Disney Shareholder Demands To See Books Amid Board Row
Law360: Corporate
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7h ago
An affiliate of Walt Disney Co. shareholder Blackwells Capital on Thursday asked Delaware's Court of the Chancery to force Disney to open its books and records as the investor looks into potential wrongdoing and mismanagement stemming from the entertainment giant's dealings with ValueAct Capital ..read more
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Apple Says Ex-Engineer Leaked To 'Homeboy,' Other Journos
Law360: Corporate
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7h ago
Apple Inc. is accusing a former engineer of leaking sensitive information about its business practices, internal policies and products to employees at other technology companies as well as at least three journalists for national publications — including one saved in his phone as "Homeboy" — in a suit in California state court ..read more
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Accused 'Shadow Trader' Can't Recall Why He Bought Stock
Law360: Corporate
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7h ago
A California federal jury considering regulators' claims that an ex-Medivation executive engaged in "shadow trading" of a rival's stock heard video-recorded testimony Thursday from the executive, who said he couldn't recall why he purchased the securities just minutes after learning Pfizer was close to acquiring his own company ..read more
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DOJ, FTC Weigh In On Another Pricing Algorithm Case
Law360: Corporate
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9h ago
The U.S. Department of Justice and the Federal Trade Commission intervened in another alleged algorithmic collusion case Thursday with a statement of interest arguing that Atlantic City casino-hotels can't duck room rate price-fixing allegations simply by arguing there's no evidence they communicated directly or that pricing recommendations were binding ..read more
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Feds Say Ex-OneCoin Atty Should Serve 'Substantial' Time
Law360: Corporate
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9h ago
Manhattan federal prosecutors have requested a "substantial" amount of prison time for a Bulgarian woman who worked on the legal team at the fraudulent OneCoin cryptocurrency exchange, but said the sentence should fall below the guidelines range of 10 years ..read more
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SEC Settles Suit For Docs Over Potential Crypto Conflicts
Law360: Corporate
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9h ago
The U.S. Securities and Exchange Commission and government watchdog Empower Oversight have agreed to end a suit that sought to force the regulator to hand over documents the watchdog claimed may provide insight into potential conflicts of interest affecting the SEC's digital asset dealings ..read more
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NLRB Gets 1st Backing Of Starbucks Order In Circuit Court
Law360: Corporate
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9h ago
A split D.C. Circuit panel on Thursday enforced a National Labor Relations Board order finding Starbucks violated federal labor law by barring a worker from passing out union pins, marking the first time a federal appeals court has weighed in on a board decision against the coffee giant ..read more
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Judge Rejects Amazon's Bid To 'Backpedal' In BIPA Suit
Law360: Corporate
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9h ago
A Delaware federal judge will allow more plaintiffs to join a proposed class action accusing Amazon of violating Illinois' Biometric Information Privacy Act by collecting their voice data during calls to a financial services provider without consent, overriding the tech giant's apparent attempt to backtrack on standing concerns by instead seeking summary judgment ..read more
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Calif. Looks To Sink Chamber's Climate Disclosure Challenge
Law360: Corporate
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9h ago
The state of California says a challenge by the U.S. Chamber of Commerce and other business groups to its recently enacted corporate climate disclosure laws should be tossed, arguing the groups cannot sue since enforcement of the law has not begun and the groups cannot plead an injury ..read more
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Google Wants Apple Search Pact Antitrust Suit Axed For Good
Law360: Corporate
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9h ago
Google urged a California federal judge to permanently dismiss an amended antitrust suit over an agreement with Apple that would make Google the default iPhone search engine, calling it an untimely effort to "piggyback" on the U.S.'s monopolization case against Google without asserting any specified, antitrust injury ..read more
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