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Legal

AGCO

AGCO has responded to a letter from TAFE, criticizing misaligned interests and highlighting a recent legal victory that resulted in the termination of TAFE's Massey Ferguson trademark rights in India.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:22 pm

RVP

Retractable Technologies has filed a complaint in the U.S. Court of International Trade to challenge a 100% tariff on syringes and needles imported from China. The company is seeking injunctions and a reversal of the tariff.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:17 pm

CPRI

Capri Holdings shares are experiencing an increase in trading activity as the Tapestry-Capri antitrust trial approaches its closing arguments.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:16 pm

CPRI

TPR

The antitrust trial concerning Tapestry Inc.'s $8.5 billion acquisition of Capri Holdings Ltd. is reaching a critical point as closing arguments are presented. The decision by US District Judge Jennifer Rochon could significantly impact hedge funds and investors betting on the outcome. The trial has seen arguments from both sides, with Tapestry and Capri defending the merger against the FTC's claims of reduced competition in the 'accessible luxury' market. Capri's stock has seen a rise, indicating investor optimism about the deal's closure.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:11 pm

EBAY

eBay has successfully won the dismissal of a U.S. government lawsuit that accused the company of violating environmental laws by allowing the sale of harmful products on its platform.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:32 pm

CHWY

TRUP

The SEC has settled charges against Austin Kauh for insider trading related to a Chewy and Trupanion partnership. Kauh, part of Chewy's due diligence team, traded Trupanion stock before the partnership announcement, violating SEC antifraud provisions. Kauh agreed to a cease-and-desist order and financial penalties.

Portfolio Pulse from Anusuya Lahiri

September 30, 2024 | 5:23 pm

UHS

Universal Health Services shares declined following the company's announcement that legal resolutions involving its subsidiaries, Cumberland Hospital for Children and Adolescents and Pavilion Behavioral Health System, could negatively impact the company.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:11 pm

TMUS

T-Mobile has agreed to pay $31.5 million to settle a Federal Communications Commission (FCC) investigation into data breaches that affected millions of U.S. consumers.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:27 pm

AAPL

GOOG

GOOGL

Epic Games has filed a new antitrust lawsuit against Google and Samsung, accusing them of restricting competition in app distribution. The lawsuit focuses on Samsung's Auto Blocker feature, which Epic claims limits consumer choice by discouraging app downloads from sources other than Google Play and Samsung's Galaxy Store. Epic argues this violates U.S. antitrust laws and plans to bring the issue to EU regulators as well.

Portfolio Pulse from Franca Quarneti

September 30, 2024 | 3:56 pm

CVX

Chevron is confident that the arbitration process will affirm its position, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:05 pm