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TOP NEWS
Game Co. Calls Out Rival's $1.4B Damages Enhancement Bid
By Elliot Weld
Mobile game company Papaya Gaming Ltd. has asked a Manhattan federal judge to deny rival Skillz Platform Inc.'s request for a $420 million jury verdict based on false advertising claims to be boosted to $1.4 billion, saying the amount is unprecedented and far greater than Papaya's profits over the entire period relevant to the case.
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INTELLECTUAL PROPERTY
PRIVACY & CONSUMER PROTECTION
COMPETITION
EMPLOYMENT
SECURITIES & WHITE COLLAR
StubHub Wants IPO Disclosures Suit Tossed
By Sydney Price
StubHub and several of its initial public offering underwriters urged a New York federal court to dismiss a shareholder suit accusing them of securities fraud, saying StubHub made all necessary disclosures and acted transparently before the IPO despite investors' claims that it hid information about cash flow and its transition into direct ticket sales.
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Catching Up With Delaware's Chancery Court
By Sydney Price
At the Delaware Chancery Court, a trial over World Wrestling Entertainment Inc.'s $21.4 billion merger with Ultimate Fighting Championship's parent company has been canceled, and a Reddit investor has filed a suit claiming the company used artificial intelligence to challenge his grievance about a charter provision.
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TELECOMMUNICATIONS
FCC Considering 120-Day Deadline For Permit Approvals
By Nadia Dreid
The Federal Communications Commission plans to propose telling states and municipalities that they have four months to act on applications before it will presume they've "effectively prohibited the provision of wireline telecommunications services," as part of a push to reduce what it perceives as barriers to broadband deployment.
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EXPERT ANALYSIS
LEGAL INDUSTRY
100+ Ex-Prosecutors Question Chicago US Atty's Leadership
By Celeste Bott
More than 100 former Illinois federal prosecutors issued a statement Monday saying there's been a "failure of leadership" in the U.S. attorney's office in Chicago and that "once-forbidden political considerations are infecting prosecutorial decisions" in the wake of an Illinois federal judge accusing the office of mishandling grand jury proceedings in a case against six immigration activists.
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