Top Stories

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  Pfizer To Pay $41.5M To Settle Adulterated ADHD Drug Claims

  By Spencer Brewer

  Pfizer Inc. and Tris Pharma Inc. agreed Wednesday to cough up $41.5 million to settle claims brought by Texas th...(read more)

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  Pillsbury Winthrop Latest Firm Targeted By Data Breach Suit

  By Hailey Konnath

  Pillsbury Winthrop Shaw Pittman LLP on Tuesday was hit with a proposed class action stemming from a data breach ...(read more)

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• Crypto Exchange Kraken Files Confidential IPO Plans

  By Aislinn Keely

  Crypto exchange Kraken said Wednesday that it has confidentially filed with the U.S. Securities and Exchange Commission for an initial public offering, hot off an $800 million funding round.

• Judge OKs $5.75M Subprime Credit Card Deal, Cuts Atty Fees

  By Katryna Perera

  A Maryland federal judge has given the final sign-off on a $5.75 million settlement in a class action alleging subprime credit card company Mercury Financial did business without a license, though the judge reduced the requested attorney fee award for class counsel from 33% of the settlement fund to 25%.

• The House's Plan B For Repealing Provision On DOJ Lawsuits

  By Courtney Bublé

  If the Senate does not take up a bill to repeal a provision in the government funding package allowing senators investigated by former special counsel Jack Smith to sue for damages, a Republican House member is already making contingency plans.

• Alkermes, Avadel Bump Deal To $2.37B After Alternate Bid

  By Al Barbarino

  Alkermes PLC said on Wednesday that its agreement to purchase Avadel Pharmaceuticals PLC has been increased to as much as $2.37 billion after a third party threw an alternate bid into the mix. 

• Brookfield Launches $100 Billion AI Infrastructure Program

  By Nate Beck

  Brookfield Asset Management said Wednesday it is working with Nvidia and the Kuwait Investment Authority on a program to acquire up to $100 billion worth of infrastructure assets supporting artificial intelligence technology.

• 8th Circ. Hears PBMs' Bid To Pause FTC Insulin Pricing Case

  By Matthew Perlman

  An Eighth Circuit panel had only a handful of questions on Wednesday for the pharmacy benefit managers accused of inflating insulin prices, though one of the judges expressed skepticism about pausing the Federal Trade Commission's in-house enforcement action on constitutional grounds.

• Alaska Senator Pushes For Better Vetting After Judge Scandal

  By Courtney Bublé

  Sen. Dan Sullivan, R-Alaska, said on Wednesday that after a federal judge in his state resigned in disgrace last year, he decided he had to revamp his selection process for judicial nominees.

• BigLaw Begins To Fall In Line With Cravath Bonuses

  By Aebra Coe

  Fried Frank Harris Shriver & Jacobson, McDermott Will & Schulte LLP and Dechert LLP are among the law firms following the lead of Cravath Swaine & Moore LLP on year-end associate bonuses this week, with at least five large firms matching the market leader within a day of Cravath's Tuesday announcement.

• Canadian Gas Co. Hits Ch. 15 Ahead Of Nov. Debt Payments

  By Clara Geoghegan

  Canacol Energy Ltd., a Canadian group that explores natural gas in Colombia, has sought Chapter 15 protection in New York, citing a liquidity crunch hampering its ability to make upcoming payments on over $900 million in debt.

• Trump's Global Tariffs Curtailed Trade, Data Shows

  By Natalie Olivo

  U.S. imports dropped by 5.1% in August, the month when many of President Donald Trump's global tariffs took effect, according to data released Wednesday by the Bureau of Economic Analysis.

• Wachtell Guides $1.9B Adobe Buy Of Davis Polk-Led Semrush

  By Al Barbarino

  Adobe Inc. said Wednesday it has agreed to acquire Semrush Holdings Inc., a provider of search and brand visibility tools, for $12 per share in cash, valuing the company at about $1.9 billion.

• Russian Tech Co. Hit With Sanctions Over Ransomware Links

  By William Janes

  The U.S., U.K. and Australia on Wednesday announced coordinated sanctions on Russia-based Media Land LLC and employees of the so-called "bulletproof hosting" service over allegations that the business has acted as a key enabler for ransomware attacks.