• Pharmaceutical giant Pfizer has reportedly cut its global panel of advisory law firms by 25 percent. (The Lawyer)
• The revelation that PayPal co-founder Peter Thiel helped bankroll the successful lawsuit of Terry Bollea, better known as wrestling superstar Hulk Hogan, against Gawker Media LLC stirs up questions about the controversial litigation-finance industry and the future of “ revenge lawsuits.” (Big Law Business/Bloomberg News)
• Eleven states are suing the Obama administration over its directive to U.S. public schools to allow transgender students to use the bathrooms and locker rooms that match their gender identity. (Bloomberg News ) ...
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