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Legal

INCR

InterCure has won an arbitration proceeding against Cannolam. As a result, InterCure now holds 100% of the shares in Cannolam. The amount owed will be determined and paid as part of a full separation process.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:54 pm

GOOGL

MTCH

Google has reached a settlement agreement with Match Group, according to a spokesperson from Google. The details of the settlement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:36 pm

CZR

Caesars Entertainment Inc has become subject to multiple lawsuits following a data incident.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:27 pm

NKLA

Nikola Corp's shares are trading higher by 3.6% despite no company-specific news. The market is anticipating the company's Q3 earnings report due on Thursday. Nikola is expected to report an EPS loss of 14 cents and revenue of $13.33 million. The company recently won $165 million in an arbitration case involving its founder, Trevor Milton, related to regulatory investigations and an SEC settlement regarding fraud allegations.

Portfolio Pulse from Henry Khederian

October 31, 2023 | 7:45 pm

AAPL

AMZN

HPQ

NOK

Nokia Corp has filed lawsuits against Amazon.com Inc and HP Inc in multiple countries for alleged unauthorized use of its multimedia patents in their streaming services and devices. The patents cover technologies such as video compression, content delivery, content recommendation, and hardware-related aspects. Nokia has previously settled a patent cross-license agreement with Apple Inc.

Portfolio Pulse from Anusuya Lahiri

October 31, 2023 | 7:22 pm

RDFN

Z

A Missouri jury has found the National Association of Realtors (NAR), HomeServices of America, and Keller Williams guilty of colluding to inflate commission rates. The defendants have been ordered to pay damages of $1.78 billion, which could potentially double due to treble damages. The verdict opens the door for additional potential class-action lawsuits in other states. The lawsuit also included RE/MAX and Anywhere as defendants, but they reached settlements earlier. The defendants are expected to appeal the ruling.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:44 pm

JBLU

JetBlue's shares are trading lower following disappointing Q3 EPS results and lower-than-expected Q4 and FY23 guidance. The company is also under scrutiny for its deal with Spirit Airlines amid an antitrust trial.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:24 pm

SWI

The Securities and Exchange Commission (SEC) has filed a lawsuit against IT firm SolarWinds and its Chief Information Security Officer, Tim Brown, alleging that they misled investors about the company's cybersecurity practices and vulnerabilities. The lawsuit claims that SolarWinds and Brown ignored known cyber risks and made false statements about the company's security. This news led to a 1.5% drop in SolarWinds' shares. SolarWinds has denied the allegations and plans to contest them in court.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:17 pm

JBLU

SAVE

Spirit Airlines, Inc. (NYSE:SAVE) shares have fallen more than 30% over the last five days, possibly due to sympathy with JetBlue Airways Corporation (NASDAQ:JBLU) which reported disappointing Q3 financial results. Additionally, investors are concerned over the Department of Justice's civil antitrust lawsuit to block Spirit Airlines' proposed merger with JetBlue Airways.

Portfolio Pulse from Erica Kollmann

October 31, 2023 | 3:02 pm

JBLU

SAVE

The US Justice Department is urging a judge to block JetBlue Airways Corp.'s $3.8 billion deal to acquire Spirit Airlines Inc., arguing that the deal is an attempt to eliminate a low-cost rival and increase ticket prices. The federal government, along with six states and Washington DC, sued last year to block the deal, which they say would limit choices for passengers. JetBlue and Spirit argue that the merger is necessary to compete with larger rivals.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:29 pm