Latest Corporate legal affairs News

Knockoff pot vapes raise concerns for licensed companies

Sep. 17, 2019 9:12 PM EDT

LOS ANGELES (AP) — A short walk from police headquarters in the heart of downtown Los Angeles, a cluster of bustling shops are openly selling packaging and hardware that can be used to produce counterfeit marijuana vapes that have infected California's cannabis market. Bootleggers eager to profit off...

Purdue Pharma to stay in business as bankruptcy unfolds

Sep. 17, 2019 7:41 PM EDT

WHITE PLAINS, N.Y. (AP) — A judge cleared the way Tuesday for OxyContin maker Purdue Pharma to stay in business while it pursues bankruptcy protection and settlement of more than 2,600 lawsuits filed against it in a reckoning over the opioid crisis. At the first court hearing since the Chapter 11 filing...

Democrats raise political influence issue in antitrust probe

Sep. 17, 2019 7:33 PM EDT

WASHINGTON (AP) — Senate Democrats are challenging a new Justice Department probe into a deal between California and four big automakers, accusing the Trump administration of using antitrust powers to target political opponents. "My suggestion is you're doing this for political reasons," Sen. Sheldon...

Bachelet denied campaign took money from Brazil OAS company

Sep. 17, 2019 6:48 PM EDT

SANTIAGO, Chile (AP) — U.N. human rights chief Michelle Bachelet is denying accusations by a former businessman ensnared in Latin America's biggest corruption scandal that her 2013 presidential campaign in Chile illegally took money from the Brazilian company OAS. Bachelet told Chile's 24 Horas TV channel...

The Latest: First hearing set on Purdue bankruptcy

Sep. 16, 2019 9:29 PM EDT

The Latest on Purdue Pharmas bankruptcy filing (all times local): 4 p.m. A judge will need to decide whether lawsuits against members of the Sackler family that owns Purdue Pharma can go ahead with the company seeking bankruptcy protection. But at a hearing Tuesday in White Plains, New York, Judge Robert Drain is...

Judge tosses out lawsuit over law center's hate group labels

Sep. 16, 2019 6:21 PM EDT

COLLEGE PARK, Md. (AP) — A federal judge has thrown out a lawsuit that accused leaders of the Southern Poverty Law Center of trying to financially destroy one of the organizations that it has labeled as a hate group. The Center for Immigration Studies' lawsuit is devoid of any allegation that the law...

Can Purdue Pharma's opioid settlement win judge's approval?

Sep. 16, 2019 5:12 PM EDT

BOSTON (AP) — OxyContin maker Purdue Pharma has embarked on a multibillion-dollar plan to settle thousands of lawsuits over the nation's deadly opioid crisis by transforming itself in bankruptcy court into a sort of hybrid between a business and a charity. Whether the company can pull it off remains to be...

Purdue Pharma files for bankruptcy as part of settlement

Sep. 16, 2019 2:27 PM EDT

Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, filed for bankruptcy in White Plains, New York, days after reaching a tentative settlement with many of the state and local governments suing it over the toll of opioids. The filing was anticipated before and after the...

Volkswagen to pay up to $87 million in Australia for scandal

Sep. 16, 2019 3:42 AM EDT

CANBERRA, Australia (AP) — Volkswagen has agreed to pay up to 127 million Australian dollars ($87 million) to settle an Australian class action stemming from the 2015 diesel emissions scandal, the German automaker and a lawyer said Monday. The settlement was announced in the Federal Court in Sydney by law...

Company that makes prescription painkiller OxyContin files for bankruptcy protection amid lawsuits over opioid crisis.

Sep. 15, 2019 11:20 PM EDT
WHITE PLAINS, N.Y. (AP) — Company that makes prescription painkiller OxyContin files for bankruptcy protection amid lawsuits over opioid crisis.