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Legal

HFFG

HF Foods has settled with the SEC and agreed to pay a civil monetary penalty of $3.9 million.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 12:31 pm

BP

EIPX

HJEN

BP has updated its workplace relationship policy, requiring employees to disclose intimate relationships with colleagues or face termination. This follows the dismissal of former CEO Bernard Looney for failing to make such disclosures. The new policy prohibits employees from managing relatives or those with whom they have intimate relationships. Senior leaders must declare any such relationships from the past three years by September 1. BP shares are up 0.77% premarket.

Portfolio Pulse from Lekha Gupta

June 10, 2024 | 11:44 am

APIE

AVIV

HNDAF

MUFG

MZDAY

SMFG

SZKMY

TOYOF

Toyota, Mazda, Honda, and Suzuki face significant stock price drops due to a safety test falsification scandal. Toyota's market value plunged by over $15 billion, and Mazda lost $511.8 million. The scandal has led to temporary halts in shipments and sales of certain models. Additionally, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group plan to divest $8.5 billion worth of Toyota shares.

Portfolio Pulse from Benzinga Neuro

June 10, 2024 | 5:38 am

NKLA

Trevor Milton, the convicted founder of Nikola Corp (NASDAQ:NKLA), has filed a multi-billion dollar derivative lawsuit against the company's current chief legal officer Britton Worthen and its directors, alleging malpractice. Milton claims that Worthen was responsible for the controversial 'Nikola One in Motion' video and that the company destroyed evidence that could prove his innocence.

Portfolio Pulse from Anan Ashraf

June 08, 2024 | 4:25 am

TSLA

Tesla CEO Elon Musk criticized lawyers demanding $5.2 billion in company stock for contesting his 2018 pay package, which was rescinded by the court. Tesla's court filing argued the fees were exorbitant and unjustified. Proxy advisory firms have advised shareholders to vote against reinstating Musk's pay package.

Portfolio Pulse from Anan Ashraf

June 08, 2024 | 2:40 am

ISUN

iSun and its units have filed for Chapter 11 bankruptcy reorganization. They expect to continue operations as usual during the proceedings and have filed motions for court approval of initial actions.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 9:31 pm

SWTX

SpringWorks Therapeutics Inc announced the termination of a license deal, stating that it does not trigger any payment obligations or other material wind-down costs for the company.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:27 pm

T

VZ

The Federal Communications Commission (FCC) has requested that court challenges to net neutrality be moved to the Washington, DC Appeals Court, according to a Reuters report.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:14 pm

TBLT

On June 6, ToughBuilt Industries Inc entered into a settlement agreement with Concord Property Development to resolve a dispute over nonpayment of rent under a commercial lease agreement dated October 31, 2022.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:04 pm

DJT

SPY

Mike Johnson is seeking GOP votes for a bill that would allow current or former presidents to move state-level charges to federal court. This bill, named the 'No More Political Prosecutions Act,' is introduced in response to Donald Trump's New York conviction.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:54 pm