Category: Lawsuits
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America’s only leading-edge chip manufacturer faces an uncertain future and lawsuits
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Intel’s (INTC) fall from grace seemed to happen all at once. Shares of the once iconic chipmaker plummeted 60% in 2024. The company posted the biggest loss in its 56-year history in its latest quarterly earnings report. Its market cap has dropped 80% since 2000 — when it was one…
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Equal pay lawsuits threaten to cost retailers millions as legal pressure mounts
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Some of Britain’s biggest retailers face the prospect of paying millions in damages due to a wave of equal pay lawsuits, many of which are underpinned by controversial litigation funding arrangements. Last month saw the latest development in a long-running legal case against Asda, with tens of thousands of employees…
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Teva settles further price-fixing lawsuits in the US
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Teva Pharmaceutical Industries (TSX: TEVA, NYSE: TEVA) has settled another lawsuit alleging price-fixing in the United States. Teva will pay $450 million in court-approved settlements in the United States, one for $425 million and the other for $25 million, without admitting any wrongdoing. The settlement amounts will be distributed over…
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Sean ‘Diddy’ Combs accused of assaulting men, women and a teen in new lawsuits
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A new wave of lawsuits filed Monday accuse… Sean “Diddy” Combs By raping women, sexually assaulting men, and molesting a 16-year-old boy. At least six lawsuits have been filed against the hip-hop mogul in federal court in Manhattan. They were submitted anonymously, two by two women identified as Jane Doss…
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GSK shares jump after settlement of 80,000 Zantac lawsuits in U.S By Reuters
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(Reuters) – GlaxoSmithKline shares rose 6 percent on Thursday after the British drugmaker agreed to pay up to $2.2 billion to settle lawsuits in the United States alleging that the discontinued heartburn drug Zantac causes cancer. The agreement, announced on Wednesday, was well below some analysts’ estimates, including JPMorgan’s forecast…
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Music labels’ AI lawsuits create new copyright puzzle for US courts By Reuters
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By Blake Brittany (Reuters) – Country singer Tift Merritt’s most popular song on Spotify (NYSE: NYSE: ) is a ballad with lyrics evoking isolation and the open road. Prompted by Reuters to create an “American Tift Merritt-style song,” artificial intelligence music site Udio instantly generated “Holy Grounds,” a ballad with…
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Drugmakers’ appeal to end Zantac cancer lawsuits rebuffed by judge By Reuters
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By Brendan Pearson (Reuters) – A Delaware judge has rejected a request by GlaxoSmithKline and other drugmakers to appeal a ruling that allows more than 70,000 lawsuits alleging that heartburn drug Zantac causes cancer. The ruling by Judge Vivian Medinella of the Delaware Supreme Court means that drug companies, which…
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Drugmakers’ appeal to end Zantac cancer lawsuits rebuffed by judge By Reuters
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By Brendan Pearson (Reuters) – A Delaware judge has rejected a request by GlaxoSmithKline and other drugmakers to appeal a ruling that allows more than 70,000 lawsuits alleging that heartburn drug Zantac causes cancer. The ruling by Judge Vivian Medinella of the Delaware Supreme Court means that drug companies, which…
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Visa and Mastercard Face Fresh Trouble in the UK as Tribunal Greenlights Merchant Lawsuits
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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Delaware judge lets more than 70,000 Zantac lawsuits go forward By Reuters
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Written by Brendan Pearson (Reuters) – A Delaware judge allowed more than 70,000 lawsuits to proceed over the discontinued heartburn drug Zantac, ruling that expert witnesses can testify in court that the drug may cause cancer. Friday’s ruling by Judge Vivian Medinella of Delaware Superior Court in Wilmington is a…
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Bipartisan Senators probe FinCEN crypto mixer lawsuits
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A pair of senators have written a letter to the Department of Justice, challenging the Financial Crimes Enforcement Network’s (FinCEN) “unprecedented interpretation” of the rules used to prosecute cryptocurrency mixers. Senators Cynthia Lummis (R-Wyo.) and Ron Wyden (D-Ore.) have filed a petition with US Attorney General Merrick Garland and the…