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Legal

TSLA

Tesla Inc. (NASDAQ:TSLA) shareholders have approved the move of the company's legal headquarters from Delaware to Texas. This decision follows a dispute over Elon Musk's $56 billion pay package, which was rescinded by the Delaware Court of Chancery. The shareholders also reapproved Musk's pay package, giving him significant legal leverage.

Portfolio Pulse from Anan Ashraf

June 14, 2024 | 6:51 am

LYFT

UBER

Two U.S. senators have introduced a bill that would require ride-hailing companies like Uber and Lyft to inform passengers if their drivers are using dashcams. The bill aims to address privacy concerns while maintaining safety measures. The legislation's future is uncertain as it needs to pass through a Senate committee before a full Senate vote.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 4:18 am

MA

V

Visa and Mastercard are facing a potential setback as a New York judge indicated disapproval of their proposed $30 billion antitrust settlement. The settlement aimed to resolve claims related to credit and debit card fees for merchants but has been criticized for offering insufficient benefits. This comes amid increased scrutiny of their fee practices.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 2:21 am

AAPL

Apple Inc. (NASDAQ:AAPL) faces a class-action lawsuit alleging gender pay inequality. The lawsuit claims Apple's hiring and performance-review practices result in women being paid less than men for the same work, violating a 2018 California law. The case highlights ongoing issues of gender wage gaps in Silicon Valley.

Portfolio Pulse from Hayden Buckfire

June 13, 2024 | 8:46 pm

TFX

The FDA has classified the recall of Teleflex/Arrow International's Arrow FiberOptix and UltraFLEX Intra-Aortic Balloon Catheter Kits as a Class I recall due to a manufacturing issue. This issue has been potentially linked to 31 injuries and 3 deaths.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 7:46 pm

TSN

Tyson Foods Inc. (NYSE:TSN) has suspended its CFO, John R. Tyson, following his second DUI arrest. Curt Calaway has been appointed as the interim CFO. This incident raises concerns about Tyson's ability to fulfill his duties effectively.

Portfolio Pulse from Michael Cohen

June 13, 2024 | 7:41 pm

IGC

LFSWD

Anson Funds settled with the SEC for $2.25 million over a secret relationship with a short seller that affected two cannabis companies, Lifeist Wellness Inc. (OTC:LFSWD) and IGC Pharma Inc. (NYSE:IGC). The scheme involved short positions and negative reports to profit from stock price drops.

Portfolio Pulse from Rolando García

June 13, 2024 | 7:29 pm

SONY

Valve Corporation faces an $836 million lawsuit in the U.K. for allegedly overcharging 14 million gamers and engaging in anti-competitive practices on its Steam platform. The claim, led by digital rights campaigner Vicki Shotbolt, accuses Valve of market rigging and imposing high commissions on publishers.

Portfolio Pulse from Franca Quarneti

June 13, 2024 | 6:29 pm

PARA

PARAA

A legal threat from investor Mario Gabelli was a major factor in the collapse of Shari Redstone's $8 billion deal to merge Paramount Global with Skydance Media. Gabelli, a key Paramount investor, was prepared to file a $100 million-plus lawsuit over the deal. The deal's failure has led Redstone to explore other options, including a potential sale of National Amusements.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 6:07 pm

HMC

TM

Shares of Toyota and Honda are trading lower following a recent safety scandal impacting major Japanese automakers.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 6:07 pm