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Corporate
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February 03, 2026
Convicted Oil Trader To Remain Free On Bond During Appeal
A Connecticut federal judge Tuesday ruled that an oil trader convicted of overseas bribery can remain free on bond while he appeals his Foreign Corrupt Practices Act and money-laundering convictions, saying a new trial might be possible if the Second Circuit finds fault with her jury instructions.
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February 03, 2026
AI Robot Co.'s Microsoft Ties Were Overblown, Investor Says
The developer of a purported artificial intelligence-powered bartender robot faces a proposed class action accusing it of misleading investors about Microsoft's involvement in its project, causing the company's share price to sink after the truth was revealed but not before the developer locked in a $38.7 million private placement deal.
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February 03, 2026
Netflix, Warner Bros. CEOs Defend Merger Before Congress
In a congressional hearing Tuesday, the CEO of Netflix distanced himself from any notion President Donald Trump has undue influence in the review process of the streaming company's proposed $82.7 billion acquisition of Warner Bros., despite the president's assertion that he will be "involved" with the merger review.
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February 03, 2026
Masimo Investors' $34M Deal In Revenue Suit Gets Initial OK
Masimo Corp. and its investors have received initial approval of a $33.8 million deal to settle claims that the medical and audio device company based its sales and revenue projections on unrealistic expectations for demand.
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February 03, 2026
TikTok, Cellspin Duel On Effects Of Sale In Patent Challenge
TikTok has told the U.S. Patent and Trademark Office that the sale of its majority stake in its U.S. operations to a new joint venture should eliminate a patent owner's argument that the app's alleged relationship with the Chinese Communist Party should tank its patent challenges.
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February 03, 2026
Online Betting Co. Beefs Up Penalties For Harassing Athletes
Online betting platform BetMGM will now suspend the accounts of users who harass or direct abuse toward an athlete, coach or other participant in a sporting event, potentially solving a problem leagues and players have tried to address recently.
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February 03, 2026
Chevron Denies Duty To Pay Subsidiary's $24M Drilling Tab
Chevron Corp. and a Venezuelan drilling company told a Texas federal judge in court-ordered briefs that they agree that the state's and Venezuelan laws apply to different parts of their $24 million contract dispute, although Chevron denies a valid agreement exists.
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February 03, 2026
Insurer Sues In Del. To Block Bausch & Lomb Suit In La.
Pointing to dispute resolution terms in an eye care product acquisition, an insurer has sued in Delaware's Court of Chancery for a preliminary injunction barring Bausch & Lomb Americas Inc. and affiliates from pursuing coverage for a suit filed in Louisiana despite an alleged Delaware-only forum restriction.
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February 03, 2026
SEC Official Floats Using AI In Adviser-Retail Investor Chats
The director of the U.S. Securities and Exchange Commission's investment management division said Tuesday that funds and advisers could one day use artificial intelligence agents to communicate with retail investors about what's contained in fund disclosure documents.
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February 03, 2026
Novartis, Sandoz Face New Generic-Drug Price-Fixing Suit
Adding to sprawling antitrust litigation against pharmaceutical giants, 42 states and territories sued Novartis AG, Sandoz AG and other drug companies in Connecticut federal court Monday, alleging that the companies colluded for years to fix prices and control markets for generic drugs.
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February 03, 2026
Musk Can't Dodge SEC's Twitter Share Buy-Up Suit
A Washington, D.C., federal judge ruled on Tuesday that Elon Musk cannot escape a U.S. Securities and Exchange Commission lawsuit accusing him of failing to timely disclose large Twitter share purchases made before he took the company private for $44 billion.
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February 03, 2026
OCC's Ex-Chief Of Enforcement Joins Morgan Lewis In DC
A former acting director of enforcement at the Office of the Comptroller of the Currency has joined Morgan Lewis & Bockius LLP's financial regulatory and enforcement litigation and investment management practices in Washington, D.C., marking his first move into private practice following an extensive career in public service.
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February 03, 2026
ESPN Wants Worker's COVID Vaccine Bias Lawsuit Dismissed
ESPN has asked a judge to dismiss a former remote video operator's religious bias lawsuit stemming from a COVID-19 booster vaccine mandate, saying the onetime worker exaggerated its corporate parent's links to the government when accusing the company of being an arm of the state.
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February 03, 2026
2nd Circ. Keeps Credit Suisse Collapse Suit Out Of US Courts
The Second Circuit on Tuesday declined to revive a shareholder suit accusing Credit Suisse and related entities of misconduct leading up to the bank's collapse, holding that a New York judge was not wrong to find that the litigation is overwhelmingly tied to Switzerland.
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February 03, 2026
Willkie Adds Paul Hastings Entertainment Litigator In LA
Willkie Farr & Gallagher LLP is expanding its litigation team, bringing in a Paul Hastings LLP entertainment litigator as a partner in its Los Angeles office.
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February 03, 2026
Dollar Tree Accused Of Woman's Freezer Death In $50M Suit
A Dollar Tree store in Miami was negligent in failing to enact measures that would have prevented the death of a woman who got trapped in a walk-in freezer, her family told a Florida state court in a complaint seeking $50 million.
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February 03, 2026
1st Circ. Pushes For Settlement In Mass. 'Right-To-Repair' Suit
The First Circuit suggested Tuesday that major automakers and the Massachusetts Attorney General's Office should work together to resolve a suit over compliance with a state law requiring open access to vehicle telematics systems.
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February 03, 2026
Squire Patton Hires Sheppard Mullin, Miller & Chevalier Attys
Squire Patton Boggs LLP has hired a corporate attorney and an antitrust litigator from Sheppard Mullin Richter & Hampton LLP and Miller & Chevalier Chtd., respectively, who are joining the firm as partners in Washington, D.C., according to two Tuesday announcements.
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February 02, 2026
Gibson Dunn, Sullivan & Cromwell Lead SpaceX, XAI Merger
Elon Musk announced Monday that SpaceX, represented by Gibson Dunn & Crutcher LLP, has acquired his artificial intelligence startup xAI, advised by Sullivan & Cromwell LLP, in a bid to launch space-based data centers, amid plans for an initial public offering that would value the aerospace company at more than $1 trillion.
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February 02, 2026
'We Have Not Done Enough' On Sex Assaults, Uber Exec Says
Uber's chief product officer, the final live defense witness Monday in a bellwether trial over the company's sexual assault liability in multidistrict litigation involving thousands of cases, rejected claims that Uber dragged its feet on implementing some safety measures, while conceding "we have not done enough."
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February 02, 2026
Investors File $150M Florida Suit Against PE Fund Managers
A group of investors brought a proposed class action against numerous private equity fund managers in Florida federal court Monday, alleging a conspiracy to steal $150 million and hide the money through complex investment schemes involving infrastructure, real estate and a merchant cash advance business.
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February 02, 2026
Zipcar Can't Be Liable For Renting To Drunk Driver, Panel Says
A California appeals court has tossed claims against Zipcar in a suit accusing the online car rental platform of causing a passenger's catastrophic injuries by renting out a vehicle to a drunk customer, saying certain duties of care owed by traditional rental agencies don't apply to car-sharing companies.
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February 02, 2026
Broker-Dealer Fined $750K Over Text Message Recordkeeping
Benjamin F. Edwards & Co. Inc. has agreed to a censure and $750,000 fine to settle the Financial Industry Regulatory Authority's allegations that the broker-dealer failed to properly supervise and preserve its employees' business-related text messages.
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February 02, 2026
CD&R To Pay $70M To Settle Covetrus Sale Dispute
Private equity firm Clayton Dubilier & Rice LLC and others have agreed to pay $70 million to settle a suit in Delaware's Court of Chancery by shareholders of animal health company Covetrus Inc. accusing them of failing to disclose vital information to shareholders when joining forces with another private equity firm to acquire Covetrus in 2022.
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February 02, 2026
Pandora Settles IP Suits By Robin Williams, Other Comedians
Pandora Media has resolved yearslong copyright infringement litigation by Robin Williams' estate, Lewis Black and other comedians, who alleged the streaming service owes millions for wrongfully profiting off their performances and works without licensing agreements, following a settlement conference in California federal court Friday.
Expert Analysis
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Limiting Worker Surveillance Risks Amid AI Regulatory Shifts
With workplace surveillance tools becoming increasingly common and a recent executive order aiming to preempt state-level artificial intelligence enforcement, companies may feel encouraged to expand AI monitoring, but the legal exposure associated with these tools remains, say attorneys at MoFo.
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How Insurers Are Wording AI Exclusions
Artificial intelligence exclusions are now available for use in insurance policies, meaning corporate risk managers must determine how those exclusions are interpreted and applied, and how they define AI, says David Kroeger at Jenner & Block.
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Traditional FCA Enforcement Surges Amid Shifting Priorities
The U.S. Department of Justice’s January report on False Claims Act enforcement in fiscal year 2025 reveals that while the administration signaled its intent to expand FCA enforcement into new areas such as tariffs, for now the greatest exposure remains in traditional areas like healthcare — in which the risk is growing, say attorneys at Debevoise.
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How 3 CFTC Letters Overhauled Digital Asset Guidance
The U.S. Commodity Futures Trading Commission recently issued three letters providing guidance for the use of digital assets in derivatives markets, clarifying the applicability of CFTC regulations across numerous areas of digital asset activities and leading to the development of standards to allow market participants to post digital assets as collateral, say attorneys at Morgan Lewis.
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How 2 Tech Statutes Are Being Applied To Agentic AI
The application of the Computer Fraud and Abuse Act and the California Invasion of Privacy Act to agentic artificial intelligence is still developing, but recent case law, like Amazon's lawsuit against Perplexity in California federal court, provides some initial guidance for companies developing or deploying these technologies, say attorneys at Weil.
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FTC Focus: Testing Joint Enforcement Over Loyalty Programs
The Federal Trade Commission's case against Syngenta can be understood both as a canary for further scrutiny over loyalty-discount practices and a signal of the durability of joint federal-state antitrust enforcement, with key takeaways for practitioners and those subject to regulatory antitrust scrutiny alike, say attorneys at Proskauer.
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NYC Bar Opinion Warns Attys On Use Of AI Recording Tools
Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.
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Series
The Biz Court Digest: Dispatches From Utah's Newest Court
While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.
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4 Quick Emotional Resets For Lawyers With Conflict Fatigue
Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.
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3 Key Ohio Financial Services Developments From 2025
Ohio's banking and financial services sector saw particularly notable developments in 2025, including a significant Ohio Supreme Court decision on creditor disclosure duties to guarantors in Huntington National Bank v. Schneider, and some major proposed changes to the state's Homebuyer Plus program, says Alex Durst at Durst Kerridge.
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Privacy Ruling Shows How CIPA Conflicts With Modern Tech
A California federal court's recent holding in Doe v. Eating Recovery Center that Meta is not liable for reading, or attempting to read, the pixel-related transmission while in transit reflects a mismatch between the California Invasion of Privacy Act's 1967 origins and modern encrypted, browser‑driven communications, says David Wheeler at Neal Gerber.
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Rescheduling Cannabis Marks New Tax Era For Operators
As the attorney general takes steps to move cannabis from Schedule I to Schedule III of the Controlled Substances Act, operators and advisers should prepare by considering the significant changes this will bring from tax, state, industry and market perspectives, says Michael Harlow at CohnReznick.
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Series
Playing Tennis Makes Me A Better Lawyer
An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.
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Justices' BDO Denial May Allow For Increased Auditor Liability
The Supreme Court's recent denial of certiorari in BDO v. New England Carpenters could lead to more actions filed against accounting firms, as it lets stand a 2024 Second Circuit ruling that provided a road map for pleading falsity with respect to audit certifications, says Dean Conway at Carlton Fields.
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FTO Designations: Containing Foreign Firms' Legal Risks
Non-U.S. companies can contain legal risks related to foreign terrorist organizations by deliberately structuring operations to demonstrate that any interactions with cartel-affected environments are incidental, constrained and unrelated to advancing harm on the U.S., says David Raskin at Nardello & Co.