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Thursday, December 12, 2019
PG&E

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...
Facebook under investigation by New York Attorney General for Collecting Users' Contact Lists Without Consent

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...
Sprint T-Mobile merger

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 Fremont Factory

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...
Purdue Pharma logo

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

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...
sec_logo_securities_and_exchange_commission

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...

Must Read

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...