Santa Clara County says the company profited from fraudulent ads targeting seniors and families.
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LONDON, May 12 (Reuters) - Nokia won an appeal to block London lawsuits by Taiwanese tech companies Acer and Asus on Tuesday in a case which is part of a global dispute over video coding technology.
Texas Attorney General Ken Paxton has filed a lawsuit against Netflix (NasdaqGS:NFLX). The suit accuses Netflix of illegally collecting data on children and designing its platform to be addictive. Allegations include misrepresenting data practices, unlawful surveillance of users, and prioritizing behavioral data monetization. The case seeks penalties, state-level restrictions, and a permanent injunction on certain user data practices. For investors watching Netflix as a large subscription...
Tesla stock faces new setbacks in its effort to recover from an eight-week slump from earlier this year. On Monday, the stock was down.
IBM (NYSE:IBM) is facing a lawsuit that accuses the company of racially discriminatory layoffs targeting Black executives. The suit alleges a pattern of race based terminations tied to shifts in regulatory and compliance priorities. The case raises questions about IBM's diversity, equity, and inclusion practices and its internal governance controls. For investors following NYSE:IBM as a large enterprise technology and services provider, this case adds a social and governance angle to the...
The model was on sale for just five months because buyers felt some of the most desirable aspects of the Cybertruck line had been removed.
A former JPMorgan Chase employee has filed a high-profile corrected lawsuit accusing executive Lorna Hajdini of sexual harassment, assault, retaliation, and discrimination. The suit, recently amended and refiled with more detailed allegations, follows the employee's complaint and period of medical leave. Both JPMorgan Chase and Hajdini deny the claims, stating internal investigations did not find merit to the allegations. JPMorgan Chase, traded as NYSE:JPM, is facing this legal challenge...
Multiple law firms have launched class action lawsuits against Babcock & Wilcox Enterprises (BW), alleging securities fraud tied to disclosures about a Power Generation Contract and conflicts of interest involving the company’s largest shareholder. See our latest analysis for Babcock & Wilcox Enterprises. At a share price of $14.84, BW has given investors a 133.70% year to date share price return and a very large 1 year total shareholder return. However, the recent 30 day share price return...
Google has reached a settlement with Black employees who alleged systemic racial disparities in hiring, pay, and advancement in a lawsuit filed in 2022. April Curley, a former Google employee, had sued the tech giant for racial discrimination, saying it engages in a “pattern and practice” of unfair treatment for its Black workers. Other former Google workers also joined the suit, which later received class action status.
EU regulators are giving Alphabet's Google a little bit more time to sooth their concerns after a previous proposal from the company fell short, the European Commission said on Friday. "Google is engaging with the Commission to defend itself and in other in order to offer a solution that really addresses the concerns that were raised in the case and in the preliminary findings," Commission spokesperson Thomas Regnier told a daily news conference. The Commission, which acts as the EU competition enforcer, has charged Google with breaching the Digital Markets Act, which aims to rein in the power of Big Tech, and is in the midst of finalising its decision that could include a fine against Google.
If you've ever felt like pressing on your brake pedal seemed a lot like stepping on a giant sponge, chances are your vehicle needed some brake and clutch fluid. And if you've recently needed brake fluid and purchased ACDelco brand, this product recall is for you. On Thursday, May 7, the National ...
Shivon Zilis was an under-the-radar executive at Elon Musk’s companies and an OpenAI board member back in 2022. But she was hiding a major secret – Musk was the father of her twins born the year before.
Google faces a fresh UK lawsuit accusing it of abusing its dominance in online display advertising, the claimants announced Thursday, in the latest antitrust action against the US tech giant.A separate lawsuit filed in UK courts last year also accused Google of overcharging for online advertising.
Investors focus on software fix and Roadster
Malone's lawyers argue the perfumer has every right to use her own name, and wonder why the Estée Lauder Cos. has filed suit now, 14 years after the founding of Jo Loves, and seven years after the first fragrance collaboration with Zara.
JPMorgan Chase (NYSE:JPM) is participating in a cross border pilot to settle tokenized US Treasuries in near real time alongside Ripple, Mastercard, and Ondo Finance. The bank is also facing a lawsuit in China from HY Energy over the freezing of major fund transfers tied to US sanctions rules. For a global bank like JPMorgan Chase, this mix of digital asset settlement work and sanctions related scrutiny highlights how core banking activities are changing. Tokenized US Treasuries aim to move...
Kinder Morgan is being sued after a pipeline explosion in Texas that caused severe injuries to a worker. The lawsuit alleges negligence and gross negligence, focusing on safety procedures and maintenance at the site. The case raises questions around Kinder Morgan's operational risk management and potential legal exposure. Kinder Morgan (NYSE:KMI) is in focus as this legal case develops alongside a current share price of $31.58. The stock has returned 14.0% year to date and 19.1% over the...
The FCA’s move comes amid rising digital wallet usage in the UK.
Tesla has built its brand on the idea that software is a strength, not a vulnerability. A recall confirmed May 6 is a reminder that the gap between those two things can close quickly. The National Highway Traffic Safety Administration (NHTSA) confirmed that 218,868 Tesla vehicles are being recalled ...
The FDA approved fruit-flavored vape pods on Wednesday for the first time in six years. Critics say it's political pressure. Supporters say it follows the science.
Google has proposed modifications to the way it presents news results on its search engine, aiming to prevent additions to the 9.5 billion euros ($11.16 billion) in competition fines it has accumulated from the European Union, Bloomberg News reported on Wednesday. The company could avoid a formal order to change its business practices and potential fines under the Digital Markets Act if its offer, which includes amendments to its anti-spam policies, is approved by market rivals and EU regulators, the report said. Google did not immediately respond to a Reuters request for comment.
Apple has agreed to pay $250 million to settle a class action lawsuit for overpromising the arrival of Siri's AI features.
Justice Elena Kagan, on behalf of the court, declined to pause a ruling by the San Francisco-based 9th U.S. Circuit Court of Appeals that deemed Apple in contempt in the Epic lawsuit contesting App Store fees. Apple had sought the delay to give it time to file a full Supreme Court appeal of the 9th Circuit decision.
Settlement tied to AI feature rollout concerns
Software update aims to fix delayed image display problem
Meta Under Pressure as Major Publishers Challenge Llama AI Training Practices
U.S. buyers of the iPhone 15 Pro and iPhone 16 could receive up to $95 per device if a judge approves the deal
Tesla stock rose early Wednesday as the electric-vehicle maker recalled 218,868 cars to correct a rearview camera issue. Tesla shares were up 0.2% at $390.26, while and futures were up 0.7% and 0.9%, respectively. Benchmark oil prices were down 8% at just over $101 per barrel in early trading.
Apple agreed to a $250 million settlement
Nike stock has fallen far from its 2021 high, but has it hit the bottom yet?