Quant Trader Denies Using Stolen Recipe At Code Theft Trial

By Pete Brush

A California quant trader accused of stealing billion-dollar code from his former employer argued to a New York federal jury that he did not use any secret recipe at a new venture, denying trade secrets theft charges.

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Pornhub Gets Initial Nod For $120M Child Content Class Deal

By Craig Clough

A California federal judge granted preliminary approval Friday to a $120 million settlement reached by the companies behind Pornhub to end certified class claims in California and Alabama by child sex trafficking and sexual abuse material survivors who allege the video-sharing website profited from crimes committed against them.

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$45M Deal In IRhythm Heart Device Investor Suit Gets Final OK

By Gianna Ferrarin

A California federal court granted final approval to a $45 million settlement resolving proposed class action allegations that digital healthcare company iRhythm Technologies inflated stock prices with misrepresentations about its heart-event monitoring device.

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Reed Cleared In Monolithic Power Converter Patent Verdict

By Adam Lidgett

A Delaware federal jury on Friday cleared Reed Semiconductor in a suit accusing it of infringing a pair of Monolithic Power Systems Inc. patents relating to semiconductor technology, although jurors refused to find the claims invalid.

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US Charges 3 Over $129M AI Scam Using Fake UK Lawyers

By Laura Stewart Liberty

U.S. prosecutors said Thursday they have charged three men, including one facing extradition from London, for allegedly defrauding companies of $129 million through a scheme that used AI to impersonate executives and U.K. lawyers.

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Analysis

PHP Flaw Shows How AI 'Changing The Game' In Cyber Realm

By Allison Grande

Artificial intelligence's role in uncovering a critical flaw in the PHP programming language that underpins a majority of the world's websites underscores its growing power to identify and help address cybersecurity vulnerabilities — and signals that such AI-driven discoveries may only just be beginning.

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MVP: Goodwin's James Ding

By Tim Ryan

Goodwin partner James Ding co-led Roku's $22 billion sale to Fox Corp. and worked on multibillion-dollar sales of software company MeridianLink and life sciences company Blueprint Medicines, earning him a spot among the 2026 Law 360 Technology MVPs.

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Bessent, Greer Warn China Over Trade Truce Commitments

By Dylan Moroses

Top U.S. officials warned China on Friday over what they viewed as potential shortfalls in commitments made last year as part of the trade truce reached between President Donald Trump and Chinese President Xi Jinping, according to readouts published Friday by the U.S. Treasury Department and Office of the U.S. Trade Representative.

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Sen. Blumenthal Demands FCC Response To Inquiries

By Christopher Cole

Sen. Richard Blumenthal, D-Conn., has told the Federal Communications Commission it must fully respond to several inquiries he sent earlier this year probing the FCC's investigations into broadcasters that he says have chilled free speech.

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FCC To Allow Cable Biz's Router Hardware Upgrades

By Christopher Cole

The Federal Communications Commission's staff has granted a one-year waiver to a major cable industry group, so its members can make certain hardware changes to previously approved routers that now fall under a national security restriction.

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FCC Told It Can't Preempt Local Wireline Permit Decisions

By Aneeta Mathur-Ashton

Local government officials have warned the Federal Communications Commission that it lacks the legal authority and expertise to preempt local wireline deployment decisions.

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Brief

Commerce Orders India, Indonesia, Laos Solar Cell Duties

By Jack McLoone

The U.S. Department of Commerce on Friday ordered antidumping and countervailing duties on solar cell products imported into the U.S. from India, Indonesia and Laos, some of which stretch into triple digits.

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FCC Denies It's Foot-Dragging Review Of Philly TV License

By Aneeta Mathur-Ashton

The Federal Communications Commission has asked the D.C. Circuit to reject an advocacy group's request to force the agency to review a challenge to Fox TV's Philadelphia broadcast license.

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OKCoin Beats $2M Hacker Crypto Theft Suit

By Sydney Price

A California federal judge has permanently tossed a proposed class action accusing digital asset exchange OKCoin and its affiliates of enabling cryptocurrency thieves, ruling the plaintiffs' allegations that the company lacked certain safeguards do not show it is liable for the losses.

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LA Judge Won't Toss $1.7M Freight Suit Against Vape Biz

By Jonathan Capriel

A vape manufacturer cannot escape a $1.7 million lawsuit over unpaid freight, a Los Angeles judge ruled, finding the complaint adequately pled to alter ego and fraud claims.

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Agtech Co. Beats Its Founder's Receiver Bid In Del. Court

By Jarek Rutz

The Delaware Chancery Court has recommended dismissing with prejudice a founder's bid to put agricultural technology company HerdDogg Inc. into receivership, finding her insolvency allegations unsupported and that her claims largely repeated a dismissed Colorado federal lawsuit.

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Judge Doubts Ukrainians Can Tie Semiconductors To Strikes

By Spencer Brewer

A Texas federal judge seemed hesitant Friday to buy an argument that several semiconductor manufacturers had a duty to prevent their components from ending up in Russian missiles targeting Ukrainian civilians, asking what duty exists under Texas state law.

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Consumers Want State-Law Amazon Pricing Case Unpaused

By Matthew Perlman

Consumers accusing Amazon of violating various state antitrust and consumer protection laws with its seller pricing rules are asking a New York federal court to unpause their case, following a class certification ruling in a similar action.

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Netlist Brings ITC, Calif. Patent Complaints Against Kingston

By Adam Lidgett

Netlist has accused Lenovo, Kingston Technology Corp. and others of infringing various flash memory patents at the U.S. International Trade Commission, the same day it lodged a complaint against Kingston in California federal court.

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Grok Draws 3 Copyright Suits Over AI Training With Books

By Elliot Weld

The companies behind the artificial intelligence model Grok were hit with three copyright infringement lawsuits from two publishers and a group of authors alleging their books were pirated for use in AI training.

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Google Sued Over Claims Its School AI Fueled Suicide Plot

By Dorothy Atkins

A North Carolina couple have hit Google with a product liability lawsuit that was removed to California federal court Wednesday, alleging that the tech giant negligently rolled out a dangerous version of Gemini AI on school-issued Chromebooks that led their once-healthy 13-year-old daughter into a "life-threatening obsession" that "coached" her suicide plot.

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Snapchat Features Helped Predator Groom Child, Suit Says

By Emily Field

Snap Inc. was hit with a suit in Washington federal court by parents who say their daughter was groomed and exploited by an adult predator who used the social media platform's algorithmic features to target and threaten her across state lines.

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Roundup

Taxation With Representation: Wilson Sonsini, Fenwick

By Zak Kostro

In this week's Taxation With Representation, Marvell Technology buys data center optics maker Lumentum, defense technology company Shield acquires radar company Echodyne, and CVS Health plans to split into two independent, publicly traded companies.

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Fox Closes $22B Roku Deal Guided By Weil, Goodwin, Axinn

By Dorothy Atkins

Fox Corp. completed its $22 billion purchase of smart-TV maker Roku Inc. Friday in a deal guided by Weil Gotshal & Manges LLP, Goodwin Procter LLP and Axinn LLP, shortly after the U.S. Department of Justice said it closed its monthslong, in-depth antitrust investigation into the deal.

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Don't Miss It: Paul Weiss, Baker McKenzie Steer Hot Deals

By Jade Martinez-Pogue

A lot can happen in the world of mergers and acquisitions and equity fundraising over the course of a couple of weeks, and it's difficult to keep up with all the deals.

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DOD Inks $925M In Loans For US Defense Manufacturing

By Ganesh Setty

The U.S. Department of Defense's Office of Strategic Capital announced a series of "conditional" loan commitments to companies developing critical battery materials, semiconductors, radar and drone technology, totaling $925 million.

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Orrick Hires Fenwick Partner To Expand TM Practice In NY

By Ivan Moreno

Trademark attorney Mark Jansen has joined ​Orrick Herrington & Sutcliffe LLP as a partner in New York after 15 years at Fenwick & West LLP, Orrick has announced.

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How Cos. Can Reassess Ad Tech After Wash. Pixel Use Ruling

The Washington Supreme Court's decision in Baker v. Seattle Children's Hospital, holding that the hospital website's use of Meta Pixel didn't violate the state’s privacy act, may provide a powerful defense against privacy claims, but shouldn’t be read as a blanket approval of advertising technologies, say attorneys at Duane Morris.

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2 Del. Rulings Show Postclosing Earnout Arrangement Risks

Two recent Delaware Court of Chancery decisions illustrate the contractual and fiduciary duty risks associated with earnout provisions in M&A transactions, offering lessons on allocating postclosing control, drafting enforceable earnout covenants and managing executives whose pay depends on the outcome, says Chris Brown at Taft.

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What To Watch As Florida Stablecoin Framework Takes Shape

As Florida's new payment stablecoin licensing framework enters its second month, requiring issuers to map applicable state and federal obligations and account for certification and rulemaking uncertainty, businesses should build core controls while keeping launch plans and contracts flexible, says Rob Brighton at Becker.

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How Feds' Shifting Guidance Hits Bank-Fintech Partnerships

A slew of recent Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency reforms will ultimately give banks and fintechs more flexibility in third-party oversight and supervisory information sharing, but institutions still must document risk-based decisions and engage proactively with regulators, say attorneys at Husch Blackwell.

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Opinion

Judges Must Turn To Merits Earlier To Fix Civil Justice System

The U.S. justice system is long overdue for a cultural shift that encourages judges to engage with the merits of a case from the outset, which would help to cut through procedural complexities and deliver high-quality justice efficiently and at lower cost, says Steven Kayman at Rottenberg Lipman.

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High Court Disbars Judicial Watch Founder Larry Klayman

By David Minsky

The U.S. Supreme Court on Monday disbarred Judicial Watch founder and Florida conservative activist attorney Larry Klayman following his 18-month suspension issued last year by the D.C. Court of Appeals. 

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Firms Must Face RICO Claims In Asbestos Fraud Suit

By Emily Field

An Illinois federal judge on Friday held that Simmons Hanly Conroy LLP and Sokolove Law must face racketeering claims brought by a Los Angeles industrial pipe manufacturer alleging that the firms brought baseless asbestos claims, finding that an antitrust doctrine shielding those who petition the courts does not apply.

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DOJ's Civil Division Head Joins Agency Exits After Midterms

By Jack Karp

The leader of the U.S. Department of Justice's Civil Division, Brett A. Shumate, on Monday became at least the fifth top DOJ official to step down following Republicans' defeat in last week's midterm elections.

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Trump Eyes OLC Chief For Texas Judgeship After Midterms

By Courtney Bublé

President Donald Trump is considering the head of the U.S. Department of Justice's Office of Legal Counsel for a federal judgeship in Texas, a process that started right after the Democrats won big in last week's midterm elections.

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Goldstein Says Gov't Conceded Key Trial Errors

By Jared Foretek

SCOTUSblog co-founder Thomas Goldstein told the Fourth Circuit that the federal prosecutors who netted 12 tax and mortgage fraud convictions effectively conceded they hid evidence by steering a key witness to new testimony mid-trial and had reversed their stance on jury instructions, two key issues in Goldstein's appeal.

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AAA Says Consumers' Monopoly Claims Lack Factual Support

By Caroline Simson

The American Arbitration Association is lashing out against consumers who accuse the institution of monopolizing the consumer arbitration services market, telling a federal judge on Monday that they should be sanctioned for including "false, misleading, and unsupported allegations" in an amended complaint.

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Wash. Panel Nixes $10K Sanctions On Monsanto PCB Attys

By Rachel Riley

A Washington Court of Appeals panel has overturned a combined $10,000 in sanctions against four attorneys who defended Monsanto from chemical poisoning claims, concluding Monday that the trial court overstepped its authority by personally punishing the lawyers for late disclosure of expert witnesses.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week cleared the way for Cloudflare Inc. to seek immediate review of an injunction blocking a stock restructuring designed to preserve its founders' control, while setting a January hearing in a similar dispute over Meta Platforms Inc.'s plan to create nonvoting shares.

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