Top Stories

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  Camp Mystic Files For Bankruptcy After Deadly Texas Floods

  By Alex Wittenberg

  Camp Mystic filed for Chapter 11 protection in a Texas bankruptcy court Wednesday, almost a year after extreme f...(read more)

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  High Court's Cisco Ruling Is A Win For Multinational Cos.

  By Y. Peter Kang

  The U.S. Supreme Court's decision Tuesday clearing Cisco in an Alien Tort Statute suit alleging it helped the Ch...(read more)

• 9th Circ. Reopens Alaska Airlines Workers' Religious Bias Suit

  By Bonnie Eslinger

  The Ninth Circuit on Wednesday revived a suit from two flight attendants claiming they were illegally fired by Alaska Airlines and abandoned by their union for opposing the airline's support for LGBTQ+ rights, saying they demonstrated a plausible dispute about whether Alaska terminated them based on their religious beliefs.

• SEC Pressed To Curtail Hedge Fund, VC Reporting Rules

  By Jessica Corso

  Venture capital firm Andreessen Horowitz and Ropes & Gray LLP are urging the U.S. Securities and Exchange Commission to rewrite the definition of "hedge fund" before putting into place proposed regulations on what those funds have to disclose about their holdings.

• Judge Poised To OK NJ's $3B PFAS Deals With 3M, DuPont

  By George Woolston

  A Garden State federal judge on Wednesday signaled that she would sign off on proposed deals worth a combined $3 billion between New Jersey, 3M Co. and various DuPont entities to resolve the state's claims over contamination caused by the manufacture and discharge of forever chemicals.

• 11th Circ. Urged To Toss Convictions In $1.4B Hospital Fraud

  By Carolina Bolado

  Two brothers convicted in a $1.4 billion scheme to bill insurers inflated rates for drug tests told the Eleventh Circuit on Wednesday that there was insufficient evidence to support their convictions and that they should have been allowed an evidentiary hearing after potential juror misconduct emerged following the trial.

• Chancery Denies Stay In Revived Noncompete Case

  By Jarek Rutz

  The Delaware Chancery Court on Wednesday refused to pause a revived restrictive covenant lawsuit against a former fire safety products company executive while related litigation proceeds in New York, concluding the parties should proceed with briefing unresolved dismissal issues that have been pending since the case returned from the Delaware Supreme Court.

• TTAB Says Canceled Registration Can't Save TextNow TM Bid

  By Ivan Moreno

  The Trademark Trial and Appeal Board has refused TextNow Inc.'s bid to register "Touch Mobile" for phones and wireless messaging services, ruling in a precedential decision that the company cannot rely on a canceled registration for the same mark to overcome a likelihood of confusion with another company's existing registration for "Mobile Touch."

• With Data And AI, Whistleblowers Set Off An FCA Tidal Wave

  By Phillip Bantz

  Whistleblowers are increasingly using artificial intelligence to comb through public data in search of potential False Claims Act cases, unleashing a flood of new complaints that are shaking up white collar defense and government enforcement efforts while subjecting more companies to potentially false allegations, experts say.

• DOJ Nominee Questioned About Deleted Social Media Posts

  By Courtney Bublé

  A nominee for a top U.S. Department of Justice position, who is a real estate attorney turned tech entrepreneur, came under fire on Wednesday for past social media posts that he's now deleted.

• Qualcomm To Acquire AI Software Startup Modular For $3.9B

  By Al Barbarino

  Qualcomm Inc. said Wednesday it has agreed to acquire software developer Modular Inc. in an all-stock transaction valued at more than $3.9 billion, as the chipmaker moves to expand its artificial intelligence software stack from connected devices into data center and cloud environments.

• Judge Blocks Voting Order Requiring Proof Of Citizenship

  By Julie Manganis

  A Massachusetts federal judge on Wednesday permanently barred the Trump administration from enforcing what she called an unconstitutional and illegal requirement for proof of citizenship to vote, marking the latest successful challenge to the measure from several states.

• 'Hard-Money' Lenders Guilty Of Stealing Upfront Fees

  By Pete Brush

  A Manhattan federal jury convicted two Florida men of using their "hard-money" commercial real estate finance company to steal $18 million in upfront fees, after prosecutors said they defrauded developers to whom they never intended to extend loans.

• UK REIT Segro Rejects £12.6B Bid By Linklaters-Led Prologis

  By Najiyya Budaly

  Real estate investment trust Segro said Wednesday that it has rebuffed an unsolicited £12.6 billion ($16.6 billion) bid from Prologis, saying the approach was "opportunistically timed" as the U.S. company seeks access to the U.K. rival's data center business.