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M&A in the media industry is about to pick up. Recently, the U.S. Supreme Court upheld the U.S. Federal Communications Commission’s (FCC) 2017 rollback of media ownership limits. Media companies that once avoided specific acquisitions due to regulatory ownership limits may now take a second look. But passing through FCC review is only part of the equation, with the U.S. Department of Justice Antitrust Division (DOJ) and many State Attorneys General frequently taking a hard look at deals in this sector. The Supreme Court’s decision affirming the FCC’s relaxation of its ownership limits means that antitrust scrutiny may now play a larger role in the clearance of media mergers as media companies look to make acquisitions past the FCC’s prior limits.
Building-code compliance startup UpCodes gets $3.36M in pre-Series A funding
UpCodes, a startup that develops building-code compliance tools, announced today it has raised $3.36 million in pre-Series A funding. This brings its total raised so far to $4.15 million. The new funding was led by Berlin-based Point Nine Capital, which focuses on SaaS and online marketplaces.
The company also recently won a legal victory when United States District Court Judge Victor Marrero granted UpCodes its motion to dismiss a false advertising and unfair competition lawsuit filed against it by the International Code Council (ICC). An earlier copyright lawsuit filed by the ICC against UpCodes is still ongoing, but UpCodes won a major decision in the case last year when Judge Marrero ruled that its posting of building codes is covered by public domain and fair use.
Jacob Wohl and Jack Burkman wanted to delay a civil suit against their robocalls targeting Black voters until their criminal cases were over. A federal judge rejected that on Monday. The post Judge Refuses to Let Jacob Wohl Delay His Civil Case Until His Criminal Prosecutions Are Over first appeared on Law & Crime.
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Nabriva Gets Initial Nod For $3M Investor Settlement
Law360 (January 29, 2021, 2:07 PM EST) A Manhattan federal judge gave an initial nod to a $3 million settlement that would end investor claims that biopharmaceutical company Nabriva Therapeutics PLC and four of its executives misrepresented the company s prospects for getting federal approval for a new antibiotic.
In the Thursday order, U.S. District Judge Victor Marrero granted preliminary approval to a settlement deal, finding that the proposed settlement is sufficiently fair, reasonable, and adequate, and that there is sufficient likelihood he ll be able to grant final approval after members of the settlement class have been notified of the pending agreement.