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TOP NEWS
IRhythm Inks $45M Deal With Investors In Heart Device Suit
By Gina Kim
IRhythm Technologies Inc. investors asked a California federal judge to preliminarily greenlight a $45 million settlement resolving allegations the digital healthcare company inflated stock prices with misrepresentations about its heart-event monitoring device, noting the deal is a favorable result that warrants approval, given the possibility of no recovery.
Settlement attached |
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POLICY & REGULATION
Top Groups Lobbying The FCC
By Christopher Cole
The Federal Communications Commission heard from lobbyists more than 100 times in May on issues ranging from 5G wireless in the C-band airwaves to a new foreign-made router ban, satellite spectrum, efforts to cut the volume on TV ads, next-gen 911 and more.
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LITIGATION
Streamer's 'Lazy Reaction' Video May Be Fair Use, Judge Says
By Ivan Moreno
A California federal judge said Friday he is inclined to toss a YouTube creator's copyright suit over a Twitch user's livestreamed response to a documentary, finding that what the plaintiff characterized as "lazy reaction" content that siphoned views from the original work is covered by fair use because of the defendant's real-time criticism, commentary and mockery.
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Musicians Say UMG, Warner Stiffed Them On AI Licensing
By Lauren Berg
The American Federation of Musicians of the United States and Canada claims Universal Music Group and Warner Music Group violated its members' collective bargaining agreement by licensing sound recordings to two artificial intelligence companies without compensating the musicians involved, according to a lawsuit filed Friday in New York federal court.
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DEALS
ENFORCEMENT
Ex-CFO Faces $35M Restitution With No Crypto Offset
By Aislinn Keely
A Washington federal judge has ordered Fabric Inc.'s former chief financial officer to pay $35 million in restitution after he embezzled the sum from the software firm to invest in crypto tokens that later collapsed, rejecting his arguments that he shouldn't be on the hook for losses that occurred after he gave the tokens to the firm.
Order attached |
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EXPERT ANALYSIS
Tips For Protecting Privilege On Multinational IP Teams
As recent court rulings illustrate how fact-specific privilege determinations have become in modern legal workflows, corporations with multinational intellectual property teams must take steps to deliberately preserve attorney-client privillege through clear roles, confidentiality controls and disciplined communication practices, say Taylor Stemler and Grace Neumann at Merchant & Gould.
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LEGAL INDUSTRY
Roundup
UK Litigation Roundup: Here's What You Missed In London
By Megan Norcott
The past week in London has seen the U.K.'s oldest Indian restaurant launch an appeal against King Charles III's property company in an effort to stop its eviction, trustees of a bankrupt former EY tax partner file a claim against his wife, and 37 leading insurers bring a lawsuit against agrichemical company Syngenta over an insurance dispute. Here, Law360 looks at these and other new claims in the U.K.
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