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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POLICY & REGULATION
LITIGATION
Chancery Tosses Palantir Suit Targeting Direct Sale Gains
By Jeff Montgomery
Observing that corporate insiders can't be penalized for profiting from public information, a Delaware vice chancellor has thrown out a derivative suit filed by Palantir Technologies stockholders accusing the private company's directors and officers of unfairly profiting from direct-to-market stock sales without taking the company public.
Decision attached |
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Century Surety Seeks Exit From Vape Battery Lawsuit
By Jonathan Capriel
Insurance provider Century Surety Co. says it shouldn't be on the hook for the legal defense of a smoke shop being sued by a customer who was burned when a vape pen battery caught fire in his pocket, arguing that one defendant isn't actually covered under the larger policy and the incident did not take place at one of the insured's retail locations.
Complaint attached |
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Brief
ITC Affirms Optimum's Network Patent Case Is Over
By Andrew Karpan
The U.S. International Trade Commission has decided not to breathe any new life into Optimum Communications Services Inc.'s patent infringement case against several Chinese tech companies over network switching and routing patents, but it also cut part of an agency judge's findings on ownership of the patents.
Notice attached |
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DEALS
ENFORCEMENT
EXPERT ANALYSIS
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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