Top Stories

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  Legal Industry Continued Job Growth In January

  By Sarah Martinson

  Despite recession worries and law firm layoffs, employment in the legal industry is continuing to grow, with the...(read more)

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  SEC Fines Activision $35M Over Whistleblower Claims

  By Jessica Corso

  The U.S. Securities and Exchange Commission announced Friday that Activision Blizzard Inc., the company behind p...(read more)

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• Judge: FTC Didn't Show Potential Harm From Meta VR Deal

  By Bryan Koenig

  The Federal Trade Commission lost its initial challenge to Meta's purchase of virtual reality fitness app maker Within Unlimited because the agency failed to show the company was genuinely likely to enter the space without the deal, a California federal judge said in a ruling unsealed Friday.

• Target Of Del. Funding Probe Seeks Pause For High Court Bid

  By Ryan Boysen

  Nimitz Technologies — an alleged stalking horse for so-called patent troll IP Edge — plans on going to the U.S. Supreme Court to fight a Delaware federal judge's headline-grabbing "inquisition" into its business practices, asking an appeals court to freeze that investigation until it files with the justices.

• YouTuber Logan Paul Slapped With Crypto 'Rug Pull' Suit

  By Aislinn Keely

  A Texas investor of YouTube star Logan Paul's failed crypto gaming project is suing the influencer and his team for millions of dollars in damages for an alleged "rug pull."

• Split 9th Circ. Says Xerox's OT Arbitration Bid Came Too Late

  By Irene Spezzamonte

  A divided Ninth Circuit panel ruled Friday that a recent U.S. Supreme Court decision only scrapped the prejudice requirement from the circuit's arbitration waiver test, saying a Xerox unit waived its right to compel arbitration of class overtime claims by litigating the dispute for 10 years.

• Former SEC Chair Clayton Backs Slack At High Court

  By Jessica Corso

  The U.S. Supreme Court should throw out an investor lawsuit challenging statements made by Slack Technologies LLC ahead of its New York Stock Exchange debut if it wants to avoid a "radical judicial rewrite" of the laws governing newly public companies, former U.S. Securities and Exchange Commission Chair Jay Clayton said Friday.

• Entity At Center Of FTX-BlockFi Dispute Files For Ch. 11

  By Rick Archer

  The liquidators of the entity at the center of a dispute between bankrupt cryptocurrency players FTX and BlockFi Inc. over $590 million in stock filed for Chapter 11 protection Friday in Delaware bankruptcy court, saying it was the best way to handle the competing claims to its assets.

• Google's Antitrust Trouble Is Piling Up

  By Matthew Perlman

  The U.S. Department of Justice's Jan. 24 suit seeking to break up Google's advertising business adds to a mountain of antitrust litigation already targeting the tech giant. In addition to federal enforcement, Google is also facing cases from dozens of state-level enforcers, as well as from developers, advertisers and consumers, all accusing it of monopolizing various digital markets.

• House GOP Issues First Subpoenas To Biden Admin.

  By James Arkin

  House Judiciary Committee Chairman Jim Jordan issued his first subpoenas of Biden administration officials Friday, demanding documents concerning the administration's warnings about and responses to harassment and threats against school officials, which Republicans have castigated as intimidation of parents.

• Ill. Justices' Focus On Legislators' Intent Divides BIPA Bar

  By Lauraann Wood

  The Illinois Supreme Court's decision that plaintiffs have five years to bring biometric privacy claims came as little surprise to most court watchers, but the ruling gave key insight into the weight justices place on legislative history and offered a potential salve for companies hoping to trigger insurance coverage.

• Calif. Federal Judge Orders Release Of Medical Pot Operator

  By Sam Reisman

  A man convicted of running a California medical marijuana operation and sentenced to over two decades in federal prison is expected to walk free on Friday after a federal judge granted a motion to reduce his sentence.

• Ex-Navy Captain Gets 30 Months In 'Fat Leonard' Bribe Case

  By Ivan Moreno

  A retired U.S. Navy captain who pled guilty to a bribery charge in the wide-ranging "Fat Leonard" scandal has been sentenced to 30 months in prison.

• DC Circ. Reverses PayPal Fee Disclosure Win In CFPB Suit

  By Jess Krochtengel

  The D.C. Circuit on Friday reversed on narrow grounds a PayPal Inc. win over Consumer Financial Protection Bureau rules requiring fee disclosures associated with digital wallets, sending the case back to the trial court for PayPal to continue other lines of attack on the rule.