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TOP NEWS
Thermo Fisher Says TRO Needed To Protect $8.9B Deal
By Jarek Rutz
A Delaware Chancery Court judge said Tuesday he is still weighing whether to temporarily block a former Thermo Fisher Scientific Inc. executive from joining Fortrea Holdings Inc., signaling that the dispute turns on difficult questions about the scope of restrictive covenants while cautioning the parties not to assume how he will rule.
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Pasco Bank Says It Fired Ex-CEO To Preserve Itself
By Sydney Price
The First National Bank of Pasco pushed back on a suit from its former CEO alleging he was wrongfully terminated for filing a whistleblower report with the Office of the Comptroller of the Currency, arguing that the bank was within its discretion to fire him for any reason, including to protect the bank from his management practices.
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EXPERT ANALYSIS
How CME Suit May Reshape CFTC's Crypto Derivatives Rules
CME Group's recent lawsuit over the U.S. Commodity Futures Trading Commission's approval of a Kalshi application to offer a bitcoin perpetual contract as a futures product could have cascading consequences for crypto derivatives regulation, highlighting why policy ambitions do not override statutory text or substitute for reasoned decision-making, says attorney Tamara de Silva.
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LEGAL INDUSTRY
Blanche Denies Conflict With Family's Firearms Company
By Courtney Bublé
Acting Attorney General Todd Blanche has close ties through his wife's family to a gun manufacturer that does federal contracting, but he told senators in questions following his confirmation hearing there is no conflict of interest, despite his service on a Justice Department task force aimed at rolling back gun control initiatives around the country.
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Senate Confirms Trade Court Pick Despite Past GOP Posts
By Courtney Bublé
The U.S. Senate voted 50-48 Tuesday evening to confirm Kara Westercamp, associate counsel to the president, to the U.S. Court of International Trade, who said during her confirmation in March she regretted her past social media posts critical of Republicans, including Sens. Mitch McConnell, R-Ky., Susan Collins, R-Maine, and the late Lindsey Graham, R-S.C.
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