Top Stories

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  EBay Settles Bloggers' Stalking Suit Before Trial 

  By Julie Manganis

  Auction site eBay and several former executives on Wednesday reported settling a lawsuit brought by a Massachuse...(read more)

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  Google Wins Second Shot To Trim £14B Ad Tech Class Action

  By William Janes

  Google won a second shot on Wednesday at trimming a £13.6 billion ($18.4 billion) U.K. class action on behalf of...(read more)

• Jefferies Faces Investor Fraud Suit Tied To First Brands Crash

  By Lauren Berg

  Jefferies Financial Group investors accused the financial services firm of misrepresenting the safeguards of a fund linked to now-bankrupt auto parts maker First Brands Group in order to secure their $25 million investment, according to a New York lawsuit made public Wednesday.

• White House Cites Fraud, Freezes $259M In Minn. Medicaid

  By Dan McKay

  The Trump administration on Wednesday said it would hold back $259.9 million in Medicaid funding for Minnesota as part of what it called an unprecedented effort to combat fraud in programs that support low-income families.

• OCC Unveils Landmark Stablecoin Rule Proposal

  By Jon Hill and Aislinn Keely

  The Office of the Comptroller of the Currency took a significant step Wednesday toward standing up its oversight framework for stablecoin issuers, proposing rules that lay out how licensing will work, what activities will be allowed and what prudential standards will apply.

• Contractors Could Face Lengthier Suits After Justices' Ruling

  By Madeline Lyskawa

  Government contractors could see more, longer litigation after the U.S. Supreme Court rejected GEO Group Inc.'s attempt to immediately appeal a district court order denying its claim for immunity from immigrant detainees' forced-labor claims.

• Dems Demand Explanation For DOJ Antitrust Chief's Exit

  By Lauren Berg

  Two Democrats on the House Judiciary Committee demanded Wednesday that U.S. Attorney General Pam Bondi explain to lawmakers why the U.S. Department of Justice's antitrust chief was forced to resign, expressing concern about the administration's potential interference with merger reviews and antitrust litigation.

• Valve Promotes Illegal Gambling In Its Games, NY AG Claims

  By Katryna Perera

  The New York attorney general Wednesday sued Valve Corp., claiming the video game developer has been illegally promoting gambling to children through games like Counter-Strike by "enticing" them to pay for chances to win virtual items, some of which can be rare and hold significant monetary value.

• DHS Policy On 3rd-Country Removals Unlawful, Judge Finds

  By Britain Eakin

  A Massachusetts federal judge ruled Wednesday that a class of individuals subject to removal to countries they have no ties to are entitled to meaningful notice and an opportunity to raise fears about the country they're being sent to.

• BLM Nom Faces Sen. Committee Heat Over Public Lands Stance

  By Keith Goldberg

  President Donald Trump's nominee to lead the U.S. Bureau of Land Management on Wednesday faced tough questions from a Senate energy panel over prior comments he made that advocated for selling off large swaths of public lands.

• Judge Skeptical Of Bid To Toss FTC's Zillow, Redfin Case

  By Matthew Perlman

  A Virginia federal judge seemed skeptical on Wednesday as Zillow Group Inc. and Redfin Corp. pushed their bid to toss the Federal Trade Commission's case over an alleged agreement between the real estate listing companies to not compete for rental ads.

• Engie To Buy UK Power Networks At $21.4B Enterprise Value

  By Al Barbarino

  French electric utility Engie said Wednesday it has agreed to acquire UK Power Networks, a top British electricity distribution operator, for an equity value of £10.5 billion ($14.2 billion) and an enterprise value of £15.8 billion, which is about $21.4 billion.

• Democrats Cast Doubt On New DOJ Fraud Role

  By Courtney Bublé

  During the confirmation hearing on Wednesday for President Donald Trump's nominee for the new assistant attorney general for fraud role, Democrats expressed anxiety about the White House's involvement in the fraud crackdown and how genuine the effort is.

• Novo's $2.1B Vivtex Deal Boosts Obesity Drug Pipeline

  By Al Barbarino

  Novo Nordisk said on Wednesday it is partnering with Vivtex Corp. on a deal worth up to $2.1 billion to develop drugs for obesity and related conditions, pressing ahead with a weight loss-drug franchise that has delivered rapid growth alongside regulatory scrutiny and courtroom clashes.