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Legal

WBD

Warner Bros. Discovery Inc. won an appeal in a securities lawsuit, with the Second Circuit ruling that the company did not mislead investors in disclosures before its merger. The court found that the alleged omissions in offering documents were not actionable.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:28 pm

ABT

RBGLY

Abbott Laboratories and Reckitt Benckiser were cleared by a jury in their first trial over allegations that their premature-infant formulas caused bowel disease. This legal victory may positively impact their stock prices.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 2:30 pm

JPM

JPMorgan Chase & Co. is set to pay over $151 million in penalties and voluntary payments after the SEC charged its affiliates with various law violations, including misleading disclosures and breach of fiduciary duty.

Portfolio Pulse from Erica Kollmann

November 01, 2024 | 1:20 pm

PARA

SONY

Sony has filed a lawsuit against CBS, owned by Paramount Global, alleging breach of contract related to the distribution of 'Wheel of Fortune' and 'Jeopardy!'. Sony claims CBS has mishandled distribution deals, assigned improper value to the shows, and breached contract terms by entering long-term agreements. Sony seeks damages and aims to end its agreement with CBS.

Portfolio Pulse from Adam Eckert

October 31, 2024 | 10:36 pm

MULN

Mullen Automotive has issued a notice regarding a proposed settlement of derivative actions and a settlement hearing. The company's board has approved the settlement, which includes corporate governance enhancements. Plaintiffs' counsel will seek court approval for attorneys' fees up to $500,000.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 9:17 pm

JPM

JP Morgan affiliates have agreed to pay over $151 million to resolve SEC enforcement actions. The penalties and payments are part of four actions, with JPMS not facing a penalty due to cooperation and remedial measures.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 9:12 pm

PARA

Donald Trump has filed a $10 billion lawsuit against CBS, alleging deceptive editing of a '60 Minutes' interview with Kamala Harris. The lawsuit claims the interview was doctored to misrepresent Harris's statements.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:59 pm

REAX

The Real Brokerage Inc. has received final approval for a settlement agreement in the class action litigation case, Umpa v. NAR. The company paid $9.25 million as part of the settlement.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:47 pm

MEC

PTON

Mayville Engineering Company (MEC) has reached a settlement agreement with Peloton Interactive (PTON) to receive $25.5 million. This settlement could positively impact MEC's financial position.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:25 pm

SMCI

Super Micro Computer, Inc (NASDAQ:SMCI) faces governance and accounting issues as Ernst & Young resigns as its auditor, leading to a suspension of ratings by analysts. The company is seeking a new auditor and has formed a Special Committee to review internal controls. The stock has fallen 10.5% amid these developments.

Portfolio Pulse from Anusuya Lahiri

October 31, 2024 | 6:04 pm