Paramount Skydance closed its $110 billion purchase of Warner Bros. Discovery on Oct. 6, after reaching a settlement with state enforcers that experts say was driven by both politics and the underlying litigation risk for both sides.
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Competition
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Analysis

Paramount, State AGs Chose Certainty Over Merger Trial Risk

By Matthew Perlman

Paramount Skydance closed its $110 billion purchase of Warner Bros. Discovery on Oct. 6, after reaching a settlement with state enforcers that experts say was driven by both politics and the underlying litigation risk for both sides.

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Perrigo To Pay $10M To End Consumer Gerber Antitrust Suit

By Hailey Konnath

Perrigo will pay $10 million to consumers accusing the company of cutting an anticompetitive agreement with Gerber to maintain a monopoly in the store-brand infant formula market, according to a motion filed in New York federal court Tuesday.

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Live Nation Says FTC Twists BOTS Act To Target Ticketmaster

By Bonnie Eslinger

Live Nation and Ticketmaster fought back against the Federal Trade Commission's case accusing the companies of ignoring ticket scalpers and failing to disclose significant Ticketmaster fees upfront, telling a California federal judge the agency is targeting the companies "for not perfectly blocking all ticket purchase abuse on Ticketmaster's platform."

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NY Asks Court To Undo RealPage's Software Law Injunction

By Isaac Monterose

The New York attorney general has asked a federal court to reconsider and vacate RealPage Inc.'s preliminary injunction win in its suit challenging a state law that forbids residential property owners from using technology that lets them engage in rent price-fixing.

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INTERNATIONAL

EU Approves Kimberly-Clark's $49B Kenvue Buy With Sale

By Matthew Perlman

European enforcers have approved Huggies maker Kimberly-Clark Corp.'s planned acquisition of Kenvue in a deal valuing the Tylenol parent company at $48.7 billion, conditioned on the sale of several feminine hygiene brands.

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Sanofi Agrees Not To Disparage Rival's Flu Vaccine

By Matthew Perlman

European enforcers have accepted commitments from Sanofi over concerns that it blocked competition from a rival flu vaccine for vulnerable patients by making disparaging statements to healthcare professionals in Germany and France.

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Sports Betting Tech Co. Faces EU, UK Antitrust Claims

By Alex Lawson

Sportsbook software company Altenar lobbed antitrust complaints against sports technology giant Sportradar in the European Union and United Kingdom on Wednesday, alleging that Sportradar is illegally blocking access to the essential data behind live odds during games.

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ENFORCEMENT

Manhattan DA Unveils Corporate Crime & Antitrust Task Force

By Stewart Bishop

Manhattan District Attorney Alvin Bragg on Wednesday announced the formation of a new task force that will focus on prosecuting corporate crime and antitrust violations, as part of a push to deter industrywide misconduct and promote systemic accountability for entities that encourage and enable financial crimes.

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DOJ, IRS Say Enforcement Surge Exposed $490M In Tax Fraud

By Kat Lucero

The U.S. Department of Justice prosecuted 76 people linked to more than $490 million in federal revenue losses as part of a stepped-up enforcement effort with the IRS and U.S. attorneys' offices over the past six weeks, the leader of the DOJ's new fraud division said Wednesday.

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LITIGATION

LSU's Relent Hasn't Cooled College Football Roster Litigation

By Alex Lawson

The Southeastern Conference is looking to proceed with its suit over Louisiana State University's efforts to add former NFL players to its roster, telling an Alabama federal judge that its claims are live despite the school's decision not to bring those players aboard.

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Colo. Judge Mulls Coors' Bid To Stop Suppliers' Contract Exits

By Rachel Konieczny

Coors Distributing Co. LLC urged a Colorado state judge Wednesday to block a beer brand supplier from terminating its decades-long contract with the beer wholesaler until arbitration occurs, arguing that the supplier's contract exit presents a "real risk" that other suppliers will end their agreements with the wholesaler.

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Contractor Says Miami-Dade 'Blackballing' It From MIA Work

By Tom Lotshaw

A virtual design and construction services company has accused Miami-Dade County and four aviation department officials of unlawfully excluding it from contracting opportunities at Miami International Airport.

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Mass. Top Court Rejects Trade Secret Harm 'Presumption'

By Carolyn Muyskens

Massachusetts' highest court on Wednesday declined to rule that a strong trade secrets case can establish a presumption of irreparable harm and entitle the owner of the secrets to a preliminary injunction.

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POLICY & REGULATION

Delay In 39% Audience Cap Lift Not Needed, Broadcasters Say

By Christopher Cole

The broadcast lobby urged the Federal Communications Commission to reject a bid from several cable industry groups to pause the agency's repeal of the 39% national audience share limit on TV station chains.

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EXPERT ANALYSIS

What Lawyers Should Know Before Accepting Crypto Payment

As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should consider how only a handful of state bar authorities have addressed the issue with varying ethics opinions, as well as the related questions that no authority has yet answered, says attorney Felix Shipkevich.

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PRACTICAL GUIDANCE

How To Use AI In Employment Contract Drafting

Before using artificial intelligence to draft employment contracts, law firms and employers must assess practical ethical guardrails, appropriate use cases, core risk areas and validation workflows, says Samuel Mitchell at Smith Gambrell.

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LEGAL INDUSTRY

Watchdog Wants Probe Of Trump Press Secretary's Atty Claim

By Jack Karp

A nonprofit government watchdog on Wednesday asked the State Bar of California to investigate whether the new White House press secretary has claimed to be an attorney without being licensed to practice law.

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Ex-BigLaw Atty Wants Firm Docs For Insider Trading Defense

By Carolyn Muyskens

A former BigLaw associate accused of insider trading is seeking records from ex-employers Sidley Austin LLP, Latham & Watkins LLP and Goodwin Procter LLP to help fight charges that he tipped others about nonpublic deals the firms were working on.

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Quinn Emanuel Seeks Arbitration Of $1.7M Fee Dispute

By Caroline Simson

Quinn Emanuel Urquhart & Sullivan LLP is urging a California federal court to order an entrepreneur to arbitrate malpractice claims stemming from the firm's representation of her in a sexual harassment claim against a technology investor as it seeks to collect more than $1.7 million in unpaid fees.

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Baker Botts Atty Seeks $3.4M In Fees After Defamation Suit

By Madison Arnold

A Baker Botts LLP patent attorney has moved for almost $3.4 million in attorney fees and expenses in a defamation suit an inventor brought against her that was dismissed.

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Fox Rothschild Beats Daycare's Malicious Prosecution Suit

By George Woolston

A New Jersey state court dismissed an adult daycare company's suit against Fox Rothschild LLP and one of its attorneys related to their prosecution of a fraudulent loan lawsuit that led to a $65,000 sanction against the firm, according to a court order.

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DLA Piper Accused Of Malpractice In Investor's Soccer Deals

By Bonnie Eslinger

American businessman John Textor has filed a legal malpractice suit in Florida against DLA Piper over the firm's representation in connection with an investment vehicle he created to acquire soccer clubs in the United Kingdom and other countries, claiming his damages could exceed hundreds of millions of dollars.

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LAW FIRMS IN TODAY'S NEWS

Arnold & Porter

Avyno Law

Bainbridge Mims

Baker Botts

Bartlit Beck

Bradley Arant

Crowell & Moring

DLA Piper

Dynamis LLP

Enenstein Pham

Fox Rothschild

Gibson Dunn

Goodwin Procter

Hinshaw & Culbertson

Kilpatrick Townsend

Kirkland & Ellis

Latham & Watkins

Littler Mendelson

Martin G. Weinberg PC

McDonald Hopkins

Proskauer Rose

Quinn Emanuel

Robinson Bradshaw

SML Avvocati

Saltz Mongeluzzi

Shipkevich PLLC

Sidley Austin

Smith Gambrell

Taylor Porter

Wachtell Lipton

Weil Gotshal

Williams & Connolly

COMPANIES IN TODAY'S NEWS

Actelion Ltd.

Amazon.com Inc.

American Bar Association

Ameris Bancorp

Anadarko Petroleum Corp.

Ares Management Corp.

CBS Interactive Inc.

Cable News Network Inc.

Constellation Brands Inc.

Crown Imports LLC

Discord Inc.

Essity AB

Gerber Products Co.

HFZ Capital Group LLC

HNTB Corp.

Home Box Office Inc.

International Finance Corp.

Johnson & Johnson

Kimberly-Clark Corp.

LexisNexis Legal & Professional

LinkedIn Corp.

Live Nation Entertainment Inc.

Major League Baseball Inc.

Maryland State Bar Association

National Association of Broadcasters

National Collegiate Athletic Association

New York City Bar Association

North Carolina State Bar

Occidental Petroleum Corp.

Permira

Perrigo Co. PLC

RELX PLC

RealPage Inc.

Sanofi

Skydance Media LLC

Southeastern Conference

Starbucks Corp.

State Bar of California

The District of Columbia Bar

The Florida Bar

Virginia State Bar

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

eBay Inc.

iRobot Corporation

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

Competition and Markets Authority

Connecticut Attorney General's Office

European Commission

European Union

Executive Office of the President

Federal Bureau of Investigation

Federal Communications Commission

Federal Trade Commission

Financial Crimes Enforcement Network

Internal Revenue Service

Louisiana Attorney General's Office

Massachusetts Supreme Judicial Court

Miami International Airport

National Institute of Standards and Technology

National Labor Relations Board

Nebraska Supreme Court

New York Attorney General's Office

U.S. Attorney's Office for the District of Massachusetts

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of Massachusetts

U.S. District Court for the Eastern District of New York

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. House of Representatives

U.S. Marine Corps

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the District of Colorado

United States District Court for the Northern District of Alabama

World Bank Group