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The U.S. Food and Drug Administration is continuing its crackdown on youth e-cigarette use, asking manufacturers for more information on their products Friday after receiving complaints that some companies might be engaged in illegal marketing. (AP)

FDA Seeks Marketing Info From More E-Cig Makers

The U.S. Food and Drug Administration on Friday asked 21 e-cigarette companies, including the makers and importers of Vuse Alto and myblu, to cough up information about whether more than 40 products are being illegally marketed.

  • Sears Files Ch. 11 In NY With Sale, Store Closing Plans

    Hours away from a major default and facing pressure to liquidate, Sears Holdings Corp. took its long-struggling retail chain into bankruptcy court early Monday with more than $11 billion in debt and plans to sell assets.

  • 3 Firms Steer $35B Harris-L3 Technologies Tie-Up

    Government contractors Harris Corp. and L3 Technologies Inc. on Sunday unveiled a roughly $35 billion merger of equals that stands to create the sixth-largest defense company in the U.S., in a deal guided by Sullivan & Cromwell LLP, Paul Weiss Rifkind Wharton & Garrison LLP and Simpson Thacher & Bartlett LLP.

  • Cobalt Investors Seek $147M Deal In Angolan Oil Bribe Row

    A class of Cobalt International Energy investors urged a Texas federal judge Friday to approve a $146.9 million settlement in a securities suit claiming the now-bankrupt company bribed Angolan officials and made misrepresentations that cost the investors billions.

  • W.Va. Ex-Justice Who Took Famous Desk Guilty Of Fraud

    Former West Virginia Supreme Court Justice Allen Loughry was convicted Friday on 11 counts of fraud, witness tampering and false statements after prosecutors said he helped himself to government transportation and court furniture, including a historic desk associated with an early celebrity architect.

  • Ex-NY Legislator Awaits Fate As Judge Delays Prison Decision

    Conflicting accounts of the supposed good deeds of former New York State Assemblywoman Pamela Harris led Brooklyn U.S. District Judge Jack B. Weinstein to hold off Friday on a decision to impose a prison term on the once-homeless woman who prosecutors say spent years defrauding the government.

  • Pa. Jury Convicts 'Deal-Closer' In $54M Ponzi Scheme

    A Pennsylvania federal jury on Friday convicted a former insurance salesman for his role as the deal-closer in a $54 million Ponzi scheme that had naive investors pouring cash into bogus land and green energy investments.

  • Lieff Cabraser Balks At Paying More In State Street Fee Fight

    Lieff Cabraser Heimann & Bernstein LLP told a Massachusetts federal judge late Thursday it should not have to continue paying for a multimillion-dollar probe into a $75 million attorney fee awarded following a settlement with State Street Corp., arguing much of the money has been spent looking into conduct tied to its fellow class counsel, Labaton Sucharow LLP.

  • Fleetwood Mac Went Its Own Way, Breaching Contract: Suit

    Former Fleetwood Mac band member Lindsey Buckingham has reportedly hit the Grammy Award-winning British-American rock band with a breach of contract lawsuit in California state court, claiming he was kicked out of the band and replaced without warning after 43 years, just before the 2018-2019 tour.

  • Ex-Newsweek Owner Denies $10M Fraud, Blames DA Vance

    A former co-owner of Newsweek and people and entities linked to him who are charged in a $10 million bank fraud scheme pled not guilty in a New York courtroom Thursday, claiming the case was retribution by Manhattan District Attorney Cyrus Vance Jr. for negative news coverage.

  • Sonic Customers Strike $4.3M Deal In Data Breach MDL

    Sonic Drive-In customers in multidistrict litigation over the national fast food restaurant chain's 2017 credit card data breach have asked an Ohio federal judge to approve a $4.3 million settlement.

  • Pfizer To Pay $700K In NY Penalties Over Drug Pricing Claims

    The New York State Attorney General’s Office on Thursday announced Pfizer Inc. has agreed to pay more than $700,000 to settle an investigation into claims it let customers think their drug copay coupons provided more savings than they actually did.

  • Fyre Festival 'Serial Fraudster' Faces 6 Years, $26M Forfeiture

    Billy McFarland, a young entrepreneur who caught the FBI's attention when his ill-fated Fyre Festival left concertgoers stranded on a remote island, was sentenced to six years in prison on Thursday — far less than the government sought — by a judge who called him a "serial fraudster," and also ordered to pay a $26 million forfeiture.