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AstraZeneca Inks $425M Deal To End Acid-Reflux Drug Claims
AstraZeneca on Tuesday said it has reached a $425 million deal to end claims in both federal and state court tha...(read more)
Trump Defiant As He Appears In Court For $250M Fraud Trial
Donald Trump accused the government of targeting him for political reasons as he arrived at New York Supreme Cou...(read more)
Bankman-Fried Declined Plea Talks, Feds Say Amid Jury Picks
A Manhattan federal judge waded through jury selection Tuesday in FTX founder Sam Bankman-Fried's trial on charges of looting billions of dollars from the fallen crypto exchange, after a prosecutor said no substantive plea talks ever were held.
Starbucks Asks Justices To Unify Labor Injunction Standards
Starbucks urged the U.S. Supreme Court on Tuesday to review a Sixth Circuit ruling upholding a court order to rehire seven pro-union workers at a Tennessee store and resolve an "entrenched, consequential" divide among the courts over how to treat National Labor Relations Board injunction bids.
Brooks Bros. Ex-CEO Slams 'Bad Faith' Ch. 11 Theory
The assertion that Brooks Brothers' ex-CEO Claudio Del Vecchio purposely bankrupted the company to avoid a personal debt is "nonsensical" and a bankruptcy trustee's Chancery Court lawsuit against the clothing retailer's former owners should be thrown out, their attorney told a judge in Wilmington Tuesday.
Google, Exec Delay Pay Bias Trial Over Scheduling Dispute
Google LLC and an executive who alleges she was paid less than men because she is a woman told a New York federal court that they have pushed back the start of their trial by a week after failing to resolve a conflict over witness scheduling.
Firefighting Foam Co. Missing Mark On Venue, 5th Circ. Told
An Illinois insurance company told the Fifth Circuit Tuesday it shouldn't have to foot a $1.2 million bill to cover expenses a distributor of firefighting foam incurred responding to a multidistrict litigation subpoena, arguing that while the company was based in Texas, the events at issue occurred across the U.S.
Bankman-Fried Sues Excess Insurer For Legal Costs
A day before his fraud trial began Tuesday in New York federal court, FTX founder Sam Bankman-Fried filed suit against his excess insurer Continental Casualty Co., claiming that the firm has improperly refused to cover his defense costs.
Ga. Atty Wants Murder Conviction, Life Sentence Overturned
An Atlanta corporate attorney convicted of murdering a real estate developer in an alleged road rage incident should get a new trial in which the jurors can consider his defense that the death resulted from an accident as well as lesser criminal charges, his counsel told the Peach State's highest court.
X Corp. Fights Wachtell's Bid For Arbitration Of $90M Fee Row
X Corp., formerly known as Twitter, has pushed back on Wachtell Lipton Rosen & Katz's attempt to arbitrate the social media giant's claims the firm collected a "gargantuan" $90 million fee for helping the company defeat Elon Musk's effort to back out of his $44 billion acquisition.
Justices Appear Wary Of Nixing CFPB's Funding Mechanism
The U.S. Supreme Court on Tuesday signaled its hesitancy to rule that the Consumer Financial Protection Bureau is unconstitutionally funded, amid tough questioning of payday loan industry challengers to the agency's budgetary independence.
Colo. Justices To Review Baker's Transgender Cake Refusal
The Colorado Supreme Court on Tuesday agreed to examine if a Christian baker, who successfully invoked religious freedom at the U.S. Supreme Court to deny a wedding cake to a same-sex couple, discriminated against a customer ordering a gender transition celebration cake.
Biotech Co. Zymergen Hits Ch. 11 In Del. Eying Asset Sale
Biotechnology company Zymergen Inc. on Tuesday filed for Chapter 11 protection in Delaware with both assets and debts of $100 million to $500 million, saying it's seeking an asset sale and aiming to collate securities claims tied to a sharp drop in its share price following a 2021 initial public offering.
Sullivan & Cromwell, Fenwick Draw Scrutiny In FTX Debacle
Before his Bahama-based crypto exchange went down in flames, FTX founder and former CEO Sam Bankman-Fried contends that when he visited New York, he would sometimes work out of Sullivan & Cromwell LLP's offices.
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