Top Stories

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  Microsoft's Software Licensing Is Anticompetitive, CMA Says

  By Jamie Lennox

  Britain's antitrust watchdog is poised to sanction Microsoft after an inquiry criticized the anticompetitive eff...(read more)

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  White House Crypto Report Sets Blueprint For Coming Rules

  By Aislinn Keely and Jon Hill

  A long-awaited report from the President's Working Group on Digital Asset Markets that was released Wednesday en...(read more)

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• Tornado Was A One-Stop Crypto Laundering Shop, Jury Told

  By Stewart Bishop

  Manhattan federal prosecutors Wednesday made their final arguments in the money laundering and sanctions trial of Tornado Cash co-founder Roman Storm, claiming the cryptocurrency tumbler's privacy-focused ethos was just a fig leaf for dirty money that flowed through its "fancy online laundromat."

• DOJ Flags 'Unlawful Discrimination' To Gov't Fund Recipients

  By Sarah Jarvis

  The U.S. Department of Justice has outlined what it considers "unlawful discrimination" that federal funding recipients must avoid, including diversity, equity and inclusion programs, transgender athletes and "proxy" discrimination of assessing a job applicant's "cultural competence."

• NY Woman Cops To $30M Scam That Used Trump Event As Bait

  By Dorothy Atkins

  A New York woman pled guilty Wednesday to conspiring to defraud investors out of more than $30 million in a real estate fraud and illicit campaign finance scheme, which included using illegal foreign political donations to access a fundraiser for President Donald Trump to woo investors.

• Flo Likely To Get Health Privacy Claim Tossed In Meta Case

  By Bonnie Eslinger

  The California federal judge overseeing a trial on allegations that Flo Health and Meta Platforms Inc. violated the privacy of millions of women who used Flo's period tracker app said Wednesday he'd likely toss the California Confidentiality of Medical Information Act claim, saying the lack of evidence is an "unsurmountable" problem.

• Hytera Ordered To Immediately Escrow Subsidiary Sale Funds

  By Lauraann Wood

  Hytera Communications Corp. Ltd. must immediately place $69 million of proceeds of a subsidiary sale in escrow in light of the Chinese company's outstanding judgment and asset citation obligations in Motorola Solutions Inc.'s mobile radio trade theft case, an Illinois federal judge said Wednesday.

• NFT Trademark Ruling Highlights Free Speech Limits In Art

  By Ivan Moreno

  In ruling that nonfungible tokens qualify as trademarks, the Ninth Circuit last week followed guidance from the U.S. Supreme Court that the First Amendment cannot always protect expressive marks from infringement.

• GHG Regs Rollback Would Test Clean Air Act Interpretation

  By Juan-Carlos Rodriguez

  The U.S. Environmental Protection Agency's proposal to eliminate a pillar of climate change regulation could test the agency's — and courts' — interpretations of Clean Air Act language that has remained largely unquestioned since the Obama administration.

• Judge Denies Fired Copyright Chief's Reinstatement Bid

  By Ivan Moreno

  A D.C. federal judge ruled Wednesday that the fired leader of the U.S. Copyright Office cannot immediately be reinstated while she challenges her termination by the Trump administration, saying she has not shown irreparable harm to herself or that the agency "will grind to a halt without her."

• Mich. PBM Opioid Suit Belongs In State Court, Judge Told

  By Carolyn Muyskens

  Counsel for the State of Michigan argued Wednesday that a lawsuit accusing pharmacy benefit managers Express Scripts and OptumRx of fueling the opioid crisis is not subject to federal officer removal and should be sent back to state court.

• CoStar Claims Zillow Stole Copyrighted Property Photos

  By Isaac Monterose

  CoStar Group Inc. and CoStar Realty Information Inc. alleged Wednesday in New York federal court that property listings giant Zillow stole and profited off of more than 46,000 of CoStar's copyrighted real estate photos.

• Samourai Wallet Execs Cop To Money-Transmitting Charges

  By Pete Brush

  Two Samourai Wallet executives told a Manhattan federal judge Wednesday that they facilitated bitcoin transfers derived from criminal activity, pleading guilty to scheming to use their crypto-mixer as an unlicensed money transmitter but avoiding a more serious money-laundering conspiracy count.

• EQT Bids $2.7B To Pull Fujitec From Japan's Stock Exchange

  By Najiyya Budaly

  Swedish private equity shop EQT said Wednesday that it will make a $2.7 billion offer to take private Japanese elevator maker Fujitec Co. Ltd.