Top Stories

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  DOJ Deepens Probe Into Fox's $22B Roku Deal

  By Bryan Koenig

  Fox Corp. and Roku disclosed Wednesday that the U.S. Department of Justice has launched an in-depth probe into F...(read more)

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  Troutman, Wachtell Guide $8.1B IRT-Centerspace REIT Merger

  By Al Barbarino

  Independence Realty Trust Inc. and Centerspace said Wednesday they have agreed to merge in an all-stock deal tha...(read more)

• Nektar CEO Opens Door To Finance Questions In Eli Lilly Trial

  By Bonnie Eslinger

  Nektar Therapeutics failed Wednesday to block evidence of its financial condition from entering into a California federal trial over a failed deal to codevelop its drug Rezpeg with Eli Lilly, after its CEO's testimony on cross-examination prompted the judge to allow the evidence for impeachment purposes.

• Sugar Buyers Want Paul Weiss DQ'd From Price-Fixing MDL

  By Dorothy Atkins

  Hershey, J.M. Smucker and other food makers urged a Minnesota federal judge Tuesday to disqualify Paul Weiss Rifkind Wharton & Garrison LLP from representing Domino Foods in sugar price-fixing multidistrict litigation, arguing the firm is conflicted out because it saw their confidential sugar-purchasing data when it was being considered as plaintiffs' counsel.

• NM Again Hauls Meta To Trial, This Time Over Privacy

  By Cara Salvatore

  The state of New Mexico told a jury Wednesday that Facebook flagrantly misrepresented its privacy practices, including the one that let Cambridge Analytica harvest the data of 87 million mostly nonconsenting users, as the state goes to trial against the company for the third time in seven months.

• Meta's 'Fanciful' AI Training Disclosures Leave Judge Doubtful

  By Dorothy Atkins

  A California federal judge appeared skeptical Wednesday that Meta Platforms Inc. had identified all magazines used to train its artificial intelligence tool after copyright plaintiffs pointed out Meta disclosed only nine issues spanning a 17-year period, telling Meta's counsel during a hearing that the likelihood Meta used only nine issues "seems rather fanciful to me."

• Fed. Circ. Eyes PTAB Cases That May Sink $445M Netlist Win

  By Ryan Davis

  A $445 million verdict against Micron Technology Inc. for infringing two Netlist Inc. computer memory patents hung in the balance Wednesday, as a Federal Circuit panel questioned Netlist's arguments that the Patent Trial and Appeal Board wrongly found claims in both patents invalid.

• Ex-Nikola CEO's Pardon Doesn't Let Him Beat Investor Suit

  By Katryna Perera

  The presidential pardon Nikola founder Trevor Milton received for his criminal conviction on securities fraud charges does not bar him from facing similar civil claims alleging he and the electric-vehicle startup exaggerated the viability of the company's prospects, an Arizona federal judge ruled.

• Mo. Voters Ask High Court To Sort Out 'Irreconcilable' Rulings

  By Katie Buehler

  Voters opposed to Missouri's newly drawn congressional map that favors Republicans in the midterms asked the U.S. Supreme Court on Wednesday to lift a federal judge's order requiring state election officials to use the challenged map, which the Missouri Supreme Court deemed invalid without voter approval.

• Widow Sues Amazon Over Miami Cargo Plane Runway Crash

  By Linda Chiem

  The widow of a man killed when an Amazon cargo plane overran a runway at Miami International Airport and plowed into vehicles accused the company and its cargo airline partners of knowingly operating a plane that was "unfit for service," according to a state court lawsuit filed Wednesday.

• Judge Denies Validity Redo After $38M Verdict Partly Revived

  By Dani Kass

  Bottler Shibuya Hoppmann and dairy company HP Hood are not entitled to a new trial on the validity of Steuben Foods' bottle sterilization patents after the Federal Circuit partly revived a $38 million infringement verdict against them, a Delaware federal judge said Wednesday.

• DOJ Says Berkeley Law Is Racially Biased In Admissions

  By Craig Clough

  The U.S. Department of Justice and the U.S. Department of Education said Wednesday that the University of California, Berkeley School of Law discriminated against white and Asian applicants in its 2024 and 2025 admissions cycles by preferring Black applicants because of their race, violating federal civil rights law and recent U.S. Supreme Court precedent.

• Wells Fargo Beats Cert. Bid In Rate-Lock Extension Fee Suit

  By Gina Kim

  A California federal judge declined on Wednesday to certify a proposed class of Wells Fargo customers alleging it wrongly charged certain mortgage fees due to closing delays, ruling that liability cannot be determined without an individual file-by-file analysis to see whether the borrower or the bank was responsible for the delays.

• 2nd Circ. Says FDIC Need Not File Claim To Save SVB Setoff

  By Hilary Russ

  The Federal Deposit Insurance Corp. is not required to file a claim in the bankruptcy case of Silicon Valley Bank's former parent to preserve its defensive setoff rights, the Second Circuit found Wednesday, delivering another blow to the company in its legal battle with the regulator.