Top Stories

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  Novo Nordisk Boosts Metsera Bid To $10B After Pfizer Suit

  By Al Barbarino

  Metsera Inc. said Tuesday its board has determined that a sweetened offer from Novo Nordisk is a superior propos...(read more)

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  2nd Circ. Hints Bankman-Fried's $11B Forfeiture Is Overkill

  By Elliot Weld

  The Second Circuit suggested Tuesday that the government's $11 billion forfeiture order against Sam Bankman-Frie...(read more)

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• Senate Confirms Jones Day Partner For 9th Circuit Bench

  By Courtney Bublé

  The Senate voted 52-45 on Wednesday to confirm Eric Tung, a partner at Jones Day, as a judge on the Ninth Circuit.

• Luxury Developer Five Star Hits Ch. 11 In Texas

  By Emily Lever

  Five Star Development LLC, a company building a Ritz-Carlton property in Arizona, has filed for Chapter 11 relief in Texas bankruptcy court to gain protection from lender collection actions.

• Packaging Co. Klöckner Hits Ch. 11 To Trim $1.5B Debt

  By Clara Geoghegan

  Klöckner Pentaplast Verwaltungs GmbH, a European plastic packaging maker, filed for bankruptcy protection in Texas to trim €1.3 billion ($1.5 billion) of debt from its balance sheet through a debt-for-equity swap Chapter 11 plan after seeing cooling demand in recent years.

• Trump Again Nominates Jared Isaacman As NASA Chief

  By Rae Ann Varona

  President Donald Trump on Tuesday again nominated Jared Isaacman to lead NASA, months after yanking an earlier nomination due to the billionaire entrepreneur's "prior associations."

• Ignore Circuits, Follow Scalia, Justices Told In Deadlines Duel

  By Jeff Overley

  How can a U.S. Supreme Court advocate persuade the justices to spurn the near-universal views of circuit courts? One option appeared Tuesday at arguments over deadlines to vacate judgments, as a Williams & Connolly lawyer invoked Justice Antonin Scalia's influential methods — and seemingly found a receptive audience.

• High Court Justices Mull Removal Issues In Baby Food Case

  By Emily Field

  The U.S. Supreme Court on Tuesday grappled with whether a suit against Hain Celestial Group and Whole Foods over allegedly tainted baby food was properly removed to federal court, as some justices voiced concerns about depriving plaintiffs of their choice of forum.

• Hagens Berman Owes $2M Over Failed Suit, Tech Giants Say

  By Rachel Riley

  Amazon and Apple have told a Seattle federal judge that Hagens Berman Sobol Shapiro LLP should cover nearly $2 million in defense costs because of the firm's "misrepresentations" while litigating a lawsuit accusing the two companies of conspiring to limit device sales on the e-commerce platform.

• German Co. Denies SiriusXM Was 'Lulled' Into Infringing IP

  By Jeff Montgomery

  An attorney for applied research venture Fraunhofer-Gesellschaft told a Delaware federal judge Tuesday that SiriusXM has failed to show it was lulled by the German patent-holder into continuing alleged infringements of satellite radio technology when the original licensee retreated into bankruptcy.

• Mass. Attys Split As Punitive Damages Rules Go To Top Court

  By Chris Villani

  A case before Massachusetts' top appellate court over whether more safeguards are needed to cap runaway punitive damage awards has divided attorneys, with some saying the big-dollar verdicts can be skewed by improper evidence and others calling the matter a solution in search of a problem.

• DC Circ. Backs DOE's Tougher Furnace Efficiency Rules

  By Keith Goldberg

  The D.C. Circuit on Tuesday upheld the U.S. Department of Energy's tighter energy efficiency standards for furnaces and water heaters, rejecting arguments from gas utility and industry groups that the rules unlawfully force an expensive switch to new appliances.

• Judge To Allow Crypto Landlord To Begin Evictions In Detroit

  By Carolyn Muyskens

  A Detroit judge said Tuesday she will modify her court order barring a cryptocurrency real estate investment company from collecting rent to make clear its tenants must, in the meantime, pay their rent into escrow accounts held by the city of Detroit — and allow evictions of tenants who fail to do so.

• Prudential Financial Will Pay $4.75M To End Data Breach Case

  By Carla Baranauckas

  Prudential Financial Inc. agreed to pay $4.75 million to end a class claim alleging it failed to protect its clients' personal information after it acknowledged that its systems were compromised in a February hacking incident, according to a memorandum filed in New Jersey federal court.