Streetbeat News

Legal

JNJ

The New York Attorney General has filed a lawsuit against Johnson & Johnson, according to court documents cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:07 pm

SPY

President Biden has stated that he accepts the outcome of his son Hunter Biden's guilty verdict and will continue to respect the judicial process as Hunter considers an appeal.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:59 pm

AMRX

TEVA

Amneal Pharmaceuticals, with the support of the U.S. FTC, successfully convinced a New Jersey federal court to remove five Teva Pharmaceutical patents from the FDA's Orange Book. This decision clears the way for Amneal's proposed generic version of Teva's ProAir HFA inhaler. The court also rejected Teva's bid to dismiss Amneal's antitrust allegations.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:40 pm

AREN

Arena Group has filed a lawsuit against ABG and Minute Media, alleging theft of technology and seeking $200 million in damages.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:34 pm

ADSK

Autodesk shares are trading lower following the release of Q1 financial results and a stockholder derivative complaint filed against the company's directors and Chief Strategy Officer.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:16 pm

BP

COP

CVX

SHEL

XOM

California Attorney General Rob Bonta has filed an amended complaint against major fossil fuel companies, including Exxon Mobil, Chevron, Shell, BP, and ConocoPhillips, for misleading the public on climate change. The lawsuit seeks to forfeit profits earned through illegal activities and highlights instances of false advertising and greenwashing.

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 1:55 pm

MSTR

MicroStrategy (NASDAQ:MSTR) shares are trading lower due to a drop in Bitcoin prices. The company holds a significant amount of Bitcoin, and its executive chairman recently settled a tax fraud lawsuit. Despite the current dip, analysts predict an 11.9% upside by 2025.

Portfolio Pulse from Erica Kollmann

June 11, 2024 | 1:37 pm

AXSM

Culper Research has issued a short report on Axsome Therapeutics, potentially impacting the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:29 pm

LL

LL Flooring has sent a letter to shareholders highlighting a conflict of interest and personal agenda by Thomas Sullivan in a proxy contest. The company emphasizes that its director nominees are highly qualified and engaged, urging shareholders to vote for them using the universal WHITE proxy card.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:02 pm

TSLA

A California administrative judge has denied Tesla's request to dismiss claims by the state's DMV alleging the company misled consumers about its self-driving capabilities. The DMV's accusations will be formally reviewed on September 9. This could impact Tesla's ability to sell vehicles in California and may require compensation to vehicle owners.

Portfolio Pulse from Anan Ashraf

June 11, 2024 | 8:06 am