legal proceedings
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A U.S. appeals court upheld the decision to end J&J’s second attempt to resolve tens of thousands of cancer lawsuits through a shell company’s bankruptcy. J&J, meanwhile, is pressing forward with its third bankruptcy strategy. On Thursday, the 3rd U.S. Circuit Court of Appeals ruled that the company’s second effort, like its first, failed because…
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Billionaire Democratic donors Barry Diller and Reid Hoffman openly expressed their desire for Kamala Harris to replace Federal Trade Commission Chair Lina Khan if she becomes U.S. president. In interviews this week, they rejected a significant aspect of President Joe Biden’s antitrust policy. Lina Khan has spearheaded the Biden administration’s efforts to leverage U.S. antitrust…
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A U.S. judge has blocked a Department of Labor rule that would have expanded the types of retirement advisers considered fiduciaries, finding the rule arbitrary and conflicting with a law governing retirement plans. The “Retirement Security Rule,” unveiled in April, faced challenges from insurance groups arguing it conflicted with the Employee Retirement Income Security Act…
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A jury on Friday found that Abbott Laboratories’ specialized formula for premature infants caused an Illinois girl to develop a dangerous bowel disease, ordering the healthcare company to pay $495 million in damages. The verdict in St. Louis, Missouri state court marks the first trial against the company among hundreds of similar claims over the…
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Ismael “El Mayo” Zambada, the alleged co-founder of the Sinaloa Cartel, pleaded not guilty to U.S. drug charges on Friday after authorities arrested him and a son of a Mexican drug lord in Texas. This significant achievement for U.S. law enforcement could lead to a major shift in Mexico’s criminal landscape. Court records show that…
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District Judge Reed O’Connor should reject the “sweetheart” plea deal the Justice Department struck with Boeing, relatives of 15 of the 346 people killed in two fatal 737 MAX crashes said on Thursday. On Wednesday, Boeing finalized an agreement to plead guilty to a criminal fraud conspiracy charge and pay at least $243.6 million after…
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The Senate, on a broad bipartisan basis, advanced two online safety bills on Thursday, compelling social media companies to take responsibility for their platforms’ impact on children and teens. Parents and advocates have demanded these measures for years. The bills cleared a critical procedural hurdle with an 86-1 vote, setting the stage for a final…
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Manhattan prosecutors who secured Donald Trump’s historic criminal conviction asserted that the verdict should stand, despite the U.S. Supreme Court’s ruling that presidents cannot face criminal charges over official acts. In a court filing dated July 24 and made public on Thursday, prosecutors urged a judge to reject Trump’s bid to overturn the verdict due…
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Global law firm Dentons announced on Wednesday that a former executive of auditing and consulting giant EY, Kate Barton, will join as its next CEO. Barton, who worked at EY for over 25 years and most recently served as its global vice chair, will start at Dentons in early September and assume the role of…
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Federal authorities have charged the man accused of attempting to kill author Salman Rushdie in New York two years ago with federal terrorism charges for his alleged support for Hezbollah, according to an indictment unsealed on Wednesday. The grand-jury indictment charges Hadi Matar, the New Jersey man already facing state charges of attempted murder and…
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