Bloomberg Law The US is opening antitrust investigations into two of the world’s most valuable companies, Microsoft Corp. and Nvidia Corp., over their dominance of the rapidly emerging field of artificial intelligence, according to people familiar with the matter. Microsoft has poured more than $13 billion into its partnership with Read more…
Bloomberg Law National banks will have to contend with more litigation to assess whether state consumer protection laws apply to them after a US Supreme Court unanimous decision on Thursday. The high court’s ruling in Cantero v. Bank of America NA reignites a fight over bank regulation that dates back 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…
Bloomberg Law “A pension fund and an AMC Entertainment Holdings Inc. investor defended on Wednesday a settlement they negotiated with the cinema chain so it could proceed with a stock conversion opposed by its meme stock base. One of those retail traders, Rose Izzo, is asking the Delaware Supreme Court Read more…
Bloomberg Law “A new federal rule that bans the use of worker noncompete agreements in health care has focused attention on the nonprofit health sector, and its near-blanket exemption from the terms of the new regulation. The Federal Trade Commission will determine just how many of the nation’s roughly 3,000 Read more…
Bloomberg Law A company specializing in providing businesses with diversity, equity, and inclusion consulting is suing a rival for allegedly infringing its trademark in connection with providing “nearly identical services.” Catalyst Inc., a global advisory and research not-for-profit organization focused on diversity, equity, and inclusion consulting, alleges Empathy Catalyst Consulting, Read more…
ABA Journal Titanic law helps ship owner limit liability in Baltimore bridge collapse The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage claims after the accident sent vehicles plunging into the water and threw the eastern US transportation network Read more…
ABA Journal A Florida driver alleges in a lawsuit that the sale of misleading driving data to insurers without his knowledge or permission violated consumer laws and his right to privacy. The would-be class action suit filed by Romeo Chicco says LexisNexis Risk Solutions violated the Fair Credit Reporting Act, Read more…
Bloomberg Law Pfizer Inc.‘s recent victory over a conservative group’s legal challenge to the pharmaceutical giant’s diversity fellowship has the potential to undercut a legal strategy often used by organizations attacking such programs in court. The US Court of Appeals for the Second Circuit held that Do No Harm, an Read more…
Reuters WASHINGTON, March 7 (Reuters) – The U.S. House Energy and Commerce committee on Thursday unanimously approved legislation giving China’s ByteDance six months to divest from short video app TikTok or face a U.S. ban. The 50-0 vote represents the most significant momentum for a U.S. crackdown on TikTok, which Read more…