DIRS.INFO The most relevant business & tech news

[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.

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.

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.

"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.

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.

CompaniesCompanies Law Firms Conocophillips FollowApril 3 (Reuters) - A federal judge on Monday rejected a bid by environmentalists to temporarily suspend the U.S. government’s approval of ConocoPhillips' (COP.N) multibillion-dollar oil drilling project in Alaska’s Arctic. Gleason said an injunction was inappropriate because the groups wouldn't be irreparably harmed by the construction that ConocoPhillips has scheduled for this month, which includes building roads and a gravel mine. Bridget Psarianos, an attorney challenging the approval, called the planned construction schedule "aggressive" and said the judge's decision is "heartbreaking." The approvals for the project in northern Alaska give ConocoPhillips permission to construct three drill pads, 25.8 miles of gravel roads, an air strip and hundreds of miles of ice roads. The 30-year project would produce up to 180,000 barrels of oil per day at its peak, according to the company.

REUTERS/Andrew KellyApril 3 (Reuters) - A Delaware judge on Monday dismissed Merck & Co's (MRK.N) lawsuit seeking to hold Bayer AG (BAYGn.DE) responsible for more talc-related liabilities stemming from its $14.2 billion purchase of Merck's consumer care business in 2014. Bayer welcomed the decision, saying that it expected Merck to "take full responsibility for the product claims". "Bayer will continue to defend itself against any further efforts by Merck to avoid or improperly transfer its liabilities to Bayer," the company said in a statement. The $14.2 billion purchase also included Merck's Claritin allergy medicine and Coppertone sunscreen lines. The case is Merck & Co v. Bayer AG, Delaware Chancery Court, No.

Companies Johnson & Johnson FollowApril 4 (Reuters) - A Johnson & Johnson (JNJ.N) subsidiary filed for bankruptcy a second time on Tuesday, seeking to complete a $8.9 billion settlement of lawsuits alleging that its baby powder and other talc products cause cancer. J&J subsidiary LTL Management's first bankruptcy was dismissed earlier on Tuesday, after an appellate court ruled that the neither J&J not LTL were in the type of "financial distress" that made them eligible for bankruptcy. The new bankruptcy filing includes a proposal to pay $8.9 billion over 25 years to resolve all current and future talc claims, according to J&J. The settlement is supported by over 60,000 current claimants, J&J said in a statement. J&J said that its settlement is not an admission of wrongdoing, nor an indication that the company has changed its longstanding position that its talcum powder products are safe.

Companies JPMorgan Chase & Co FollowNEW YORK, April 4 (Reuters) - The U.S. government on Tuesday filed criminal charges accusing Charlie Javice, the founder of the now-shuttered college financial planning company Frank, of defrauding JPMorgan Chase & Co (JPM.N) into buying the startup for $175 million in 2021. Prosecutors said that when JPMorgan asked for a list of names, Javice paid an unnamed data science professor $18,000 to concoct a sham list of names. JPMorgan shut down Frank in January, and Chief Executive Jamie Dimon branded the acquisition a "huge mistake" in a Jan. 13 conference call with analysts. In December, JPMorgan sued Javice and Olivier Amar, who was Frank's chief growth officer, in Delaware federal court. Javice filed counterclaims in February, accusing JPMorgan of having "compromised her reputation" and wrongfully withheld $28 million of retention payments and equity.

Two former college athletes filed the complaint against the NCAA, which is the governing body for U.S. intercollegiate sports, and a group of its member conferences. The lawsuit alleged an unlawful conspiracy to bar cash awards for academic success. The suit seeks to represent a class of "thousands" of current and former student athletes who competed on a Division I team starting in April 2019, before the academic awards were permitted. The complaint said the NCAA, its league conferences and member schools "generate billions of dollars a year in revenues from Division I sports." The plaintiffs "did not receive the academic achievement awards that they would have received in a competitive market," the complaint alleges.

Industry Insight Insights in Action: Corporate law departments find their outside firms’ innovation lagging, but there may be little incentive to changeZach Warren March 24, 2023

NEW YORK, March 31 (Reuters) - Bed Bath & Beyond Inc (BBBY.O) was sued on Friday by Mark Tritton, who was ousted last June as chief executive of the troubled home goods retailer, in a complaint accusing the company of failing to honor his $6,765,000 severance agreement. In those discussions, Bed Bath & Beyond "conceded Tritton was (and is) entitled" to severance payments, under his agreement dated four days after he was replaced as chief executive, the complaint said. Bed Bath & Beyond did not immediately respond to requests for comment after business hours. Bed Bath & Beyond is closing hundreds of stores, and on Thursday announced plans to sell up to $300 million of stock. Shares of Bed Bath & Beyond closed down 16.6 cents at a record closing low of 42.7 cents on Friday.

[1/2] The statue of a scout stands in the entrance to Boy Scouts of America headquarters in Irving, Texas, February 5, 2013. More than a dozen insurers, including Liberty Mutual Insurance Company, have said the Boy Scouts' bankruptcy settlement puts them on the hook for paying "thousands of invalid and questionable claims." The Boy Scouts settlement, approved in bankruptcy court in September, was supported by 86% of abuse claimants and the Boy Scouts' two largest insurers. The Boy Scouts organization said Friday it would oppose any effort to delay bankruptcy exit. The Boy Scouts filed for bankruptcy in February 2020 after several U.S. states enacted laws allowing accusers to sue over decades-old abuse allegations.

[1/2] A photo of Elon Musk is displayed on a smartphone placed on representations of cryptocurrency Dogecoin in this illustration taken June 16, 2022. REUTERS/Dado Ruvic/Illustration/NEW YORK, March 31 (Reuters) - Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc (TSLA.O) called the lawsuit by Dogecoin investors a "fanciful work of fiction" over Musk's "innocuous and often silly tweets" about Dogecoin. They said this generated billions of dollars of profit at other Dogecoin investors' expense, even as Musk knew the currency lacked intrinsic value. The $258 billion damages figure is triple the estimated decline in Dogecoin's market value in the 13 months before the lawsuit was filed.

[1/2] The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California, Sept. 24, 2013. The investor lawsuits in the U.S. District Court, Southern District of New York are Tan v. Goldman Sachs Group Inc et al, No. 21-08413; Florio v. Goldman Sachs Group Inc et al, No. 21-10286; Scully v. Goldman Sachs Group Inc et al, No. 21-10791, and Lee v. Goldman Sachs Group Inc et al, No.

[1/2] The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California, Sept. 24, 2013. REUTERS/Mike Blake/File PhotoNEW YORK, March 31 (Reuters) - A U.S. judge on Friday dismissed lawsuits by investors who accused Goldman Sachs Group Inc (GS.N) and Morgan Stanley (MS.N) of engaging in market manipulation before the collapse of Bill Hwang's investment firm Archegos Capital Management LP. U.S. District Judge Paul Crotty in Manhattan rejected claims that the Wall Street banks, two of Archegos' prime brokers, should be liable for selling several Archegos-linked stocks while possessing inside knowledge about the firm's imminent collapse, materially harming investors in those stocks. Reporting by Jonathan Stempel in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Dado Ruvic/IllustrationMarch 31 (Reuters) - General Electric Co (GE.N) has settled all its outstanding wind turbine technology patent disputes in the United States and Europe with Siemens Gamesa Renewable Energy S.A (GAM.HA), the companies said on Friday. Siemens Gamesa had sued GE for patent infringement in 2020 over the latter's Haliade-X turbines. Last year, a Boston federal judge barred GE from making and selling its Haliade-X wind turbines in the United States, after a jury found they infringed a patent owned by Siemens Gamesa. But GE was allowed to continue making and operating the turbines for existing projects off the coasts of Massachusetts and New Jersey with royalty payments to Siemens Gamesa. In February, the same judge ruled GE must double its patent royalty payments to Siemens Gamesa for the turbines it uses in a renewable energy project off the New Jersey coast.

NEW YORK, March 31 (Reuters) - Former President Donald Trump will not be handcuffed when he surrenders next week in New York to face criminal charges, his defense lawyer Joe Tacopina said on Friday. Susan Necheles, another Trump attorney, said the former president will plead not guilty. "There's no textbook to see how you arraign a former president of the United States in criminal court." Tacopina said Trump and his defense team were surprised by news of the indictment. Didn't believe they were actually going to go through with this because there's no crime here," Tacopina said.

NEW YORK, March 31 (Reuters) - Former President Donald Trump will not be handcuffed when he surrenders next week in New York to face criminal charges, under the terms of a deal agreed between his defense attorneys and Manhattan prosecutors, defense lawyer Joe Tacopina said on Friday. There's no textbook to see how you arraign a former president of the United States in criminal court," Tacopina said. Tacopina said Trump and his defense team were surprised by news of the indictment: "Initially we were all shocked. Didn't believe they were actually going to go through with this because there's no crime here." Reporting by Karen Freifeld; Editing by Scott Malone and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

[1/3] Former U.S. President Donald Trump attends his first campaign rally after announcing his candidacy for president in the 2024 election at an event in Waco, Texas, U.S., March 25, 2023. Trump has denied Daniels's claim, and his lawyer has accused Daniels, whose real name is Stephanie Clifford, of extortion. To elevate that charge to a felony, prosecutors must prove that Trump falsified records to cover up a second crime. The New York Times and NBC News reported that Trump is expected to surrender next week, citing his lawyers. If Trump for some reason decided not to come in voluntarily, prosecutors could seek to have him extradited from Florida.

[1/3] View of the "Rust" movie set at Bonanza Creek Ranch near Santa Fe, New Mexico, U.S., January 20, 2023. REUTERS/Drone BaseMarch 31 (Reuters) - A Santa Fe judge on Friday was to consider a plea deal that could bring the first conviction for the 2021 shooting death of cinematographer Halyna Hutchins during filming of the Western movie "Rust" in New Mexico. Santa Fe District Court Judge Mary Marlowe Sommer was to preside over a virtual hearing in Halls' case scheduled for noon ET on Friday. As first assistant director, Halls was responsible for set safety on "Rust." Armorer Hannah Gutierrez-Reed, who was responsible for firearms safety and training, will enter the same plea, according to her lawyer.

[1/2] General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, U.S., March 2, 2023. REUTERS/Alan FreedWASHINGTON, March 31 (Reuters) - The U.S. Justice Department on Thursday filed a lawsuit against Norfolk Southern Corp (NSC.N) over the Feb. 3 train derailment in East Palestine, Ohio. The state of Ohio filed a lawsuit against Norfolk Southern earlier this month. The U.S. lawsuit seeks to hold Norfolk Southern "accountable for unlawfully polluting the nation’s waterways and to ensure it pays the full cost of the environmental cleanup." Norfolk Southern did not immediately comment.

[1/2] Andrew Tate and Tristan Tate are escorted by police officers outside the headquarters of the Bucharest Court of Appeal, in Bucharest, Romania, February 1, 2023. Inquam Photos/Octav Ganea via REUTERSBUCHAREST, March 31 (Reuters) - Social media personality Andrew Tate will be moved to house arrest on Friday evening after a Romanian court overturned prosecutors' request to keep him in police custody until late April, his lawyer said on Friday. Earlier this week, the same Bucharest court of appeals denied the Tate brothers' request to be released on bail. In previous rulings that extended their stay in police custody, judges have said the Tate brothers posed a flight risk and that their release could jeopardise the investigation. Prosecutors have said the Tate brothers recruited their alleged victims by seducing them and falsely claiming to want a relationship or marriage.

March 31 (Reuters) - A judge has rejected Amazon.com Inc's (AMZN.O) bid to dismiss California's antitrust lawsuit accusing the online retailer of illegally forcing merchants to accept policies that cause consumers to pay artificially high prices. California Attorney General Rob Bonta had sued Seattle-based Amazon last September. The lawsuit sought to block Amazon from enforcing policies that bar the sale of goods more cheaply elsewhere, and to pay damages and penalties. Washington, D.C. Attorney General Karl Racine is appealing a judge's March 2022 dismissal of his similar lawsuit against Amazon. The case is California v Amazon.com Inc, Superior Court of California, San Francisco County, No.

Industry Insight Insights in Action: Corporate law departments find their outside firms’ innovation lagging, but there may be little incentive to changeZach Warren March 24, 2023

Search resuls for: "Personal Device Use Is A Firm-Wide Compliance Problem"

25 mentions found