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House leaders tout an earlier version of the bill in March. (AP)

4 Key Takeaways As CBO Scores Revised ACA Repeal Bill

The Congressional Budget Office on Wednesday predicted that Republican legislation largely repealing the Affordable Care Act would destabilize many insurance markets and put comprehensive health insurance out of reach for many Americans. Here are four takeaways from the CBO’s eagerly awaited forecast.

  • Jury Hands UC Berry IP Win, But Judge Slams Both Sides

    A California federal jury found largely in favor of the University of California Davis on Wednesday in a suit claiming two professors stole intellectual property from its strawberry breeding program in launching their rival company, but the presiding judge said “both sides are to blame,” because the university failed to plan the strawberry program’s future.

  • BNP Paribas Pays $350M To Settle NY Currency Probe

    French bank BNP Paribas was fined $350 million by the New York State Department of Financial Services for lax oversight in its foreign-exchange business that allowed “nearly unfettered misconduct” by more than a dozen employees involved in exchange rate manipulation, officials announced Wednesday.

  • DC Circ. Digs Deep On CFPB Constitutionality

    The D.C. Circuit plunged headlong into questions swirling around the Consumer Financial Protection Bureau’s leadership structure in high-stakes litigation brought by a mortgage servicer seeking to overturn a $109 million judgment from the bureau.

  • Mayer Brown Partner Confirmed As State Deputy Secretary

    U.S. Secretary of State Rex Tillerson will soon have his top deputy, after a Senate vote Wednesday confirmed Bush administration veteran and Mayer Brown LLP partner John Sullivan to the post.

  • Feds Tell High Court To Rule On State Securities Suits

    The acting solicitor general told the U.S. Supreme Court on Tuesday to take up Cyan's petition over whether shareholders can bring claims over initial public offerings in state court, saying the issue has created "substantial confusion" in lower courts that is unlikely to be resolved soon.

  • 5 Charged With Securities Fraud In CMS Reimbursement Leak

    Three partners at hedge fund Deerfield Management Corp., a consultant and an employee at the Centers for Medicare & Medicaid Services were accused by New York federal prosecutors on Wednesday of sharing and profiting from the government’s confidential plans to lower what it would pay for certain health care treatments.

  • Uber Says It Underpaid NYC Drivers, But Will Refund Them

    Uber Technologies Inc. has been mistakenly underpaying New York City drivers since late 2014, an error that will likely cost the company tens of millions of dollars as it refunds all drivers who took at least one trip since then, Uber said Wednesday.

  • Fox News Blasts Cyberstalking Claim In Bid For Sanctions

    Former Fox News personality Andrea Tantaros’ claims she was cyberstalked by network agents should be tossed and her attorney punished for accusing the network of criminal activity when “minutes” of investigation would have revealed the accusations were baseless, the network told a New York federal court Wednesday.

  • Solicitor Gen. Urges Justices To Reject NJ Sports Betting Case

    The acting U.S. solicitor general urged the U.S. Supreme Court on Tuesday to not hear New Jersey’s challenge to a 25-year-old federal law that prohibits states from authorizing sports betting, dealing a blow to the state’s latest attempt to circumvent the statute on constitutional grounds.

  • Saul Ewing In Merger Talks To Create 400-Attorney Firm

    Saul Ewing LLP and Arnstein & Lehr LLP are in merger talks, the firms confirmed Wednesday, discussing a tie-up that would create a more than 400-attorney law firm with offices in nine states and the District of Columbia.

  • State AGs Announce $33M Deal With J&J Over OTC Drugs

    More than 40 state attorneys general on Wednesday announced they have reached a $33 million settlement with Johnson & Johnson and its subsidiary McNeil-PPC Inc. over misrepresentations made regarding the manufacturing practices of common, over-the-counter drugs that had to be recalled, including some children’s medicines.

  • Trump Hires Kasowitz As Counsel In Russia Probe: Reports

    President Donald Trump has tapped his longtime attorney Marc Kasowtiz, a founder and managing partner of Kasowitz Benson Torres LLP, to represent him during an investigation into purported Russian government interference in the 2016 presidential election, according to multiple news reports Tuesday.

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In This Patent Hotspot, Bow Ties Mean Business

By Matt Chiappardi

A wave of patent suits is likely heading to a place where judges could be mistaken for professors, posturing is anathema, and out-of-towners have much to learn. (Editor’s note: This article was first published in March.)

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