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May 28, 2026
The Second Circuit on Thursday upheld the dismissal of a proposed class action accusing The Gap Inc. of misleading investors about demand for its Old Navy brand's plus-size clothing line, ruling that the plaintiffs couldn't overcome a test imposed by the U.S. Supreme Court in 2024's Macquarie decision.
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May 28, 2026
CNN on Thursday became the latest news publisher to accuse Perplexity of copyright infringement, asserting in a complaint filed in New York federal court that the self-described artificial intelligence "answer engine" copied more than 17,000 of the network's stories, videos and images without permission.
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May 28, 2026
A former TD Bank NA financial service representative entered a plea deal in New Jersey federal court Wednesday, admitting to defrauding bank customers and bribing an employee at another financial institution to falsify bank records to facilitate a $3.4 million fraud scheme.
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May 28, 2026
Animal health company Zoetis Inc. has been hit with a proposed shareholder class action accusing it of misleading investors about its growth prospects amid rising competition and shifting trends in the veterinary industry.
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May 28, 2026
New York-based brokerage firm David Lerner Associates Inc. will pay $200,000 to settle U.S. Securities and Exchange Commission claims that the firm failed on over 200 occasions to exercise reasonable care in recommending mutual fund shares to customers that caused them to pay higher transaction costs.
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May 28, 2026
GMO-Z.com Trust and buyers of the GYEN stablecoin have received final approval of a $6.8 million deal to end the buyers' claims they suffered losses when the coin was "de-pegged" from the Japanese yen.
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May 28, 2026
The National Association of Broadcasters told the Ninth Circuit that a lower court's view of the market in a case challenging the $6.2 billion merger between Nexstar and Tegna is inconsistent with its members' experience and contradicts industry data recently submitted to regulators.
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May 28, 2026
A Delaware bankruptcy judge on Thursday granted Chapter 15 recognition to Canadian furniture company Bestar Inc. over the objection of a landlord seeking a $250,000 security deposit for potential damages that could occur when Bestar's foreign representative begins to liquidate a western New York factory next month.
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May 28, 2026
Spirit Airlines has asked a New York bankruptcy judge to approve an incentive program aimed at keeping its CEO, general counsel and vice president of special projects employed while the carrier winds down.
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May 28, 2026
The U.S. Supreme Court held Thursday that judges lack wide discretion to pare down sentences for criminal defendants under the First Step Act based on questions about the validity of a conviction, shutting the door on a potential wave of postconviction relief petitions, experts said.
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May 27, 2026
A Google software engineer faces charges that he made more than $1.2 million by placing insider bets on Polymarket using the search giant's confidential data, and then tried to conceal his proceeds and actions, according to criminal and civil complaints unveiled Wednesday in New York federal court.
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May 27, 2026
The U.S. Commodity Futures Trading Commission and the Winklevoss-owned crypto exchange Gemini have asked a New York federal court to vacate a $5 million settlement ending allegations that Gemini misrepresented a bitcoin futures contract, telling the court that the agency now believes its complaint shouldn't have been filed.
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May 27, 2026
The former chief revenue officer of medical professional networking platform Doximity Inc. has been sentenced by a New York federal judge to just over two years in prison for securities fraud related to his trading on inside information before the company's earnings calls, prosecutors announced Wednesday.
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May 27, 2026
A Pennsylvania federal judge on Wednesday ordered Ecuador's state-owned oil shipping company to arbitrate its $650 million lawsuit over events at the heart of an impeachment scandal involving former Ecuadorian President Guillermo Lasso, ruling that underlying arbitration clauses are valid and enforceable.
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May 27, 2026
A Washington federal judge struck an earlier order granting co-lead roles to two New York law firms in a consolidated shareholder action against Starbucks Corp., handing a win Wednesday to two plaintiffs who'd challenged the appointment and said their own counsel would be better suited for the job.
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May 27, 2026
A New York federal judge signed off Wednesday on the dismissal of charges in the massive FIFA-related corruption dragnet against a former 21st Century Fox executive and an Argentine sports marketing company, months after prosecutors said they were dropping the case.
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May 27, 2026
A Connecticut federal judge on Wednesday gave final approval to a $17.9 million generic drug price-fixing settlement between pharmaceutical companies Bausch Health US LLC, Bausch Health Americas Inc., and Lannett Co. Inc. and 48 states, territories, and governments, finding the terms reasonable despite an objection.
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May 27, 2026
The U.S. Commodity Futures Trading Commission confirmed to Law360 on Wednesday that it has sent its planned rules for event contracts to the White House for review, marking another step toward issuing prediction market regulations amid jurisdictional battles with state gaming regulators.
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May 27, 2026
The NFL's failed bid at the U.S. Supreme Court to resolve a former coach's racial discrimination claims via arbitration serves as a warning to businesses seeking to draft employment contracts with few options and limited rights for workers.
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May 27, 2026
A New York federal court has blocked West Point from requiring civilian faculty to get permission before using their school affiliation in external engagements involving their area of expertise, finding a civilian professor will likely prevail in his First Amendment challenge.
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May 27, 2026
The Second Circuit has found that when a Chinese textile company authorized an insurer to fully collect on a $3 million bankruptcy claim, it authorized the insurer's agent to accept service for a suit that would reduce the amount of the claim.
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May 27, 2026
Spirit Airlines received approval Wednesday for $275 million in Chapter 11 financing that aims to simplify the previously approved sale of 20 aircraft to a stalking horse buyer as it seeks to preserve assets during its wind-down.
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May 27, 2026
A New York federal judge has issued a preliminary injunction blocking a pair of Queens pharmacies from selling any human immunodeficiency virus medications that bear the Gilead name or the name of two of its products.
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May 27, 2026
Live Nation has told a New York federal judge that its bids for a new trial or judgment in its favor should go before state attorneys general to get discovery as they seek the forced divestiture of Ticketmaster to address the live music giant's monopoly.
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May 27, 2026
Actor Keanu Reeves wrote a letter to a Manhattan federal judge to seek leniency for director Carl Erik Rinsch, and Rinsch included it in a memo he submitted to the court asking for no prison time after being convicted of defrauding Netflix out of $11 million to make a never-delivered TV series.