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Search resuls for: "Federal Circuit"


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[1/2] A sign for the Royal Bank of Canada in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio Acquire Licensing RightsNEW YORK, Sept 21 (Reuters) - A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they paid on a popular municipal bond. Cities led by Baltimore, Philadelphia and San Diego accused the banks of colluding to raise rates on more than 12,000 variable-rate demand obligations (VRDOs) from 2008 to 2016. Cities accused the eight banks of conspiring not to compete for remarketing services, and artificially inflating rates by sharing information about bond inventories and planned rate changes. The case is Philadelphia et al v Bank of America Corp et al, U.S. District Court, Southern District of New York, No.
Persons: Carlos Osorio, Jesse Furman, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Wells, San Diego, Banks, Furman, Dan Brockett, Jonathan Stempel, Marguerita Choy Organizations: Royal Bank of Canada, REUTERS, U.S, Bank of America, Barclays, Citigroup, JPMorgan, Municipal Securities Rulemaking Board, al, Bank of America Corp, Court, Southern District of, Thomson Locations: Toronto , Ontario, Canada, Manhattan, Baltimore, Philadelphia, San, colluding, U.S, Southern District, Southern District of New York, New York
Richard Alexander Murdaugh is seen in a mugshot taken after his arrest, at Kirkland Reception and Evaluation Center in Columbia, South Carolina, U.S. in this handout obtained March 4, 2023. South Carolina Department of Corrections/Handout via REUTERS/File Photo Acquire Licensing RightsSept 21 (Reuters) - Disbarred South Carolina attorney Richard "Alex" Murdaugh, who was convicted of murdering his wife and son, pleaded guilty in federal court on Thursday to nearly two dozen bank fraud and other financial crimes in which he stole millions of dollars. Murdaugh has appealed his murder convictions, maintains his innocence and is seeking a new trial. Federal Judge Richard Gergel is expected to sentence Murdaugh on the financial crimes at a later date. Murdaugh faces similar financial crime charges in state court and a state trial is scheduled for late November.
Persons: Richard Alexander Murdaugh, Richard, Alex, Murdaugh, Margaret, Paul, Dick Harpootlian, Maggie, Emily Evans Limehouse, he's, Richard Gergel, Rich McKay, Timothy Gardner Organizations: Kirkland, Center, South Carolina Department of Corrections, Handout, REUTERS, South, Prosecutors, United, Thomson Locations: Columbia , South Carolina, U.S, South Carolina, Charleston, Charleston , South Carolina, Atlanta
A sign is pictured outside a Google office near the company's headquarters in Mountain View, California, U.S., May 8, 2019. KEY QUOTE:Weinberg testified that he had pressed particular companies - he did not name them - to use DuckDuckGo as the default and found some interest but ultimately no success because of Google's contracts with the companies. "We ultimately decided, this was after three years of trying this, that this was a quixotic exercise because of the contracts." *The clout in search then makes Google a heavy hitter in the lucrative advertising market, boosting its profits. *DuckDuckGo has around 2.5% of the online search engine market because it has not been able to win a default position on devices made by big companies.
Persons: Paresh Dave, DuckDuckGo, Gabriel Weinberg, Weinberg, Diane Bartz, Kirsten Donovan Organizations: REUTERS, Rights, Google, Apple, Thomson Locations: Mountain View , California, U.S, Washington
Effective Oct. 1, Amazon was planning to impose a new 2% fee on every sale by third-party sellers that ship their products themselves, according to media reports in August. "After careful consideration, we've made the decision not to implement this program fee to ensure seller sentiment related to the fee does not impact program participation," an Amazon spokesperson told Reuters. The reversal in Amazon's plans comes when the company is facing a potential lawsuit from the U.S. Federal Trade Commission. The FTC is expected to file a lawsuit against Amazon later this month after the company did not offer concessions to settle antitrust claims, the Wall Street Journal reported. Amazon has been criticized for allegedly favoring its own products over those from outside sellers on its platform.
Persons: we've, Trump, Deborah Sophia, Pooja Desai Organizations: Amazon, Reuters, U.S . Federal Trade Commission, Bloomberg, FTC, Wall Street Journal, Thomson Locations: Bengaluru
The move suggests the company is taking a more cautious approach to how much money it can charge online sellers, the Bloomberg report said. Effective Oct. 1, Amazon was planning to impose a new 2% fee on every sale by third-party sellers that ship their products themselves, according to media reports in August. The FTC is expected to file a lawsuit against Amazon later this month after the company did not offer concessions to settle antitrust claims, the Wall Street Journal reported. The FTC began probing the company during the Trump administration, when it also launched investigations into other tech majors. Amazon has been criticized for allegedly favoring its own products over those from outside sellers on its platform.
Persons: Pascal Rossignol, Trump, Deborah Sophia, Pooja Desai Organizations: REUTERS, Bloomberg, U.S . Federal Trade Commission, FTC, Amazon, Wall Street Journal, Thomson Locations: Bengaluru
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
REUTERS/Angus Mordant/File Photo Acquire Licensing RightsNEW YORK, Sept 19 (Reuters) - A federal judge on Tuesday said DoorDash (DASH.N), Grubhub (TKWY.AS) and Uber Eats (UBER.N) can sue New York City over a law capping how much they can charge restaurants for delivering meals. "Good news from New York City," CEO of Grubhub's parent company Just Eat Takeaway, Jitse Groen, wrote on X, formerly known as Twitter. Woods said the plaintiffs adequately alleged that the law unconstitutionally interfered with their ability to collect higher commissions under their contracts with restaurants. The plaintiffs have said commission caps would necessitate higher delivery fees, resulting in higher prices for consumers and less revenue for restaurants. The case is DoorDash Inc et al v City of New York, U.S. District Court, District of New York, No 21-07564.
Persons: Angus Mordant, DoorDash, Gregory Woods, Nicholas Paolucci, Grubhub, Jitse Groen, Woods, Jonathan Stempel, Diana Mandiá, Mark Potter, Timothy Gardner Organizations: REUTERS, New, Constitution, New York, City Council, Council, Twitter, Thomson Locations: Manhattan , New York, U.S, New York City, Manhattan, New York, Amsterdam, San Francisco, City of New York, Gdansk
Staff said Judge Pauline Newman, 96, was "losing it, mentally" after 39 years on the bench. "Judge Newman and her counsel have aggressively sought to discredit this entire process by trying their case in the press while conjuring a narrative of 'hostile,' 'disrespect[ful],' and 'appalling' treatment marked by exercises of 'raw power,' all borne out of 'personal animosity' for Judge Newman," the decision said. Since March, Judge Newman's unusually public dispute with her fellow judges has rocked the Federal Circuit. He has said disagreements between the judge and staff don't come close to showing "disability." AdvertisementAdvertisementThe Federal Circuit appeals court, where Newman has been a judge since 1984, was created to hear cases in niche areas of federal law, like patents and government contracts.
Persons: Pauline Newman, Newman, she's, Judge Newman, Judge Newman's, Kimberly Moore —, Wednesday's, Greg Dolin, They've, we've Organizations: Service, Federal Circuit, Washington Post, Bloomberg Law, Judicial Locations: Wall, Silicon
Defendant Andrew Lester was charged with first-degree assault and armed criminal action for shooting Ralph Yarl, 16, on the doorstep of his suburban home on April 13. Lester fired two shots through a glass door with a .32-caliber revolver, according to prosecutors. Yarl was struck in the head and an arm, apparently before crossing the threshold or exchanging any words with Lester, according to Clay County prosecutor Zachary Thompson. Lester was freed on his own recognizance soon after being detained following the shooting. His swift release fueled days of protest before he was charged days later and he turned himself back in to police.
Persons: Andrew Lester, Ralph Yarl, Judge Louis Angles, Lester, Clay, Alexander Higginbotham, Yarl, Zachary Thompson, Thompson, Julia Harte, Will Dunham Organizations: REUTERS, Kansas City, Clay County Circuit Court, Zachary Thompson . Local, Thomson Locations: Kansas City , Missouri, U.S, Missouri, Kansas, Clay County, Zachary Thompson .
The lawyers want a judge to approve $229 million in fees, or $10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery. The legal fee and the settlement must be approved by a Delaware judge at a hearing scheduled for October. The Telsa directors have not objected to the fee request but are expected to do so, according to a court filing by the plaintiffs' lawyers. In 2012, the Delaware Supreme Court affirmed a $304 million fee in a Southern Copper shareholder lawsuit involving $2 billion of damages. The Delaware Court of Chancery judge overseeing the Tesla case, Kathaleen McCormick, has scheduled a hearing on Oct. 13 to approve the settlement and the fee.
Persons: Tesla's, James Murdoch, Larry Ellison, Bleichmar Fonti, McCarter, Ronald King, Clark Hill, George Bauer, David Paige, Paige, Kathaleen McCormick, Tom Hals, Amy Stevens, Marguerita Choy Organizations: REUTERS, Partners, Bleichmar, Shukurov, Advisors, Southern, Thomson Locations: Oslo, Norway, Victoria, WILMINGTON , Delaware, Delaware's Court, Delaware, New York, Wilmington , Delaware, Lansing , Michigan
This first trial involves city of Aurora police officer Randy Roedema and former officer Jason Rosenblatt, who are both charged with manslaughter, criminally negligent homicide and other charges. Local prosecutors at first declined to press charges in McClain's death. Aurora police officer Nathan Woodyard, who is accused of putting McClain in a chokehold, will stand trial alone on the same charges in October. Two paramedics who injected McClain with ketamine are scheduled for a joint trial on the same charges in November. The other two officers and the paramedics have been suspended without pay pending the outcome of the trial.
Persons: Randy Roedema, Elijah McClain, McClain, Jason Rosenblatt, George Floyd, Colorado's, Nathan Woodyard, Rosenblatt, Brad Brooks, Donna Bryson, Chris Reese, Daniel Wallis Organizations: Aurora, Adams County Justice Center, Colorado, Local, Aurora's, Thomson Locations: Brighton , Colorado, BRIGHTON , Colorado, Denver, Aurora, Minneapolis, Colorado
Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S. July 26, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Sept 20 (Reuters) - U.S. President Joe Biden's son, Hunter Biden, will appear in a federal court in Wilmington, Delaware, on Sept. 16 to face gun charges, a judge ordered on Wednesday. Hunter Biden, 53, was indicted last week for allegedly lying on a form to acquire a handgun in 2018 and for being an illegal drug user in possession of the gun. Hunter Biden sought to avoid traveling to Delaware to appear for the hearing in person, arguing it would pose logistical challenges, but U.S. District Judge Maryellen Noreika rejected his request to appear by video. Reporting by Andrew Goudsward in Washington and Dan Whitcomb in Los Angeles; editing by Rami Ayyub and Scott MaloneOur Standards: The Thomson Reuters Trust Principles.
Persons: Hunter Biden, Joe Biden, Jonathan Ernst, Joe Biden's, Maryellen Noreika, Andrew Goudsward, Dan Whitcomb, Rami Ayyub, Scott Malone Organizations: REUTERS, Rights, District, Thomson Locations: Wilmington , Delaware, U.S, Delaware, Washington, Los Angeles
Circuit Judge Pauline Newman of the U.S. Court of Appeals for the Federal Circuit appears in an undated photo. U.S. Court of Appeals for the Federal Circuit/Handout via REUTERS Acquire Licensing RightsWASHINGTON, Sept 20 (Reuters) - The U.S. Court of Appeals for the Federal Circuit on Wednesday suspended Judge Pauline Newman from hearing new cases amid a deepening clash over the 96-year-old jurist's mental competence to serve on the bench. Newman has defended her fitness, citing the opinions of two doctors, and filed a lawsuit in a separate Washington court seeking to move or halt the investigation. A representative for the Federal Circuit declined to comment. Newman, a highly-respected figure in patent law and a prominent dissenter, was appointed to the patent-focused Federal Circuit by President Ronald Reagan in 1984.
Persons: Pauline Newman, Newman, Greg Dolin, Ronald Reagan, Judge Newman, Blake Brittain, David Bario, Daniel Wallis Organizations: U.S ., Appeals, Federal Circuit, REUTERS Acquire, Rights, U.S, Washington, D.C, Circuit, Thomson Locations: Washington
[1/4] Joseph Bankman, father of Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, leaves the courthouse, after U.S judge revoked Bankman-Fried's bail, in New York, U.S., August 11, 2023. FTX, now being led by turnaround specialist John Ray, said that company founder Sam Bankman-Fried ran FTX as a "family business" and misappropriated billions in customer funds for the benefit of a small circle of insiders, including his parents. 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. Bankman and Fried also pushed FTX to make tens of millions of dollars in charitable contributions, including to Stanford University, FTX said. FTX has recovered more than $7 billion in assets to repay customers, and it is pursuing additional recoveries through lawsuits against FTX insiders and other defendants that received money from FTX before it went bankrupt.
Persons: Joseph Bankman, Sam Bankman, Eduardo Munoz, Stanford, Barbara Fried, John Ray, Fried, Sean Hecker, Michael Tremonte, Joe, Barbara, " Hecker, Tremonte, Bankman, FTX, Dietrich Knauth, Nick Zieminski Organizations: REUTERS, Monday, Stanford University, Stanford Law School, Thomson Locations: New York, U.S, Bahamas, FTX
This included his sharing the personal writings of Caroline Ellison, the former chief executive of his Alameda Research hedge fund, with a New York Times reporter. Ellison has pleaded guilty to fraud and is expected to testify against Bankman-Fried, a former romantic partner. Bankman-Fried faces seven charges of fraud and conspiracy stemming from the November 2022 collapse of his now-bankrupt company. Prosecutors countered in court papers that Bankman-Fried sought to use the Times as a "mouthpiece for discrediting a government witness shortly before trial." They also said Bankman-Fried has had no more difficulty preparing for trial than any other detainee.
Persons: Sam Bankman, District Judge Lewis Kaplan, Bankman, Caroline Ellison, Ellison, Fried, jailing, Kaplan, Luc Cohen, Will Dunham Organizations: Manhattan U.S, U.S, Circuit, District, Alameda Research, New York Times, Bankman, Prosecutors, Alameda, Thomson Locations: Brooklyn, Alameda, New York
Congressman Stephen Buyer arrives for his insider trading trial at the United States Courthouse in the Manhattan borough of New York City, U.S., March 8, 2023. Congressman Stephen Buyer was sentenced to 22 months in prison on Tuesday for trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc (TMUS.O) ahead of its $23 billion merger with Sprint. U.S. District Judge Richard Berman in New York sentenced Buyer, who was found guilty on four counts of securities fraud at a trial in March. Buyer took the stand at trial and denied trading on inside information. Buyer asked to be sentenced to home confinement, citing his service in Congress and the U.S. military.
Persons: Stephen Buyer, Brendan McDermid, Richard Berman, Buyer, Prosecutors, Jody Godoy, Deepa Babington Organizations: U.S, United, Courthouse, REUTERS, Mobile, Former U.S, Mobile US Inc, Sprint, District, New York, Republican, U.S . House, Navigant Consulting, Guidehouse, U.S ., Court, Southern District of, Thomson Locations: Manhattan, New York City, U.S, Former, New, Indiana, Congress, Southern District, Southern District of New York, New York
[1/2] A box of Mounjaro, a tirzepatide injection drug used for treating type 2 diabetes and made by Lilly is seen at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023. In four separate lawsuits filed in Florida and Texas federal courts, Eli Lilly is seeking orders barring Better Life Pharmacy, ReviveRX, Rx Compound Store and Wells Pharmacy Network from selling tirzepatide, and requesting unspecified damages. Lilly is the only company with U.S. Food and Drug Administration approval to sell tirzepatide drugs. "Defendants use Lilly’s trademark to attract customers and generate revenues and profits, including by passing off as 'Mounjaro' their own unapproved compounded drugs purporting to contain tirzepatide, and doing so for a use for which Mounjaro is not approved, namely weight loss," Eli Lilly said in the lawsuits. However, the agency has said that depending on circumstances, compounded drugs can be made and distributed with fewer restrictions when the original drug appears on its drug shortages list, which Mounjaro currently does.
Persons: Lilly, George Frey, Eli Lilly, Ozempic, Mounjaro, Patrick Wingrove, Bill Berkrot Organizations: Pharmacy, REUTERS, Wells Pharmacy, U.S . Food, Drug Administration, Novo Nordisk, U.S, FDA, Thomson Locations: Provo , Utah, U.S, Florida, Texas, Indianapolis, Arizona , Florida, Georgia, Minnesota, South Carolina, Utah
Equal Employment Opportunity Commission (EEOC)on Tuesday accused Walmart Inc of failing to put an end to severe sexual harassment of female workers by the manager of a West Virginia store and of firing a woman after she complained to the commission. Debra Lawrence, the EEOC's regional attorney in Philadelphia, said preventing sexual harassment requires employers to act "promptly and forcefully." The EEOC filed Tuesday's lawsuit on behalf of a class of female workers who were allegedly harassed by the manager. The commission is seeking an order requiring Walmart to revise its policies on preventing sexual harassment and retaliation, along with backpay and other money damages for the class of women. The case is EEOC v. Walmart Stores East LP, U.S. District Court for the Southern District of West Virginia, No.
Persons: groped, Debra Lawrence, Lawrence, Delaney Anderson, Jason Bailey, Daniel Wiessner Organizations: Walmart, Opportunity Commission, Walmart Inc, Southern District of, Thomson Locations: West Virginia, Lewisburg, Bentonville , Arkansas, Philadelphia, Southern District of West Virginia
U.S. flag and TikTok logo are seen in this illustration taken, June 2, 2023. The states say TikTok, which is used by more than 150 million Americans, has faced growing calls from U.S. lawmakers for a nationwide ban over concerns about possible Chinese government influence. Efforts to pass legislation to give the Biden administration more power to ban or crack down on TikTok have stalled. TikTok estimates 380,000 people in Montana use the video service, or more than a third of the state's 1.1 million people. Former U.S. President Donald Trump in 2020 sought to bar new downloads of TikTok but a series of court decisions blocked the ban from taking effect.
Persons: Dado Ruvic, TikTok, China's ByteDance, Austin Knudsen, Donald Trump, David Shepardson, Chris Reese Organizations: REUTERS, Chinese Communist Party, Biden, Republican, Former U.S, Thomson Locations: Virginia, Georgia, Alaska , Utah , Indiana , Nebraska , Indiana , Iowa, Kentucky, South Dakota, Montana, Former
The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. The plaintiffs said Morgan Stanley convinced them to invest about $281 million, but hid details of a Brightline preferred share transaction that should have required the loan be prepaid at a "make-whole" amount they estimated at $750 million. Morgan Stanley was also accused of having swapped out one document with the signature of a Certares affiliate, to make it seem like the affiliate had read and agreed to the preferred share transaction. In a statement, Morgan Stanley said "the firm does not believe the claims have merit and will defend itself vigorously." The case is CK Opportunities Fund I LP et al v Morgan Stanley Senior Funding Inc et al, New York State Supreme Court, New York County.
Persons: Morgan Stanley, Andrew Kelly, Morgan, Brightline, Tatiana Bautzer, Jonathan Stempel, Rosalba O'Brien Organizations: New York Stock Exchange, REUTERS, Certares Management, Knighthead Capital Management, Brightline Holdings, Fortress Investment Group, Las, New York, Court, Thomson Locations: Manhattan , New York City, U.S, New York, Manhattan, Florida, Los Angeles, Las Vegas, Brightline, New, Court , New York County
REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsCompanies Starbucks Corp FollowNEW YORK, Sept 18 (Reuters) - Starbucks (SBUX.O) was ordered by a federal judge on Monday to face a lawsuit claiming that several of its Refresher fruit beverages lacked a key ingredient: fruit. Consumers complained that Starbucks' Mango Dragonfruit, Mango Dragonfruit Lemonade, Pineapple Passionfruit, Pineapple Passionfruit Lemonade, Strawberry Açai and Strawberry Açai Lemonade Refreshers contained none of the advertised mango, passion fruit or açai. The judge dismissed a fraud claim, finding no proof Starbucks intended to defraud consumers, and an unjust enrichment claim. Starbucks in a statement called the allegations in the lawsuit "inaccurate and without merit," and said it looked forward to defending itself. The case is Kominis et al v Starbucks Corp, U.S. District Court, Southern District of New York, No.
Persons: Lucas Jackson, John Cronan, Joan Kominis, Jason McAllister, Cronan, Robert Abiri, Jonathan Stempel, Aurora Ellis, Richard Chang, William Maclean Organizations: REUTERS, Companies Starbucks Corp, District, Starbucks, Consumers, Honey Citrus, Starbucks Corp, Court, Southern District of, Thomson Locations: Brooklyn, New York, U.S, Manhattan, Astoria , New York, Fairfield , California, Seattle, Southern District, Southern District of New York
Mexican Acquire Licensing Rights Read moreCHICAGO, Sept 18 (Reuters) - Ovidio Guzman, one of the sons of incarcerated Mexican drug lord Joaquin "El Chapo" Guzman, pleaded not guilty to U.S. fentanyl trafficking charges on Monday in federal court in Chicago, prosecutors said, three days after his extradition from Mexico. Guzman, 33, is one of El Chapo's four sons, known as "Los Chapitos," who inherited their father's trafficking empire after his conviction on U.S. murder and drug charges in 2019. "El Chapo" Guzman is serving a life sentence in a maximum-security prison in Colorado. Guzman was briefly arrested in Culiacan in the northern state of Sinaloa in 2019. "El Chapo" Guzman rose to prominence at the helm of the Sinaloa Cartel and added to his infamy by escaping Mexican prisons not once but twice.
Persons: Ovidio Guzman, Joaquin, El, Guzman, El Chapo's, Ovidio, Andres Manuel Lopez Obrador, Biden, Eric Cox, Joseph Ax, Kanishka Singh, Grant McCool Organizations: Biden, Chicago Tribune, U.S, Tribune, State Department, Thomson Locations: Culiacan, Sinaloa, Mexico, CHICAGO, Chicago, Colorado . U.S, The U.S, U.S, Brooklyn
In granting a preliminary injunction, U.S. District Judge Beth Labson Freeman in San Jose, California, said she was "keenly aware of the myriad harms that may befall children on the internet," but California's law swept too broadly. The law, known as California Age-Appropriate Design Code Act, was passed unanimously last September by the state legislature and signed by Governor Gavin Newsom. The law, modeled after a similar law in the United Kingdom, is scheduled to take effect next July 1. "We look forward to seeing the law permanently struck down and online speech and privacy fully protected," it said. The California case is NetChoice LLC v Bonta, U.S. District Court, Northern District of California, No.
Persons: Dado Ruvic, Beth Labson Freeman, Gavin Newsom, ByteDance's TikTok, NetChoice, Freeman, Rob Bonta, David Ezra, Jonathan Stempel, Peter Henderson, Leslie Adler Organizations: USA, REUTERS, Google, Facebook, District, Free Speech Coalition, Court, Northern District of, Thomson Locations: California, San Jose , California, United Kingdom, U.S, Austin , Texas, Texas, Northern District, Northern District of California, New York, San Francisco
Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon/File Photo Acquire Licensing RightsCompanies Wells Fargo & Co FollowSept 15 (Reuters) - The former head of Wells Fargo's (WFC.N) retail bank on Friday avoided prison time after pleading guilty to an obstruction charge related to the bank's sweeping fake-accounts scandal. Prosecutors had sought a one-year prison term for Tolstedt, but the judge said it would unfairly make Tolstedt appear solely responsible for Wells Fargo's misconduct. That cap remains in place, though Wells Fargo remains the fourth-largest U.S. bank. Wells Fargo has also clawed back tens of millions of dollars of her pay.
Persons: Wells Fargo's, Carrie Tolstedt, Josephine Staton, Wells, Tolstedt, Martin Estrada, Wells Fargo, John Stumpf, Stumpf, Chris Prentice, Jonathan Stempel, Jaiveer Singh, Shounak Dasgupta, Matthew Lewis Organizations: REUTERS, Companies Wells, U.S, San, Wells, Prosecutors, Federal Reserve, Securities and Exchange Commission, Thomson Locations: Wells Fargo Bank, New York City, U.S, Los Angeles, San Francisco, America, Wells, New York, Bengaluru
A Google logo is seen at the Google offices in the Chelsea section of New York City, U.S., January 20, 2023. REUTERS/Shannon Stapleton//File Photo Acquire Licensing RightsCompanies Alphabet Inc FollowARLINGTON, Virginia Sept 15 (Reuters) - U.S. District Judge Leonie Brinkema on Friday declined to order a Justice Department official to stay out of the government's advertising antitrust lawsuit against Alphabet's (GOOGL.O) Google but said the department "should think about it." In November 2021, Google asked the Justice Department to consider requiring Jonathan Kanter, assistant attorney general in charge of antitrust, to recuse himself because of his work for a long list of Google critics. The Justice Department filed the advertising lawsuit in January in Arlington, Virginia, along with eight states, and nine other states joined in April. While Brinkema declined to order Kanter recused, she seemed skeptical during a court hearing that he should be involved and added that the Justice Department should "use some wisdom" in deciding what to do.
Persons: Shannon Stapleton, Leonie Brinkema, Jonathan Kanter, Brinkema, Kanter, David Shepardson, Diane Bartz, Timothy Gardner Organizations: REUTERS, Justice Department, Alphabet's, Google, D.C, Thomson Locations: Chelsea, New York City, U.S, ARLINGTON , Virginia, Arlington , Virginia, Washington, United States
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