Avenatti to defend himself in California criminal fraud trial
A U.S. District Court granted disgraced attorney Michael Avenatti’s request to defend himself against criminal fraud charges in an upcoming trial in California.
US states to unveil $26 billion opioid settlement with drug distributors, J&J - sources
U.S. state attorneys general and lawyers for local governments are expected this week to unveil a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a nationwide opioid epidemic, people familiar with the matter said.
Blue Origin spaceflight, Bitcoin, Elon Musk's Tesla-SolarCity trial top week ahead
Investors will take in a wave of earnings this week from big names including IBM, Netflix, Chipotle Mexican Grill, Coca-Cola, Twitter, American Express, American Airlines, Southwest Airlines, AT&T, Intel, Snap, Verizon and Domino's Pizza.
Elon Musk's Tesla-SolarCity hearing halted after someone pukes in court
Elon Musk didn't mince words during his testimony defending Tesla's purchase of Solar City.
Tesla stock rises as Elon Musk defends $2.6B Solar City deal in court
The shareholder lawsuit alleges Musk pressured Tesla's board to approve the $2.6 billion acquisition of Solar City in 2016, which plaintiffs argue was rife with conflicts of interest and failed to produce the profits he had promised.
Nike has no sympathy for Avenatti after extortion sentence
Nike offered no sympathy to disgraced attorney Michael Avenatti after he was sentenced to prison Thursday for attempting to extort the sports apparel giant for as much as $25 million.
Michael Avenatti sentenced to 2.5 years in prison in Nike extortion case
A Manhattan federal judge on Thursday sentenced disgraced California lawyer Michael Avenatti to two-and-a-half years in prison over his attempt to extort an estimated $25 million from Nike.
New US rules to protect animal farmers expected this week
The Biden administration plans to issue a new rule to protect the rights of farmers who raise cows, chickens and hogs against the country’s largest meat processors as part of a plan to encourage more competition in the agriculture sector.
Justice Department hiring antitrust lawyers for ‘US vs Google’
The Antitrust Division of the United States Department of Justice is seeking “highly qualified attorneys” that it wants to serve as trail attorneys as it takes on Google.
San Jose to tax gun owners, will confiscate firearms for noncompliance
The city council of San Jose, California, has unanimously voted in favor of issuing a tax on firearm owners and requiring them to carry additional insurance in a scheme they say will help compensate the city for the costs of gun violence.
Amazon wants FTC Chairwoman Lina Kahn removed from antitrust cases against company
Amazon.com is requesting that newly-minted Federal Trade Commission Chairwoman Lina Khan be recused from any antitrust investigations of their company, citing her lengthy track record as a prominent critic of the online giant.
Supreme Court rules New Jersey can’t block natural-gas pipeline
The Supreme Court on Tuesday removed a hurdle to the construction of a natural-gas pipeline through Pennsylvania and New Jersey, ruling the pipeline developer could invoke the power of the federal government to take state property needed for the project.
Goldman, Blankfein, Cohn must face shareholder lawsuit over 1MDB scandal
Goldman Sachs Group Inc and two former top executives were ordered by a U.S. judge on Monday to face a lawsuit accusing them of misleading shareholders about the bank's work for 1MDB, a Malaysian fund that became embroiled in a corruption scandal.
Facebook antitrust complaint dismissed by federal judge
U.S. District Judge James Boasberg wrote in an opinion Monday that the FTC complaint against Facebook was “legally insufficient,”
Juul pays $40M in North Carolina vaping lawsuit
North Carolina is the first state to successfully sue Juul over unfair vaping practices, paving the way for potential other suits.
Facebook could be held liable for sex trafficking on its platform, court rules
The Texas Supreme Court ruled Friday that Facebook can be held liable if sexual traffickers use the platform to prey on children.
Feds accelerating crypto world crackdown
Job postings indicate the Federal Government is worried about the proliferation of crimes involving digital currencies such as Bitcoin and Ethereum, and plans a broad criminal crackdown on illicit activities in the crypto world. In recent weeks, crypto-related criminal activity has been making national headlines particularly with the cyberattack on the Colonial Pipeline in May that resulted in the days-long shutdown of the country’s largest fuel pipeline.
Illicit COVID-19 drugs bound for Mexico seized by US authorities
Criminal activity is on the uprise in U.S. airports, where federal authorities continue to seize illegal COVID-19 drugs trying to make their way to Mexico.
Background checks blocked a record high 300,000 gun sales
The number of people stopped from buying guns through the U.S. background check system hit an all-time high of more than 300,000 last year amid a surge of firearm sales, according to new records obtained by the group Everytown for Gun Safety.
Colonial Pipeline faces class-action lawsuit over fuel shortages
A class-action lawsuit is seeking damages for costs and lost profits incurred by more than 11,000 gas stations along the East Coast after the ransomware attack against the Colonial Pipeline led to panic-buying and fuel shortages. The suit is also seeking a court order requiring Colonial Pipeline Co. to implement security protocols consistent with legal and industry standards.
















