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Eli Lilly Expands Vaccine Push With Deals Worth Up To $3.8B

A smart tablet displays a corporate logo with the word Lilly in script lettering.

By Al Barbarino

Eli Lilly and Co. said Tuesday it will buy three companies involved in vaccine development — Curevo Inc., LimmaTech Biologics AG, and Vaccine Company Inc. — for a total of up to roughly $3.83 billion.


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    The Fourth Circuit refused Tuesday to reopen a proposed class action claiming a private equity firm violated federal laws by abruptly shutting down a manufacturing plant, ruling decades-old U.S. Supreme Court precedent barred the former workers from suing simply to collect on a judgment against the manufacturer.

  • 8th Circ. Finds GE Exempt For Liability In $230M Fund Fight

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    General Electric Co. does not owe $230 million in pension obligations to construction employees covered by a boilermaker-blacksmith fund, the Eighth Circuit affirmed Tuesday, finding in a published opinion that GE qualified for a withdrawal liability exemption since "substantially all" of the employees worked in the building and construction industry.

  • USPTO Spurns Reexam Bid For Reusing Failed IPR Theories

    By Theresa Schliep

    A pair of U.S. Patent and Trademark Office examiners discretionarily denied a request for reexamination of a Fractus SA patent, saying the effort rehashed arguments from an America Invents Act challenge of the same patent that was denied for so-called settled expectations.

  • SEC's Atkins Floats Loosening IPO Communication Rules

    By Jessica Corso

    U.S. Securities and Exchange Commission Chairman Paul Atkins said Tuesday evening that the agency is in the process of writing rules aimed at encouraging more companies to go public, including by potentially relaxing prohibitions on communication between prospective public companies and investors.

  • 6th Circ. Rejects Mich. Reproductive Rights Challenge

    By Melanie Dorsey

    Abortion opponents and several parents lack standing to sue top Michigan officials, the Sixth Circuit said Tuesday, affirming dismissal of a suit challenging the state's voter approved reproductive rights amendment.

  • Sonrai's $59M Trade Theft Verdict Trimmed To $10.4M

    By Elliot Weld

    An Illinois federal judge has reduced a $59 million jury verdict won by garbage truck maker Sonrai Systems to $10.4 million in a case over a rival company poaching a Sonrai executive, finding that while the evidence showed the rival's behavior was reprehensible, it didn't merit the amount the jury awarded.

  • Latham, Milbank Guide Data Center Power Co.'s $2B IPO Pitch

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    By Kellie Mejdrich

    The Eleventh Circuit on Tuesday reinstated a proposed class action against a Southern Co. subsidiary from married retirees who said outdated life expectancy data caused them to lose out on benefits, holding that a lower court erred in ruling federal benefits law didn't require using reasonable actuarial assumptions in annuity conversions.

  • Sprint Says Cogent Fiber Suit Is Rehash Of Accounting Fight

    By Jarek Rutz

    Former telecommunications giant Sprint urged the Delaware Chancery Court on Tuesday to throw out internet company Cogent Infrastructure LLC's fraud and contract claims over a disputed fiber-optic network agreement, arguing that the companies already agreed to let an accounting expert make a final and binding decision on the fight over the $24 million purchase price at the center of the case.

  • Wiley Hit With Proposed Class Action Over Data Breach

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    Wiley Rein LLP has been hit with a proposed class action accusing the Washington, D.C., firm of negligence after the firm said a group that may be affiliated with the Chinese government accessed emails of firm personnel.

  • Honeywell's Quantinuum Launches Plans For $1B IPO

    By Jade Martinez-Pogue

    Quantum computer developer Quantinuum on Tuesday unveiled plans for an estimated $1 billion initial public offering led by Latham & Watkins LLP and Davis Polk & Wardwell LLP.

  • Fed. Circ. Won't Bring Back $469M Patent Verdict Against Dish

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    The Federal Circuit Tuesday refused to reinstate a $469 million jury verdict against Dish Network in a patent suit over technology that skips over sex and swearing in movies, rejecting ClearPlay's challenges to a Utah federal judge's decision wiping out the verdict.

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