Top Stories

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  Calif. Jury Convicts Ex-Google Engineer Of Stealing AI Secrets

  By Bonnie Eslinger

  A California federal jury on Thursday found former Google software engineer Linwei Ding guilty of seven counts o...(read more)

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  Global Label Maker Multi-Color Hits Ch. 11 With $5.9B Debt

  By Rick Archer

  Georgia-based global retail product label maker Multi-Color Corp. filed for Chapter 11 protection Thursday in a ...(read more)

• Fed's Master Account Stance Goes Too Far, 2nd Circ. Told

  By Jon Hill

  The Federal Reserve's claim of broad discretion to cut financial institutions off from master accounts could turn these U.S. payment system gateways into potential tools of partisan warfare, an attorney for a Puerto Rico bank told a Second Circuit panel Thursday.

• Boies Schiller Hits Meta With Arbitration Bids Over Addiction

  By Hailey Konnath

  Boies Schiller Flexner LLP on Thursday filed a number of arbitration demands against Meta Platforms Inc. on behalf of young Instagram users, claiming that the social media company's products are harmful and intentionally designed to hook young people.

• Ex-Worker Says Goldstein Offered Crypto, Gifts As IRS Probed

  By Jared Foretek

  A former employee at Thomas Goldstein's law firm who resigned after the Internal Revenue Service began investigating the firm said that the SCOTUSblog founder suddenly began offering her bitcoin, payment from case settlements and potential student loan relief after federal agents visited the office.

• Interim DHS Funding Cools Shutdown Threat For Now

  By Courtney Bublé

  The White House and Senate Democrats have reached a deal to temporarily fund the U.S. Department of Homeland Security and give lawmakers time to make reforms to immigration enforcement, an agreement that cools talks of a government shutdown.

• SEC Lays Out Taxonomy For Tokenized Securities Trading

  By Jessica Corso

  Publicly traded companies that convert their shares into cryptocurrency are still subject to U.S. Securities and Exchange Commission regulations, agency staff said Wednesday as they outlined a classification scheme for trading in tokenized securities.

• DCA Midair Collision: One Year Later

  By Linda Chiem

  Investigators' determination that the Federal Aviation Administration ignored repeated warnings about near-misses and risky helicopter traffic around the nation's capital is expected to spur regulatory reforms and potentially heighten the government's legal exposure in civil litigation stemming from the deadly midair collision in Washington, D.C., a year ago.

• CFTC's Selig Eyes Prediction Markets Rules In Debut Speech

  By Aislinn Keely

  U.S. Commodity Futures Trading Commission Chairman Michael Selig on Thursday delivered his first public remarks as the agency's leader, laying out an agenda that includes setting rules for prediction markets and collaborating closely with the U.S. Securities and Exchange Commission on a variety of cryptocurrency initiatives.

• US Gymnast's Bronze Medal Case Revived By Swiss Court

  By Caroline Simson

  Switzerland's highest court has vacated an arbitral award stripping U.S. gymnast Jordan Chiles of her Olympic bronze medal during the 2024 Summer Games in Paris, saying footage from a documentary crew that was not considered by the arbitrators has provided enough evidence to revive her case.

• Bondi Elevates Pa. US Atty Amid Appointments Scrutiny

  By Matthew Santoni

  The first assistant U.S. attorney for the Western District of Pennsylvania is being retained and elevated to full U.S. attorney, Attorney General Pamela Bondi announced Thursday, though the appointment will have to remain temporary or he could face the same questions about his appointment as other top prosecutors in President Donald Trump's administration.

• Full 1st Circ. To Review Cop's Suspension For Facebook Post

  By Carolyn Muyskens

  The full First Circuit has agreed to review a Massachusetts police officer's suspension for making disparaging comments about George Floyd on a personal Facebook page, setting aside an opinion in the police department's favor and teeing up an appeal focused on the speech rights of government employees.

• Jones Day Guides VSE Corp. On $2B Precision Aviation Deal

  By Al Barbarino

  Jones Day is advising aviation company VSE Corp. on an agreement to acquire Precision Aviation Group Inc. from Winston & Strawn LLP-led GenNx360 Capital Partners for up to $2.15 billion, the companies announced Thursday.

• Former First Brands Execs Indicted On Fraud Charges

  By Ben Zigterman

  Patrick James, the founder of bankrupt auto parts maker First Brands Group, and his brother Edward James were indicted by federal prosecutors in New York, who accused the pair of inflating invoices, double pledging collateral and concealing liabilities from lenders.