Top Stories

• 

  GE Vernova Taps Skadden For $9B Grid Equipment Buy

  By Al Barbarino

  GE Vernova said Wednesday it has agreed to purchase German high-voltage energy grid equipment company Trench Gro...(read more)

• 

  OpenAI Sued Over Epilepsy Death Allegedly Tied To ChatGPT

  By Emily Field

  ​The parents of a Chinese national with epilepsy who died earlier this year sued OpenAI on Tuesday in California...(read more)

• Electronics-Maker Says $48.5M Tax Suit Wrongly Tossed

  By Jarek Rutz

  Electronics manufacturer Flex Ltd. urged the Delaware Supreme Court on Wednesday to revive its bid for a $48.5 million tax distribution from its Nextracker Inc. spinoff, arguing the companies' agreements entitled it to the money, while Nextracker maintained Flex had agreed to bear the tax costs.

• Robinhood Agrees To Pause Sports Event Contracts In Ohio

  By Tom Lotshaw

  Robinhood Markets Inc. on Wednesday said it struck an agreement with Ohio's gaming commission to stop offering new sports-related event contracts in the Buckeye State in exchange for an enforcement reprieve while litigation over the contracts' legality plays out in federal courts.

• American, JetBlue Oppose Class Cert For Northeast Alliance

  By Matthew Perlman

  American Airlines and JetBlue are opposing a class certification bid from flyers suing over a past alliance between the airlines, telling a New York federal court the motion relies on a flawed economic model because there's no evidence of the pact causing higher fares.

• DOJ's New Comey Case May Get Stuck In Procedural Weeds

  By Phillip Bantz

  The Justice Department's last-minute attempt to stop the statute of limitations from expiring in the criminal case against former FBI Director James Comey over a decade-old allegation has raised an "open legal question" that could clarify procedural law and determine whether the prosecution moves forward, experts say.

• Trian-Led Investment Group Offers $1.4B To Acquire Wendy's

  By Al Barbarino

  A Trian Fund Management-led group of investors has proposed acquiring Wendy's for about $1.4 billion in a transaction that would take the fast-food chain private, a Wednesday securities filing shows.

• 4th Circ. Judge Wary of NC Abortion Drug Law Challenge

  By Dan McKay

  A Fourth Circuit judge on Wednesday sharply questioned the attorney for a physician challenging North Carolina restrictions on the abortion medication mifepristone, citing case law he said treats federal rules as a "floor and not a ceiling" on what states can require.

• Judge Hellerstein, Gruff Moderator Of Major Cases, Dies At 92

  By Pete Brush

  Judge Alvin K. Hellerstein, a former litigator and sometimes impatient Manhattan federal jurist who presided over decades of high-profile cases that often came under close appellate scrutiny, died Wednesday at the age of 92.

• At 4th Circ., DOJ Admits But Downplays Goldstein Trial Errors

  By Jeff Overley

  The U.S. Department of Justice late Tuesday acknowledged that it confused key statutory terms related to jury instructions at famed appellate advocate Tom Goldstein's criminal trial, while also insisting "the government's mistake here was understandable" and shouldn't upend a jury's guilty verdict.

• Anthropic's 'Existential Risks' Warning Sets Stage For AI IPOs

  By Sarah Jarvis

  Anthropic PBC's registration statement includes more than 90 pages of risk disclosures for prospective investors ahead of the Claude developer's planned public offering, including "existential risks to humanity" posed by advanced artificial intelligence and a corporate governance structure the company warns may make it difficult for voting shareholders to replace directors and managers.

• FCC OKs Amazon's $11.6B Globalstar Satellite Buy

  By Nadia Dreid

  The Federal Communications Commission has signed off on Amazon.com Inc.'s $11.6 billion plan to buy U.S. satellite company Globalstar Inc., bringing the e-commerce behemoth one step closer to expanding its nascent satellite internet business.

• 6 Firms Advise On Ares' $2.6B MidCap Financial Buy

  By Al Barbarino

  Ares Capital Corp. said Tuesday it has agreed to acquire middle-market lender MidCap Financial Investment Corp. in a stock-and-cash transaction for an enterprise value of about $2.6 billion, with six law firms advising on the transaction.

• 5-Hour Energy Sellers Ask 9th Circ. To Revive Antitrust Fight

  By Dorothy Atkins

  Family-owned wholesalers urged the Ninth Circuit to revive antitrust claims Tuesday alleging 5-Hour Energy violated price discrimination law by providing Costco with disproportionate promotional support, arguing the court wrongly applied an "extremely narrow view of antitrust injury."