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Legal

BCS

The Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Barclays for swap reporting violations. Barclays has been ordered to pay a $4 million penalty.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:27 pm

META

Meta Platforms Inc. and Mark Zuckerberg are facing an investor lawsuit over alleged misstatements about content management, particularly regarding Instagram's impact on young users. A federal court has partially denied a motion to dismiss the case.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:35 pm

AGCO

TAFE has filed a contempt of court petition against AGCO Corporation for attempting to terminate TAFE's right to use the Massey Ferguson brand in India, which TAFE claims violates a court order. The case is ongoing in the Madras High Court.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:16 pm

FPAY

KPLT

UPBD

FlexShopper has filed patent infringement lawsuits against Upbound Group and Katapult Holdings, accusing them of unauthorized use of its patented technologies.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:06 pm

GFR

Greenfire Resources Ltd. faces a critical hearing with the Alberta Securities Commission regarding its shareholder rights plan amid a takeover bid by Waterous Energy Fund. Former directors Julian McIntyre and Venkat Siva have resigned.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:03 am

AMZN

GOOGL

WMT

Amazon secured a partial victory in an FTC lawsuit accusing it of maintaining illegal monopolies. The case will be split into two trials, allowing the FTC to pursue some claims. This development is part of broader antitrust scrutiny against Amazon globally.

Portfolio Pulse from Benzinga Neuro

October 01, 2024 | 1:46 am

TSLA

A U.S. District Court judge dismissed a lawsuit against Tesla, Inc. and Elon Musk regarding claims of misleading investors about Tesla's Full-Self Driving technology. The judge found no false statements but allowed shareholders to file an updated complaint by Oct. 30. Tesla still faces other lawsuits and federal investigations related to its AutoPilot and FSD systems.

Portfolio Pulse from Erica Kollmann

September 30, 2024 | 8:57 pm

TD

The U.S. SEC has charged TD Securities in connection with a spoofing scheme. This legal action could impact the company's reputation and financial standing.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 8:03 pm

CORT

TEVA

Truist Securities has raised the price target for Corcept Therapeutics (NASDAQ:CORT) due to impressive sales of its drug Korlym, despite increased competition. The company is also advancing its relacorilant trials, which could significantly boost future revenues. Meanwhile, Teva Pharmaceuticals (NYSE:TEVA) has filed a lawsuit against Corcept, alleging anti-competitive practices.

Portfolio Pulse from Vandana Singh

September 30, 2024 | 7:02 pm

GOLD

Barrick Gold Corporation and the government of Mali have agreed to resolve existing claims and disputes related to Barrick's Loulo and Gounkoto gold mining operations. The agreement, based on Barrick's proposals, will be publicized once finalized. Barrick's CEO emphasized the importance of their partnership with Mali.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:36 pm