Jurors in Elon Musk Trial Over Tesla Tweets Hear Closing Statements
TechInvestors allege CEO’s tweets about taking company private violated federal securities law Source link
Corporate Crime/Legal Action
Activision Blizzard Paying $35 Million to Resolve SEC Investigation
Activision Blizzard agreed to pay $35 million to settle regulatory claims tied to its process for deciding how its disclosures...
J&J’s Talc Bankruptcy Case Thrown Out by Appeals Court
A federal appeals court in Philadelphia rejected Johnson & Johnson ‘s use of chapter 11 bankruptcy to freeze roughly 40,000...
U.S. Appeals Court Sides With Drugmakers on Discount Program
BusinessHealth CareHealthDrugmakers can limit shipments to hospitals and clinics of drugs discounted under federal program, court rules in loss for...
DOJ Seeks to Ban Sam Bankman-Fried From Contacting FTX Employees
Prosecutors alleged the founder of the failed cryptocurrency exchange contacted a potential witness in his criminal case. Source link
New York Attorney General Probing Madison Square Garden’s Use of Facial Recognition Technology
BusinessProbe related to company’s alleged use of the technology to bar certain ticket holders from its venues Source link
Twitter Headquarters Landlord Sues Elon Musk’s Company, Alleging Unpaid Rent
The suit joins the other legal battles between the social-media company and vendors since Elon Musk acquired the business last...
Elon Musk Flags Tweets’ Limitations in Tesla Trial
TechDefense has called Tesla CEO’s tweets on taking car maker private imperfect shorthand Source link
Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money
U.S. authorities designated cryptocurrency exchange Bitzlato Ltd. as a primary money-laundering concern and charged its founder for allegedly facilitating money...
Elon Musk Trial Over Tesla Tweets Heads for Opening Statements
The shareholder lawsuit stems from 2018 tweets in which the billionaire CEO said, “Am considering taking Tesla private at $420....
FTC Plan to Ban Noncompete Clauses Shifts Companies’ Focus
Businesses and lawyers are beginning to assess what the Federal Trade Commission’s proposed ban of noncompete clauses in employment contracts...
Former Executives of Fox Subsidiary Face Trial in FIFA Bribery Case
Prosecutors allege two former executives of 21st Century Fox paid bribes for soccer broadcasting rights in South America, in a...
Elon Musk Seeks to Move Trial Over Tesla Tweets, Saying San Francisco Jurors Are Biased
TechBillionaire says negative local publicity surrounding his management of Twitter will prevent a fair trial Source link
Twitter Sued Over Rent Payment in San Francisco
One of Twitter’s landlords accuses the social-media company of failing to pay for space in the building. Source link
Microsoft Responds to FTC Suit Over Activision Deal
The software giant filed court documents opposing claims that the $75 billion transaction would harm competition in the videogame industry....
Honeywell to Pay $203 Million in Settlements Over Brazil, Algeria Bribery
Honeywell International Inc. will pay nearly $203 million to resolve investigations in the U.S. and Brazil into bribes paid to...
Sam Bankman-Fried’s Lawyers Hash Out His Transfer to U.S. After Confusion in Court
MarketsCurrenciesCryptocurrencyThe FTX founder has agreed to be extradited, with lawyers drafting documents, according to a person familiar with the matter...
Epic Games, Maker of ‘Fortnite,’ to Pay $520 Million to Resolve FTC Allegations
The agency alleged that the company invaded children’s privacy and tricked players of all ages into making unintended purchases. Source...
FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy
U.S. prosecutors, in an indictment unsealed Tuesday, accused the crypto exchange’s founder of a scheme to defraud customers and his...
FTC’s Tussle With Microsoft Puts Spotlight on Cloud Gaming
TechWhile cloud gaming is a small part of the videogame market, industry participants expect it to become more influential Source...
