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TOP NEWS
EMPLOYMENT & BENEFITS
UCHealth Workers Fight Bid To Toss Wage Suit
By Benjamin Morse
Two former hospital workers urged a Colorado federal court to keep alive their proposed class and collective action alleging University of Colorado Health shorted hourly employees through a time-rounding policy and denied them required meal and rest breaks, saying their claims are sufficiently detailed to proceed.
2 documents attached |
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SECURITIES
Zenas Wins Dismissal Of IPO Suit Over R&D Spending Claims
By Katryna Perera
A Massachusetts federal judge has permanently dismissed an investor suit alleging Zenas BioPharma hid how quickly it was spending money before its 2024 initial public offering, saying the company warned investors before the IPO that its drug-development costs were high and rising, and therefore did not have to provide a quarter-by-quarter spending breakdown.
Order attached |
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Securities Cos. Hit With Spoofing Suit In Florida
By David Minsky
An investor is accusing Citadel Securities LLC and Virtu Americas LLC of securities violations in Florida federal court, saying in a proposed class action that the broker-dealer firms used the illegal trading strategy known as spoofing to artificially depress a technology company's market value, enriching themselves in the process.
Complaint attached |
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PRODUCT LIABILITY
CYBERSECURITY & PRIVACY
CONSUMER PROTECTION
IP & TECHNOLOGY
Authors Ask Calif. Court For Win In AI Training Copyright Case
By Elliot Weld
Several authors suing artificial intelligence firms Databricks and Mosaic ML have asked a California federal judge for a favorable ruling on their claims of direct copyright infringement for what they say was the mass ingestion of their works for AI training, saying the companies' conduct was "undoubtedly substitutive and plainly harmed the market" for their books.
Motion attached |
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INSURANCE
EXPERT ANALYSIS
$885M IBS Drug Verdict Tests Pay-For-Delay Limits
The outcome in the Amitiza Antitrust Litigation is significant because it is the first jury trial win for private antitrust plaintiffs in a suit challenging a patent settlement reverse payment since the U.S. Supreme Court adopted the rule-of-reason legal framework in 2013, offering a blueprint for pay-for-delay claims, say attorneys at Katten.
Verdict attached |
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LEGAL INDUSTRY
Watchdog Says DOL Needs Better Info Sharing Controls
By Kellie Mejdrich
The U.S. Department of Labor's lack of controls over information sharing between subagencies and nongovernmental entities, including law firms and legal advocacy organizations, may have unfairly advantaged those parties with privileged investigative information, an agency watchdog reported, though use of the practice has dropped off.
Report attached |
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