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Credit Suisse To Pay $475M Over Mozambique Bribe Scandal
A Credit Suisse unit pled guilty to wire fraud Tuesday and will pay $475 million to U.S. and U.K. authorities fo...(read more)
Amazon Defeats 'Jewish Stereotype' Claims In New Trial Bid
An Israeli technology startup that accused Amazon of playing on Jewish stereotypes to bias a jury and defeat pat...(read more)
Marriott Loses Bid For More Time Ahead Of TravelPass Trial
A Texas federal judge has rejected Marriott's emergency bid to pause a jury trial in an antitrust case brought by TravelPass, ruling that a continuance of the trial date would not simplify the case, as the hotelier argues, but would prejudice the travel booking platform.
3rd Circ. Keeps COVID Death Suits Out Of Federal Court
The Third Circuit said Wednesday in a precedential opinion that suits over COVID-19 deaths at New Jersey nursing homes must play out in state court, rejecting the facilities' bid to keep the actions in federal court on the grounds they acted under the federal government's authority as part of its response to the coronavirus outbreak.
Facebook Fined £50M For 'Major Breach' During Merger Probe
Britain's competition regulator said on Wednesday that it has slapped Facebook Inc. with a £50.5 million ($69.5 million) fine for deliberately breaching its enforcement orders during an investigation into the technology company's proposed $400 million acquisition of image platform Giphy Inc.
3M To Pay $99M To End Tennessee River PFAS Claims
3M Co. has agreed to pay out about $99 million to end litigation and negotiations related to claims one of its largest manufacturing plants has been discharging hazardous and solid waste containing cancer-linked chemicals, known as PFAS, into the Tennessee River in Alabama, the company announced Tuesday.
Jan. 6 House Panel Recommends Contempt For Bannon
The select committee investigating the Jan. 6 insurrection at the U.S. Capitol unanimously approved a resolution Tuesday evening recommending the House of Representatives find former Trump adviser Steve Bannon in contempt of Congress for refusing to comply with a subpoena issued by the committee.
Teva Fears 'Incredibly Damaging' Parody Videos In Opioid Trial
Teva Pharmaceuticals is scrambling to stop jurors in a New York opioid trial from viewing internal videos that transformed famous film scenes into parodies of narcotic painkiller marketing, warning that the clips are so provocative they could single-handedly destroy the drugmaker's defense.
Nebraska GOP Rep. Indicted In Campaign Finance Probe
Rep. Jeff Fortenberry, R-Neb., lied repeatedly to the FBI during an investigation into illegal campaign contributions by a Lebanese-Nigerian billionaire, according to an indictment handed up in California federal court Tuesday.
Gensler Says SEC Has Draft Universal Proxy Proposal In Hand
The head of the U.S. Securities and Exchange Commission said Tuesday that he and his fellow commissioners received a draft from agency staff this week for a proposed "universal proxy" rule aimed at making ballots in contested board elections more consistent for all shareholders.
Holmes OK'd Testing Claims Over Atty's Concerns, Jury Told
An ex-Theranos senior project manager testified in former Theranos CEO Elizabeth Holmes' criminal fraud trial Tuesday that Holmes approved Theranos' websites and presentations shown to the military and high-profile investors that said Theranos' minilabs could run "any test available in central labs" despite in-house counsel's objections to the language.
Senate Panel 'Disapproves' Of Biden's USPTO Budget Plan
The Senate Appropriations Committee has released a $4.058 billion draft bill to fund the U.S. Patent and Trademark Office in fiscal year 2022, saying that it "strongly disapproves" of the $3.994 billion proposed by the Biden administration.
Shkreli Cites Rehab Too Late To Delay FTC Antitrust Trial
A New York federal judge on Tuesday refused to delay the Federal Trade Commission's antitrust trial against Martin Shkreli, finding that the incarcerated former pharmaceutical executive tried too late to use his participation in a prison drug rehabilitation program to push the proceedings back from mid-December to May.
NJ Justices Reprimand Ex-Judge Over 'Sexual Innuendo'
The New Jersey Supreme Court has publicly reprimanded a former municipal court judge who was targeted with an ethics complaint for making a remark to a criminal defendant that bystanders described as "sexual innuendo," according to an order made public Tuesday.
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