Top Stories

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  Teva, AbbVie To Face Trial Over Niaspan Pay-For-Delay Claims

  By Lauren Berg

  Long-running multidistrict litigation over AbbVie and Teva Pharmaceuticals' agreement to delay generic forms of ...(read more)

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  Meta Settles With Mental Harm Plaintiff On Eve Of LA Trial

  By Craig Clough

  Meta Platforms Inc. has reached a settlement during jury selection in the second Los Angeles bellwether trial ov...(read more)

• BREAKING: Snap Inks 11th Hour Deals Ending Social Media Harm Trial

  By Craig Clough

  Snap Inc. revealed Monday that it has reached settlements with two plaintiffs over claims its platform harms the mental health of children, cutting short the second such Los Angeles bellwether trial in the midst of jury selection.

• BREAKING: False Statements Case Against Ex-FBI Officials Tossed

  By Stewart Bishop

  A D.C. federal magistrate judge on Monday threw out a criminal case accusing two former senior FBI officials of lying to Congress about the bureau's investigations into Hunter Biden.

• Cancer Therapy Co. Karyopharm Hits Ch. 11 With Merger Plan

  By Alex Wittenberg

  Pharmaceutical company Karyopharm Therapeutics Inc. on Monday filed for Chapter 11 protection in a Texas bankruptcy court with $441.5 million in debt and a plan to merge with biotechnology firm Ayrmid Ltd.

• Pennsylvania Healthcare Group Hits Ch. 11 To Sell Hospital

  By Clara Geoghegan

  Holy Redeemer Health System filed for Chapter 11 protection in Pennsylvania to address about $441 million in liabilities, sell its hospital and restructure its senior and life care medical divisions.

• Outback Steakhouse Franchisee Hits Ch. 11 With $320M Debt

  By Rick Archer

  The operator of 61 Outback Steakhouse franchises in California and the Southwestern states Monday filed for Chapter 11 protection in Delaware with nearly $320 million in secured debt, saying the company had been "fatally undermined" by the COVID-19 pandemic.

• Fed. Judge A No-Show Amid Inquiry Into Her Mental Health

  By Craig Clough

  U.S. District Judge Ada Brown of the Northern District of Texas failed to appear Friday before a judicial investigative committee examining allegations that she abandoned her post and concerns that a mental condition may be interfering with her ability to perform her duties.

• Binance's $6.3B Crypto Hack Puts Customer Trust To The Test

  By Allison Grande

  The record $6.3 billion hack of Binance is likely to test customers' faith in the cryptocurrency giant, with its ability to repay losses and willingness to take steps to strengthen its cyber defenses poised to shape whether investors stick with the platform.

• 'I Can't Get An Answer': Fair Use Fight Irks Anthropic Judge

  By Dorothy Atkins

  A California federal judge overseeing music publishers' high-stakes copyright fight with Anthropic over song lyrics expressed frustration during a hearing Friday, calling Anthropic's fair use arguments "slippery" and citing an "overarching concern" that she can't get clear answers about the categories of AI outputs at issue.

• The SEC Is Reading Your Corporate AI Disclosures

  By Jessica Corso

  The top cop at the U.S. Securities and Exchange Commission says agency attorneys are on the lookout for at least two types of artificial intelligence-related fraud: those that use AI to dupe social media users and those committed by companies that fail to properly disclose their use of the new technology.

• 9th Circ. Backs Meta In Publisher's Appeal Over Account Ban

  By Hailey Konnath

  The Ninth Circuit Friday affirmed a lower court's dismissal of a Canadian news site's claim that Meta breached their agreement when it canceled the site's Facebook account, finding that Meta was acting in its capacity as a publisher and is therefore shielded by Section 230 of the Communications Decency Act.

• Mich. AG Challenges Google Data Center Power Deal Approval

  By Tom Lotshaw

  Michigan Attorney General Dana Nessel asked a state utility regulator Friday to reconsider its recent approval of DTE Electric Co.'s application to service a 1-gigawatt Google data center near Detroit, asserting that it should impose stronger ratepayer protections or vote the deal down.

• 2nd Circ. Rejects Reed Smith's Bid To Halt File Turnover

  By Bonnie Eslinger

  The Second Circuit denied Reed Smith LLP's emergency stay request to pause lower court decisions requiring it to turn over client files related to shipping company Eletson on Friday, saying in a succinct order the same day that the bid didn't meet requirements outlined by the U.S. Supreme Court.