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☆ Alysia Montaño is set to be upgraded to a bronze medal after her rivals doped. That still feels like a ‘stab in the gut’
▼ + stars: | 2024-04-30 | by ( George Ramsay | ) edition.cnn.com time to read: +9 min

Receiving a first Olympic medal is supposed to be a momentous and exhilarating occasion for every athlete but not Alysia Montaño. “A stab in the gut, in the heart, really,” is how she describes her supposed moment of triumph. In the days after learning that she could be awarded a bronze medal, Montaño says that her emotions oscillated from joy to sadness to something akin to grief. Savinova celebrates her winning gold at the London Olympics, a title of which she was later stripped. Montaño being awarded her bronze medal from the 2013 world championships in 2019.

Persons: vacantly, “, ” Montaño, – Mariya Savinova, Ekaterina Guliyev, Ekaterina Poistogova, Pamela Jelimo, Montaño, Stu Forster, Savinova, Guliyev, Olivier Morin, huff, –, Adam Nelson, Mustafa Abumunes, ”, wouldn’t Organizations: CNN, Doping Agency, London Olympics, Getty, Athletics Integrity Unit, Turkish Athletic Federation, London, Doha, Clif, ” CNN, International Olympic Committee, US Olympic, Paralympic, New York Times, Nike Locations: Cleveland, American, London, Russia’s, Turkey, AFP, Qatar, Los Angeles, Burger, Paris

☆ Alex Murdaugh is scheduled to be sentenced today for nearly 2 dozen financial crimes
▼ + stars: | 2024-04-01 | by ( Dakin Andone | Dianne Gallagher | ) edition.cnn.com time to read: +5 min

CNN —A federal judge on Monday is scheduled to sentence Alex Murdaugh – the 55-year-old former attorney already serving two life sentences for the murders of his wife and son – for nearly two dozen financial crimes following his guilty plea last year, according to the US Department of Justice. Murdaugh denies the claim, and his attorneys asked the judge to disregard the government’s motion during sentencing Monday. In a filing last week, prosecutors recommended Murdaugh be sentenced to between 17.5 and almost 22 years in prison. While Murdaugh insists he is innocent of the murders, he has admitted to the financial crimes, saying he was maintaining a yearslong opioid addiction. In exchange for his guilty plea, federal prosecutors agreed to recommend Murdaugh’s sentence be served concurrently with the one imposed in South Carolina, court filings show.

Persons: Alex Murdaugh –, –, Murdaugh, Maggie, Paul –, “ ‘, ’ confiding, Van der Sloot, Natalee Holloway, ”, Richard M, Gergel Organizations: CNN, US Department of Justice, US, Office, District, FBI Locations: District of South Carolina, South Carolina, Murdaugh

☆ Trump Georgia election judge may force D.A. to testify in disqualification hearing
▼ + stars: | 2024-02-12 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

The judge in the Georgia election criminal case against Donald Trump seemed inclined Monday to allow a subpoena for testimony from District Attorney Fani Willis at an upcoming hearing to potentially disqualify her from the case. Willis appointed Wade as special prosecutor for the Trump case. "I don't see how quashal can be imposed here," McAfee said, using the legal term for voiding a subpoena. McAfee also held off on ruling on motions to quash subpoenas for Wade and other employees of Willis' office at Monday's hearing. Anna Cross, the attorney who represented Willis at the hearing, said McAfee should quash the subpoenas.

Persons: Donald Trump, Attorney Fani Willis, Scott McAfee, Willis, Nathan Wade, Wade, Trump, McAfee, Trump's, Terrance Bradley, Bradley, Ashleigh Merchant, Michael Roman, Merchant, Anna Cross Organizations: Attorney, Trump Locations: Georgia, Fulton County

A judge just voided Elon Musk's $55 billion Tesla pay package. The ruling, which Tesla can appeal, threatens Musk's spot as the richest person in the world. AdvertisementElon Musk's wealth is facing a potential financial hit after a Delaware judge struck down the billionaire's $55 billion Tesla pay package on Tuesday, voiding the record-setting executive compensation plan. Without the $51.1 billion compensation plan, Musk's net worth would drop to roughly $154 billion, knocking him down several notches on the current list of the world's richest people, Bloomberg reported. His pay package centers around 304 million stock options in 12 tranches tied to a series of goalposts around the carmaker's financial growth, BI previously reported.

Persons: Tesla, —, Elon, Musk, Jeff Bezos, He's, Bernard Arnault, tranches, Richard Tornetta, Greg Varallo, Delaware — Elon, Angela Reddock, Wright, Cynthia Augello, Joshua Tyler White, they're, They've Organizations: Elon Musk's, Bloomberg, Service, New York Times, SEC, Vanderbilt Locations: Delaware, French, Los Angeles, New York, China

☆ Russian figure skater Valieva's doping case resumes
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

The Lausanne-based court began hearing her case in September but adjourned the proceedings after a panel of arbitrators asked for further documentation. Valieva tested positive for the banned substance trimetazidine, designed to prevent angina, at the Russian national championships in December 2021 when she was 15. Her team has said the positive test could have been due to a mix-up with her grandfather's heart medication. The Russian anti-doping agency (RUSADA) disciplinary commission found that Valieva had committed a violation for which she bore "no fault or negligence". WADA is seeking a four-year ban that would include voiding Valieva's results from the Beijing Games, effectively denying ROC their team event gold medal.

Persons: Kamila Valieva, Valieva, Vincent Zhou, RUSADA, WADA, voiding, Gabrielle Tétrault, Farber, Nick Macfie Organizations: Sport, Beijing, Russian, Russian Olympic Committee, Olympics, Olympic Committee, U.S, Doping Agency, International Skating Union, ISU, Beijing Games, ROC, Thomson Locations: GENEVA, Lausanne, Russian

☆ A California hedge fund's noncompetes drew outcry from employees. Now, it's doing away with the practice for former staffers.
▼ + stars: | 2023-10-15 | by ( Alex Morrell | ) www.businessinsider.com time to read: +4 min

California quantitative hedge fund The Voleon Group is abandoning its controversial practice of demanding that ex-employees recuse themselves from the industry for two years without pay. The $5 billion fund, based in Berkeley, California, has long imposed one of the industry's harshest noncompetition agreements despite California lawmakers' efforts to eliminate the practice. Insider last week reported on Voleon's noncompete policies, which the company has at times tried to enforce using intimidation and legal threats, ex-employees told Insider. "I don't know anyone who hasn't signed," a former employee previously told Insider, adding that Voleon managers encouraged employees to sign the agreement. A Voleon spokesman previously told Insider: "Like most hedge funds, in order to protect its most sensitive intellectual property, Voleon requests that select employees sign noncompetition agreements."

Persons: they'd, Lee Koffler, hasn't, Voleon, that's, — Organizations: Company, Voleon, Labor Locations: California, Berkeley , California, York

Medical instruments are sterilized following a surgical abortion at Trust Women clinic in Oklahoma City, U.S., December 6, 2021. Circuit Court of Appeals last month allowed the state to enforce its ban, reversing a lower court order that had partially blocked it. Idaho in 2020 passed a so-called "trigger" law that would go into effect and ban abortion if the U.S. Supreme Court overturned Roe v. Wade, the landmark decision that had established a right to abortion nationwide. The law includes a narrow exception for abortions that are necessary to prevent the mother's deathThe Supreme Court overturned Roe in June 2022. It also said that any conflict had been eliminated since Hendrix's decision because the state legislature and state Supreme Court had since clarified the law.

Persons: Evelyn Hockstein, Biden, Donald Trump, Raul Labrador, Roe, Wade, Joe Biden's, James Wesley Hendrix, Brendan Pierson, Alexia Garamfalvi, Jonathan Oatis Organizations: Trust Women, REUTERS, Circuit, Republican, Democratic, U.S . Department of Justice, U.S, Supreme, Idaho, Labor, District, Thomson Locations: Oklahoma City , U.S, San Francisco, Idaho, U.S, New York

☆ The fate of this consumer watchdog is in the hands of the Supreme Court
▼ + stars: | 2023-10-03 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

New York CNN —On Tuesday, the Supreme Court began hearing oral arguments in a case that will determine the fate of the Consumer Financial Protection Bureau. The Supreme Court will have the final say on that, however. The consumer watchdog agency was created after the 2008 financial crisis by way of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If the Supreme Court finds the CFPB’s funding structure unconstitutional, it could shutter the agency and invalidate all of its prior rulings. From listening to the case on Tuesday, though, Lynyak believes the Supreme Court will rule that the CFPB’s funding structure is constitutional.

Persons: Dodd, Frank Wall, Democratic Sen, Elizabeth Warren, Ting Shen, Wells, Sam Gilford, ” There’s, Joseph Lynyak III, Lynyak, ”, Noel Francisco, Francisco, “, Sonia Sotomayor, Amy Coney Barrett Organizations: New, New York CNN, Supreme, Consumer Financial, Bureau, Community Financial Services Association of America, Appeals, Fifth Circuit, Frank Wall Street Reform, Consumer, Democratic, Harvard Law School, Federal Reserve, Bloomberg, Getty, “, Mortgage Bankers Association, National Association of Homebuilders, National Association of Realtors, Bank of America, Court, Federal Deposit Insurance Corporation, Congressional, CNN, Dorsey & Whitney, Republican Locations: New York, New Orleans, United States

☆ Russian doping in focus as Valieva case heads to court
▼ + stars: | 2023-09-26 | by ( Gabrielle Tétrault-Farber | ) www.reuters.com time to read: +3 min

Valieva was 15 when she became the first woman to complete a quadruple jump at the Olympics in the team event. The Russian anti-doping agency (RUSADA) disciplinary commission found that Valieva had committed a violation for which she bore "no fault or negligence." This effectively would deny ROC their team event gold medal. Vincent Zhou, one of the U.S. skaters, said in a statement on Monday that the global anti-doping system was "failing athletes." "Transparency would build confidence in a global anti-doping system that has lost the trust of its most important stakeholders: athletes."

Persons: Kamila, Valieva, haven't, Travis Tygart, what's, RUSADA, WADA, James Fitzgerald, Vincent Zhou, Gabrielle Tétrault, Farber, Steve Keating, Ken Ferris Organizations: Sport, Russian Olympic Committee, Russian, Doping Agency, Reuters, Olympic Committee, International Skating Union, ISU, U.S, Thomson Locations: GENEVA, Switzerland, U.S, Russian, Lausanne, Beijing, Geneva, Toronto

☆ Israel Supreme Court set for historic judicial overhaul session
▼ + stars: | 2023-09-11 | by ( Maayan Lubell | ) www.reuters.com time to read: +2 min

REUTERS/Ronen Zvulun Acquire Licensing RightsJERUSALEM, Sept 12 (Reuters) - Israel's Supreme Court is set on Tuesday to hear arguments against a bid by Prime Minister Benjamin Netanyahu's coalition to curb bench powers, in a historic session that has already inflamed a crisis which has gripped the country for months. The legislation removed one, but not all, of the tools the Supreme Court had for voiding government and ministers' decisions if it deemed them "unreasonable". In its legal response to the petitions, the government has said the Supreme Court has no authority to even review amendments to a quasi-constitutional Basic Law, and said the debate could "lead to anarchy". Netanyahu, who is on trial for corruption charges he denies, says the judicial changes are meant to balance a Supreme Court that has become too interventionist. However, with two more appeals scheduled this month, a court ruling could come as late as January, leaving time for the sides to agree on reforms.

Persons: Benjamin Netanyahu, Ronen, Benjamin Netanyahu's, Netanyahu, Maayan, Grant McCool Organizations: Israeli, REUTERS, Rights, Netanyahu's, Thomson Locations: Jerusalem

☆ Netanyahu judicial overhaul faces showdown in Israeli Supreme Court
▼ + stars: | 2023-08-02 | by ( Maayan Lubell | ) www.reuters.com time to read: +5 min

CONSTITUTIONAL QUAGMIREThe reasonableness amendment is part of Israel's so-called "Basic Laws" that the court so far has refrained from quashing. Striking down a basic law or an amendment to one has been described in Israel as the Supreme Court using a legal doomsday weapon. As Israel has no written constitution, it relies instead on these Basic Laws which enshrine some rights and liberties and establish rules of governance. In its legal response ahead of Tuesday's hearing, the government argued that the Supreme Court does not have legal authority to review basic laws. From mid-October those vacancies will include the chief justice and another Supreme Court justice.

Persons: Benjamin Netanyahu's, Netanyahu, Israel, Esther Hayut, Aryeh Deri, Ronen, NETANYAHU, Yariv Levin, Levin, Maayan Lubell, James Mackenzie, Howard Goller, Michael Perry Organizations: reining, REUTERS, Thomson Locations: Israel, Israel's, Jerusalem

It was enacted as an amendment to one of Israel’s Basic Laws, which the justices have never previously struck down. Originally, Basic Laws, which can be passed by a simple parliamentary majority, were not necessarily superior to other laws. Then in 1992, the Knesset passed a Basic Law that guaranteed dignity and liberty. “Proportionality is a balancing test,” said Rivka Weill, another law professor at Reichman University. But if the government removed Ms. Baharav-Miara, it would “cross a red line for the court,” Professor Weill said.

Persons: Benjamin Netanyahu’s, Netanyahu, —, Oded, Adam Shinar, “, it’s, ”, Kim Lane Scheppele, Aharon Barak, Benjamin Netanyahu, Ronaldo Schemidt, Shinar, Rivka Weill, Weill, Gil Cohen Magen “, Aryeh Deri, Deri, Scheppele, Ronen Zvulun Organizations: Monday, Reichman University, Princeton University, ., Agence France, Princeton, Senate Locations: Israel, Israel’s, Tel Aviv, Herzliya, Jerusalem, Gali Baharav, Britain, United States

☆ Israeli military assessing reservists' protest letter over judicial overhaul
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Ronen ZvulunJERUSALEM, July 21 (Reuters) - Israel's military said on Friday it was examining the impact of a letter sent by air force reservists who threatened to stop volunteering for service if the government goes ahead with a planned judicial overhaul. Spokesperson Daniel Hagari said the military was checking details of the letter that he said was initialled by more than 1,100 reservists and "accordingly, will examine the implications". The letter, published in Israeli media without listing the signatories, was the latest sign of opposition within the military to judicial changes being pushed by Prime Minister Benjamin Netanyahu's religious-nationalist coalition. Air force veterans say reservists who volunteer after completing their mandatory military service make up around half of crews sent on combat sorties. On Monday, Netanyahu pledged to crack down on no-shows for military reserve duty, which he said risked inviting attack by Israel's foes and undermining its democracy.

Persons: Benjamin Netanyahu, Daniel Hagari, Benjamin Netanyahu's, Bezalel Smotrich, Yoav Gallant, Hagari, Netanyahu, Henriette Chacar, Ari Rabinovitch, Alison Williams, David Holmes Organizations: Protesters, Israeli, REUTERS, Critics, ., Reuters, Thomson Locations: Shoresh, Israel, Jerusalem, Ronen, JERUSALEM

☆ OPEC+ prepares for weekend meeting after Saudi warns speculators to 'watch out'
▼ + stars: | 2023-06-02 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Led by Saudi Arabia and Russia, OPEC+ agreed in early October to reduce production by 2 million barrels per day from November. After convening remotely throughout the Covid-19 pandemic, OPEC+ has returned to in-person meetings and will gather in Vienna on June 4. The OPEC ministers gather for a separate meeting unlikely to address output on June 3. Ministers face an oil market rattled by supply volatility, demand uncertainty, and a prospective recession, which could throttle transport fuel consumption. Two OPEC+ delegates, who did not want to be named due to the market sensitivity of the meeting, told CNBC that further output cuts were unlikely this weekend.

Persons: Saudi Arabia —, Prince Abdulaziz bin Salman, …, Alexander Novak, Prince Faisal bin Farhan al, Saud, Sergey Lavrov Organizations: Ministers, Russia, CNBC, Saudi Foreign, Brent Locations: Saudi Arabia, Russia, OPEC, Vienna, Saudi, Moscow, Riyadh, Cape Town, China, London, Washington

☆ How non-compete clauses cost Americans $300 billion a year
▼ + stars: | 2023-05-07 | by ( Kate Sammer | ) www.cnbc.com time to read: +1 min

The debate over the use and abuse of non-compete has come to a head, with the Federal Trade Commission proposing a new ban on non-competes. The FTC estimates that a ban on non-competes would expand career opportunities for 30 million Americans and increase wages by nearly $300 billion annually. Non-compete contracts were initially given to executive-level employees as a means to protect trade secrets. It is estimated that 18% of U.S. workers are bound by non-compete contracts. Watch the video above to learn more about the FTC's battle to ban non-compete contracts

Disney says the contracts were crafted to help lock in its long-term development plans amid escalating tension with DeSantis and his allies. "This feud between DeSantis and Disney is insane," Linda Stewart, a Democrat who represents Florida's 13th Senate district, told CNBC. Disney sued DeSantis and the board members last week, alleging a campaign of political retaliation led by the governor. In addition to voiding the development deals, the Florida Legislature passed a measure that would have the state transportation department conduct inspections of Walt Disney World's monorails. Earlier this month, the state education board approved an expansion of the classroom bill that kicked off the feud with Disney.

May 1 (Reuters) - A federal judge in Detroit on Monday threw out a jury verdict ordering Ford Motor Co (F.N) to pay Versata Software Inc $104.6 million for breaching a 2004 licensing contract and misappropriating trade secrets. He also said jurors had no basis to determine how long Ford would have needed to develop three trade secrets it allegedly stole, and that this also required voiding the damages award. Leitman ordered Ford to pay Versata $3 for breach of contract. "Overturning a jury verdict is difficult by design," Leitman said in a 51-page decision. The case is Versata Software Inc et al v Ford Motor Co, U.S. District Court, Eastern District of Michigan, No.

Circuit Court of Appeals, the U.S. Justice Department said the order, from U.S. District Judge Reed O'Connor in Fort Worth, Texas, "has no legal justification and threatens the public health." It asked the court to stop the order from taking effect until it can fully hear the administration's appeal. He found that the federal task force that decides what preventive care must be covered under the federal healthcare law, also known as Obamacare, was unlawfully appointed, voiding all of that task force's determinations since 2010. More than 150 million people were eligible for preventive care free of charge as of 2020 under Obamacare, according to U.S. Department of Health and Human Services data. Reporting By Brendan Pierson in New York; Editing by Alexia Garamfalvi and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

April 12 (Reuters) - Abortion opponents on Tuesday urged a U.S. appeals court to allow the suspension of Food and Drug Administration's approval of the abortion pill mifepristone, in a case with potentially far-reaching impact on how the government regulates medicine. The abortion opponents' requests came one day after the U.S. Department of Justice urged the appeals court to put U.S. District Judge Matthew Kacsmaryk's April 7 order voiding the FDA's approval on hold through the appeals process. It is not clear when the 5th Circuit will rule on extending the stay. Twelve of the 16 5th Circuit judges who hear cases are Republican appointees. Circuit Court of Appeals, No.

☆ Check out the new Nokia G22 that you can repair at home using a guitar pick and screwdriver — without voiding the warranty
▼ + stars: | 2023-02-27 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

The new Nokia G22, which was rolled out Feb. 25, is designed to be repaired at home. The Nokia G22 has been designed to cut down on the steps and complexity involved in replacing a battery, screen, and charging port. The Nokia G22 starts at £149.99 (around $179), runs on Android 12, and has a battery life of up to three days. Circular, for example, is a subscription service that ensures Nokia phones are recycled or reused when a customer returns them. The Nokia G22 will be on display at MWC 2023 and rollout began Feb. 25.

☆ Exonerated Deutsche Bank trader accuses bank of 'malicious prosecution'
▼ + stars: | 2023-01-26 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Gavin Black, who worked on the bank's money market and derivatives desk in London, said Deutsche Bank and others conspired to commit "malicious prosecution and abuse of process," leading to his unjustified conviction. Deutsche Bank did not immediately respond to requests for comment. The legal action came two months after Matthew Connolly, who lead Deutsche Bank's pool trading desk in New York, filed a $150 million lawsuit also accusing the bank of malicious prosecution. Deutsche Bank asked a judge on Jan. 13 to dismiss Connolly's case. Investigations worldwide into Libor manipulation resulted in about $9 billion of fines for banks, including $2.5 billion for Deutsche Bank in 2015.

☆ South Carolina Supreme Court overturns state abortion ban
▼ + stars: | 2023-01-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

The decision by the South Carolina Supreme Court is based on the state's own constitution, which, unlike the U.S. Constitution, explicitly gives citizens a right to privacy. President Joe Biden's press secretary, Karine Jean-Pierre, in a tweet wrote: "We are encouraged by South Carolina's Supreme Court ruling today on the state's extreme and dangerous abortion ban." The South Carolina Supreme Court on Thursday overturned the state's ban on abortion after around six weeks of pregnancy, ruling that the law violated the state's constitutional right to privacy. South Carolina's abortion ban was again blocked in August, this time by the state Supreme Court, after a new lawsuit was filed seeking to invalidate it. The decision by the U.S. Supreme Court invalidating the federal right to abortion effectively left it up to individual states to regulate pregnancy terminations.

☆ UK court says Elliott, Jane Street can sue LME for cancelled nickel trades
▼ + stars: | 2022-10-10 | by ( Pratima Desai | ) www.reuters.com time to read: +2 min

LONDON, Oct 10 (Reuters) - A British court has granted permission for U.S.-based hedge fund Elliot Associates and Jane Street Global Trading to sue the London Metal Exchange (LME) for cancelling nickel trades in March, a court document showed. Elliott and Jane Street are demanding damages of $456.4 million and $15.34 million respectively, after the nickel price topped a record $100,000 per tonne on March 8, prompting the LME's suspension of nickel trading and voiding of trades. The nickel trading episode has been the biggest crisis to hit the world's oldest metals forum in decades. "The LME therefore continues to consider that Elliott's and Jane Street's grounds for complaint are without merit, and the LME will defend any judicial review proceedings vigorously." Elliott Associates declined to comment and Jane Street did not immediately respond to a request for comment.

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