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Dierberg Entities Seek FB Corporation Bank Control Under Change in Bank Control Act

The Federal Reserve published a notice of applications under the Change in Bank Control Act (12 U.S.C. 1817(j)) and 12 CFR 225.41. The Dierberg Milne Foundation, Ellen D. Milne, the Dierberg Family Foundation, and Michael J. and JiaMin L. Dierberg seek to join the Dierberg Family Control Group to acquire voting shares of FB Corporation, indirectly acquiring voting shares of The San Francisco Company and First Bank, all based in Creve Coeur, Missouri. The public may submit comments on the applications through the Federal Reserve Bank of St. Louis or the Board of Governors by May 6, 2026.

Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

The Federal Reserve published a notice inviting public comments on applications under the Change in Bank Control Act. The Dierberg Milne Foundation and Dierberg Family Foundation seek to join the Dierberg Family Control Group to acquire voting shares of FB Corporation, which would indirectly acquire voting shares of The San Francisco Company and First Bank in Missouri. Comments are due by May 6, 2026.

FAA Proposes Superseding Airworthiness Directive for Various Helicopters

The FAA proposes to supersede Airworthiness Directive (AD) 2015-20-12, which applies to Sikorsky, Croman Corporation, Carson Helicopters, Robinson Air Crane, Glacier Helicopter, and Siller Helicopters Model helicopters with certain main rotor shaft (MRS) part numbers installed. The proposed AD would retain existing requirements while also establishing retirement lives for each REL MRS, reducing life limits based on a design re-evaluation, and requiring removal of any MRS with oversized dowel pin bores.

BCI Brookfield NBIM Mustang Renewable Infrastructure JV Cleared

The European Commission cleared the proposed joint venture between British Columbia Investment Management Corporation, Brookfield Asset Management, and NBIM Renewable Infra North America AS, forming Mustang AIV LP to hold US solar and wind renewable energy assets. The Commission determined the operation falls within the scope of Council Regulation (EC) No 139/2004 and, under the simplified treatment procedure, decided not to oppose the operation, declaring it compatible with the internal market and the EEA Agreement.

Key Tronic Corporation Cease-and-Desist Order - Inventory Misconduct

The SEC instituted cease-and-desist proceedings against Key Tronic Corporation, CFO Brett R. Larsen, and Senior VP of U.S. Operations Nicholas S. Fasciana for improper expense management at the company's Oakdale, Minnesota manufacturing facility. From approximately July to December 2020, employees generated false entries in the inventory system that falsely indicated inventory was undergoing manufacturing, which inflated inventory value, decreased manufacturing expenses, and improperly increased reported income. Fasciana was aware of and directed portions of this misconduct. The company discovered the scheme via an internal complaint hours before releasing quarterly earnings in January 2021, investigated immediately, and recorded nearly $1 million in corrections. The SEC found violations of Section 21C of the Securities Exchange Act of 1934.

Infant and Cradle Swings Safety Standard Update Incorporating ASTM F2088-25

The U.S. Consumer Product Safety Commission (CPSC) has published a direct final rule updating the mandatory consumer product safety standard for infant and cradle swings. The rule incorporates by reference ASTM F2088-25, the 2025 revision of the voluntary standard ASTM F2088-24, which is currently the mandatory standard under 16 CFR part 1223. The rule is effective July 25, 2026, unless CPSC receives a significant adverse comment by May 20, 2026.

Celgene Corp Combination Therapy Patent US12605372B2 Granted

The USPTO granted Patent US12605372B2 to Celgene Corporation on April 21, 2026. The patent covers methods of treating cancers by administering Compound A in combination with daratumumab, or Compound A with daratumumab and dexamethasone. The patent contains 19 claims and derives from Application No. 17983762, filed November 9, 2022.

Medical Apparatus and Method for Operating Medical Apparatus

USPTO granted Patent US12605055B2 to FUJIFILM Corporation on April 21, 2026. The patent covers a medical apparatus that illuminates a subject and captures images of reflected light for examination purposes, including a light source, light receiving section, and image control processor.

Edwards Lifesciences Heart Valve Repair Patent Granted

USPTO granted patent US12605248B2 to Edwards Lifesciences Corporation on April 21, 2026. The patent covers valve repair systems and leaflet clip devices for reducing regurgitation through native heart valves, including a delivery apparatus and clipping member that transforms from a delivery configuration to an implantation configuration via tensioning members. The patent names Lauren R. Freschauf and Ralph Schneider as inventors.

Olympus Endoscope Suction Channel Design Patent Granted

The USPTO granted Olympus Corporation Patent US12605054B2 for an endoscope with a suction channel featuring a variable-diameter design. The suction channel includes a main body and a small-diameter distal portion satisfying the relational expression R1/R2>1.27, where R1 is the inner diameter of the channel main body and R2 is the inner diameter of the small-diameter channel portion. The patent contains 10 claims and covers technology for suctioning liquid along with crushed calculi during endoscopic procedures.

Combined Notice of Filings #1 - Electric Rate Filings

FERC published a combined notice of filings listing 19 electric rate filings received in mid-April 2026. Filings include Section 205(d) rate schedule submissions, tariff amendments, compliance filings, and an initial market-based rate authority application by Hanwha Energy USA Holdings Corporation. Comment deadlines fall in early May 2026.

FDIC Seeks Comment on Bank Info Collection Renewal

The FDIC, under the Paperwork Renewal Act of 1995, seeks public comment on the renewal of two existing information collections (OMB Control Nos. 3064-0029 and 3064-0177). Collection 1 covers Notification of Performance of Bank Services (Form 6120/06) for insured state nonmember banks and state savings associations. Collection 2 covers securitization disclosures required under 12 CFR 360.6 for insured depository institutions. Estimated annual burden hours total 313 and 7,008 respectively. Comment deadline is June 22, 2026.

FDIC Requests Comment on PRA Renewal of Bank Services Notification and Securitization Disclosure Collections

The FDIC invites public comment on the renewal of two existing information collections under the Paperwork Reduction Act: OMB Control No. 3064-0029 covering bank service company notifications (Form 6120/06, 313 annual burden hours) and OMB Control No. 3064-0177 covering securitization disclosure requirements for assets transferred in connection with securitizations or participations after September 30, 2010 (7,008 annual burden hours). Neither collection involves changes to substance or methodology. Comments are due June 22, 2026.

Daesang Corporation L-Glutamic Acid Producing Corynebacterium Mutant Patent

The USPTO granted Patent US12600939B2 to Daesang Corporation on April 14, 2026, covering a mutant Corynebacterium glutamicum strain with enhanced L-glutamic acid productivity. The mutant strain incorporates a mechanosensitive ion channel gene derived from Corynebacterium sp., improving glutamic acid release and yield. The patent includes 3 claims and names Young Ju Lee, Bong Ki Kim, Min Jin Choi, Seok Hyun Park, and Jae Chun Han as inventors.

Olympus Thunderbeat II TB2-0545FC Recall, Class II, 490 Units

Olympus Corporation of the Americas initiated a Class II recall of its Thunderbeat II Shears w/Ultrasonic Mode (Model TB2-0545FC) on March 23, 2026. The recall covers 490 units distributed internationally to Australia, Japan, Hong Kong, and Europe. FDA determined the cause as device design, with a potential for detachment of the distal tip component during surgical use.

Olympus Thunderbeat II Shears Class II Recall - Potential Tip Detachment

Olympus Corporation of the Americas initiated a Class II medical device recall for its Thunderbeat II Shears with Ultrasonic Mode (Model TB2-0525FC) on March 23, 2026, after identifying a potential for detachment of the distal tip component during use. The FDA determined the root cause is a device design issue. Consignees have been instructed to immediately cease use, quarantine affected inventory, and return all units. A total of 365 units were distributed internationally to Australia, Japan, Hong Kong, and Europe.

Olympus Thunderbeat II Surgical Shears Recall - Tip Detachment Risk

Olympus Corporation of the Americas is recalling the Thunderbeat II Shears with Ultrasonic Mode (Model TB2-0520FC) due to potential detachment of a distal tip component during surgical use. The recall affects 830 units distributed internationally to Australia, Japan, Hong Kong, and Europe. The FDA determined the cause to be a device design issue, and consignees were notified via email on March 23, 2026 to cease use, quarantine affected inventory, and arrange for product return.

Emerja Corporation Consent Order for Late Securities Exemption Filing Violations

The Arkansas Securities Commissioner issued a Consent Order against Emerja Corporation for late securities exemption filing violations pursuant to Ark. Code Ann. § 23-42-504(a)(13) and Rule 23 CAR § 300-504(b)(1)(M)(ii)(n). The consent order document reference is S-26-0020-26-OR01. The Clyde N. Davis III limited agent registration order was simultaneously removed from the orders page.

Olympus Thunderbeat II Shears w/Ultrasonic Mode, 5mm, 35cm - Class II Recall, Z-1853-2026

Olympus Corporation of the Americas initiated a Class II medical device recall on March 23, 2026, affecting 3,360 units of the Thunderbeat II Shears w/Ultrasonic Mode (Model TB2-0535FC). The recall was posted by the FDA on April 17, 2026. The FDA determined the cause of the recall is a device design defect that may cause detachment of the distal tip component during surgical use.

CFTC Exemptive Relief for Cross-Margining CME FICC Customer Positions

The CFTC issued an order providing exemptive relief from the Commodity Exchange Act and Commission regulations related to segregation and protection of futures customer funds. The order permits dually registered broker-dealer/futures commission merchants (BD-FCMs) that are joint clearing members of the Chicago Mercantile Exchange and the Fixed Income Clearing Corporation to hold futures customer funds in a commingled customer account at FICC.

Mcardle v. Antero Affirmed in Part, Vacated in Part, and Remanded

The Fourth Circuit affirmed the District Court for the Northern District of West Virginia's summary judgment for defendants Antero Resources Corporation, Key Oil Company, and Franklin L. Butler on Count II of plaintiff McArdle Family Partnership's breach of contract claim concerning oil and gas royalty interests. The court agreed that a May 30, 1996 assignment from James Drilling Corporation and the Shearers to Key Oil was a clear, broad conveyance of all their interests in the relevant leases, with no exceptions or reservations, and therefore James Drilling Corporation conveyed no royalty interests to MFP in 2008. The case was affirmed in part, vacated in part, and remanded.

BBCL Opposition, British Broadcasting Corp vs Fans First

The British Broadcasting Corporation filed TTAB Opposition No. 91306729 against Fans First Entertainment, LLC, seeking to prevent registration of the trademark BBCL. The opposition was filed and accepted with the required fee on April 20, 2026. This proceeding initiates a formal challenge before the USPTO Trademark Trial and Appeal Board to block the defendant's mark from proceeding to registration.

Radio Frequency Surgical Instrument - US12605219B2

USPTO granted US Patent 12,605,219 B2 to Kaneka Corporation for a radio frequency surgical instrument. The invention includes a tubular body, a metal wire with exposed and interior portions, and a fixture with a tapered first segment having variable radial cross-sections. The patent contains 19 claims and was filed on January 19, 2021 under application number 17800832.

FDIC Provides Supervisory Relief for Washington Banks After Storms

The FDIC has announced supervisory relief measures for FDIC-supervised financial institutions in areas of Washington affected by Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides. The relief is intended to help institutions recover and to provide regulatory flexibility. Affected banks are directed to review the FDIC's Disaster Page for information on available relief.

Bakken Pipeline Company LP Authorized for Cross-Border Crude Oil Pipeline Operations at US-Canada Border

The Executive Office of the President has issued Presidential Permit dated April 15, 2026, authorizing Bakken Pipeline Company LP to operate and maintain existing pipeline border facilities at Burke County, North Dakota, near Portal, for the transport of crude oil and petroleum products between the United States and Canada. The permittee is a Delaware limited partnership and subsidiary of Enbridge Inc., a Canadian corporation. This permit supersedes and revokes the prior Presidential permit issued April 8, 1996.

Temporally Amortized Supersampling in Graphics Processing

Intel Corporation filed patent application US20260099895A1 with the USPTO for temporally amortized supersampling in graphics processing. The invention covers a GPU-implemented neural network for spatiotemporal upscaling filter kernel prediction, including an input processing stage, neural network stage, and output filtering stage. Inventors are Dmitry Kozlov, Andreas Weinmann, and Mikhail Petrushkov, with filing date October 9, 2024.

Australian LinkedIn Pty Ltd v Registrar of Trade Marks

The Federal Court of Australia dismissed paragraph 3 of an interlocutory application by Australian LinkedIn Pty Ltd seeking leave to represent itself without a lawyer in proceedings against the Registrar of Trade Marks. The court found the company failed to provide sufficient evidence of its financial capacity to fund proceedings and that the proceedings would be complicated without legal assistance. The underlying dispute concerned the rejection of a trade mark application for various LinkedIn-related names under the Trade Marks Act 1995.

Tamburini v. Citizens Property Insurance Corp. - Affirmed

The Fifth District Court of Appeal of Florida affirmed the trial court's judgment in Norma Tamburini v. Citizens Property Insurance Corporation. The appellate court, with justices Wallis, Edwards, and Maciver concurring, upheld the lower court's ruling. Citizens Property Insurance was represented by attorneys from Traub Lieberman Straus & Shrewsberry LLP.

Emerja Corporation Late Exemption Filing Settlement

The Arkansas Securities Commissioner issued a Consent Order settling Case No. S-26-0020 against Emerja Corporation for selling securities in Arkansas without timely filing an exemption notice. Emerja sold 6,824 shares of Series C-3 Preferred Stock totaling $99,985.25 to an Arkansas resident but failed to file its exemption filing within 15 days of the first sale as required by Ark. Code Ann. § 23-42-504(a)(13) and 23 CAR §300-504(b)(1)(M)(ii)(n). Emerja was ordered to pay a fine of $500.00.

Basel III Endgame Reproposal: Securitization Framework Analysis

Cadwalader, Wickersham & Taft LLP published an analysis of the March 19, 2026 joint reproposal by the Board of Governors of the Federal Reserve System (FRB), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) regarding substantial revisions to the risk-based capital framework for U.S. banking organizations, with specific focus on the securitization framework.

IBM Pays $17M for Discriminatory DEI Practices

International Business Machines Corporation (IBM) agreed to pay $17,077,043 to resolve DOJ allegations that it violated the False Claims Act by failing to comply with anti-discrimination requirements in its federal contracts. The government alleged that IBM discriminated against employees and applicants based on race, color, national origin, or sex through tying bonus compensation to demographic targets, altering interview criteria through diverse interview slates, setting demographic goals for business units, and restricting access to certain training programs based on protected characteristics.

Stability Testing Medicated Premixes Draft Guidance (VICH GL8(R))

FDA's Center for Veterinary Medicine has published draft guidance CVM GFI 91 (VICH GL8(R)) on stability testing of medicated premixes, intended as an annex to the parent VICH GL3 guidance. The draft addresses stability data requirements for veterinary medicinal premix products containing new molecular entities, intended for oral administration via incorporation into animal feed. The guidance is open for public comment.

Turner v. Lam Research: $25M Stock Claim Barred by Laches in Delaware

The Delaware Court of Chancery dismissed all claims by Gary Turner against Lam Research Corporation, barring his assertion to 2,375 shares of common stock (worth approximately $25 million after stock splits) under the doctrine of laches. The court held that Turner was on 'inquiry notice' of his claim as early as 1989 when the shares were marked 'lost' during a merger, because he never received stockholder communications or dividends despite owning shares in a public company. The decision reinforces that Delaware courts will enforce stockholder rights only for those who exercise reasonable diligence in monitoring and enforcing them.

Ferris v. Federal Express Corporation - Employment Civil Rights

A civil employment discrimination case was filed in the Northern District of California on April 20, 2026. Federal Express Corporation removed the case from Placer County Superior Court, citing diversity jurisdiction. The plaintiff Ferris alleges civil rights violations related to employment. The defendant filed a civil cover sheet and certificate of interested entities identifying FedEx Corporation as the corporate parent.

OCC, FDIC Ban Reputation Risk in Bank Supervision

The OCC and FDIC jointly finalized a rule prohibiting the use of reputation risk as a basis for bank supervision criticisms, adverse actions, or pressure on customer relationships. The rule takes effect June 9, 2026, and bars agencies from requiring banks to close accounts or terminate business relationships based on reputational concerns. All existing safety and soundness, BSA/AML, OFAC, and consumer protection obligations on supervised institutions remain in force.

Bermuda Delegation Concludes Seatrade Cruise Global 2026 Participation

Bermuda's delegation, led by Minister of Tourism & Transport Owen K. Darrell, attended Seatrade Cruise Global 2026 in Miami from April 13-15. The delegation held meetings with executives from Norwegian Cruise Line, Royal Caribbean Group, Carnival Corporation, Disney Cruise Line, Explora Journeys, the Port of Baltimore, NYC/EDC, and the Taiwan Tourism Administration to advance Bermuda's cruise tourism strategy. Bermuda reported 191 cruise calls for the 2026 season and 210 scheduled calls for 2027.

IBM AI Patent, Real-Time Air Temperature Forecasting

The USPTO granted US Patent 12,607,771B2 to International Business Machines Corporation on April 21, 2026. The patent covers a system and method for dynamically forecasting high spatial resolution air temperature in real-time using multiple data sources, generative adversarial networks for spatial downscaling, and physics-informed neural networks with extended Kalman filters for temporal forecasting. The patent contains 19 claims.

SEC Reduces Tender Offer Minimum to 10 Business Days

The SEC Division of Corporation Finance issued an exemptive order on April 16, 2026, permitting certain tender offers for equity securities to remain open for a minimum of 10 business days instead of the 20 business days ordinarily required under Rules 13e-4(f)(1) and 14e-1(a) of the Securities Exchange Act of 1934. The relief applies to three categories of tender offers: third-party offers for reporting companies under Regulation 14D, issuer self-tenders for reporting companies, and issuer self-tenders for non-reporting companies.

SEC Permits Accelerated Offering Period for Certain Tender Offers

The SEC Division of Corporation Finance issued an Exemptive Order on April 16, 2026, permitting eligible equity tender offers to use a minimum 10-business-day offering period instead of the traditional 20-business-day minimum. Eligible transactions include all-cash acquisitions of reporting companies structured as tender offers pursuant to negotiated acquisition agreements and self-tenders subject to Rule 13e-4. The order imposes procedural requirements including deadlines for Schedule 14D-9 filings and press release announcements for material changes.

Extension of Time for Section 336(e) Election, S Corporation Stock Disposition

The IRS granted an extension of time under Section 301.9100-3 to an S Corporation and related parties to make a Section 336(e) election following a failed timely election. The extension allows 75 days from the letter date to file the Section 336(e) Agreement and Election Statement, and 150 days to file or amend returns to reflect the election. The relief is conditioned on aggregate tax liabilities not being lower than if the election had been timely filed.