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Merck had accused Gilead of infringing two patents on the hepatitis C drugs Sovaldi and Harvoni, which had combined sales of $19.1 billion in 2015. (AP)

Fed. Circ. Says Merck Atty's Lies Doomed $200M Patent Win

The Federal Circuit upheld a decision wiping out a $200 million patent verdict Merck won against Gilead concerning hepatitis C drugs, agreeing Wednesday that "dishonest and duplicitous" behavior by a Merck in-house attorney barred the drugmaker from asserting the patents.

  • Michael Cohen To Plead 5th In Stormy Daniels Case

    President Donald Trump’s embattled longtime personal attorney Michael Cohen said in California federal court filings Wednesday that he plans to plead the Fifth Amendment in adult film star Stormy Daniels’ lawsuit against his client, citing an ongoing criminal investigation related to the FBI’s raids on his home and office earlier this month.

  • ICE Agents Crash Court To Detain Student, Upsetting Judge

    United States immigration agents sat in the back of a Boston courthouse Wednesday as an international student who has admitted visa fraud and is seeking asylum was being sentenced, and detained her when she left the building, upsetting a federal judge who condemned U.S. Immigration and Customs Enforcement’s rare encroachment on the courts

  • Thiel Reaches Pact Not To Buy Gawker Assets, Avoids Claims

    Billionaire Peter Thiel has agreed to drop his pursuit of purchasing what remains of defunct news gossip site Gawker after reaching an agreement with Gawker’s Chapter 11 plan administrator that frees Thiel from potential claims for bankrolling litigation that gutted the company.

  • Facebook Investor Sues Over Cambridge Analytica Cover-Up

    Fallout over the Cambridge Analytica scandal continued Wednesday when a Facebook investor hit the social media giant’s leadership with a stockholder derivative suit in Delaware’s Chancery Court, seeking “extraordinary equitable relief” on claims that founder Mark Zuckerberg and the company’s top brass breached their fiduciary duty by hiding the scandal.

  • Senate Dems Grill Trump Nominee For 5th Circ. Seat

    Democrats on the Senate’s Judiciary Committee on Wednesday grilled Texas Gov. Greg Abbott’s general counsel Andrew S. Oldham, nominee to the Fifth Circuit Court of Appeals, over his record defending the state.

  • FTC Accuses LendingClub Of Deceptive 'No Hidden Fees' Ads

    The Federal Trade Commission sued online lender LendingClub Corp. in California federal court Wednesday for allegedly luring prospective borrowers with promises of "no hidden fees” and then taking a hidden, initial, often $1,000-plus “origination fee” from the loan amount.

  • Wilmington Trust Loan Cover-Up Case Goes To Del. Jury

    A federal jury in Delaware took up criminal charges Wednesday against four Wilmington Trust Corp. executives accused of conspiring to hide hundreds of millions of dollars in bad loans, after a prosecutor said in closing that the case focused on false statements and disclosures.

  • Justices Cautious To Tread On Trump's Power Over Travel Ban

    The U.S. Supreme Court heard arguments Wednesday over the third version of President Donald Trump's travel ban, with the justices appearing skeptical of the state of Hawaii's assertion that the president overstepped his statutory immigration powers.

  • Tobacco Cos. Settle Long-Running Health Warning Dispute

    Major tobacco companies and the federal government on Wednesday told a D.C. federal judge they have agreed on language for “corrective statements” on tobacco product websites and packaging, ordered more than a decade ago to remedy misleading statements by the companies.

  • Ex-UBS Trader Acquitted Of Spoofing Scheme

    A New Haven federal jury on Wednesday acquitted a former UBS trader accused of scheming to manipulate the precious metals futures market with “spoofing,” a trading tactic that involves the use of allegedly deceptive bids or offers to feign the appearance of supply or demand.

  • DACA Program Rescission Unlawful, DC Judge Rules

    A D.C. federal court Tuesday ruled that the Trump administration’s plan to end the Deferred Action for Childhood Arrivals program was unlawful and must be set aside, requiring the government to accept new applicants.

  • FCA Investigator Disputes Boss' Statements In Libor Case

    An investigator for the U.K. Financial Conduct Authority testified in a marathon hearing in Manhattan federal court Tuesday that his boss at the financial regulator seems to have made a misrepresentation in the case of two former Deutsche Bank traders accused of rigging the London Interbank Offered Rate.