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  Skadden, Sidley Advise On Sompo's $3.5B Aspen Acquisition

  By Al Barbarino

  Japanese insurer Sompo Holdings has agreed to acquire Aspen Insurance Holdings Ltd. for $3.5 billion in cash, wi...(read more)

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  OpenAI, ChatGPT Blamed In Suit Over Calif. Teen's Suicide

  By Hailey Konnath

  The parents of a California teenager who died by suicide earlier this year filed a wrongful death suit in Golden...(read more)

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• US Hits India With 50% Tariff For Buying Russian Oil

  By Kevin Pinner

  The U.S. began imposing a 50% tariff Wednesday on most goods from India, doubling the previous rate that President Donald Trump linked to the country's purchases of oil from Russia, according to a notice by U.S. Customs and Border Protection.

• Jailed Pastor Cites Adams Dismissal In Bid To Beat Charges

  By Pete Brush

  A clergyman serving a nine-year sentence for fraud cited his ties to New York City Mayor Eric Adams on Wednesday in a bid to have his conviction overturned in the wake of the Trump administration's dismissal of the charges against Adams.

• FERC Approves $38M Deal To End Market Manipulation Case

  By Keith Goldberg

  The Federal Energy Regulatory Commission on Wednesday approved a settlement in which Vistra Corp. will pay $38 million to end litigation accusing affiliate Dynegy Inc. of manipulating electricity capacity auction rules in 2015, which led to consumers being unjustly overcharged.

• Bär & Karrer-Led Advent Tables $1.3B Bid For Chipmaker

  By Tom Fish

  U.S. private equity firm Advent International said Wednesday it has made a public tender offer to acquire chipmaker U-blox Holding AG for 1.03 billion Swiss francs ($1.27 billion) to capture a player in the growing technology sector.

• Joseph Nocella Jr. Appointed US Attorney For EDNY

  By Rae Ann Varona

  Joseph Nocella Jr. on Tuesday was reportedly appointed as the U.S. attorney for the Eastern District of New York, having served as the district's interim top prosecutor since early May.

• Delta To Pay LA Residents $79M For Dumping Fuel On Them

  By Dorothy Atkins

  Delta Air Lines Inc. and a certified class of Angelenos urged a California federal judge to vacate his summary judgment ruling and preliminarily approve their $78.75 million deal under which class counsel would receive up to $26 million to end consolidated litigation over a 2020 jet fuel dumping incident.

• AI Copyright Licensing Is Helping To Fuel Tech's Evolution

  By Ivan Moreno

  While courts wrestle with fair use questions around artificial intelligence training, legal experts say the growing number of licensing deals between tech companies and copyright owners is setting market norms for accessing the troves of content needed across rapidly evolving AI applications.

• Fed. Circ. Backs Original Filer In First-Ever Derivation Ruling

  By Dani Kass

  The Federal Circuit clarified the differences between derivation and interference proceedings on Tuesday while affirming that a podiatrist didn't derive his wound treatment patent application from a former collaborator.

• Artist Seeking Copyright Of AI Image Equates Use To Cameras

  By Elliot Weld

  A Colorado man who used artificial intelligence to create an image that won an art award at a state fair told a federal judge that he should be allowed to copyright the image just as those who used technology such as cameras and cellphones had been allowed to copyright their works.

• 3rd Circ. Says Tossing Undated Mail Votes Is Unconstitutional

  By Matthew Santoni

  The Third Circuit ruled Tuesday that Pennsylvania discarding mail-in ballots with missing or incorrect dates violates voters' constitutional rights, reasoning that preventing the loss of votes outweighed any claimed benefits of enforcing the state's date requirement.

• Japanese Newspapers Sue Perplexity AI Over Content Use

  By Elliot Weld

  Two large Japanese newspapers said Tuesday they are suing Perplexity AI Inc., alleging the company ignored their ban on unauthorized use of their content by running a generative artificial intelligence model that spits out copyrighted material.

• Fed's Lisa Cook Preps Lawsuit Over Trump Firing

  By Sarah Jarvis

  Federal Reserve Gov. Lisa Cook is preparing to file a lawsuit over President Donald Trump's announcement that she has been terminated from her position, allegedly for committing mortgage fraud, her lawyer said Tuesday.