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☆ Bob Menendez: Top federal prosecutor in New Jersey tells jury senator never pressured him
▼ + stars: | 2024-06-18 | by ( Gregory Krieg | Sabrina Souza | ) edition.cnn.com time to read: +6 min

Menendez hoped that if I became US attorney, that I would look at (the Daibes case) carefully,” Sellinger said. That testimony came up again Tuesday when Menendez attorney Avi Weitzman pressed Sellinger on the nature of that interaction. This time, Sellinger told Solimon that he would not, after all, need to recuse himself from the Daibes case if he was nominated and confirmed. “If you call Sellinger,” Solimon said he told Menendez after the meeting, “you’ll be comfortable with what he says.”With Suarez’s chances sunk, Menendez recommended Sellinger for the job he had wanted all along. Solimon told Menendez he would contact Sellinger, he testified, but never did.

Persons: Sen, Bob Menendez, Menendez, Philip Sellinger, Sellinger, Fred Daibes, “, “ Sen, ” Sellinger, Avi Weitzman, ”, Weitzman, Nadine, Wael Hana, Nadine Menendez, Jose Uribe, Michael Soliman, Soliman, Esther Suarez, Phil Murphy’s, Murphy, Al Alvarez, Suarez, Alvarez, General Gurbir Grewal, Grewal, Biden, Solimon, ” Solimon, “ I’m, ” Menendez, – Organizations: CNN, District of, Daibes, Democratic Gov, New, White, Justice Department, United, ” Prosecutors Locations: Jersey, District of New Jersey, New Jersey, Qatar, American, Hudson County, Solimon, United States

☆ DOJ settles CityMD Covid fraud allegations for $12 million
▼ + stars: | 2024-06-08 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Walgreens -backed CityMD will pay $12.04 million to settle Covid fraud allegations brought by the Department of Justice, the department announced on Friday. Stephen Kitzinger, a CityMD patient, initially alleged the fraud in 2020. CityMD cooperated with the government's investigation and hired a third-party firm to help the government determine how much was lost in connection as a result of the alleged fraud, according to the DOJ. CityMD said it denies the allegations but has decided to settle in order to to avoid the costs of dragged-out litigation. "The recent settlement is neither a finding of liability nor an admission of wrongdoing, and CityMD denies the allegations.

Persons: Philip R, Sellinger, Stephen Kitzinger, Kitzinger, CityMD Organizations: Walgreens, Department of Justice, Attorney's, District of, U.S, DOJ, CNBC Locations: Manhattan , New York City, U.S, New York, New Jersey, District of New Jersey, COVID

☆ Judge rejects J&J, Bristol Myers Squibb challenges to Medicare drug-price negotiations
▼ + stars: | 2024-04-29 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

A federal judge in New Jersey on Monday rejected Johnson & Johnson 's and Bristol Myers Squibb 's legal challenges to the Biden administration's Medicare drug-price negotiations, ruling that the program is constitutional. J&J and Bristol Myers Squibb did not immediately respond to requests for comment on the ruling. J&J, Bristol Myers Squibb, Novo Nordisk and Novartis presented their oral arguments before Quraishi during the same hearing in March. That same month, a federal judge in Delaware rejected AstraZeneca's separate lawsuit challenging the negotiations. In Texas, a third federal judge tossed a separate lawsuit in February.

Persons: Johnson, Bristol Myers, Joe Biden's, Zahid Quraishi, Quraishi, Bristol Myers Squibb's, AstraZeneca's Organizations: Bristol, Bristol Myers Squibb, Biden, White, Supreme, Final, of New, Novo Nordisk, Novartis, Chamber of Commerce Locations: New Jersey, U.S, of New Jersey, Delaware, Texas, Ohio

☆ New Jersey’s Ballot Must Be Immediately Redesigned, Federal Judge Rules
▼ + stars: | 2024-03-29 | by ( Tracey Tully | ) www.nytimes.com time to read: 1 min

A federal judge has granted an emergency request to force New Jersey to redesign its election ballot before the June primary, upending a longstanding source of electoral power for the state’s Democratic and Republican parties. The ruling, issued on Friday, is expected to fundamentally reshape politics in New Jersey and will have an immediate effect on June’s primary races. “The integrity of the democratic process for a primary election is at stake,” wrote Zahid N. Quraishi of U.S. District Court for the District of New Jersey in a 49-page decision. “Plaintiffs have put forth credible evidence not only that their constitutional rights are violated by the present ballot design used in New Jersey, which is used in no other state in the country,” he wrote, adding, “but that defendants would suffer minimal harm in implementing the ballot design requested.”

Persons: upending, ”, Zahid Organizations: state’s Democratic, Republican, District of Locations: New Jersey, U.S, District of New Jersey

☆ Tammy Murphy, wife of NJ Gov. Phil Murphy, launches bid to unseat indicted Sen. Bob Menendez
▼ + stars: | 2023-11-15 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Menendez and his wife were indicted in September on federal charges of bribery, conspiracy and extortion. Tammy Murphy, the wife of New Jersey Democratic Gov. Phil Murphy, launched a primary campaign Wednesday to unseat the state's indicted Democratic Sen. Bob Menendez. Tammy Murphy joined several other New Jersey democrats already vying for the Menendez seat. One day after the charges against Menendez went public, Rep. Andy Kim announced his entrance into the senate race.

Persons: New Jersey Tammy Snyder Murphy, Philip D, Murphy, Menendez, Sens, Tommy Tuberville, Rand Paul, Tammy Murphy, Phil Murphy, Democratic Sen, Bob Menendez, Sen, Edward Sunyol Kiel, Dirksen, Andy Kim, Kim, Larry Hamm, Goldman Sachs Organizations: Prosecutors, Twitter, New Jersey Democratic Gov, Democratic, U.S, District of, People's Organization for Progress, Republican Locations: New Jersey, of New Jersey, Trenton , New Jersey, United States, Washington, District of New Jersey, Jersey, U.S

☆ Drug retailer Rite Aid files for bankruptcy amid rising debt, opioid litigation
▼ + stars: | 2023-10-16 | by ( Abinaya V | ) www.reuters.com time to read: +2 min

A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Rite Aid, which began as a thrift shop in 1962, became the third largest U.S. chain of drugstores in less than two decades with more than 2,000 retail stores in 17 states. Rite Aid had a total debt of $8.60 billion as of June 3, according to a filing with the U.S. Bankruptcy Court for the District of New Jersey, some of which is due in 2025. It said it will transfer employees at underperforming stores that would be closed to other locations where possible. Rite Aid joins several companies, including Mallinckrodt, that have filed for bankruptcy due to lawsuits over the U.S. opioid crisis.

Persons: Lucas Jackson, Jeffrey Stein, Elizabeth Burr, Leroy Leo, Abinaya Vijayaraghavan, Mariam Sunny, Simon Cameron, Moore, Arun Koyyur Organizations: REUTERS, Rite, U.S, Bankruptcy, District of, Aid, Thomson Locations: New York City , New York, U.S, United States, District of New Jersey, Bengaluru

☆ Drug retailer Rite Aid files for bankruptcy, gets $3.45 bln commitment
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. The bankruptcy process will allow Rite Aid to resolve litigation claims in an "equitable manner", the company said. Rite Aid has appointed Jeffrey Stein as its new CEO and chief restructuring officer, replacing interim CEO Elizabeth Burr. Rite Aid has also reached an in-principle agreement with some of its senior secured noteholders that would significantly reduce its debt. MedImpact will serve as the 'stalking horse bidder' in a court-supervised sale process, Rite Aid said.

Persons: Lucas Jackson, Jeffrey Stein, Elizabeth Burr, Stein, Burr, noteholders, Abinaya Vijayaraghavan, Mariam Sunny, Sriparna Roy, Shweta Agarwal, Pooja Desai Organizations: REUTERS, Rite Aid Corp, U.S, Aid, Walgreens Boots Alliance, CVS Health, MedImpact Healthcare Systems, Solutions, Rite Aid, Bankruptcy, District of, Thomson Locations: New York City , New York, U.S, District of New Jersey, Bengaluru

Rite Aid, one of the largest U.S. pharmacy retailers, stumbled under its high debt, revenue declines, increased competition, and opioid litigation, according to its court filings. Founded in 1962, Rite Aid employs 45,000 people at more than 2,000 retail stores in 17 states, and will remain open for business during the bankruptcy. Rite Aid, which has denied wrongdoing, said it hopes to reach an "equitable" settlement of opioid litigation in bankruptcy. A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Rite Aid closed 200 stores before its bankruptcy, and it expects to close more as its Chapter 11 case proceeds.

Persons: Lucas Jackson, McKesson, Jeffrey Stein, Elizabeth Burr, Leroy Leo, Abinaya Vijayaraghavan, Mariam Sunny, Arun Koyyur, Marguerita Choy, Bill Berkrot Organizations: Rite Aid, Rite, Endo International, REUTERS, Bankruptcy, District of, MedImpact Healthcare Systems, Elixir ., Rite Aid . Rite, Aid, Thomson Locations: U.S, New York City , New York, District of New Jersey, Bengaluru

☆ Read the New Menendez Indictment
▼ + stars: | 2023-10-12 | by ( ) www.nytimes.com time to read: +2 min

After the meeting, the Candidate informed MENENDEZ that he might have to recuse himself from the DAIBES prosecution as a result of a matter he had handled in private practice involving DAIBES. MENENDEZ subsequently informed the Candidate that MENENDEZ would not put forward the Candidate's name to the White House for a recommendation to be nominated by the President for the position of U.S. Attorney. MENENDEZ also told the Candidate that MENENDEZ would be recommending a different individual for the position. Instead of the Candidate, ROBERT MENENDEZ, the defendant, recommended a different individual for U.S. Attorney. Subsequently, the Advisor informed MENENDEZ that the Advisor believed that the Candidate would likely not have to recuse from the prosecution of 32

Persons: ROBERT MENENDEZ, MENENDEZ, FRED DAIBES, DAIBES Organizations: Attorney, District of, U.S, Attorney's, District, White Locations: U.S, District of New Jersey, New Jersey

☆ Dillon Danis: ‘Revenge porn’ lawsuit against fighter overshadows major influencer boxing event, also involving Logan Paul, KSI and Tommy Fury
▼ + stars: | 2023-10-12 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

CNN —Involving internet stars Olajide “KSI” Olatunji, Logan Paul, Tommy Fury and Dillon Danis, it’s an event that’s widely viewed as the most highly-anticipated bill ever involving non-traditional boxing stars. Staged in Manchester, England, on Saturday, KSI will face Fury, while Paul fights Danis. Boxing involving non-traditional fighters has come a long way since it began to gain traction as a form of entertainment. Logan Paul (middle) and Nina Agdal (right) attend the UFC 284 event at RAC Arena on February 12, 2023 in Perth, Australia, alongside KSI (left). In their face off a month before the fight, Paul called Danis “pathetic” and “vile” for his barrage of tweets aimed at Agdal.

Persons: Olajide, Logan Paul, Tommy Fury, Dillon Danis, KSI, Fury, Paul, Danis, Joe Weller, Floyd Mayweather Jr, Anderson Silva, Paul’s, Paul’s fiancée, Nina Agdal, Agdal, ”, Chris Unger, ” Agdal, “, hasn’t, Brendan Schaub, ” Paul, Jesus, Schaub, ’, Jonathan Brady, he’d, “ Logan doesn’t, Nina Organizations: CNN, Fury, Danis, Twitter, District of, UFC, RAC Arena, KSI, Paul’s PR, Boxing Locations: Manchester, England, London, U.S, District of New Jersey, Agdal, Perth, Australia

☆ Read the Robert Menendez Indictment
▼ + stars: | 2023-09-22 | by ( ) www.nytimes.com time to read: +2 min

the purpose of his meeting with MENENDEZ was to consider a potential candidacy for U.S. Attorney in New Jersey. After the meeting, the Candidate informed MENENDEZ that he might have to recuse himself from the DAIBES prosecution as a result of a matter he had handled in private practice involving DAIBES. MENENDEZ also told the Candidate that MENENDEZ would be recommending a different individual for the position. Instead of the Candidate, ROBERT MENENDEZ, the defendant, recommended a different individual for U.S. Attorney. Subsequently, the Advisor informed MENENDEZ that the Advisor believed that the Candidate would likely not have to recuse from the prosecution of DAIBES.

Persons: MENENDEZ, FRED DAIBES, DAIBES, ROBERT MENENDEZ, texted MENENDEZ, you'll Organizations: U.S, Attorney, Attorney's, District, White Locations: New Jersey, U.S

☆ Monthly Meeting Q&A with Jim Cramer on 20 stocks in everything from tech to health care to retail
▼ + stars: | 2023-09-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

Jeff Marks: The upcoming earnings report should be good considering how strong the beer business is doing. Jim Cramer: Estee Lauder CEO Fabrizio Freda was adamant that this quarter wouldn't be any good so everyone is selling it. (Ronald) Jim Cramer: There is no pressure that could pull oil down with the Saudi Arabia oil cuts and Russia export cuts. Jeff Marks: These oil stocks have become great hedges to inflation again, much like they were last year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jeff Marks, Jim Cramer, Johnson, Arbitrageurs, Greg, There's, We're, Elliott Management's, I'd, Elliott, Morgan Stanley, Carey, we've, James Gorman, Jim, Estee Lauder, Fabrizio Freda, there's, Dave Cote, Darius Adamczyk, Vimal Kapur, Darius, hasn't, —, Ronald, Rick, We've Organizations: Investing Club, Broadcom, VMWare, AAA, Constellation Brands, Modelo, Elliott Management, Cisco, Palo Alto Networks, Honeywell, Morgan, Morgan Stanley Laguna, GE Healthcare, Natural Resources, Devon Energy, Halliburton, HAL, Costco, Walmart, Kirkland, CNBC Locations: Canada, Johnson, Mel , Pennsylvania, Manville, New Jersey, U.S, Carey , Virginia, Asia, Kyle , Wisconsin, PANW, Omar , Colorado, Saudi Arabia, buybacks, GEHC

☆ Sen. Bob Menendez is facing charges yet again — this time in the most cartoonish corruption scandal you can imagine
▼ + stars: | 2023-09-22 | by ( Rebecca Cohen | Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Federal prosecutors are charging Sen. Robert Menendez in a bribery and corruption scandal. Menendez allegedly helped a trio of businessmen and Egypt in exchange for — among other things — gold bars. Menendez previously faced corruption charges in 2017, but the case was dropped. The indictment alleges that Menendez "provided sensitive US government information and took other steps that secretly aided the Government of Egypt." In exchange, prosecutors allege that Wael "Will" Hana, who helped run the company, provided Menendez's wife, Nadine Menendez, a "low-or-no-show job."

Persons: Sen, Robert Menendez, Menendez, Jersey Sen, Wael, Will, Hana, Nadine Menendez, Trump, SDNY, It's Organizations: Service, US, Office, of, Foreign Relations, EG, Inc, Prosecutors, Benz, Department of Agriculture, District of Locations: Egypt, Wall, Silicon, Jersey, Southern, of New York, New Jersey, District of New Jersey

Shortly after the opening bell, we will be exiting our position in Johnson & Johnson (JNJ), selling 500 shares at roughly $171 each. Following Monday's trade, Jim Cramer's Charitable Trust will no longer own a position in J & J. We are making the tough decision to exit our J & J position after the U.S. Bankruptcy Court for the District of New Jersey dismissed the bankruptcy plan of the company's subsidiary LTL Management. LTL was created by J & J to silo the talc litigation. How much more will Johnson & Johnson have to pay?

Persons: Johnson, Jim Cramer's, LTL, we've, Jim Cramer, Jim, Brendan McDermid Organizations: U.S, Bankruptcy, District of New, LTL Management, Club, MarketEdge, CNBC, Traders, New York Stock Exchange Locations: Johnson, District of New Jersey, California, New York City

☆ Judge Rejects Johnson & Johnson’s Effort to Limit Talc-Related Liabilities
▼ + stars: | 2023-07-30 | by ( Nicole Sperling | More About Nicole Sperling | ) www.nytimes.com time to read: +1 min

For the second time this year, a court has ruled against Johnson & Johnson’s effort to use a bankruptcy case to limit its exposure to tens of thousands of lawsuits that claim its talcum powder products caused cancer. The plaintiffs claim that the company knew for decades about the risks linked to its talc products, including its signature baby powder. The company created a subsidiary, LTL Management, in 2021 as a maneuver to shield itself from the talc litigation. It proposed that the subsidiary, which had filed for bankruptcy, pay $8.9 billion to resolve all the claims against it. But on Friday, Judge Michael Kaplan of the U.S. Bankruptcy Court for the District of New Jersey, said LTL’s bankruptcy case must be dismissed because the lawsuits did not put the company in “imminent or immediate financial distress.” Earlier this year, the U.S. Court of Appeals for the Third Circuit in Philadelphia dismissed the first bankruptcy effort for the same reason.

Persons: Johnson, Michael Kaplan Organizations: LTL Management, U.S, Bankruptcy, District of, U.S ., Appeals, Third Circuit Locations: District of New Jersey, Philadelphia

July 18 (Reuters) - Johnson & Johnson (JNJ.N) sued the U.S. government on Tuesday, becoming the latest drugmaker seeking to block a program that gives the Medicare government health insurance plan the power to negotiate lower drug prices. The pharmaceutical industry says the drug price negotiation program under President Joe Biden's signature Inflation Reduction Act law will curtail profits and compel drugmakers to curb development of groundbreaking new treatments. The U.S. Centers for Medicare and Medicaid Services (CMS) in September is expected to select the first 10 drugs to target for negotiations with settled prices set to take effect in 2026. The law is on our side," a spokesperson for the U.S. Department of Health and Human Services said in a statement. It broadly follows the other related lawsuits, arguing that the program is unconstitutional and amounts to "confiscation of constitutionally protected property."

Persons: Johnson, Joe Biden's, drugmakers, Biden, Janssen, Bhanvi, Michael Erman, Krishna Chandra Eluri, Susan Heavey Organizations: Johnson, U.S, drugmakers Bristol Myers Squibb, Merck & Co, U.S . Chamber of Commerce, Pharmaceutical Research, Manufacturers of America, Commerce, U.S . Centers, Medicare, Medicaid Services, U.S . Department of Health, Human Services, District of, Thomson Locations: U.S, District of New Jersey, Bengaluru, New Jersey

☆ What is a target letter?
▼ + stars: | 2023-07-18 | by ( Remy Tumin | More About Remy Tumin | ) www.nytimes.com time to read: +1 min

Donald J. Trump said on Tuesday that he had received another “target letter” from the special counsel investigation into the Jan. 6 riot, the second time the former president has been notified that he is a target in a federal investigation. A target letter is an official piece of correspondence from the Department of Justice informing a person that they are actively being investigated. A target letter typically provides the subject of the investigation the opportunity to testify before a grand jury but does not obligate them to appear. “I would be very surprised if Mr. Trump were to testify before the grand jury,” he said. Of a minimum 16 grand jurors, at least 12 votes are needed to indict Mr. Trump.

Persons: Donald J, Trump, Mitchell Epner, “, ”, Epner, Mr Organizations: Department of Justice, Justice Department, United Locations: New Jersey

Chris Christie laid into Donald Trump in a CNN town hall Monday night, calling the former president “angry” and “vengeful” and accusing him of “vanity run amok” within the event’s opening minutes. Chris Christie greets CNN's Anderson Cooper at the start of the CNN Republican Presidential Town Hall in New York on Monday, June 12. Christie speaks during the town hall. I’ve done it in the toughest state,” Christie said, allowing that perhaps New York, California and Illinois might be tougher on Republicans. “Let’s leave it to the states and if a consensus emerges, we’ll know it.”Christie speaks to the audience during the town hall.

Persons: Chris Christie, Donald Trump, “, ”, Christie –, –, Christie, ” Christie, Joe Biden, CNN's Anderson Cooper, Laura Oliverio, CNN’s Anderson Cooper, Trump, ’ ” Christie, “ They’re, CNN Christie, Christie Christie, “ You’ve, ” Christie –, New Jersey –, “ I’ve, he’s, ” Chris Christie, you’ve, Trump’s, Cooper, Roe, Wade, – Trump, “ We’re, DeSantis, Nikki Haley, Bernadette Tuazon, he’d, Warren, Christie’s, I’ll, TikTok Organizations: CNN, Former New Jersey Gov, Republican, Trump, GOP, ” Former New Jersey Gov, CNN Republican Presidential Town, Trump –, District of, Justice Department, Democratic, Biden, South, United Nations, Social Security, actuaries, North Koreans, China, Facebook, Twitter Locations: New York, Christie’s, York, District of New Jersey, Iran, Trump, New Jersey, New York , California, Illinois, Washington, legislating, Oklahoma, Kansas, South Carolina, China, Russia, Beijing, United States

☆ Bed Bath & Beyond files for bankruptcy protection after long struggle, begins liquidation sale
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +2 min

April 23 - Bed Bath & Beyond Inc (BBBY.O) filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat, and has begun a liquidation sale. In February, the embattled retailer had planned to raise around $1 billion through the offering of preferred stock and warrants to avoid bankruptcy. But Bed Bath terminated the deal in late March and announced plans to sell $300 million worth of its shares, warning it might have to file for bankruptcy if it could not secure the funds. In February, according to a court filing, Bed Bath & Beyond's Canadian operations were going out of business. The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the website of consultancy Alvarez & Marsal showed.

☆ Bed Bath & Beyond files for bankruptcy protection
▼ + stars: | 2023-04-23 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +5 min

Bed Bath & Beyond on Sunday filed for Chapter 11 bankruptcy protection after a series of last-ditch efforts to raise enough equity to keep the business alive failed at the eleventh hour. Bed Bath has been hanging on by a thread ever since but has refused to go down without a fight. Days after the second stock offering was announced, Bed Bath said it had partnered with liquidator Hilco Global to boost its inventory levels. Soon, though, Bed Bath revealed in a securities filing that it didn't have enough cash to pay its debts and had defaulted on its credit line with JPMorgan. Under the reduced credit agreements, Bed Bath was on the hook for monthly interest payments.

☆ Bed Bath & Beyond Files for Bankruptcy
▼ + stars: | 2023-04-23 | by ( Jordyn Holman | Lauren Hirsch | ) www.nytimes.com time to read: +1 min

Bed Bath & Beyond came out of the 2008 downturn a winner. Competitors like Sharper Image and Linens ‘n Things filed for bankruptcy, but Bed Bath & Beyond actually expanded its business by acquiring other retailers. Now, as the U.S. economy experiences another period of uncertainty, Bed Bath & Beyond is no longer on top, the result of an increasingly unwieldy corporate structure and its failure to fully reckon with the ascendance of online shopping. The company’s 360 Bed Bath & Beyond stores and 120 Buy Buy Baby stores and websites will remain open. To help fund its operations in bankruptcy, Bed Bath & Beyond has raised $240 million from the investment firm Sixth Street Specialty Lending.

Organizations: & $

☆ Credit Suisse sued by U.S. shareholders over finances, controls
▼ + stars: | 2023-03-16 | by ( ) www.cnbc.com time to read: +1 min

U.S. shareholders of Credit Suisse Group AG sued the Swiss bank on Thursday, claiming that the bank defrauded them by concealing problems with its finances. The proposed class action accuses Credit Suisse of deceiving investors by failing to disclose that it was suffering from "significant" customer outflows, and that it had material weaknesses in its internal controls over financial reporting. Credit Suisse declined to comment on the lawsuit, which was filed in federal court in Camden, New Jersey. Turner, the named plaintiff, sued on behalf of holders of Credit Suisse's American depositary shares from March 10, 2022, to March 15, 2023. The case is Turner v Credit Suisse Group AG et al, U.S. District Court, District of New Jersey, No.

March 16 (Reuters) - U.S. shareholders of Credit Suisse Group AG (CSGN.S) sued the Swiss bank on Thursday, claiming that the bank defrauded them by concealing problems with its finances. The proposed class action accuses Credit Suisse of deceiving investors by failing to disclose that it was suffering from "significant" customer outflows, and that it had material weaknesses in its internal controls over financial reporting. Credit Suisse declined to comment on the lawsuit, which was filed in federal court in Camden, New Jersey. Turner, the named plaintiff, sued on behalf of holders of Credit Suisse's American depositary shares from March 10, 2022, to March 15, 2023. The case is Turner v Credit Suisse Group AG et al, U.S. District Court, District of New Jersey, No.

☆ Bed Bath beefs up legal team ahead of possible bankruptcy filing in New Jersey
▼ + stars: | 2023-01-20 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

A "Store Closing" banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Bed Bath has been in discussions to nail down financing that would keep it afloat if it were to file for bankruptcy, CNBC previously reported. Bed Bath also recently hired consulting firm AlixPartners as one of its advisors, replacing Berkeley Research Group, CNBC previously reported. Despite efforts to stave off landing in bankruptcy protection, a filing will likely occur in the weeks ahead, the people said. Earlier this month, Bed Bath warned of a looming bankruptcy as its turnaround plans failed to improve the business and its balance sheet deteriorated.

President Joe Biden will announce six new judicial nominees in his final batch of selections in 2022, a White House official told NBC News, as it looks to two more years of reshaping the federal courts under an expanded Democratic Senate majority. The nominees are for federal district courts — one in Indiana, two in New Jersey and three in California. The White House said they’ll be among the first nominees sent to the Senate early in the new year, when another session begins. Democrats gained a seat in the 2022 election and may have an easier time processing judges in 2023 and 2024. The new round will bring Biden’s total announced judicial nominees to 150, the White House said.

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