accountability
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British drugmaker GSK (GSK.L) announced on Wednesday that it has agreed to settle two lawsuits in California alleging that its discontinued heartburn drug Zantac caused cancer. GSK stated it does not admit to any liability in these settlements. Over the past 12 months, GSK has resolved a series of lawsuits related to Zantac, including several…
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California Governor Gavin Newsom signed two bills into law on Tuesday that protect actors and performers from unauthorized use of their digital replicas in audio and visual productions. WHY IT’S IMPORTANT AI has influenced the entertainment industry for decades, but recent advances in generative AI—such as robots creating music as digital pop stars—have sparked debate.…
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U.S. antitrust regulators actively presented their case to block Kroger’s $25 billion bid to acquire rival grocer Albertsons. The trial will wrap up on Tuesday, but the legal battle over the merger is far from over, with two more trials this month addressing concerns that the merger could increase grocery prices. For the past three…
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Sean “Diddy” Combs used his fame as one of hip-hop’s biggest stars to coerce women into demeaning sex acts as part of a decades-long scheme involving sex trafficking and racketeering, according to a federal indictment unsealed on Tuesday. Prosecutors stated that starting in 2009, Combs leveraged his vast media empire, including his record label Bad…
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Pop star Miley Cyrus copied Bruno Mars’ hit “When I Was Your Man” in her number-one single “Flowers,” according to a copyright lawsuit filed in California federal court. The complaint, filed by music-rights owner Tempo Music Investments on Monday, claims that “Flowers” replicates “numerous melodic, harmonic, and lyrical elements” from Mars’ 2013 chart-topping song. Spokespeople…
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A lawyer representing TikTok and its Chinese parent company ByteDance urged a federal appeals court on Monday to block a U.S. law that would ban the app, which is used by 170 million Americans, starting January 19. The lawyer, Andrew Pincus, argued that the ban violates free speech protections under the U.S. Constitution. However, the…
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The Supreme Court will have an opportunity to further erode the authority of federal regulatory agencies in a case involving the vape industry, following other major rulings. As the justices prepare for a new term featuring significant business-related questions, they will address these issues over a nine-month period beginning on October 7. This term will…
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The group that successfully convinced the Supreme Court to ban the use of race in college admissions will take the Naval Academy to trial on Monday, challenging an exemption that allows military academies to continue using affirmative action policies. This two-week trial before a federal judge in Baltimore is the first to result from lawsuits…
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Carl Icahn’s investment company, Icahn Enterprises (IEP.O), won the dismissal of a lawsuit that accused it of artificially inflating its share price by issuing unsustainably high dividends to help Icahn secure large personal loans. On Friday, U.S. District Judge K. Michael Moore in Miami ruled that shareholders in the proposed class action failed to prove…
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Sam Bankman-Fried’s lawyer argued in their appeal on Friday that the jury convicted him without seeing the full picture because the judge blocked crucial evidence. The lawyer claimed that the jury missed important information, which could have helped support Bankman-Fried’s belief that FTX had sufficient funds to cover customer withdrawals. In a 102-page brief to…
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