PG&E suffers backlash over power shutoff to prevent wildfires in California
Pacific Gas and Electric Company (PG&E), the largest utility in California, is facing strong criticisms over its Public Safety Power Shutoff (PSPS) to prevent...
More States Join Coalition Conducting Antitrust Investigation against Facebook
New York Attorney General Letitia James announced that more states joined the coalition conducting an antitrust investigation against Facebook.
As of Tuesday, 47 attorneys general...
Teva Pharmaceutical Reaches Global Opioid Settlement; Shares Soar
Teva Pharmaceutical reached a global settlement to resolve all of the lawsuits filed against it in connection with its role in the opioid epidemic...
FCC approves $26 billion Sprint/T-Mobile merger
The Federal Communications Commission (FCC) approved along party lines the proposed $26 billion merger between Sprint Corporation (NYSE:S) and T-Mobile (NASDAQ: TMUS).
The three Republicans...
SEC stops alleged $1.7 billion unregistered digital token offering
The Securities and Exchange Commission (SEC) stopped two offshore entities from conducting an alleged unregistered, ongoing digital token offering in the United States and...
Johnson & Johnson to pay $8 billion to a man who developed breasts after...
A jury in the Philadelphia Court of Common Pleas ordered Johnson & Johnson to pay $8 billion in punitive damages to a man who...
Tesla under investigation over possible defect in Model S and Model X battery packs
The U.S. National Highway Traffic Safety Administration (NHTSA) launched an investigation into Tesla over a potential defect in the battery packs of its Model...
New York, Pennsylvania oppose Purdue Pharma’s $38 million bonuses for executives
The attorneys general of New York State and Pennsylvania opposed the decision of Purdue Pharma to give $38 million in bonuses and severance plans...
Mercury Insurance to pay $41 million to settle legal fight with California
Mercury Insurance Company finally settled its two decades long legal fight with California over its alleged unlawful business practices.
The insurer agreed to pay a...
BMO advisory firms to pay $37 million for violating SEC rules
The Securities and Exchange Commission (SEC) said two BMO advisory firms agreed to pay more than $37 million to settle charges against it.
As part...
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SEC charges digital asset company and its founder with fraudulent ICO
The Securities and Exchanges Commission (SEC) filed a lawsuit against a digital asset company and its founder for allegedly bilking millions of dollars from...
