M&A Year in Review: 2022 Marched in Like a Lion, Out Like a Lamb

Despite the precipitous drop in M&A activity during the second half of 2022, many law firms kept busy with new deals during Q4. From geopolitical turmoil to rapidly increasing interest rates, companies’ appetites for acquisitions cooled – but not without many deals proceeding nonetheless. Matterhorn’s...

Bitcoin Mining Enterprise Argo Sees Securities Suit After Production Slows

A lawsuit filed in the Eastern District of New York has taken aim at London, England-headquartered Argo Blockchain PLC and its directors...

Google Asks 9th Cir. to Reconsider Child Privacy Law Preemption Ruling

A petition submitted late last week asked the Ninth Circuit to review a panel’s recent decision involving enforcement of the federal Children’s...

Meta Urges Dismissal of Investors’ ‘Facebook Files’ Securities Fraud Suit

Late last week, Meta Platforms moved to dismiss a consolidated securities fraud complaint, a collection of cases filed after the so-called “Facebook...

M&A

Featured Viewpoints

APCT Acquires Advanced Circuits as U.S.-China Chip War Escalates

Circuit board manufacturer APCT, Inc. announced its acquisition of Advanced Circuits, Inc. in an all cash merger valued at $220 million. APCT...

Black Gold: Cactus Acquires FlexSteel as U.S. Oil Production Booms

2023 has kicked off with a flurry of M&A activity, including Cactus, Inc.’s $621 million acquisition of FlexSteel Technologies Holdings, Inc. The...

Could 2023 See the Next M&A Boom?

After a steep slowdown during the second half of 2022, M&A activity will likely pick up in the coming months – if...

SEC Says Gold Mining SPAC Ex-CFO Orchestrated $5M Fraud Scheme

According to court records, Cooper Morgenthau has pled guilty to embezzling funds from the three SPACs he founded. For violating the Securities...

M&A Year in Review: 2022 Marched in Like a Lion, Out Like a Lamb

Despite the precipitous drop in M&A activity during the second half of 2022, many law firms kept busy with new deals during...

Flying Cameras: Gaps in Drone Regulation and How Courts Can Fill Them … at Least for Now

Drones have rapidly transformed dozens of industries since hitting the commercial market. International aid groups use medical drones to deliver life-saving medications and vaccines...

VIEWPOINTS: Settlement Changes Calculus for Gunmakers’ Insurers

On February 15, 2022, Remington Arms, manufacturer of the Bushmaster AR15-style rifle, agreed to pay $73 million to settle a lawsuit filed by the...

VIEWPOINTS: M&A Transactions Face Heightened Government Scrutiny

In the latest signal of the antitrust regulation’s renewed teeth, the Senate confirmed Jonathan Kanter to lead the U.S. Department of Justice’s...

VIEWPOINTS: COVID at the Gate – Tracking Merger and Securities Litigation Through the Pandemic

Logan Beirne, CEO of Matterhorn Transactions. The United States mergers & acquisitions (M&A) market has faced a...

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Emerging Tech

Bitcoin Mining Enterprise Argo Sees Securities Suit After Production Slows

A lawsuit filed in the Eastern District of New York has taken aim at London, England-headquartered Argo Blockchain PLC and its directors over a September 2021 initial public offering that investors claim went bust.

Court Nixes Minor Gamers’ In-App Purchase Cancellation Suit Against Roblox

On Wednesday, Judge Maxine M. Chesney dismissed, for good, a consumer suit filed by a minor plaintiff against gaming platform Roblox Corporation....

Private Suit Follows SEC Action Against Genesis Capital

In the wake of a similar suit brought by regulators, a group of investors has filed a class action complaint against...

Nexo Latest to Settle with SEC and States over Unregistered Crypto Offerings in $45M Deal

The Securities and Exchange Commission (SEC) and separately, ten state attorneys general announced agreements with Nexo Inc. and Nexo Capital Inc. (together,...

Founder of Crypto Exchange Bitzlato Arrested for Laundering of Over $700M of Illicit Funds

According to the Department of Justice, Anatoly Legkodymov, a Russian national was arrested in Miami, Fla. on Tuesday for operating a China-based...

Health

NutraClick Beauty and Health Subscription Fraud Victims See Nearly $1M in Refunds from FTC

The Federal Trade Commission (FTC) is returning nearly a million dollars to consumers from the cosmetics and supplements subscription service NutraClick LLC. The FTC alleges that contrary to a 2016 agreement, NutraClick continued its practice of charging customers without their consent. In...

FTC Fines LasikPlus for Bait-and-Switch Eye Surgery Ads

The Federal Trade Commission (FTC) voted 3–1 to file a complaint and accept the consent agreement with LCA-Vision. They allege the company...

N.D. Cal. Dismisses Securities Class Action Against BioMarin Pharma

On Thursday, the Northern District of California issued an order granting BioMarin Pharmaceutical Inc.’s motion to dismiss the class action securities lawsuit...

Plaintiffs Receive Favorable Ruling in Melatonin Supplement Mislabeling Suit

Judge Charles Breyer, of the Northern District of California, has largely denied Zarbee’s Inc.’s motion to dismiss a suit alleging that the...

Food & Agriculture

False Ad Class Action Scorches Fireball Maker

Damien Patterson filed a class-action complaint against the Sazerac Company, Inc for false advertising. He argues that Fireball Cinnamon Whiskey and Fireball Cinnamon Malt Drink have labels that are confusingly similar.  Patterson purports in the filing to be fond of Fireball Cinnamon...

Chipotle Receives Telemarketing Complaint After Spamming Customers with Offers

Last week , a class action lawsuit was filed against restaurant chain Chipotle in the Central District of California. The lawsuit, brought...

AGs Tell EPA Leaded Aviation Fuel Harms Humans and Environment

A coalition of attorneys general from 12 states, including New York, California, and the District of Columbia, wrote a letter to the...

Northern District of California Issues Mixed Ruling in Class Action Challenging Gerber’s Non-GMO Claims

On Friday, the Northern District of California issued an order denying in part and granting in part Gerber Products Company’s motion to...

Around Law Street

Airbnb to ban Party Houses After Halloween Shooting

A Halloween party at an Airbnb in Orinda, California, located in the San Francisco Bay Area, ended in the deaths of five...

Hog Farmer Sues JBS Live Pork for Breach of Contract and Conversion

On Tuesday, Justin Garner filed a complaint in the Western District of Arkansas against JBS Live Pork, LLC alleging breach of a...

Sanctions Result in Axed Theory of Damages for Aetna

On Friday, the court issued an opinion in the case brought by Aetna Inc. against Mednax Inc. and affiliated companies. The case,...

Cisco Software and Licenses are Pirated by Same Company Under Different Names

On November 14 plaintiff Cisco Systems, Inc. filed a complaint against defendants Shoc Networks, LLC (Cisco Systems, Inc and Cisco Technology Inc. v. Shoc Networks,...

FCC Revokes Telecom Authority of Two China-Owned Entities

With a 138-page order, the Federal Communications Commission (FCC) revoked the authority of Pacific Networks and its subsidiary ComNet to operate telecommunications...

Defamation Claim Partially Survives Dismissal in Suit by Former Ohio Hospital Employees

On Wednesday, Judges Edmund A. Sargus Jr. and Kimberly A. Jolson of the Southern District of Ohio partially denied Mount Carmel Health...

Uber Loses its Driver’s License in London

On November 25, Uber lost its license in London to carry paying passengers; this is the second time this has occurred in...

Commercial Fishermen Sue Pres. Biden for Designating Fishing Areas of the Atlantic as National Monument

On Tuesday, fishermen Patrick Fehily and David T. Malley filed a complaint in the District of New Jersey against President Biden, Gina...

Heinz Opposes Trademark Request from Foster Farms for Frozen Pizza

On Monday, H.J. Heinz US Brands LLC filed an opposition to Foster Poultry Farms’ application for a trademark for SMART CRUST before...

Intellectual Property

Cortex Sues Visa Over Mobile Wallet Patents

On Thursday, Visa was sued by mobile wallet provider Cortex in the Western District of Texas. The filing alleges that Visa...

Wayfair Secures Dismissal of False Advertising Claims in Williams Sonoma’s Furniture Rip-Off Suit

An opinion issued Tuesday by Judge Patti B. Saris said that the majority of Williams Sonoma Inc.’s (WSI) claims against Wayfair Inc....

In Latest TM Suits, Patagonia Sues Gearbubble and MyLocker for Infringement

Apparel company Patagonia filed two related lawsuits against Gearbubble and MyLocker claiming that their trademarked logo was being illegally used to sell...

Policy

NY AG Seeks Answers from Madison Square Garden on Facial Recognition Tech

New York Attorney General Letitia James issued a letter to the operators of Madison Square Garden and Radio City Music Hall late...

NutraClick Beauty and Health Subscription Fraud Victims See Nearly $1M in Refunds from FTC

The Federal Trade Commission (FTC) is returning nearly a million dollars to consumers from the cosmetics and supplements subscription service NutraClick LLC....

FCC Takes on Mortgage Scam Robocall Campaign Targeting Homeowners

On Tuesday, the Federal Communications Commission (FCC) ordered telecommunications companies to refuse suspected illegal traffic from dialing platform PhoneBurner, which reportedly facilitated...

Cybersecurity

Cloud Computing Co. Rackspace Hit with Class Action Over Data Breach

Two Rackspace Technology Inc. clients have sued the cloud technologies provider over a data breach that occurred in early December and led...

Class Action Takes on T-Mobile for Latest Breach of Customer Data

A negligence suit filed in Los Angeles, Calif. claims that T-Mobile US Inc. has once again failed to protect its mobile subscribers’...

T-Mobile Data Breach Victims Move for Final Approval of ‘New High-Water Mark’ $350M Settlement

A memorandum filed on Tuesday asked the Western District of Missouri court overseeing the multidistrict litigation to grant final approval to the...

Cannabis

False Ad Class Action Scorches Fireball Maker

Damien Patterson filed a class-action complaint against the Sazerac Company, Inc for false advertising. He argues that Fireball Cinnamon Whiskey and Fireball...

Chipotle Receives Telemarketing Complaint After Spamming Customers with Offers

Last week , a class action lawsuit was filed against restaurant chain Chipotle in the Central District of California. The lawsuit, brought...

AGs Tell EPA Leaded Aviation Fuel Harms Humans and Environment

A coalition of attorneys general from 12 states, including New York, California, and the District of Columbia, wrote a letter to the...

Environment

AGs Tell EPA Leaded Aviation Fuel Harms Humans and Environment

A coalition of attorneys general from 12 states, including New York, California, and the District of Columbia, wrote a letter to the...

Sotera Health Announces $408M Resolution of Ethylene Oxide Suits

Sotera Health Company has announced a $408 million settlement with plaintiffs alleging damages due to an accused ethylene oxide leak. This comes...

Evian Maker Sued Over Carbon Neutral Claims

A California woman who purchased defendant Danone Waters of America’s Evian Natural Spring Water product is suing the company for representing that...