Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week tackled disputes involving restrictive covenants, corporate governance, trade secrets, real estate investments, receiverships, and books and records demands.

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Yale, Biohaven Win $4M In Biotech Trade Secret Trial

By Ivan Moreno

A Delaware federal jury has awarded Yale University and Biohaven Therapeutics $4 million after finding that venture capital firm RA Capital Management GP breached a confidentiality agreement and, along with co-defendant Avilar Therapeutics, misappropriated a Yale-developed trade secret for designing protein-degrading drug molecules.

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Del. Judge Tosses Challenge To Envestnet's $4.5B Bain Sale

By Jarek Rutz

The Delaware Chancery Court has dismissed a stockholder challenge to Envestnet Inc.'s $4.5 billion take-private sale to Bain Capital affiliates, ruling that investors approved the deal through a fully informed vote and that the complaint failed to support claims that the company's independent directors or financial adviser Morgan Stanley acted improperly.

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Fed. Circ. Clears Boston Scientific In $49M Stent Patent Case

By Ryan Davis

The Federal Circuit on Monday overturned a $49.4 million patent judgment against Boston Scientific, ruling that the company's drug-eluting coronary stents did not infringe a patent owned by the University of Texas System and that the patent is invalid.

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Trump Admin Appeals Partial Block On Mail Ballot Order

By Julie Manganis

The Trump administration has asked the U.S. Supreme Court to step in after the First Circuit declined on Saturday to lift a lower court's order prohibiting the administration from enforcing restrictions on mail-in balloting in 23 states and the District of Columbia in this year's general election.

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SEC Fines Simplify $400K Over ETF Transaction Violations

By Katryna Perera

A Delaware-based registered investment adviser has agreed to pay a $400,000 fine to the U.S. Securities and Exchange Commission to resolve claims that, among other things, it caused an affiliated trust to engage in prohibited transactions and separately caused one of its exchange-traded funds to exceed leverage thresholds for derivatives trading.

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FTX's $1.8B Clawback Suit Against Binance, Zhao Can Proceed

By Sarah Jarvis

A Delaware federal bankruptcy judge has allowed FTX's bankruptcy estate to continue to try to claw back a $1.76 billion payment to the cryptocurrency platform though she trimmed certain claims.

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W.Va. Coal Plant Hits Ch. 11, Blames Ex-Leaders

By Ben Zigterman

The owner of a West Virginia coal-fired power plant filed for Chapter 11 relief Monday with more than $70 million of funded debt and plans to sell the facility, with the new management installed earlier this year accusing former executives of misconduct.

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Regeneron Says Drug Approval Irrelevant In Antitrust Case

By Matthew Perlman

Regeneron told a Delaware federal court the recent regulatory approval of a new cholesterol drug is irrelevant to its case accusing Amgen of bundling Repatha with other medications, as the court mulls an injunction bid following Regeneron's $407 million jury win.

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Series

Judges On AI: Examining Administrative, Organizational Uses

U.S. District Judge Alan Albright of the Western District of Texas examines how artificial intelligence could transform a court's ability to deal with administrative work and organize materials when preparing for hearings or drafting opinions, thereby affording judges more time to resolve contested issues.

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Brief

Milbank Issues Bonuses To Associates, Special Counsel

By Andrea Keckley

Milbank LLP is continuing to lead the way on bonuses, confirming Monday it has issued a round of special bonuses ranging from $6,000 for the class of 2026 and 2025 associates to $25,000 for the class of 2021 associates and beyond.

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Cooley Owes $25.4M Judgment To NJ Biotech Co. Founder

By Brian Steele

A New Jersey state court on Monday entered a $25.4 million judgment against Cooley LLP after a jury found the multinational firm had committed malpractice in its representation of a biotech founder who said his own lawyers assisted in shoving him out of his company.

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ABA Says Feds' Susman Godfrey DQ Bid Is More Intimidation

By Lauren Berg

The American Bar Association on Monday urged the D.C. federal judge overseeing its lawsuit challenging 2025 executive orders targeting law firms to reject the Trump administration's bid to have Susman Godfrey LLP disqualified as plaintiffs' counsel, calling it the latest "effort to intimidate" the American legal profession.

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Quinn Emanuel's Ethics Training 'Promising,' Judge Says

By Bonnie Eslinger

A California federal judge Monday approved a court-ordered ethics training program prepared by Quinn Emanuel in the wake of misrepresentations the firm made concerning an expert in a false advertising suit brought by Guardant Health against its client Natera, saying the firm had designed an "extremely promising" eight-hour program.

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Simpson Thacher Atty Says Patriot Nat'l Founder Sank Co.

By Madison Arnold

A Simpson Thacher & Bartlett LLP partner wrapped up her testimony Monday in a Florida state malpractice trial brought by the founder of Patriot National Inc., telling the jury that the founder was willing to forgo establishing a floor on the value of so-called Series B warrants, which he says contributed to the company's demise.

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300+ Public Defenders Strike In The Bronx

By Andrea Keckley and Daniel Moritz-Rabson

More than 300 attorneys and staff with the Bronx Defenders Union went on strike Monday, one year after the last time the union walked off the job.

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Comey Says Seashell Post No Threat To Trump

By Abigail Harrison

Former FBI Director James Comey urged a North Carolina federal court Monday to dismiss an indictment stemming from a social media post he made last year, arguing the post doesn't constitute a "true threat" to President Donald Trump.

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