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Legal

ABBV

BGNE

AbbVie's Pharmacyclics has alleged that BeiGene's blood cancer drug Brukinsa infringes on its Imbruvica patent. The claim was reported late Wednesday.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:24 pm

IMAB

TCON

TRACON Pharmaceuticals (TCON) has initiated court proceedings in Hong Kong and the Cayman Islands to enforce an April 2023 arbitration award against I-Mab (IMAB) for approximately $23 million plus interest.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:08 pm

GOOGL

Google has agreed to pay $23 million to affected users in a 2010 lawsuit alleging that the company had shared search terms with advertisers and third parties without their consent. Each eligible user is estimated to receive $7.7 if their claim is approved.

Portfolio Pulse from Rounak Jain

June 15, 2023 | 12:02 pm

ABBV

CHRS

Coherus Biosciences received a notice from AbbVie alleging a breach of their settlement and license agreement on June 6. Coherus denied the allegation on June 11, and both parties entered into a stipulation on June 14, resolving Coherus's motion for a temporary restraining order against AbbVie.

Portfolio Pulse from Charles Gross

June 15, 2023 | 10:36 am

SONY

TWTR

UMGNF

Twitter faces a $250 million lawsuit filed by the National Music Publishers' Association (NMPA), accusing the platform of copyright infringement. The NMPA represents music companies such as Sony Music and Universal Music Publishing Group, and claims Twitter has been using their music without proper permission or licensing fees.

Portfolio Pulse from Ananya Gairola

June 15, 2023 | 4:00 am

BMY

STRO

Sutro Biopharma (STRO) received a notice of termination from Celgene Corporation, a Bristol Myers Squibb (BMY) company, for their collaboration and license agreement dated August 2, 2017, effective October 7, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:38 pm

ATVI

MSFT

Microsoft and Activision have requested a U.S. judge to expedite the FTC challenge and seek a speedy case management conference, according to a court filing.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:13 pm

BNBUSD

A US federal judge has ordered Binance, Binance.US, and the SEC to participate in a mediation conference to negotiate operational restrictions during the ongoing regulatory lawsuit. The SEC accuses Binance and Binance.US of selling unregistered securities, violating US laws, and sought a temporary restraining order on Binance.US's assets.

Portfolio Pulse from Murtuza Merchant

June 14, 2023 | 7:07 pm

ILMN

Illumina's acquisition of Grail gains support from GOP lawmakers, state attorneys general, and advocacy groups despite FTC resistance. They filed 14 amicus briefs urging the U.S. 5th Circuit Court of Appeals to reverse the FTC's order, arguing that the FTC exceeded its authority and highlighting the value of Grail's early cancer screening test.

Portfolio Pulse from Vandana Singh

June 14, 2023 | 4:15 pm

MAXN

Maxeon Solar Technologies' unit, Maxeon Solar PTE, has filed a patent infringement lawsuit against Tongwei Solar Co., Ltd.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:53 pm