Latest Corporate legal affairs News

Antitrust trial puts book publishing industry in the dock

Aug. 06, 2022 08:47 AM EDT

NEW YORK (AP) — The Justice Department's effort to block the merger of Penguin Random House and Simon & Schuster isn't just a showcase for the Biden administration's tougher approach to corporate consolidation, it's a rare moment for the publishing industry itself to be placed in the dock. ...

Musk countersuit accuses Twitter of fraud over 'bot' count

Aug. 05, 2022 13:54 PM EDT

Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he claimed held back necessary information and misled his team about the true size of its user base. The countersuit by the billionaire and Tesla CEO alleges...

CEO of publishing giant defends deal challenged by US gov't

Aug. 04, 2022 19:30 PM EDT

WASHINGTON (AP) — The head of publishing titan Penguin Random House on Thursday defended his company’s deal to acquire rival Simon & Schuster against the government’s claim it would thwart competition. But he acknowledged that the merger would buttress his company’s position as the...

Trump testimony expected soon in NY civil investigation

Aug. 04, 2022 13:02 PM EDT

NEW YORK (AP) — Former President Donald Trump is expected to be questioned under oath in the coming days in the New York attorney general's long-running investigation into his dealings as a real estate mogul. The deposition could be a critical moment in the investigation of...

Sandy Hook parents: Alex Jones claims created 'living hell'

Aug. 02, 2022 21:24 PM EDT

AUSTIN, Texas (AP) — Fighting back tears and finally given the chance to confront conspiracy theorist Alex Jones, the parents of a 6-year-old killed in the 2012 Sandy Hook Elementary School shooting described being put through a “living hell” of death threats, harassment and ongoing trauma...

Mexico's attorney general investigating ex-president

Aug. 02, 2022 19:25 PM EDT

MEXICO CITY (AP) — Mexico’s Attorney General’s Office said Tuesday that it has opened several lines of investigation against former President Enrique Peña Nieto, several weeks after the country’s anti-money laundering agency accused the former leader of handling millions of dollars in...

Elon Musk's tech allies miffed about Twitter subpoenas

Aug. 02, 2022 16:58 PM EDT

SAN FRANCISCO (AP) — Elon Musk’s wealthy high tech allies don’t seem too happy about receiving subpoenas from Twitter as part of the company’s legal battle with the Tesla CEO. San Francisco-based Twitter is suing Musk in Delaware in an attempt to get him to complete his $44...

Feds target US companies caught in lucrative shark fin trade

Aug. 02, 2022 09:57 AM EDT

MIAMI (AP) — It's one of the seafood industry's most gruesome hunts. Every year, the fins of as many as 73 million sharks are sliced from the backs of the majestic sea predators, their bleeding bodies sometimes dumped back into the ocean where they are left to suffocate or die of...

WVa cities, counties reach $400M settlement with drug firms

Aug. 01, 2022 19:06 PM EDT

CHARLESTON, W.Va. (AP) — West Virginia cities and counties reached a $400 million tentative settlement with three major U.S. drug distributors, lawyers announced Monday. In a lawsuit in state court, the cities and counties accused the distributors of fueling the opioid epidemic....

Family of California shooting victims sue gun distributor

Aug. 01, 2022 17:35 PM EDT

Family members of some of the people killed or wounded during a 2019 shooting at a California garlic festival are suing the companies that distributed the rifle used in the attack, saying they did not take sufficient care to prevent misuse of the firearm. Two similar lawsuits filed...