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[1/2] People pose with syringe with needle in front of displayed Moderna logo in this illustration taken, December 11, 2021. REUTERS/Dado Ruvic/IllustrationFeb 15 (Reuters) - The U.S. government should face a patent lawsuit over COVID-19 vaccines, not vaccine maker Moderna Inc (MRNA.O), the Department of Justice told a Delaware federal court on Tuesday. Moderna made the same argument last year in an unsuccessful bid to win an early dismissal of the lawsuit. Both Moderna and Pfizer Inc (PFE.N) have been the target of multiple patent lawsuits over their COVID vaccines, including a lawsuit brought by Moderna against Pfizer in August. The case is Arbutus Biopharma Corp v. Moderna Inc, U.S. District Court for the District of Delaware, No.
WASHINGTON, Feb 15 (Reuters) - U.S. Representative Matt Gaetz's office on Wednesday said federal prosecutors had told his attorneys that he would not be criminally charged following an almost three-year-long sex-trafficking investigation. A Justice Department spokesperson declined to comment. "The Department of Justice has confirmed to Congressman Gaetz's attorneys that their investigation has concluded and that he will not be charged with any crimes," Gaetz's office said. Gaetz, a supporter of former President Donald Trump, repeatedly denied any wrongdoing throughout the investigation. Reporting by Moira Warburton; Editing by Scott Malone and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
[1/2] Former U.S. President Donald Trump speaks during a rally at Florence Regional Airport in Florence, South Carolina, U.S., March 12, 2022. Kaplan said Trump's offer would "almost certainly" delay a scheduled April 25 trial and unduly harm Carroll, who has long accused Trump of stalling. Joseph Tacopina, who joined Trump's legal team two weeks ago, and Carroll's lawyer Roberta Kaplan declined to comment. Carroll originally sought Trump's DNA to compare against a dress she said she wore when the alleged rape occurred. The second lawsuit came in November after Trump repeated his denial, using similar language, in a social media post the prior month.
NEW YORK, Feb 15 (Reuters) - A former dean of Stanford's law school and a computer science researcher at the university co-signed indicted FTX cryptocurrency exchange founder Sam Bankman-Fried's bond, according to court records made public on Wednesday. His parents are both professors at Stanford Law School. On Jan. 25, an individual named Larry Kramer signed a $500,000 bond to ensure Bankman-Fried's return to court, and an individual named Andreas Paepcke signed a $200,000 bond, the newly-unredacted records showed. According to Stanford's website, Kramer is a former dean of the law school while Paepcke is a computer science researcher. The bond represents the amount of money Kramer and Paepcke would be liable to pay if Bankman-Fried does not return to court.
[1/3] Representations of cryptocurrencies are seen in front of displayed FTX logo in this illustration taken November 10, 2022. Sequoia, Thoma Bravo and Paradigm did not immediately respond on Wednesday to requests for comment. The 30-year-old son of Stanford Law School professors has pleaded not guilty to fraud and other charges for allegedly looting billions of dollars from FTX customers. A Manhattan federal court hearing on whether to tighten bail is scheduled for Thursday, after Bankman-Fried allegedly tried to communicate improperly with potential government witnesses. The case is Rabbitte v Sequoia Capital Operations LLC et al, U.S. District Court, Northern District of California, No.
Companies Ledgerx LLC FollowFeb 15 (Reuters) - A U.S. bankruptcy judge on Wednesday denied calls for a new, independent investigation into the collapse of crypto exchange FTX, saying that the proposed investigation would be redundant to other investigations being carried out by FTX's new management and law enforcement. FTX and the committeee representing its junior creditors opposed that demand, saying that the proposed examiner would merely duplicate work already being done by FTX, its creditors, and law enforcement agencies. The proposed examination would also drain millions of dollars from FTX's limited funds, the company argued. FTX, once among the world's top crypto exchanges, shook the sector in November by filing for bankruptcy, leaving an estimated 9 million customers and investors facing billions of dollars in losses. Several former top executives, including Alameda Research CEO Caroline Ellison, have pleaded guilty to fraud.
Feb 14 (Reuters) - Law firm Covington & Burling fired back at a lawsuit from the U.S. Securities and Exchange Commission on Tuesday, arguing the agency overstepped by asking it to identify clients affected by a 2020 cyberattack on the firm. Covington said an SEC subpoena for the names of nearly 300 publicly traded companies whose information was accessed or stolen during the hack threatened to expose confidential client information that the firm is required to protect. The SEC sued Covington last month to force the powerful D.C.-based firm to identify the clients as part of an investigation into potential securities law violations associated with the hack. The firm pointed to legal ethics rules that require law firms to keep the confidences of their clients and protect potentially embarrassing information. Covington said it worked with the FBI to investigate the cyberattack and notified all clients whose information was potentially compromised.
It would be the third defamation trial against Jones and his company Free Speech Systems, after two previous ones found Jones and FSS liable for a combined $1.5 billion in damages. A Texas court previously found them liable and the proposed trial would determine how much Jones owes the parents. He estimated a two-week trial would cost $600,000, reducing the amount of money available to pay Pozner, De La Rosa and other Sandy Hook parents with legal claims against him. Jones filed for personal bankruptcy in December after those two trials concluded, saying he could afford to pay less than 1% of the Sandy Hook defamation judgments. Sandy Hook parents raised concerns at Tuesday's hearing about Jones's recent recording of a podcast similar to his Alex Jones Show in a new studio space and under a brand not affiliated with FSS.
NEW YORK, Feb 14 (Reuters) - A New York state appeals court on Tuesday upheld an order finding Donald Trump in civil contempt for having failed to comply with a subpoena from New York Attorney General Letitia James in her probe of his business practices. It also said Justice Arthur Engoron, who oversees the case in a state court in Manhattan, had discretion to impose a $10,000 daily fine until Trump complied with the subpoena. Trump has called James' probe a politically motivated witch hunt. Those sanctions are on hold until Trump posts a $1.03 million bond for a possible appeal. Reporting by Jonathan Stempel in New York; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
U.S. District Judge Lewis Kaplan imposed the VPN ban through Thursday, when he will hold a hearing to consider additional restrictions to Bankman-Fried's $250 million bail package. The judge on Tuesday extended that ban by three days, to Feb. 24. Prosecutors said Bankman-Fried cheated customers and improperly diverted assets, causing billions of dollars in losses. In a Monday night filing, prosecutors said Bankman-Fried used a VPN to access the internet on Jan. 29 and Feb. 12. Defense lawyers responded that Bankman-Fried used a VPN to watch National Football League playoff games on Jan. 29 and the Super Bowl on Feb. 12.
J&J maintains its talc products are safe. U.S. Bankruptcy Judge Michael Kaplan was set to preside over the hearing for the subsidiary, called LTL Management, in Trenton, New Jersey. In October 2021, J&J offloaded the tidal wave of talc lawsuits it faced onto one of its newly created units, LTL, which then declared bankruptcy. Reuters last year detailed the secret planning of Texas two-steps by Johnson & Johnson and other major firms in a series of reports exploring corporate attempts to evade lawsuits through bankruptcies. LTL declared bankruptcy while J&J avoided seeking Chapter 11 protection, with all its inherent financial and reputational wreckage.
U.S. District Judge Kevin Castel in Manhattan granted a Justice Department motion to stay the lawsuits filed by the Securities and Exchange Commission and the Commodity Futures Trading Commission. Prosecutors said it made sense to delay those lawsuits because the cases substantially overlapped, and the outcome of the criminal case would likely affect what issues remained in the civil cases. They also cited the risk that Bankman-Fried could gather evidence in the civil cases to improperly impeach government witnesses, circumvent discovery rules in criminal cases, and tailor his criminal defense. Bankman-Fried consented to putting the civil cases on hold. Stays of SEC and CFTC lawsuits are common when the Justice Department files parallel criminal cases.
Judicial Panel on Multidistrict Litigation, that the judge overseeing their Miami cases, U.S. District Judge Michael Moore, has already proven in their brand ambassador cases that he can steer FTX cases quickly and efficiently. Not everyone pursuing claims on behalf of FTX customers agrees with Boies and Moskowitz. (To be clear, these private cases are different from cases that could be brought by a court-appointed receiver or trustee in FTX’s Chapter 11 bankruptcy.) If the cases go to California, the California slate is a likelier candidate. It will be a few months before any ruling on the Boies and Moskowitz consolidation petition.
Feb 10 (Reuters) - A U.S. judge in Texas late on Thursday denied a legal bid by families of the victims of two Boeing (BA.N) 737 MAX crashes to reopen or reject a January 2021 deferred prosecution agreement. Boeing won immunity from criminal prosecution as part its $2.5 billion Justice Department deferred prosecution agreement over a 737 MAX fraud conspiracy charge related to the plane's flawed design. U.S. District Judge Reed O'Connor ruled he did not have legal authority to grant the relatives' request, saying he had "immense sympathy for the victims and loved ones of those who died in the tragic plane crashes resulting from Boeing’s criminal conspiracy." Reporting by David Shepardson; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
"It's judge shopping on steroids," said Sarah Lipton-Lubet, executive director of the progressive legal advocacy group Take Back the Court. The Biden administration has called the lawsuit "unprecedented" and urged Kacsmaryk to not deprive women of a long-approved safe and effective drug. At least eight have led to rulings blocking Biden policies, with several more pending. The chief judges of Texas federal courts have the authority to reallocate cases to other judges, but have largely not done so, he said. Absent a change, litigants have every right to take advantage of that structure to seek a favorable judge, he said.
CompaniesCompanies Law firms Meta Platforms Inc FollowFeb 10 (Reuters) - To Facebook parent Meta Platforms Inc (META.O) and its lawyers at Gibson, Dunn & Crutcher, $925,000 isn't a whole lot of money. Chhabria, as you've probably heard, ordered Facebook and its lawyers to pay that sum to plaintiffs' lawyers as recompense for their bad-faith litigation tactics. "Does anyone really think that Facebook was planning on taking this case to trial?" This is, by far, the most likely explanation for Facebook and Gibson Dunn’s conduct." Facebook and its lawyers fell into their roles with ease, and then they took things way too far.”Gibson Dunn and Meta both declined to provide a statement on Chhabria’s order.
Medication abortion has drawn increasing attention since the U.S. Supreme Court last year reversed its landmark 1973 Roe v. Wade ruling, which had guaranteed abortion rights nationwide. President Joe Biden, a Democrat, directed federal agencies to expand access to medication abortion in response to the decision. Mifepristone is used in combination with another drug, misoprostol, for medication abortion, which accounts for more than half of U.S. abortions. They said ending access to the drug would force patients to have unnecessary surgical abortions or prevent them from accessing abortion altogether. The Texas lawsuit could move quickly, as the plaintiffs in a filing on Friday asked Kacsmaryk to skip a hearing on a preliminary order and instead go straight to trial.
Feb 9 (Reuters) - A U.S. judge on Thursday sanctioned Meta Platforms Inc (META.O) and its law firm, Gibson, Dunn & Crutcher for “delay, misdirection and frivolous arguments” in a data privacy lawsuit over the company’s sharing of user information with third-parties. Representatives for Gibson Dunn and Facebook did not immediately respond to requests for comment. Los Angeles-founded Gibson Dunn has represented the company in numerous matters. The court had ordered Facebook to turn over data it had collected on the plaintiffs in the case, regardless of whether it had been shared. The case is IN RE: Facebook, INC. Consumer Privacy User Profile Litigation, U.S. District Court for the Northern District of California, No.
[1/2] Former U.S. Vice President Mike Pence speaks at the Heritage Foundation in Washington, U.S., October 19, 2022. Pence was issued a subpoena by special counsel Jack Smith, though the nature of the request was not immediately known, ABC News reported, citing sources. The first probe involves Trump's handling of highly sensitive classified documents he retained at his Florida resort after leaving the White House in January 2021. Last month, Garland named a separate special counsel, Robert Hur, to probe the improper storage of classified documents at President Biden's home and former office. In late January, Pence said he was not aware though he takes "full responsibility" after classified documents were found at his Indiana home.
The states said in their lawsuit, however, that the rule in practice could affect anyone who uses a brace. Texas Attorney General Ken Paxton filed a similar, separate lawsuit in federal court in Texas on Thursday. A group of veterans also filed a lawsuit challenging the rule in federal court in Texas earlier this month. Democratic President Joe Biden has championed tougher gun control measures, and last year signed a national gun safety law. Since then, several state gun control measures have been struck down by courts.
REUTERS/Shannon StapletonCompanies Ledgerx LLC FollowNEW YORK, Feb 9 (Reuters) - A U.S. judge on Thursday extended a ban on FTX cryptocurrency exchange founder Sam Bankman-Fried's ability to contact employees of companies he once controlled and use encrypted messaging technology while out on bail awaiting trial on fraud charges. As a condition of his release on $250 million bond, the judge also prevented Bankman-Fried from using messaging apps such as Signal that let users auto-delete messages. A prosecutor, Danielle Sassoon, told the judge that the people were connected with FTX but not central to the government case and not expected to testify. Bankman-Fried had also agreed to withdraw his objection to a bail condition preventing him from accessing FTX, Alameda or cryptocurrency assets. Bankman-Fried was extradited from the Bahamas, where he had lived and where the exchange was based, to face the criminal charges.
Feb 9 (Reuters) - A unit of medical device maker Medtronic plc (MDT.N) must pay $106.5 million to competitor Colibri Heart Valve LLC for patent infringement, a Santa Ana, California federal jury said Wednesday. The jury concluded after a seven-day trial that Medtronic CoreValve LLC's Evolut devices violate a Colibri patent for replacing heart valves in patients with heart disease, representatives for the companies confirmed Thursday. A spokesperson for Medtronic said the Minneapolis-headquartered company strongly disagrees with the verdict and will appeal. It alleged doctors use Medtronic's devices in a way that infringes Colibri's patent, which covers a method for controlling the deployment of self-expanding artificial heart valves. The case is Colibri Heart Valve LLC v. Medtronic CoreValve LLC, U.S. District Court for the Central District of California, No.
[1/5] Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives for his court hearing at a federal court in New York City, U.S., February 9, 2023. Kaplan rejected that proposed agreement on Tuesday and proceeded with the hearing on Bankman-Fried's bail conditions on Thursday, without explaining why he denied the deal. As part of the agreement with prosecutors, Bankman-Fried would have also withdrawn his objection to a bail condition preventing him from accessing FTX, Alameda or cryptocurrency assets. FTX collapsed in November after a wave of withdrawals and declared bankruptcy, wiping out Bankman-Fried's fortune. Reporting by Luc Cohen in New York; Editing by Lisa Shumaker and Will DunhamOur Standards: The Thomson Reuters Trust Principles.
Circuit Court of Appeals in San Francisco over the Cambridge Analytica scandal, where data for up to 87 million users was accessed. Investors claimed that Facebook, as the company was known, misled them in 2016 by describing data breaches as a mere "risk," when it knew that Cambridge had accessed user data. "It's not plausible that the company was trying to mislead the public about something the public already knew," he said. Facebook paid more than $5 billion in penalties to U.S. authorities over Cambridge Analytica. It agreed to pay $725 million to settle a lawsuit by Facebook users in December.
Right now, Wahi argued, crypto users are simply left guessing about their exposure to SEC enforcement — and that's not sustainable. That strategy, Hodl Law asserted, didn't give token-holders fair notice about whether their coins are securities. Otherwise, Hodl Law said, Ethereum users have no idea if the SEC will swoop in with an enforcement action. The SEC also said that it's not obliged to warn crypto users about its interpretation of securities laws. It also, however, provides the first robust explanation of an argument I expect to see more often in SEC crypto cases: SEC enforcement, according to Wahi, is precluded by the Supreme Court’s recently articulated major questions doctrine.
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