Latest Corporate legal affairs News

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...

Japan court: TEPCO execs not guilty in Fukushima disaster

Sep. 19, 2019 10:11 AM EDT

TOKYO (AP) — A Japanese court ruled Thursday that three former executives of Tokyo Electric Power Company were not guilty of professional negligence in the 2011 disaster at the Fukushima nuclear power plant because ensuring absolute safety at nuclear plants was not a government requirement at that time....

Purdue Pharma asks judge to stop lawsuits against Sacklers

Sep. 18, 2019 8:58 PM EDT

OxyContin maker Purdue Pharma on Wednesday asked a bankruptcy court judge to halt all lawsuits against the company and its former directors, including members of the Sackler family, which owns the company. The request is a standard ask for a company that's filed for bankruptcy , as Purdue did this week in an...

The Latest: Union protesters arrested at Tennessee GM plant

Sep. 18, 2019 6:36 PM EDT

DETROIT (AP) — The Latest on the United Auto Workers union's strike that has crippled U.S. production at General Motors (all times local): 5:15 p.m. A United Auto Workers official says about seven to nine union picketers were arrested for blocking a roadway at a General Motors plant in Tennessee. Local UAW...

Courthouse break-ins appear part of Iowa security contract

Sep. 18, 2019 5:51 PM EDT

The state of Iowa released documents Wednesday that appear to support the claims of two men who said they were just doing their job testing security when they were arrested on suspicion of breaking into a courthouse this month. The men were working for Colorado-based cybersecurity company Coalfire when they were...

The Latest: J&J company says it will fight WVa mesh lawsuit

Sep. 18, 2019 3:18 PM EDT

CHARLESTON, W.Va. (AP) — The Latest on The West Virginia attorney general's lawsuit against Johnson & Johnson over surgical mesh(all times local): 3 p.m. A Johnson & Johnson subsidiary says it will vigorously defend itself against a West Virginia lawsuit accusing the companies of mispresenting the...

Bangladesh's leading cellphone companies in legal tussle

Sep. 18, 2019 10:03 AM EDT

DHAKA, Bangladesh (AP) — Bangladesh's two leading cellphone companies are negotiating with a regulator over claims of about $1.5 billion in unpaid taxes as they face a possible loss of their licenses amid a legal battle that could hurt investor confidence. The Bangladesh Telecommunication Regulatory...

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...