Top Stories

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  SDNY US Atty Jay Clayton Picked For DNI After Pulte Pushback

  By Courtney Bublé

  President Donald Trump announced on Thursday he's nominating Jay Clayton, U.S. attorney for the Southern Distric...(read more)

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  Justices Curb Private Lawsuits Against Investment Funds

  By Jessica Corso

  The U.S. Supreme Court on Thursday said that private parties do not have the right to void contracts that allege...(read more)

• Meta Must Face Porn Studio's IP Suit Over AI Training

  By Rae Ann Varona

  Meta Platforms Inc. can't toss a porn studio's copyright infringement suit accusing the social media giant of downloading the studio's films to train generative artificial intelligence models, a California federal judge ruled Thursday, saying the studio's allegations suffice to infer a "coordinated effort" by Meta to gather data.

• OpenAI Hit With Another Suit Claiming ChatGPT Aided Suicide

  By Hailey Konnath

  A Canadian mother on Thursday sued ChatGPT maker OpenAI over her daughter's suicide in California state court, adding to mounting litigation accusing the artificial intelligence tool of encouraging or aiding users in self-harm and suicide.

• North Dakota, DOJ Settle DAPL Case For Verdict Amount

  By Cara Salvatore

  The state of North Dakota announced Thursday it has settled its claims that the federal government failed to control Dakota Access pipeline protesters for $27.8 million, the full amount of an earlier bench verdict.

• Meta Beats Investors' Suit Over AI-Powered Facebook Scams

  By Bonnie Eslinger

  A California federal judge tossed a proposed class action alleging that Meta's AI tools enabled investment schemes advertised on Facebook, finding Thursday that his own earlier ruling means that the plaintiffs' state claims are barred under federal securities law.

• Corteva Strikes $85M Deal In Farmer Pesticide Antitrust MDL

  By Craig Clough

  A group of farmers have asked a North Carolina federal judge to preliminarily approve an $85 million settlement with Corteva Inc. to resolve antitrust claims that the company used loyalty rebate programs to artificially extend their patent monopolies over certain pesticides. 

• SEC Proposes Rescinding Trade-Through Rule

  By Sarah Jarvis

  The U.S. Securities and Exchange Commission on Thursday proposed rescinding its rule preventing exchanges from executing trades at lower prices than the best displayed price available on other exchanges, with SEC Chairman Paul Atkins calling the measure "a grave misstep."

• Paxton's ActBlue Suit Blocked As Retaliatory By Mass. Judge

  By Carolyn Muyskens

  A Massachusetts federal judge on Thursday blocked Texas Attorney General Ken Paxton's fraud lawsuit against Democratic fundraising platform ActBlue, citing evidence that Paxton targeted the organization because of its role supporting his political opponent in a U.S. Senate race. 

• RJ Reynolds-Led ITC Vape Probe To Continue, Fed. Circ. Says

  By Jack McLoone

  A U.S. International Trade Commission investigation into R.J. Reynolds Tobacco Co.'s claims that importers are skirting restrictions on vapes will continue after a Federal Circuit panel on Thursday rejected a petition to kill the probe, finding it lacked appropriate backing.

• 3rd Circ. Asks How Legal Tech AI Tool Differed From Westlaw

  By Ivan Moreno

  A Third Circuit panel grilled ROSS Intelligence's attorney Thursday over whether the defunct legal tech startup's use of Westlaw headnotes to train an artificial intelligence-powered legal research tool was truly transformative, repeatedly asking counsel to explain how the product differed from Westlaw.

• B. Riley Buyout Suit Nears $4.35M Settlement

  By Jarek Rutz

  A proposed $4.35 million settlement would end a Delaware Chancery Court stockholder suit accusing former National Holdings Corp. Chairman and CEO Michael Mullen of breaching his fiduciary duties in connection with the company's 2021 sale to B. Riley Financial Inc., according to papers filed Wednesday.

• 3 Firms Guide $5.1B Dana, Eaton Mobility Auto Supplier Deal

  By Al Barbarino

  Dana Inc. and Eaton Corp. said Thursday that they will combine Eaton's mobility business with Dana in a $5.1 billion transaction, creating a global vehicle supplier with more than $10 billion in enterprise value and about $11 billion in annual revenues.

• 3 Firms Guide AI Power Provider ZincFive's $752M SPAC Deal

  By Nate Beck

  ZincFive, a company providing nickel-zinc batteries for data center and artificial intelligence markets, said Thursday it will go public using a special purpose acquisition company merger valuing the enterprise at $752 million, advised by Cooley LLP, Wilson Sonsini Goodrich & Rosati PC and Latham & Watkins LLP.