A jury in Manhattan federal court convicted Archegos Capital Management founder Sung Kook “Bill” Hwang of fraud and other charges on Wednesday. Prosecutors accused him of market manipulation ahead of the 2021 collapse of his $36 billion private investment firm. The jury, which began deliberations on Tuesday, found Hwang guilty on 10 of 11 criminal…
Supporters of a ballot measure that aims to amend Arizona’s constitution to establish a right to abortion sued Republican lawmakers on Wednesday over the language used in a voter pamphlet. Arizona for Abortion Access, the group behind the ballot measure, argued that the phrase “unborn human” in the pamphlet is not neutral. They filed the…
In a notable legal battle, U.S. Circuit Judge Pauline Newman, the oldest judge on the federal bench, lost her lawsuit challenging a suspension over concerns of mental deterioration. U.S. District Judge Christopher R. Cooper dismissed her claims on Tuesday, ruling that the law underlying her suspension was constitutional. Judge Newman, who recently celebrated her 97th…
Purdue Pharma received U.S. court approval on Tuesday for a 60-day freeze on lawsuits against its owners, members of the wealthy Sackler family. This marks the company’s first court appearance since a landmark Supreme Court ruling disrupted its bankruptcy settlement. U.S. Bankruptcy Judge Sean Lane granted the injunction during a hearing in White Plains, New…
A 97-year-old judge lost her lawsuit on Tuesday after challenging her suspension from a U.S. appellate court due to alleged cognitive and physical impairments. Judge Pauline Newman, who faced suspension from the U.S. Court of Appeals for the Federal Circuit, argued that the Judicial Conduct and Disability Act of 1980, which outlines the process for…
New York University has settled a lawsuit filed by Jewish students who accused the school of failing to stop antisemitism on campus, a spokeswoman for the Manhattan federal court said on Monday. Both sides canceled a scheduled Tuesday hearing on NYU’s motion to dismiss the case as part of the settlement. The terms of the…
Boeing is negotiating with the U.S. Defense Department regarding how the planemaker’s planned guilty plea could affect its extensive government contracts, according to a person familiar with the matter. On Sunday, the Justice Department announced in a court filing that Boeing had agreed to plead guilty to a criminal fraud conspiracy charge to resolve an…
A federal judge in Texas engaged in improper conduct but will face no discipline for making disparaging remarks about women attorneys and permanently barring a female prosecutor from his courtroom. Chief U.S. Circuit Judge Priscilla Richman of the 5th U.S. Circuit Court of Appeals concluded that no further action was necessary to address a judicial…
The National Football League asked a judge to dismiss a $4.7 billion class action jury verdict, calling the amount “nonsensical” and denying that evidence showed subscribers of its “Sunday Ticket” telecasts had been overcharged. In its Wednesday filing, the NFL described the verdict as “among the largest in American history and also among the least…
Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who accused him of waiting too long in early 2022 to reveal his large ownership stake in the social media company, saying his delay was a mistake. In a late Wednesday night filing in Manhattan federal court, Musk argued that it is implausible to…