Latest Corporate legal affairs News

CEO, Speaker worked closely to pass tainted energy bill

Jul. 30, 2021 09:11 AM EDT

CLEVELAND (AP) — One was a millionaire CEO of a large publicly traded utility looking for 11th-hour help to save two nuclear power plants that hung like millstones around the neck of his company’s bottom line. The other was a former legislator seeking to restore his...

Illinois reports winners of 55 marijuana licenses in lottery

Jul. 29, 2021 22:19 PM EDT

SPRINGFIELD, Ill. (AP) — There are 55 winners of Illinois’ lottery for licenses to operate marijuana retail stores officials said Thursday, but the licenses can’t be awarded until a judge rules on a challenge to the process. Awarding of the licenses by the Illinois...

Scarlett Johansson sues Disney over ‘Black Widow’ release

Jul. 29, 2021 18:56 PM EDT

LOS ANGELES (AP) — Scarlett Johansson is suing the Walt Disney Co. over its streaming release of “Black Widow,” which she said breached her contract and deprived her of potential earnings. In a lawsuit filed Thursday in Los Angeles Superior Court, the “Black...

Nikola founder Milton freed on $100M bail after fraud arrest

Jul. 29, 2021 18:26 PM EDT

NEW YORK (AP) — The founder and one-time executive chair of Nikola Corp. was freed on $100 million bail Thursday after pleading not guilty to charges alleging he lied about the electric and hydrogen-powered truck startup, duping novice investors including some financially struggling people...

Heartbroken parents to sue a year after 9 troops died at sea

Jul. 29, 2021 17:37 PM EDT

OCEANSIDE, Calif. (AP) — The families of eight Marines and one sailor who died when their amphibious assault vehicle sank off the Southern California coast last summer plan to sue the manufacturer of the vehicle that resembles an armored seafaring tank, their lawyers announced Thursday, a...

Longtime New Mexico lawmaker focus of criminal investigation

Jul. 29, 2021 14:04 PM EDT

ALBUQUERQUE, N.M. (AP) — Authorities are investigating longtime New Mexico legislator Sheryl Williams Stapleton's possibly illegal connections to a company that received more than $5 million in contracts to do business with the school district where she works and whether she got financial...

Attorney: $35M settlement was opioid firm's best, last offer

Jul. 29, 2021 13:15 PM EDT

NASHVILLE, Tenn. (AP) — An attorney who helped reach a $35 million settlement with an opioid manufacturer over the company's role in the epidemic in Tennessee said Thursday that his team accepted the drug maker's “last, best and final” offer, arguing the agreement avoids the possible...

Hog dealer fires Iowa-based employees over buying violations

Jul. 29, 2021 11:57 AM EDT

IOWA CITY, Iowa (AP) — An influential hog dealer sanctioned twice for defrauding pork producers out of hundreds of thousands of dollars says it has fired employees responsible for its latest violations and paid restitution to affected sellers. Lynch Livestock, based in...

Bayer takes additional $4.5 billion charge for Roundup suits

Jul. 29, 2021 11:18 AM EDT

FRANKFURT, Germany (AP) — German pharmaceutical and chemical company Bayer said Thursday it would take a provision of $4.5 billion against second-quarter earnings to put the company on what it said would be a path to closure of thousands of U.S. lawsuits over a weedkiller containing the...

Russia fines Google for violating data storage law

Jul. 29, 2021 08:38 AM EDT

MOSCOW (AP) — A Moscow court ordered Google on Thursday to pay a fine of 3 million rubles (roughly $41,000) for refusing to store the personal data of Russian users on servers in Russia, a move that is part of the government's longstanding effort to tighten its grip on online activity. ...