Latest Corporate legal affairs News

Virginia CEO convicted of fraud charges linked to bankruptcy

Dec. 09, 2021 08:47 AM EST

ALEXANDRIA, Va. (AP) — The CEO of a private jet charter company in Virginia has been convicted of multiple fraud charges tied to a bankruptcy case in which he discharged over $6 million in personal debt, according to a federal prosecutor. The U.S. Attorney's Office for the Eastern...

Lowe's CEO addresses race, inflation and vaccine mandates

Dec. 09, 2021 06:02 AM EST

NEW YORK (AP) — Lowe's CEO Marvin Ellison personally knows about racism. He grew up in segregated rural Tennessee. His father was a sharecropper-turned-insurance salesman and his mother was one of the first in their family to graduate from high school. Both parents taught him and...

What Elizabeth Holmes had to say at her trial: 5 takeaways

Dec. 09, 2021 00:06 AM EST

SAN JOSE, Calif. (AP) — Once-lionized entrepreneur Elizabeth Holmes wrapped up seven days of testimony in her criminal fraud trial Wednesday, having largely used the time to defend her actions as CEO of the startup Theranos. The company she founded had soared on the promise of innovative...

Allergan settles for $200M with New York over opioids

Dec. 08, 2021 20:35 PM EST

NEW YORK (AP) — Pharmaceutical company Allergan Finance LLC will pay $200 million to New York state and two of its counties as part of an agreement that removes it from an ongoing state lawsuit over the opioid crisis, state Attorney General Letitia James announced Wednesday. As...

Murdaugh killings in South Carolina unsolved 6 months later

Dec. 08, 2021 17:04 PM EST

COLUMBIA, S.C. (AP) — More than six months after the wife and son of a prominent South Carolina lawyer were gunned down at the family's estate, their killings remain unsolved. But while little is said about the deaths, the legal drama around Alex Murdaugh continues, from lawsuits...

Editorial Roundup: Florida

Dec. 08, 2021 14:05 PM EST

Palm Beach Post. December 5, 2021. Editorial: Court ruling a wake-up call for better approach to gambling Just when it appeared Florida was on its way to becoming a gambling mecca, a federal judge invalidated an agreement between the state and the Seminoles that would...

'Pharma Bro' firm reaches $40M settlement in gouging case

Dec. 08, 2021 11:19 AM EST

SACRAMENTO, Calif. (AP) — A company once owned by “Pharma Bro" Martin Shkreli will pay up to $40 million to settle allegations that it jacked up the price of a life-saving medication by roughly 4,000% after obtaining exclusive rights to the drug, the Federal Trade Commission announced Tuesday....

Facebook broadens ban on military-linked Myanmar companies

Dec. 08, 2021 04:47 AM EST

BANGKOK (AP) — Facebook’s parent company Meta said Wednesday it has expanded its ban on postings linked to Myanmar’s military to include all pages, groups, and accounts representing military-controlled businesses. It had already banned advertising from such businesses in February. ...

Nevada jury: Health insurers owe ER doctors $60M in damages

Dec. 07, 2021 22:29 PM EST

LAS VEGAS (AP) — One of the largest U.S. health insurance companies and its branches in Nevada were found liable Tuesday for $60 million in punitive damages for underpaying out-of-network emergency medical providers. A state court jury said three plaintiffs headed by urgent care...

Rohingya sue Facebook for $150B, alleging role in violence

Dec. 07, 2021 20:25 PM EST

LONDON (AP) — Rohingya refugees sued social network powerhouse Facebook for more than $150 billion, accusing it of failing to stop hate speech that incited violence against the Muslim ethnic group by military rulers and their supporters in Myanmar. Years after coming under...