Top Stories

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  Chemours Inks $450M Deal Over PFAS Pollution In 3 States

  By Ganesh Setty

  Chemours has agreed to a settlement totaling more than $450 million over its release of per- and polyfluoroalkyl...(read more)

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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)

• Tricolor's Ex-COO Cops To Fraud Charges Tied To Collapse

  By Hailey Konnath

  The former chief operating officer of bankrupt subprime auto lender Tricolor Holdings pled guilty Wednesday to charges stemming from what prosecutors have described as a yearslong scheme to defraud the company's lenders and investors.

• Eric Adams' Ex-Chief Of Staff Charged In Bribery Scheme

  By Craig Clough

  Frank Carone, a onetime chief of staff to former New York Mayor Eric Adams, took $120,000 in bribes to steer a multimillion-dollar contract to house migrants to a hotel owner, according to an indictment unsealed in Brooklyn federal court on Wednesday. 

• 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.

• Big Banks Clear Fed Stress Tests Amid Capital Rule Overhaul

  By Jon Hill

  The Federal Reserve said Wednesday the nation's biggest banks have sufficient capital to withstand a severe recession, giving them passing marks in the latest round of stress tests as federal regulators work on a broader capital rule overhaul.

• 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.