Top Stories

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  Meta Owes $25B After NM Data Privacy Trial

  By Cara Salvatore

  A New Mexico judge ruled Wednesday that Meta must pay $25 billion for the "systematically broadcast" lies the so...(read more)

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  Getty Images Files Ch. 11 Case With More Than $1B Of Debt

  By Vince Sullivan

  Visual content company Getty Images Holdings Inc. filed for Chapter 11 protection Wednesday in Delaware bankrupt...(read more)

• 7 Firms Advise EQT, Qiagen On $12.1B Take-Private Deal

  By Hailey Konnath

  A long list of firms — including Davis Polk & Wardwell LLP, Linklaters LLP and Milbank LLP — are steering Sweden-based EQT Private Equity's $12.1 billion takeover of life sciences testing company Qiagen NV, according to a Wednesday announcement.

• Keurig Judge Aims Trimmed K-Cup Antitrust MDL Toward Trial

  By Lauren Berg

  A New York federal judge trimmed claims in multidistrict litigation accusing Keurig Green Mountain of anticompetitively cutting out rivals with exclusive dealings and exclusionary product design, but sent to trial a number of monopolization, tying and false advertising allegations, according to an order unsealed Tuesday.

• Snap Financial Reaches $664M Settlement With Red States

  By Spencer Brewer

  Consumer financial services company Snap Financial on Wednesday agreed to pay $664 million to 17 Republican-led states to end claims that it used misleading disclosures about its leasing arrangements.

• 3rd Circ. Questions Claims Of Bias In $6B Citgo Sale

  By Caroline Simson

  A Third Circuit panel appeared skeptical during more than two hours of oral arguments on Wednesday that an order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of Venezuelan debt should be overturned because of the appearance of bias.

• Game Co. Investors Seek OK Of $13M Deal On Valuation

  By Sydney Price

  Investors of online gaming company Shanda Games Ltd. have asked a New York federal court to preliminarily approve a $13 million settlement that would end claims the company severely and intentionally undervalued a 2015 going-private transaction.

• 9th Circ. Judges Hint Hospital CBA May Mandate Arbitration

  By Rachel Riley

  A Ninth Circuit panel appeared receptive on Wednesday to Long Beach Memorial Medical Center's argument that a nurse should be forced to individually arbitrate proposed class break claims, with two judges suggesting that a union contract's repeated references to Golden State labor law bolster the hospital's position.

• Verisk Denies Fault For Canceled $2.35B AccuLynx Deal

  By Jarek Rutz

  Verisk Analytics Inc. urged the Delaware Supreme Court on Wednesday to let it abandon its $2.35 billion acquisition of roofing software company AccuLynx, arguing a lower court wrongly blamed it for federal antitrust delays, while AccuLynx insisted the company must keep working to close the deal.

• Chinese Light Makers Reach Deal After $1.5M Patent Verdict

  By Adam Lidgett

  Chinese company Jiaxing Super Lighting has reached a deal to end a patent lawsuit over LED tube lamp products after a Texas federal jury earlier this year awarded the business $1.5 million in damages for infringing one of its patents.

• Playground Cos. Delay Deal Pending FTC Trial Eyed For March

  By Bryan Koenig

  Playground equipment makers PlayPower and BCI Burke have agreed to hold off on consummating their merger pending a Federal Trade Commission antitrust trial in California federal court eyed for "no later than March 15, 2027."

• 4 Firms Steer Cencora's $2.4B American Oncology Acquisition

  By Jade Martinez-Pogue

  Pharmaceutical distribution company Cencora unveiled plans Wednesday to acquire American Oncology Network Inc. in a deal that values the network at an enterprise value of $2.4 billion and was built by four law firms.

• Intuitive Surgical Strikes $450M Deal In Robot Antitrust Suit

  By Craig Clough

  Intuitive Surgical said in its quarterly earnings report Tuesday that it reached a $450 million settlement to resolve a hospital class action alleging it monopolized the market for servicing its da Vinci surgical robots, subject to approval by a California federal judge.

• CRH To Unload NJ Asphalt Plants For $8.5B Arcosa Deal

  By Matthew Perlman

  New Jersey state enforcers have reached an agreement allowing CRH plc to move ahead with its planned $8.5 billion purchase of Arcosa Inc., conditioned on the sale of several hot-mix asphalt plants in the state.