Top Stories

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  Ex-NYC Pol Denies Bribery Charges As Corruption Trial Opens

  By Frank G. Runyeon

  Counsel for Eric Ulrich, former commissioner of the New York City Department of Buildings, told a state judge Mo...(read more)

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  FTC Sues To Block Playground Equipment Deal

  By Matthew Perlman

  The Federal Trade Commission filed a lawsuit on Monday seeking to block private equity-backed playground equipme...(read more)

• 8th Circ. Panel Doubts Investors' Medtronic Insulin Pump Suit

  By Kellie Mejdrich

  The Eighth Circuit appeared skeptical Tuesday of investors' bid to revive allegations that medical device company Medtronic failed to properly communicate problems with an insulin pump device it manufactured and was ultimately recalled, with judges questioning arguments that certain interactions between the company and regulators weren't properly disclosed.

• New Rule On Invoking Defendant's Past Convictions Hits Snag

  By Phillip Bantz

  A yearslong effort to make it harder for prosecutors to invoke a criminal defendant's past convictions appeared to be gaining traction — until the senior executive arm of the Judicial Conference recently intervened and the U.S. Department of Justice abruptly withdrew its support for the proposal.

• 3 Firms Steer $1.97B Tradeweb, Trumid Credit Trading Deal

  By Al Barbarino

  Tradeweb Markets Inc. has agreed to acquire credit trading marketplace Trumid Holdings for approximately $1.97 billion, as the fixed-income trading platform looks to expand its presence across the bond life cycle.

• Albertsons Says It Offered $800M To Save Kroger Deal

  By Jarek Rutz

  Albertsons Cos. Inc.'s general counsel testified Tuesday that The Kroger Co. passed on proposed store divestitures that could have helped save their $24.6 billion merger, while Kroger's lawyers pointed to information shared with Albertsons and challenged its complaints about the process.

• Sher Tremonte Exiting Defense Of Combs In Abuse Civil Suits

  By Pete Brush

  A Manhattan federal judge gave Sher Tremonte LLP leave to stop representing Sean "Diddy" Combs in two private sexual abuse damages cases Tuesday, bringing to at least three such matters the litigation boutique has dropped in New York citing communication breakdown and nonpayment.

• 6 Firms Advise On Prudential's $4B Brazil, Mexico Sale

  By Al Barbarino

  Prudential Financial Inc. said Tuesday it has agreed to sell its businesses in Brazil and Mexico to French insurer CNP Assurances Group for $4.03 billion in cash, with Willkie Farr & Gallagher LLP and Skadden Arps Slate Meagher & Flom LLP among six international law firms advising on the deal.

• CMA Seeks Views On Intersurgical's Teleflex Deal

  By Irene Madongo

  Britain's antitrust regulator invited comments Tuesday on whether local medical device maker Intersurgical's proposed $530 million acquisition of two businesses could harm competition in U.K. markets.

• Ohio Justices Say Moratorium Ends Data Center Site Plan

  By Nate Beck

  The Ohio Supreme Court on Tuesday unanimously rejected a data center developer's call to force Lordstown, Ohio, to consider a plan for a project submitted days before the village council enacted a ban on the construction of any new data centers.

• Schneider Electric Raises €6B To Help Back PTC Acquisition

  By Irene Madongo

  Schneider Electric said Tuesday it has successfully raised €6 billion ($6.7 billion) in a share sale, which the French technology company intends to use to partially fund its planned $22.6 billion purchase of industrial software provider PTC Inc.

• 9th Circ. Open To Reviving P&G Shampoo 'Natural' Ad Fight

  By Dorothy Atkins

  A Ninth Circuit panel appeared open Monday to reviving a putative class action alleging The Procter & Gamble Co.'s Herbal Essences and Pantene shampoo labels dupe consumers by claiming 90% or 97% of ingredients are of "Natural Origin" or "Naturally-Derived," with two judges suggesting the case was prematurely tossed.

• 9th Circ. Doubts Kids Agreed To Arb. Roblox Gambling Claims

  By Dorothy Atkins

  A Ninth Circuit panel doubted Monday a website owner's arguments he is entitled to a trial over whether a putative class of minors agreed to arbitrate their claims Roblox and others operated an illegal gambling business, with one judge asking if the appellant wants 9-year-olds to attest to whether they entered a contract.

• NBA Ushers In A 'Risk-Aversion' Sports Betting Era

  By Alex Lawson

  More than a decade after the NBA clamored to legalize sports betting, the league opens its new season with an edict to restrict bets placed on its games, reflecting the pressure of a raft of recent gambling scandals.