Latest Corporate legal affairs News

FILE - In this March 4, 2020 file  photo, opposition leader Juan Guaido listens during a legislative session being held at a religious, private school in Caracas, Venezuela, an alternative location due to the government continuously blocking their access to National Assembly chambers. Guaidó said Monday, May 11, 2020 that two U.S.-based political advisers have resigned following a failed incursion into Venezuela aimed at capturing President Nicolás Maduro. (AP Photo/Ariana Cubillos, File)

Citgo sues Miami firm over millions lost in Venezuela fraud

May. 26, 2020 8:16 PM EDT

MIAMI (AP) — When the U.S. recognized Venezuelan opposition leader Juan Guaidó as the nation's rightful leader last year it did more than just trigger a bitter feud with socialist leader Nicolás Maduro. Increasingly, it's also unleashing a torrent of lawsuits. The latest came Tuesday, when the...

FILE - In this March 9, 2010, file photo a tanker truck passes the Chevron oil refinery in Richmond, Calif. A federal appeals court ruled Tuesday, May 26 against major oil companies in lawsuits brought by California cities and counties seeking damages for the impact of climate change. A panel of the 9th U.S. Circuit Court of Appeals said state courts are the proper forum for the lawsuits alleging that Big Oil promoted petroleum as environmentally responsible when producers knew it was causing damage. (AP Photo/Paul Sakuma, File)

Big Oil loses appeal, climate suits go to California courts

May. 26, 2020 7:40 PM EDT

LOS ANGELES (AP) — Big Oil lost a pair of court battles Tuesday that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected arguments by energy companies and ruled state courts are the proper forum...

French President Emmanuel Macron, center, wearing a protective face mask, listens to explanations by an employee as CEO of France-based multinational automotive supplier Valeo Jacques Aschenbroicha looks on, in Etaples, , northern France, Tuesday May 26, 2020. Emmanuel Macron announced a 8 billion euro ($8.8 billion) plan to save the country's car industry from huge losses wrought by virus lockdowns, including a big boost for electric vehicles. The plan includes government subsidies for car buyers and longer-term investment in innovative technology, especially in battery-powered cars. (Ludovic Marin, Pool via AP)

France deploys $8.8 billion to rescue ailing car industry

May. 26, 2020 4:01 PM EDT

PARIS (AP) — France’s government is injecting more than 8 billion euros ($8.8 billion) to save the country’s car industry from huge losses wrought by virus lockdowns, and wants to use the crisis to make France the No. 1 producer of electric vehicles in Europe. Starting next week, consumers...

Judge dismisses lawsuit against pellet grill company

May. 25, 2020 4:28 PM EDT

SALEM, Ore. (AP) — A district court judge has dismissed a proposed class action lawsuit against barbecue grill manufacturer Traeger Pellet Grills, deciding the defendants failed to establish the court has jurisdiction. U.S. District Court Judge Bruce Jenkins of Utah dismissed without prejudice the suit...

FAA seeks $5.9 million penalty over 270 cargo flights

May. 20, 2020 6:30 PM EDT

WASHINGTON (AP) — Federal regulators are seeking a $5.9 million penalty against an Atlanta aviation company that they say operated illegal cargo flights that were “careless or reckless” and posed a safety risk. The Federal Aviation Administration said Wednesday that Humes McCoy Aviation...

Delaware port operator can't block access to fuel tanks

May. 20, 2020 5:07 PM EDT

DOVER, Del. (AP) — A Delaware judge has granted a preliminary injunction preventing the company that operates the Wilmington port from blocking access to an adjacent fuel storage terminal while he mulls a fee dispute with the owner of the terminal. The judge’s ruling Wednesday comes a week after he...

FILE - In this Friday, April 13, 2018, file photo, Herbert Diess, right, CEO of the Volkswagen, and Hans Dieter Poetsch, left, chairman of the board of directors of Volkswagen address the media during a press conference in Wolfsburg, Germany. Volkswagen said charges of securities-law violations against its CEO and board chairman are to be dropped in return for a 9 million-euro ($10 million) payment, removing a potential distraction for the company's management team as it copes with the virus crisis and oversees the rollout of a new generation of electric cars. (AP Photo/Michael Sohn, File)

Securities case ended against Volkswagen CEO, board chairman

May. 20, 2020 12:39 PM EDT

FRANKFURT, Germany (AP) — Volkswagen said charges of securities-law violations against its CEO and board chairman are to be dropped in return for a 9 million-euro ($10 million) payment, removing a potential distraction for the company's management team as it copes with the virus crisis and oversees the...

FILE - In this Feb. 18, 2020 file photo, artifacts recovered from the Titanic sit on shelves at a storage facility in Atlanta.  A federal judge in Virginia has ruled that a salvage firm can retrieve the Marconi wireless telegraph machine that broadcast distress calls from the sinking Titanic ocean liner.  In an order released Monday, May 18, U.S. District Judge Rebecca Beach Smith agreed that the telegraph is historically and culturally important and could soon be lost within the rapidly decaying wreck site.  (AP Photo/Angie Wang, File)

Judge: Salvage firm can recover Titanic's telegraph machine

May. 19, 2020 6:03 PM EDT

NORFOLK, Va. (AP) — A federal judge in Virginia has ruled that a salvage firm can retrieve the Marconi wireless telegraph machine that broadcast distress calls from the sinking Titanic ocean liner. In an order released Monday, U.S. District Judge Rebecca Beach Smith agreed that the telegraph is...

FILE - In this March 9, 2020, file photo, Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington. Musk is threatening to pull the company’s factory and headquarters out of California in an escalating spat with local officials over reopening an electric vehicle plant. On Twitter Saturday afternoon, May 9, 2020. Musk also threatened to sue over Health Department coronavirus restrictions that have stopped Tesla from restarting production at its factory in Fremont south of San Francisco. (AP Photo/Susan Walsh, File)

Tesla shareholder suit over Elon Musk tweets remains on hold

May. 19, 2020 5:58 PM EDT

DOVER, Del. (AP) — A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO Elon Musk from using his personal Twitter account to disseminate information regarding the electric vehicle and solar panel manufacturer. Vice Chancellor Joseph Slights...

Caribbean telecom provider Digicel files for bankruptcy

May. 19, 2020 5:22 PM EDT

SAN JUAN, Puerto Rico (AP) — Digicel, a Caribbean-based telecommunications and entertainment provider that services more than 20 islands in the region as well as Central America and Oceania, has filed for bankruptcy court reorganization. A spokesman for Digicel said Tuesday that the Chapter 15 filing in...