Top Stories

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  Lakers Poised For Record $12.5B Sale To Former Disney CEO

  By Alex Lawson

  Former Walt Disney Co. CEO Bob Iger and venture capitalist Joshua Kushner agreed to buy the Los Angeles Lakers o...(read more)

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  9th Circ. Enforces $2B Devas Satellite Award

  By Caroline Simson

  The Ninth Circuit on Wednesday enforced an over $2 billion arbitral award issued to a satellite communications c...(read more)

• Albertsons Judge Hears Testimony On Rx Opioid, Abuse Link

  By Ben Adlin

  An "undeniable" causal link exists between excess prescription opioids and problem use of drugs such as heroin and fentanyl, an expert witness testified during a bench trial Wednesday in Washington's lawsuit accusing Albertsons of fueling the state's overdose crisis by irresponsibly dispensing opioids.

• Cloudflare Investors Seek Block On Founder Control Plan

  By Jarek Rutz

  Cloudflare stockholders urged the Delaware Chancery Court on Wednesday to block a recapitalization that would let the technology company's co-founders sell billions of dollars in stock while retaining voting control, while the company argued the plan is a fair effort to keep its longtime leaders engaged.

• 11th Circ. Backs EPA, Fertilizer Co. In 'Radioactive' Road Case

  By Ganesh Setty

  The Eleventh Circuit on Wednesday rejected an environmental group's challenge to the U.S. Environmental Protection Agency's decision allowing the construction of a private road with a radioactive byproduct from fertilizer production, finding EPA regulations don't categorically bar such use.

• 9th Circ. Backs Extradition For Al Qaeda In Iraq-Linked Killings

  By Rachel Riley

  The Ninth Circuit said Wednesday that a U.S. citizen can't escape his extradition to Iraq to be tried for the murders of two Iraqi police officers because the killings constitute international terrorism, meaning he is not protected by a political-offense exception to the relevant extradition treaty.

• Sprint Can't Shake Cogent's $24M Fiber Contract Claims

  By Jarek Rutz

  The Delaware Chancery Court has refused to dismiss Cogent Infrastructure LLC's contract claims against Sprint over a disputed fiber optic network deal, finding that an accounting firm's earlier decision on a roughly $24 million purchase price adjustment does not block Cogent from pursuing broader claims that Sprint misrepresented the nature of the fiber arrangement.

• Apple Gets Brief Pause In App Store Case From High Court

  By Matthew Perlman and Aneeta Mathur-Ashton

  The U.S. Supreme Court issued a brief stay Wednesday in a case from Epic Games targeting Apple's App Store policies, after the district court refused to put the case on hold while the justices review a contempt order against Apple.

• Ex-SPLC Employee Charged In Feds' Informant Pay Case

  By Lauren Berg

  The U.S. Department of Justice expanded its criminal fraud case in Alabama federal court against the Southern Poverty Law Center to a former SPLC director prosecutors say oversaw payments to informants in extremist groups, including one with whom she was romantically involved.

• Rob Reiner's Son Indicted In Parents' Killings

  By Craig Clough

  A California grand jury indicted Nick Reiner on charges for the murders of his parents, film director Rob Reiner and Michele Singer Reiner, with the addition of a special circumstance that could carry the death penalty, according to documents unsealed Wednesday in Los Angeles Superior Court.

• Trump Pick Sets Stage For More Fights Over FCC's Power

  By Christopher Cole

  A move by the White House to fill the third Republican vacancy on the Federal Communications Commission — but leave a long-empty minority seat on the five-member board unfilled — sets up what will likely be more pitched battles over not only the FCC's powers, but its future composition.

• Trump Repeats Call To Remove Stay On Mail-In Ballot Order

  By Katie Buehler

  The Trump administration prodded the U.S. Supreme Court on Wednesday to "promptly" lift a Massachusetts judge's order prohibiting the enforcement of new restrictions on mail-in ballots in 23 states and the District of Columbia in this year's midterm elections. 

• 'Core' Generics Leader Must Face Most AG Price-Fix Claims

  By Bryan Koenig

  A Connecticut federal judge ruled Wednesday that G&W Laboratories Inc. must face most price-fixing claims from dozens of state attorneys general targeting generic-drug makers, teeing the shuttered company up for trial as one of four companies deemed the "core group of leaders most responsible" for the conspiracy.

• Kalshi Uses CFTC Order To Build Case For NY Shield

  By Alex Lawson

  Kalshi intensified its push for the Second Circuit to shield it from a New York state lawsuit targeting its sports event contracts Wednesday, arguing a new U.S. Commodity Futures Trading Commission directive demonstrates the company's need for protection.