Thrower v. Academy Mortgage Corp. - Attorneys' Fees Enhancement

The Ninth Circuit reversed the Northern District of California's award of attorneys' fees with a 1.75 multiplier in a qui tam False Claims Act action against Academy Mortgage Corp. The panel held that district courts abuse their discretion by awarding fee enhancements above the lodestar calculation except in rare and exceptional cases supported by specific evidence that the lodestar is unreasonably low.

Fresenius Medical Care Orange County, LLC v. Bonta - First Amendment Challenge to California AB 290

The 9th Circuit affirmed in part and reversed in part the district court's summary judgment in Fresenius Medical Care Orange County, LLC v. Bonta, Nos. 24-3654 and 24-3700. The panel held that California's Assembly Bill 290 provisions—the Reimbursement Cap and Patient Disclosure Requirement—violate the First Amendment rights of dialysis providers and the American Kidney Fund. The Reimbursement Cap was found not narrowly tailored to California's interest in preventing insurance risk pool distortion, and the Patient Disclosure Requirement fell with it since California's defense depended solely on the invalid Reimbursement Cap.

Fresenius Medical Care Orange County LLC v. Bonta - First Amendment Challenge to California AB 290

The Ninth Circuit affirmed in part and reversed in part the district court's summary judgment in a First Amendment challenge to California Assembly Bill 290 (AB 290), which regulates dialysis providers' relationships with nonprofit health insurance premium assistance charities. The court held that the Reimbursement Cap and Patient Disclosure Requirement provisions are unconstitutional under the First Amendment because they burden the association rights of dialysis providers and the American Kidney Fund without being narrowly tailored to California's asserted government interest in preventing insurance risk pool distortion.

Fresenius Med. Care Orange County, LLC v. Bonta - First Amendment Challenge to California AB 290 Dialysis Reimbursement Limits

The Ninth Circuit partially affirmed and partially reversed the district court's summary judgment in consolidated appeals challenging California Assembly Bill 290 (AB 290), which regulates dialysis providers' relationships with nonprofit health insurance premium assistance charities. The court held that the Reimbursement Cap and Patient Disclosure Requirement violate the First Amendment rights of dialysis providers and the American Kidney Fund, finding California's asserted interest in preventing insurance risk pool distortion does not save provisions that are not narrowly tailored.

In re Google LLC - Mandamus Granting Venue Transfer to Northern District of California

The Fifth Circuit granted Google LLC's petition for writ of mandamus, reversing the Eastern District of Texas's denial of venue transfer under 28 U.S.C. § 1404(a). The appellate court held that the district court misapplied the law in balancing transfer factors, finding most witnesses and sources of proof were located in California. The court directed transfer of Branch Metrics' Sherman Act antitrust suit against Google to the Northern District of California.

Asset Purchase Agreement - Supernus Acquires Navitor Pharmaceutical Assets

Supernus Pharmaceuticals, Inc. filed an SEC Form 8-K exhibit disclosing an Asset Purchase Agreement to acquire certain pharmaceutical compound assets from Navitor Pharmaceuticals, Inc. and Navitor Pharmaceuticals, LLC. The transaction, effective April 1, 2026, involves the purchase of intellectual property related to a CNS compound that Supernus has been developing in partnership with Navitor since 2020. The deal supersedes a prior Development and Option Agreement and Binding Memorandum of Understanding between the parties.

Executive Leadership Transition: Totzke Departure and Luthra Promotion

Mattel, Inc. announced that Steve Totzke, President and Chief Commercial Officer, will step down effective May 1, 2026, after 30 years with the company. Sanjay Luthra, previously Executive Vice President and Managing Director of EMEA and Global Direct-to-Consumer, has been promoted to succeed Totzke as Chief Commercial Officer. Totzke will serve as Executive Advisor through December 31, 2026, to facilitate transition.

First Amendment to Offer Letter - Severance Eligibility Terms

Azenta, Inc. filed a First Amendment to Offer Letter for employee Olga Pirogova, adding Section 5 detailing severance eligibility provisions. The amendment specifies termination scenarios including voluntary departure, termination for cause, termination without cause, and termination following a Change in Control, along with corresponding compensation and benefits. The amendment also includes Section 409A tax compliance provisions.

CFTC FAQs, Guidance, MOUs, and No-Action Relief: Enforcement Priorities and Prediction Markets

Kelley Drye & Warren's Financial Services Group summarizes recent CFTC actions under new Chair Mike Selig and Enforcement Director David Miller from February–March 2026, covering FAQs, staff guidance, MOUs, and no-action relief affecting U.S. derivatives market participants. The CFTC reaffirmed its exclusive jurisdiction over prediction markets and outlined enforcement priorities targeting insider trading and market manipulation in event contracts traded on platforms like KalshiEX.

DOL fiduciary rule, Supreme Court Intel case, reshape 401(k) alternatives

JD Supra published analysis on a proposed Department of Labor rule and pending Supreme Court case that could reshape fiduciary standards for alternative investments in 401(k) plans. The DOL proposal would establish a safe harbor for offering alternatives by focusing on process-based compliance over investment outcomes, while the Supreme Court's review of Andersson v. Intel Corp. could clarify proof standards for fiduciary liability.