desiring to enlist.

• Ill. Swipe-Fee Law Blocked For Most Banks, Slated For Delay

  By Jon Hill

  A Chicago federal judge ruled Monday that Illinois cannot enforce its landmark ban on tax-and-tip swipe fees against most banks, handing the banking industry a major legal win the same day that state lawmakers voted separately to delay the ban altogether until next year.

• Anthropic Confidentially Files IPO Plans

  By Lauren Berg

  Artificial intelligence giant Anthropic announced Monday that it had confidentially submitted a proposed initial public offering to the U.S. Securities and Exchange Commission, just days after it hit a post-money valuation of $965 billion after securing $65 billion of investor commitments in its massive Series H funding round.

• Justices To Probe Habeas Route In Latest First Step Act Case

  By Phillip Bantz

  The U.S. Supreme Court agreed Monday to resolve a circuit split over whether prisoners may seek early release under the First Step Act through habeas petitions, taking up the appeal of a former Texas lawyer who was convicted in a Mafia takeover scheme of a mortgage loan company.

• Berkshire Hathaway To Take Taylor Morrison Private For $8.5B

  By Al Barbarino

  Berkshire Hathaway Inc. has agreed to take homebuilder and developer Taylor Morrison Home Corp. private at a total enterprise value of about $8.5 billion, the companies announced Sunday.

• People Inc. Offers To Buy Rest Of MGM At $18B Valuation

  By Al Barbarino

  People Inc. said Monday that it has submitted a nonbinding proposal to acquire the remaining shares of MGM Resorts International it does not already own, saying the market "materially undervalues the power and durability of MGM's assets."

• Atty-Client Privilege Shields Bias-Testing Data In Workday Suit

  By Grace Elletson

  Workday won't be required to hand over bias-testing data in a suit claiming the company's artificial intelligence-powered software unlawfully discriminated against job applicants, after a California federal judge ruled that the information is protected by attorney-client privilege.

• Justices Won't Hear Challenge To 'Texas Two-Step' Ch. 11

  By Rick Archer

  The U.S. Supreme Court on Monday said it won't hear a challenge by asbestos claimants to the "Texas two-step" bankruptcy of Georgia-Pacific spinoff Bestwall.

• Justices Skip CareDx's Bid To Revive $45M False Ad Award

  By Ivan Moreno

  The U.S. Supreme Court on Monday declined to take up a challenge to a Third Circuit decision that wiped out a nearly $45 million false advertising award against Natera Inc., preserving a ruling that said proof of actual consumer deception is required to support damages.