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TOP NEWS
POLICY & REGULATION
ENFORCEMENT
Amazon Can't Nix MIT Economist Input On Antitrust Case
By Rachel Riley
A Seattle federal judge has shot down Amazon's bid to rule out a Massachusetts Institute of Technology professor's opinions backing proposed class antitrust claims, finding the expert used a "peer reviewed economic model based on real-world transactional data" to conclude that Amazon's "anti-discounting policies" heightened prices in other online marketplaces.
Order attached |
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LITIGATION
Cvent Investors Reach $12M Deal To End Take-Private Suit
By Katryna Perera
Stockholders of cloud-based event management technology provider Cvent Holding Corp. have reached a $12 million settlement with the company, its top brass and its controlling shareholder over claims that they breached their fiduciary duties in connection with the company's $4.6 billion take-private sale to affiliates of Blackstone Inc.
Settlement attached |
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Drugmaker Aquestive's Brass Sued Over FDA Setback
By Sydney Price
Executives and directors of pharmaceutical company Aquestive Therapeutics Inc. were hit with a shareholder's derivative suit Wednesday accusing them of ignoring deficiencies in a research study for Aquestive's allergic reaction treatment, which eventually prompted the U.S. Food and Drug Administration to reject the company's new drug application.
Complaint attached |
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SURVEYS
PEOPLE
EXPERT ANALYSIS
Fraud Enforcement, Sentencing Face Unusual Convergence
The Trump administration’s newly created task force to eliminate fraud and the U.S. Sentencing Commission’s recent proposals to scale back certain elements of the federal sentencing framework seem to point in opposite directions, creating a collision of policy priorities that may reshape how fraud cases are charged, negotiated and sentenced for years to come, says David Tarras at Tarras Defense.
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LEGAL INDUSTRY
Ramey Says Sanctions Violation Was 'Misunderstanding'
By Elliot Weld
William Ramey, an intellectual property attorney sanctioned in several federal jurisdictions, told a California federal judge Thursday that any violations of a previous sanctions order regarding his ability to practice law in the state were due to "good-faith misunderstanding of the scope of the court's order — not willful disregard."
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