Vitol, SK Settle California Fuel Rigging Probe for $50 Million July 11, 2024 By Archie Hunter California’s attorney general said it reached a $50 million settlement with commodity traders Vitol and SK Energy Americas Inc. after...
FTC Preparing Suit Against Drug Middlemen Over Insulin Rebates July 11, 2024 By Leah Nylen and John Tozzi The US Federal Trade Commission is preparing a lawsuit against the three largest drug middlemen over their use of rebates...
Elon Musk Beats $500M Severance Lawsuit by Fired Twitter Workers July 10, 2024 By Jonathan Stempel Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands...
Progressive Settles New York Case Over Unpaid Sales Taxes on Total Loss Claims July 10, 2024 By Andrew G. Simpson At the same time it is settling a New York class action about underpaying totaled loss claims for $48 million,...
HSBC Faces Trimmed-Down Trade Secrets Lawsuit Over SVB Hires July 10, 2024 By Rachel Graf HSBC Holdings Plc won the dismissal of most claims brought by First Citizens Bank & Trust Co. over the hiring...
Russian Court Orders Volkswagen Pay $193M in Damages to Carmaker July 9, 2024 By Alexander Marrow and Gleb Stolyarov A Russian court has ordered Volkswagen to pay 16.9 billion roubles ($193 million) in damages to Russian carmaker GAZ Group,...
Purdue Pharma Backs Creditor Move to Sue Sacklers Over Assets July 9, 2024 By Shannon D. Harrington and Steven Church The bankrupt estate of Purdue Pharma says it will support a move by the opioid maker’s creditors to sue members...
Abbott Faces Trial Over Claims That Preterm Infant Formula Caused Dangerous Disease July 9, 2024 By Brendan Pierson Similac baby formula maker Abbott is expected to face a trial on Monday over claims that its formula for preterm...
The Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits July 8, 2024 By Mike Spector Eron Evans died in 2016 at 41 of ovarian cancer, leaving behind two daughters. Her grieving mother, Darlene, blames Johnson...
Boeing to Plead Guilty to Fraud for Violating Deal Over 737 Max Crashes July 8, 2024 By Chris Strohm, Julie Johnsson and Allyson Versprille Boeing Co. agreed to plead guilty to criminal conspiracy to defraud the US after the Justice Department concluded the planemaker...