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Legal

DB

Elliott Investment Management is set to receive nearly €200 million from Deutsche Bank as part of a settlement resolving a long-standing legal dispute related to Deutsche Bank's takeover of Postbank. This settlement marks a significant resolution for the activist hedge fund, which was the largest plaintiff in the litigation.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 3:52 pm

CGC

Benzinga has retracted a story about the cannabis company Wana Brands that was erroneously published. The retraction indicates that the information previously shared was incorrect.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 3:02 pm

ADSK

Starboard Value LP, a major shareholder of Autodesk, has reiterated its call for change at the company following reports that senior executives allegedly misled shareholders and ignored employee warnings about sales tactics.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:06 pm

BA

A federal judge overseeing a case against Boeing accidentally traded the company's stock, raising ethical concerns. The judge dismissed a $72M verdict against Boeing, citing insufficient evidence. Boeing faces additional challenges, including structural issues and leadership changes.

Portfolio Pulse from Navdeep Yadav

August 22, 2024 | 11:59 am

BTCUSD

FTX, a cryptocurrency trading platform that filed for bankruptcy in November 2022, has received preliminary approval for its reorganization plan from creditors, with over 95% support. This development follows a tumultuous period involving legal challenges and asset recovery efforts.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 10:46 am

LQDA

Liquidia has filed a lawsuit challenging the FDA's decision to grant 3-year exclusivity to Tyvaso DPI, delaying the final approval of its own drug, YUTREPIA, until May 2025.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:05 am

MSFT

Midjourney has opened its web experience to the public, offering free trials amid controversy over unauthorized use of artists' work. The company faces backlash and legal challenges for allegedly using copyrighted works to train its AI. Microsoft and xAI are also under scrutiny in the AI art generator industry.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 7:15 am

AZLAF

A federal judge has temporarily halted a lithium drilling project in Arizona due to its potential threat to the Hualapai Tribe's sacred lands. The project, approved by the U.S. Bureau of Land Management and carried out by Arizona Lithium Ltd., faces legal challenges from the tribe and environmental groups. The case highlights the conflict between green energy projects and indigenous cultural sites.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 3:42 am

CRWD

S

CrowdStrike's president, Michael Sentonas, criticized competitors like SentinelOne and Trellix for exploiting a global IT outage to promote their products. The outage, caused by a software update, led to significant disruptions, including flight cancellations by Delta Air Lines. CrowdStrike faces a class action lawsuit, but claims its liability is limited by contracts.

Portfolio Pulse from Ananya Gairola

August 22, 2024 | 3:19 am

TCNNF

A dispute has arisen between a senior staffer for Florida Gov. Ron DeSantis and the CEO of Trulieve Cannabis Corp over the proposed cannabis legalization initiative, Amendment 3. The controversy centers on the lack of a home-grow provision in the amendment, which DeSantis opposes. Trulieve's CEO, Kim Rivers, argues that the omission was due to legal constraints, not corporate greed.

Portfolio Pulse from Maureen Meehan

August 21, 2024 | 10:15 pm