FTC Loses Antitrust Challenge to Facebook Parent Meta
Tech Judge denies agency’s request for injunction blocking Meta’s proposed acquisition of virtual-reality startup
Corporate Crime/Legal Action
Manhattan District Attorney to Present Trump Hush-Money Evidence to Grand Jury – The Wall Street Journal
Manhattan District Attorney to Present Trump Hush-Money Evidence to Grand Jury The Wall Street Journal Manhattan grand jury reportedly hearing evidence in Trump hush money case CBS New York Donald Trump’s Former Fixer Now One of His Greatest Threats Newsweek Trump risks zero-to-4 years jail in NY ‘hush money’ case, say ex-DAs Business Insider View Full Coverage on Google … Read more
J&J Can’t Use Bankruptcy to Resolve Talc-Injury Lawsuits, Appeals Court Rules
A federal appeals court rejected Johnson & Johnson ‘s plan to use a legal strategy to push about 38,000 talc lawsuits into bankruptcy court, hampering the controversial tactic the company and a handful of other profitable businesses have used to move mass personal-injury cases to chapter 11. The Third U.S. Circuit Court of Appeals on … Read more
Rout in Adani Stocks, Bonds Continues; Conglomerate Trades Barbs With Short Seller
Markets India’s Adani Group issues 413-page response to Hindenburg Research’s allegations
DOJ Seeks to Ban Sam Bankman-Fried From Contacting FTX Employees – The Wall Street Journal
DOJ Seeks to Ban Sam Bankman-Fried From Contacting FTX Employees The Wall Street Journal SBF’s mom, Caroline Ellison aren’t cooperating in bankruptcy probe: lawyers Markets Insider FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him Yahoo Finance Sam Bankman-Fried tried to influence witness through Signal, DOJ alleges CNBC Do you have money tied up in FTX? Share … Read more
DOJ Sues Google, Seeking to Break Up Online Advertising Business – The Wall Street Journal
DOJ Sues Google, Seeking to Break Up Online Advertising Business The Wall Street Journal DOJ files second antitrust suit against Google, seeks to break up its ad business CNBC DOJ sues Google over its dominance in online advertising market CNN Google became an ad monopoly in broad daylight and you’re paying the price TechRadar Factbox: Biden administration continues Trump … Read more
Tesla Board’s View That Elon Musk Is Irreplaceable Emerged in Pay Trial
WILMINGTON, Del.—The scale of concern among Tesla Inc. TSLA -1.63% board members about how to keep Elon Musk ‘s attention trained on the electric-vehicle maker loomed large during a weeklong trial over the chief executive’s pay package. A desire to motivate Mr. Musk to focus on Tesla triggered a monthslong pay negotiation that culminated in … Read more
Elizabeth Holmes, Convicted Theranos Founder, to Be Sentenced Friday
Elizabeth Holmes, the founder of disgraced blood-testing company Theranos Inc., has asked a federal judge for leniency for her fraud crimes, positioning herself as a loving mother and selfless community servant. Ms. Holmes, who has asked for a sentence of home confinement and community service, and no more than 18 months in prison, faces an … Read more
Elon Musk Was an Unlikely Flight Risk at Tesla When Pay Package Came Together, His Brother Said
WILMINGTON, Del.— Elon Musk was unlikely to walk away from his role as chief executive of Tesla Inc. TSLA -2.01% in 2018, around the time shareholders signed off on a new, multibillion-dollar pay package for him, the CEO’s brother said. Kimbal Musk ‘s comments came in 2021 deposition testimony that was played Thursday in a … Read more
Tesla Projections Take Center Stage on Day Two of Elon Musk Compensation Trial
A Tesla shareholder, Richard Tornetta, is seeking to nullify Mr. Musk’s 2018 compensation grant, alleging that Mr. Musk controlled the board’s consideration of his pay package and failed to disclose crucial information to shareholders who signed off on it—such as that the company had already determined it was likely to achieve certain targets underpinning the … Read more