Musk Asks 2nd Circ. To Lift SEC’s Twitter ‘Muzzle’
Outspoken billionaire Elon Musk has told the Second Circuit that he should be allowed to tweet about Tesla without prior authorization from the company, asking the court to lift “a government-imposed muzzle” created under a consent decree he signed with the U.S. Securities and Exchange Commission in 2018.
Plane Parts Exec Convicted Of $15M Fraud On Honeywell
A Manhattan federal jury found a Belgian aircraft parts reseller guilty on Wednesday of using $15 million worth of bad checks to pilfer merchandise from Honeywell International Inc.
Smithfield Agrees To Pay $75M In Latest Pork Antitrust Deal
Smithfield Foods has agreed to pay $75 million to settle antitrust claims brought by millions of indirect consumer purchasers, the company’s latest deal in multidistrict litigation over an alleged meat industry ploy to inflate pork prices, according to a motion for preliminary approval filed in Minnesota federal court Tuesday.
Alex Jones Acolyte Harassed Sandy Hook Plaintiff, Jury Hears
A sibling of the first-grade teacher slain in the Sandy Hook school shooting said Tuesday in the defamation trial against Alex Jones that a man with ties to the conspiracy theorist was arrested for confronting her after the attack.
Navy Engineer, Wife Again Plead Guilty To Secrets Sale Plot
A former U.S. Navy nuclear engineer and his wife accused of trying to sell submarine secrets to a foreign country again pled guilty on Tuesday, reaching new plea deals with prosecutors after a West Virginia federal judge last month deemed their previously proposed prison terms too lenient.
EPA’s New Enviro Justice Office Brings Change, Tensions
A new U.S. Environmental Protection Agency office, which consolidates three existing agency programs aimed at helping communities overburdened by pollution, has the potential to make impacts that activists have dreamed about for years, but could also spur pushback from states and others that aren’t aligned with the Biden administration’s priorities, experts said.
GM Slams Testimony From ‘Data-Free Economist’ As ‘A Joke’
General Motors Co. made a mid-trial bid on Tuesday to exclude the testimony of an economics expert for the plaintiffs in a class action over claims GM knowingly sold vehicles with an engine defect, calling the expert’s assessment that $2,700 in damages is due per vehicle a “joke” from a “data-free economist.”
New Calif. Law Requires Employers To Divulge Contractor Pay
California Gov. Gavin Newsom signed pay transparency legislation into law Tuesday that requires employers with more than 100 contract workers to disclose annual pay data reports broken down by demographics, and requires employers with more than 15 workers to disclose salary ranges on all job ads.
Twitter Says Musk Data Contradicts Deal-Killing ‘Bot’ Burden
An attorney for Twitter Inc. told Delaware’s chancellor on Tuesday that none of the available records from Elon Musk’s data science contractors support claims that undisclosed spam and fake “bot” traffic justify Musk’s unilateral, July 8 termination of his $44 billion take-private offer.
Cognizant Investors’ ‘Unexcused Failure’ Dooms Suit
A New Jersey federal judge Tuesday tossed consolidated derivative claims brought by Cognizant Technology Solutions Corp. investors over a bribery scandal, saying the investors’ “unexcused failure” to give the company’s board of directors a chance to decide whether to pursue the requested litigation dooms their case.
Few Courts Remain Open As Hurricane Ian Barrels Toward Fla.
The impending arrival of Hurricane Ian on Wednesday closed courthouses across Florida as residents on both coasts of the peninsula prepared to feel effects from what has strengthened into a major storm.
Phil Mickelson, Other Golfers Exit LIV Suit Against PGA Tour
Professional golfers Phil Mickelson, Talor Gooch, Hudson Swafford and Ian Poulter dropped their claims against the PGA Tour for banning them after they signed on with Saudi-funded rival LIV Golf Inc., leaving three plaintiffs in the suit, according to a pair of notices filed in California federal court Tuesday.
The CEO of bankrupt cryptocurrency investment platform Celsius Network announced his resignation Tuesday in the … (read more)
Federal regulators said Tuesday that a slew of major Wall Street firms have agreed to pay nearly $2 billion in p… (read more)