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Nov 4 (Reuters) - Fox Corp (FOXA.O) said an arbitrator on Friday reaffirmed its right to acquire a nearly one-fifth stake in FanDuel, settling a longstanding dispute with the betting app's owner, Flutter Entertainment Plc (FLTRF.L). The New York-based Judicial Arbitration and Mediation Services also settled a dispute over the price to exercise that option. Fox has a 10-year option to acquire an 18.6% stake of FanDuel for $3.7 billion. In April 2021, Fox filed its lawsuit against the Irish gaming company, seeking to secure its option to buy an stake in the market-leading FanDuel app. The arbitrator Friday settled on an option price based on a $20 billion valuation for FanDuel.
Nov 4 (Reuters) - Fox Corp (FOXA.O) said an arbitration court on Friday reaffirmed its right to acquire a nearly one-fifth stake in FanDuel, settling a longstanding dispute with the betting app's parent company, Flutter Entertainment Plc (FLTRF.L). The court also settled a dispute over the price to exercise that option. Fox has a 10-year option to acquire an 18.6% stake of FanDuel for $3.7 billion. Reporting by Dawn Chmielewski; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
The justices took up Amgen's appeal of the lower court ruling that threw out the Repatha patents. Amgen and other drugmakers have called the case a test of their ability to earn and defend patents for important drugs. Amgen first sued Regeneron and Sanofi in 2014 over their rival drug Praluent, which works by a similar mechanism as Repatha. Thousand Oaks, California-based Amgen sold more than $1.1 billion worth of Repatha worldwide last year. Regeneron sold $170 million worth of Praluent in the United States last year, and Sanofi sold over $200 million worth in the rest of the world.
[1/2] The U.S. Supreme Court building is seen in Washington, U.S., June 26, 2022. The Senate has the authority to confirm a president's nominees to the federal judiciary including the Supreme Court. Biden's Republican predecessor Donald Trump put a major emphasis on getting judicial nominations confirmed as he worked to move the judiciary rightward. If Democrats retain control, Biden has a chance to match or surpass Trump's mark of having 234 judicial nominees confirmed over four years. Circuit courts are the regional federal appellate courts one step below the Supreme Court.
Nov 4 (Reuters) - Twitter was sued over Elon Musk's plan to lay off about half of its workforce, Bloomberg News reported on Friday, citing a class-action lawsuit filed in a San Francisco federal court. Twitter employees say the company is eliminating workers without enough notice in violation of federal and California law, the report said. Reporting by Shivani Tanna in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.
Nov 3 (Reuters) - A state court in Washington has temporarily blocked Albertsons Companies Inc (ACI.N) from paying a $4 billion dividend to shareholders before the grocery chain closes its proposed deal with rival Kroger Co (KR.N), documents filed said on Thursday. Kroger Co (KR.N) snapped up Albertsons in a $25 billion deal in last month's mega merger between the No. "By eliminating its cash-on-hand and nearly doubling its debt, Albertsons will be in a weakened competitive position relative to Kroger, thereby harming grocery consumers and workers throughout Washington," State Court Commissioner Henry Judson wrote in issuing the temporary restraining order. Washington State Attorney General Bob Ferguson called the temporary order a "huge victory". In its statement, Albertsons said on Thursday the court order was based on the "incorrect assertion" that the dividend payout would weaken its competitiveness while antitrust agencies review the proposed merger.
Nov 3 (Reuters) - Washington's King County court has granted a nationwide temporary restraining order, blocking grocery chain Albertsons Companies Inc's (ACI.N) $4 billion dividend payment, State Attorney General Bob Ferguson tweeted on Thursday. loading"We'll be back in court Nov. 10 seeking an injunction to keep the dividend on hold while our lawsuit continues," Ferguson said in a tweet. Supermarket operator Kroger Co (KR.N) snapped up Albertsons in a $25 billion deal last month, to better compete against U.S. grocery industry leader Walmart Inc on prices. Ferguson filed a lawsuit on Tuesday to block Albertsons from paying dividends to shareholders before closure of its proposed merger with Kroger. The attorneys general of Washington D.C., California and Illinois also filed a lawsuit on Wednesday in a federal court seeking to block the dividend payment alleging that the proposed dividend was in violation of federal and state antitrust laws by rendering Albertsons less able to compete effectively with other supermarkets.
In October a federal judge sentenced the 68-year-old political strategist to four months in prison. The judge, who also fined him $6,500, allowed him to defer serving his sentence while he pursued appeals. Bannon, who served as Trump's chief White House strategist in 2017, helped articulate the "America First" populism and stout opposition to immigration that in part defined Trump's presidency. Bannon has also played an instrumental role in conservative media and has promoted right-wing causes and candidates in the United States and abroad. Reporting by Dan Whitcomb Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Barrack was also acquitted of obstruction of justice and making false statements to FBI agents in 2019 about his interactions with Emirati officials and their representatives. Barrack raised money for Trump during the 2016 campaign and chaired Trump's 2017 inaugural committee. Also receiving a pardon was Paul Manafort, Trump's 2016 campaign chairman, who had been found guilty in 2018 of financial wrongdoing and sentenced to 7-1/2 years in prison. During his testimony, Barrack told jurors he never agreed to be a UAE agent or asked Trump for a pardon. Barrack's lawyers acknowledged that he sometimes sought feedback from Emirati officials, but that any impact on U.S. policy or public opinion was insignificant.
Nov 3 (Reuters) - An Indiana doctor who performed an abortion on a 10-year-old Ohio rape victim sued Indiana's attorney general on Thursday, demanding an end to investigations seeking medical records about patients and their abortions. An Ohio man has been indicted for raping the girl and is due to go on trial early next year. The girl was referred to Bernard because the Supreme Court ruling triggered a strict Ohio law barring her from an in-state abortion. "The Attorney General and the Director will continue to initiate sham investigations of Plaintiffs unless enjoined by the Court," said the lawsuit filed in Marion Superior Court. Besides the case involving the 10-year-old girl, subpoenas were issued in a separate complaint involving Caldwell, Bernard's medical partner.
Nov 3 (Reuters) - U.S. Supreme Court Justice Sonia Sotomayor on Thursday rejected a bid by a businessman to block his extradition to South Korea to face embezzlement charges that stemmed from a 2014 ferry sinking that killed 304 people. He also is known as Keith Yoo. Sotomayor is the justice assigned to review emergency appeals from a group of states that include New York, where Yoo's extradition case had been pending. "We are disappointed the Supreme Court denied our motion to stay Keith Yoo's extradition pending resolution of his appeal," his lawyer Shawn Naunton said in a statement. Yoo's lawyers had argued that the U.S. State Department - not judges - should decide whether South Korea waited too long to seek Yoo's extradition under its 1998 treaty with the United States.
Companies SolarWinds Corp FollowNov 3 (Reuters) - The U.S. Securities and Exchange Commission has recommended an enforcement action against SolarWinds Corp (SWI.N) over its public statements on cybersecurity and procedures governing such disclosures, the software firm said on Thursday. SolarWinds said Thursday it had received a Wells notice from the SEC alleging the company violated U.S. securities law "with respect to its cybersecurity disclosures and public statements, as well as its internal controls and disclosure controls and procedures." SolarWinds said it will respond to the notice, and "maintains that its disclosures, public statements, controls and procedures were appropriate." Investors sued SolarWinds in 2021, alleging the company and two executives touted cybersecurity measures publicly while prioritizing cost cutting and profit for SolarWinds' two largest investors. The case is Bremer v. SolarWinds Corp et al., No.
REUTERS/Andrew Kelly/Companies Trump Organization Inc FollowNEW YORK, Nov 3 (Reuters) - A New York judge on Thursday ordered that an independent watchdog be appointed to oversee the Trump Organization before a civil fraud case by the state's attorney general against Donald Trump's company goes to trial. Last month, James asked the Manhattan-based judge to appoint an independent monitor to halt ongoing fraud at the company and keep the Trumps from transferring assets out of her reach. In a statement, the Trump Organization objected to "political persecution" by James, a Democrat, ahead of the Nov. 8 midterm elections. He said James had no legal authority to challenge how Trump valued his properties, calling it a private matter between Trump's company and its lenders and insurers. The Trump Organization manages hotels, golf courses and other real estate around the world.
Companies Teva Pharmaceutical Industries Ltd FollowNov 3 (Reuters) - Teva Pharmaceuticals (TEVA.TA) will pay up to $4.2 billion in the United States to settle claims related to its role in fueling the country's opioid crisis, New York Attorney General Letitia James said on Thursday. The company will pay $523 million to New York state to settle claims in the state, James said. Reporting by Leroy Leo in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
CompaniesCompanies Law firms Telefonaktiebolaget LM Ericsson FollowVonage Holdings Corp FollowWASHINGTON, Nov 3 (Reuters) - Communications firm Vonage agreed to pay $100 million to resolve a Federal Trade Commission (FTC) lawsuit that alleged it had failed to provide a simple method for customers to cancel their telephone services, court documents filed Thursday show. Vonage, which was acquired by Ericsson (ERICb.ST) earlier this year in a $6.2 billion deal, had employed hurdles to deter and prevent customers from stopping recurring charges, the FTC said in filing a lawsuit and proposed settlement in U.S. District Court in New Jersey. Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.
But the door knockers didn't explain where to vote or promote a candidate, the usual work of canvassers ahead of a big election. At another, they listed names of registered voters and demanded to know if they still lived at the address. In at least one state, Michigan, they plan to use their list of alleged irregularities to challenge voters in the Nov. 8 election. Reuters identified at least 23 state-wide or local efforts where canvassers may have crossed the line into intimidation, according to election officials and voting rights lawyers. This August, people affiliated with USEIP were also canvassing in La Plata County, according to the county clerk.
[1/3] Tom Barrack watches jury selection in a courtroom sketch in New York City, U.S. September 19, 2022. Tom Barrack, a private equity executive and onetime fundraiser for former President Donald Trump is charged with acting as a foreign agent without notifying the U.S. government as required. Barrack, 75, is also accused of obstruction of justice and making false statements to FBI agents in 2019 about his interactions with Emirati officials and their representatives. Barrack testified in his own defense during the trial, telling jurors he never agreed to be a UAE agent. Sam Nitze, a prosecutor, countered in a rebuttal that Emirati officials were "thrilled" at Barrack's comments about the country and its leaders during television interviews.
A lawyer for CBS, now known as Paramount Global (PARA.O), said the company has tentatively agreed to pay $7.25 million and Moonves would pay $2.5 million to shareholders. Neither the company nor Moonves will admit wrongdoing as part of the settlement. Lawyers for CBS, Moonves and the shareholders did not immediately respond to requests for comment. CBS and Moonves agreed in April to pay $14.75 million to settle the shareholder case, which alleged they initially hid the misconduct allegations while publicly supporting the #MeToo movement. In December 2018, CBS said it had fired Moonves for cause and withheld his $120 million severance package.
NEW YORK, Nov 2 (Reuters) - Donald Trump and his namesake company have settled a lawsuit by protesters who said his security guards violently attacked them while they were demonstrating outside Trump Tower in September 2015 over his statements about immigration. Trump, the Trump Organization and the plaintiffs agreed to dismiss the seven-year-old lawsuit over the alleged assault in a joint filing on Wednesday with a New York state court in the Bronx. The Sept. 3, 2015, incident at Trump Tower in midtown Manhattan occurred 2-1/2 months after Trump, while announcing his first White House run, complained about immigrants being sent to the United States by Mexico. "They're bringing drugs, they're bringing crime, they're rapists," Trump said. Like some other lawsuits against Trump, the protesters' case was delayed in part because Trump was president.
He argues that even when his interests aligned with the UAE's, he was acting on his own accord and not subject to Abu Dhabi's direction. Barrack's lawyers did not dispute that he had been in touch with Emirati officials and occasionally sought their feedback, but they said any impact on U.S. policy or public opinion was insignificant. Sam Nitze, a prosecutor, countered in a rebuttal that Emirati officials were "thrilled" at Barrack's comments about the country and its leaders during television interviews. He said the law was designed to make sure the U.S. government knew when someone was acting as a "mouthpiece" for a foreign government. Reporting by Luc Cohen in New York, Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.
Nov 1 (Reuters) - A federal judge on Tuesday issued a temporary restraining order against an Arizona group being sued over voter intimidation, banning members from coming within 75 feet of a ballot drop box, following voters or harassing them. The lawsuit was filed last week after two people were seen wearing military gear and allegedly carrying weapons while monitoring a drop box in Maricopa County, Arizona. In his order on Tuesday, Liburdi said the group and its representatives were also banned from speaking to or yelling at voters unless they were spoken to or yelled at first. He also forbade them from openly carrying firearms wtihin 250 feet of a ballot drop box. He also ordered the group to post on the conservative Truth Social website and social media platform a statement that it is not always illegal to drop multiple ballots at a drop-box.
Nov 2 (Reuters) - A Florida judge was due to formally sentence Nikolas Cruz, the man who killed 17 students and staff with a semi-automatic rifle at a school in Parkland, to life in prison on Wednesday. A jury voted last month to spare Cruz, 24, the death penalty, instead choosing life in prison without possibility of parole for one of the deadliest mass shootings in U.S. history. Cruz pleaded guilty last year to premeditated murder, then faced the three-month penalty trial earlier this year. A number of victims' relatives castigated the jury's decision and criticized a state law requirement that all 12 jurors be unanimous in order to sentence a convicted person to be executed. Many victims' relatives directly addressed Cruz, who sat inscrutable behind large spectacles and a COVID-19 mask at a table alongside his public defenders.
Nov 1 (Reuters) - FedEx Corp (FDX.N) said it would ask a federal judge in Texas to throw out or reduce a jury's $366 million damages award to a Black former employee who accused the company of disciplining and firing her after she complained about racial discrimination. In a regulatory filing on Tuesday, FedEx said it was expecting the Oct. 25 award by a Houston jury to Jennifer Harris of $1.16 million in compensatory damages and $365 million in punitive damages to be reduced. The package delivery company said that under U.S. Supreme Court precedent, punitive damages are normally capped at less than 10 times compensatory damages, with a multiple closer to one being appropriate when compensatory damages are substantial. FedEx said it believed any payout up to $75 million would be covered by insurance, subject to a $10 million retention. She said she later reported discrimination by her supervisor to FedEx's human resources department, leading to a letter complaining about her "unacceptable performance," a written warning, and her termination in January 2020.
Nov 1 (Reuters) - Dollar General Corp (DG.N), one of the largest U.S. discount retailers, was sued on Tuesday by Ohio, which accused the company of charging shoppers more at the register than it advertised on store shelves. Dave Yost, the state's attorney general, said Ohio lets stores have error rates on overcharges as high as 2% but that testing last month at 20 Dollar General stores found error rates ranging from 16.7% to 88.2%. "This seems like a company trying to make an extra buck and hoping no one will notice," Yost said in a statement. Dollar General did not immediately respond to a request for comment. Reporting by Jonathan Stempel in New York; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.
Graham had appealed to the Supreme Court after the Atlanta-based 11th U.S. 'UNIQUE KNOWLEDGE'Prosecutors sought Graham's testimony about phone calls he made to Georgia election officials in the weeks after Trump, a Republican, lost the election to Democrat Joe Biden. Graham has "unique knowledge" regarding communications "involved in the multi-state, coordinated efforts to influence the results of the November 2020 election in Georgia and elsewhere," the prosecutors added. During the phone call, Trump urged Raffensperger to "find" enough votes to overturn his Georgia loss to Biden. Legal experts have said Trump's phone calls may have violated at least three Georgia election laws: conspiracy to commit election fraud, criminal solicitation to commit election fraud and intentional interference with performance of election duties.
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