Pearson to pay $1M to settle charges it misled investors, SEC says
London-based Pearson PLC will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, the U.S. Securities and Exchange Commission (SEC) said on Monday.
Judge in Theranos trial outlines COVID-19 protocols as US cases rise
Attorneys for Theranos Inc. founder Elizabeth Holmes told a federal judge on Monday that she plans to attend her criminal fraud trial with three family members or friends by her side and strongly prefers not to wear a face mask.
Blue Origin takes SpaceX lunar lander contract fight with NASA to federal court
A Blue Origin spokesperson told FOX Business that the suit, which has been approved by a judge to remain under seal, is "an attempt to remedy the flaws in the acquisition process found in NASA’s Human Landing System."
Bayer takes legal battle over Roundup cancer claims to US Supreme Court
Bayer, trying to contain billions of dollars in legal costs, filed a petition with the U.S. Supreme Court to reverse an appeals court verdict that upheld damages to a customer blaming his cancer on the German group's glyphosate-based weedkillers.
Peloton is sued for improperly charging sales tax
Peloton subscribers have filed a proposed class action lawsuit accusing the maker of at-home stationary bicycles of improperly charging sales tax on memberships in some states.
Tesla’s Elon Musk feted by German chancellor hopeful
Tesla, Inc. co-founder Elon Musk met with German candidate for chancellor Armin Laschet on Friday at the electric automaker's "Gigafactory" construction site near Berlin.
Samsung leader Jay Y. Lee released from jail on parole
Samsung Electronics Vice Chairman Jay Y.
Boy Scouts bankruptcy case: Judge set to begin key hearing
Attorneys for the Boy Scouts of America are asking a Delaware judge to approve an $850 million agreement that is the foundation of the group's plan to emerge from bankruptcy.
McDonald's ice cream machine company is served restraining order: report
The ice cream machine, made by Taylor Company, is known for making the fast-food giant's popular McFlurry dessert.
$86M to California couple upheld in Monsanto pesticide case
A state appeals court upheld $86.2 million in damages to a Northern California couple who developed cancer after spraying Monsanto’s Roundup, the world’s most widely used herbicide, in their yards for 30 years.
Norwegian Cruise tells judge Florida 'vaccine passport' ban is political
Norwegian Cruise Line argued to a federal judge on Friday that Florida had banned "vaccine passports" to score political points and said the company should be allowed to require proof of COVID-19 shots from passengers when it sails from the state this month.
Woman sues McDonald’s after burger ad compelled her to break Lent fast: report
Ksenia Ovchinnikova claims she was lured into indulging in a juicy McDonald’s burger — and now she’s not lovin’ it.
Theranos founder Elizabeth Holmes gives birth ahead of criminal fraud trial: report
Theranos founder Elizabeth Holmes has reportedly given birth to her first child.
LinkedIn must face narrowed US lawsuit claiming it overcharged advertisers
Led by TopDevz Inc and Noirefy Inc, the advertisers said LinkedIn had been counting video ad "views" from users' LinkedIn apps, even when the videos were playing only off-screen because users had scrolled past them.
Two ex-Bank of America traders accused of spoofing found guilty
Two former Bank of America Corp. traders were convicted Wednesday of rigging precious-metals prices by using an aggressive tactic known as spoofing, the latest win for prosecutors in a yearslong effort to crack down on the practice.
US judge revives class-action claim in Wynn Resorts lawsuit
U.S. District Judge Andrew Gordon ruled the case can go forward alleging that Steve Wynn, board members and top executives at his Las Vegas-based company violated Securities and Exchange Commission laws and rules through “material misrepresentations and omissions.”
Mexico sues US gun manufacturers over arms trafficking toll
The Mexican government argues that the companies know that their practices contribute to the trafficking of guns to Mexico and facilitate it. Mexico wants compensation for the havoc the guns have wrought in its country.
Massachusetts couple harassed by eBay tell their story
A Massachusetts couple who sued eBay, Inc. and several of the company's former officials in late July spoke out Tuesday morning, detailing the alleged targeted harassment campaign against them that they said was carried out by the e-commerce giant.
Blizzard president J. Allen Brack steps down in executive shakeup amid discrimination lawsuit
Effective immediately, Brack will be replaced by Jen Oneal and Mike Ybarra, who have been appointed as co-leaders of Blizzard. Oneal and Ybarra will "share responsibility for development and operational accountability for the company," according to a letter to employees Monday from Activision Blizzard president and chief operating officer Daniel Alegre.
Ernst & Young to pay $10 million to settle SEC probe of bid violations
Ernst & Young LLP will pay $10 million to settle a regulatory investigation into allegations that it improperly obtained confidential information in pursuit of a contract to audit a public company’s books.

















