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A Tesla Model 3 vehicle drives on autopilot along the 405 highway in Westminster, California, U.S., March 16, 2022. The ruling marks a significant victory for Tesla, as it means the company will not have to face class action claims on behalf of much larger groups of vehicle owners. A fifth plaintiff who did not sign an arbitration agreement waited too long to sue, Gilliam ruled in dismissing that plaintiff's claims. The company moved to send the claims to arbitration, citing the plaintiffs' acceptance of the arbitration agreement. Gilliam on Saturday rejected claims by the plaintiffs that the agreements signed by four of the plaintiffs were unenforceable.

Persons: Mike Blake, Tesla, District Judge Haywood Gilliam, Gilliam, plaintiff's, Daniel Wiessner, Alexia Garamfalvi, Deepa Babington Organizations: Tesla, REUTERS, Tesla Inc, U.S, District, Thomson Locations: Westminster , California, U.S, California, Los Angeles, Albany , New York

Circuit Court of Appeals on a 2-1 vote granted a request by Edward Blum's American Alliance for Equal Rights to temporarily block Fearless Fund from considering applications for grants only from businesses led by Black women. Blum's group asked the court to do so while it appealed a judge's Tuesday ruling denying it a preliminary injunction blocking Fearless Fund from moving forward with its "racially exclusive program." Fearless Fund did not immediately respond to requests for comment. According to the Fearless Fund, businesses owned by Black women in 2022 received less than 1% of the $288 billion that venture capital firms deployed. It also provides grants, and Blum's lawsuit took aim at its Fearless Strivers Grant Contest, which awards Black women who own small businesses $20,000 in grants and other resources to grow their businesses.

Persons: Ben Crump, Arian Simone, Ayana Parsons, Mylan Denerstein, Alphonso David, Eduardo Munoz, Edward Blum's, Blum's, Grant, Robert Luck, Andrew Brasher, Thomas, Donald Trump, Blum, JPMorgan Chase, Strivers, Nate Raymond, Alexia Garamfalvi, Andrea Ricci Organizations: Fund, REUTERS, Supreme, Circuit, Edward Blum's American Alliance for Equal Rights, U.S, District, American Alliance for Equal Rights, Harvard University, University of North, JPMorgan, Bank of America, MasterCard, Thomson Locations: New York, U.S, Atlanta, Texas, University of North Carolina, Black, Boston

U.S. President Joe Biden delivers remarks on Social Security and Medicare at the University of Tampa in Tampa, Florida, U.S. February 9, 2023. The ruling is the first to come from multiple lawsuits by drug companies and industry groups challenging the program. The drug price negotiation program is part of the Inflation Reduction Act, which Biden, a Democrat, signed last year. The Biden administration has repeatedly said there is nothing in the Constitution that prohibits drug price negotiations. Many other countries already negotiate drug prices.

Persons: Joe Biden, Jonathan Ernst, vindicating, Joe Biden's, Michael Newman, Biden, drugmakers, Newman, Karine Jean, Pierre, Donald Trump, Johnson, Januvia, Bristol Myers, Boehringer, Brendan Pierson, Nate Raymond, Costas Pitas, Alexia Garamfalvi, Bill Berkrot, Chris Reese, Leslie Adler Organizations: Social Security, University of Tampa, REUTERS, U.S, District, U.S . Chamber of Commerce, Medicare, Commerce, U.S . Justice, Republicans, Big Pharma, Republican, U.S . Centers, Medicaid Service, CMS, Bristol Myers Squibb, Pfizer, Johnson, Merck, Co's, Pharmaceutical Research, Manufacturers of America, Companies, Thomson Locations: Tampa , Florida, U.S, Dayton , Ohio, New York, Boston

Pedestrians pass the James R. Browning U.S. Court of Appeals Building, home of the 9th U.S. On Tuesday afternoon, the court plans to hear arguments regarding President Donald Trump's temporary travel ban on people from seven Muslim-majority countries. ... Acquire Licensing Rights Read moreLaw Firms Idaho Law Group FollowSept 29 (Reuters) - Idaho can fully enforce its near-total abortion ban after a U.S. appeals court lifted a lower court order that had partially blocked it. Idaho in 2020 passed a so-called "trigger" law that would ban abortion if the U.S. Supreme Court overturned Roe v. Wade, the landmark decision that had established a right to abortion nationwide. Democratic President Joe Biden's administration sued Idaho in August, saying the state ban conflicted with the Emergency Medical Treatment and Labor Act (EMTALA), a federal law requiring hospitals to "stabilize" patients with emergency medical conditions.

Persons: James R, Donald Trump's, Donald Trump, Raúl Labrador, Roe, Wade, Joe Biden's, James Wesley Hendrix, Lawrence VanDyke, Brendan Pierson, Alexia Garamfalvi, David Gregorio Our Organizations: Browning U.S, U.S, Circuit, Appeals, Firms, Republican, Donald Trump . Idaho, U.S . Department of Justice, Supreme, Democratic, Idaho, Labor, District, Thomson Locations: San Francisco , California, Firms Idaho, Idaho, San Francisco, U.S, New York

Tesla has failed to investigate complaints of racist conduct and has fired or otherwise retaliated against workers who reported harassment, the EEOC said in the lawsuit. The lawsuit adds federal charges to discrimination claims by the state of California and lawsuits by Tesla employees. It follows the breakdown of settlement talks with the EEOC after Tesla announced that the agency had formally raised its concerns last year. The department alleges that Tesla discriminated against Black workers when making decisions about pay, promotions and work assignments. Tesla is also facing a class action lawsuit in California state court over the alleged mistreatment of Black factory workers.

Persons: Tesla, Charlotte Burrows, Stephen Lam, Burrows, ”, Owen Diaz, Diaz, Black, Daniel Wiessner, Leslie Adler, Daniel Wallis, Alexia Garamfalvi, Aurora Ellis Organizations: Tesla, U.S, Tesla Inc, Opportunity Commission, Motorists, REUTERS, California Civil Rights Department, Thomson Locations: Fremont , California, U.S, California, Fremont, Black, Albany , New York

An election official hands a ballot to a voter at a polling station in Ridgeland, Mississippi, U.S., November 27, 2018. A spokesperson for the office of Mississippi Attorney General Lynn Fitch did not immediately respond to requests for comment. Circuit Judge Carolyn Dineen King in reversing a lower-court judge's ruling. Circuit Judge Edith Jones, an appointee of former Republican President Ronald Reagan, was also on the panel and had dissented. Twelve of the 16 currently active judges on the court were appointed by Republicans.

Persons: Jonathan Bachman, Jonathan Youngwood, Lynn Fitch, James Dennis, Dennis, Carolyn Dineen King, Edith Jones, Ronald Reagan, Brendan Pierson, Alexia Garamfalvi Organizations: REUTERS, U.S, Circuit, U.S ., Democratic, Republicans, Thomson Locations: Ridgeland , Mississippi, U.S, Mississippi's, Mississippi, U.S . Civil, New York

Sept 28 (Reuters) - Yelp Inc (YELP.N) is asking a federal court to stop Texas Attorney General Ken Paxton from suing it over notices telling its users that crisis pregnancy centers do not provide abortions or referrals for abortions. Crisis pregnancy centers offer pregnant women counseling while seeking to prevent them from having abortions. In August 2022, Yelp began posting a notice on crisis pregnancy centers' pages stating that they "typically provide limited medical services and may not have licensed medical professionals onsite." The company said in the complaint that it posted the notices to prevent users from being misled by crisis pregnancy centers that deliberately targeted women seeking abortions. In February, in response to a complaint by Paxton, the company changed the notices to state that crisis pregnancy centers "do not offer abortions or referrals to abortion providers."

Persons: Ken Paxton, Paxton, Yelp, Paxton's, Brendan Pierson, Alexia Garamfalvi, Bill Berkrot Organizations: Yelp, Republican, U.S, Thomson Locations: Texas, San Francisco, California, New York

Tipton, an appointee of Republican former President Donald Trump, blocked the Biden administration from enforcing the $15 minimum wage in Texas, Louisiana and Mississippi, states that last year filed a lawsuit challenging the executive order. The minimum wage under federal law is $7.25 an hour, though many states set higher minimums. Four states and several cities have a minimum wage of at least $15. Only Congress can set minimum wages and adopt other employment policies unless it specifically grants those powers to federal agencies, Tipton wrote. In January, a federal judge in Arizona dismissed a similar challenge to Biden's executive order by five other Republican-led states.

Persons: Joe Biden, Evelyn Hockstein, Drew Tipton, Donald Trump, Biden, Tipton, Lynn Fitch, Daniel Wiessner, Will Dunham, Alexia Garamfalvi Organizations: Moffett Federal, REUTERS, District, Democratic, Republican, U.S, Supreme, Thomson Locations: Mountain View , California, U.S, Texas, Victoria, Tipton, Texas , Louisiana, Mississippi, Arizona, Albany , New York

☆ US judge refuses to overturn Exxon permit denial to truck crude oil in California
▼ + stars: | 2023-09-27 | by ( Clark Mindock | ) www.reuters.com time to read: +3 min

REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsCompanies Exxon Mobil Corp FollowSept 27 (Reuters) - A U.S. judge on Wednesday refused to overturn a California county's decision to block Exxon Mobil Corp (XOM.N) from using tanker trucks to ship crude oil from coastal facilities to inland refineries while a ruptured pipeline is fixed. The company has said trucks are "essential" to restarting three offshore oil platforms and an onshore oil processing facility that have been shuttered since the spill. Gee's decision did not address Exxon's claims that the board's decision amounted to an unconstitutional taking of the company's property and other constitutional claims. Attorney Linda Kropp, who represented several of those groups, said Exxon's trucking plan is "reckless, dangerous and totally unwelcome" and said it puts the community at risk of oil tanker crashes. Exxon had sued in May 2022, alleging the board's denial was a "prejudicial abuse of discretion."

Persons: Yuri Gripas, Dolly Gee, Exxon's, Gee, Linda Kropp, Clark Mindock, Alexia Garamfalvi, Chris Reese Organizations: Exxon, Colonial Pipeline, REUTERS, Companies Exxon Mobil Corp, Exxon Mobil Corp, Santa Barbara County, Supervisors, Sierra Club, Thomson Locations: Washington , U.S, U.S, California, Los Angeles, Santa, Santa Barbara

Abortion rights protesters gather for a rally in Columbus, Ohio, after the United States Supreme Court ruled in the Dobbs v Women's Health Organization abortion case, overturning the landmark Roe v Wade abortion decision, June 24, 2022. The law took effect after the U.S. Supreme Court last year overturned its landmark Roe v. Wade ruling that had guaranteed abortion rights nationwide. Ohio Solicitor General Benjamin Flowers at arguments on Wednesday asked the Supreme Court of Ohio to reverse a preliminary order blocking the law. Jessie Hill, a lawyer for abortion providers challenging the law, said that "longstanding, well-established rules" in Ohio bar the state from appealing preliminary orders before final judgment. Ohioans will vote in November on a referendum that would explicitly add a right to abortion to the state constitution.

Persons: Wade, Megan Jelinger, Mike DeWine, Benjamin Flowers, Flowers, Jessie Hill, Hill, Ohioans, Brendan Pierson, Alexia Garamfalvi, Aurora Ellis Organizations: United States Supreme, Women's Health Organization, REUTERS, Wednesday, Ohio Supreme, Republican, U.S, Supreme, Voters, Thomson Locations: Columbus , Ohio, Dobbs, Ohio, Cincinnati, New York

Cain's Sept. 22 order had been celebrated by the oil and gas industry, which had sued in August alongside the state of Louisiana over an earlier decision by the Interior Department to scale back the auction. Representatives for the Interior Department, environmental groups, the Louisiana attorney general's office and the American Petroleum Institute did not immediately respond to requests for comment. The Interior Department finalized plans for a reduced lease sale in August, after last year's Inflation Reduction Act mandated the auction move forward. The sale made about 67 million acres in the Gulf available for bids. Those groups had claimed the whales can be harmed or killed by oil spills, vessel strikes, noise, marine debris and other impacts of oil and gas exploration and development.

Persons: Biden, James Cain's, Joe Biden, Nichola Groom, Clark Mindock, Sandra Maler, Alexia Garamfalvi, Richard Chang Organizations: Chevron Corp, Monday, Circuit, U.S . Interior Department, Interior Department, U.S, District, of Ocean Energy Management, American Petroleum Institute, Democratic, Thomson Locations: Gulf of Mexico, New Orleans, Louisiana, U.S

U.S. District Judge Thomas Thrash during a hearing denied a request by Edward Blum's American Alliance for Equal Rights for a preliminary injunction blocking Fearless Fund from considering applications for grants only from businesses led by Black women. Blum's group had asked the judge to temporarily block the Fearless Fund's "racially exclusive program" while the court considered the merits of the case. Fearless Fund founders Arian Simone and Ayana Parsons in a joint statement said they were pleased that Thrash rejected Blum's attempt to shut down their grant program. According to the Fearless Fund, businesses owned by Black women in 2022 received less than 1% of the $288 billion that venture capital firms deployed. It also provides grants, and Blum's lawsuit took aim at its Fearless Strivers Grant Contest, which awards Black women who own small businesses $20,000 in grants and other resources to grow their businesses.

Persons: Edward Blum, Thomas, Edward Blum's, Blum, Arian Simone, Ayana Parsons, Simone, Parsons, JPMorgan Chase, Strivers, Nate Raymond, Will Dunham, Alexia Garamfalvi Organizations: Fair, Harvard University, Supreme, U.S, District, Edward Blum's American Alliance for Equal Rights, Circuit, Appeals, University of North, JPMorgan, Bank of America, MasterCard, U.S ., Thomson Locations: Atlanta, Texas, University of North Carolina, Black, U.S . Civil, Boston

Those lawsuits accuse all three of violating Section 1981 of the 1866 Civil Rights Act, a law enacted after the Civil War that guarantees all people the same right to make and enforce contracts "as is enjoyed by white citizens." "All of our nation's civil rights laws - including the 1866 Civil Rights Act - enshrine the command that someone's race and ethnicity must never be used to help or harm them in public and private employment and contracting," Blum, who is white, told Reuters in an email. FREE SPEECH ARGUMENTFearless Fund has brought in prominent lawyers to defend it, including civil rights attorneys Ben Crump and Alphonso David, who during a news conference called Blum's use of the Civil War-era law "cynical." They argue that the rules for the grants are merely criteria for being eligible for a "discretionary gift" and do not create a "contract" subject to the civil rights law. Blum's group countered that Fearless Fund's argument would ironically undermine the very causes it favors by essentially invalidating Section 1981 and deeming racial discrimination protected by the First Amendment.

Persons: Edward Blum, Morrison, Foerster, Edward Blum's, Thomas, Fearless Fund's, Bill Clinton, Blum, Sarah Hinger, Hinger, Keshia Knight Pulliam, Arian Simone, Ayana Parsons, Blum's, Strivers, Ben Crump, Alphonso David, Nate Raymond, Alexia Garamfalvi, Will Dunham Organizations: Fair, Harvard University, Supreme, Edward Blum's American Alliance for Equal Rights, University of North, U.S, District, Democratic, Reuters, American Civil, Racial, Thomson Locations: Boston , Massachusetts, U.S, University of North Carolina, Atlanta, Black, Blum's Texas, Colorado, Boston

Sept 20 (Reuters) - AstraZeneca Pharmaceuticals LP (AZN.L) has been sued in the U.S. by a former senior director who claims the drugmaker refused to pay her nearly $130,000 in promised bonuses and stock options because she worked from home full-time. AstraZeneca, which is based in London and has U.S. headquarters in Delaware, did not immediately respond to a request for comment. The lawsuit claims AstraZeneca gave no prior notice that it would condition bonuses on whether employees reported to the office. Bodes accused AstraZeneca of breach of contract and failure to pay wages in violation of South Carolina law. She is seeking to recoup the money she claims she is owed along with other damages.

Persons: Elmarie Bodes, AstraZeneca, Bodes, Daniel Wiessner, Alexia Garamfalvi, Matthew Lewis Organizations: AstraZeneca Pharmaceuticals, AstraZeneca, Companies, South, Thomson Locations: U.S, South Carolina, London, Delaware, California, Albany , New York

☆ Bankrupt trucking company Yellow eyes October sale of vehicle fleet
▼ + stars: | 2023-09-15 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

The freight shipping company, which went bankrupt in August after a protracted labor dispute, owns approximately 12,000 trucks and 35,000 trailers, according to its bankruptcy court filings. Yellow intends to conduct an auction for the vehicles by Oct 18 and seek court approval for the vehicle sale on Oct. 27. The company is taking a longer time to sell its real estate assets, despite having a $1.525 billion offer in hand from rival shipping company Estes Express Lines. Yellow has set a Nov. 9 bid deadline and expects to seek court approval for a real estate sale in December. A longer sale process will allow more competition for Yellow's 300 shipping terminals and other real estate assets, which have already generated significant interest from buyers.

Persons: Allyson Smith, Craig Goldblatt, Smith, Estes, Donald Trump's, Goldblatt, Dietrich Knauth, Alexia Garamfalvi, Nick Zieminski Organizations: Yellow Corp, U.S, Express, Old Dominion Freight, U.S . Treasury, MFN Partners, International Brotherhood of Teamsters, Thomson Locations: Wilmington , Delaware, Yellow's, Nashville , Tennessee

☆ FTX gets court approval to sell crypto assets
▼ + stars: | 2023-09-13 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

During the hearing, Dorsey overruled concerns raised by two FTX customers who said FTX sales could cause crypto prices to crash and that FTX may not own all of the crypto that it holds in its accounts. FTX said in court filings it was keenly aware of the risk that its effort to liquidate coins could move crypto markets. But keeping its current crypto portfolio intact also carries risks, potentially locking FTX into holding certain assets as their prices decline, according to FTX’s court papers. FTX filed for bankruptcy in November 2022 in the wake of claims that it misused and lost billions of dollars worth of customers' crypto deposits. FTX founder Sam Bankman-Fried has pleaded not guilty to charges that he defrauded FTX customers by using their funds to prop up his own risky investments.

Persons: FTX, John Dorsey, Dorsey, Sam Bankman, Fried, Dietrich Knauth, Alexia Garamfalvi, David Gregorio Our Organizations: Galaxy, Thomson Locations: Wilmington , Delaware, cryptocurrency, U.S, cryptocurrencies, Solana, bitcoin, FTX

Circuit Court of Appeals for a new ruling to prevent the "improper result" of allowing parts of the lower court order "to regain effect even after having been held invalid by this court." The plaintiffs allege that U.S. officials lobby social media platforms to suppress what the government considers to be misinformation, violating users' right to free speech under the U.S. Constitution's First Amendment. While the case was still at an early stage, Doughty issued a preliminary injunction banning a wide range of communications between a slew of officials and social media companies. The panel limited the injunction's reach to a smaller group of officials, including White House staff, the Centers for Disease Control and Prevention and the Federal Bureau of Investigation. It said that the 5th Circuit should either put the parts of Doughty's order that it reversed on hold, or finalize its order immediately.

Persons: Dado Ruvic, Joe Biden's, Terry Doughty, Doughty, Brendan Pierson, Alexia Garamfalvi, Aurora Ellis Organizations: REUTERS, Justice Department, U.S, Circuit, Appeals, Biden, Democrat, District, X Corp, White House, Centers for Disease Control, Federal Bureau of Investigation, Supreme, Thomson Locations: Louisiana, Missouri, Monroe , Louisiana, New York

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSept 8 (Reuters) - A federal appeals court on Friday ordered the White House, the FBI and top health officials to not "coerce or significantly encourage" social media companies to remove content that the Biden administration considers to be misinformation. Circuit Court of Appeals narrowed much of an injunction that restricted Biden administration contact with social media companies issued by a Louisiana judge. The agencies are barred from coercing, threatening or pressuring social media companies to remove content. The attorneys general of Louisiana and Missouri, along with several individuals who say they were censored on social media, had sued Biden administration agencies and officials last year. The Biden administration has argued that it asked social media companies to take down posts it considered to be harmful misinformation, but never forced them to do so.

Persons: Dado Ruvic, Biden, Andrew Bailey, Joe Biden's, Donald Trump ., Terry Doughty, Nate Raymond, Jonathan Stempel, Brendan Pierson, Bill Berkrot, Alexia Garamfalvi, Jonathan Oatis Organizations: REUTERS, White, FBI, Circuit, Facebook, YouTube, 5th, Republican, U.S . Centers for Disease Control, Prevention, Democratic, Supreme, U.S . Department of Justice, Biden, Twitter, Donald Trump . U.S, District, Thomson Locations: New Orleans, Louisiana, Missouri, U.S, Monroe , Louisiana, Boston, New York

The John Adams Courthouse, where the Massachusetts Supreme Judicial Court presides, stands in Boston, Massachusetts, U.S., September 7, 2023. In a unanimous ruling Thursday, the Supreme Judicial Court of Massachusetts upheld a 2018 lower court ruling that the state acted in bad faith in regulating the Canton-based Judge Rotenberg Educational Center. The legal fight over the facility began in 1985, when the state sought to ban the shock treatment. In 2013, the state sought to terminate the consent order altogether, before Judge Field's ruling in 2018 that it was still necessary because of state regulators' bad faith conduct. A federal appeals court in 2021 ruled in a separate case that the U.S. Food and Drug Administration could not ban the shock device.

Persons: John Adams, Brian Snyder, Katherine Field, JRC, Michael Flammia, Scott Kafker, Judge Field's, Brendan Pierson, Alexia Garamfalvi, Deepa Babington Organizations: REUTERS, Massachusetts, Rotenberg Educational, Probate, state's Department of Developmental Services, U.S . Food, Drug Administration, Thomson Locations: Massachusetts, Boston , Massachusetts, U.S, Canton, Bristol, New York

The paid fellowships were designed in part to help support the recruitment of people of color, which major law firms have struggled for years to add to their partnership ranks. The fellowship consists of a paid summer-associate position, which in law firms often lead to full-time jobs that pay in the six figures after graduation, and a $50,000 stipend. Legal challenges against corporate diversity programs have increased in the wake of the Supreme Court's affirmative action ruling. The other law firm in Blum's crosshairs is Seattle-founded Perkins Coie, a more than 1,200-lawyer global law firm. It has a similar fellowship and has said it plans to defend itself, saying its commitment to diversity is "steadfast."

Persons: Edward Blum, Perkins, Morrison, Foerster, Blum, Keith Wetmore, Blum's, Perkins Coie, Nate Raymond, Alexia Garamfalvi, Richard Chang Organizations: U.S, Supreme, Harvard University, University of North, San, American Alliance for Equal Rights, Excellence, Harvard, Thomson Locations: University of North Carolina, Washington , U.S, San Francisco, Miami, Blum's crosshairs, Seattle, Boston

Sept 6 (Reuters) - Bristol Myers Squibb (BMY.N) has been accused in a new lawsuit of using fraudulent patents and other illegal tactics to maintain its monopoly on blockbuster blood cancer drug Pomalyst for years after it should have faced generic competition. A spokesperson for Bristol Myers did not immediately respond to a request for comment. Pomalyst is a top seller for Bristol Myers, bringing in nearly $3.5 billion out of $46.16 billion of its total revenue last year. The drug was developed by Celgene, a company acquired by Bristol Myers in 2019. The generic companies, which are also named as defendants in the lawsuit, did not immediately respond to requests for comment.

Persons: Pomalyst, Bristol Myers, Celgene, Brendan Pierson, Alexia Garamfalvi, Bill Berkrot Organizations: Bristol Myers Squibb, Louisiana, Pomalyst, Bristol, Celgene, U.S . Patent, Teva Pharmaceutical Industries, Aurobindo Pharma, Breckeridge Pharmaceutical, Natco Pharma, Thomson Locations: Manhattan, New York

Views from the air of the community of Lahaina after wildfires driven by high winds burned across most of the town several days ago, in Lahaina, Maui, Hawaii, U.S. August 10, 2023. REUTERS/Marco Garcia/File Photo Acquire Licensing RightsCompanies Hawaiian Electric Industries Inc FollowSept 5 (Reuters) - The father of a woman who died during last month's wildfires in Hawaii has sued the state and the county of Maui in a “first-of-its-kind” lawsuit accusing the governments of gross negligence leading to the blazes. Filed on Monday in Hawaii state court, the lawsuit is the first stemming from the wildfires to be lodged against the state. Hawaiian Electric, meanwhile, failed to deenergize its electrical equipment during high winds, sparking the fires, the lawsuit said. Reporting by Clark Mindock, Editing by Alexia Garamfalvi and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Marco Garcia, Harold Wells, Wells, Clark Mindock, Alexia Garamfalvi, Bill Berkrot Organizations: REUTERS, Hawaiian Electric Industries, Estate, Bishop Estate, Electric, Thomson Locations: Lahaina, Maui, Hawaii, U.S

☆ Bankrupt Lordstown Motors proposes zero payment for Foxconn shares
▼ + stars: | 2023-09-05 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

Lordstown Motors and Foxconn logos are seen in this illustration taken, May 2, 2023. Even if the sale generates enough money for a shareholder payout, Lordstown proposed to pay nothing to the 300,000 preferred equity shares held by its estranged former business partner Foxconn. Lordstown alleged that Foxconn purchased only $30 million of the $100 million in preferred equity shares contemplated by the disputed investment agreement. Foxconn also purchased $22.7 million of Lordstown's common shares, owning about 8.4% of the company's equity, according to court documents. Foxconn had asked a U.S. bankruptcy judge to dismiss Lordstown's bankruptcy, a request that the judge denied on Aug. 28.

Persons: Dado Ruvic, Taiwan's Foxconn's, Lordstown, Karma, Foxconn, Dietrich Knauth, Alexia Garamfalvi, Timothy Gardner Organizations: Lordstown Motors, REUTERS, Lordstown's, Hai Precision Industry, Thomson Locations: Ohio, Delaware, Lordstown's

Aug 31 (Reuters) - The Texas Supreme Court on Thursday allowed a state law banning gender-affirming care for transgender minors, such as puberty blockers, hormones and surgeries, to take effect while it hears a legal challenge to the statute. The ruling came after a judge last Friday blocked the law in response to a challenge by the families of transgender children and doctors. Texas is one of at least 20 states that have banned or restricted gender-affirming care for minors. Mainstream U.S. medical groups have opposed the bans and maintain that gender-affirming care improves transgender patients' mental health and reduces the risk of suicide. Several other similar state laws have been blocked by judges, though a federal appeals court earlier in August revived Alabama's ban on gender-affirming care for minors.

Persons: Greg Abbott, Maria Cantu Hexsel, Hexsel, Brendan Pierson, Alexia Garamfalvi, Jonathan Oatis Organizations: Texas Supreme, Texas Attorney General's, Republican, U.S, Thomson Locations: Texas, . Texas, Travis County, Austin, New York

The 3M logo is seen at its global headquarters in Maplewood, Minnesota, U.S. on March 4, 2020. Some analysts' estimates of the company's potential liability from the earplug litigation had been as high as $10 billion. The Combat Arms earplugs were made by Aearo Technologies, a company 3M acquired in 2008. The lawsuits were consolidated before U.S. District Judge M. Casey Rodgers in Pensacola, Florida federal court in 2019. Aearo filed for bankruptcy in July 2022, with 3M pledging $1 billion to fund its liabilities stemming from the earplug lawsuits.

Persons: Nicholas Pfosi, M, Casey Rodgers, Aearo, Rodgers, Brendan Pierson, Alexia Garamfalvi, Bill Berkrot Organizations: REUTERS, Aearo Technologies, 3M, U.S, District, Thomson Locations: Maplewood , Minnesota, U.S, Afghanistan, Iraq, Pensacola , Florida, New York

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