Tag: Corporate
JPMorgan to Pay a Record $1B to Settle Market-Manipulation Charges
NewsJPMorgan is set to pay nearly $1 billion to settle with US authorities investigating whether the bank manipulated the metals and Treasury markets.
Bayer Settles More U.S. Claims Over Weedkiller Roundup
NewsBayer AG has settled thousands of U.S. Roundup weed killer lawsuits as part of an $11 billion settlement, reaching deals with the only lawyers who took cases to trial over allegations the herbicide caused cancer.
Daimler to Pay $2.2 Billion in Diesel Emissions Cheating Settlements
NewsDaimler AG will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners, court documents show.
Vortic Watch Company Wins Landmark Lawsuit Against Swatch Group Brand, Hamilton
NewsVortic Watch Company announces victory in a trademark case filed against the company by Hamilton Watch International, a Swatch Group brand. In a decision made by the U.S. Federal Court on September 11, 2020, the judge ruled in favor of Vortic on all counts.
Court-Appointed Attorney for Donziger Cites ‘Irreconcilable Conflict’
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Attorney Andrew Frisch asked a Manhattan federal judge on Wednesday to vacate an order forcing him to represent Steven Donziger, the American lawyer who spent more than two decades suing Chevron Corp over pollution in Ecuador and is now facing a trial next week for criminal contempt.
Ex-UAW Boss Williams Charged in Embezzlement Scandal as Federal Probe Continues
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Retired United Auto Workers President Dennis Williams was charged Thursday with conspiracy to embezzle union funds following a years-long investigation into racketeering, bribery and other crimes that has pushed one of the nation’s most powerful unions to the brink of a federal takeover.
Can a Car Accident Victim Sue a Vehicle Manufacturer if an Airbag Fails to Deploy?
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While the number of cars on the road has steadily increased over the past several decades, the rate of fatal accidents has gone down significantly.
Daimler Agrees to U.S. Diesel Settlements Worth Nearly $3 Billion
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Daimler said on Thursday it has reached agreements costing nearly $3 billion to settle civil investigations by U.S. regulators and lawsuits from vehicle owners stemming from a long-running probe into software to cheat diesel emissions tests.
Return to Work COVID-19 Testing Considerations
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As employees increasingly transition back into the physical workplace, employers have begun to grapple with whether and how to deploy COVID-19 diagnostic testing as a return-to-work solution.
Bayer Proposes $10 Billion Settlement For Three Chemical Lawsuits
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Bayer recently announced its intent to settle all Roundup, dicamba drift and Polychlorinated biphenyls (PCB) water litigation cases between $10.1 and $10.9 billion.
Ninth Circuit Vacates $24M Class Judgment on Standing and Predominance Grounds
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Class actions present significant risk, because a certified class exposes a class defendant to class-wide liability.
Qualcomm Rockets to All-Time High on Huawei Settlement
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Shares of San Diego-based chipmaker QUALCOMM Incorporated (QCOM) rocketed over 15% Thursday after the company topped analysts’ fiscal third quarter expectations and announced that it had come to a settlement agreement with Chinese communications giant Huawei Technologies Co.
Abusive Communications Are Not Acceptable in the C-Suite or On the Plant Floor
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In recent weeks, because of the remoteness of our work forces, we have seen an increased incidence of abusive written communications between employees.
BigLaw Firm Sued Over $3M Wire Transfer to Fraudster’s Account
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Holland & Knight is facing a lawsuit alleging that it failed to prevent the transfer of more than $3 million to a fraudster’s account in Hong Kong.
UBS Agrees To Pay $10M To Settle Bonds Sale Violation Charges With SEC
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A unit of UBS Group AG is paying $10 million to settle charges with the United States Securities and Exchange Commission that it broke rules concerning giving priority to small investors in the purchase of municipal bonds.
Ferrari Just Lost the Trademark Rights to its Most Iconic Car
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Ferrari lost its trademark to the shape of the 250 GTO by falling foul of the European Union Intellectual Protection Office’s (EUIPO) “Use It Or Lose It” rules.
Judges Slam J&J’s ‘Reprehensible’ Talc Defense, Cut Massive 2018 Verdict to $2.11B
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An appeals court has reduced that award—but only to $2.11 billion, thanks to J&J’s ‘outrageous’ and ‘reprehensible’ defense of the product.
WiLAN Issued Final Judgment Against Apple Totaling $108.98 Million
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Following a jury verdict win of $85.23 million in a damages-only re-trial, the Court ruled on all post-trial motions and entered final judgment in favor of WiLAN, maintaining the full jury verdict and denying Apple’s motions for retrial or lowering the damages award.
Amazon Faces Multiple US Antitrust Probes in its Dominance in Online Retail
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Amazon faces increased competition scrutiny even as the pandemic sends its retail business skyrocketing.
Court to Consider High-Stakes Tobacco Fight
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Two decades after Florida reached a landmark legal settlement with tobacco companies, an appeals court is slated to hear arguments Tuesday in a dispute about more than $100 million in payments.
