Legal Archives - Page 2 of 258

2 minute read

Teva Engages In Settlement Talks Over Medicare Kickback Allegations

June 18, 2:24 PM

Teva Pharmaceutical is negotiating with the DOJ to settle a lawsuit alleging it paid kickbacks through charities to boost Copaxone sales, risking up to $10 billion in damages.

TEVA

2 minute read

Virgin Orbit Fake Offer: SEC Sues Texas Man For $20M Bid

By Vandana Singh

June 18, 2:04 PM

The SEC has sued Matthew Brown for an alleged $200 million fraudulent offer to rescue Virgin Orbit, accusing him of fabricating credentials and a bank statement. Virgin Orbit terminated discussions due to credibility issues.

SPCE

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Legal
News

“Amazon Fined By California For Failure To Disclose Worker Quotas; E-Commerce Giant Is Cited Over A 2022 State Law Requiring Disclosure Of Warehouse Employee Quotas” – WSJ

By Benzinga Newsdesk

June 18, 2:03 PM

https://www.wsj.com/business/retail/amazon-fined-by-california-for-failure-to-disclose-worker-quotas-1654b7ea?mod=latest_headlines A California agency has cited and fined Amazon.com for failing to comply with a

AMZN

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Boeing’s CEO David Calhoun To Face US Senators’ Questions On Plane Safety Amid Ongoing Investigations

By Benzinga Neuro

June 18, 1:42 AM

Boeing Co.'s CEO, David Calhoun, is set to appear before U.S. senators on Tuesday, where he will be questioned about the company's safety measures amid ongoing investigations.

2 minute read

Exxon Mobil’s Lawsuit Against Climate Activist Shareholder Arjuna Capital Dismissed By Federal Judge

By Benzinga Neuro

June 18, 12:55 AM

A federal judge has dismissed Exxon Mobil Corp's lawsuit against activist shareholder Arjuna Capital over a climate proposal.

IYE

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What’s Going On With DraftKings Shares Monday?

By Vaishali Prayag

June 17, 4:23 PM

Shares of DraftKings Inc. (NASDAQ: DKNG) saw a significant uptick Monday afternoon. This surge comes on the heels of a pivotal decision by the U.S. Supreme Court that has significant implications for the future of online sports betting in Florida and optimism that taxes will not be introduced into New Jersey's 2025 budget which closes on June 30th.

DKNG

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US Supreme Court To Hear Nvidia’s Appeal Of Shareholder Crypto Suit

By Adam Eckert

June 17, 2:54 PM

Nvidia will get a chance to argue its side of a court ruling that accuses the company of committing securities fraud after Supreme Court justices took up the chipmaker's appeal on Monday.

NVDA

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Pfizer’s COVID-19 Vaccine Safety Claims Under Lens, Faces Lawsuit From Kansas For Alleged Misleading Claims

By Vandana Singh

June 17, 1:13 PM

Kansas has filed a lawsuit against Pfizer, Inc., alleging the company misled the public about the safety and effectiveness of its COVID-19 vaccine, resulting in consumer protection violations and record revenues.

PFE

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Tesla Sues Former Supplier Over Trade Secret Theft, Seeks $1B Compensation: Report

By Shivani Kumaresan

June 17, 1:09 PM

In a significant legal move, Tesla Inc. is reportedly suing Matthews International, claiming the company misappropriated Tesla's proprietary dry electrode battery technology to the detriment of Tesla's competitive edge and innovation.

FDIS

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DeSantis Can’t Get Past The Odor Of Weed To Smell The Flowers — Specifically, $430M Annually In Cannabis Revenue

By Maureen Meehan

June 15, 3:46 PM

Florida economists estimate that legalizing marijuana could generate up to $431 million annually in sales tax revenue.

TCNNF