PE Firm Cornell Sued Over $345 Million Instant Brands Dividend November 14, 2024 By Jonathan Randles Cornell Capital LLC, the former owner of Instant Brands, was accused of misleading lenders about the company’s performance in order...
Ex-Managing Director Ravich Sues TCW Over Firing ‘for Cause’ November 14, 2024 By Chris Dolmetsch TCW Group Inc. was sued by former group managing director Jess Ravich, who claims the asset manager made up grounds...
Meta Must Face Trial After Judge Pares Some FTC Claims November 14, 2024 By Leah Nylen Meta Platforms Inc. will face a somewhat scaled-back antitrust trial over its alleged dominance of social networking after a federal...
Plains All American Agrees to Pay $73 M to Settle California Oil Spill Lawsuit November 13, 2024 By Vallari Srivastava Plains All American Pipeline has agreed to pay $72.5 million to settle a lawsuit over the 2015 Refugio Beach oil...
Chipotle Shareholders Sue Over Fallout From Skimping on Portion Sizes November 12, 2024 By Jonathan Stempel Chipotle Mexican Grill was sued on Monday by shareholders for concealing how many of its restaurants were skimping on portions,...
FTX Sues Binance, Ex-CEO Zhao Seeking $1.8 Billion Clawback November 12, 2024 By Emily Nicolle FTX filed a lawsuit against Binance Holdings Ltd. and its former Chief Executive Officer Changpeng Zhao, seeking to claw back...
Hawaiian Electric Removes Going Concern Doubts After Q3 Loss and Wildfire Settlement November 12, 2024 By Tanay Dhumal Hawaiian Electric reported a third-quarter loss after the utility removed a warning about its ability to remain in business, saying...
Meta’s Zuckerberg Not Liable in Lawsuits Over Social Media Harm to Children November 12, 2024 By Jonathan Stempel A federal judge said Meta Platforms CEO Mark Zuckerberg is not personally liable in 25 lawsuits accusing his company of...
US Judge Narrows Investor Lawsuit Against Rio Tinto Over Mongolian Mine November 8, 2024 By Jonathan Stempel A U.S. judge on Thursday dismissed some claims in a lawsuit accusing Rio Tinto and its former CEO Jean-Sebastien Jacques...
CNN Must Face Project Veritas’ Defamation Lawsuit, US Appeals Court Rules November 8, 2024 By Jonathan Stempel A federal appeals court on Thursday revived a defamation lawsuit accusing CNN of defaming Project Veritas in its explanation of...