DIRS.INFO The most relevant business & tech news

Companies Robinhood Markets Inc FollowMay 3 (Reuters) - Massachusetts' highest court on Wednesday heard arguments on whether to revive a state fiduciary duty rule that was central to an enforcement action securities regulators filed against the online brokerage Robinhood. Lawyers for a Robinhood Markets Inc (HOOD.O) subsidiary and Massachusetts Secretary of State Bill Galvin argued before the state's Supreme Judicial Court over the legality of a 2020 state regulation, which Robinhood has said oversteps Galvin's authority. He argued that Robinhood violated the rule he adopted that raised the investment-advice standard for brokers and that its broker-dealer license in the state should be revoked. "Secretary Galvin feels strongly in the need to apply fiduciary duty standards to financial professionals," a spokesperson said. "The Robinhood case is the perfect example of the need for such a rule in Massachusetts."

Companies Warner Music Group Corp FollowNEW YORK, May 3 (Reuters) - A jury will now decide whether British singer-songwriter Ed Sheeran ripped off Marvin Gaye's "Let's Get It On" after hearing closing arguments on Wednesday in a week-long copyright trial. Townsend's heirs in 2017 sued Sheeran, his label Warner Music Group (WMG.O) and his music publisher Sony Music Publishing, claiming infringement of their copyright interest in the Gaye song. Sheeran and his co-writer, Amy Wadge, both testified during the trial that they did not copy "Let's Get It On." Sheeran said he had only passing familiarity with the song and that "Thinking Out Loud" was inspired by Irish musician Van Morrison. Sheeran won a trial in London last year in a separate copyright case over his hit "Shape of You."

"They independently created 'Thinking Out Loud,'" Farkas said. Farkas told the jury that these were "basic musical building blocks" that no one owns. A lawyer for the heirs was expected to give a closing argument to the jury later in the afternoon. Sheeran won a trial in London last year in a separate copyright case over his hit "Shape of You." Gaye's heirs in 2015 won a lawsuit claiming the Robin Thicke and Pharrell Williams song "Blurred Lines" copied Gaye's "Got to Give It Up."

☆ US criminal justice alliance seeks to erase 'trial penalty'
▼ + stars: | 2023-05-03 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +4 min

The effort is complicated by the U.S. criminal justice system's diffuse nature, with local, state and federal courts. Defendants who plead guilty typically get credit for accepting responsibility for their crimes and spend less time in prison. Criminal justice advocates point to a downside. Defendants who plead guilty are not given access to all evidence against them and their appeal rights are limited. The National Registry of Exonerations, which collects information about exonerations of innocent criminal defendants, has tracked 3,300 exonerations since 1989.

The case could have broader implications for assets that do not fit in to existing regulations preventing investment advisers, brokers and others from trading on material nonpublic information, legal experts have said. "You can't hold Nate to a standard that didn't exist," his lawyer Daniel Filor told jurors in his closing argument on Monday. "Nobody told Nate that he couldn't use or share that information." Prosecutor Allison Nichols said Chastain used anonymous OpenSea accounts to make the illegal trades, showing he knew what he was doing was wrong. "He hid what he was doing," Nichols told the jury in her rebuttal argument.

May 2 (Reuters) - A court in Utah has stopped the state's Republican-dominated government from enforcing a new law that would effectively end abortions by making it impossible to get a license for a clinic where they are performed. Judge Andrew H. Stone of the Third District Court of the state of Utah ruled on Tuesday that abortion rights group Planned Parenthood, which had sued to block the law, was likely to prevail in its argument that the law is not reasonable. Planned Parenthood said the measure, which would eliminate the licensing process for abortion clinics and thus effectively make it impossible to get an abortion anywhere but in a hospital, violated the state constitution's rights to privacy and bodily integrity. Stone last year issued a preliminary order preventing the state from enforcing an earlier abortion ban while he hears a legal challenge by Planned Parenthood. Reporting by Sharon Bernstein; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Companies Peloton Interactive Inc FollowNEW YORK, May 2 (Reuters) - A U.S. judge on Tuesday refused to let Peloton Interactive Inc (PTON.O) customers pursue a class action accusing the bike and treadmill maker of misleading them about the "ever-growing" size of its library of on-demand fitness classes. The decision is a victory for New York-based Peloton, because class actions can allow for greater recoveries at lower cost than when plaintiffs sue individually. According to the customers, Peloton knew this could happen, yet kept charging full price for products containing copyrighted songs by Adele, Beyoncé, Luke Bryan, Drake, Ariana Grande, Madonna, Justin Timberlake, Jay Z and other artists. Peloton settled the licensing lawsuit by the National Music Publishers' Association and 14 members in February 2020. The case is Passman et al v Peloton Interactive Inc, U.S. District Court, Southern District of New York, No.

May 2 (Reuters) - A lawyer for a Florida prosecutor on Tuesday urged a federal appeals court to reinstate his client after the state's Republican governor, Ron DeSantis, indefinitely suspended him over his pledge not to prosecute people seeking or providing abortions. "This governor punishes dissenting voices," David A. O'Neil, a lawyer for suspended prosecutor Andrew Warren, told a three-judge panel of the 11th U.S. Henry Whitaker, a lawyer in the Florida Attorney General's office representing DeSantis, said Warren was suspended for his conduct of refusing to enforce the law, not for his speech. Whitaker urged the court to uphold a January ruling in favor of DeSantis by U.S. District Judge Robert Hinkle. Warren, who won re-election in 2020 as the Hillsborough County state attorney, sued DeSantis last August.

Search resuls for: "Us Senate Confirms Ex-Prosecutors To New Jersey Federal Court"

8 mentions found