Streetbeat News

Legal

BAH

Booz Allen Hamilton Holding Corporation (NYSE:BAH) resolved a legal dispute with the US government, agreeing to a $377.4 million settlement. Despite this, the company's stock reached record highs in October. The stock experienced significant volatility, with notable ups and downs, but overall, it saw a 16% increase for the year. Q2 earnings are anticipated on October 27th, projected at $1.33.

Portfolio Pulse from Zaheer Anwari

October 23, 2023 | 7:09 pm

XRPUSD

In the ongoing lawsuit between Ripple (CRYPTO: XRP) and the U.S. Securities and Exchange Commission (SEC), lawyer Bill Morgan believes that the odds are in favor of Ripple, with only a 3%-14% chance of the SEC winning its appeal. The SEC recently dropped all charges against Ripple CEO Brad Garlinghouse and Executive Chair Chris Larsen. The XRP token price is trading 2.6% higher at the time of writing, with a 6.6% surge reported over the past week.

Portfolio Pulse from Khyathi Dalal

October 23, 2023 | 6:48 pm

ALK

Alaska Air Group, Inc. (NYSE:ALK) is taking legal action against a mechanics union over an arbitration decision that reinstated a mechanic who tested positive for cannabis. The airline argues that the arbitration board overstepped its bounds and made decisions not based on factual evidence. The mechanic, Gregory Chappell, had been terminated after failing a random drug test, but he denied consuming cannabis and claimed he unknowingly ingested THC at a party. Aviation safety expert Dr. Karlene Petitt has criticized the airline's actions and called for support for Chappell.

Portfolio Pulse from Maureen Meehan

October 23, 2023 | 6:22 pm

EIS

SPY

USO

VGK

The World Court has announced that it will hold public hearings on the legal consequences arising from Israel's occupation of Palestinian territory in February 2024.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 4:31 pm

INDV

Pharmaceutical company Indivior PLC (NASDAQ:INDV) has settled the claims in the In re Suboxone Antitrust Litigation, agreeing to pay $385 million and incurring a charge of $228 million in Q3. This marks the end of the litigation, providing greater certainty for Indivior stakeholders. The company also reported preliminary Q3 results with revenue of $268 million-$273 million and adjusted operating income of $55 million-$65 million. The settlement payment is expected to be made in November 2023.

Portfolio Pulse from Lekha Gupta

October 23, 2023 | 3:27 pm

INDV

Indivior has reached an agreement with direct purchasers to resolve the antitrust multi-district litigation. The company also issued preliminary Q3 and YTD 2023 results, which has led to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 1:14 pm

INDV

Indivior has reached an agreement to resolve the antitrust multi-district litigation with direct purchasers. The company also released preliminary Q3 and YTD 2023 results.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 1:14 pm

GOOG

GOOGL

Japan's competition authority, the Japan Fair Trade Commission (JFTC), has initiated an investigation into Alphabet Inc's Google's web search services. The probe aims to determine if Google's arrangements with Android smartphone manufacturers infringe on Japan's Antimonopoly Act. The arrangements may involve Google returning a portion of its revenues to these manufacturers under the stipulation that they refrain from installing competitor search engines. The JFTC is also examining Google's requirement for Android phone producers to preload Google Search and Google Chrome browser applications concurrently with the Google Play app.

Portfolio Pulse from Shivani Kumaresan

October 23, 2023 | 12:44 pm

TLRY

A lawsuit against Tilray Brands Inc (NASDAQ:TLRY) (TSX:TLRY) related to a Bob Marley-branded marijuana products deal has been resolved and dismissed. The lawsuit was filed by Docklight Brands Inc., which accused Tilray of dropping out of the licensing deal and violating the agreement. The financial details of the settlement were not disclosed. Tilray shares were trading 1.63% lower at $1.81 during Monday’s pre-market session.

Portfolio Pulse from Nina Zdinjak

October 23, 2023 | 12:40 pm

AMZN

BTCUSD

ETHUSD

GOOGL

INTC

SPY

TSLA

The article covers a range of topics including upcoming Q3 earnings for Amazon, Alphabet, Meta, and Intel, the ongoing trial of Sam Bankman-Fried, and the performance of various cryptocurrencies. It also discusses political developments in the US, the potential for a recession in the US economy next year, and tech news including a rumored 32-inch iMac Pro and Tesla's entry into India.

Portfolio Pulse from Akanksha Bakshi

October 23, 2023 | 12:34 pm