Thursday, November 21

Tag: Corporate Crime/Legal Action

Double Dipping in Opioid Lawsuits
2Jan By adminNo Comments
Health

Double Dipping in Opioid Lawsuits

The plaintiffs bar never met a business it wouldn’t sue, and now the lawyers are using government authority to pursue private interests. In their latest business model, trial lawyers are hired by state attorneys general to help prosecute public lawsuits then use it to the advantage of their private lawsuits. Kudos to one company for pushing back. In December pharmacy benefit manager OptumRx filed a motion in federal court in Ohio to disqualify Motley Rice, a South Carolina plaintiffs firm suing the company in multidistrict opioid litigation. Motley has been retained by state attorneys general and city prosecutors in Washington, D.C., Hawaii and Chicago to handle the government’s litigation, but it continues to represent private clients in related litigation.Copyright ©2024 Dow Jones &...
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The Entrepreneur Who Bet His Company on a Fight With Apple
31Dec By adminNo Comments
World

The Entrepreneur Who Bet His Company on a Fight With Apple

Masimo Chief Executive Joe Kiani bet the future of the company he spent three decades building in an expensive legal battle with the world’s most valuable company. So far, he is winning, but it isn’t over.His company, which pioneered a better method for measuring blood-oxygen levels, has spent around $100 million fighting Apple in a dispute that temporarily halted Apple Watch sales. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Entrepreneur Who Bet His Company on a Fight With Apple
30Dec By adminNo Comments
Technology

The Entrepreneur Who Bet His Company on a Fight With Apple

Masimo Chief Executive Joe Kiani bet the future of the company he spent three decades building in an expensive legal battle with the world’s most valuable company. So far, he is winning, but it isn’t over.His company, which pioneered a better method for measuring blood-oxygen levels, has spent around $100 million fighting Apple in a dispute that temporarily halted Apple Watch sales. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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JD.com Wins Antimonopoly Suit Against Alibaba
30Dec By adminNo Comments
World

JD.com Wins Antimonopoly Suit Against Alibaba

Chinese e-commerce giant JD.com said it won a lawsuit against rival Alibaba Group Holding, which was fined 1 billion yuan ($140.7 million) over monopolistic practices.Zhejiang Tmall Network, Zhejiang Tmall Technology and Alibaba Group were found to have abused market dominance and engaged in monopolistic practices, causing severe damages to JD.com, it said in a statement Friday, citing a Beijing court ruling.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Sam Bankman-Fried Won’t Face a Second Criminal Trial
30Dec By adminNo Comments
World

Sam Bankman-Fried Won’t Face a Second Criminal Trial

Federal prosecutors said Friday that they wouldn’t try Sam Bankman-Fried on additional criminal charges that weren’t part of the fall trial that resulted in the FTX founder’s conviction for fraud related to the collapse of his crypto exchange.The move, announced in a letter to the presiding judge, clears the way for the FTX founder to be sentenced on March 28. A second trial would have delayed that sentencing, and Bankman-Fried already faces the possibility of decades in prison.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Trane Technologies Subsidiaries to Remain in Texas Two-Step Bankruptcies
29Dec By adminNo Comments
World

Trane Technologies Subsidiaries to Remain in Texas Two-Step Bankruptcies

Dec. 29, 2023 2:04 pm ET|WSJ ProA bankruptcy judge is allowing U.S. affiliates of Irish air conditioning manufacturer Trane Technologies to remain in bankruptcy, denying a request from asbestos-injury claimants to dismiss the cases created through a controversial strategy known as the Texas Two-Step. Judge J. Craig Whitley of the U.S. Bankruptcy Court in Charlotte, N.C. issued his decision Thursday, rejecting the request to dismiss the chapter 11 cases. Trane placed subsidiaries Aldrich Pump and Murray Boiler under bankruptcy in June 2020 to handle about 90,000 asbestos-related lawsuits. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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JD.com Wins Antimonopoly Suit Against Alibaba
29Dec By adminNo Comments
World

JD.com Wins Antimonopoly Suit Against Alibaba

Chinese e-commerce giant JD.com said it won a lawsuit against rival Alibaba Group Holding, which was fined 1 billion yuan ($140.7 million) over monopolistic practices.Zhejiang Tmall Network, Zhejiang Tmall Technology and Alibaba Group were found to have abused market dominance and engaged in monopolistic practices, causing severe damages to JD.com, it said in a statement Friday, citing a Beijing court ruling.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Apple Can Restart Apple Watch Sales as U.S. Court Pauses Ban
28Dec By adminNo Comments
World

Apple Can Restart Apple Watch Sales as U.S. Court Pauses Ban

Updated Dec. 27, 2023 5:50 pm ETApple won approval Wednesday to restart most sales in its $18 billion smartwatch business after a U.S. appeals court paused a federal agency’s import ban on some models of the device.The Apple Watch Series 9 and Ultra 2 models, for which sales were halted in the past week, were once again available in stores on Wednesday and will return online Thursday, according to the company. They will continue to be sold in the coming weeks while the court weighs Apple’s request to stay the ban while its appeal is considered.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Apple Can Restart Apple Watch Sales as U.S. Court Pauses Ban
27Dec By adminNo Comments
World

Apple Can Restart Apple Watch Sales as U.S. Court Pauses Ban

Updated Dec. 27, 2023 5:50 pm ETApple won approval Wednesday to restart most sales in its $18 billion smartwatch business after a U.S. appeals court paused a federal agency’s import ban on some models of the device.The Apple Watch Series 9 and Ultra 2 models, for which sales were halted in the past week, were once again available in stores on Wednesday and will return online Thursday, according to the company. They will continue to be sold in the coming weeks while the court weighs Apple’s request to stay the ban while its appeal is considered.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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