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SpaceX Launches Plans For Massive $75B IPO

The SpaceX logo in silver seen on the side of a building, shown from below with the cloudy sky visible

By Jade Martinez-Pogue

SpaceX on Wednesday outlined a price target for its blockbuster initial public offering, telling U.S. regulators that it expects to raise $75 billion in what would mark the largest IPO in history.


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    1st Circ. Panel Seems Poised To Uphold RI Drug Pricing Law

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    The majority of a First Circuit panel seemed unlikely Wednesday to upend a Rhode Island law that blocks drug man...(read more)

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    Paul Weiss, Weil Steer $1.9B Wellington-Hartford Funds Deal

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  • Balwani Takes Theranos Conviction Challenge To Justices

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    Former Theranos executive Ramesh "Sunny" Balwani is asking the U.S. Supreme Court to review his criminal fraud conviction and nearly 13-year prison sentence, arguing that the Ninth Circuit used the wrong review doctrine in rejecting his argument that prosecutors had failed to correct allegedly false testimony given by investor victims.

  • Ex-Pitcher, Philanthropist Owe $176M For Fatal Crash

    By Cara Salvatore

    A California jury said Wednesday a philanthropist and a former Major League Baseball pitcher should pay a total of $176 million over a car crash that killed two children as they crossed the road, after hearing allegations the defendants had been drinking and speeding.

  • 9th Circ. Suspends 2 Attys For 6 Months Over AI Hallucinations

    By Rae Ann Varona

    The Ninth Circuit on Wednesday temporarily suspended two California immigration attorneys from practicing before the appellate court for filing briefs in a deportation relief case containing artificial intelligence-generated hallucinations, finding no excuse for their "extraordinary confession" of not vetting citations used by unlicensed brief writers.

  • DHS' Mullin Tells Sens. Ábrego García Can Go To Costa Rica

    By Jared Foretek

    Homeland Security Secretary Markwayne Mullin told U.S. senators on Tuesday that his agency would "be happy to send" Kilmar Ábrego García to Costa Rica, and attorneys for the once-wrongfully deported Salvadoran national are now using the comment in court.

  • Iconic Lamp Design Isn't MillerKnoll's, 6th Circ. Told

    By Susan Smiley

    Counsel for the family of the late designer George Nelson told a Sixth Circuit panel Wednesday that a lower court decision awarding intellectual property rights for his iconic bubble lamp to furniture company MillerKnoll was based on a faulty interpretation of a 2015 contract amendment and should be overturned.

  • Bankrupt Hospital Can't Exit $3B BCBS Antitrust Deal

    By Danielle Ferguson

    A bankrupt Alabama hospital with "settler's remorse" can't bail on a multibillion-dollar antitrust settlement with Blue Cross Blue Shield, a federal judge ruled Tuesday.

  • Court Reporter Shortage A 'Crisis,' Calif. Supreme Court Told

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    Two legal nonprofits urged the California Supreme Court to issue an order entitling low-income civil litigants to electronic recording if a live court reporter is not available, saying at a hearing Wednesday that a court reporter shortage in the Golden State has created a "crisis."

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    Sysco's CEO has disclosed that U.S. antitrust enforcers launched an in-depth probe into the wholesale restaurant food distributor's plan to acquire Jetro Restaurant Depot at a total enterprise value of approximately $29.1 billion, while expressing confidence that officials will find no issues with the transaction.

  • Google Can't Ditch Most Chrome Privacy Claims

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    A California federal judge Tuesday largely denied Google's bid to dismiss several claims in long-running litigation that accuses the tech giant of surreptitiously collecting Chrome users' personal data, after the plaintiffs elected to move forward with individual claims following their failed class certification bid.

  • SEC Climate Rule Reversal May Spark Fresh Lawsuit

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    The Sixth Circuit's recent decision in Schoening Investment v. Cincinnati Casualty throws into relief the fine lines of courts' vary... (read more)
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