Top Stories

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  OpenAI Knew AI Was Rogue Before Hugging Face, Suit Says

  By Dorothy Atkins

  A public interest law nonprofit sued OpenAI in California state court Tuesday, seeking to hold the ChatGPT maker...(read more)

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  Oura Cites Market 'Uncertainty' In Delaying Estimated $2B IPO

  By Jade Martinez-Pogue

  Fitness-tracking ring maker Oura on Tuesday revealed that it is delaying its planned initial public offering, ci...(read more)

• ICEE Scores $23M In Slush Puppie Frozen Drink TM Fight

  By Elliot Weld

  Frozen drink company ICEE was awarded $23 million in damages against rival Slush Puppie Ltd. by an Ohio federal judge who found that Slush Puppie had tried to divert customers to a product called Slushy Jack's and capitalize on Slush Puppie's brand recognition after selling the trademark rights to it.

• Ex-BDO Partner Says Board Retaliated With Equity Cut

  By Jarek Rutz

  A former BDO USA partner urged the Delaware Supreme Court on Wednesday to revive claims that the accounting firm improperly stripped him of equity after he announced plans to retire, arguing that even broad contractual discretion cannot be used in bad faith or retaliation.

• SEC Proposes Expanding Private Market Access

  By Jessica Corso

  The U.S. Securities and Exchange Commission on Wednesday issued proposals targeting funds and fund advisers while promising to grant more Americans access to the private markets, as part of Chairman Paul Atkins' efforts toward what he called "responsible retailization."

• Independence Blue Cross Will Pay $22.5M To End FCA Case

  By P.J. D'Annunzio

  Pennsylvania health insurer Independence Blue Cross has agreed to pay $22.5 million to resolve allegations from the federal government that the company violated the False Claims Act by submitting inaccurate and untruthful diagnosis for its Medicare Advantage Plan enrollees, the U.S. attorney's office in Philadelphia said Wednesday.

• 2nd Circ. Says EFAA Bars Arbitration Of Ex-Exec's Entire Suit

  By Grace Elletson

  The Second Circuit ruled Wednesday that an ex-executive can keep her case in court after asserting sexual harassment claims against a Texas law firm, ruling the Ending Forced Arbitration of Sexual Harassment and Sexual Assault Act shields her whole suit from arbitration — not just her sexual misconduct claims.

• CMA Concerned About Cash Management Co.'s $6.6B Deal

  By Irene Madongo

  Britain's antitrust watchdog said Wednesday that cash management business Brink's Co.'s planned $6.6 billion acquisition of NCR Atleos Corp. could substantially reduce competition in the U.K. market following its initial probe into the merger.

• National Pool Supply Co. Hits Ch. 11 With $685M Debt Deal

  By Rick Archer

  Pool supplier Leslie's Inc. has filed for Chapter 11 protection in Texas bankruptcy court, saying it has the agreement of the majority of its lenders on a $685 million debt-for-equity restructuring plan.

• Bristol-Myers, Natco And More Can't Ditch Cancer Drug MDL

  By Hailey Konnath

  A New Jersey federal judge Tuesday refused to throw out sprawling antitrust multidistrict litigation over Celgene Corp.'s cancer drug Revlimid filed against Bristol-Myers Squibb, Natco Pharma, AbbVie and other pharmaceutical companies, ruling that buyers' pay-for-delay claims are plausible at this stage in the litigation.

• P&G Calif. Buyers Nab Class Cert. In Tampon Lead Suit

  By Lauren Berg

  A California federal judge Tuesday certified a class of consumers who allege that the Procter & Gamble Co. failed to disclose that its tampons contain unsafe amounts of lead.

• Social Media Cos., Teens Spar Over Evidence Ahead Of Trials

  By Rae Ann Varona

  Social media companies and teens who allege the companies harmed their mental health sparred in California state court Tuesday over what evidence jurors will hear in an upcoming round of bellwether trials, including whether jurors should hear purported instances of domestic violence in the teens' home lives.

• Fanatics, NFL, NBA, MLB Defeat Trading Card Monopoly Suit

  By Hailey Konnath

  A New York federal judge Tuesday threw out trading card customers' suit claiming that Fanatics manipulated the market through exclusive deals with major sports leagues and players' associations, finding that the customers don't have standing to bring their claims.

• Monsanto Starts First Roundup Trial Since High Court Ruling

  By Cara Salvatore

  A Missouri jury heard opening arguments Tuesday in the first Roundup cancer trial since the U.S. Supreme Court weighed in on the matter, with a lawyer for three plaintiffs saying Monsanto minimized decades of ominous testing, ghostwrote scientific papers and engineered a dubious EPA approval.