Latest Corporate legal affairs News

2 vaping companies settle LA suit, won't sell to minors

Sep. 20, 2019 8:19 PM EDT

LOS ANGELES (AP) — Two vaping companies have agreed not to promote their products to minors under a settlement with Los Angeles prosecutors. The city attorney's office announced a lawsuit settlement Friday with NEwhere Inc. and VapeCo Distribution LLC. The LA-based companies also will pay $350,000 in...

Ex-CEO sentenced to 7 years for visa fraud scheme

Sep. 20, 2019 6:49 PM EDT

SEATTLE (AP) — The former CEO of two Bellevue tech firms has been sentenced to more than seven years in federal prison for a sophisticated visa fraud scheme that cheated workers out of their wages and cheated the government out of over $1 million in taxes. KOMO reports that 50-year-old Pradyumna Kumar...

House intel chief says Facebook working on election threats

Sep. 20, 2019 4:35 PM EDT

WASHINGTON (AP) — The head of the House Intelligence Committee said Friday he has been assured by the CEO of Facebook that the company is working on ways to prevent foreign actors from disrupting next year's elections. Rep. Adam Schiff of California met with Mark Zuckerberg and said the Facebook CEO showed...

House votes to end forced arbitration in business disputes

Sep. 20, 2019 1:38 PM EDT

WASHINGTON (AP) — The House approved a bill Friday to end forced arbitration clauses that prevent workers and consumers from filing lawsuits in disputes with companies over employment practices, billing or civil rights. Supporters, mostly Democrats, said the bill would restore access to justice for...

3M halting some work in Alabama for environmental reasons

Sep. 20, 2019 9:57 AM EDT

DECATUR, Ala. (AP) — A company that's facing lawsuits and public scrutiny over pollution from a north Alabama plant says it's suspending some manufacturing work because of environmental reasons. A statement issued by 3M Co. says it is temporarily halting some operations at its factory in Decatur, but no...

Who are the Sacklers, the family behind maker of OxyContin?

Sep. 19, 2019 10:28 PM EDT

For a family with its name on a wing of one of the world's most famous museums and a school at a prestigious university, members of the Sackler clan have done a remarkable job of vanishing from public life. The family owns OxyContin maker Purdue Pharma, which filed for bankruptcy this week as part of an effort to...

Injured crewman sues boat owner for fiery disaster at sea

Sep. 19, 2019 10:18 PM EDT

LOS ANGELES (AP) — A crewman injured while escaping the fire that killed 34 people aboard a dive boat off Southern California sued the vessel's owner and the company that chartered it. Ryan Sims filed the lawsuit last week in Ventura County Superior Court saying the boat was unseaworthy and operated in an...

Labor pick will seek ethics advice on brokers conflict rule

Sep. 19, 2019 5:10 PM EDT

WASHINGTON (AP) — President Donald Trump's pick for Labor secretary sought to quell concerns among Democrats that he's too close to the corporate world, telling lawmakers Thursday that if confirmed he'll ask ethics officials if he can participate in the crafting of a conflict of interest rule for...

Blue Cross North Carolina CEO charged with drunken driving

Sep. 19, 2019 4:46 PM EDT

ASHEBORO, N.C. (AP) — The chief executive of North Carolina's largest insurer will retain his job despite a drunken driving arrest earlier this summer. Blue Cross Blue Shield of North Carolina issued a statement Thursday saying that its president and CEO, Patrick Conway, was in a car accident in June....

North Carolina man charged with defrauding Connecticut firm

Sep. 19, 2019 3:08 PM EDT

HARTFORD, Conn. (AP) — A North Carolina man is accused of defrauding a Connecticut company out of more than $350,000 through a charity matching gift program. Steven Strange is charged with using his company's matching gift program by submitting fraudulent records of donations to a charity he created, from...