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Legal

JNJ

Johnson & Johnson (NYSE:JNJ) has agreed to pay $700 million to settle a multi-state investigation into its talc-based products, which were alleged to cause cancer. The settlement involves 42 U.S. states and Washington, D.C. Despite the settlement, J&J has not admitted to any wrongdoing and still faces numerous lawsuits related to its talc products.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 11:53 am

BITF

RIOT

Riot Platforms has commented on Bitfarms' adoption of a poison pill strategy, stating that the 15% trigger is in direct conflict with established legal and governance standards.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:05 am

TSLA

Elon Musk faces allegations of intimate relationships with female colleagues at SpaceX, raising concerns about a culture of sexism and harassment. SpaceX President Gwynne Shotwell refutes the claims, calling them misleading. The news could impact investor sentiment towards Musk's companies, including Tesla, which is currently holding a shareholder vote on Musk's $46 billion pay package.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 7:54 am

AAPL

MSFT

TSLA

Elon Musk has withdrawn his lawsuit against OpenAI and its co-founders, a day after criticizing Apple for partnering with OpenAI. The lawsuit, filed in February, was dismissed without prejudice. Musk's decision follows his threat to ban Apple devices from his companies if Apple integrates OpenAI technology at the OS level. Musk's AI startup, xAI, recently secured $6 billion in Series B funding.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 1:46 am

AAPL

Apple Inc. (NASDAQ:AAPL) faces uncertainty regarding a monopoly case during its Worldwide Developers Conference (WWDC). The probability of Apple being seen as a monopoly fluctuated, peaking at 65% before dropping back to 61%. The class-action lawsuit accuses Apple of monopolizing digital storage through its iCloud service. Despite this, Apple's shares rose 7.26% to $207.15 following announcements at WWDC.

Portfolio Pulse from Michael Juliano

June 11, 2024 | 9:58 pm

MSFT

TSLA

Elon Musk has voluntarily dismissed his lawsuit against OpenAI, according to a court filing in California. The filing did not provide any reasoning for the dismissal.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:29 pm

BBBY

GME

GameStop's Chairman and CEO Ryan Cohen has won his lawsuit regarding his investment in Bed Bath & Beyond. The court granted the defendants' motion to dismiss and denied BBBY's motion for substitution as the real party in interest and to stay consideration of the motion to dismiss.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:34 pm

ADSK

Autodesk, Inc. (NASDAQ:ADSK) shares are trading lower after the company reported better-than-expected first-quarter earnings and sales. However, a stockholder derivative complaint was filed against the company's directors and Chief Strategy Officer, alleging various violations. Despite the positive earnings, the legal issues may be contributing to the stock's decline.

Portfolio Pulse from Erica Kollmann

June 11, 2024 | 6:26 pm

AAPL

The US Justice Department announced that four additional states have joined the lawsuit against Apple, accusing the company of monopolizing smartphone markets.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:30 pm

JNJ

Johnson & Johnson has reached a $700 million settlement with most U.S. states over allegations of deceptive marketing of talc-containing products, according to the Massachusetts Attorney General.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:11 pm