Top Stories

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  CFTC Takes 1st Steps Toward Prediction Market Regulations

  By Jessica Corso

  The U.S. Commodity Futures Trading Commission opened the door Thursday to promised prediction market regulation,...(read more)

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  Feds Sue To Stop California's 'Illegal' EV Regulations

  By Linda Chiem

  The Trump administration sued California on Thursday, alleging the Golden State over a decade ago adopted "illeg...(read more)

• Musk Banker Tells Jury Twitter Held Up Takeover Deal

  By Bonnie Eslinger

  An ex-Morgan Stanley banker who advised Elon Musk on his $44 billion Twitter acquisition testified Thursday in a trial seeking billions for investors claiming Musk tanked the social media company's stock to disrupt the takeover, saying Twitter was the one that obstructed the deal.

• 9th Circ. Partially Lifts Block On Calif. Kids' Privacy Law

  By Allison Grande

  The Ninth Circuit on Thursday scrapped part of an injunction halting a groundbreaking California law requiring social media platforms to bolster privacy protections for children, finding that the tech trade group behind the lawsuit wasn't likely to succeed on its First Amendment challenge to the statute's coverage definition and age estimation mandate.

• SeaWorld Broke Sesame Street License Agreement, Suit Says

  By Rae Ann Varona

  SeaWorld is flouting its obligations under a licensing agreement for the Sesame Street brand, the nonprofit behind the children's television series alleged Thursday in New York federal court, accusing the theme park giant of carrying out a "retaliation campaign" after losing an arbitration over unpaid royalties.

• Social Media 'Lions' Hunted Plaintiff Like Gazelle, Jury Told

  By Craig Clough

  The plaintiff's attorney in a bellwether trial accusing Meta Platforms Inc. and Google LLC of harming children's mental health encouraged a California jury during closing arguments Thursday not to buy the defendants' focus on his client's difficult childhood, saying it only weakened her to their social media "addiction machine" like a vulnerable gazelle being hunted by lions.

• Ex-Dealer's Retaliation Suit Against Harrah's NC Revived

  By Gina Kim

  The Fourth Circuit on Thursday revived employment retaliation claims against Harrah's and Caesars Entertainment by a former table games dealer, finding the lower court abused its discretion by making "speculative assertions" about the need to add as a defendant a related tribal gaming enterprise.

• DC Circ. Spends Hours Debating 'Same' Generic Label Reqs

  By Nadia Dreid

  The D.C. Circuit spent more than three hours Thursday going round with Vanda Pharmaceuticals and the U.S. Food and Drug Administration about whether the label for a generic sleep-wake disorder medication is "the same" as the branded one because it doesn't include Braille.

• Tom's Toothpaste Trims Class Action Over Lead Levels

  By Jonathan Capriel

  Tom's of Maine can't beat back proposed class claims it allowed heavy metals to taint its children's toothpaste, a New York federal judge ruled Wednesday, finding that the parent behind the suit adequately claimed the company falsely marketed the products as "safe" and "healthy."

• IP Notebook: TM Use At High Court, Popeye, Kurt Cobain

  By Ivan Moreno

  This edition of emerging copyright and trademark cases and trends looks at an appeal before the U.S. Supreme Court that questions the definition of trademark "use in commerce" under the Lanham Act and a battle over the use of "Popeye" as a trademark.

• Meta To Face Sanctions Bid Over Addiction MDL Privilege Log

  By Dorothy Atkins

  School district plaintiffs and attorneys general have told a California federal judge they plan to seek sanctions against Meta Platforms Inc. in the social media addiction multidistrict litigation for the tech giant's "extremely belated production" of over 73,841 documents downgraded off privilege logs, months after fact discovery closed.

• UBS Whistleblower Suit Ends In Settlement After Retrial Order

  By Sarah Jarvis

  A New York federal judge on Thursday dismissed a fired UBS worker's whistleblower retaliation lawsuit after the parties reached a settlement in principle earlier this week, ending a long-running case that was revived by the U.S. Supreme Court and saw the judge order a retrial last month.

• Tariff Refund System Taking Shape, US Customs Tells CIT

  By Kevin Pinner

  U.S. Customs and Border Protection is making progress developing a system for importers to claim refunds for the global tariff regime struck down by the U.S. Supreme Court, an official told the U.S. Court of International Trade on Thursday.

• Full 9th Circ. Deeply Divided On Rehearing TPS Vacatur

  By Britain Eakin

  The full Ninth Circuit delivered 51 pages of concurrences and dissents while declining to revisit a unanimous panel decision that found Homeland Security Secretary Kristi Noem lacked the authority to vacate a temporary protected status extension for Venezuela.