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Supreme Court backs SEC in fight over ‘disgorgement’ power
The U.S. Supreme Court rejected a challenge to the SEC's authority to recover illegal profits using a financial remedy called disgorgement.
Supreme Court rejects drugmaker’s ‘skinny label’ patent challenge
Drugmaker Hikma's generic version of Amarin Pharma's cardiovascular medication Vascepa did not infringe Amarin's patents, the U.S. Supreme Court ruled.
To boost IPOs, SEC proposes changes to share registration, reporting rules
The SEC announced what it said were broadbased reform proposals for regulations on how companies offer shares and report required information to investors.
Elon Musk loses lawsuit against OpenAI
A U.S. jury ruled against Elon Musk in his lawsuit against OpenAI, finding the artificial intelligence company not liable.
EBay rejects GameStop’s $56B bid as ‘neither credible nor attractive’
EBay rejected a $56 billion takeover bid from the much smaller GameStop over financing doubts, calling the proposal "neither credible nor attractive."
Supreme Court declines to pause order holding Apple in contempt in Epic Games lawsuit
The Supreme Court rejected Apple's request to block an order that found it in violation of sweeping court-mandated changes to its App Store as part of an antitrust lawsuit by Epic Games.
Elon Musk settles SEC lawsuit over Twitter disclosures; $1.5M fine imposed
Elon Musk settled the SEC's civil lawsuit accusing the world's richest person of waiting too long in 2022 to disclose his initial purchases of Twitter.
GameStop makes bold $56B play for eBay, ready to go hostile
GameStop proposed to buy eBay Inc. for about $56 billion in a cash-and-stock deal and signaled willingness to take the bid directly to shareholders.
Elon Musk says in trial OpenAI was his idea, before executives looted it
Lawyers disputed whether Elon Musk was committed to ensuring that AI be used to benefit society in a high-stakes trial over the future of OpenAI.
Judge dismisses lawsuit by Musk’s X accusing advertisers of illegal boycott
A U.S. judge dismissed X Corp's antitrust lawsuit that accused major advertisers of illegally boycotting Elon Musk’s social media company.
SEC issues long-awaited crypto guidance
The U.S. Securities and Exchange Commission issued an interpretation clarifying which types of cryptocurrencies are considered securities.
MD to continue lawsuit against Live Nation even after settlement
Maryland Attorney General Anthony Brown will continue his lawsuit against Live Nation, even after it reached a settlement with the Justice Department.
