Top Stories

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  Auto Lender OKs $709.5M Multistate Deal Over Subprime Loans

  By Brian Steele

  The subprime auto lender Credit Acceptance Corp. has agreed to provide $709.5 million in cash and debt relief as...(read more)

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  SEC Issues Innovation Exemption For Tokenized Stock Trading

  By Aislinn Keely

  The U.S. Securities and Exchange Commission on Thursday unveiled its long-awaited innovation exemption, permitti...(read more)

• 'Astonishing Theft': Microsoft, OpenAI Staff Reckoned With AI

  By Dorothy Atkins

  Microsoft and OpenAI employees internally acknowledged for years that AI tools trained on news articles would likely replace publishers, leading to a "doom loop," with a Microsoft director calling it "an astonishing theft of unprecedented proportions" and potentially the "largest theft of labor in human history," documents unsealed Thursday show.

• Sue To Stop AI Armageddon? Not So Fast, Attys Say

  By Y. Peter Kang

  As executives at leading artificial intelligence companies increasingly assert that their own technology could one day pose an existential threat to humanity, a natural question follows: If the risk is real, can anyone sue to stop it before disaster strikes?

• Starbucks Settles Fla. AG's 'Race-Based Quota' DEI Claims

  By Hailey Konnath

  Starbucks Corp. has agreed not to use race- or sex-based goals in hiring and promoting its employees and to not "participate in any organizations that require increasing the racial diversity of its board of directors" as part of a settlement with Florida's attorney general, according to an announcement made Thursday.

• SpaceXAI, Apple Must Show Texas Judge Antitrust Deal Terms

  By Dorothy Atkins

  A Texas federal judge has ordered Elon Musk's companies and Apple Inc. to provide him with a copy of their recent settlement for in-camera review after OpenAI Inc. demanded to look over the agreement and argued its terms may undermine the antitrust allegations SpaceXAI LLC is still pursuing against OpenAI.

• EU Antitrust Chief Says AI Competition Mitigates Risk

  By Matthew Perlman

  Europe's top antitrust enforcer raised concerns Thursday about the need to regulate artificial intelligence companies, while a top U.S. official said enforcers need to hear more about potential collaborations on AI safety before deciding if they're problematic.

• 10th Circ. Debates Bid To Revive Colo. Atty Fee Law Challenge

  By Rachel Konieczny

  Colorado residents and community watch groups urged the Tenth Circuit on Thursday to revive their constitutional challenge against a Colorado law that mandates attorney fee awards to local governments in certain land use disputes, fielding court questions on the case's reviewability and whether sovereign immunity applies.

• Corpay Reaches $100M Deal In FTC Case Over Hidden Fees

  By Craig Clough

  Corpay Inc. and its CEO agreed Thursday to pay $100 million to resolve Federal Trade Commission allegations that the company deceived small businesses about savings and fees associated with its fuel cards.

• Amway And Affiliates To Pay $225M Over Deceptive Scheme

  By Aneeta Mathur-Ashton

  The Federal Trade Commission and the State of Washington have reached a $225 million settlement with health and beauty company Amway and two of its affiliates to resolve allegations that they ran an unfair and deceptive multilevel marketing scheme in which independent business owners and their recruits purchased products for "reasons other than genuine demand for them in a near-futile effort to make money while faking their customer sales."

• Fed. Circ. Approves $3.2M In Atty Fees In Diamond IP Case

  By Elliot Weld

  The Federal Circuit on Thursday affirmed a $3.2 million award of attorney fees to Fenix Diamonds LLC from the Carnegie Institution of Washington and its bankrupt former patent licensee M7D Corp., agreeing with a district judge that the asserted patent infringement claims were objectively baseless.

• Senate Confirms Kirkland Partner To Texas Federal Bench

  By Courtney Bublé

  The Senate voted 49-45 on Thursday to confirm Kasdin Miller Mitchell, a partner at Kirkland & Ellis LLP, to serve as a U.S. district judge for the Northern District of Texas.

• Alteryx Stockholders' 'Cleansing' Vote Dooms $4.4B Sale Suit

  By Jarek Rutz

  The Delaware Chancery Court has dismissed a stockholder suit challenging the $4.4 billion sale of analytics software company Alteryx Inc. to private equity firms Insight Venture Management LLC and Clearlake Capital Group LP, finding that an overwhelming stockholder vote approving the deal wiped out the investors' fiduciary duty claims.

• Fed. Circ. Reverses Denial Of Catheter Patent Claim

  By Adam Lidgett

  The Federal Circuit on Thursday threw out a Patent Trial and Appeal Board decision that refused to give patent protection to the first claim in an Incept LLC medical catheter patent, saying the board needs to take another look.