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GOOG

GOOGL

The $5 billion 'Incognito Mode' lawsuit against Alphabet Inc.'s Google has progressed as a California judge rejected Google's request for summary judgment. The plaintiffs claim that Google violated privacy by tracking their internet browsing despite using the Incognito mode. The judge's decision was influenced by Google's privacy notices and policies, which potentially promised not to collect user data during private browsing. The lawsuit, initiated in 2020, has gained traction with this denial of summary judgment, moving the case closer to a potential trial or settlement.

Portfolio Pulse from Ananya Gairola

August 08, 2023 | 5:42 am

FB

Norway's Data Protection Authority has announced it will fine Facebook owner Meta Platforms NOK 1M per day starting from August 14, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 7:08 pm

AMZN

Amazon.com is scheduled to meet with the Federal Trade Commission (FTC) next week. This meeting comes amid expectations of a potential antitrust lawsuit against the online retailer, as reported by Reuters.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 5:10 pm

BTCUSD

Esther Freeman, a pensioner who earned approximately $270,000 from Bitcoin investments, had her lawsuit against Bank Hapoalim dismissed after reaching an agreement. Freeman had sued the bank for refusing her deposit of the cryptocurrency profits. The bank had declined her deposit request, citing the inability to verify the money's origin and the inherent risks of digital currencies. The outcome of Freeman's attempt to deposit her earnings remains unclear.

Portfolio Pulse from Murtuza Merchant

August 07, 2023 | 4:28 pm

GOOG

MSFT

Alphabet Inc. faces regulatory risks due to the UK's new data protection bill, which critics say favors big businesses and undermines individual data control. A federal judge has narrowed the antitrust lawsuit against Google, but the case will proceed focusing on Google's default search engine agreements. Google's generative AI tools are being exploited to flood fake news sites, posing a threat to the company's ad business.

Portfolio Pulse from Mohit Manghnani

August 07, 2023 | 4:19 pm

CDNA

NTRA

CareDx, Inc. (NASDAQ:CDNA) announced that the US District Court for the District of Delaware issued an injunction prohibiting Natera (NASDAQ:NTRA) from falsely advertising and overstating the scientific performance of its Prospera transplant test. This follows a decision by the District Court to uphold a March 2022 jury verdict that found Natera violated the Lanham Act by falsely advertising the test. CareDx intends to appeal the District Court's decision regarding the monetary damages awarded by the jury.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 3:10 pm

LLY

NKTR

Nektar Therapeutics has filed a lawsuit against Eli Lilly for breach of contract and negligent misrepresentation. Nektar accuses Lilly of attempting to undermine Rezpeg, a drug developed by Nektar to treat various autoimmune diseases.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 2:28 pm

MXL

SIMO

Silicon Motion Technology Corporation (NASDAQ:SIMO) has rejected MaxLinear, Inc.'s (NASDAQ:MXL) termination of their Merger Agreement. Silicon Motion plans to pursue remedies and reserves all rights under the Agreement, including holding MaxLinear liable for substantial damages.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:48 pm

LPX

LP Building Solutions and Huber Engineered Woods LLC have reached a settlement in a patent infringement litigation. As per the agreement, LP will continue to manufacture and sell LP WeatherLogic® Air & Water Barrier.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:17 pm