TOP NEWS
Exec 'Can't Believe' X Offers Itself As Place For Friends
By Bryan Koenig
The Federal Trade Commission pressed executives and former leaders from X Corp., Strava, Pinterest and Reddit on Monday for all the things that distinguish their services from Meta Platforms Inc., painting Facebook and Instagram in D.C. federal court as effectively the only place to really connect with friends and family to show the social media giant's alleged monopoly.
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Accuser Seeks $630K Sanction For Wright Defamation Suit
By Emily Sawicki
A Freshfields LLP counsel who claimed she had been pressured into engaging sexually with her George Mason University law professor Joshua Wright — and who subsequently was hit with a $108 million defamation suit in Virginia state court — is seeking more than $630,000 in sanctions for his allegedly "costly yearslong baseless litigation" against her.
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LITIGATION
EXPERT ANALYSIS
FDIC Rules Rollback Foretells More Pro-Industry Changes
The Federal Deposit Insurance Corp.’s March withdrawal of Biden-era proposals to tighten brokered deposit rules and impose new corporate governance standards shows that acting chair Travis Hill’s commitment to reviewing regulations that may restrict growth and innovation for financial institution and fintech companies is unlikely to flag soon, say attorneys at Cooley.
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LEGAL INDUSTRY
Q&A
Sullivan M&A Chief Sees Opportunities Amid Tariff Turmoil
By Al Barbarino
After a rocky start to 2025, the mergers and acquisitions landscape is grappling with economic volatility, shifting trade policies and a complex regulatory environment. But even in a "choppy" market, there are always deals to be made, says Melissa Sawyer, global head of Sullivan & Cromwell LLP's M&A group and co-head of its corporate governance practice.
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Analysis
GOP Plan To Shutter Audit Watchdog Could Strain SEC
By Jessica Corso
Congressional Republicans are renewing the push to get rid of a financial regulator that conservatives have complained is costly and lacks proper oversight, but some former staffers at the Public Company Accounting Oversight Board wonder whether the U.S. Securities and Exchange Commission has the manpower or expertise to take over the board's duties.
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