Top Stories

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  4 Firms Guide $16.3B Penske Automotive Take-Private Deal

  By Al Barbarino

  Penske Automotive Group Inc. said Thursday it has agreed to be taken private by its controlling shareholder, Pen...(read more)

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  Justices Appear Wary Of Broad Reach For Video Privacy Law

  By Allison Grande

  Several U.S. Supreme Court justices seemed hesitant Wednesday to take a more expansive view of the online activi...(read more)

• NYC Comptroller Urges Anthropic To Ease Risks Before IPO

  By Nate Beck

  New York City Comptroller Mark Levine is urging Anthropic PBC to pause plans for an initial public offering it says could value the company at $2 trillion, calling on the business to first resolve concerns over the technology's governance, safety and development pace.

• Cyber Incident Halts Bankruptcy Court Noticing Nationwide

  By Hilary Russ

  The nationwide system for providing notice to creditors in bankruptcy cases has been disrupted by a cybersecurity incident, and it is not currently known when the outage will end.

• 4 Firms Steer $6.1B CCC Intelligent Solutions Take-Private

  By Al Barbarino

  Four law firms are advising on an agreement announced Thursday to take insurance software provider CCC Intelligent Solutions Holdings Inc. private at an enterprise value of about $6.1 billion.

• Sweden's Biggest Bank To Pay $33M NY Fine Over AML Gaps

  By Jon Hill

  New York's financial services regulator has ordered Sweden's largest bank to pay a $33 million fine to resolve findings of past anti-money laundering deficiencies at its Baltic subsidiaries that allegedly exposed U.S. banks to heightened financial crimes risk.

• 11th Circ. Says Ga. Can Enforce Social Media Age Check Law

  By David Aaro

  The Eleventh Circuit struck down an injunction Thursday that blocked Georgia from enforcing its age verification law for social media platforms, finding that internet trade group NetChoice hadn't shown it was likely to prevail on its legal challenge to the statute.

• 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.