Bloomberg Law “US Supreme Court justices showed an interest in returning to the SEC the job of refining companies’ risk disclosure requirements during oral argument Nov. 7 in a Meta Platforms Inc. securities fraud case. The justices repeatedly wondered what kind of guideline they could craft as they confronted a wide range Read more
Bloomberg Law “Warner Bros. Discovery Inc. and its top executives prevailed again on appeal in a securities lawsuit, after a panel of Second Circuit judges ruled Friday that investors couldn’t show the entertainment giant misled them in disclosures before its merger took place. The offering documents for the tie-up between Read more
American Bar Association “Website host GoDaddy.com LLC must face antitrust claims that it discouraged customers from using the software tools of a rival through an unlawful agreement. Judge Anthony J. Trenga of the US District Court for the Eastern District of Virginia in a Thursday order denied GoDaddy’s motion to dismiss, saying plaintiff Entri Read more
American Bar Association “There has been a growing interest in the acquisition and sale of telehealth providers. While the COVID-19 pandemic may have laid the foundation, a recent wave of success for online compounding pharmacies producing weight loss drugs has enhanced the interest in telehealth companies. Such telehealth companies are focusing on Read more
Bloomberg Law “Apple Inc. must face several claims in a proposed class action alleging it collected data from app users after they had selected iPhone or iPad settings that Apple said would stop data tracking. The consumers sufficiently alleged they withdrew their consent to the contested data collection by disabling Read more
Reuters “Sept 20 (Reuters) – The U.S. Federal Trade Commission sued the country’s three largest pharmacy benefit managers on Friday, accusing them of steering diabetes patients towards higher priced insulin in order to reap millions of dollars in rebates from pharmaceutical companies. The case accuses UnitedHealth Group Inc’s(UNH.N) opens new tabOptum Read more
ABA Journal “The Happiest Place on Earth” may not have been living up to its name recently, when a forced arbitration case pushed Disney directly into the clickbait headlines. After his wife died from a severe allergic reaction at a park restaurant last year, Disney allegedly told her widower that Read more
Bloomberg Law “The Securities and Exchange Commission is accusing two Florida men of defrauding investors out of $125,000 in a litigation finance scheme. The agency on Friday sued Michael Chhabra and his father, Vineet “Vincent” Chhabra, in a federal court in Washington. SEC lawyers say the pair used money invested Read more
Bloomberg Law “FTX Trading Ltd. reached a $3.3 milllion settlement with corporate bankruptcy servicer Kroll Restructuring Administration LLC over a 2023 breach of customers’ personal data. Kroll, a vendor that helps large bankrupt companies collect claims data and disseminate information to creditors, has agreed to reimburse FTX for costs and Read more
Bloomberg Law “Kroger Co. and Albertsons Cos. defeated the Federal Trade Commission’s efforts to force the supermarket giants to produce documents on their plans to divest stores as part of their $25 billion tie-up. The FTC’s request for negotiation materials was “premature,” Chief Administrative Law Judge Michael Chappell said in Read more