Top Stories

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  Kalshi Sports Offerings Appear On Shaky Ground At 6th Circ.

  By Alex Lawson

  A Sixth Circuit panel looked askance at Kalshi's push to have its sports event contracts shielded from state gam...(read more)

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  3 Firms Steer NYSE Owner ICE's $6B MarketAxess Deal

  By Al Barbarino

  The parent company of the New York Stock Exchange announced Thursday it has agreed to acquire MarketAxess Holdin...(read more)

• Ex-Greenberg Traurig Atty Named Acting Patent Commish

  By Hailey Konnath

  A former principal shareholder at Greenberg Traurig LLP has been promoted to acting commissioner for patents at the U.S. Patent and Trademark Office, according to his LinkedIn profile.

• Del. Chancery Axes Student Loan Co. 'Unfair' Lender Deal Suit

  By Katryna Perera

  A Delaware vice chancellor has dismissed, with prejudice, a stockholder lawsuit seeking to block new "highly dilutive" borrowing from the top lenders and shareholders of international student loan provider MPower Financing PBC, finding that the statutory safe harbor provision of Delaware corporation law protects the transaction, which will hand control of the company to two hedge funds.

• 8th Circ. Agrees Chartreuse Color Can't Save Hose Maker's TM

  By Elliot Weld

  The Eighth Circuit on Thursday declined to revive a trademark that was asserted in a case brought by a water hose manufacturer against a competitor, agreeing with a federal judge who ruled the chartreuse color of the hoses was a functional feature and therefore invalidated the trademark.

• Ease Broadband Buildout To Fuel AI Boom, Lawmakers Urged

  By Christopher Cole

  Lawmakers must put an end to delays in broadband deployment and renew a federal cybersecurity statute if they hope to feed the artificial intelligence boom while curtailing safety concerns, U.S. senators heard Thursday.

• WDTX Jury Awards $1.5M In Lighting Patent Retrial

  By Adam Lidgett

  A Texas federal jury has awarded Chinese company Jiaxing Super Lighting almost $1.5 million in damages from rivals found to have infringed an LED tube lamp patent, a year after the Federal Circuit ordered a new trial.

• 2nd Circ. Revives Decongestant 'Maximum Strength' Claims

  By Mike Curley

  The Second Circuit on Thursday revived claims in multidistrict litigation alleging makers of oral decongestants misled consumers by labeling their products as "maximum strength," while finding the bulk of the remaining claims were preempted by federal regulation.

• Covidien Hid Mesh Risks, Bellwether Jury Told As Trial Ends

  By Carolyn Muyskens

  Counsel for an Alabama man told a Massachusetts federal jury Thursday that Covidien LP failed to adequately warn doctors about the risks of complications from a hernia mesh implant, closing out the first bellwether trial among thousands of cases pending against the Medtronic unit.

• XAI Can't Unmask Jane Does In Deepfake Suit, Judge Says

  By Gina Kim

  A California federal judge on Thursday declined to order a group of women suing xAI Corp. over Grok-generated deepfakes of them in sexual situations to reveal their identities and allowed them to proceed pseudonymously, finding their fears of threatened harm and retaliation from having to disclose their real names were reasonable.

• Simpson Thacher Trial Hears Of 'Grave Risk' In PIPE Deals

  By Madison Arnold

  An attorney who is an expert in private investment in public equity transactions told a Florida jury hearing a malpractice case against Simpson Thacher & Bartlett LLP on Thursday that companies that enter into an agreement similar to the one Patriot National Inc. did take on "grave risk."

• PE-Backed Jersey Mike's Makes Public Debut After $1B IPO

  By Jade Martinez-Pogue

  Private equity-backed sandwich chain Jersey Mike's hit the public markets Thursday after raising $1 billion in its initial public offering steered by Simpson Thacher & Bartlett LLP and Davis Polk & Wardwell LLP.

• 9th Circ. Rules 401(k) Plan Arbitration Clause Unenforceable

  By Kellie Mejdrich

  A split Ninth Circuit panel refused Thursday to force individual arbitration of a former asset management company worker's proposed class action alleging 401(k) self-dealing, ruling that an arbitration provision in retirement plan documents was unenforceable because it sought to nullify rights guaranteed by federal benefits law.

• DA Says Trump's NY Hush Money Conviction Must Stand

  By Frank G. Runyeon

  New York prosecutors told a state appellate court that President Donald Trump's 34-count felony conviction for falsifying business records is "unaffected" by the U.S. Supreme Court's watershed presidential immunity decision and should be upheld.