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Legal

LLY

NVO

Eli Lilly & Co. (NYSE: LLY) has intensified its legal actions against counterfeit versions of its obesity drug, Zepbound, by filing lawsuits against various establishments for trademark violations, false advertising, and unfair competition. The company is addressing safety concerns related to counterfeit products and has made significant investments to meet the growing demand for its weight-loss and diabetes medications.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 11:44 am

BA

Families of Boeing 737 Max crash victims are urging the DOJ to impose a $25 billion fine on Boeing Co. (NYSE:BA) following two fatal crashes. The demand comes amid increased scrutiny and criticism of Boeing's leadership. The DOJ has until July 7 to decide on the punishment, which could include criminal charges or a new deal with additional conditions.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 11:28 am

HUBC

Hub Cyber Security is progressing towards settling a $12M dispute with Oppenheimer over unpaid fees related to SPAC merger services.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:13 am

SSL

The court ruled in favor of Sasol Oil and TotalEnergies, awarding Sasol Oil R3.89 billion in damages plus approximately R2.3 billion in interest due to Transnet's breach of pipeline tariff agreements. The litigation has been ongoing since 2017.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:39 am

MASI

Masimo has issued a statement to clarify the 'Background of the Solicitation' section in Politan's proxy statement related to Masimo's upcoming annual meeting of stockholders.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:09 am

MAXN

Maxeon Solar Technologies has filed a unitary patent infringement suit against Aiko and its affiliates in Europe.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:07 am

SNAP

Snap Inc. (NYSE:SNAP) has agreed to pay $15 million to settle a lawsuit filed by the California Civil Rights Department over gender discrimination and harassment allegations. The settlement covers female employees who worked at Snapchat in California between 2014 and 2024. The company has committed to maintaining a fair and inclusive work environment and will hire an independent consultant to assess its policies.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 9:02 am

AAPL

QCOM

Qualcomm Inc (NASDAQ:QCOM) has agreed to pay $75 million to settle a lawsuit with its shareholders over patent licensing claims, marking a victory for investors. The lawsuit accused Qualcomm of misleading shareholders about its business practices, specifically concerning patent licensing, which allegedly inflated the company’s stock price. Despite previous legal challenges with Apple Inc (NASDAQ:AAPL) and the U.S. FTC, Qualcomm largely prevailed. The settlement ends a chapter of legal uncertainty for Qualcomm.

Portfolio Pulse from Franca Quarneti

June 19, 2024 | 6:27 pm

XRPUSD

XRP sees a significant rise in open interest, indicating bullish sentiment among investors. The resignation of SEC executive David Hirsch has fueled optimism for a favorable outcome for Ripple Labs, which is pushing for a lower fine against a $2 billion SEC settlement. Despite a recent 1.5% drop, the increase in long positions suggests a potential rally.

Portfolio Pulse from Aniket Verma

June 19, 2024 | 8:04 am

AMZN

Amazon.com Inc. (NASDAQ:AMZN) has been fined $5.9 million by a California labor regulator for allegedly failing to inform workers of productivity quotas at two of its warehouses. The fine is tied to a 2022 California law mandating written descriptions of quotas. Amazon is appealing the citations.

Portfolio Pulse from Benzinga Neuro

June 19, 2024 | 7:21 am