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Why 'Average Folks' Could Be Getting Hit Hardest By Hertz Bankruptcy
2021 Mar 03, 2:54pm | 465Read More...Roughly nine months after the company officially filed for Chapter 11 bankruptcy, Hertz Global Holdings Inc (OTC:HTGZQ) announced a plan to re-emerge from bankruptcy this week. Like most bankruptcy restructuring plans, the news wasn't good for common stock shareholders, and former hedge fund...
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Regulatory Update: Mississippi, Iowa, Mexico
2021 Mar 03, 12:24pm | 547Read More...Iowa Slashes Penalties For Marijana Possession Iowa has lowered penalties for those caught with small amounts of marijuana. Under Senate Study Bill 1226, which passed subcommittee by a unanimous vote, possession of under five grams of marijuana is considered as a simple misdemeanor for a first...
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Intel To Pay $2.18B Penalty To VLSI Tech For Patent Infringement: Reuters
2021 Mar 03, 8:23am | 219Read More...Intel Corp (NASDAQ: INTC) lost the patent infringement case against VLSI Technology LLC and will have to pay a penalty of $2.18 billion under a federal jury ruling, Reuters reports. The penalty included $1.5 billion and $675 million for the infringement of the first and second...
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Hertz, In Chapter 11 Due To Pandemic, Will Emerge With New Owners, Financing
2021 Mar 02, 2:03pm | 600Read More...Hertz Global Holdings (OTC: HTZGQ), with a bankruptcy filing last year that threatened to dump a surplus of cars and trucks onto the used vehicle market, has a plan to survive and come out of Chapter 11. In an announcement released early Tuesday, the rental car giant said two private equity...
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Regulatory Update: Virginia To Legalize Marijuana, Michigan Expands Recreational Market, CA Testing Lab Sues State, Washington Allows Marijuana Sales
2021 Mar 01, 10:42am | 922Read More...Virginia To Become 16th U.S. State To Legalize Marijuana Virginia policymakers have reached a deal to legalize recreational marijuana. According to Marijuana Business Daily, lawmakers approved a bill to legalize the commercial marijuana program on Saturday, in a 47 to 44 vote in the House and 20 to...
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TikTok Parent To Settle Teenage User Privacy Lawsuit For $92M: WSJ
2021 Feb 26, 11:07am | 305Read More...TikTok parent ByteDance Ltd has agreed to pay $92 million towards the settlement of the class-action lawsuit for alleged user data collection by TikTok, the Wall Street Journal reports. The settlement marks the closure of a long dispute in the U.S. District Court for the...
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Facebook, Google To Share Revenue With Australian Media As Country Passes Law With Global Implications
2021 Feb 25, 4:06am | 518Read More...Facebook Inc (NASDAQ: FB) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google will have to pay Australian media for news content, a development that may be replicated elsewhere in the world, Bloomberg reported Wednesday. What Happened: The country’s parliament passed the...
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Former Eaze Chief Pleads Guilty In Case Involving Cannabis Credit Card Payments
2021 Feb 23, 5:30pm | 227Read More...Former Eaze Technologies Inc. CEO Jim Patterson has pleaded guilty to one count of conspiracy to commit bank fraud. Patterson attempted to deceive banks into processing more than $100 million worth of credit and debit payments for cannabis-related purchases, according to Law360. A trial is...
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SoftBank Nears Settlement With WeWork's Adam Neumann: Report
2021 Feb 23, 8:58am | 555Read More...Former WeWork co-founder and CEO Adam Neumann is working towards the legal tussle settlement with SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY). Neumann is reportedly close to agreeing at a roughly $500 million cut in his payout from less than 18 months of its IPO...
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UK Stops Epic Games Lawsuit Against Apple Over Fortnite Ban: Bloomberg
2021 Feb 22, 2:15pm | 377Read More...Epic Games Inc’s legal battle over the removal its Epic’s Fortnite video game from Apple Inc’s (NASDAQ: AAPL) App Store came was halted in the U.K. after a judge disallowed the case proceedings in London, Bloomberg reports. The judge believed that the U.S...
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WallStreetBets Trader Keith Gill Appears To Have Bought 50,000 More Shares Of GameStop
2021 Feb 20, 12:15pm | 372Read More...Keith Gill, the now-famous Reddit WallStreetBets trader, appears to have bought more shares of GameStop Corp. (NYSE: GME) after the price fell by 23%. What Happened: Judging by a screenshot Gill shared on Friday afternoon, he bought 50,000 more shares of the stock. Gill previously showed he...
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Court Rules Group Of UK Uber Drivers Entitled To Minimum Wage
2021 Feb 19, 11:49am | 962Read More...The ongoing battle over the classification and pay levels of Uber Technologies, Inc. (NYSE: UBER) drivers now has a significant decision in the United Kingdom as part of the growing body of law surrounding gig drivers. In upholding a lower court ruling, the highest court in the U.K. ruled that a...
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Evolus Shares Surge After Settling Jeuveau Related Litigation With AbbVie, Medytox
2021 Feb 19, 10:42am | 263Read More...Evolus Inc (NASDAQ: EOLS), AbbVie Inc (NYSE: ABBV), and Medytox announced settlement agreements to fully resolve all outstanding litigation, including the United States International Trade Commission (ITC) case regarding the sale of Jeuveau. It is a...
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Uber, Judge Skeptical Of Levandowski's Tactics To Protect Wealth From Creditors
2021 Feb 19, 9:38am | 1225Read More...Despite a last-minute pardon by former President Donald Trump in his criminal case, tech pioneer Anthony Levandowski's legal woes continue after he was forced to file for bankruptcy protection on the same day he was ordered to pay Google $179 million in a contract dispute last year. Uber...
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Palantir Partners With Akin Gump For Legal Digital Platform, RegSpot
2021 Feb 18, 1:18pm | 292Read More...Palantir Technologies Inc (NYSE: PLTR) announced on Thursday it was collaborating with law firm Akin Gump Strauss Hauer & Feld LLP to provide a legal digital service platform called RegSpot. What Happened: Powered by Palantir’s Foundry software, Akin Gump's RegSpot will...
