Streetbeat News

Legal

HE

Hawaiian Electric Industries (NYSE:HE) has raised $500 million through a secondary stock offering of 54 million shares at $9.25 each. The proceeds will be used for the Maui wildfire litigation settlement and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:51 am

BTCUSD

Caroline Ellison, former executive of the collapsed cryptocurrency exchange FTX, is set to be sentenced for her role in the fraud case. Prosecutors and her legal team have requested leniency due to her cooperation and personal circumstances. Her testimony was crucial in convicting Sam Bankman-Fried, who received a 25-year sentence. The collapse of FTX significantly impacted the cryptocurrency market, including Bitcoin.

Portfolio Pulse from Aniket Verma

September 24, 2024 | 5:28 am

XOM

California has filed a lawsuit against ExxonMobil, accusing the company of misleading the public about the recyclability of plastics. The lawsuit claims ExxonMobil engaged in a long-term campaign of deception, violating state laws on water pollution, unfair competition, and false advertising. This legal action is part of a broader effort to address plastic pollution.

Portfolio Pulse from Benzinga Neuro

September 24, 2024 | 3:44 am

META

Telegram's CEO Pavel Durov has agreed to share user data with authorities under legal requests, marking a shift in the company's privacy stance. This decision comes amid legal challenges and could impact Telegram's business model, potentially benefiting competitors like Signal and WhatsApp. Meta Platforms Inc. (NASDAQ:META) saw its stock reach a new all-time high following the news.

Portfolio Pulse from Stjepan Kalinic

September 23, 2024 | 9:31 pm

HE

Hawaiian Electric Industries plans to offer $500 million in common stock to fund its contribution to the Maui wildfire tort litigation settlement and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 9:08 pm

PGNY

SPY

Senate Democrats are pushing for a vote on emergency abortion care, using it as a key issue in their pre-election strategy. This move is part of a broader effort to highlight reproductive rights as a central campaign issue against Republicans.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:41 pm

NTRA

A court has issued a permanent injunction against NeoGenomics' RaDaR assay, favoring Natera in a legal dispute. Natera is now seeking full remedies as the case progresses.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:09 pm

STLA

Stellantis NV reaffirms its stance that it has fulfilled its obligations under the 2023 Collective Bargaining Agreement with the United Auto Workers (UAW).

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 5:51 pm

MKFG

Markforged Holding shares rose following a Settlement and Patent License Agreement related to a patent infringement case with Continuous Composites.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 5:30 pm

WGO

Winnebago Industries Inc (NYSE:WGO) is under pressure after a short seller report by Hunterbrook highlighted potential widespread frame failures in its Grand Design RVs, which contribute significantly to the company's revenue. The report suggests Winnebago may be aware of these issues and is facing mounting pressure for a recall, with rising inventory levels and lawsuits adding to the concerns.

Portfolio Pulse from Adam Eckert

September 23, 2024 | 3:34 pm