Top Stories

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  Senate Confirms Chief Of New DOJ Fraud Division

  By Courtney Bublé

  The U.S. Senate voted 52-47, along party lines, on Tuesday to confirm Colin McDonald to the newly created assist...(read more)

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  Apollo $3.7B Nippon Deal Marks Its Largest Japan Investment

  By Al Barbarino

  Apollo said it has agreed to purchase Japan's Nippon Sheet Glass Co. at a $3.7 billion enterprise value, in a tr...(read more)

• Rubio Didn't Know About Friend's Venezuelan Oil Co. Deal

  By Carolina Bolado

  U.S. Secretary of State Marco Rubio would not have met with his old friend, former Rep. David Rivera, to discuss a government transition in Venezuela had he known Rivera's company had a contract with a subsidiary of Venezuela's state-owned oil company, Rubio told jurors Monday.

• Del. Lawmakers Roll Out Banking Overhaul, Stablecoin Bills

  By Jarek Rutz

  Delaware lawmakers unveiled a pair of bills Tuesday aimed at overhauling the state's banking laws, which their sponsors say would position Delaware at the forefront of digital finance and mark the most significant update to its financial code in more than four decades.

• Justices Weigh Change To Estoppel Rule Used In Ch. 13 Case

  By Alex Wittenberg

  The U.S. Supreme Court heard arguments Tuesday over whether the Fifth Circuit erred in letting judicial estoppel bar a Chapter 13 debtor from pursuing tort litigation after failing to disclose the claim to a bankruptcy court, weighing whether to apply a holistic test to determine if the debtor's mistake was inadvertent.

• 2nd Circ. Says Barclays Noteholders' Appeal Fails 'Slack' Test

  By Jessica Corso

  The Second Circuit on Tuesday upheld the dismissal of a lawsuit accusing Barclays PLC of selling unregistered securities following its loss of well-known seasoned issuer status, saying in a case of first impression that investors couldn't meet a test set out by the U.S. Supreme Court in 2023's Slack decision.

• Goldstein Seeks New Trial, Citing 'A Series Of Legal Errors'

  By Emily Sawicki

  SCOTUSblog founder and appellate icon Thomas Goldstein has filed a lengthy motion for a new trial or acquittal after his conviction on a dozen criminal charges related to tax evasion, alleging his trial was marred by improper jury instructions, improper exclusion of evidence and inadequate evidence, among other things.

• 6 Firms Guide Gilead's $2.2B Autoimmune Drug Play

  By Al Barbarino

  Gilead Sciences Inc. has agreed to acquire privately held Ouro Medicines for up to $2.175 billion and is in advanced discussions with Galapagos NV on a potential research and development collaboration on the assets, according to an announcement late Monday from Gilead.

• ITC Opens More Infringement Probes Into New IP Matters

  By Adam Lidgett

  The U.S. International Trade Commission has launched more infringement investigations over patents and other intellectual property that have not been in dispute there before, a trend attorneys say could be tied to a decision broadening who can get imports blocked as well as changes at the U.S. Patent and Trademark Office that limit patent challenges.

• Hefty Sentence Beamed To Victims Draws 2nd Circ. Scrutiny

  By Pete Brush

  The Second Circuit expressed concern Tuesday over a 20-year prison term imposed by a Manhattan federal judge on a Florida crypto fraudster, a punishment his lawyer argued was caused by unchecked victim vitriol expressed during a sentencing that was improperly broadcast.

• DC Judge Says Interior's Offshore Air Rule Not Arbitrary

  By Mike Curley

  A D.C. federal judge has sided with the U.S. Department of the Interior and an oil and gas group in a suit by environmentalists challenging a 2020 final rule on air pollution, finding that the rule isn't arbitrary or capricious, and falls within the agency's discretion.

• Nike Awarded $11M In TM Trial Against Influencer, Retailer

  By Adam Lidgett

  A Central District of California federal jury has found that a social media influencer and his streetwear brand should pay a total of $11 million for selling knockoff Nike products and infringing its trademarks.

• Cosby Liable For '72 Sex Assault, Accuser Awarded $59M

  By Rae Ann Varona

  A California jury Monday awarded $59.25 million in damages, including $40 million in punitive damages, to an 84-year-old woman who accused Bill Cosby of drugging and sexually assaulting her in 1972 after taking her to one of his comedy shows.

• SEC Must Give Video Of Elon Musk Interview To Oscar Winner

  By Rae Ann Varona

  The U.S. Securities and Exchange Commission must release a video interview of Elon Musk from its civil fraud investigation of the billionaire to a film company led by Oscar-winner Alex Gibney, a D.C. federal judge ruled Monday, saying the SEC already has publicized the interview's contents through a transcript.