Top Stories

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  Skadden, Gibson Dunn Steer $58B Devon, Coterra Deal

  By Al Barbarino

  Devon Energy and Coterra Energy said Monday they have agreed to merge in a roughly $58 billion all-stock transac...(read more)

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  Tesla Gets Del. Justices To Cut $100M From Investor Atty Fees

  By Lauren Berg

  The Delaware Supreme Court on Friday handed Tesla a win, reducing by roughly $100 million the attorney fees awar...(read more)

• Fed. Circ. Grapples With AI Patent Eligibility In Amazon Case

  By Ryan Davis

  A Federal Circuit panel on Monday expressed skepticism about Rensselaer Polytechnic Institute's argument that an artificial intelligence-related patent it sued Amazon over was wrongly invalidated as abstract, though the court seemed wary of issuing a ruling that could render all AI unpatentable.

• CD&R To Pay $70M To Settle Covetrus Sale Dispute

  By Sydney Price

  Private equity firm Clayton Dubilier & Rice LLC and others have agreed to pay $70 million to settle a suit in Delaware's Court of Chancery by shareholders of animal health company Covetrus Inc. accusing them of failing to disclose vital information to shareholders when joining forces with another private equity firm to acquire Covetrus in 2022.

• 'Star Trek'-Citing Judge Says Moderna Can't Ax $5B Vax IP Suit

  By Lauren Berg

  Moderna Inc. will have to face most of a rival mRNA vaccine developer's $5 billion patent suit over the company's COVID-19 vaccines at a trial in Delaware, a federal judge ruled on Monday, invoking "Star Trek" in a summary judgment order that left issues like patent invalidity up to the jury.

• Offshore Wind Crowns Courtroom Sweep With Sunrise Restart

  By Keith Goldberg

  A D.C. federal judge on Monday lifted the Trump administration's halt of the Sunrise Wind project, the final victory for five East Coast offshore wind farms that all convinced courts to block the government's stop-work orders.

• ESAB Corp. To Acquire Eddyfi Technologies For $1.45B

  By Al Barbarino

  ESAB Corp. said Monday it has agreed to purchase Eddyfi Technologies for $1.45 billion, pushing deeper into industrial inspection and monitoring as it looks to diversify beyond its core welding equipment business.

• FTC Says Bezos, Amazon Execs Hid Evidence Via Signal App

  By Bryan Koenig

  The Federal Trade Commission asked a Washington federal judge to assume Amazon.com Inc. used auto-deleting Signal chats to hide the "anticompetitive nature" of rules that allegedly created an artificial pricing floor across online retail, escalating a long-simmering evidentiary fight that implicates Jeff Bezos and general counsel David Zapolsky.

• Judge Skeptical Of XAI's Claims In OpenAI Trade Secrets Suit

  By Ivan Moreno

  A California federal judge has said she's inclined to grant OpenAI's motion to dismiss a trade secrets complaint from Elon Musk's xAI "in full," saying the plaintiffs have not provided enough facts to support claims that OpenAI poached employees and stole source code.

• Blake Cassels Guides Eldorado On $2.8B Foran Mining Deal

  By Al Barbarino

  Canadian metals producer Eldorado Gold said on Monday it has agreed to acquire Foran Mining in a stock and cash deal valuing Foran at about CA$3.8 billion ($2.8 billion), creating a top gold and copper producer with a diversified asset base across Canada, Greece and Turkey.

• Judge Says 'Piddling' Dispute Slowing Arts Grant Cut Cases

  By Pete Brush

  A Manhattan federal judge on Monday prodded groups seeking the reversal of $175 million of Trump administration cuts to grants for writers to move past a lingering privilege dispute, saying it won't "advance the ball" toward judgment.

• Urgent Care Co. Carbon Health Hits Ch. 11 With $100M+ Debt

  By Ben Zigterman

  Carbon Health Technologies Inc., an urgent care provider based in California, filed for Chapter 11 bankruptcy relief Monday in Texas, listing more than $100 million in liabilities.

• Latham, Gibson Dunn Steer Brookfield's $1.2B Peakstone Buy

  By Jade Martinez-Pogue

  Private equity giant Brookfield Asset Management, advised by Gibson Dunn & Crutcher LLP, on Monday unveiled plans to acquire Latham & Watkins LLP-led Peakstone Realty Trust in a $1.2 billion take-private transaction.

• Oilfield Co. Nine Energy Hits Ch. 11 To Cut $320M In Debt

  By Rick Archer

  Oilfield services provider Nine Energy Services filed for Chapter 11 protection in a Texas bankruptcy court Monday with a prepackaged plan to cut $320 million of its $388 million in debt with an equity swap.