Streetbeat News

Legal

LASE

Laser Photonics is considering legal action against a short report alleging misconduct by an affiliated individual. The company claims the report aims to manipulate stock prices and commits to transparency.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 1:45 pm

RCI

WBD

Rogers Communications will host Warner Bros. Discovery's English-language U.S. lifestyle and factual brands in Canada starting January 1, 2025, following Bell's decision to drop legal efforts to block these channels.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 1:40 pm

DJT

TSLA

Trump Media & Technology Group Corp (NASDAQ:DJT) stock surged following Elon Musk's endorsement of Donald Trump at a Pennsylvania rally. Musk's support and the Supreme Court's decision not to hear a case related to Trump's social media data contributed to the stock's rise. DJT stock is up 4.40% premarket.

Portfolio Pulse from Anusuya Lahiri

October 08, 2024 | 12:36 pm

SAVA

Cassava Sciences has settled with the SEC over charges of making inaccurate disclosures related to its 2020 Phase 2b clinical study, agreeing to pay a $40 million penalty. The company does not expect further charges from the DOJ.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 12:17 pm

MBUU

Malibu Boats has entered a settlement agreement with the Chapter 11 Trustee for Tommy's Fort Worth, LLC, agreeing to pay $3.5 million and mutually release claims. The agreement requires court approval and aims to prevent further claims by the Debtors' principal owner.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 10:43 am

KOS

Kosmos Energy received a final award in arbitration with BP Gas Marketing, prohibiting LNG sales to third parties during the contract term. The award does not impact the company's long-term financial outlook.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 10:38 am

CDNA

CareDx announced that the DOJ has concluded its investigation with no findings of wrongdoing and will not take further action. This follows the SEC's decision to close its investigation without action. CareDx plans to defend itself if a former employee proceeds with litigation.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 10:07 am

BNTX

CVAC

PFE

Pfizer and BioNTech have won a legal battle in a UK court to invalidate CureVac's patents related to mRNA technology used in COVID-19 vaccines. This decision could impact the competitive landscape in the mRNA vaccine market.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 9:46 am

ABG

Asbury Automotive has filed a lawsuit against the FTC, claiming that the FTC's administrative process is unconstitutional and deprives the company of its right to a jury trial.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:55 am