Top Stories

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  Mich. Jury Awards Televangelist $62M For Network's Racism

  By Melanie Dorsey

  A Black televangelist was awarded $62.2 million Wednesday by a Michigan federal jury that found that the white o...(read more)

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  Ropes & Gray Helps Galderma Buy ZO Skin Health For $1.5B

  By Dawood Fakhir

  Swiss skin care company Galderma said Wednesday that it has agreed to acquire a U.S. competitor in medical skin ...(read more)

• OCC Says Big Banks Cut Off Customers Over Reputation Risk

  By Jon Hill

  The Office of the Comptroller of the Currency is leveling fresh criticism at the biggest U.S. banks over so-called debanking, releasing a report that finds their use of reputational risk policies led to numerous instances of customers being "disadvantaged" based on their ideological views.

• Amazon Flags Possible Abuse In Chicago 'Schedule A' Suits

  By Ivan Moreno

  Amazon is moving to pause court-ordered fund transfers in more than a dozen trademark cases brought against large numbers of online sellers in Chicago federal court, saying that while it's not a party to the litigation, it's investigating whether some of the lawsuits were used to obtain money the retailer previously froze for reasons unrelated to the disputes.

• DC Circ. Not Fan Of EPA's Citation Habits In Methane Appeal

  By Nadia Dreid

  The D.C. Circuit didn't seem too sure Wednesday morning whether the U.S. Environmental Protection Agency had behaved how it ought to have when extending compliance deadlines for initiating requirements to reduce methane pollution from the oil and gas sector.

• 3rd Circ. Backs Pa. Regulator In Pipeline Approval Fight

  By George Woolston

  The Third Circuit on Wednesday affirmed a Pennsylvania regulator's approval of a Transcontinental Gas Pipe Line Co. project, ruling there was no evidence the water quality information pushed by environmental groups would have altered the outcome of the application.

• Litigation Funding Partners Clash Over Shift In Del. High Court

  By Jarek Rutz

  Priority Pre-Settlement Funding LLC and Brett K. Findler urged the Delaware Supreme Court on Wednesday to revive claims accusing Findler's former business partner of quietly shifting their litigation-finance business into hedge funds the partner controlled, while the other side argued Findler knew about the new structure, agreed to it and helped put it in place.

• AGs Say Character.AI Chats Must Be Protected In Ch. 11 Sale

  By Rick Archer

  A group of state attorneys general told a Delaware bankruptcy judge Wednesday that protection of minors and privacy concerns need to be addressed before the company behind artificial intelligence entertainment platform Character.AI is allowed to sell its data in its Chapter 11 case.

• Ex-BigLaw Atty Wants Firm Docs For Insider Trading Defense

  By Carolyn Muyskens

  A former BigLaw associate accused of insider trading is seeking records from ex-employers Sidley Austin LLP, Latham & Watkins LLP and Goodwin Procter LLP to help fight charges that he tipped others about nonpublic deals the firms were working on.

• Jenzabar Investors Ask Del. Justices To Revive $55M Suit

  By Jarek Rutz

  Jenzabar Inc. and former members of New Media Investors II LLC, an investment vehicle formed to hold Jenzabar securities, clashed before the Delaware Supreme Court on Wednesday over whether the investors can revive their suit seeking roughly $55.25 million tied to the higher education software company's stock warrants, even though the investment vehicle was canceled in 2017.

• 11th Circ. Says Fla. Can Enforce Social Media Teen Ban

  By Aneeta Mathur-Ashton

  The Eleventh Circuit has ruled that Florida can enforce its restrictions on social media for children, vacating and reversing a preliminary injunction that blocked the state's enforcement.

• Pa. County Urges Appeals Court To Revive Climate Suit

  By Keith Goldberg

  A Pennsylvania county's lawsuit that accuses oil companies of concealing the impacts of fossil fuels on climate change isn't preempted by federal law and should be revived, a state appellate court heard Wednesday.

• Fairfax Wins Approval For $5.56B Stake In India's IDBI Bank

  By Al Barbarino

  Canada's Fairfax Financial Holdings has won Indian government approval to acquire a 60.72% stake in IDBI Bank for 528.78 billion rupees ($5.56 billion), in what the Indian government said Wednesday would be the largest ever foreign direct investment in its financial sector.

• Manhattan DA Unveils Corporate Crime & Antitrust Task Force

  By Stewart Bishop

  Manhattan District Attorney Alvin Bragg on Wednesday announced the formation of a new task force that will focus on prosecuting corporate crime and antitrust violations, as part of a push to deter industrywide misconduct and promote systemic accountability for entities that encourage and enable financial crimes.