Legal

Russian court slaps Google, Meta with massive fines

A Moscow court on Friday slapped Google with a nearly $100 million fine and also fined Facebook’s parent company Meta $27 million over their failure to delete content banned by local law, as Russia seeks to step up pressure on technology giants.

Boy Scouts secure $800 million from Chubb insurer for sex abuse settlements

One of the Boy Scouts of America's primary insurers, Chubb Ltd unit Century Indemnity Company, said on Monday it will contribute $800 million to a deal proposed by the youth organization to settle around 82,500 claims from people who say they were sexually abused as children by troop leaders.

Will new bacon law begin? California grocers seek delay

A coalition of California restaurants and grocery stores has filed a lawsuit to block implementation of a new farm animal welfare law, adding to uncertainty about whether bacon and other fresh pork products will be much more expensive or in short supply in the state when the new rules take effect on New Year's Day.

'Pharma Bro' firm reaches $40M settlement in gouging case

A company once owned by "Pharma Bro" Martin Shkreli will pay up to $40 million to settle allegations that it jacked up the price of a life-saving medication by roughly 4 ,000% after obtaining exclusive rights to the drug, the Federal Trade Commission announced Tuesday.

FTC challenges Nvidia’s deal for Arm Holdings

The Federal Trade Commission on Thursday sued to block U.S. chip supplier Nvidia Corp.’s proposed landmark takeover of semiconductor-design specialist Arm Holdings, arguing the chip-industry deal is anticompetitive.