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  SEC Walks Away From SolarWinds Data Breach Case

  By Jessica Corso

  The U.S. Securities and Exchange Commission announced Thursday that it was voluntarily dismissing a lawsuit accu...(read more)

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  2 Firms Guide Abbott's $23B Deal With Cologuard Maker

  By Al Barbarino

  Wachtell Lipton Rosen & Katz and Skadden Arps Slate Meagher & Flom LLP are steering Abbott's planned $23 billion...(read more)

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• SEC, Virtu To Settle Customer Data Suit For $2.5M

  By Sarah Jarvis

  Virtu Financial Inc. has agreed to pay the U.S. Securities and Exchange Commission $2.5 million for allegedly failing to safeguard customer information, according to a Friday proposed final order that would end the regulator's two-year-old suit against the broker-dealer.

• Renewed Federal Push To Block State AI Laws Faces Backlash

  By Allison Grande

  The Trump administration is pushing to revive a failed effort to stop states from regulating artificial intelligence systems, drawing opposition from California's data privacy regulator, consumer advocates and others that argue it's crucial for states to retain their ability to put guardrails on the emerging technology in the wake of continued federal inaction.

• Meta Will Pay $190M, Change Policies To End $8B Privacy Suit

  By Hailey Konnath

  Meta Platforms Inc. has agreed to pay $190 million, as well as enhance its whistleblower program and implement a new code of conduct and insider trading policy, as part of a proposed settlement in an $8 billion privacy suit tied to the Cambridge Analytica scandal, according to several new filings Thursday.

• Starbucks Can't Dump Investors' 'Triple Shot' Strategy Suit

  By Emilie Ruscoe

  Starbucks and its former CEO can't shed investor class action claims that the company harmed shareholders by concealing its struggles to implement a "reinvention plan," which came to light when the company disclosed that its sales were being harmed by longer waits for customized drinks in its U.S. stores and by fierce competition in China.

• Judge Casts Doubt On Gov't Case For Holding Abrego Garcia

  By Jared Foretek

  A Maryland federal judge cast serious doubt over whether the government has an active order of removal for Kilmar Ábrego García, suggesting Thursday that if there is no such order, she'll have no choice but to grant Ábrego García's habeas petition and order his release from immigration detention.

• Invisalign Buyers Get OK On Sweetened $32M Antitrust Deal

  By Bonnie Eslinger

  A California federal judge who previously rejected Invisalign-maker Align Technologies' $27.5 million antitrust deal with buyers because it included a coupon program said Thursday he will approve a revised deal, which provides for an all-cash $31.75 million payout.

• Comey Says DOJ's Conduct 'Shocks The Conscience'

  By Hailey Konnath

  James Comey on Thursday reiterated his request that the U.S. Department of Justice be forced to disclose all grand jury materials related to his indictment, noting the government has conceded that the grand jury never saw the operative indictment and saying the purported misconduct "shocks the conscience."

• Pharma Cos. Seek Early Win In States' Price-Fixing Lawsuit

  By Aaron Keller

  A collection of states failed to prove an overarching conspiracy among 25 separate pharmaceutical companies to fix the prices of generic drugs, most of them dermatology formulations, the drugmakers argued Wednesday in support of a bid for an early win on one element of dozens of antitrust claims.

• Conn. Faces Tough 2nd Circ. In 3M PFAS Enforcement Dispute

  By Juan-Carlos Rodriguez

  A Second Circuit panel on Thursday appeared receptive to 3M's argument that Connecticut's state lawsuit accusing it of polluting the environment with forever chemicals contained in consumer products actually belongs in federal court, where a similar lawsuit against the company is playing out.

• FCC Rescinds Contested Biden-Era Cybersecurity Ruling

  By Christopher Cole

  The Federal Communications Commission on Thursday reversed a ruling made late in the Biden administration that required new steps from telecoms to beef up cybersecurity, even as an FCC Democrat decried the move as gutting the agency's response to the Salt Typhoon cyberattack.

• Meta Loss Shows Time Not On Enforcers' Side In Tech Cases

  By Bryan Koenig

  Meta's triumph over a Federal Trade Commission antitrust case Tuesday hinged on a D.C. federal judge's finding that the company lacks a monopoly in the present day, highlighting some of the challenges of using slow-moving litigation to challenge fast-moving markets.

• Ramey Ordered To Pay $95K For Sharing Netflix Info

  By Elliot Weld

  A California federal judge has ordered patent firm Ramey LLP and its founder to pay Netflix $95,000 in attorney fees for violating a court protective order by sharing confidential documents with a third-party litigation funder.