🧩 Judge: TikTok misled users about content removal
PLUS: Miro sellers reinvesting, a 15-year PFAS payout, Greenberg Traurig's client files on the dark web...
September 11, 2026
Lookzy: all your daily legal news in 0.1 billable hours. Plain English coverage of deals, litigation and legal trends trusted by lawyers at Cravath, Latham, Skadden, Gunderson and elsewhere.
Welcome to Lookzy. In today's Lookzy:
TikTok loses ruling over misleading content-removal promises
Miro sellers buying shares in the buyer
Nasdaq’s tokenization investment
Greenberg Traurig notifies affected clients
THE VERDICT
Arguing today's litigation news
TikTok’s misleading promises. TikTok promised to remove prohibited content, but internal instructions told moderators to leave some of it available and make it harder to find. Texas Judge Cory Liu found those promises misleading and granted the state partial summary judgment under the Texas Deceptive Trade Practices Act. He also found that TikTok misled users about Restricted Mode, its content-filtering feature, because it failed to filter material as promised. Penalties and other remedies will be decided at trial.
Dompé tells on itself. Dompé U.S. agreed to pay $32 million plus interest to settle False Claims Act allegations after its Italian parent voluntarily disclosed the company's patient-assistance arrangements. DOJ alleged kickbacks through two foundations covering Medicare co-pays for Oxervate; Dompé admitted specified underlying conduct, without a determination of liability. The companies earned cooperation credit for handing over foreign evidence and making witnesses abroad available.
Fifteen years to pay. Chemours, DuPont and Corteva agreed to pay $455 million over 15 years to settle PFAS claims by North Carolina and 11 local entities excluded from the 2024 public-water-system class settlement. Chemours will pay half, with DuPont and Corteva sharing the rest.
THE DEAL
Wheelin' and dealin' today's corporate news
Copart's antitrust fee. Copart agreed to buy ACV for $10.50 a share in cash through a tender offer followed by a merger, with no financing condition. Copart could owe $115.3 million if specified antitrust failures end the deal; ACV's $57.7 million termination fee applies under triggers including accepting a superior proposal. Wilson Sonsini is repping Copart, with Davis Polk for ACV.
Buying into the buyer. Some Miro sellers have agreed to use $295 million of their sale proceeds to buy newly issued shares in Bending Spoons. The reinvestment is separate from Bending Spoons' agreed all-cash acquisition of Miro, which values Miro's equity at about $1.79 billion including net cash.
Nasdaq backs Kraken's parent. Nasdaq Ventures agreed to invest $100 million in Payward, Kraken's parent, which will adopt Nasdaq's market-surveillance tools across its trading venues. Their tokenized-equities project, Nasdaq Equity Tokens, is expected to launch in the second quarter of 2027.
BOILERPLATE
Stein heads to Freshfields. Weil white-collar co-chair Daniel Stein is joining Freshfields in New York to co-lead its global investigations practice.
Client files surfaced. Greenberg Traurig told Reuters an unauthorized actor accessed a limited set of documents and posted them on the dark web. The firm said it had notified a small number of affected clients and that its systems weren't compromised.
Alright, back to billing. That's all, folks!
