Kalshi Inc. opening prediction markets for clinical drug trials has raised a host of compliance concerns for attorneys, including the risk of insider trading among the wide swaths of stakeholders in the know about the trials, as well as the danger of compromising the trials themselves.
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Analysis

'A Moral Hazard': Kalshi Drug Trial Bets Spark Ethical Qualms

By Chris Villani

Kalshi Inc. opening prediction markets for clinical drug trials has raised a host of compliance concerns for attorneys, including the risk of insider trading among the wide swaths of stakeholders in the know about the trials, as well as the danger of compromising the trials themselves.

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DOJ Aims To 'Attack Fraud From All Angles' Via New Division

By Sarah Jarvis

The U.S. Department of Justice's new fraud division has issued fresh guidance on its prosecution methodology, with the division's head directing prosecutors to seize assets before indictments and pursue upward variances in sentencing guidelines in some cases as part of a stated push to use the division's "full arsenal of criminal statutes" in combating fraud.

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Hospitals Ask Court To Block Revised Plan For 340B Rebates

By Dan McKay

The American Hospital Association and four safety-net hospitals in Maine sued the Trump administration Friday to block plans to establish a rebate system in the 340B drug discount program, alleging it violates procedural requirements and threatens hospital finances.

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Eli Lilly Lobs 4 Suits Alleging Illegal Weight Loss Drug Sales

By Mike Curley

Eli Lilly and Co. has sued an Arizona weight loss clinic and three online sellers, alleging they are illegally selling products containing the pharmaceutical giant's investigational molecule that has not yet been approved for use in any drug, endangering consumers in a mockery of safety guidelines.

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9th Circ. Says AmeriBen Data Breach Enough To Allege Injury

By Gina Kim

The Ninth Circuit on Friday revived a proposed data breach class action alleging health plan administrator AmeriBen unlawfully revealed patients' information, ruling the disclosures were enough to sustain a lawsuit even if the underlying information might seem "mundane."

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ENFORCEMENT & COMPLIANCE

DA Pans Mangione's Double Jeopardy Bid In NY Murder Case

By Frank G. Runyeon

New York prosecutors on Friday panned Luigi Mangione's bid to dismiss his state murder case, arguing that his guilty plea to federal stalking charges does not subject him to unlawful double jeopardy, as the second-degree murder charge is meant to prevent a different kind of "harm or evil."

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LITIGATION

Expert's Failure To Identify Doctors Dooms Texas Med Mal Suit

By Y. Peter Kang

A Texas appellate court has tossed a medical malpractice lawsuit accusing three doctors of failing to diagnose a woman's brain cyst, holding that the plaintiff's expert report failed to identify which physicians allegedly caused the woman's injuries.

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IVF Genetic Test Class Can't Prove Inaccurate Results

By George Woolston

A New Jersey federal judge has thrown out a proposed class action alleging a genetic testing company misled consumers about the accuracy of in-vitro fertilization patient tests, ruling the plaintiffs failed to show they actually received inaccurate results.

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Estate Says Insurer Must Cover Fatal Hyperbaric Chamber Suit

By Danielle Ferguson

The parents of a 5-year-old killed in a hyperbaric chamber explosion and the center where he was receiving the therapy urged a Michigan federal court to reject an insurer's bid to avoid defending the center, saying that insurance coverage is warranted in the family's wrongful-death suit.

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Gene Therapy Patent Suit Against Sarepta Comes To Close

By Adam Lidgett

Sarepta Therapeutics Inc. no longer has to face a lawsuit accusing it of infringing a University of Pennsylvania gene therapy patent licensed by clinical-stage biotechnology company Regenxbio Inc. after the parties told a Delaware federal judge they agreed to end the case.

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Woman Says Emory Healthcare's Inaction Led To Son's Death

By Kelcey Caulder

A Georgia woman sued Emory University and Emory Healthcare Inc. in state court, alleging they refused repeated requests to check on her son, who was later found unresponsive in a hospital parking deck and died of an accidental fentanyl overdose.

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Squires Grants 4 PTAB Petitions, Rejects 3 In New Drop

By Dani Kass

U.S. Patent and Trademark Office Director John Squires has instituted four new America Invents Act reviews at the Patent Trial and Appeal Board and turned down three in his newest mass order.

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Roundup

ERISA Recap: 6 Notable Decisions From September

By Kellie Mejdrich

The Tenth and Seventh circuits issued published opinions in two union retirement disputes, while the Sixth Circuit found that the Commonwealth of Kentucky's lawsuit against pharmacy benefit managers does not belong in state court, citing colorable federal preemption arguments. Here's more on those decisions and three other notable rulings involving the Employee Retirement Income Security Act that came down in September.

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Feds Again Turn To 9th Circ. In Fight Over ICE Facility

By Gina Kim

The Trump administration said Friday it will ask the Ninth Circuit to overturn a trial court decision requiring ICE to give independent monitors access to conduct inspections and electronic records for detained immigrants at a lockup in Adelanto, California, where a judge has twice called for conditions to be improved.

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Brief

Logistics Cos. Can't Pause Tobacco Fee Suit

By Grace Elletson

A Connecticut federal judge on Friday shut down two logistics companies' bid to stay discovery in a case claiming they didn't properly reimburse employees who paid a health plan fee for tobacco use, ruling a pause wasn't warranted given the suit's history.

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DEALS

Latham-Led Consonance Clinches $1.35B Healthcare Fund

By Jade Martinez-Pogue

Latham & Watkins LLP-advised healthcare private equity shop Consonance Capital Partners on Friday revealed that it closed its latest fund with $1.35 billion of investor commitments.

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TRex Bio Leads 2 Drugmakers Pricing IPOs Totaling $162M

By Jade Martinez-Pogue

Two clinical-stage biotechnology firms, TRex Bio and Retension Pharmaceuticals, hit the public markets on Friday after raising a combined $162 million in their initial public offerings.

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EXPERT ANALYSIS

Health Plan Takeaways After 2nd Circ. No Surprises Act Ruling

While the Second Circuit's recent ruling in East Coast Advanced Plastic Surgery v. Cigna gives health plans breathing room in finding that healthcare providers cannot enforce out-of-network billing dispute resolution awards in court, sponsors should not assume that declining to pay awards will go unaddressed by regulators, say attorneys at Thompson Hine.

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LEGAL INDUSTRY

Squire Patton, Holland & Knight Report Data Breaches

By Jake Maher

Squire Patton Boggs LLP and Holland & Knight LLP were hit with cyberattacks exposing sensitive information, according to disclosures filed this week.

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Up Next At High Court: Criminal Sentences & Video Privacy

By Katie Buehler

The U.S. Supreme Court will close out its October sitting by hearing oral arguments in two cases that ask what level of deference federal district courts should give to commentary interpreting the federal sentencing guidelines, and what purchases are protected under a video consumer privacy statute.

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Ill. Judge Lays Out Doc Demands For DOJ Misconduct Probe

By Lauraann Wood

An Illinois federal judge asked the government Friday to turn over six months of communications and certain other records as she investigates in-court inaccuracies Chicago prosecutors offered while prosecuting six anti-immigration protesters, rejecting its request to seal a filing in the process.

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Atty With False AI Citation Filings Ordered To Pay $39K

By Bonnie Eslinger

A New York federal judge who imposed case-terminating sanctions on an attorney who submitted filings with false citations generated by artificial intelligence ordered him on Friday to pay nearly $39,000 to lawyers who uncovered the problematic AI use, noting he had given them the "runaround" when they tried to collect directly.

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Grassley Attacks Dems' Claims Of Rule-Breaking Over Hearing

By Courtney Bublé

Sen. Chuck Grassley, R-Iowa, chair of the Senate Judiciary Committee, clapped back at Democrats for their accusations that Republicans broke Senate rules during a hearing last week at which former special counsel Jack Smith appeared.

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Calif. Jurists' Atty Tips: 'Emulate Lincoln,' 'Don't Be Boring'

By Bonnie Eslinger

Three current and former Northern California federal judges and one Morrison Foerster LLP partner during a Federal Bar Association panel discussion Thursday gave attorneys tips on "courtroom persuasion," including knowing the judges, keeping things interesting and, like the nation's 16th president, getting quickly to the winning point.

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Brief

Legal Services NYC Gets $2.5M To Build Novel Resource Hub

By Tracey Read

Legal Services NYC announced Friday that it has been awarded a $2.5 million grant from the New York State Interest on Lawyer Account Fund to create a first-of-its-kind statewide knowledge-sharing platform to help legal advocates spend more time seeking justice for low-income clients.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

The new federal fraud division is threatening faster action and broader targets under a new enforcement policy announced recently. And the SEC warned shareholder advocacy groups that join forces could face legal scrutiny in the future. These are some of the stories in corporate legal news you may have missed in the past week.​

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Law360's Legal Lions Of The Week

By Kevin Penton

Quinn Emanuel Urquhart & Sullivan LLP, Sullivan & Cromwell LLP and Alston & Bird LLP lead this week's edition of Law360 Legal Lions, after the Sixth Circuit overturned a pivotal decision in multidistrict opioid litigation that had dramatically expanded claims against the nation's largest pharmacy benefit managers.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London has seen PrivatBank sue its former oligarch owner, building materials provider Kingspan face a €100 million ($112 million) claim over Grenfell Tower cladding and energy giants VaroPreem and Viaro Energy become embroiled in an intellectual property row.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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COMPANIES IN TODAY'S NEWS

AT&T Inc.

Abbott Laboratories

Accenture PLC

Adidas AG

Agri Stats Inc.

Align Technology Inc.

Ameriben Solutions Inc.

American Hospital Association

American International Group Inc.

Anthropic PBC

Apple Inc.

Association of Corporate Counsel

Autogrill SpA

Bako Diagnostics

Bank of Canada

Bibby Financial Services Ltd.

Charter Communications Inc.

Chime Financial Inc.

CityMD

Core Construction Group Ltd.

Credit Suisse Group AG

DP World Ltd.

Dell Technologies Inc.

Dnata

ENI SpA

Eli Lilly & Co.

Emory Healthcare Inc.

Emulate Inc.

Essex Woodlands Health Ventures Inc.

Express Scripts Holding Co.

Exxon Mobil Corp.

Federal Bar Association

Financial Industry Regulatory Authority Inc.

GXO Logistics Inc.

GoldenTree Asset Management LP

Health Care Service Corp.

Immigrant Defenders Law Center

Janus Henderson Group PLC

Johnson & Johnson

Kalshi Inc.

Kingspan Group PLC

Legacy Health System

Legal Services NYC

Liberty Mutual Insurance Group

LinkedIn Corp.

Maine Medical Center

Masimo Corp.

MasterCard Inc.

Meta Platforms Inc.

Microsoft Corp.

Moderna Inc.

Nasdaq Inc.

National Farmers Union

Nationwide Mutual Insurance Co.

Netflix Inc.

New York University

OpenAI OpCo LLC

OptumRx Inc.

PGT, Inc.

PTC Inc.

Paramount Global

Pfizer Inc.

Pharmaceutical Research & Manufacturers of America

Public Counsel

QBE Insurance Group Ltd.

Red Bull GmbH

Regenxbio Inc.

Retension Pharmaceuticals Inc.

SV Health Investors

Samsung Electronics Co. Ltd.

Sarepta Therapeutics Inc.

Schneider Electric

Sechrist Industries Inc.

Skydance Media LLC

Soleno Therapeutics Inc.

Solicitors Regulation Authority Ltd.

Suncor Energy Inc.

Teladoc Health Inc.

Thales SA

The Cigna Group

The Clorox Co.

Thomson Reuters Corp.

Toronto-Dominion Bank

Toshiba Corp.

Trader Joe's Co.

Uber Technologies Inc.

UniCredit

United Therapeutics Corp.

United Wholesale Mortgage LLC

Verizon Communications Inc.

Victoria's Secret & Co.

Visa Europe

Walmart Inc.

Warner Bros. Discovery Inc.

Whirlpool Corp.

Yamazaki Mazak Corp.

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Agnifilo Intrater

Akerman LLP

Alston & Bird

Arnold & Porter

Ashurst Perkins

Bailey & Glasser

Baker & Hostetler

Baker McKenzie

Barnes & Thornburg

Berger Montague

Bridge McFarland

Brodies LLP

Brown Rudnick

CMS Cameron McKenna Nabarro Olswang

Cheronis & Parente

Clement & Murphy

Cohen Ziffer

Constable Law

Cooley LLP

Cotsirilos Poulos

Covington & Burling

Cripps LLP

DAC Beachcroft

DLA Piper

DWF LLP

Dann Law Firm

Davis Polk

Debevoise & Plimpton

Dentons

Drummond Woodsum

Dunn Isaacson Rhee

Enyo Law

Eversheds Sutherland

FBT Gibbons

Fish & Richardson

Freeths LLP

Freshfields

Fridman Fels

Gibson Dunn

Gowling WLG

Hagens Berman

Hamlins LLP

Harvey Kruse

Hill Dickinson

Hogan Lovells

Holland & Knight

Humphries Kirk

Husch Blackwell

Jones Day

Justice Law Collaborative

Keystone Law

King & Spalding

Kirkland & Ellis

Knobbe Martens

Koffsky Schwalb

Langsam Stevens

Latham & Watkins

Law Office of Steven A. Feldman & Associates

Lewis Silkin

Mandelbaum Barrett

Mayer LLP

Morgan Lewis

Morris Nichols

Morrison & Foerster

Nabarro LLP

Nelson Mullins

O'Melveny & Myers

Orrick Herrington

Osborn Maledon

Paul Weiss

Penn Law LLC

Phi Finney McDonald UK

Pillsbury Winthrop

Plauche Smith

Quattlebaum Grooms

Quinn Emanuel

Radice Law Firm

Reece Moore Pedergraft

Reed Smith

Ropes & Gray

Sanford Heisler

Setfords Solicitors

Seyfarth Shaw

Shakespeare Martineau

Shoosmiths LLP

Sidley Austin

Skadden Arps

Squire Patton

Stephenson Harwood

Sterling Lawyers

Stoel Rives

Streck & Davis

Sullivan & Cromwell

Taft Stettinius

Taylor Rose

Thiebaud Remington

Thompson Hine

Varnum LLP

Vinson & Elkins

Wallace LLP

Ward Hadaway

Watson Caraway

White & Case

Willkie Farr

Womble Bond

Zimmerman Law Offices PC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commonwealth of Kentucky

Companies House

Competition Appeal Tribunal

Equal Employment Opportunity Commission

Federal Bureau of Investigation

Financial Conduct Authority

Food and Drug Administration

Health Resources and Services Administration

Internal Revenue Service

New York County District Attorney's Office

New York Supreme Court, New York County

Patent Trial and Appeal Board

U.S. Attorney's Office

U.S. Attorney's Office for the Central District of California

U.S. Attorney's Office for the Northern District of Illinois

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of the Treasury

U.S. District & Bankruptcy Courts of Southern District of Texas

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

U.S. District Court for the District of Arizona

U.S. District Court for the District of Connecticut

U.S. District Court for the District of Delaware

U.S. District Court for the District of Maine

U.S. District Court for the District of Maryland

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of Michigan

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

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

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

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

U.S. District Court for the Western District of Louisiana

U.S. Immigration and Customs Enforcement

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Sentencing Commission

U.S. Supreme Court

UK High Court

UK Intellectual Property Office (IPO)