DIRS.INFO The most relevant business & tech news

April 12 (Reuters) - Abortion opponents on Tuesday urged a U.S. appeals court to allow the suspension of Food and Drug Administration's approval of the abortion pill mifepristone, in a case with potentially far-reaching impact on how the government regulates medicine. The abortion opponents' requests came one day after the U.S. Department of Justice urged the appeals court to put U.S. District Judge Matthew Kacsmaryk's April 7 order voiding the FDA's approval on hold through the appeals process. It is not clear when the 5th Circuit will rule on extending the stay. Twelve of the 16 5th Circuit judges who hear cases are Republican appointees. Circuit Court of Appeals, No.

U.S. District Judge Lewis Liman in Manhattan found the defendant AirBridgeCargo Airlines LLC and its parent Volga-Dnepr Logistics BV liable, after the invasion and resulting sanctions left the plaintiff BOC Aviation unable to reclaim the aircraft. A lawyer for Singapore-based BOC Aviation had no immediate comment, having yet to hear from his client. BOC Aviation said AirBridgeCargo went into default after being unable to maintain required reinsurance coverage. BOC Aviation said it was able to recover one leased plane and two of its four engines, while the two other planes and two other engines remained in Russia. The case is BOC Aviation Ltd v AirBridgeCargo Airlines LLC et al, U.S. District Court, Southern District of New York, No.

Kaplan said he shared Richenderfer's concerns, but would not take any action to stop LTL's second bankruptcy filing until he gets more information. J&J faces more than 38,000 lawsuits that have been consolidated in federal court in New Jersey alleging that its talc products sometimes contained carcinogenic asbestos, and those cases have been on hold while LTL pursues a bankruptcy settlement. J&J has said its baby powder and other talc products are safe, do not cause cancer or contain asbestos. LTL attorney Greg Gordon said at Tuesday's court hearing that the second bankruptcy is different because the company has fewer assets available and more support for a bankruptcy settlement. Gordon called that an "over the top accusation," saying plaintiffs' support for the settlement is real and substantial.

Companies HP Inc FollowApril 11 (Reuters) - A U.S. appeals court on Tuesday revived a lawsuit alleging HP Inc (HPQ.N) defrauded shareholders by secretly using unprofitable tactics to boost sales of its printing supplies in 2015 and 2016. Circuit Court of Appeals reversed a judge's ruling dismissing the lawsuit as filed too late. The SEC said in 2020 that some HP regional managers used incentives to accelerate sales they expected to materialize in later quarters. It also said sales managers sold steeply discounted supplies to distributors known to resell HP products outside their own territories, "cannibalizing" sales from local distributors and violating company policy. Circuit Court of Appeals, No.

☆ Ex-Deutsche Bank investment banker charged in U.S. with crypto fraud
▼ + stars: | 2023-04-11 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

NEW YORK, April 11 (Reuters) - A former Deutsche Bank AG (DBKGn.DE) investment banker has been charged in an indictment unsealed on Tuesday with misappropriating funds from investors who he wooed with promises of big returns from cryptocurrency trading. Rashawn Russell, 27, of Brooklyn, solicited investments from friends and colleagues but used the funds for gambling and other personal expenses, federal prosecutors said. According to the indictment, Russell was an investment banker from July 2018 through November 2021 at a financial institution that was not identified in the document. His LinkedIn profile states that he became a Deutsche Bank investment banking analyst in July 2018 and was promoted to associate in July 2020. U.S. prosecutors and regulators have been working to crack down on fraud involving digital assets.

U.S. District Judge Edward Davila sentenced Holmes to 11 years and three months in prison in November. "Contrary to her suggestion that accuracy and reliability were central issues to her convictions, Ms. Holmes’s misrepresentations to Theranos investors involved more than just whether Theranos technology worked as promised," he said. In denying the release appeal, Davila noted that Holmes was unlikely to flee or endanger the community. Prosecutors said during the trial that Holmes misrepresented Theranos' technology and finances. On appeal, Holmes plans to challenge several of the judge's rulings, including his allowance of evidence about Theranos' test accuracy that postdated her statements to investors.

[1/2] U.S. Rep. Jim Jordan (R-OH) is asked questions by a journalist as he walks to the House Chamber at the U.S. Capitol building in Washington, U.S., January 25, 2023. REUTERS/Leah MillisNEW YORK, April 11 (Reuters) - Manhattan District Attorney Alvin Bragg on Tuesday sued Republican U.S. Representative Jim Jordan to stop what Bragg called an "unconstitutional attack" on the ongoing criminal prosecution of former President Donald Trump in New York. The lawsuit aims to block a subpoena of Mark Pomerantz, a former prosecutor who had led the Manhattan district attorney's investigation of Trump. The subpoena, issued last week by the House of Representatives Judiciary Committee, which Jordan chairs, seeks Pomerantz's appearance before the committee for a deposition. Reporting by Luc Cohen in New York and Kanishka Singh in Washington; editing by Doina Chiacu and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

U.S. District Judge Jacqueline Scott Corley dismissed the plaintiffs' first complaint in March after finding it failed to present enough information to back claims the acquisition would harm industry competition. The judge said at the time the plaintiffs could refile a new suit, which challenges the largest-ever video game industry deal. Lawyers for Microsoft said in a court filing last week that the gamers' original case "relied largely on flawed legal arguments based on outdated Supreme Court cases." The plaintiffs' lawyers have served subpoenas on companies including Activision and rivals including Nintendo of America Inc and Sony. The case is Demartini v. Microsoft, U.S. District Court, Northern District of California, 3:22-cv-08991-JSC.

JPMorgan sued Staley last month to have him cover its losses in both lawsuits and forfeit eight years of compensation. Epstein killed himself at age 66 in August 2019 in a Manhattan jail while awaiting trial for sex trafficking. The cases in the U.S. District Court, Southern District of New York are: Jane Doe 1 v JPMorgan Chase & Co, No. 22-10019; Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, No. 22-10904; and JPMorgan Chase Bank NA v Staley, in Nos.

Dominion asserts that Fox's top brass approved of the coverage, but the network says the evidence of high-level involvement is threadbare. The jury pool will be drawn from New Castle County, Delaware, where Democrats outnumber Republicans more than two-to-one, according to the state's Department of Elections. The network says scattered doubts about the claims among certain individuals cannot be attributed to the organization as a whole. "I think (Fox is) trying to argue that the employees themselves did not have that necessary mental state," said UNC's Papandrea. "But it's tricky when the organization itself has relevant information that would cast doubt on the veracity of the statements about Dominion."

☆ How to fall in love with your 9-to-5 again
▼ + stars: | 2023-04-10 | by ( Alexandra York | Rachel Durose | ) www.businessinsider.com time to read: +7 min

In June 2022, at least 50% of workers across the country were quiet-quitting, according to a poll by Gallup. "It's helping me not burn out as much, and I'm actually doing a better job at work because I'm not resentful or tired all the time." Take on these more fulfilling roles if you're looking "to still be succeeding in your work and furthering yourself but in the guise of that 9-to-5," Luong said. "Now when I'm working, I'm focused on work, but I'm super efficient in getting work done so I can focus on my business." Living in a New York City apartment, Farage told her manager she felt stuck working from home every day.

Rowan Wilson, an associate judge on the Court of Appeals, was named as chief judge of the same court, overseeing the state's sprawling state judicial system. If confirmed, Wilson would be the first Black judge in the post, replacing Janet DiFiore who stepped down in August. "Judge Wilson's sterling record of upholding justice and fairness makes him well-suited to lead the court at this critical time," Hochul said in a statement. Hochul nominated Caitlin Halligan, a former New York solicitor general and current partner at law firm Selendy Gay Elsberg, to fill Wilson's current role. Wilson was nominated to the Court of Appeals by former New York Governor Andrew Cuomo, a Democrat, in 2017.

Kacsmaryk, an appointee of Republican former President Donald Trump, stayed his ruling for seven days to allow the Biden administration time to appeal. The Justice Department asked that a stay be entered by April 13, and that it remain in place until all appeals, including if necessary to the Supreme Court, are resolved. Lawyers for the anti-abortion groups that challenged the FDA's approval of mifepristone did not immediately respond to requests for comment. The conflicting rulings could foreshadow a resolution by the Supreme Court, which last June overturned the 1973 Roe v. Wade decision that eliminated a constitutional right to abortion. The Supreme Court has a 6-3 conservative majority.

April 7 (Reuters) - A federal judge on Friday halted federal regulators' approval of the abortion pill mifepristone while a legal challenge proceeds, partially granting a request by anti-abortion groups and dealing another setback to abortion rights in the United States. A White House official said they are reviewing the abortion ruling. Kacsmaryk's ruling is a preliminary injunction that would essentially ban sales of mifepristone while the case before him continues. Some abortion providers have said that if mifepristone is unavailable, they would switch to a regimen using only misoprostol for a medication abortion. During the hearing in the case, the judge raised questions about the regulatory process used by the FDA.

"Bump stocks allow a shooter to fire hundreds of bullets a minute by a single pull of the trigger. Like other machine guns, rifles modified with bump stocks are exceedingly dangerous." Bump stocks use a semiautomatic's recoil to allow it to slide back and forth while "bumping" the shooter's trigger finger, resulting in rapid fire. Cargill sued, challenging the ATF's rule in 2019, which required him to surrender his two bump stocks. Two days after that ruling, Biden signed into law the first major federal gun reform in three decades.

[1/2] A sign urging voters to reject a state constitutional amendment declaring there is no right to abortion is seen during the primary election and abortion referendum at a Wyandotte County polling station in Kansas City, Kansas, U.S. August 2, 2022. Opponents say the bill undermines the will of Kansas voters who in an August statewide referendum rejected by nearly 60% a state constitutional amendment that would have declared there was no right to abortion. A similar bill failed in Kansas in 2019 after its Republican supporters narrowly failed to get the two-thirds majority needed to overcome Kelly's veto in the state House. The Kansas legislature earlier this week approved a bill creating new punishments for doctors accused of not providing sufficient care to infants that are delivered alive during an abortion. The bill has veto-proof majorities in both houses, but it could still be challenged and overturned in court.

"Jane Doe herself has directly accused him of horrific sexual misconduct and, if true, he must be held accountable." In a separate letter, lawyers for the Epstein accusers also supported severing the Staley case, but for a different reason. 22-10018; Jane Doe 1 v JPMorgan Chase & Co, No. 22-10019; Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, No. 22-10904; and JPMorgan Chase Bank NA v Staley, in Nos.

April 6 (Reuters) - The U.S. Supreme Court on Thursday refused to let West Virginia enforce a state law banning transgender athletes from female sports teams at public schools, one of many Republican-backed measures across the country targeting LGBTQ rights. The justices denied West Virginia's request to lift an injunction against the law that a lower court had imposed while litigation continues over its legality in a challenge brought by a 12-year-old transgender girl, Becky Pepper-Jackson. West Virginia said in a court filing that it can lawfully assign athletic teams by sex rather than gender identity "where biological differences between males and females are the very reason those separate teams exist." Pepper-Jackson, who attends a middle school in the West Virginia city of Bridgeport, sued after being prohibited from trying out for the girls' cross-country and track teams. Reporting by Andrew Chung in New York; editing by Jonathan Oatis and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Companies Robinhood Markets Inc FollowApril 6 (Reuters) - The California Department of Financial Protection and Innovation (DFPI) said on Thursday it has joined a multi-state settlement with Robinhood Financial LLC (HOOD.O), which will pay up to $10.2 million in penalties for operational and technical failures. Reporting by Manya Saini in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Just 14% say they have a great deal or "quite a lot" of confidence in the criminal justice system, half the level of a decade ago. Manhattan District Attorney Alvin Bragg's case is the first of several involving Trump as the country braces for a 2024 presidential election in which Trump is the leading Republican candidate. Trump himself has over the years complained that law enforcement was targeting him for political purposes, and his rhetoric has heightened since the New York case surfaced. On Wednesday, Trump called on his fellow Republicans in Congress to slash funding for the U.S. Justice Department and the FBI. "It's obvious the criminal legal system can punch down - it's proven that, and oppressively so," Ali said.

April 5 (Reuters) - A Planned Parenthood affiliate and two doctors on Wednesday filed a lawsuit seeking to block Idaho authorities from punishing healthcare providers for referring patients to get abortions in other states. Idaho Attorney General Raul Labrador, a Republican, said in a legal opinion last week that the state's near-total abortion ban, enacted last August, "prohibits an Idaho medical provider from ... referring a woman across state lines to access abortion services." In their lawsuit, filed in federal court in Boise, Planned Parenthood and the doctors said Labrador's interpretation of the law violates the U.S. Constitution by prohibiting protected free speech and attempting to extend Idaho law beyond its borders. "Attorney General Labrador is violating the boundaries of our constitution to further deny Idahoans the freedom to decide what is best for their own bodies and futures," said Alexis McGill Johnson, president of Planned Parenthood Federation of America, in a statement. Reporting By Brendan Pierson in New York; Editing by Alexia Garamfalvi and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Companies Fox Corp FollowRupert Murdoch FollowWILMINGTON, Del, April 5 (Reuters) - Fox Corp (FOXA.O) executives Rupert and Lachlan Murdoch can be called to testify at this month's defamation trial over a $1.6 billion lawsuit claiming the media company lied about voter fraud in the 2020 U.S. presidential election, a judge said on Wednesday. Rupert Murdoch, the 92-year-old chair of Fox Corp, and his son, Lachlan Murdoch, its CEO, were not on the list of witnesses that Fox intends to make available for the trial, in a case brought by Dominion Voting Systems. Davis said Fox board member Paul Ryan, a former Republican speaker of the U.S. House of Representatives, could also be issued a trial subpoena. The judge said there was an objection by Fox to Rupert Murdoch's testimony which would probably have to be resolved at trial. The trial already features a parade of Fox's biggest on-air personalities, including Tucker Carlson, Sean Hannity and Maria Bartiromo.

NEW YORK, April 4 (Reuters) - The Manhattan District Attorney's office on Tuesday unveiled charges against Donald Trump over hush money payments to suppress accounts of his alleged extramarital affairs, becoming the first former U.S. president to face criminal charges. Below is an explanation of the charges he faces and his possible defenses:WHAT IS TRUMP ACCUSED OF DOING? During the campaign, Trump's former personal lawyer, Michael Cohen, paid porn star Stormy Daniels $130,000 to for her silence on an affair she says she had with Trump. Trump denies the allegations and the affairs but has admitted to reimbursing Cohen for his payment to Daniels. Joseph Tacopina, a lawyer for Trump, has argued in television interviews that Trump was a victim of extortion by Daniels.

Amy Winslow, Hossein Maleknia and Reba Daoust misled Magellan customers and the Food and Drug Administration (FDA) about when they discovered the defect, the extent of the problem and the risks associated with it, prosecutors said. Attorneys for Winslow and Daoust did not immediately respond to requests for comment. The company said all devices the malfunction affected have been cleared by the FDA “and will remain available for clinical use.”Magellan Diagnostics ultimately recalled all three devices in 2021 and resumed distribution last year, according to the FDA. The malfunction affected three of Magellan’s lead-testing devices, including one that accounted for more than half of all blood lead tests conducted in the U.S. between 2013 and 2017, according to prosecutors. Reporting by Andrew Goudsward Editing by David Bario and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

April 4 (Reuters) - Federal appeals court judges on Tuesday appeared skeptical of 3M's (MMM.N) bid to use the bankruptcy of its subsidiary Aearo Technologies to shield itself from nearly 260,000 lawsuits over allegedly defective military-issue earplugs. Circuit Court of Appeals in Chicago to reverse a bankruptcy court order allowing the lawsuits to move forward against 3M, even though Aearo is bankrupt. Aearo and 3M said the bankruptcy process would facilitate a fair and comprehensive settlement with the plaintiffs. David Frederick, representing the plaintiffs, told the panel that 3M "contrived this bankruptcy to help itself, not Aearo or its creditors." The next-largest MDL, the Johnson & Johnson talc litigation, has 38,000 cases.

Search resuls for: "Corporate Law"

25 mentions found