Legal

After seeing a $31 million jury award against Navistar International (NYSE: NAV) wiped out by a Tennessee appeals court last week, Milan Supply Chain Solutions is confident it can convince the state's highest court it should get it back. A three-judge panel sitting on Tennessee's Court of Appeals...

The Marijuana Regulatory Agency shut down Iron Labs of Walled Lake after finding marijuana that tested above the legal limit for various contaminants, but not reporting those test results in the state’s tracking system. With the shut down, the number of licensed marijuana testing facilities...

LiDAR device manufacturer Veoldyne on August 13 filed patent infringement complaints with the U.S. District Court for the Northern District of California claiming Chinese companies Suteng Innovation Technology (aka RoboSense) and Hesai willfully copied its technology.  LiDAR — light detection and...

PG&E Corporation (NYSE: PCG) shares plummeted 27% on Monday after two critical courtroom rulings about the California utility’s wildfire liabilities and ongoing bankruptcy proceedings. What Happened The major blow for PG&E shareholders came when a judge ruled that a jury should...

The Food and Drug Administration (FDA) is issuing a proposed rule to establish new required health warnings for cigarette packages and advertisements, which would apply to imports, the agency said. The proposed rule would implement a provision of the Family Smoking Prevention and Tobacco Control...

Larry Ash, a trucker for over 25 years, grabbed his CB radio after another semi veered into an oncoming lane – across two solid lines – on a blind corner to pass him on a British Columbia highway. "I said, ‘Buddy, you just lost your license,'" Ash recalled. "He never said a word."  Ash, however,...

General Electric Co (NYSE: GE) took a 13% hit on Thursday after Bernie Madoff whistleblower Harry Markopolos bashed GE for allegedly committing insurance fraud that was "bigger than Enron and WorldCom combined." The allegations triggered an extreme amount of unusually large GE options...

PG&E Corporation (NYSE: PCG) has released application details for those displaced by the 2017 Northern California wildfires and the 2018 Campfire. The company says it has dedicated a $105 million fund which has been approved by the judge in PG&E’s Chapter 11 cases. The fund is to help...

The last time changes were made to hours-of-service (HOS) regulations in 2003, safety advocates succeeded in delaying implementation until 2011 through litigation in federal court that was based on claims the changes would be detrimental to truck driver health and highway safety. Tim Wiseman,...

General Electric Company (NYSE: GE) called a report published by Bernie Madoff whistleblower about allegations of financial struggles "entirely false and misleading." What Happened Harry Markopolos, a financial fraud investigator and forensic accountant best known for presenting evidence...

American rapper Rakim Mayers, known to his fans as A$AP Rocky, will face no more prison time in Sweden despite receiving a guilty verdict, The Washington Post reported. What Happened Mayers was arrested in Sweden in late June after being accused of throwing a man to the ground while visiting the...

Cryptocurrency investors are digesting another scandal this week after the SEC charged Reginald "Reggie" Middleton Tuesday with digital securities fraud and market manipulation. What Happened The SEC said it has charged Middleton and his entities Veritaseum, Inc. and Veritaseum, LLC...

Less than a month after cannabis producer CannTrust Holdings Inc (NYSE: CTST) was issued a noncompliance report from Canadian regulators for growing marijuana on unlicensed property, CannTrust investors received some more bad news on Friday when the company said its auditor has withdrawn all its...