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TOP NEWS
Amazon, DC AG Delay Antitrust Trial, Again
By Jared Foretek
A local D.C. judge has agreed to delay trial in the city's antitrust lawsuit against Amazon once again, pushing the scheduled start next year from May to September, with the two sides citing the government shutdown's impact on a related Federal Trade Commission case as the cause for the hold-up.
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9th Circ. Upends $8M Asbestos Verdict Against BNSF
By Linda Chiem
The Ninth Circuit has ruled that BNSF Railway Co. cannot be held strictly liable under Montana law for transporting asbestos-containing vermiculite and letting vermiculite dust collect on tracks and its railyard, upending the $8 million jury verdict awarded to the estates of two former Libby, Montana, residents who developed mesothelioma.
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POLICY & REGULATION
OCC Unveils Landmark Stablecoin Rule Proposal
By Jon Hill and Aislinn Keely
The Office of the Comptroller of the Currency took a significant step Wednesday toward standing up its oversight framework for stablecoin issuers, proposing rules that lay out how licensing will work, what activities will be allowed and what prudential standards will apply.
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ENFORCEMENT
Ga. GOP Operative Referred For Charges Amid Ponzi Probe
By Chart Riggall
A man leading a Republican political organization in Georgia who has been accused of participating in a $140 million Ponzi scheme involving lender First Liberty Building & Loan was referred for prosecution Wednesday by state securities regulators, who said he used his job as an insurance agent and investment adviser to steer clients toward the scam.
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LITIGATION
$17.9M Drug Price-Fixing Deal Advances Despite Objections
By Aaron Keller
A Connecticut federal judge on Wednesday advanced a $17.9 million generic drug price-fixing settlement between 48 states and territories and pharmaceutical companies Bausch Health US LLC, Bausch Health Americas Inc. and Lannett Co. Inc., sidelining objections by consumers suing separately in a Pennsylvania multidistrict litigation case.
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NJ Judge Trims J&J And Neutrogena Benzene Suit
By Jonathan Capriel
A New Jersey federal judge has slashed state and common law claims in a multistate proposed class action alleging that acne cream produced by Johnson & Johnson Consumer Inc. and Kenvue Inc. contained a cancer-causing chemical without warning labels, saying the buyers' claims missed "a step" and were "circular."
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EXPERT ANALYSIS
LEGAL INDUSTRY
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