Top Stories

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  OpenAI Raising Up To $40B In SoftBank-Led Funding Round

  By Al Barbarino

  Wachtell Lipton Rosen & Katz-led OpenAI has secured an agreement for up to $40 billion in funding led by Japan's...(read more)

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  J&J Talc Spinoff's Ch. 11 Case Gets Tossed, Erasing $9B Deal

  By Alex Wittenberg

  A Texas bankruptcy judge rejected Johnson & Johnson's third attempt to use Chapter 11 to settle thousands of cla...(read more)

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• Acting USPTO Leader Says New Policies Will Bolster Patents

  By Ryan Davis

  Acting U.S. Patent and Trademark Office Director Coke Morgan Stewart said at a conference Tuesday that new policies including having her take an active role in determining whether patent challenges should be denied are part of an effort to "reinvigorate our IP system."

• Fox News Contributor Says Simon & Schuster Stole Book Idea

  By Elliot Weld

  Fox News contributor and writer Gregg Jarrett is suing publisher Simon & Schuster LLC and his former literary agency Vigliano Associates Ltd., alleging they stole the idea for a book he was planning to write about legal cases against President Donald Trump and had another writer develop it.

• Willkie Becomes 3rd Firm To Reach Deal With Trump

  By Alison Knezevich

  After issuing a string of executive orders in recent weeks targeting BigLaw firms, President Donald Trump announced Tuesday that Willkie Farr & Gallagher LLP had agreed to provide $100 million in pro bono legal services for certain causes and to refrain from what Trump has called discriminatory diversity hiring practices.

• Ex-Biotech CEO Wrongly Sentenced To 7 Years, DC Circ. Told

  By Ali Sullivan

  A former biotech executive who pled guilty to misleading investors about a blood-based COVID-19 test urged the D.C. Circuit to order a redo of his seven-year prison sentence on Tuesday, telling an appeals panel that the trial court miscalculated the sentencing guidelines.

• Fight Over AI Training Pushes Copying Question To Forefront

  By Ivan Moreno

  When courts weigh fair use in copyright disputes, how much a defendant takes from a particular work is usually overridden by other factors. But with artificial intelligence requiring immense amounts of training material, a legal tech company is trying to change that as it battles infringement claims by Thomson Reuters over the media company's Westlaw platform.

• NYT Demands OpenAI President Testify As Long As Staff

  By Ivan Moreno

  The New York Times has asked a federal judge to order that OpenAI president Greg Brockman sit for a standard deposition this month in copyright lawsuits over material used to train large language models, saying he should not be considered an "apex" witness who can testify for less time than his employees.

• Paramount Investor Gets Partial Win In $8B Merger Doc Suit

  By Jeff Montgomery

  A top Paramount Global stockholder who sued for books and records on the company's proposed $8 billion acquisition by Skydance Media won Delaware Court of Chancery admission of dozens of documents Tuesday, with a rare, closed ruling to follow on confidentiality claims for other still-held-back records.

• Judges Say Hurricanes May Justify FERC Pipeline Inaction

  By Jared Foretek

  Judges on the D.C. Circuit told environmental groups challenging the construction of a liquefied natural gas pipeline and terminal in Puerto Rico Tuesday that the project was likely necessary to keep the island powered through hurricane season even without a full authorization from the Federal Energy Regulatory Commission.

• Venezuelans Asks Justices To Keep Block On Removals

  By Katie Buehler

  Five detained Venezuelans urged the U.S. Supreme Court on Tuesday to deny President Donald Trump's move to lift a D.C. federal judge's order prohibiting the removal of alleged gang members from the U.S. under the Alien Enemies Act, arguing the president's "staggering" assertion of authority under the wartime law is unsubstantiated.

• Venezuelans Can Keep DHS Removal Protections For Now

  By Hailey Konnath

  A California federal judge on Monday temporarily halted U.S. Department of Homeland Security Secretary Kristi Noem's attempt to end temporary deportation protections for hundreds of thousands of Venezuelans, calling it an "unprecedented action" that is likely "unauthorized by law, arbitrary and capricious, and motivated by unconstitutional animus."

• Trump Names 3 US Atty Picks For Idaho, Iowa, South Dakota

  By Lauren Berg

  President Donald Trump on Monday announced his picks for three U.S. attorney positions, including two familiar faces returning to Idaho and South Dakota.

• Hooters Hits Ch. 11 With Plans For Restaurant Sales

  By Rick Archer

  Restaurant chain Hooters filed for Chapter 11 protection in a Texas bankruptcy court late Monday with about $380 million in debt, saying it has reached a deal to shed its company-owned restaurants and trade debt for equity.