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TOP NEWS
Calif. AG Says Amazon Pressured Major Brands To Fix Prices
By Lauren Berg
Amazon bullied major brands like Levi Strauss & Co. and Hanesbrands Inc. to pressure Walmart, Target Corp. and other competing retailers to increase their prices on certain products to match Amazon's prices and ensure it can maintain its profit margins, according to new details unsealed Monday in California's price-fixing suit against the e-commerce giant.
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POLICY & REGULATION
LITIGATION
Northwestern Escapes Event-Photos Biometric Suit, For Now
By Lauren Berg
An Illinois federal judge tossed a proposed class action alleging Northwestern University's photographers capture and collect without permission the biometrics of people attending its events and then share the sensitive data with the SpotMyPhotos platform, but will allow the plaintiff to rework his complaint to provide more detailed allegations.
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Zillow Asks Wash. Court To End IBM's Patent Suit
By Rae Ann Varona
Zillow has urged a Washington federal court to sack IMB Corp.'s lawsuit that accuses the online real estate marketplace company of infringing a user sign-on patent, saying users logging into its platforms have to take an "overt action" that is "explicitly contrary" to what the patent requires.
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Swim Training Co.'s IPO Was Pump-And-Dump, Suit Says
By Sydney Price
Singapore swim-school operator Fitness Champs Holdings Ltd. was hit with a proposed class action accusing it of concealing a social media-driven "pump-and-dump" scheme in which stock promoters posed as financial advisers to hype the stock through online forums, destroying the company's market capitalization after the shares were dumped.
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DEALS
ENFORCEMENT
Mich. AG Fights Approval Of DTE-Oracle Data Center Plan
By Melanie Dorsey
The Michigan attorney general has filed two claims of appeal challenging orders from the Michigan Public Service Commission approving energy supply contracts between DTE Energy and a subsidiary of cloud-computing platform Oracle Corp. tied to a massive 1.4 gigawatt AI data center project, alleging regulators unlawfully bypassed a contested case process.
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INTERNATIONAL TRADE
PEOPLE
EXPERT ANALYSIS
Del. Ruling Shows Power Of Postclose Governance Provisions
After the Delaware Court of Chancery reinstated a target company's CEO as part of the equitable remedy in Fortis Advisors v. Krafton, deal parties should emphasize the importance of postclosing governance provisions to earnout economics, knowing that they will have to live with these provisions for the duration of the earnout period, say attorneys at Sidley.
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LEGAL INDUSTRY
Black McDermott Atty Says White Men Favored For Partner
By Lauren Berg
A Black female McDermott Will & Schulte attorney accused the firm of gender, race and pregnancy discrimination in a lawsuit lodged in California state court, saying she has been consistently bypassed for promotion by less-experienced white attorneys and was yanked off casework after taking medical leave following a life-threatening illness during pregnancy.
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