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TUSK

Mammoth Energy Services shares are trading higher after the company announced its subsidiary, Cobra Acquisitions, entered into a release and settlement agreement with the Puerto Rico Electric Power Authority.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:35 pm

LIFW

MSP Recovery shares are trading higher following the announcement of a settlement with a group of affiliated P&C insurers.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:34 pm

TUSK

Mammoth Energy Services' subsidiary, Cobra Acquisitions, has announced a settlement with the Puerto Rico Electric Power Authority (PREPA). The total settlement proceeds are expected to be approximately $188 million.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:32 pm

INVH

Invitation Homes has agreed to settle a California qui tam dispute by paying $19.99 million. The dispute involved allegations that the company's contractors failed to pull building permits for certain home improvements. The settlement will fully resolve the dispute without any admission of liability.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:32 pm

LIFW

PLTR

LifeWallet (NASDAQ:LIFW) announces a comprehensive settlement with a group of affiliated property and casualty insurers, including a cash payment to settle historical claims. The settlement involves data sharing and a 10-year agreement to resolve Medicare claims. LifeWallet's partnership with Palantir Technologies (NYSE:PLTR) has led to the completion of the first version of its clearinghouse system.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:29 pm

CRWD

MSFT

The House committee has called on CrowdStrike CEO to testify regarding a global outage. This event could have significant implications for CrowdStrike's operations and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 7:56 pm

CNI

Canadian National Railway has been fined $8 million for environmental offenses related to train derailments that occurred in 2015, according to Reuters citing Environment and Climate Change Canada.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:14 pm

ALLR

Allarity Therapeutics Inc (NASDAQ:ALLR) received a Wells Notice from the SEC regarding disclosures about their NDA for Dovitinib. The notice suggests potential legal action but is not a formal charge. The company plans to respond formally and has proposed a reverse stock split to regain NASDAQ compliance. Allarity will focus on advancing stenoparib and has a financial runway extending into 2026.

Portfolio Pulse from Vandana Singh

July 22, 2024 | 4:30 pm

GHBWF

GLASF

Glass House Brands Inc. (OTC:GLASF) (OTC:GHBWF) won a legal battle as a California court dismissed a lawsuit accusing it of illegal cannabis dealings. The court ruled in favor of Glass House, dismissing the case with prejudice and awarding costs against the plaintiff, Catalyst Cannabis Co. This decision underscores Glass House's compliance with California's cannabis regulations.

Portfolio Pulse from Patricio Liddle

July 22, 2024 | 4:20 pm

AEP

American Electric Power (AEP) announced that on July 10, a court preliminarily approved the company's settlement with four shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 2:05 pm