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Legal

INVH

Invitation Homes Inc, the largest U.S. landlord of single-family homes, faces FTC fines for alleged unfair and deceptive practices against renters. The company has agreed to a $48 million settlement to refund affected consumers and must change its business practices.

Portfolio Pulse from Vandana Singh

September 25, 2024 | 10:53 am

BTCUSD

Rapper Sean Combs, known as Diddy, and former cryptocurrency tycoon Sam Bankman-Fried are reportedly sharing a dormitory in a Brooklyn jail. Combs is facing federal charges, while Bankman-Fried is serving a 25-year sentence for fraud related to the collapse of his FTX cryptocurrency exchange.

Portfolio Pulse from Aniket Verma

September 25, 2024 | 6:26 am

DASH

UBER

A U.S. judge has ruled that a New York City law requiring food delivery companies to share customer data with restaurants is unconstitutional, citing a violation of the First Amendment.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:27 pm

POWW

AMMO, Inc. has appointed Paul Kasowski as the new Chief Financial Officer, succeeding Rob Wiley. The Board has also retained independent advisors to investigate financial reporting for fiscal years 2020-2023.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:11 pm

TUSDUSD

The SEC has charged TrustToken Inc. and TrueCoin LLC with fraud and unregistered securities offering related to the TrueUSD stablecoin. The companies allegedly misled investors about the backing of TUSD, investing reserves in a risky offshore fund. Both companies have agreed to settle the charges.

Portfolio Pulse from Murtuza Merchant

September 24, 2024 | 6:59 pm

GNS

Genius Group is facing allegations from LZG International shareholders, leading to the termination of Peter Ritz. The company is investigating ownership and control issues involving Michael Moe and Peter Ritz.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:37 pm

AMGN

REGN

VTRS

Regeneron Pharmaceuticals' stock is trading lower after a judge denied its request to block Amgen's Eylea biosimilar. Regeneron plans to appeal the decision, which could impact its business due to alleged patent infringements by Amgen.

Portfolio Pulse from Vandana Singh

September 24, 2024 | 6:21 pm

V

The US government has filed an antitrust lawsuit against Visa, as revealed by court records. This legal action could have significant implications for Visa's business operations and market position.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:39 pm

NVDA

V

Visa Inc. shares are declining due to reports of an impending DOJ antitrust lawsuit accusing the company of monopolizing the U.S. debit card market. The DOJ's investigation focuses on Visa's exclusivity agreements and tokenization technology pricing.

Portfolio Pulse from Vaishali Prayag

September 24, 2024 | 4:35 pm