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By Lauren Berg
Abbott Laboratories announced Thursday that it has agreed to pay about $670 million to partially resolve ongoing litigation alleging its specialty baby formula caused premature babies to suffer a disabling intestinal condition.
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By Al Barbarino
Mitsubishi Electric Corp. said Thursday it has agreed to acquire U.S. energy-management software provider PCI En...(read more)
By Courtney Bublé
President Donald Trump announced Thursday he's tapping Jesus Osete, a top U.S. Department of Justice official, t...(read more)
By Rae Ann Varona
Music mogul Jay-Z's counsel fought uphill Thursday to convince a California state appeals court to revive claims that Texas attorney Tony Buzbee defamed and extorted him by roping him into a sexual abuse suit against Sean "Diddy" Combs, arguing in court that a trial court erroneously read evidence in Buzbee's favor.
By Cara Salvatore
The Instagram executive responsible for the algorithm kicked off Meta's defense case Thursday over Tennessee's claims it concealed harm to youths' mental health, testifying the company's efforts to protect children also protect its bottom line.
By Allison Grande
A Florida federal judge has granted certification to a main class and three subclasses in litigation accusing Zumba Fitness LLC of violating the federal Video Privacy Protection Act by divulging information about those who purchased on-demand training videos to Meta Platforms Inc. and others, finding that such disputes are "tailor made" for certification.
By Dorothy Atkins
With trial dark Thursday due to juror illness, a California judge overseeing states' claims that Meta Platforms Inc. hid social media's harms heard arguments over evidence, at one point criticizing Meta's efforts to assert attorney-client privilege and calling the company's in-house lawyer "absolutely wrong" about the appropriate standard.
By Ben Adlin
A unanimous Ninth Circuit panel on Thursday revived Can-Am Fuel Distribution LLC's federal franchise claims against Sinclair Oil LLC and Glovis America Inc., holding the companies' licensing agreements are covered by the Petroleum Marketing Practices Act despite an "unusual variation" in the parties' relationship.
By Linda Chiem
The Eleventh Circuit on Thursday handed Delta Air Lines and Aeromexico a decisive win by vacating a U.S. Department of Transportation order directing them to dismantle their nearly decadelong joint venture, saying the DOT applied a skewed standard and made unsupported findings about the partnership's purported anticompetitive effects.
By Ivan Moreno
The Eleventh Circuit on Thursday upheld a Florida federal judge's refusal to award attorney fees to YouTube after the platform defeated copyright claims accusing it of failing to remove pirated films, finding no abuse of discretion in the lower court's analysis.
By David Minsky
A Florida federal judge on Thursday vacated a ruling that compelled arbitration for proposed class claims alleging that Binance laundered stolen cryptocurrency, after a decision came down from the Eleventh Circuit finding that the individuals who filed their actions didn't have contractual relationships with the exchange.
By Pete Brush
A federal judge in New York sentenced the founder of bankrupt apparel company CaaStle to five years in prison on Thursday after she admitted to deceiving investors about the prospects of her supposed $1.4 billion business to fraudulently raise nearly $300 million.
By Jessica Corso
The U.S. Securities and Exchange Commission said the nation's largest clearing agency was within its rights to block a now-defunct brokerage firm from using its services, but the commission said the broker would no longer have to pay a fine nor be on the hook for attorney fees for appealing the decision.
The agreement by former Walt Disney Co. CEO Bob Iger and venture capitalist Josh Kushner to acquire the Los Angeles Lakers at a record $12.5 billion valuation appeared, at first, to be another example of the seemingly endless rise in professional sports franchise values.
By Caroline Simson
The Ninth Circuit issued a decision last week foreclosing the use of the legal concept that a dispute over the enforcement of an international arbitral award might be better heard elsewhere, contributing to a circuit split that could result in the U.S. Supreme Court finally addressing an issue it has previously eschewed.