(Westlaw) A federal appeals court has affirmed the Federal Reserve’s discretion to deny a master account to a Wyoming-chartered crypto bank that had argued federal law mandates access to the nation’s central banking system. Custodia Bank Inc. v. Federal Reserve (…)
(Westlaw) A federal judge has green-lighted authors’ copyright claims against OpenAI, and a university says Google Earth violates its patent rights. Here’s a roundup of recent events in the world of Big Tech. Artificial intelligence A class of authors can (…)
(Reuters) – Pfizer filed a second lawsuit on Monday accusing Danish drugmaker Novo Nordisk of structuring its $9 billion bid for biotech Metsera to stall, not close, the deal, a tactic it said is designed to suppress competition in obesity (…)
(Reuters) The U.S. Supreme Court declined on Monday to hear a bid by the conservative activist group Project Veritas to invalidate on constitutional free speech grounds an Oregon law that generally bans unannounced recordings of conversations. The justices turned away (…)
(Reuters) A Delaware judge said former Activision Blizzard officials including Chief Executive Bobby Kotick must face most of a lawsuit alleging they shortchanged shareholders when Microsoft bought the “Call of Duty” game maker for $75.4 billion. Chancellor Kathaleen McCormick of (…)
(Reuters) The U.S. Supreme Court declined on Monday to hear a bid by Europe’s largest software maker SAP to avoid a lawsuit by U.S. data technology company Teradata that accused it of violating American antitrust law. The justices turned away (…)
(Reuters) The U.S. Supreme Court declined on Monday to halt key parts of a judge’s order requiring Alphabet’s Google to make major changes to its app store Play, as the company prepares to appeal a decision in a lawsuit brought (…)
(JD Supra) In Notice 2025-53, the IRS provided relief for individuals and businesses affected by terrorism in the State of Israel throughout 2024 and 2025. The new notice extends the relief granted to taxpayers in Israel, as well as the (…)
(Reuters) A federal judge said Coinbase shareholders may pursue a narrowed lawsuit accusing the largest U.S. cryptocurrency exchange operator of concealing business risks, including whether it would be sued by the Securities and Exchange Commission. In a Tuesday night decision, (…)
(Westlaw) The Delaware Chancery Court has dismissed a stockholder lawsuit challenging the 2021 merger of a special purpose acquisition company with fitness and health company The Beachbody Co. Group LLC, ruling the claims were filed too late. Reilly v. Horn (…)