Law related news.

Appeals court rejects NASDAQ’s diversity rules for boards

An appeals court in Louisiana has ruled that NASDAQ can’t require diversity on the boards of companies that list on the exchange. The decision comes more than three years after the Securities and Exchange Commission approved NASDAQ’s proposal to boost the number of women, racial minorities and LGBTQ people on corporate boards. The proposed policy [...]

By |2024-12-18T15:45:32-05:00Monday, December 16, 2024|

High court sides with pharmacies in appeal of opioid judgment

COLUMBUS (AP) — The Ohio Supreme Court ruled that the state’s product liability law prohibits counties from bringing public nuisance claims against national pharmaceutical chains as they did as part of national opioid litigation, a decision that could overturn a $650 million judgment against the pharmacies. An attorney for the counties called the decision “devastating.” [...]

By |2024-12-18T15:47:16-05:00Friday, December 13, 2024|

Watchdog: DOJ ignored policy when seizing records

WASHINGTON (AP) — Federal prosecutors sidestepped some Justice Department rules when they seized the phone records of reporters as part of media leak investigations during the Trump administration, according to a new watchdog report. The report from the Justice Department inspector general’s office also found that some congressional staffers had their records obtained by prosecutors [...]

By |2024-12-18T15:46:59-05:00Friday, December 13, 2024|

Morgan Stanley Smith Barney will pay penalty to settle charges

Morgan Stanley Smith Barney will pay a $15 million penalty as part of a settlement with the Securities and Exchange Commission related to four financial advisers who stole millions of dollars of advisory clients’ and brokerage customers’ funds. The settlement also is related to the firm’s failure to adopt policies and procedures designed to prevent [...]

By |2024-12-13T10:22:12-05:00Thursday, December 12, 2024|

Murdoch fails to change family’s trust

RENO, Nev. (AP) — A probate commissioner has ruled against Rupert Murdoch’s effort to change his family’s trust to give one of his sons control of his media empire and ensure Fox News maintains its conservative editorial slant, according to a sealed document obtained by The New York Times. In a decision filed last week, [...]

By |2024-12-13T10:22:22-05:00Thursday, December 12, 2024|

Groups target law raising Missouri’s minimum wage

COLUMBIA, Mo. (AP) — Missouri business groups have filed a lawsuit to try to stop a voter-approved law that will raise the state’s minimum wage and require employers to give workers paid sick leave. The Missouri Chamber of Commerce and Industry, restaurant and grocers associations say the law violates a state constitutional requirement that ballot [...]

By |2024-12-13T10:22:32-05:00Thursday, December 12, 2024|

China probing Nvidia for anti-monopoly law violations

China said this week it is investigating the American microchip company Nvidia over suspected violations of Chinese anti-monopoly laws. In a brief press release with few details, Chinese regulators appear to be focusing on Nvidia’s $6.9 billion acquisition of network and data transmission company Mellanox in 2019. Considered a bellwether for artificial intelligence demand, Nvidia [...]

By |2024-12-13T10:38:50-05:00Wednesday, December 11, 2024|
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