Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Corporate Law"


25 mentions found


U.S. District Judge James Donato in San Francisco said in his order that Google "fell strikingly short" in its duties to preserve records. Separately, the plaintiffs will have a chance to urge Donato to tell jurors that Google destroyed information that was unfavorable to it. The lawyers said Google was deleting chat records every 24 hours and "did so even after this litigation commenced." Google is separately fighting claims in a U.S. Justice Department antitrust case in Washington, D.C., federal court of destroyed chat records. The case is In re Google Play Store Antitrust Litigation, U.S. District Court, Northern District of California, No.
Founder Artak Hamazaspyan and a company he controlled, Beaxy Digital Ltd, raised $8 million in an unregistered offering of the Beaxy token (BXY), and Hamazaspyan also misappropriated at least $900,000 for personal use, the SEC said. The regulator also said executives Nicholas Murphy and Randolph Bay Abbott facilitated trading on the Beaxy platform since October 2019 through the company they managed, Windy Inc, the regulator said in a statement. Another executive, Brian Peterson, and his companies provided market making services for the Beaxy platform, acting as unregistered dealers, the SEC said. The other executives and firms, who did not admit or deny the SEC's findings, could not be reached immediately for comment. Reporting by Jonathan Stempel and Chris Prentice; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
NEW YORK, March 28 (Reuters) - The New York grand jury hearing evidence about former President Donald Trump's role in a hush-money payment to a porn star is not expected to meet on Wednesday and is unlikely to consider the case again this week, a law enforcement source said. It is unclear when the grand jury would take up the matter again, said the source, who was granted anonymity to discuss secret grand jury proceedings. The Manhattan District Attorney's office has been presenting evidence since January to the grand jury about possible crimes related to a $130,000 payment to porn star Stormy Daniels before the 2016 election. Trump has denied an affair took place, and lawyer Robert Costello, who met with Cohen in 2018, has said Cohen told him he acted alone. Costello testified before the grand jury last week.
The scheduled April 25 trial relates to Trump's alleged rape of Carroll in late 1995 or early 1996 in a Bergdorf Goodman department store dressing room in Manhattan. In his Oct. 12 post, Trump said he did not know Carroll, that she made up the rape claim to promote her memoir, and that the claim was a "hoax," "lie," "con job" and "complete scam." Trump said his post amounted to commentary about Carroll's earlier lawsuit and his defenses, and therefore was protected. But the judge said Trump's post was neither a "report of any judicial proceeding" nor a "fair and true report" of such a proceeding that would justify immunity. The case is Carroll v Trump, U.S. District Court, Southern District of New York, No 22-10016.
Equal Employment Opportunity Commission (EEOC), which on Tuesday accused the largest U.S. retailer of illegally firing a North Carolina deli worker with Crohn's disease. According to a complaint filed in the Charlotte, North Carolina federal court, Walmart did not excuse several absences though Tucker provided doctor's notes, and rejected her requests for periodic leave or a transfer to a job nearer the bathroom. Crohn's disease is an chronic bowel disease that causes inflammation in the digestive tract, and can lead to diarrhea, abdominal pain, fatigue and weight loss. Tucker was a long-term employee who needed "flexibility" from Walmart because of her debilitating health condition, EEOC lawyer Melinda Dugas said in a statement. The case is EEOC v Wal-Mart Stores East LP, U.S. District Court, Western District of North Carolina, No.
March 28 (Reuters) - A U.S. judge on Tuesday affirmed the Boy Scouts of America's $2.46 billion settlement of decades of sex abuse claims, rejecting appeals by some of the group's insurers and abuse claimants. The Boy Scouts settlement, approved in bankruptcy court in September, was supported by 86% of abuse claimants and the Boy Scouts' two largest insurers. The Boy Scouts organization said it was "enormously grateful" to abuse survivors who spoke out about their experiences and who voted to support the settlement. The judge rejected insurers' appeals that argued the Boy Scouts organization colluded with abuse claimants to shift liability to insurers. The Boy Scouts also contributed additional insurance rights, which may be worth more than $4 billion, to the fund will pay abuse claims, according to Andrews' ruling.
NEW YORK, March 28 (Reuters) - U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of now-bankrupt FTX cryptocurrency exchange of conspiring to pay a $40 million bribe to Chinese government officials. The indictment said Bankman-Fried ordered the $40 million cryptocurrency payment to a private wallet from Alameda's main trading account, to persuade Chinese authorities to unfreeze Alameda accounts with more than $1 billion of cryptocurrency. Prosecutors said the Alameda accounts had been frozen as part of an investigation into an unnamed Alameda counterparty. They also said Bankman-Fried later authorized a transfer of tens of millions of dollars of cryptocurrency to "complete" the bribe. Under the new conditions, Bankman-Fried would be barred from using electronics except for a phone with no internet capability and a basic laptop with limited functions.
NEW YORK, March 28 (Reuters) - Lawyers for Sam Bankman-Fried said they reached an agreement with U.S. prosecutors on Monday on revised bail conditions, after a judge raised the prospect of sending the indicted FTX cryptocurrency exchange founder to jail pending trial. The laptop will have monitoring software to track user activity and Bankman-Fried won't have administrative access to prevent tampering with the restrictions. In Monday's letter, Bankman-Fried's parents agreed to restrict his access to their devices, while also signing sworn affidavits to not bring prohibited electronic devices into their home. If there's reasonable suspicion of a violation, Bankman-Fried must submit his devices for a search, the letter added. But in January, federal prosecutors in Manhattan said Bankman-Fried attempted to contact current executives at now-bankrupt FTX.
[1/3] The Gateway Arch is seen across from snow covered banks of the Mississippi River during cold weather in St Louis, Missouri, U.S. February 11, 2021. "Big corporations like Kia and Hyundai must be held accountable for endangering our residents and putting profit over people,” said St. Louis Mayor Tishaura Jones. Many Hyundai and Kia vehicles have no electronic immobilizers, which prevent break-ins and bypassing the ignition. Since May 2022, St. Louis police received more than 4,500 reports of thefts of Kia or Hyundai vehicles. Sixty-one percent of vehicles stolen in St. Louis have been Kias and Hyundais, St. Louis said.
March 27 (Reuters) - A former National Enquirer publisher testified on Monday before a Manhattan grand jury hearing evidence about former President Donald Trump's role in a hush-money payment to a porn star, said a person familiar with the matter. The grand jury's proceedings are shrouded in secrecy and the timing of a grand jury vote is unclear. [1/8] An officer from the New York City Police Department (NYPD) Canine Unit checks outside the Manhattan Criminal Court in New York City, U.S., March 27, 2023. Costello testified before the grand jury last week. Trump faces several other criminal investigations, including one tied to the Jan. 6th assault on the U.S. Capitol.
If successful, Amgen would claim ownership of all antibodies that inhibit the PCSK9 protein, the mechanism of action for both Repatha and Praluent. Other companies could then do the same with their own antibody treatments in other disease areas. The case might also affect newer technologies used in medicine, such as CRISPR gene editing and messenger RNA, she said. A Washington, D.C.-based federal appeals court that covers U.S. patent cases invalidated Amgen's patent claiming ownership of all PCSK9 inhibitors as a whole in 2021. Amgen sued Sanofi and Regeneron in 2014.
[1/2] The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. The ruling by U.S. District Judge Richard Jones in Seattle on Friday came in a prospective antitrust class action that has estimated damages of between $55 billion to $172 billion. Amazon has denied the plaintiffs' claims, arguing that its "Fair Pricing Policy" has procompetitive benefits and that U.S. antitrust law encourages such a policy. Attorneys general in California and Washington, D.C., also have sued Amazon over pricing policies. The case is Frame-Wilson et al v. Amazon.com Inc, U.S. District Court, Western District of Washington, No.
REUTERS/Eduardo MunozMarch 27 (Reuters) - A Manhattan grand jury hearing evidence about former President Donald Trump's role in a hush-money payment to porn star Stormy Daniels was expected to reconvene on Monday, a law enforcement source said. The grand jury, which has been meeting since January, could indict Trump over the handling of the payment, which would make him the first U.S. president to face a criminal charge in court. Manhattan District Attorney Alvin Bragg has been presenting evidence about the $130,000 payment made to porn star Stormy Daniels in the final weeks of Trump's 2016 election campaign. Trump's former lawyer Michael Cohen has said he made the payment at Trump's direction to buy her silence about a sexual liaison she says she had with Trump in 2006. Trump faces several other criminal investigations, including one tied to the Jan. 6th assault on the U.S. Capitol.
March 27 (Reuters) - Major cryptocurrency exchange Binance and executives, including CEO and founder Changpeng Zhao, have been sued by the U.S. Commodity Futures Trading Commission (CFTC) for regulatory violations, according to a court filing on Monday. Binance's compliance program has been "ineffective" and the firm, under the direction of Zhao, told employees and customers to go around compliance controls, the CFTC said. It also accused Binance's former Chief Compliance Officer Samuel Lim of aiding and abetting Binance's violations. "For years, Binance knew they were violating CFTC rules, working actively to both keep the money flowing and avoid compliance. Its core Binance.com exchange, the world's biggest, processed trades worth about $23 trillion last year, according to data provider CryptoCompare.
Donziger's lawyers argued that this appointment violated separation-of-powers principles set out in the Constitution delineating the authority of the three branches of the U.S. government. In 2011, an Ecuadorian court entered an $18 billion judgment that was later reduced to $9.5 billion against Chevron for contamination resulting from oil production. In 2014, Kaplan concluded in that case that the Ecuadorian judgment against Chevron in Ecuador was obtained fraudulently through a corrupt process, rendering it unenforceable in the United States. When Chevron suspected Donziger was violating a related ban on trying to monetize or profit from the judgment, Kaplan ordered him to turn over electronic devices and email accounts for examination. After federal prosecutors in Manhattan declined to take the case, Kaplan in an unusual move tapped a private lawyer, Rita Glavin, to lead the prosecution of Donziger.
The 9th Circuit upheld Hansen's other convictions and ordered that he be resentenced. The 9th Circuit decision applies in the group of western states over which it has jurisdiction including Arizona and California, which border Mexico. Circuit Court of Appeals also ruled against the law in a separate case. The Justice Department told the justices that the 9th Circuit decision wrongly relied on "hypothetical scenarios that the statute would not encompass." These groups argued that the law threatens attorneys, doctors, scholars and anyone else who speaks in support of immigration.
March 27 (Reuters) - The U.S. Supreme Court is weighing whether colleges can continue to consider race as part of their admissions decisions, a practice commonly known as affirmative action. Schools also employ recruitment programs and scholarship opportunities intended to boost diversity, but the Supreme Court litigation is focused on admissions. HOW HAS THE SUPREME COURT RULED IN THE PAST? The court has largely upheld race-conscious admissions for decades, though not without limits. A decision banning affirmative action would force elite colleges to revamp their policies and search for new ways to ensure diversity.
March 27 (Reuters) - E-cigarette company Juul Labs Inc and its former largest investor, Marlboro maker Altria Group Inc (MO.N), will face their first U.S. trial this week over claims that they created a public nuisance by marketing addictive e-cigarettes to minors. It says Juul sold its e-cigarettes in sweet flavors and promoted them on social media to appeal to underage consumers. Juul and Altria have faced thousands of similar lawsuits around the country. The state also says Altria helped Juul market its products, including by providing it access to its sales force and including Juul advertisements in Marlboro products. Altria this month announced that it had given up its investment in Juul in exchange for some of Juul's intellectual property.
March 26 (Reuters) - Some parts of Twitter Inc's source code have been leaked and the social media platform owned by billionaire Elon Musk is seeking information on the person responsible, a legal filing showed. According to the filing, "various excerpts" of Twitter's source code, which is used to run the company online, were posted on Github, a Microsoft-owned platform for sharing code for software development, by a user named 'FreeSpeechEnthusiast'. Github said it took down the code on Friday at Twitter's request. It also did not comment on how long Twitter's source code had been publicly available. Twitter also did not immediately respond to a request for comment.
NEW YORK, March 27 (Reuters) - A newly fired Fox News producer is seeking to recant testimony she said network lawyers coerced her into providing as Fox defends against Dominion Voting Systems' $1.6 billion defamation lawsuit. Grossberg said Fox fired her on Friday, four days after she originally sued and was put on administrative leave. Fox, part of Rupert Murdoch's Fox Corp (FOXA.O), said Grossberg "ignored" its warning that she might lose her job if she revealed privileged communications with lawyers. The cases are Grossberg v Fox Corp et al, Delaware Superior Court, No. N23C-03-180; and Grossberg v Fox Corp et al, U.S. District Court, Southern District of New York, No.
WASHINGTON, March 27 (Reuters) - Conservative U.S. Supreme Court justices on Monday appeared inclined to uphold a federal law that made it a crime to encourage illegal immigration, signaling agreement with President Joe Biden's administration that the measure does not violate constitutional free speech protections. Circuit Court of Appeals threw out Hansen's conviction for violating the provision, which bars inducing or encouraging noncitizens "to come to, enter or reside" in the United States illegally, including for financial gain. The 9th Circuit upheld Hansen's convictions on mail and wire fraud charges. The 9th Circuit decision applies in the group of western states over which it has jurisdiction including Arizona and California, which border Mexico. Circuit Court of Appeals, which has jurisdiction of a group of other states, also ruled against the law in a separate case.
In court papers, Sanderson said he suffered "permanent traumatic brain injury" as a result of the collision. Paltrow said that is when they both fell to the ground with Paltrow on top of Sanderson, in a heap of skis and limbs. Gwyneth Paltrow testifies during her ski crash trial, in Park City, Utah, U.S., March 24, 2023. Paltrow, who said she was upset and cursed at Sanderson after the collision, said she did not ski off until after Sanderson told Christiansen that he was fine. "I did not cause the accident, so I cannot be at fault for anything that subsequently happened to him," Paltrow said.
NEW YORK, March 24 (Reuters) - A U.S. judge on Friday ordered former Goldman Sachs Group Inc (GS.N) banker Roger Ng to forfeit $35.1 million, after sentencing him to 10 years in prison for helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund. Jho Low, a Malaysian financier and suspected mastermind of the scheme, was also indicted but remains at large. Goldman settled with authorities in October 2020, agreeing to pay $2.9 billion and having its Malaysian unit plead guilty to a corruption charge. Former Malaysian Prime Minister Najib Razak is serving a 12-year prison sentence after being convicted in a Malaysian court of receiving $10 million from a former 1MDB unit. Reporting by Luc Cohen and Jonathan Stempel in New York; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.
Companies Google Inc FollowAlphabet Inc FollowMarch 24 (Reuters) - A federal judge on Friday set a fast-paced schedule in the U.S. Justice Department's antitrust lawsuit challenging Google LLC's digital advertising technology practices, moving the case along more quickly than either side had proposed. A Justice Department spokesperson and a representative from Google had no comment on Friday. The Justice Department and eight states filed the case in January, seeking to force Google to sell its ad manager suite, claiming that the company unlawfully curbed competition over advertising technology. The case is one of two Justice Department antitrust actions against Google. U.S. District Judge Leonie Brinkema, assigned to the digital advertising case, will preside at the January pretrial conference.
The trial will be the first test of how Zantac cancer claims will fare before a jury. GSK said in a statement it disagreed with the ruling and would defend the case at trial. Originally marketed by a forerunner of GSK, it was later sold successively to Pfizer (PFE.N), Boehringer Ingelheim and finally Sanofi (SASY.PA). While NDMA is found in low levels in food and water, it is known to cause cancer in larger amounts. Analysts said it was not surprising that Grillo ruled differently from the federal court because California's courts are known to be friendlier to plaintiffs.
Total: 25