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Legal

BLKB

Blackbaud has agreed to pay a total of $6.75 million to the State of California as part of a settlement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:28 pm

BLKB

Blackbaud has agreed to a final judgment and permanent injunction with the California Attorney General as of June 13, as reported in a Form 8-K filing.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:24 pm

AAP

Advance Auto Parts (AAP) has identified unauthorized activity in a third-party cloud database and has launched an investigation. A criminal threat actor has allegedly offered company data for sale. However, there has been no material business interruption reported.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:10 pm

AMZN

Amazon has been ordered to pay $122 million for infringing on targeted advertising patents owned by AlmondNet Inc. A Texas jury ruled against Amazon in this patent case.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:07 pm

CPNG

The Korea Fair Trade Commission (KFTC) has fined Coupang for deceptive search ordering practices. Coupang plans to appeal the decision. A provisional administrative fine and corrective actions have been announced.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:02 pm

Z

ZG

Zillow Group has reached a settlement with Arizona Regional Multiple Listing Service (ARMLS), Wisconsin's Metro Multiple Listing Service, and MLS Aligned regarding the ShowingTime lawsuit. The lawsuit, filed by Zillow in December, alleged that the removal of ShowingTime in favor of Aligned Showings created a monopoly. The settlement is expected to be finalized in about a month.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 7:14 pm

CORT

TEVA

Corcept Therapeutics Inc. (NASDAQ:CORT) shares are trading lower following a lawsuit filed by Teva Pharmaceuticals Inc. (NYSE:TEVA) accusing Corcept of monopolistic practices related to its drug Korlym. The lawsuit alleges anti-competitive practices, including bribes and kickbacks to physicians, which have prevented Teva's generic version from gaining market share.

Portfolio Pulse from Vaishali Prayag

June 14, 2024 | 6:54 pm

BA

LUV

Boeing shares are trading lower following a report suggesting the company and Airbus are under FAA investigation for the authenticity of titanium parts used in some jets. The US National Transportation Safety Board reportedly opened a probe into the May 25 Southwest Airlines in-flight event.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:30 pm

BA

LUV

The FAA is investigating an incident involving a Southwest Airlines flight that occurred in April. The flight reportedly plunged within 400 feet of the ocean before landing safely in Hawaii. No injuries were reported.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:15 pm

AAPL

META

VGK

Apple and Meta are set to face charges under new EU tech rules, with EU regulators expected to issue these charges before the summer break, according to sources.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 5:44 pm