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PNC, Beazley Insurer Sued by Ohio Law Firm Over Wire Fraud

An Ohio law firm sued PNC Financial Services Group Inc. and a Beazley Plc insurance unit after losing $328,500 in a wire fraud scheme, claiming the bank wrongly indicated a fraudulent check had cleared and that the insurer improperly denied coverage.

By Bloomberg Law Automation

AI Chipmaker Cerebras Is Said to Target Up to $4 Billion in IPO

Cerebras Systems Inc. is seeking to raise as much as $4 billion in its initial public offering, according to people familiar with the matter, as demand for the artificial intelligence chipmaker and data center operator’s shares heats up.

California Privacy Agency Ratchets Up Probes Into Data Brokers

California’s privacy agency is investigating companies that may be skirting requirements to register as data brokers with the state, and is aiming to boost such probes this summer.

Cybersecurity Agencies Worldwide Warn About Agentic AI Risks

Companies and governments using AI agents need to anticipate and assess how their use can open them up to risks and affect operations, cybersecurity agencies in the USA, U.K. and Australia warned.

Fed’s Bowman Says Mythos Shows ‘Dynamic Nature’ of AI Tools

The Federal Reserve’s top bank cop said regulators must consider how best to supervise new technology like Anthropic PBC’s Mythos, as officials grapple with the potential risks of artificial intelligence models.

DOJ Turns to Texas Judge to End Transgender Probe Losses

The Justice Department asked a Texas court to order a Rhode Island hospital to comply with a subpoena for transgender health records, a new jurisdictional tactic after judges elsewhere have blocked parallel demands for sensitive patient data.

LasikMD Parent Reaches Settlement of Suit Over Meta Data Sharing

A consumer dropped his proposed class action alleging that VGC Group LP, a provider of laser vision-correction services, shared his personal information with Meta Platforms Inc. in violation of state and federal privacy laws.

Private Equity’s Bet on a Contentious Autism Therapy Hasn’t Paid

ABA has become big business, with parents and patients who swear by it. Critics call it harmful.

Graduates Look to Skip Big Law, Go Straight to Plaintiffs’ Firms

Some enterprising students have been carving a path to plaintiffs’ firms straight out of top law schools, seeing trial work as a way to weather the disruption of AI or avoid Big Law after Trump’s attacks on firms last year.

Prediction Market Policing Will Test Insider Trading Law Limits

The US agency charged with overseeing derivatives might face difficulty rooting out alleged insider trading and misconduct on prediction markets given the outlines of federal law, even if it succeeds in elbowing out state regulators, attorneys say.

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Patent Lawyers Are Shields Protecting Inventions From AI Misuse

David Jordan

Fish

Here’s Why More Corporate Counsel Are Turning to Arbitration

Randa Adra

Crowell & Moring

NY State Actions Show Prediction Markets Are Having a Moment

Melinda Roth

Washington and Lee University School of Law

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Scalia Clerks Argued in Half the Supreme Court Cases This Term

Former clerks to the late Justice Antonin Scalia argued in nearly three dozen cases—or 52% of the docket— before the US Supreme Court this term, far more than clerks from any other chambers.

California State Bar Ups Legal Aid, New Lawyers Admitted in 2025

The California State Bar admitted more new attorneys in fiscal year 2025, compared to the year prior, the bar announced in its digital annual report, as it dealt with the fallout of its botched February bar exam.

Lawyer Fired by Trumps for Harvard Work Is Again Helping Family

The conservative lawyer fired by the Trump Organization last year for representing Harvard University is back helping the family, this time defending a crypto venture.

Buchanan Brings On Litigator Marc J. Gross in New York

Marc Gross joined Buchanan Ingersoll & Rooney as a shareholder in its litigation section in Newark and New York, the firm announced Friday.

Akerman Expands Intellectual Property Bench in New York

Erin Hennessy and Annie Allison joined Akerman as partners in its intellectual property practice group in New York, the firm announced Friday.

Pillsbury Adds IP Litigator Robert L. Uriarte in Los Angeles

Robert Uriarte joined Pillsbury as a partner in its intellectual property practice in Los Angeles, the firm announced Friday.

Spirit Airlines Shutdown Sends Travelers Rushing to Find Flights

The collapse of Spirit Airlines is cascading through airports across the US, leaving passengers stranded mid-journey and sending rival carriers into rapid-response mode to contain the damage.

Spirit Ends Operations After White House Bailout Collapses (3)

Spirit Aviation Holdings Inc.is winding down operations after the troubled US discount carrier buckled under the weight of surging fuel prices and a government bailout dangled by President Donald Trump fell through.

Berkshire Hathaway’s Cash Surges in Abel’s First Quarter as CEO

Berkshire Hathaway Inc.’s cash pile soared to its highest level ever and operating earnings jumped in Greg Abel’s first quarter as chief executive officer.

German Auto Group Urges De-Escalation in US-EU Tariff Dispute

Germany’s automotive industry pleaded for an urgent de-escalation in the tariff dispute between the US and the European Union and called for immediate talks between the two sides after President Donald Trump said he would increase auto tariffs on the bloc next week.

Spirit Bailout Talks Said to Have Ended With Closure Looming (1)

Talks between the Trump administration and Spirit Aviation Holdings Inc. have ended without a deal being reached to rescue the beleaguered airline, according to people familiar with the matter.

REI Union Workers Initiate Consumer Boycott Over Stalled Talks

REI workers have launched a consumer boycott of the outdoor equipment retailer’s annual anniversary sale over stalled labor negotiations.

OPEC+ Agrees Symbolic Quota Hike as UAE Touts Oil Investment (3)

Major OPEC+ nations agreed on a modest and symbolic increase in their June production quota levels, as the group sends a business-as-usual message following the surprise exit of the United Arab Emirates. Abu Dhabi at the same moment touted its own growth plans.