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Representatives for Impossible Foods did not immediately respond to a request for comment on the decision. Redwood City, California-based Impossible Foods sued Motif, a Boston-based spinoff of biotech company Ginkgo Bioworks, in March. The court agreed with Impossible Foods that Hemami could still infringe the patents and allowed the claims to continue. Impossible Foods' patents may cover Hemami because it is produced using yeast and does not have any "direct animal provenance," Bryson said. The case is Impossible Foods Inc v. Motif Foodworks Inc, U.S. District Court for the District of Delaware, No.
The antitrust plaintiffs' lawyers, Shana Scarlett of Hagens Berman Sobol Shapiro and Stephen Swedlow of Quinn Emanuel Urquhart & Sullivan, on Monday did not immediately reply to a message seeking comment. A Facebook spokesperson did not immediately comment about whether the settlement might affect the antitrust case. The privacy settlement wrapped up allegations that Facebook continued to track users' web activity despite being logged out of the site. Facebook denied the privacy claims, and the company is fighting the allegations in the antitrust case. In the antitrust case, plaintiffs' lawyers at Hagens Berman and Quinn Emanuel Urquhart had asked Davila to include a sentence saying the resolution of the privacy settlement doesn't impact the antitrust litigation.
Companies United States of America FollowNov 14 (Reuters) - A U.S. appeals court has extended a block on President Joe Biden's administration from fulfilling his plan to cancel hundreds of billions of dollars in student loan debt at the urging of six Republican-led states, a court filing on Monday showed. Circuit Court of Appeals issued an injunction barring the U.S. Department of Education from erasing student loan debt as part of Biden's plan to deliver "life-changing relief" to tens of millions of borrowers. The court on Oct. 21 temporarily barred Biden's administration from discharging student loans while it considered an emergency request by the six states for an injunction. Debt forgiveness would eliminate about $430 billion of the $1.6 trillion in outstanding student debt and that over 40 million people were eligible to benefit, according to the nonpartisan Congressional Budget Office. The plan calls to forgive up to $10,000 in student loan debt for borrowers making less than $125,000 per year, or $250,000 for married couples.
Nov 14 (Reuters) - UK-founded law firm Linklaters on Monday said it has hired a finance-focused partner from Sidley Austin in New York to head its energy and infrastructure practice in the Americas. Ron Erlichman specializes in the financing and development of infrastructure projects, particularly renewable energy and carbon neutral projects, according to an archived profile on Sidley Austin’s website. Prior to Sidley, Erlichman co-chaired the project finance group at Houston-headquartered law firm Bracewell. Erlichman’s experience in the renewable energy and project finance practices “will be invaluable as we guide domestic and international clients through the rapidly changing and complex U.S. energy and infrastructure market,” Linklaters global energy and infrastructure group leader Daniel Tryer said in a statement. A Sidley Austin spokesperson did not immediately respond to a request for comment on Erlichman’s departure.
Nov 14 (Reuters) - Epic Games on Monday will try to overturn portions of a court ruling in an antitrust trial last year that largely favored Apple Inc (AAPL.O). The "Fortnite" creator sued Apple in 2020 alleging that the iPhone maker's App Store rules, under which software developers must pay commissions of up to 30% on in-app purchases, violated U.S. antitrust law. Apple appealed the order, and Epic appealed the finding that Apple did not violate antitrust laws. According to its court filings, Epic plans to argue that the trial judge did not properly interpret U.S. antitrust laws. Epic argues that such standard agreements are still subject to antitrust laws.
The committee on Oct. 22 sent Trump himself a subpoena to testify under oath and provide documents. Trump, who is considering another run for the presidency in 2024, has accused the panel of waging unfair political attacks on him. Circuit Court of Appeals on Oct. 22 declined to put the subpoena on hold while Ward appealed. Ward and her husband, Michael Ward, both signed their names on one of the slates of alternate electors for Trump. Supreme Court Justice Elena Kagan had temporarily put the subpoena on hold on Oct. 28 while the full court decided how to proceed.
CompaniesCompanies Law firms Gibson, Dunn & Crutcher Llp Follow(Reuters) - Gibson, Dunn & Crutcher said Monday that Gustav Eyler, who was a top U.S. Department of Justice consumer protection official, has joined the firm as a Washington, D.C.-based partner. Eyler, who practiced as a litigation associate at Los Angeles-founded Gibson Dunn earlier in his career, served for five years as director of the consumer protection branch of the Justice Department's civil division, where he oversaw more than 250 prosecutors and staff, the firm said. Gibson Dunn has made other recent hires to its Washington office, including two last week. At Gibson Dunn, Eyler said he plans to help clients facing government investigations, enforcement actions and related consumer class actions involving the life sciences, healthcare and consumer products sectors, and work with clients on data privacy matters. Read more:Law firm Steptoe hires U.S. Justice Dept senior antitrust lawyerJustice official to lead Jenner's congressional investigations teamOur Standards: The Thomson Reuters Trust Principles.
The case could have given the justices, had they decided to hear it, a chance to make it harder for consumers and other plaintiffs to receive class action status. The Reston, Virginia-based company, which produces StarKist Tuna, had asked the Supreme Court to consider whether plaintiffs could still win class action status in cases in which some of the members of the class were not injured by a company's alleged wrongdoing. Class action status allows a few plaintiffs to litigate on behalf of a much larger group rather than forcing individuals to litigate separately. Businesses fight to avoid cases winning class action status, which can expose them to massive potential damages and create pressure to settle. In 2019, a trial judge granted class action status to three separate groups of tuna buyers: direct purchasers such as national retailers and regional grocery stores; commercial food preparers; and individual consumers.
WASHINGTON, Nov 14 (Reuters) - The U.S. Supreme Court on Monday turned away another challenge to a federal ban imposed under former President Donald Trump on devices called "bump stocks" that enable a semi-automatic weapon to fire like a machine gun. The Supreme Court in 2019 declined to block the ban from going into effect. The justices last month rejected appeals by a Utah gun lobbyist and firearms rights groups of lower court rulings upholding the ban as a reasonable interpretation of a federal law prohibiting machine gun possession. Bump stocks use a gun's recoil to bump its trigger, enabling a semiautomatic weapon to fire hundreds of rounds per minute to let it shoot like a machine gun. Two sets of plaintiffs filed lawsuits seeking compensation for having to destroy or surrender their bump stocks in the Court of Federal Claims, which hears monetary claims against the U.S. government.
This as-told-to essay is based on a conversation with Erika Kullberg, a finance social media creator with 9 million TikTok followers. TikTok: $290 (9 million followers)In September, I made a total of $290 from the creator fund on TikTok. It's important to remember that these numbers are just a small piece of how social media creators can make money. But, I don't post on social media for the money. And I choose to reveal how much I make on social media to increase transparency aroud money.
Nov 14 (Reuters) - Australia and New Zealand Banking Group (ANZ.AX) on Monday said it would contribute A$42 million ($28.10 million) to settle a class action lawsuit brought by law firm Slater & Gordon (SGH.AX) in 2020 over the sale of three consumer credit insurance products. The class action was filed against ANZ, QBE Insurance Australia (QBE.AX), OnePath Life, and OnePath General Insurance alleging that the entities made customers believe their policy payments were "compulsory or provided value to them", according to the law firm's website. ANZ said the settlement contribution is covered by a provision held as of Sept. 30. QBE Insurance, and OnePath Life and OnePath General Insurance, which are indirectly held by Swiss firm Zurich Insurance Group (ZURN.S), did not immediately respond to a Reuters request for comment. ($1 = 1.4948 Australian dollars)Reporting by Sameer Manekar in Bengaluru; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.
Nov 14 (Reuters) - Three of Australia's 'big four' banks settled separate class action lawsuits for A$126 million ($84.51 million) with Slater & Gordon (SGH.AX), who took the banks to court two years ago over sale of credit insurance products, the companies said on Monday. Law firm Slater & Gordon in 2020 filed class action lawsuits against Commonwealth Bank of Australia (CBA.AX), Westpac Banking Corp (WBC.AX), and Australia and New Zealand Banking Group (ANZ.AX) on behalf of around one million customers. ANZ, along with QBE Insurance, and OnePath Life and OnePath General Insurance, indirect units of Swiss firm Zurich Insurance Group (ZURN.S), will pay a total of A$47 million to their customers under the settlement, with ANZ contributing A$42 million, Slater & Gordon said. Westpac would pay A$29 million, subject to court's approval. ($1 = 1.4910 Australian dollars)Reporting by Sameer Manekar in Bengaluru; editing by Diane Craft and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
That ruling, widely known as “Chevron deference,” directs judges to defer to agencies’ interpretation of laws that may be ambiguous. The companies sued the federal government in 2020 over the monitors, who ensure the boats are complying with federal fishing laws. The precedent has been viewed with increasing skepticism in recent years, especially among conservatives, including Supreme Court Justice Neil Gorsuch. v. Gina Raimondo et al., United States Supreme Court, case No. For the fishing companies: Paul Clement, Andrew Lawrence and Chadwick Harper of Clement & MurphyFor the government: Counsel information not immediately availableOur Standards: The Thomson Reuters Trust Principles.
Nov 11 (Reuters) - A federal judge in Texas ruled on Friday that President Joe Biden's administration had wrongly interpreted an Obamacare provision as barring health care providers from discriminating against gay and transgender people. U.S. District Judge Matthew Kacsmaryk in Amarillo ruled that a landmark U.S. Supreme Court decision in 2020 holding that a law barring workplace discrimination protects gay and transgender employees did not apply to the healthcare law. "Title IX's ordinary public meaning remains intact until changed by Congress, or perhaps the Supreme Court," Kacsmaryk wrote. The Obama administration introduced rules in 2016 that made clear that LGBT people would be protected under the healthcare discrimination provision. In June, the Biden administration proposed a rule to once again enshrine such protections.
Law firms Quinn Emanuel Urquhart & Sullivan, LLP FollowNov 11 (Reuters) - Actor Alec Baldwin filed a lawsuit on Friday against the armorer and three other crew members over the deadly shooting on the set of the Western movie "Rust," in which a gun that Baldwin was using during rehearsal killed cinematographer Halyna Hutchins. Baldwin's cross complaint names armorer Hannah Gutierrez-Reed, first assistant director Dave Halls, prop supplier Seth Kenney and prop master Sarah Zachry. Attorneys for Gutierrez-Reed, Halls and Kenney did not immediately respond to requests for statements in their clients' defense. Baldwin's cross complaint alleges negligence and seeks damages to be determined at trial for the "immense grief" he endures. Hutchins was killed when a revolver Baldwin was rehearsing with during filming in New Mexico fired a live round that hit her and movie director Joel Souza, who survived.
The House committee investigating the attack of Jan. 6, 2021 had unanimously issued a subpoena for the Republican former president to appear on or about Nov. 14. Lawmakers had also extended through this week their initial Nov. 4 deadline for Trump to turn over any related documentation. In a Nov. 9 letter to the panel attached to the lawsuit, Trump's attorneys said he would "consider" whether providing written responses "would be appropriate." The letter said Trump "voluntarily directed a reasonable search for documents in his possession" but it "found no documents responsive to this request." The panel has not said how it will proceed if Trump disregards the subpoena request.
The company will be a preferred long-term partner for Credit Suisse, the bank has said. Credit Suisse declined to comment beyond Lehmann's remarks Oct. 27 when the bank unveiled the restructuring. The investment bank spin-off and the sale of the securitized products unit to Apollo are key planks of the reorganization. Klein, a 59-year-old former Citigroup rainmaker who runs advisory boutique M. Klein & Co, has been a Credit Suisse board member since 2018. Klein and Credit Suisse also have discussed combining M. Klein & Co into CS First Boston, according to one source familiar with the discussions.
Summary Other large jurisdictions saw pass rate declinesNew York bucked the trend(Reuters) - California this week joined Texas and Florida in posting a pass rate decline on the July 2022 bar exam. For first-time test takers, the pass rate fell to 62% this year from 71% in 2021. Its overall July pass rate fell 10 percentage points to 51%, while its first-time pass rate declined 8 percentage points to 64% this year. Law schools with low pass rates risk losing their American Bar Association accreditation, and low pass rates can constrain the entry-level hiring pool for legal employers. Read more:Bar exam pass rate rises in New York, falls in FloridaLatest bar exam software glitch puts some test takers in a bindOur Standards: The Thomson Reuters Trust Principles.
Indiana's Republican-controlled legislature passed the law in May, overriding the veto of the state's Republican governor, Eric Holcomb, who had said it was unnecessary. Proponents of the law say that allowing transgender girls to play on girls' teams is unfair because they have a biological advantage. The mother of a 10-year-old transgender girl attending public school in Indianapolis then sued the school district in Indianapolis federal court, seeking to stop it from enforcing the law against her. The Indianapolis school district itself did not oppose the injunction, but the state of Indiana intervened to defend its law. A group of 19 Republican-led states filed their own brief supporting Indiana in September.
[1/2] Ex-Goldman Sachs banker Roger Ng exits the Brooklyn Federal Courthouse (EDNY) after being found guilty for his part helping embezzle from Malaysia's 1MDB sovereign wealth fund, in Brooklyn, New York, U.S., April 8, 2022. REUTERS/Brendan McDermid/File PhotoNEW YORK, Nov 11 (Reuters) - Roger Ng, the former Goldman Sachs (GS.N) banker convicted for helping loot Malaysia's 1MDB sovereign wealth fund, on Friday sued the government's star witness Tim Leissner for more than $130 million, alleging fraud. A federal jury in Brooklyn convicted Ng in April of conspiring to violate an anti-bribery law and commit money laundering. Jho Low, a Malaysian financier and suspected mastermind of the looting, was also indicted in Brooklyn and remains at large. Reporting by Jonathan Stempel in New York; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
Companies Theranos Inc FollowNov 11 (Reuters) - Elizabeth Holmes urged a U.S. judge not to send her to prison, as the founder of Theranos Inc prepares to be sentenced next week for defrauding investors in the blood testing start-up. "We ask that the court consider, as it must, the real person, the real company and the complex circumstances surrounding the offense." Holmes founded Theranos in 2003 at age 19, before dropping out of Stanford University. Theranos was once valued at $9 billion, and Forbes magazine in 2015 estimated Holmes' net worth at $4.5 billion. More than 130 friends, family, investors and former Theranos employees submitted letters to Davila urging leniency for Holmes.
Nov 10 (Reuters) - A federal judge in Texas on Thursday ruled that President Joe Biden's plan to cancel hundreds of billions of dollars in student loan debt was unlawful and must be vacated, delivering a victory to conservative opponents of the program. The debt relief plan had already been temporarily blocked by the St. Louis-based 8th U.S. "The Program is thus an unconstitutional exercise of Congress's legislative power and must be vacated," Pittman wrote. The non-partisan Congressional Budget Office in September calculated the debt forgiveness would eliminate about $430 billion of the $1.6 trillion in outstanding student debt and that over 40 million people were eligible to benefit. The plan, announced in August, calls for forgiving up to $10,000 in student loan debt for borrowers making less than $125,000 per year, or $250,000 for married couples.
WILMINGTON, Del, Nov 11 (Reuters) - Elon Musk has taken on Detroit's automakers, short-sellers and securities regulators. Next week, the Tesla (TSLA.O) chief executive is set to square off in court against an unlikely foe - a thrash metal drummer who hopes to strip Musk of his $56 billion pay. Tornetta sued Musk and the Tesla board on behalf of the company in what is known as a shareholder derivative lawsuit. The pay package was widely criticized and California's teachers retirement system known as CalSTRS was among the investors who voted against it. The disputed pay package allows Musk to buy 1% of Tesla's stock at a deep discount each time escalating performance and financial targets are met; otherwise Musk gets nothing.
Companies Trump Organization Inc FollowNov 10 (Reuters) - Former President Donald Trump was aware of allegedly illegal tax practices at his namesake real estate company, a senior executive indicated in testimony on Thursday during the Trump Organization's criminal trial on charges of tax fraud. McConney was given immunity from prosecution in exchange for testifying, and remains employed by the Trump Organization. Asked whether he helped people evade tax, McConney said, "Evade is a very strong word. McConney said a former general counsel, Jason Greenblatt, received bonuses as non-employee compensation until 2011 when the company's accountant told McConney to stop. McConney also identified Trump's initials on a memo concerning the reduction of Trump Organization executive Matthew Calamari's salary by $72,000, reflecting rent for his apartment.
Chief Justice John Roberts effectively paused the dispute on Nov. 1, preventing the committee from obtaining Trump's returns while the court considered the matter. House Democrats have said they need to see Trump's tax returns to assess whether the Internal Revenue Service (IRS) is properly auditing presidential returns and to gauge whether new legislation is needed. The committee in its request invoked a federal law that empowers its chairman to seek any person's tax returns from the IRS. U.S. District Judge Trevor McFadden, a Trump appointee, sided with Congress in December 2021 and threw out the challenge, finding that the committee holds broad authority over a former president's tax returns. "A long line of Supreme Court cases requires great deference to facially valid congressional inquiries.
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