Top Stories

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  Key Details As 3rd Circ. Ponders FCA's Fate, $1.6B J&J Fine

  By Jeff Overley

  Third Circuit judges Wednesday explored divergent views of the False Claims Act's constitutionality and a record...(read more)

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  2nd Circ. Judge Unimpressed By OpenAI's IP Suit Stance

  By Aaron Keller

  A Second Circuit judge on Wednesday expressed surprise when an OpenAI attorney couldn't explain whether the comp...(read more)

• Live Nation CEO Says He Can't Recall 'Market Power' Remark

  By Pete Brush

  Live Nation's longtime CEO sparred Thursday with states who say the $36 billion entertainment giant engages in monopolization, telling a Manhattan federal jury the business is a "better mousetrap" than rivals and saying he couldn't recall telling investors the company has "incredible market power."  

• Prologis, GIC Ink $1.6B Build-To-Suit Logistics JV

  By Grace Dixon

  Logistics real estate leader Prologis and investor GIC announced Thursday that they have formed a $1.6 billion joint venture to develop and own build-to-suit logistics facilities across major U.S. markets.

• AI Musician Cops To $8M Streaming Revenue-Inflation Scam

  By Pete Brush

  A North Carolina man told a Manhattan federal judge Thursday that he conspired to inflate music streaming payments using an army of fake accounts and artificial-intelligence generated songs, copping to a count of conspiracy and agreeing to forfeit $8 million.

• 3M, Bain Buying Madison Fire & Rescue For $1.95B

  By Jade Martinez-Pogue

  Worker safety and consumer goods conglomerate 3M, advised by King & Spalding LLP, and private equity giant Bain Capital on Thursday announced that they have agreed to acquire Paul Hastings LLP-advised Madison Fire & Rescue from Madison Industries in a $1.95 billion deal.

• Regulators Unveil Plans For Bank Capital Rule Overhaul

  By Jon Hill

  Federal regulators moved Thursday to launch a comprehensive overhaul of U.S. bank capital rules, rolling out a long-awaited package of proposed changes that are expected to shave billions off the aggregate amount of capital required for banks of all size ranges.

• Mullin's Nomination To Be DHS Secretary Goes To Full Senate

  By Courtney Bublé

  Sen. Markwayne Mullin's nomination to be secretary of the U.S. Department of Homeland Security was sent to the full Senate on Thursday.

• Zuckerberg, Snap CEO Likely Must Testify In School MDL Trial

  By Dorothy Atkins

  A California federal judge indicated Wednesday that Meta and Snap's CEOs will likely need to testify in an upcoming school district bellwether trial in the social media addiction multidistrict litigation, and declined Meta's bid to block arbitration demands, saying, "Meta's got plenty of money, go file a motion with the arbitration panel."

• Southwest Board Beats Suit In First Texas Corporate Law Test

  By Spencer Brewer

  A Texas federal judge on Tuesday dismissed a derivative suit claiming that Southwest Airlines Co.'s board of directors breached their fiduciary duties by abandoning the airline's famous "Bags Fly Free" policy, ending a significant challenge to the state's new corporate reform law. 

• Texas Biz Court's Likely Role In Patent Fights Becoming Clear

  By Dani Kass

  The Texas Business Court has released its first opinion exploring when intellectual property can be used to create jurisdiction, and attorneys say the decision involving state trade secret law offers insight into when patent matters can be pursued there.

• 4th Circ. Says Bankruptcy Stay Trumps Arbitration Agreement

  By Vince Sullivan

  A split Fourth Circuit panel ruled Wednesday that requiring a consumer debtor to arbitrate credit card collection actions would interfere with the clear purpose of the federal bankruptcy code, upholding a pair of lower court rulings that found alleged automatic stay violations by Goldman Sachs Bank should be dealt with through bankruptcy adversary proceedings.

• 10th Circ. Weighs Whether To Revive Suncor Pollution Suit

  By Rachel Konieczny

  The Tenth Circuit on Wednesday took on environmental justice groups' bid for the court to revive their claims that Suncor Energy polluted neighborhoods near its Colorado oil refinery, challenging Suncor on whether decades-old consent decrees bar the groups' claims.

• Feds Say It's End Of The Line For NY, NJ Hudson Tunnel Suit

  By Linda Chiem

  The Trump administration has asked a Manhattan federal judge to dismiss New York and New Jersey's attempt to force the federal government to continue funneling payments for the ongoing $16 billion rehabilitation of aging commuter train tunnels under the Hudson River.