Legal

It’s been a trying process, hampered by legal interference and government pushback, but Toshiba Corp has finally committed to selling its memory chip unit. The Japanese firm reportedly closed a ¥2 trillion ($18 billion) deal with an American group led by Bain Capital early Wednesday. The...

The car factory that employed a woman whose skull was crushed by a robot that encroached on her workspace blames the machine. The jury, as they say, is still out. Equifax Inc. (NYSE: EFX) blames its software for exposing the highly sensitive details of the credit company’s 143 million users....

Toys "R" Us officially filed for Chapter 11 bankruptcy reorganization in a move that shouldn't come as a surprise, as it has been speculated for a while that the retailer was struggling with its debt obligation. Under the new plan, Toys "R" Us has secured around $3 billion of debtor-in-possession...

After Equifax Inc. (NYSE: EFX) suffered what could prove to be the most notable data breach in history, one does have to wonder how the company's CEO Richard Smith still has a job. Not only did Smith fail in handling the situation once it was brought public, but the damage to the company isn't done...

Toy stocks were hard hit last week after reports suggested that the toy-retail giant Toys "R" Us was close to potentially filing for bankruptcy. By Tuesday morning, the company's deceleration of bankrupt was made official, The Washington Post and other media outlets reported. Toys "R" Us filed for...

The ongoing Equifax Inc. (NYSE: EFX) saga may have taken a turn for the worse as the U.S Justice Department is now getting involved, Bloomberg reported. Equifax, the victim of a massive data breach, is now facing a criminal investigation if company insiders who sold some of their stock before the...

Amid “overstated” legal issues and in the aftermath of natural disaster, Valeant Pharmaceuticals Intl Inc (NYSE: VRX) may profit from a positive catalyst this week, according to H.C. Wainwright & Co. Analyst Raghuram Selvaraju reiterated a Neutral rating on the stock with a $17...

Three former employees have filed a class-action discrimination lawsuit against Alphabet Inc (NASDAQ: GOOGL), which is already under an intense federal probe into allegations it pays women less than men and hinders their upward mobility at the company. In another blow against the frat-boy culture...

Sen. Elizabeth Warren (D-Mass.) has earned herself as being Washington's most "relentless critic" of Wall Street and she has a new company on her sights: Equifax Inc. (NYSE: EFX). Warren made her position on Wells Fargo & Co (NYSE: WFC) very public after the company's fake...

Chinese regulators have shut down bitcoin exchanges, leaving the future of digital currencies in China up in the air and sending the price of bitcoin and ether tumbling. On Thursday, China Business News and 21st Century Economic Report both reported that regulators verbally instructed Chinese...

President Donald Trump could find himself in an awkward position amid a trade dispute between rival plane makers. U.K. Prime Minister Theresa May is requesting that Trump assert himself in a court dispute between American-based Boeing Co (NYSE: BA) and Canada's Bombardier Inc (OTC: BDRBF). Boeing...

Health Insurance Innovations Inc (NASDAQ: HIIQ)'s stock plummeted 21 percent Monday after MOX Reports published an article suggesting the company could be facing fraud penalties in excess of $100 million. The short seller claimed there are 42 state investigations into Health Insurance Innovations...

A bloodbath in retail, a shortage of seasonal farmworkers, two bummer summers at the box office, a meltdown in bridal gowns and the flatlining of crude oil prices: This is the stuff of bankruptcy. Whether up close and personal or global in scale, underwater businesses and laid-off workers are often...

Shares of Amazon.com, Inc. (NASDAQ: AMZN) were little changed Friday morning after the U.S. Securities and Exchange Commission announced insider trading charges against a former employee. An ex-Amazon financial analyst named Brett Kennedy allegedly leaked privileged information to a college friend...

Beyond the irrepressible ire of rural America, Republicans boasted another edge going into the 2016 elections. According to Associated Press analyses, gerrymandering ultimately fixed the Congressional composition. After the 2010 census, the GOP had redrawn district lines and reconfigured voting...