Insights

On May 18, a federal jury in Massachusetts returned a $885 million verdict against Takeda Pharmaceuticals, finding that Takeda entered into an anticompetitive patent settlement that compensated a generic manufacturer to delay launching a generic version of its IBS drug, Amitiza® (lubiprostone). In re Amitiza Antitrust Litigation, No. 1:21-cv-11057 (D. Mass.). The suit consolidated complaints filed by a class of direct purchasers (wholesalers), five individual retailers (pharmacy chains), and a class of indirect purchasers (end payors). The outcome is significant because it is the first jury trial win for private antitrust plaintiffs in a suit challenging a patent settlement reverse payment. Previous suits have either settled or gone to trial and lost. For Brand and Generic pharmaceutical manufacturers, this may lead to further scrutiny of past settlements.

In this episode of the TMA Chicago/Midwest (TMA) Podcast, Katten Restructuring Partner and host Paul Musser sat down with Harold Israel and Jack O'Connor, who are both partners in the Financial Services and Restructuring group at Levenfeld Pearlstein, LLC (LP), and both served as past presidents of the TMA Chicago/Midwest chapter. Our guests discussed their journeys into restructuring, the spectrum of options available to distressed middle-market companies, and their insights on business development and the benefits of becoming involved in TMA.

Kattison Avenue examines the latest topics in advertising law affecting today's advertisers, advertising and promotions agencies, technology developers, content producers and entertainment companies.

On May 20, Los Angeles Litigation Partner and Deputy General Counsel David Halberstadter was named to The Daily Journal's 2026 list of Top IP Lawyers. The annual list honors California's leading lawyers in the patent litigation, trademark and copyright fields. David has received this accolade consecutively each year since 2018 and is being recognized for the approximately 40 years he has devoted to intellectual property litigation, concentrated in copyright and trademark matters.

On April 13, Senate Finance Committee Ranking Member Ron Wyden (D-Or.) introduced the Protecting Proper Life Insurance from Abuse Act (S. 4279). The bill is substantively identical to a discussion draft circulated in December 2024 following the Committee's 18-month investigation of private placement life insurance. If enacted in its present form — an outcome that appears unlikely at this stage — S. 4279 would add a new § 7702C to the Internal Revenue Code that, for any contract meeting its definition of an "applicable private placement contract," would deny insurance and annuity treatment for federal income tax purposes, eliminating tax-deferred inside buildup, the § 101(a) death-benefit exclusion and the ordinary-course annuity tax rules of § 72.

UPDATE On May 7, 2026, just a few days before the original deadline for compliance, the US Department of Health and Human Services (HHS) Office for Civil Rights' announced a one-year extension for dates of compliance with its mobile application and web content accessibility requirements under Section 504 of the Rehabilitation Act of 1973. The updated compliance deadlines are: May 11, 2027, for recipients of HHS funding with 15 or more employees, and May 10, 2028, for recipients with fewer than 15 employees.

Katten represented Mylan Pharmaceuticals Inc. in winning a judgment against Actelion Pharmaceuticals Ltd. in significant patent litigation over its epoprostenol formulation patents.

(NEW YORK) Katten announced today that the firm's Private Wealth practice received a Magic Circle Award from Citywealth in the category of Law Firm of the Year – USA.

D Magazine's Best Lawyers 2026 list recognizes eight Katten partners across several practice areas, highlighting the firm's deepening bench across a broad range of practices in North Texas.

Katten Chair Gil Soffer published a commentary in Crain's Chicago Business discussing the firm's longstanding partnership with the Goodman Theatre and the important role that corporate-community collaborations play in sustaining the arts.

A Katten team led by Sports and Sports Facilities Partner and Co-Chair Adam Klein and Partner Josh Lewis counseled Penner Sports Group, the family entity of Greg and Carrie Penner, on its investment in the Colorado Rockies of Major League Baseball.