DIRS.INFO The most relevant business & tech news

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsCompanies B2x Corp FollowTesla Inc FollowSept 8 (Reuters) - Elon Musk's X Corp sued California on Friday over a state law establishing new transparency rules for social media companies, requiring them to publish their policies for policing disinformation, harassment, hate speech and extremism. In a complaint filed in federal court in Sacramento, California, X said the law's "true intent" was to pressure social media companies into eliminating content the state found objectionable. AB 587 requires social media companies with at least $100 million of gross annual revenue to issue semiannual reports that describe their content moderation practices, and provide data on the numbers of objectionable posts and how they were addressed. Gavin Newsom, California's Democratic governor, signed the law last September, saying the state would not let social media be "weaponized" to spread hate and disinformation.

Persons: Carlos Barria, Elon, Bill, X, Musk, Rob Bonta, Gavin Newsom, A.J, Brown, Jonathan Stempel, David Gregorio, Aurora Ellis Organizations: REUTERS, Elon Musk's X Corp, Twitter, U.S, Defamation League, Center, SpaceX, Democratic, ADL, X Corp, Court, Eastern District of, Thomson Locations: San Francisco , California, U.S, California, Sacramento , California, Eastern District, Eastern District of California, New York

President Joe Biden's administration has said it plans to appeal the 5th Circuit's decision as well. The 5th Circuit's decision partially sided with the anti-abortion groups and doctors who challenged mifepristone. In April, the Supreme Court granted emergency requests by the Justice Department and the pill's manufacturer Danco Laboratories to put on hold Kacsmaryk's order while litigation continued. Mifepristone is taken with another drug called misoprostol to perform medication abortion, which accounts for more than half of all U.S. abortions. Since last year's Supreme Court decision, at least 14 U.S. states have put in place outright abortion bans while many others prohibit abortion after a certain length of pregnancy.

Persons: Evelyn Hockstein, mifepristone, Joe Biden's, Jessica Ellsworth, Circuit upended, Matthew Kacsmaryk, Roe, Wade, Andrew Chung, Will Dunham Organizations: Alamo Women's, REUTERS, U.S, Supreme, Danco Laboratories, New, Circuit, U.S . Food, Drug Administration, FDA, Justice Department, mifepristone, Republican, Alliance for Hippocratic Medicine, Defending, Thomson Locations: Carbondale , Illinois, U.S, New Orleans, Amarillo , Texas, New York

REUTERS/Yuri Gripas/File Photo Acquire Licensing RightsCompanies Intuit Inc FollowWASHINGTON, Sept 8 (Reuters) - The Federal Trade Commission's (FTC) administrative law judge ruled on Friday that Intuit Inc., the maker of the popular TurboTax tax filing software, engaged in deceptive advertising and deceived consumers when it ran ads for “free” tax products and services, the FTC said in a statement. Intuit had revealed the ruling last week and the FTC statement confirmed the findings on Friday. The company must also disclose whether any good or service is not free to a majority of U.S. taxpayers, it said. Intuit on Friday called the ruling "groundless" and said it will appeal. "Intuit has always been clear, fair, and transparent with our customers and we remain committed to providing free tax preparation," it said in a statement.

Persons: Yuri Gripas, Michael Chappell, Doina, Jasper Ward, Aurora Ellis Organizations: Federal Trade Commission, REUTERS, Intuit, WASHINGTON, Federal Trade Commission's, Intuit Inc, FTC, Internal Revenue Service, Thomson Locations: Washington , U.S, U.S

A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit Tessier Acquire Licensing RightsCompanies Meta Platforms Inc FollowSept 8 (Reuters) - A U.S. federal judge said Meta Platforms (META.O) must face a lawsuit claiming that it violated the medical privacy of patients who were treated by hospitals and other healthcare providers that used its Meta Pixel tracking tool. According to the plaintiffs, Meta Pixel provided sensitive information about their health to Meta when they logged into patient portals, where the tracking tool had been installed, enabling Meta to make money from targeted advertising. When the litigation began in June 2020, lawyers for one plaintiff said they had found at least 664 hospitals and other healthcare providers that used Meta Pixel. The case is In re Meta Pixel Healthcare Litigation, U.S. District Court, Northern District of California, No.

Persons: Benoit Tessier, William Orrick, Meta, Orrick, John Doe, Jane Doe, Jonathan Stempel, Jason Neely Organizations: Meta, Inc, Viva Technology, Porte de, REUTERS, U.S, Facebook, Menlo, Healthcare, Court, Northern District of, Thomson Locations: Porte, Paris, France, San Francisco, California, Menlo Park , California, Northern District, Northern District of California, New York

U.S. Supreme Court Associate Justice Samuel A. Alito Jr. poses during a group portrait at the Supreme Court in Washington, U.S., October 7, 2022. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsSept 8 (Reuters) - U.S. Supreme Court Justice Samuel Alito on Friday rejected a push by Senate Democrats to have him recuse from a tax case that involves an attorney who interviewed him for a newspaper article and helped him "air his personal grievances." Alito, in a statement attached to a routine order issued by the court in the case, Moore v. United States, said, "There is no valid reason for my recusal in this case." "Mr. Rivkin's access to Justice Alito and efforts to help Justice Alito air his personal grievances could cast doubt on Justice Alito's ability to fairly discharge his duties in a case in which Mr. Rivkin represents one of the parties," the senators stated. The case in which he is involved was never mentioned; nor did we discuss any issue in that case either directly or indirectly."

Persons: Samuel A, Alito Jr, Evelyn Hockstein, Samuel Alito, Alito, Moore, Dick Durbin, John Roberts, Alito recuses, Charles, Kathleen Moore, David Rivkin Jr, Alito's, Rivkin, Andrew Chung, Grant McCool Organizations: Supreme, REUTERS, Democrats, Democratic, Thomson Locations: Washington , U.S, United States, New York

The logo of Universal Entertainment Corp. is seen at the company's headquarters in Tokyo, Japan, June 29, 2017. REUTERS/Toru Hanai/file photo Acquire Licensing RightsWILMINGTON, Del., Sept 7 (Reuters) - A Delaware judge ruled on Thursday that an affiliate of Japan's Universal Entertainment Corp (6425.T) does not have to complete a SPAC merger deal with 26 Capital Acquisition Corp that related to the largest casino in the Philippines. Vice Chancellor Travis Laster said the Universal Entertainment affiliate did not have to complete the 2021 merger agreement in part because 26 Capital Acquisition "engaged in conduct that should not be rewarded" by ordering the deal to close. Laster said 26 Capital could still seek damages, which he would address at a later date. Reporting by Tom Hals in Wilmington, Delaware; additional reporting by Jonathan Stempel; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Toru Hanai, Chancellor Travis Laster, Laster, Tom Hals, Jonathan Stempel, Leslie Adler Organizations: Universal Entertainment Corp, REUTERS, Rights, Japan's Universal Entertainment Corp, Corp, Universal Entertainment, Thomson Locations: Tokyo, Japan, Rights WILMINGTON, Del, Delaware, Philippines, Wilmington , Delaware

NEW YORK, Sept 6 (Reuters) - A New York state judge on Wednesday rejected Donald Trump's bid to delay a scheduled Oct. 2 trial in state Attorney General Letitia James' civil fraud lawsuit accusing him, family members and his business of overvaluing assets by billions of dollars. The judge had earlier this year said the Oct. 2 trial date would not change "come hell or high water." [1/2]Former U.S. President Donald Trump departs from Trump Tower to give a deposition to New York Attorney General Letitia James who sued Trump and his Trump Organization, in New York City, U.S., April 13, 2023. The defendants have denied wrongdoing, and Trump has called James' case part of a partisan "witch hunt." Despite his legal problems, Trump has a dominating lead for the 2024 Republican presidential nomination.

Persons: Donald Trump's, Letitia James, Arthur Engoron, Trump, James, Engoron, Donald Trump, Mike Segar, Donald Trump Jr, Eric Trump, Jean Carroll, Jonathan Stempel, Nick Zieminski, Daniel Wallis Organizations: Trump, U.S, Trump Tower, New York, Trump Organization, REUTERS, Thomson Locations: York, New, New York City, U.S, New York

Trump is appealing the May 9 jury verdict, as well as Kaplan's June 29 refusal to dismiss the current lawsuit, to the 2nd U.S. REPUTATIONAL HARMIn his 25-page decision, Kaplan said the May 9 jury verdict eliminated the need to relitigate the alleged attack. Kaplan also said the verdict precluded Trump from arguing that his June 2019 statements, which were similar to his October 2022 statements, were not defamatory. On Aug. 18, Judge Kaplan called Trump's appeal of his decision to let the second case go to trial "frivolous." In his June 2019 statements, Trump also disparaged Carroll by saying "she's not my type" and the alleged rape "never happened."

Persons: Donald Trump, Lindsay DeDario, Jean Carroll, District Judge Lewis Kaplan, Trump, Carroll, Kaplan, Goodman, she's, Trump's, Roberta Kaplan, Judge Kaplan, Jonathan Stempel, William Maclean Organizations: U.S, Republican, REUTERS, District, Circuit, Elle, Carroll, Trump, Court, Southern District of, Thomson Locations: Erie , Pennsylvania, U.S, Manhattan, Trump, Southern District, Southern District of New York, New York

[1/2] Former U.S. President Donald Trump departs from Trump Tower to give a deposition to New York Attorney General Letitia James who sued Trump and his Trump Organization, in New York City, U.S., April 13, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Sept 6 (Reuters) - Donald Trump has asked a New York judge to delay a scheduled Oct. 2 trial in state Attorney General Letitia James' civil fraud lawsuit against the former U.S. president and his family business. Trump accused James of ignoring a June appeals court decision that found some of her claims were based on transactions that took place too long ago. "The court and the defendants are entitled to know the claims and issues to be tried sufficiently in advance to prepare adequately for trial." Reporting by Jonathan Stempel in New York Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Donald Trump, Letitia James, Trump, Mike Segar, James, Jonathan Stempel, Nick Zieminski Organizations: U.S, Trump Tower, New York, Trump Organization, REUTERS, Thomson Locations: New, New York City, U.S, York, New York

The logo of Amazon is seen on the company's logistics centre in Boves, near Amiens, France, April 8, 2022. The lawsuit will target the company's logistics program, Fulfillment by Amazon, pricing on its website by third-party sellers and will suggest "structural remedies" that could break the company up, the report said on Tuesday. Amazon and the regulator declined to comment when contacted by Reuters. Amazon has been criticized for allegedly favoring its own products and disfavoring outside sellers on its platform, among other allegations. Reporting by Akash Sriram in Bengaluru and Diane Bartz in Washington; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Christian Hartmann, Donald Trump's, Lina Khan, Akash Sriram, Diane Bartz, Sriraj Organizations: REUTERS, U.S . Federal Trade, Amazon.com, Wall Street Journal, Reuters, Google, Apple, Yale, Amazon, Thomson Locations: Boves, Amiens, France, Bengaluru, Washington

In a complaint filed in Manhattan bankruptcy court, Genesis is seeking to recoup $500 million that DCG borrowed under four loans. In a statement on Wednesday, DCG said it expects to file a settlement with the bankruptcy court soon. Genesis filed for Chapter 11 protection from creditors in January, two months after halting withdrawals. The cases are Genesis Global Capital LLC v. Digital Currency Group Inc, U.S. Bankruptcy Court, Southern District of New York, No. 23-ap-01168; and Genesis Global Capital LLC v. DCG International Investments Ltd in the same court, No.

Persons: Dado Ruvic, Genesis, DCG, Barry Silbert, Jonathan Stempel, Stephen Coates Organizations: REUTERS, Group, Genesis Global Capital, Digital Currency Group International, Arrows Capital, Alameda Research, Genesis Global, LLC, Digital Currency Group Inc, Bankruptcy, Southern District of, DCG, Investments Ltd, Thomson Locations: Manhattan, Southern District, Southern District of New York, New York

Former U.S. President Donald Trump arrives at Trump Tower after giving a deposition to New York Attorney General Letitia James who sued him and his Trump Organization, in New York City, U.S., April 13, 2023. Trump, the frontrunner for the 2024 Republican presidential nomination, was charged in August in an indictment alleging he and his co-defendants conspired to pressure Georgia election officials to reverse his loss to Democratic President Joe Biden. Several defendants have filed similar motions to sever, and some are seeking to move their cases from state to federal court. Prosecutors countered that all of the defendants are implicated in the same scheme to overturn Georgia’s election results. Trump is set to face three other criminal trials next year, further complicating the schedule in the Georgia case.

Persons: Donald Trump, Letitia James, Bing Guan, Scott McAfee, Sidney Powell, Kenneth Chesebro, Scott Grubman, Trump, Joe Biden, Prosecutors, McAfee, Powell, Chesebro, Fani Willis, Jack Queen, Noeleen Walder, Daniel Wallis Organizations: U.S, Trump, New York, Trump Organization, REUTERS, Chesebro, Democratic, Prosecutors, White, Thomson Locations: New, New York City, U.S, Georgia, Fulton County, Atlanta, Florida, Washington

Former U.S. President and Republican presidential candidate Donald Trump smiles during a campaign rally in Windham, New Hampshire, U.S., August 8, 2023. Woodward currently represents Walt Nauta, one of the two Trump employees also charged in the documents case, in addition to having previously represented the IT head, who is not named in Wednesday's filing. But he suggested in Wednesday's filing that prosecutors' handling of the IT manager's testimony was improper. Prosecutors have charged Trump, Nauta and a third Mar-a-Lago employee, Carlos De Oliveira, with trying to thwart government efforts to retrieve sensitive documents taken to the Florida resort after Trump left office. Prosecutors said in an August court filing that the witness initially denied any knowledge of obstruction.

Persons: Donald Trump, Reba Saldanha, Jack Smith’s, Stanley Woodward, Woodward, Walt Nauta, Aileen Cannon, Trump, Joe Biden, Yuscil Taveras, Nauta, Taveras, Carlos De Oliveira, Prosecutors, Andrew Goudsward, Scott Malone, Andrea Ricci Organizations: U.S, Republican, REUTERS, Rights, Trump's, Walt, Trump, IT, Prosecutors, Democratic, Politico, CNN, Thomson Locations: Windham , New Hampshire, U.S, Lago Florida, Florida

At issue was whether the Republican-drawn map violated a bedrock federal civil rights law, the 1965 Voting Rights Act, that prohibits racial discrimination in voting. "We have now said twice that this Voting Rights Act case is not close," the judges wrote. Alabama's Republican Secretary of State Wes Allen in filings submitted to the lower court disclosed plans to appeal to the Supreme Court and the Atlanta-based 11th U.S. The Supreme Court in June allowed a challenge to Louisiana's congressional map to advance. The Voting Rights Act was passed at a time when Southern states including Alabama enforced policies blocking Black people from casting ballots.

Persons: Terri Sewell, Michael A, McCoy, Steve Marshall, Wes Allen, Ron DeSantis, Joseph Ax, John Kruzel, Colleen Jenkins, Bill Berkrot, Will Dunham Organizations: Republican, U.S, Supreme, Democratic, U.S . House, Democratic U.S, Selma Fire, REUTERS, Circuit, Appeals, NAACP, Republicans, Thomson Locations: U.S, Alabama, Birmingham, Selma, Selma , Alabama, Atlanta, Florida, Black

Under the Republican map, only one of the state's seven congressional districts is majority Black, even though Black residents make up more than a quarter of the state's population. The office of Attorney General Steve Marshall, a Republican, said the state would appeal to the U.S. Supreme Court. The plaintiffs who challenged Alabama's map, including the state chapter of the NAACP, in a joint statement said: "Alabama openly admits its intention to defy the law and the U.S. Supreme Court. The Supreme Court also in June allowed a challenge to Louisiana's congressional map to advance. A federal court has ordered lawmakers to draw a second majority-Black district, and a U.S. appeals court is set to review the case next month.

Persons: Michael A, McCoy, Terri Sewell, Steve Marshall, Ron DeSantis, Joseph Ax, Colleen Jenkins, Bill Berkrot Organizations: Democratic, Selma Fire, REUTERS, Republican, Democratic U.S, U.S, Supreme, NAACP, Republicans, U.S . House, Representatives, Thomson Locations: Selma, Selma , Alabama, U.S, Birmingham, Alabama, Florida, Black

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies Prime Group Holdings Llc FollowNEW YORK, Sept 5 (Reuters) - Prime Group Holdings LLC, a private equity firm based in Saratoga Springs, New York, has agreed to pay $20.5 million to settle U.S. Securities and Exchange Commission charges related to disclosure failures, the regulator said on Tuesday. Prime Group failed to adequately disclose millions of dollars in real estate brokerage fees paid to a firm owned by its CEO. Prime Group did not adequately disclose to its investors that an affiliated firm was booking real estate brokerage fees related to an investment fund the group launched in 2017, the SEC said. A representative for Prime Group, which did not admit or deny the SEC's charges, declined to comment.

Persons: Andrew Kelly, Chris Prentice, Chizu Nomiyama, Jonathan Oatis Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Prime Group Holdings, U.S, Securities, Exchange, Prime, SEC, Prime Group, Thomson Locations: Washington ,, Saratoga Springs , New York

Instead, a court-appointed special master will be tasked with creating a new map ahead of next year's vote. "And we are deeply troubled that the State enacted a map that the State readily admits does not provide the remedy we said federal law requires." Under the Republican map, only one of the state's seven congressional districts is majority Black, even though Black residents make up more than a quarter of the state's population. The panel first intervened in 2022, ruling that an earlier Republican plan was illegal. The Supreme Court also ruled in June that a challenge to Louisiana's congressional map could advance.

Persons: Michael A, McCoy, Terri Sewell, Ron DeSantis, Joseph Ax, Colleen Jenkins, Bill Berkrot Organizations: Democratic, Selma Fire, REUTERS, Republican, Democratic U.S, U.S, Supreme, Republicans, U.S . House, Representatives, NAACP, Thomson Locations: Selma, Selma , Alabama, U.S, Birmingham, Alabama, Florida, Black

White House Chief of Staff Mark Meadows speaks to reporters following a television interview, outside the White House in Washington, U.S. October 21, 2020. REUTERS/Al Drago/File photo Acquire Licensing RightsWASHINGTON, Sept 5 (Reuters) - Former White House Chief of Staff Mark Meadows pleaded not guilty on Tuesday to charges in the Georgia election subversion case, joining two other allies of former President Donald Trump. Meadows went from being one of Trump's top Republican allies in the U.S. House of Representatives to becoming his White House chief of staff. Meadows attended White House meetings related to attempts to undo Trump's election defeat. Eastman represented Trump in a long-shot lawsuit to overturn voting results in four states Trump lost in 2020.

Persons: Mark Meadows, Al Drago, Donald Trump, John Eastman, Jeffrey Clark, Trump's, Democrat Joe Biden, Trump, Meadows, Frances Watson, Fulton, Brad Raffensperger, Eastman, Jack Smith's, Mike Pence, Biden, Clark, Jeffrey Rosen, Smith, Rosen, Rudy Giuliani, Doina Chiacu Organizations: White, REUTERS, Rights, White House, Fulton County Superior Court, Republican, Democrat, U.S . House, Trump, U.S, Electoral College, Justice Department, Department, Thomson Locations: Washington , U.S, Georgia, Meadows, Fulton County, U.S, Georgia's Fulton

The insurer said the rule, which would apply retroactively, was "arbitrary and capricious," and threatened "unpredictable consequences for Medicare Advantage organizations and the millions of seniors who rely on the Medicare Advantage program for their healthcare." Close to half of the approximately 65 million Medicare enrollees sign up for Medicare Advantage. Medicare Advantage plans differ from traditional Medicare because private companies offer them, and are reimbursed by the government for care. Though Humana is based in Louisville, Kentucky, it filed its lawsuit with the U.S. District Court in the Northern District of Texas. The case is Humana Inc et al v Becerra et al, U.S. District Court, Northern District of Texas, No.

Persons: Andrew Kelly, Humana, Biden, Xavier Becerra, District Judge Reed O'Connor, Becerra, Jonathan Stempel, Leroy Leo, Richard Chang Organizations: Humana Inc, REUTERS, U.S, overcharges, Medicare, Services, Jan, U.S . Department of Health, Human Services, CMS, Northern District of Texas, District, Fort, Affordable, Court, Northern District of, Thomson Locations: Queens , New York City, U.S, Louisville , Kentucky, Northern District, Northern District of Texas, New York, Bengaluru

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

[1/3] People protest agains the controversial "Cop City" project as the clear cutting of trees begins near Atlanta, Georgia, U.S., March 31, 2023. The defendants were charged with violations of the Racketeer Influenced and Corrupt Organizations Act, commonly known as the RICO Act. "Each individual charged in this indictment knowingly joined the conspiracy in an attempt to prevent the training center from being built," the indictment reads. "The movement to prevent the development of Cop City is a fight against hundreds of years of racialized violence and ecological destruction," the website says. Clearing of the training center site has already begun, but a petition has circulated in Atlanta demanding a halt to the project pending a referendum.

Persons: Cheney Orr, Molotov, Rayshard Brooks, George Floyd, Rich McKay, Bill Berkrot Organizations: REUTERS, Rights, Atlanta, Atlanta Forest, Public Safety Training, Police, Thomson Locations: Atlanta , Georgia, U.S, Atlanta, DeKalb County, Minneapolis, Cop

[1/4] A helicopter makes a water drop over the Bobcat Fire burning near Mount Wilson in the Angeles National Forest, near Los Angeles, U.S., September 23, 2020. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsSept 1 (Reuters) - The U.S. government on Friday sued Southern California Edison, accusing the Edison International (EIX.N) unit of negligence that caused the 2020 Bobcat Fire, which burned close to 180 square miles (466 sq km) in one of the largest wildfires ever in Los Angeles County. It is common for utilities to be sued over wildfire damage, though many lawsuits are filed privately. The case is U.S. v Southern California Edison Co et al, U.S. District Court, Central District of California, No. Reporting by Jonathan Stempel in New York; editing by Jonathan Oatis and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Mario Anzuoni, Reggie Kumar, Jonathan Stempel, Jonathan Oatis, Sandra Maler Organizations: Angeles National Forest, REUTERS, U.S, Friday, Southern California Edison, Edison International, SCE, Service, underwood, Pacific Gas &, Court, District of, Thomson Locations: Mount Wilson, Los Angeles , U.S, Los Angeles County, Los Angeles, San Gabriel, California, U.S, District, District of California, New York

Payouts will come from a "fair fund" created under a settlement between Musk and the U.S. Securities and Exchange Commission, arising from Musk's August 2018 post on Twitter that he had "funding secured" for a Tesla buyout. The fund was originally $40 million, with Musk and Tesla each contributing $20 million, and grew to $42.3 million with interest payments. Last week, the SEC said 3,350 claimants would share the $41.53 million payout, recouping 51.7% of their losses. He is expected to ask the U.S. Supreme Court to throw out an appeals court decision upholding the decree. The case is SEC v Musk et al, U.S. District Court, Southern District of New York, No.

Persons: Elon Musk, Ludovic Marin, Musk, Jonathan Stempel, Andy Sullivan Organizations: SpaceX, Twitter, Chateau, REUTERS Acquire, U.S . Securities, Exchange Commission, SEC, Supreme, Forbes, Court, Southern District of, Thomson Locations: Versailles, Paris, France, U.S, Southern District, Southern District of New York, New York

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. SEC Chair Gary Gensler said the rules will increase transparency and competition in the private funds industry, which oversees around $20 trillion in assets and has been accused by advocacy groups of opacity and conflicts of interest. The changes require private funds to issue quarterly fee and performance reports and to perform annual audits. Bryan Corbett, chief executive officer of the Managed Funds Association (MFA), said the rules will increase costs for investors and curb competition, he added. The other petitioners are the National Venture Capital Association, American Investment Council, Alternative Investment Management Association, National Association of Private Fund Managers and the Loan Syndications & Trading Association.

Persons: Andrew Kelly, Gary Gensler, Bryan Corbett, Carolina Mandl, Jonathan Oatis, Peter Graff, Cynthia Osterman Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Friday, Funds, U.S, Circuit, Appeals, National Venture Capital Association, American Investment Council, Alternative Investment Management Association, National Association of Private Fund, Trading Association, Gensler's SEC, Thomson Locations: Washington ,, New York

Former attorney Michael Avenatti exits after the guilty verdict in his criminal trial, at the United States Courthouse in the Manhattan borough of New York City, U.S., February 4, 2022. REUTERS/Brendan McDermid Acquire Licensing RightsCompanies Nike Inc FollowNEW YORK, Aug 30 (Reuters) - A federal appeals court on Wednesday refused to overturn Michael Avenatti's conviction for extorting Nike (NKE.N), setting back the disgraced celebrity lawyer's effort to shorten his potential 19-year stay in prison. Avenatti, 52, gained fame in 2018 while representing porn actress Stormy Daniels in litigation against then-U.S. President Donald Trump. A federal public defender representing Avenatti did not immediately respond to requests for comment. Circuit Court of Appeals, No.

Persons: Michael Avenatti, Brendan McDermid, Michael Avenatti's, Avenatti's, Stormy Daniels, Donald Trump, Avenatti, Gary Franklin, Franklin, Reena Raggi, Daniels, Jonathan Stempel Organizations: United, Courthouse, REUTERS, Nike, U.S, Circuit, Prosecutors, Avenatti, Thomson Locations: Manhattan, New York City, U.S, New York

Search resuls for: "Shearman"

25 mentions found