Streetbeat News

Legal

GM

The National Highway Traffic Safety Administration (NHTSA) has fined General Motors' self-driving unit, Cruise, $1.5 million for not fully reporting a crash involving a pedestrian. This incident highlights regulatory challenges and potential reputational risks for GM's autonomous vehicle initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:05 pm

VICR

Vicor Corp announced that the U.S. ITC issued an Initial Determination of a Section 337 violation regarding the importation of certain power converter modules and computing systems that infringe on Vicor's patents. The ITC may issue exclusion and cease and desist orders.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:33 pm

GOOGL

SSNLF

Epic Games has filed a lawsuit against Google and Samsung, alleging an anti-competitive app-store scheme. This legal action could impact the operations and stock prices of both companies.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:29 pm

AAPL

AIXI

Xiao-I Corporation (NASDAQ:AIXI) has provided an update on its ongoing patent infringement lawsuit against Apple. The case, involving AI technology, has reached a new phase with a recent hearing at the Shanghai High People's Court. The trial phase concluded in July 2024, and a final ruling is awaited.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:47 pm

SHIP

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) is urging shareholders to vote in favor of its director nominees and against proposals by George Economou, who seeks control over the company's board. Seanergy emphasizes its commitment to delivering shareholder value and warns that Economou's track record could harm the company.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:05 pm

RPM

RPM International's subsidiary has been ordered to pay $190 million in damages following a lawsuit. The company plans to challenge the verdict and has set aside a liability at the low end of the estimated range.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:02 am

AADI

An arbitration panel has concluded that Aadi Bioscience did not breach its license agreement with EOC Pharma and is not liable for any damages.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 10:17 am

GOOG

GOOGL

YouTube, owned by Alphabet Inc., has blocked access to songs by artists like Adele and Bob Dylan in the U.S. due to a legal dispute with SESAC over music licensing. The platform is in negotiations to renew the agreement.

Portfolio Pulse from Ananya Gairola

September 30, 2024 | 7:30 am

BNBUSD

Changpeng Zhao, founder of Binance, has been released from prison after serving a four-month sentence for anti-money laundering violations. He plans to continue investing in blockchain and focus on education and charity. Binance's native currency, BNB, has seen a recent price drop.

Portfolio Pulse from Aniket Verma

September 30, 2024 | 2:32 am

CMCSA

WBD

Sky, a European pay-TV company owned by Comcast, has filed a lawsuit against Warner Bros Discovery. The lawsuit accuses Warner of violating a co-production agreement that granted Sky exclusive long-term rights to certain shows, including a new 'Harry Potter' TV series.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 7:35 pm