Top Stories

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  Getty Gets UK OK For $3.7B Shutterstock Deal With News Sale

  By Tom Fish

  Britain's Competition and Markets Authority said Friday it will allow Getty Images to buy its rival Shutterstock...(read more)

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  'Who's Telling The Truth?' Musk-OpenAI Fight Goes To Jury

  By Dorothy Atkins

  Elon Musk's counsel urged a California federal jury during trial closings Thursday to find OpenAI breached its c...(read more)

• 4th Circ. Halts Md. Law Banning Electricity Greenwashing

  By Gautama Mehta

  The Fourth Circuit on Friday halted a Maryland law aimed at preventing electricity companies from falsely marketing their power as environmentally friendly, saying it may be overly broad in a likely violation of the First Amendment.

• New SEC Reporting Plan May Not Sway Energy Cos.

  By Keith Goldberg

  The U.S. Securities and Exchange Commission wants to let publicly traded companies move from a quarterly to a semiannual earnings reporting schedule, but energy industry volatility and investor expectations may make oil and gas firms reluctant to embrace the option.

• DC Circ. Hears Russia's Bid To Block $5B Yukos Award

  By Joyce Hanson

  The Russian Federation's constitution and statutes make clear that Vladimir Putin's administration and Yukos Oil Co.'s financing arm didn't have a valid agreement to arbitrate a dispute that resulted in a nearly $5 billion arbitral award against the country, Russia told the D.C. Circuit Friday.

• 9th Circ. Revives Licorice Buyer's Wiley Wallaby Label Suit

  By Rachel Riley

  The Ninth Circuit on Friday reinstated a consumer's proposed class action accusing a candy maker of deceptively labeling Wiley Wallaby-brand berry licorice as naturally flavored despite using an artificial ingredient, finding the buyer leveled plausible allegations that the manufacturer's statements would likely trick a reasonable consumer.

• 4th Circ. Hands Express Scripts Jury Trial In W.Va. Opioid Suit

  By Gianna Ferrarin

  The Fourth Circuit on Friday issued a writ of mandamus backing Express Scripts Inc.'s right to a jury trial in litigation over the pharmacy benefit manager's alleged role in contributing to the opioid crisis in West Virginia.

• Meta Fights Uphill To Nix BIPA Voiceprint Privacy Claims

  By Dorothy Atkins

  A California federal judge said Friday she's inclined to deny Meta Platforms Inc.'s summary judgment bid on an Illinois resident's claims Meta violated the Prairie State's Biometric Information Privacy Act by obtaining her voice recordings from Facebook and Messenger platforms, saying there's enough evidence to establish a material factual dispute.

• Burford Tells Justices 3rd Circ. Botched Arbitration Question

  By Caroline Simson

  Litigation funder Burford Capital is urging the U.S. Supreme Court to reverse a Third Circuit decision dismissing on jurisdictional grounds its bid to arbitrate a dispute relating to German antitrust litigation, arguing that the appeals court committed a "fundamental error."

• 4 Key Takeaways From SEC's Semiannual Reporting Proposal

  By Jessica Corso

  The U.S. Securities and Exchange Commission recently put forth a plan that could allow publicly traded companies to move from a quarterly to a semiannual reporting schedule, but whether they choose to do so and how that could impact both the growth of the public markets and insider-trading plans for corporate leaders remains up for debate.

• Girardi Trial Judge Josephine Staton To Take Senior Status

  By Ryan Boysen

  The California federal judge who sentenced disgraced trial attorney Tom Girardi to prison for wire fraud last year has announced that she'll be taking senior status in the fall, allowing President Donald Trump to appoint her successor.

• Turkish Fintech Exec Cops To Duping Venture Capital Backers

  By Pete Brush

  A fintech executive from Turkey copped to a count of securities fraud Friday, telling a Manhattan federal judge that she lied to seed-round investors who backed her Kalder Inc. startup and agreeing to forfeit about $7 million.

• 8th Circ. Wells Fargo Ruling Focuses On Establishing Injury

  By Kellie Mejdrich

  The Eighth Circuit's recent decision affirming the dismissal of a proposed class action claiming Wells Fargo misspent 401(k) forfeitures won't dissuade workers from filing similar suits, attorneys say, but those plan participants will likely include more details on how they were allegedly hurt.

• Mistrial In Weinstein Case As NY Jury Splits 9-3 To Acquit

  By Frank G. Runyeon

  A Manhattan judge declared a mistrial Friday on a rape charge against Harvey Weinstein following a deadlock where most jurors voted to acquit the once-powerful Hollywood producer, ending a three-week trial that leaned heavily on the credibility of a single accuser and put questions of consent at the center of the case.