Capital One-Discover Deal Hits Roadblock in Bank Merger Overhaul
That compares to 99 deals worth $4.15 billion in all of 2023, the lowest level since at least 2000. The Capital One-Discover deal will be the biggest test for the new bank review regime, particularly if there’s a difference of opinion between the federal banking regulators and the Justice Department, Van Tol said.
US Investigating SAP, Carahsoft for Possible Price-Fixing (1)
SAP shares dropped 2.4% to close at €201.80 in Frankfurt on Wednesday. The shares have risen about 44% this year. News of the probe also had knock-on effects for shares of ServiceNow Inc. and Okta Inc., which both “saw over 40% of disclosed federal contract dollars come through Carahsoft,” according to a note from Piper Sandler.
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ANALYSIS: Bloomberg Law 2024—The Legal Industry Looks Ahead
Nov 6, 2023 · The Bloomberg Law 2024 series previews the themes and topics that our legal analysts will be watching closely in 2024. Artificial intelligence. ESG. DEI. Supply chain. Labor unions. Reproductive rights. These are just a small sample of …
Covid Vaccine Injury Suit May Fuel Federal Overhaul, Litigation
Nov 3, 2023 · Manufacturers may face litigation, attorneys say. A lawsuit by Covid-19 vaccine recipients claiming they were injured by their shots may usher in long-awaited changes to how the federal government handles immunization injuries. Individuals frustrated by the HHS program designed to compensate them for their injuries are taking their grievances ...
Florida Justices Roast State Argument Against Abortion Amendment
Feb 7, 2024 · A lopsided oral argument Wednesday saw conservatives on the Florida Supreme Court openly disagreeing with the state Attorney General’s opposition to an abortion amendment that could rewrite pregnancy termination rules in the state. Attorneys opposed to the ballot measure petition—which has received more than 1,000,000 voter signatures ...
Uber, Lyft Are Winning the Gig Worker War in States, Courts (1)
Aug 5, 2024 · Deep Dive. Gig-economy giants Uber Technologies Inc., Lyft Inc., and DoorDash Inc. appear to be winning the long-running battle over the classification status of their drivers, notching multiple state-level deals and court rulings to maintain their designation as independent contractors. A Pennsylvania federal court judge dismissed an eight ...
UnitedHealth Faces Antitrust Probe by US Justice Department (2)
Feb 28, 2024 · UnitedHealth Group Inc. The US Department of Justice has initiated an antitrust investigation into UnitedHealth Group Inc., people familiar with the matter said Tuesday. The probe opens a new layer of scrutiny on the largest US health insurer that operates in pharmacy benefits, medical care, technology and other services.
Supreme Court Wipes Away Conflicting Rulings on Covid Vaccines
Dec 11, 2023 · coronavirus. The US Supreme Court tossed competing appellate rulings on an executive order President Joe Biden has since revoked that required all federal employees to be vaccinated against Covid-19. In orders Monday, the justices vacated decisions from the US Court of Appeals for the Fifth, Sixth and DC Circuits on whether federal employees ...
By the Numbers: Four Practices to Power Big Law Growth in 2024
Jan 3, 2024 · US insolvencies are expected to rise in 2024 by 22% from 2023 levels, according to insurer Allianz Global, putting the post-Covid bankruptcy nadir firmly in the rear-view window. Tighter credit conditions and the possibility of deteriorating economic conditions will drive the acceleration of cases, the insurer said.