Top Stories

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  Meta Owes $25B After NM Data Privacy Trial

  By Cara Salvatore

  A New Mexico judge ruled Wednesday that Meta must pay $25 billion for the "systematically broadcast" lies the so...(read more)

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  Getty Images Files Ch. 11 Case With More Than $1B Of Debt

  By Vince Sullivan

  Visual content company Getty Images Holdings Inc. filed for Chapter 11 protection Wednesday in Delaware bankrupt...(read more)

• 3rd Circ. Questions Claims Of Bias In $6B Citgo Sale

  By Caroline Simson

  A Third Circuit panel appeared skeptical during more than two hours of oral arguments on Wednesday that an order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of Venezuelan debt should be overturned because of the appearance of bias.

• Game Co. Investors Seek OK Of $13M Deal On Valuation

  By Sydney Price

  Investors of online gaming company Shanda Games Ltd. have asked a New York federal court to preliminarily approve a $13 million settlement that would end claims the company severely and intentionally undervalued a 2015 going-private transaction.

• 9th Circ. Judges Hint Hospital CBA May Mandate Arbitration

  By Rachel Riley

  A Ninth Circuit panel appeared receptive on Wednesday to Long Beach Memorial Medical Center's argument that a nurse should be forced to individually arbitrate proposed class break claims, with two judges suggesting that a union contract's repeated references to Golden State labor law bolster the hospital's position.

• Verisk Denies Fault For Canceled $2.35B AccuLynx Deal

  By Jarek Rutz

  Verisk Analytics Inc. urged the Delaware Supreme Court on Wednesday to let it abandon its $2.35 billion acquisition of roofing software company AccuLynx, arguing a lower court wrongly blamed it for federal antitrust delays, while AccuLynx insisted the company must keep working to close the deal.

• Chinese Light Makers Reach Deal After $1.5M Patent Verdict

  By Adam Lidgett

  Chinese company Jiaxing Super Lighting has reached a deal to end a patent lawsuit over LED tube lamp products after a Texas federal jury earlier this year awarded the business $1.5 million in damages for infringing one of its patents.

• Playground Cos. Delay Deal Pending FTC Trial Eyed For March

  By Bryan Koenig

  Playground equipment makers PlayPower and BCI Burke have agreed to hold off on consummating their merger pending a Federal Trade Commission antitrust trial in California federal court eyed for "no later than March 15, 2027."

• 4 Firms Steer Cencora's $2.4B American Oncology Acquisition

  By Jade Martinez-Pogue

  Pharmaceutical distribution company Cencora unveiled plans Wednesday to acquire American Oncology Network Inc. in a deal that values the network at an enterprise value of $2.4 billion and was built by four law firms.

• Intuitive Surgical Strikes $450M Deal In Robot Antitrust Suit

  By Craig Clough

  Intuitive Surgical said in its quarterly earnings report Tuesday that it reached a $450 million settlement to resolve a hospital class action alleging it monopolized the market for servicing its da Vinci surgical robots, subject to approval by a California federal judge.

• CRH To Unload NJ Asphalt Plants For $8.5B Arcosa Deal

  By Matthew Perlman

  New Jersey state enforcers have reached an agreement allowing CRH plc to move ahead with its planned $8.5 billion purchase of Arcosa Inc., conditioned on the sale of several hot-mix asphalt plants in the state.

• Fund Manager Challenges Chancery's Congo Palm Oil Ruling

  By Jarek Rutz

  An investment fund manager and three affiliated entities urged the Delaware Supreme Court Wednesday to overturn a ruling that stripped them of interests in a Congolese palm oil business, arguing it handed fellow investor Kuramo Capital Management LLC an enormous windfall, while Kuramo defended the unusual remedy as necessary to protect its investment from the manager's misconduct.

• Ex-Holtec CFO Wins $2.1M Verdict On Whistleblower Claim

  By George Woolston

  A New Jersey state jury on Wednesday found that nuclear services company Holtec International violated the state's whistleblower law when it fired its chief financial officer days after he objected to what he believed were false and misleading statements in a document meant for a potential investor, awarding him $2.1 million in economic damages.

• High Court Lets Block On Prison Gender Care Ban Stand

  By Yeji Jesse Lee

  The U.S. Supreme Court on Wednesday allowed federal prisons to continue to offer gender transition medical services to incarcerated people.