Latest Corporate legal affairs News

OxyContin maker Purdue Pharma to plead to 3 criminal charges

Oct. 21, 2020 4:01 PM EDT

WASHINGTON (AP) — Drugmaker Purdue Pharma, the company behind OxyContin, the powerful prescription painkiller that experts say helped touch off an opioid epidemic, will plead guilty to federal criminal charges as part of a settlement of more than $8 billion, the Justice Department announced Wednesday. ...

FILE - In this Monday, Nov. 18, 2019, file photo, the logo of Google is displayed on a carpet at the entrance hall of Google France in Paris. The Trump administration's legal assault on Google actually feels like a blast from the past.
The U.S. Justice Department filed an equally high-profile case against a technology giant in 1998. (AP Photo/Michel Euler, File)

Australian watchdog considers its own Google antitrust case

Oct. 21, 2020 2:33 AM EDT

CANBERRA, Australia (AP) — Australia’s competition watchdog will consider its own antitrust case against Google, the commission chairman said Wednesday after the U.S. Justice Department sued the company for abusing its dominance in online search and advertising. Competition and Consumer Commission...

A man looks at an electronic stock board of a securities firm in Tokyo, Wednesday, Oct. 21, 2020. Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies.(AP Photo/Koji Sasahara)

Asian shares rise after Wall Street gains on solid earnings

Oct. 20, 2020 11:19 PM EDT

TOKYO (AP) — Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies. Japan's benchmark Nikkei 225 gained 0.5% in morning trading to 23,676.90. South Korea's Kospi added 0.4% to 2,366.40, while Australia's...

FILE - This undated file photo provided by Robert Brown Public Relations shows Greg Lindberg. Lindberg has started serving a federal prison sentence for corruption-related convictions and was in custody Tuesday, Oct. 20, 2020, at a minimum-security prison in Montgomery, Alabama, according to Scott Taylor, a spokesman for the Federal Bureau of Prisons. (Robert Brown Public Relations/Greg Lindberg via AP, File)

N.C. insurance magnate begins serving federal prison term

Oct. 20, 2020 7:21 PM EDT

RALEIGH, N.C. (AP) — A North Carolina insurance magnate and prolific political donor has started serving a federal prison sentence for corruption-related convictions. Greg E. Lindberg was in custody on Tuesday at a minimum-security prison in Montgomery, Alabama, according to Scott Taylor, a spokesman for...

FILE - In this Sept. 24, 2019, file photo a sign is shown on a Google building at their campus in Mountain View, Calif.  The Justice Department is expected to file a lawsuit Tuesday alleging that Google has been abusing its online dominance in online search to stifle competition and harm consumers. The litigation marks the government’s most significant act to protect competition since its groundbreaking case against Microsoft more than 20 years ago. The suit could be an opening salvo ahead of other major government antitrust actions, given ongoing investigations of major tech companies including Apple, Amazon and Facebook at both the Justice Department and the Federal Trade Commission.  (AP Photo/Jeff Chiu, File)

Justice Dept. files landmark antitrust case against Google

Oct. 20, 2020 6:15 PM EDT

WASHINGTON (AP) — The Justice Department on Tuesday sued Google for abusing its dominance in online search and advertising — the government’s most significant attempt to protect competition since its groundbreaking case against Microsoft more than 20 years ago. And it could just be an opening...

Man gets prison for sabotage that caused PPE delivery delay

Oct. 20, 2020 1:36 PM EDT

ATLANTA (AP) — A former vice president of a medical device packaging company has been sentenced to a year in federal prison for sabotaging his former employer's electronic shipping records, which prosecutors said delayed the delivery of personal protective equipment to health care providers. Christopher...

A poster showing six wanted Russian military intelligence officers is displayed before a news conference at the Department of Justice, Monday, Oct. 19, 2020, in Washington. (AP Photo/Andrew Harnik, pool)

6 Russian officers charged in 'destructive' hacking campaign

Oct. 20, 2020 9:00 AM EDT

WASHINGTON (AP) — The Justice Department announced charges against Russian intelligence officers in cyberattacks that targeted a French presidential election, the Winter Olympics in South Korea and American businesses. The case implicates the Kremlin unit that interfered in the 2016 U.S. election but is...

FILE - In this Oct.4, 2017 file photo, police officers escort Alexander Vinnik, center as they leave a courthouse at the northern Greek city of Thessaloniki. The Russian bitcoin fraud suspect Alexander Vinnik goes on trial on Monday in Paris for allegedly having used ransomware in a fraud involving 200 victims and estimated to a global amount of 135 million euros. Alexander Vinnik, who is also wanted in the United States and in Russia, is facing up to ten years in prison in a four-day trial in France over charges of extorsion, money laundering and criminal association. (AP Photo/Giannis Papanikos, File)

Trial of Russian charged in bitcoin fraud begins in Paris

Oct. 19, 2020 8:03 AM EDT

PARIS (AP) — The trial of a Russian man alleged to have used ransomware in a 135 million euros ($157 million) bitcoin fraud will begin Monday. Alexander Vinnik, who is also wanted in the United States and in Russia, faces up to ten years in prison at his Paris trial over charges of extortion, money...

FILE - This Friday, Aug. 23, 2019 photo shows the Instagram app icon on the screen of a mobile device in New York. Irish privacy regulators have opened two investigations into Instagram over the social media site's handling of children's data. Ireland's Data Protection Commission said on Sunday, Oct. 18, 2020 it launched the investigations in September after receiving complaints about the company. Facebook, which owns Instagram, said it's in “close contact” with the commission and is

Irish regulator investigates Instagram over children's data

Oct. 19, 2020 8:03 AM EDT

LONDON (AP) — Irish privacy regulators have opened two investigations into Instagram over the social media site's handling of young people's personal data. Ireland's Data Protection Commission said it launched the investigations in September after receiving complaints about the company. Facebook, which...

This photo provided by Cresco Labs LLC shows Charlie Bachtell, CEO of Cresco Labs.  Demand for marijuana products in U.S. states where they are legal in some form has been resilient this year, despite the pandemic. Bachtell credits strong sales this year to growing marijuana demand and retailers having been deemed essential businesses during the pandemic.  (Cresco Labs LLC via AP)

Cresco Labs CEO talks legal marijuana industry challenges

Oct. 18, 2020 10:10 AM EDT

LOS ANGELES (AP) — Demand for marijuana products in U.S. states where they are legal in some form has been resilient this year, despite the pandemic. In California and other states that account for most of the retail sales of marijuana for recreational use, sales are up 8.5% from a year ago, according to...