Latest Corporate legal affairs News

Meng Wanzhou, chief financial officer of Huawei, leaves her home to go to B.C. Supreme Court in Vancouver, Thursday, January, 23, 2020. Wanzhou is in court for hearings over an American request to extradite the executive of the Chinese telecom giant Huawei on fraud charges. (Jonathan Hayward/The Canadian Press via AP)

First stage of extradition hearing for top Huawei exec ends

Jan. 23, 2020 3:20 PM EST

VANCOUVER, British Columbia (AP) — A Canadian judge said Thursday she will announce her decision at a later date after she ended the first phase of an extradition hearing that will decide whether a top executive of Chinese tech giant Huawei is sent to the United States. This week's hearings dealt with the...

FILE - In this Sept. 20, 2016, file photo, Wells Fargo CEO John Stumpf testifies on Capitol Hill in Washington, before the Senate Banking Committee. Federal regulators have slapped former Wells Fargo Chief Executive Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal. (AP Photo/Susan Walsh, File)

Former Wells Fargo CEO fined $17.5M for sales scandal

Jan. 23, 2020 2:59 PM EST

NEW YORK (AP) — Federal regulators have slapped former Wells Fargo Chief Executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal. Stumpf also accepted a lifetime ban from the banking industry. Along with its fine against Stumpf, the Office of the Comptroller of...

Insys Therapeutics founder John Kapoor arrives for sentencing at federal court on Thursday, Jan. 23, 2020, in Boston. Kapoor was convicted in a bribery and kickback scheme that prosecutors said helped fuel the opioid crisis. He and others in the company were accused of paying millions of dollars in bribes to doctors across the nation to prescribe the company's highly addictive fentanyl spray, known as Subsys. (AP Photo/Charles Krupa)

Ex-pharmaceutical exec to be sentenced for pushing opioid

Jan. 23, 2020 2:05 PM EST

BOSTON (AP) — The founder of an Arizona pharmaceutical company arrived at federal court in Boston on Thursday to be sentenced for orchestrating a bribery and kickback scheme that prosecutors said helped fuel the opioid crisis. John Kapoor, the 76-year-old former chairman of Insys Therapeutics, was found...

Lawsuit: Woman reported sexual harassment, then got fired

Jan. 23, 2020 3:01 AM EST

ASHEVILLE, N.C. (AP) — A grocery store worker in North Carolina who says she was fired after reporting sexual harassment at work has filed a federal lawsuit against the company. The woman, 54, accused an assistant store manager at an Ingles grocery store of inappropriate touching and making crude comments...

Hospital board members seek to dismiss former CEO's lawsuit

Jan. 22, 2020 8:30 PM EST

SPRINGFIELD, Vt. (AP) — A consulting firm and members of the board of a Vermont health care system and hospital are seeking to have a federal lawsuit filed by the hospital's former CEO dismissed. Seven members of the board of Springfield Medical Care Systems and Springfield Hospital filed a recent...

FILE - In this Dec. 18, 2019, file photo passengers find their rides at the Ride Share point as they exit Phoenix Sky Harbor International Airport in Phoenix. A new $4 fee on Uber and Lyft rides to and from the Phoenix airport is

Phoenix halts rail-hailing fee hike at airport until ruling

Jan. 22, 2020 8:29 PM EST

PHOENIX (AP) — The city has decided not to move ahead with higher fees for ride-hailing companies at Phoenix Sky Harbor International Airport until the Arizona Supreme Court rules on a petition challenging the constitutionality of the ordinance, the state attorney general said Wednesday. The increased...

Ex-pharma CEO gets over 2 years in prison for bribery scheme

Jan. 22, 2020 8:01 PM EST

BOSTON (AP) — The former head of a drug company was sentenced Wednesday to two and a half years in federal prison in a bribery and kickbacks scheme that prosecutors say helped fuel the opioid crisis. Michael Babich, a Scottsdale, Arizona, resident who was CEO of Insys Therapeutics, was sentenced Wednesday...

FILE - In this March 11, 2019 file photo, the Trump International Hotel is seen in Washington. District of Columbia Attorney General is suing President Donald Trump's inaugural committee and two companies that control the Trump International Hotel in D.C., accusing the groups of abusing nonprofit funds to benefit Trump's family.  (AP Photo/Mark Tenally)

DC claims inaugural committee spending enriched Trump family

Jan. 22, 2020 6:19 PM EST

WASHINGTON (AP) — Donald Trump’s inaugural committee spent more than $1 million to book a ballroom at the Trump International Hotel in the nation's capital as part of a scheme to “grossly overpay” for party space and enrich the president's own family in the process, according to a...

Maine utility commission to investigate Central Maine Power

Jan. 22, 2020 5:23 PM EST

HALLOWELL, Maine (AP) — The Maine Public Utilities Commission voted Tuesday to investigate Central Maine Power Co. to discover if the utility issued disconnection notices during a period when utilities cannot be legally turned off. Commission Chairman Phil Bartlett said this is not the first time the...

Group ends effort to block bailout for Ohio nuclear plants

Jan. 22, 2020 3:53 PM EST

COLUMBUS, Ohio (AP) — Opponents of Ohio's roughly $1 billion financial rescue of the state's two nuclear power plants will end their attempt to overturn the bailout. The group called Ohioans Against Corporate Bailouts filed a motion Tuesday in federal court to dismiss its appeal that was seeking more time...