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8 mentions found


☆ A former model accused Diddy in a new lawsuit of sexually assaulting and drugging her in 2003. He's now facing 5 suits.
  + stars: | 2024-05-22 | by ( Hannah Getahun | ) www.businessinsider.com   time to read: +4 min
Read previewA former model filed a lawsuit Tuesday, accusing embattled music mogul Sean "Diddy" Combs of sexually assaulting her in 2003. Crystal McKinney, according to a lawsuit obtained by Business Insider, met Combs at a 2003 Men's Fashion Week event in Manhattan when she was 22. According to the lawsuit, McKinney was introduced to Combs by a fashion designer who believed Combs could "advance her modeling career." AdvertisementAccording to the lawsuit, McKinney was invited back to Combs' recording studio and given what she believed to be laced marijuana. One woman said in her suit filed in December that Combs "sex trafficked and gang raped" her as a 17-year-old in 2003.
Persons: —, Sean, Diddy, Combs, Crystal McKinney, McKinney, Comb's, Cassie Ventura, Ventura, Aaron Dyer, Dyer, Mr Organizations: Service, Business, New York's Southern, Court, NYC, Associated Press, CNN, Los Angeles Hotel, Department of Homeland Security Locations: Manhattan, New York's, Los, Los Angeles, Miami
☆ Supreme Court questions opioid liability protections for Sackler family
  + stars: | 2023-12-04 | by ( Lawrence Hurley | ) www.cnbc.com   time to read: +4 min
WASHINGTON — Members of the Supreme Court seemed conflicted on Monday over whether to allow the bankruptcy reorganization of opioid maker Purdue Pharma, which includes a provision that protects the Sackler family from liability from future lawsuits. During the oral argument, justices expressed skepticism that a bankruptcy court had legal authority to release the Sacklers from potential legal claims. No Sackler family member has had any involvement in the company since 2019. The company sought bankruptcy protection, but the Sackler family members did not. She added that it would be "an extraordinary thing" if the court allowed the family to "basically subvert" the bankruptcy process.
Persons: Sackler, Pharm, Biden, Neil Gorsuch, Brett Kavanaugh, Elena Kagan's, Kagan, Pratik Shah, Elizabeth Prelogar Organizations: WASHINGTON, Purdue Pharma, New York's Southern, Federal Court, Purdue Locations: New York's, White Plains
☆ Exclusive: Carta is suing yet another former employee to prevent the release of damaging recordings of its executives and board members
  + stars: | 2023-09-28 | by ( Darius Rafieyan | ) www.businessinsider.com   time to read: +3 min
Tech unicorn Carta filed a lawsuit in the Northern District of California in August against its former Chief Product Officer Heidi Johnson, demanding she turn over secret recordings of the company's top executives and board members. It's the second time the company has gone to federal court in order to prevent the release of what it says are damaging recordings. In court documents reviewed by Insider, Carta states that Johnson was fired in November 2022 for having a "polarizing" management style and for taking unauthorized leave. Shortly after her termination, both Johnson and Talton filed complaints with the company's board raising issues about her firing and the conduct of CEO Henry Ward. Additionally, Carta is seeking monetary damages from Johnson for breach of contract with the amount to be determined at trial.
Persons: Carta, Heidi Johnson, It's, Johnson, Andreessen Horowitz, Jerry Talton, Talton, Henry Ward, Lindaur, Emily Kramer Organizations: Northern District of, Lightspeed, New York's Southern, Carta Locations: Northern District, Northern District of California, Silicon, New York's, New York's Southern District, Carta
☆ Supreme Court blocks Purdue Pharma's $6 billion opioid settlement, will hear challenge
  + stars: | 2023-08-10 | by ( Dan Mangan | ) www.cnbc.com   time to read: +1 min
(Prescription Addiction Intervention Now) and Truth Pharm staged a rally and die-in outside New York's Southern District Federal Court in White Plains. The Supreme Court on Thursday blocked for now a $6 billion bankruptcy settlement by Purdue Pharma that would protect its Sackler family owners from civil lawsuits related to the opioid crisis. The Supreme Court also said it will hear a challenge to the settlement by Purdue, the maker of the opioid OxyContin, by a U.S. Bankruptcy trustee. There were no dissents by any of the court's justices in the order granting the requested hold. The case will be argued in December at the high court.
Persons: Pharm Organizations: New York's Southern, Federal Court, Purdue Pharma, Purdue, U.S Locations: New York's, White Plains
☆ Stocks making the biggest moves premarket: AT&T, Microsoft, JPMorgan, Citi and more
  + stars: | 2023-07-14 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
The company reported an adjusted $4.37 per share and $42.4 billion in revenue, while analysts polled by Refinitiv estimated $4 a share and $38.96 billion. Wells reported an adjusted $1.25 per share and $20.53 billion in revenue, while analysts polled by Refinitiv forecasted $1.16 per share and $20.12 billion. Citi -- Citi stock added nearly 2% in premarket trading after beating on earnings. Analysts polled by Refinitiv forecasted $1.30 per share and $19.29 billion. The company reported an adjusted $6.14 per share and $92.9 billion in revenue while analysts polled by Refinitiv forecasted $5.99 and $91 billion.
Persons: JPMorgan Chase, Wells Fargo, Wells, Sarah Min Organizations: JPMorgan, Refinitiv, Citi, BlackRock, Northland Capital Markets, Microsoft, UBS, UnitedHealth, Alcoa Locations: New York, U.S, New York's
☆ A New York hospital is suing another because it used a 'confusingly similar' shade of purple
  + stars: | 2023-06-16 | by ( Rebecca Cohen | ) www.businessinsider.com   time to read: +4 min
NYU Langone is suing Northwell Health, alleging it created "confusingly similar advertisements." "This case is about deceptive business practices," lawyers for NYU Langone wrote in the lawsuit. NYU Langone filed a lawsuit Thursday alleging that neighboring New York hospital system and known competitor, Northwell Health, copied its signature purple-colored advertisements to create "confusingly similar advertisements" in the New York area. "This case is about deceptive business practices," lawyers for NYU Langone wrote in the lawsuit. In a response to the suit, Northwell Health called NYU's claims "preposterous."
Persons: NYU Langone, Northwell, Steve Ritea, Ritea, Ramon Soto Organizations: NYU, Northwell, Morning, New York's Southern, Court, NYU Langone, US News Locations: New York, New York's, United States
☆ Once valued at nearly $6 billion, Vice files for bankruptcy
  + stars: | 2023-05-15 | by ( Claire Atkinson | Cheryl Teh | ) www.businessinsider.com   time to read: +4 min
Vice filed for bankruptcy, wiping out equity holders who poured in hundreds of millions, including TPG and James Murdoch. The company filed for Chapter 11 bankruptcy on Monday in New York's Southern District Court. The company's filing listed assets and liabilities in the range of $500 million to $1 billion. Vice had run multiple sales processes with a range of different banks but never received an offer palatable to its owners. The bankruptcy filing reveals just how many companies and investors pinned their hopes on Smith's hype about the potential growth trajectory of the TV and online venture.
☆ Tucker Carlson's history of alleged workplace sexism stretches back to 2015, long before Abby Grossberg
  + stars: | 2023-04-26 | by ( Katherine Long | ) www.businessinsider.com   time to read: +10 min
Possible rationales include Murdoch's contempt for Carlson's religiosity and Carlson's insistence on hewing to conspiracy theories about the January 6, 2021 insurrection at the U.S. Capitol. Internal correspondence unearthed in a defamation lawsuit against Fox News showed Carlson used sexist expletives to refer to a female Fox executive and a guest. The company last week agreed to pay $787.5 million to settle a defamation lawsuit brought by Dominion Voting Systems. Carlson was one of many Fox News hosts who promoted false election conspiracies, the subject of the defamation suit, on their shows. Fox News is still facing a similar defamation suit from another voting machine manufacturer.
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