Takeda Liable In IBS Drug Pay-For-Delay Trial
By Carolyn Muyskens
A federal jury in Boston on Monday found Takeda Pharmaceuticals conspired with a generic-drug maker to delay the launch of a generic version of Takeda's anti-constipation drug, awarding purchasers $885 million, a figure that's expected to swell after a rule tripling plaintiffs' antitrust damages is applied.
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Judge Lauds Wells Fargo Settlement In 'Fake' Diversity Suit
By Sydney Price
A California federal judge has given final approval to a deal between Wells Fargo investors and executives in a derivative suit claiming the bank's leadership failed to address the company's discriminatory lending practices and engaged in "fake" interviews with diverse candidates, calling the assistance fund resulting from the settlement "significant."
Order attached |
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Nikola Founder Accused Of Dodging $2.5M Settlement Share
By Lauren Berg
Nikola Corp. founder Trevor Milton "has not paid a dime" of his $2.5 million share of an eight-figure settlement resolving shareholder litigation over a fraud-shadowed special purpose acquisition company merger, the bankrupt electric vehicle company's trustee claims, asking the Delaware Chancery Court to hold the billionaire in contempt.
Motion attached |
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PRODUCT LIABILITY
EMPLOYMENT & BENEFITS
American Express Hit With 401(k) Target-Date Fund Suit
By Kellie Mejdrich
Former American Express workers hit the credit card giant with a proposed class action in New York federal court, alleging that underperforming target-date and other investment funds in the company's 401(k) plan — with approximately $9 billion in assets and 40,000 participants — lost workers hundreds of millions in future savings.
Complaint attached |
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SECURITIES
COMPETITION
CYBERSECURITY & PRIVACY
CONSUMER PROTECTION
Amazon's Subscribe & Save Duped Consumers, Suit Says
By Rachel Riley
Two Pennsylvania consumers targeted Amazon's Subscribe & Save feature in a proposed class action filed in Seattle federal court Monday, claiming the e-commerce giant tricks shoppers into registering by pricing eligible items lower than other sellers, then jacks up those prices once customers are committed to automatic future purchases.
Complaint attached |
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INSURANCE
Aetna Denied A Freeze On Trans Facial Surgery Order
By Kellie Mejdrich
A Connecticut federal judge ordered Aetna to comply with a preliminary injunction requiring it to reconsider coverage denials affecting two transgender health plan participants who sought gender-affirming facial surgery, refusing to stay the insurer's compliance obligations during its pending appeal in the proposed class action.
Order attached |
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LIFE SCIENCES
BANKING
TAXES
REAL ESTATE
SPORTS & BETTING
EXPERT ANALYSIS
LEGAL INDUSTRY
Health Co. Wants Kirkland Off IP Case For 'Cardinal Sin'
By Elliot Weld
A healthcare company suing medical technology company Commure Inc. over alleged trade secret theft has said Kirkland & Ellis LLP should be disqualified from representing Commure because the healthcare company had tried to retain Kirkland prior to filing the suit and shared confidential information before anyone asked who the defendant was going to be.
Motion attached |
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Ex-Willkie Atty Banned By SEC For Insider Trading
By Emily Sawicki
A former Willkie Farr & Gallagher LLP mergers and acquisitions attorney who earlier this month admitted to taking part in a widespread BigLaw insider trading scheme will be barred from representing a client before the U.S. Securities and Exchange Commission for a minimum of four years, according to an order the agency issued Monday.
Order attached |
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