HP Must Face Shareholder Lawsuit Over Sales, Appeals Court Rules April 12, 2023 By Jody Godoy A U.S. appeals court on Tuesday revived a lawsuit alleging HP Inc. defrauded shareholders by secretly using unprofitable tactics to...
Wells Fargo to Pay $300M to Settle Suit Over Auto Insurance Disclosures February 8, 2023 By Jody Godoy Wells Fargo & Co. agreed to pay $300 million to settle a shareholder lawsuit claiming the bank hid that it...
Tesla’s Elon Musk Found Not Liable in Trial Over 2018 ‘Funding Secured’ Tweets February 6, 2023 By Jody Godoy A U.S. jury on Friday found Tesla Inc. CEO Elon Musk and his company were not liable for misleading investors...
Securities Fraud Trial Over Elon Musk’s 2018 Tweets Draws to a Close February 3, 2023 By Jody Godoy A lawyer for Tesla Inc. shareholders who claim Elon Musk deceived them when he tweeted that he had secured funding...
Tesla, Musk Face Trial in Shareholder Case Over 2018 Tweets January 17, 2023 By Jody Godoy Elon Musk and Tesla Inc. are set to go to trial in San Francisco on Tuesday in a case where...
Elizabeth Holmes Sentenced to More Than 11 Years in Prison for Theranos Fraud November 21, 2022 By Jody Godoy A federal judge on Friday sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding...
‘Wave’ of Lawsuits Over FTX Expected, but Investors Will Face Legal Hurdles November 18, 2022 By Jody Godoy A lawsuit by FTX account holders in the United States is likely the first of many that will be brought...
FTX’s Bankman-Fried, Celebrity Promoters Sued by Crypto Investors November 16, 2022 By Jody Godoy U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including comedian Larry David, alleging...
SEC Considering Action Against SolarWinds Over Cyber Disclosures November 4, 2022 By Jody Godoy The U.S. Securities and Exchange Commission has recommended an enforcement action against SolarWinds Corp over its public statements on cybersecurity...
CBS, Former CEO to Pay $9.75M to Settle New York Probe of Handling of Misconduct November 3, 2022 By Jody Godoy CBS Corp. and former Chief Executive Leslie Moonves agreed on Wednesday to pay investors an additional $9.75 million to settle...