Top Stories

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  Boeing Settles Ethiopian Air Case Ahead Of $28M Verdict

  By Lauraann Wood

  An Illinois federal jury awarded more than $28 million on Wednesday to the estate of a United Nations environmen...(read more)

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  FTC Puts $3.6B Cabinetry Merger Under Microscope

  By Matthew Perlman

  The Federal Trade Commission has requested additional information from MasterBrand Inc. and American Woodmark Co...(read more)

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• CFPB Forges Ahead On Rules As Funding Hangs In Doubt

  By Jon Hill

  The Consumer Financial Protection Bureau is rolling out plans to narrow how it defines and watches out for lending discrimination, even as the Trump administration casts fresh doubt on any plans to fund the agency once its reserves dry up.  

• 11th Circ. Grounds DOT's Delta, Aeromexico JV Split Order

  By Lauren Berg

  The Eleventh Circuit Wednesday halted the U.S. Department of Transportation's order directing Delta Air Lines and Aeroméxico to scuttle their joint venture by Jan. 1, while the airlines pursue their petition asking the appellate court to void the government's order.

• Coinbase To Move To Texas, Citing 'Litigious' Delaware

  By Dorothy Atkins

  Coinbase told the U.S. Securities and Exchange Commission on Wednesday that the cryptocurrency exchange is leaving Delaware to reincorporate in Texas, citing the "increasingly litigious environment in Delaware" and the Lone Star State's recently enacted laws that place numerous restrictions on shareholder suits and help shield executives from investor litigation.

• Del. Justices Mull Paramount Merger Doc Suit Revival

  By Jeff Montgomery

  An attorney for Paramount Global urged Delaware's Supreme Court on Wednesday to adopt a "very bright-line rule" barring post-document-demand use of unverified reports and confidential news sources to support stockholder suits seeking access to corporate deal books and records.

• Wells Fargo Inks $84M ERISA Stock Option Suit Deal

  By Kellie Mejdrich

  Wells Fargo & Co. will pay $84 million to settle a proposed class action alleging the bank used dividends earned by its employee stock ownership plan, or ESOP, to meet its 401(k) matching obligations, according to the proposed deal filed Wednesday in Minnesota federal court.

• Fintech StoneCo Investors Get First OK For $27M Settlement

  By Sydney Price

  Payment processing company StoneCo Ltd. and its investors have received preliminary approval from a New York federal judge of their $26.8 million settlement ending claims the company misled investors about its role in the failure of a merchant lending program it once offered in Brazil.

• Copyright Guide Or Policy Change? Project Divides IP Attys

  By Ivan Moreno

  The American Law Institute's restatements of law, widely regarded as influential reference points for judges and attorneys, are typically yearslong projects that are finished quietly and without much controversy, but one for copyright that concluded this year has diverged from that tradition.

• Purdue Kicks Off Ch. 11 Confirmation With Plan Overview

  By Vince Sullivan

  Bankrupt OxyContin maker Purdue Pharma began its Chapter 11 confirmation trial Wednesday with an overview of its latest plan and the myriad settlements that underpin the proposal, including a $6.5 billion commitment from the company's owners.

• SEC's Atkins Previews Crypto 'Taxonomy' Plans, Exemptions

  By Aislinn Keely

  U.S. Securities and Exchange Commission Chairman Paul Atkins on Wednesday pledged to "draw clear lines" about which crypto transactions the SEC doesn't regulate, but said that coming rules and exemptions for digital assets are "not a promise of lax enforcement at the SEC."

• 1st Circ. Weighs Federal Halt To Planned Parenthood Funding

  By Dan McKay

  First Circuit judges skeptically questioned a Planned Parenthood attorney Wednesday as they wrestled with whether Congress illegally singled out the organization in budget legislation that blocks its federal Medicaid funding for a year.

• Fed. Circ. Reverses Ax Of Oil Tool Patent And Fixes Error

  By Ryan Davis

  The Federal Circuit ruled Wednesday that a Texas federal judge wrongly invalidated an oil well tool patent as indefinite, saying the patent contains a rare example of an error that is so clear it can be corrected by a court.

• 2 Firms Guide Baytex On $2.3B Sale Of Eagle Ford Assets

  By Al Barbarino

  Vinson & Elkins LLP and Burnet Duckworth & Palmer LLP are advising Baytex Energy Corp. on its agreement to sell its U.S. subsidiary, Baytex Energy USA Inc., to an undisclosed buyer for about $2.3 billion, the company said Wednesday.