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Legal

TPC

Tutor Perini shares rose as the company announced significant progress in resolving major disputes, which could positively impact its financial standing.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 7:32 pm

TFC

Truist Bank has agreed to pay $9.13 million to settle allegations related to SunTrust Bank's trust account administration issues from 2011 to 2015. This settlement resolves claims under the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) following SunTrust's acquisition by BB&T and subsequent rebranding as Truist.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 7:05 pm

MAPS

Weedmaps, listed as WM Technology Inc. (NASDAQ:MAPS), faces a class action lawsuit from investors following SEC fines for misleading performance metrics. The SEC charged Weedmaps with inflating user metrics, leading to fines for former executives. The lawsuit expands to include additional executives. NASDAQ warned Weedmaps about its stock price falling below $1.00, risking delisting.

Portfolio Pulse from Juan Spínelli

October 21, 2024 | 6:29 pm

LLY

Eli Lilly has filed lawsuits against several vendors for selling unauthorized versions of its weight-loss drug, Zepbound, containing tirzepatide. Despite resolving a previous shortage, Eli Lilly is taking legal action to stop counterfeit sales and is seeking damages.

Portfolio Pulse from Vandana Singh

October 21, 2024 | 6:17 pm

LRN

Stride's General Counsel reportedly left the company following a short report by Fuzzy Panda Research, raising concerns about the company's stability. No official confirmation has been made yet.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 6:15 pm

SLM

SOFI

President Biden has extended the pause on federal student loan payments for 8 million borrowers under the SAVE plan for six months. This decision comes amid ongoing legal challenges from Republicans against the administration's student loan relief efforts.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 4:41 pm

AMZN

A group of 133 U.S. House members have signed a letter supporting the Teamsters' demands for Amazon CEO Andy Jassy to address concerns over union-busting and worker misclassification practices. This highlights ongoing labor issues at Amazon.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 4:29 pm

NWSA

Dow Jones and NYP Holdings have filed a lawsuit against Perplexity AI, alleging copyright infringement. This legal action could have implications for companies involved in media and AI technologies.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 4:04 pm

ALK

A federal judge in Seattle has ordered Alaska Airlines to rehire a mechanic who was fired for testing positive for cannabis, highlighting the tension between state and federal laws. The court upheld an arbitration decision favoring the mechanic, emphasizing the evolving legal landscape of cannabis use.

Portfolio Pulse from Patricio Liddle

October 21, 2024 | 3:53 pm

DJT

The U.S. Supreme Court rejected Michael Cohen's lawsuit against Donald Trump, leading to a rise in Trump Media & Technology Group Corp (NASDAQ:DJT) shares. The court's decision reaffirms a previous ruling limiting monetary damages claims against federal officials.

Portfolio Pulse from Adam Eckert

October 21, 2024 | 3:35 pm