Less than 1: PM Edition, August 14

This evening on Less than 1: Meta faces a major test in the states' social media addiction trial, O'Melveny helps five schools settle Mountain West-Pac-12 litigation, and Intuitive Surgical's rival wins a new trial on monopoly claims. Also: officials seek guarantees for LA businesses ahead of the 2028 Olympics, Luigi Mangione admits killing an insurance CEO and pleads guilty in federal case, and regulators and banks step up scrutiny of prediction markets.

Stories mentioned in this episode:

Meta faces major test in states' social media addiction trial
https://www.dailyjournal.com/articles/393681-meta-faces-major-test-in-states-social-media-addiction-trial

O'Melveny helps 5 schools settle Mountain West-Pac-12 litigation
https://www.dailyjournal.com/articles/393683-o-melveny-helps-5-schools-settle-mountain-west-pac-12-litigation

Intuitive Surgical rival wins new trial on monopoly claims
https://www.dailyjournal.com/articles/393679-intuitive-surgical-rival-wins-new-trial-on-monopoly-claims

(LAist) Officials seek guarantees for LA businesses
https://laist.com/brief/news/politics/la-city-council-president-seeks-guarantee-that-la-businesses-will-get-a-piece-of-the-olympics-pie

(Reuters) Luigi Mangione admits killing insurance CEO, pleads guilty in federal case
https://www.reuters.com/legal/government/luigi-mangione-accused-insurance-ceo-killer-due-court-amid-plea-deal-reports-2026-08-14/

(CNBC) Regulators and banks step up scrutiny of prediction markets
https://www.cnbc.com/2026/08/14/prediction-markets-scrutiny-mounts-from-regulators-and-banks.html