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Legal

PFE

Pfizer faces a lawsuit from Kansas for allegedly misleading claims about the safety and effectiveness of its COVID-19 vaccine. The lawsuit accuses Pfizer of violating consumer protection laws by marketing the vaccine as safe despite knowing about serious adverse events and waning efficacy. The suit claims Pfizer's misrepresentations helped it achieve record revenues.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 5:13 pm

FDIS

MATW

TSLA

XLY

Tesla Inc. (NASDAQ:TSLA) has filed a lawsuit against its former supplier, Matthews International Corp (NASDAQ:MATW), accusing them of misappropriating trade secrets related to Tesla's dry electrode battery technology. Tesla is seeking $1 billion in damages and a court injunction to prevent further disclosure of its proprietary information. The lawsuit claims Matthews shared these secrets with Tesla's competitors and attempted to patent Tesla's innovations as its own. Tesla's stock has risen by 4.34% following the news.

Portfolio Pulse from Shivani Kumaresan

June 17, 2024 | 5:09 pm

PFE

Kansas has filed a lawsuit against Pfizer, alleging misrepresentations and adverse effects related to its COVID-19 vaccine. The state claims that Pfizer provided misleading information about the vaccine's safety and efficacy.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 3:28 pm

ADBE

The U.S. Federal Trade Commission (FTC) has taken action against Adobe and its executives for allegedly hiding fees and preventing consumers from easily canceling software subscriptions.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 3:27 pm

ADBE

Adobe shares are trading lower following a report indicating the US has sued the company, alleging it impacted consumers by enrolling them in subscription plans without clearly disclosing important terms.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 3:13 pm

ADBE

The U.S. government has filed a lawsuit against Adobe, alleging that the company enrolls consumers in subscription plans without clearly disclosing important terms. This legal action could have significant implications for Adobe's business practices and consumer trust.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 3:11 pm

T

The Supreme Court has granted approval to review the case 'Wisconsin Bell, Inc. v. U.S., ex rel. Heath'. This decision could have significant implications for the telecommunications industry.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:45 pm

ABR

Viceroy Research has issued a report on Arbor Realty Trust titled 'Arbor Realty Trust – Letter to Citizens Financial Group'. The report could potentially impact Arbor Realty Trust's stock price.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:43 pm

LYFT

The Supreme Court has denied the review of the case 'LYFT, INC. V. SEIFU, MILLION', which could have significant implications for Lyft, Inc. and its legal standing.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:42 pm

UBER

The Supreme Court has denied the review of the case 'Uber Technologies, Inc., et al. v. Gregg, Johnathon'. This decision could have implications for Uber Technologies, Inc. and its legal standing.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:41 pm