Page 7 - Lawsuits

Temu files lawsuit in US against rival Shein, alleges antitrust violations

Chinese e-commerce retailer Temu has filed a lawsuit in Massachusetts accusing its rival Shein of violating US antitrust law by preventing garment makers from working with it. Temu, which is owned by popular Chinese e-commerce site Pinduoduo Inc., is alleging that Shein has compelled clothing manufacturers to submit to unfair supply chain arrangements preventing them from working with Temu after it entered the US market in 2022. Shein (SHE-in) and Temu (TEE-mu) are fast-rising online shopping platforms. Shein has grabbed the largest share of the fast fashion market in the US, at over 50 per cent, according to Temu's complaint. Temu is the most downloaded app in the US, according to the website data.ai, formerly App Annie, which tracks app rankings. It offers everything from apparel to household goods at similarly competitive prices. Shein has engaged in a campaign of threats, intimidation, false assertions of infringement, and attempts to impose baseless punitive fines and has forc

Tesla board to return $735 mn in stock awards to end suit over pay packages

The Tesla directors denied wrongdoing as part of the accord, but said they agreed to settle the case to eliminate the uncertainty, risk, burden, and expense of further litigation

Trump lashes out after Justice Dept no longer says presidency shields him

Former President Donald Trump lashed out on social media against the U.S. Justice Department on Wednesday after it stopped supporting his claim that the presidency shields him from liability against a defamation lawsuit brought by a woman who says he sexually attacked her in the mid-1990s. Trump said in a post on his social media platform that the department's reversal a day earlier in the lawsuit brought by advice columnist E. Jean Carroll was part of the "political Witch Hunt" he faces while campaigning for the presidency as a Republican. The Justice Department did not immediately respond to a request for comment. Carroll, 79, sued Trump, 77, for defamation months after he vehemently denied her claims first made publicly in a 2019 memoir that a chance encounter between the pair at a Bergdorf Goodman store began with flirtations but ended in a violent encounter inside a dressing room in a desolate section of the store. The progression of the lawsuit, filed in 2020, was delayed for

Trump can be held accountable in lawsuit after Justice dept reverses course

The Justice Department on Tuesday said that Donald Trump can be held personally liable for remarks he made about a woman who accused him of rape a reversal of its position that Trump was protected because he was president when he made the remarks. In a letter filed with the judge presiding over a defamation lawsuit that columnist E. Jean Carroll brought in Manhattan federal court in 2020, the department says it no longer has a sufficient basis to conclude that Trump was motivated in his statements about Carroll's claims by more than an insignificant desire to serve the United States. Previously, the department had agreed with Trump's attorneys that he was protected from the lawsuit by the Westfall Act, which provides federal employees absolute immunity from lawsuits brought over conduct occurring within the scope of their employment. In May, a jury awarded Carroll $5 million in damages after concluding that Trump sexually abused her in 1996 at a midtown Manhattan Bergdorf Goodman .

Order on limiting Biden govt's contact with social media companies refused

A federal judge in Louisiana refused Monday to put a temporary hold on his own order limiting Biden administration officials contacts with social media companies. Biden administration attorneys had asked U.S. District Judge Terry Doughty in Monroe to stay his own order, which was issued last Tuesday, while they pursue an appeal. That order came in a lawsuit filed by Republican attorneys general in Louisiana and Missouri, as well as a conservative website owner and four individual critics of government COVID-19 policies. The lawsuit claimed the administration, in effect, censored free speech by using threats of regulatory action or protection while pressuring companies to remove what it deemed misinformation. COVID-19 vaccines, legal issues involving President Joe Biden's son Hunter and election fraud allegations were among the topics spotlighted in the lawsuit. Doughty was nominated to the federal bench by former President Donald Trump. His injunction blocked the Department of Healt

Prince Harry seeks $550,000 in phone hacking case against British publisher

Prince Harry's lawyer has put a price tag on the prince's lawsuit accusing the publisher of the Daily Mirror of hacking his phone and using other unlawful means to dig up dirt on the early years of his royal life: 440,000 pounds (USD 558,000). The Duke of Sussex's lawyer submitted the proposed legal award at the conclusion of courtroom proceedings in the first of Harry's cases against the British tabloid press to go to trial. If he managed to win the entire sum, it would be a massive award in the broader phone hacking scandal that has plagued several tabloid publishers. Attorney David Sherborne said in closing arguments this week that there was hard evidence Mirror Group Newspapers employed journalists who eavesdropped on voicemails and hired private investigators to use deception and unlawful means to learn about Harry and other celebrities. "These methods were the tried and tested tools of the tabloid trade," Sherborne said. Mirror Group Newspapers, which has paid more than 100

Another LIV lawsuit filed, claims logo infringement for Mickelson team

Two days after the PGA Tour and the Saudi Arabia sovereign wealth fund agreed to a partnership that ends all litigation, another lawsuit has been filed against LIV Golf and Phil Mickelson over a logo. Cool Brands Supply, an Argentine lifestyle and skateboard company, filed a trademark infringement lawsuit last Thursday that claims Mickelson's HyFlyers logo used in LIV Golf is a knockoff of their Fallen Footwear logo. Both logos feature a pair of Fs facing in opposite directions. Mickelson is the team captain of HyFlyers, which includes Brendan Steele, Cameron Tringale and James Piot. The complain says Fallen Footwear has used the back-to-back Fs for a logo since 2003. It accuses LIV of using the logo on hats, shirts and sweatshirts sold as merchandise. The similarities between the two marks, particularly when used on clothing, are striking, and are confusing consumers and causing damage to Plaintiff's senior mark and brand, Cool Brands Supply argue in the lawsuit. It claims it as

Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe

Crypto companies, including Coinbase, dispute that crypto tokens are securities and have repeatedly called for the SEC to create clear rules

Coinbase execs defend platform against lawsuit, call for clear crypto rules

Coinbase has been pushing the SEC to formulate new crypto-specific regulations since last year and in April asked the US Court of Appeals for the Third Circuit to compel the regulator to respond

US to probe Twitter for breaking laws following lawsuit from ex-employees

"Twitter's new leadership deliberately, specifically, and repeatedly announced their intentions to breach contracts, violate laws, and otherwise ignore their legal obligations"

Deutsche Bank to pay $75 mn to settle lawsuit from Epstein victims: Lawyers

Deutsche Bank has agreed to pay USD 75 million to settle a lawsuit claiming that the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client, according to lawyers for women who say they were abused by the late financier. A woman only identified as Jane Doe sued the bank in federal district court in New York and sought class-action status to represent other victims of Epstein. The lawsuit asserted that the bank knowingly benefitted from Epstein's sex trafficking and chose profit over following the law to earn millions of dollars from the businessman. One of the law firms representing victims in the case, Edwards Pottinger, said it believed the sex-trafficking settlement is likely the largest with a bank in US history. "This groundbreaking settlement is the culmination of two law firms conducting more than a decade-long investigation to hold one of Epstein's financial banking partners responsible for the role it played in facilitating his ...

Acts of transnational repression: Lawsuit filed against Twitter, Saudi

A humanitarian aid worker who used an anonymous Twitter account to mock Saudi Arabia about its economy has filed a federal racketeering lawsuit against the social media platform, the kingdom and a number of individuals alleging an attempt to silence critics overseas. Abdulrahman al-Sadhan, was working for the Red Crescent in Riyadh in 2018 when plain-clothed security forces entered the office of the Red Crescent offices in Riyadh. He was taken away without any explanation. How the Saudi government linked al-Sadhan to the Twitter account remains a mystery. In April 2021, the anti-terrorism court where he was tried handed down a prison sentence of 20 years for al-Sadhan, followed by a 20-year travel ban. Al-Sadhan has appealed the ruling. In 2019, Ahmad Abouammo, a U.S. citizen and former media partnership manager for Twitter's Middle East region, was charged with acting as an agent of Saudi Arabia without registering with the U.S. government. The complaint also alleged that Saudi ...

Wells Fargo accused of misleading statement, to pay $1 billion in lawsuit

The investors sued the bank in 2020 claiming that its former chief executive officer, Tim Sloan, and other executives made misleading statements in testimony

J&J accused by US of misusing bankruptcy to end talc cancer suits

The healthcare products maker is trying for the second time to get itself out of a jam as cheaply as possible, using the Chapter 11 filing of LTL Management

Credit Suisse AT1 bondholders who lost $1.7 bn in UBS deal file lawsuits

Law firm Pallas Partners, which filed the suit in a Swiss court on April 18, said the Finma agency had no right to order the writedown and is seeking full compensation for its clients

Glenmark to pay $87.5 mn to settle lawsuits over a generic drug in US

Glenmark Pharmaceuticals on Tuesday it will pay USD 87.5 million to three plaintiff groups to settle multiple antitrust and consumer protection lawsuits in the US related to a generic drug. There were multiple antitrust and consumer protection lawsuits, including a class action, consolidated in the Eastern District of Virginia against the company and its subsidiary Glenmark Pharmaceuticals Inc. in connection with generic Zetia, a drug for the treatment of cholesterol, the Mumbai-based drug maker said in a regulatory filing. The lawsuits alleged that in 2010, Glenmark entered an anticompetitive agreement to settle patent infringement litigation involving a patent related to ezetimibe (the active ingredient in Zetia) with Schering Corporation and MSP Singapore Company LLC. The trial for the case began on April 19, 2023 in the US courts. Three plaintiff groups collectively representing all of the claims against the company and Merck are referred to as the Direct Purchaser Plaintiffs,

Apple wins major antitrust case against Fortnite maker Epic Games

Apple has won the long-drawn antitrust court battle in the US against Fortnite maker Epic Games over its App Store policies

J&J wins pause of baby powder trials, must face new suits, says judge

US Bankruptcy Judge Michael Kaplan said Thursday the company won't have to go to trial over any talc lawsuits for at least 60 days, but new lawsuits can be filed

Credit Suisse files long-awaited $440 million lawsuit against Softbank

The Swiss lender sued SoftBank in London earlier this month, saying it planned to focus on maximizing recovery for investors in its supply chain finance funds

J&J talc unit second bankruptcy must be dismissed, victims' lawyers say

The attorneys, in the filing, denounced J&J's move to refile its subsidiary LTL Management for bankruptcy, which relies on a controversial legal maneuver, just two hours after first case was dismissed