Page 8 - Lawsuits

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

J&J proposes paying $8.9 bn to settle baby talcum powder lawsuits

Johnson & Johnson is earmarking nearly USD 9 billion to cover allegations that its baby power containing talc caused cancer, more than quadrupling the amount that the company had previously set aside to pay for its potential liability. Under a proposal announced Tuesday, a J&J subsidiary will re-file for Chapter 11 bankruptcy protection and seek court approval for a plan that would result in one of the largest product-liability settlements in U.S. history. The USD 8.9 billion that J&J would transfer to the subsidiary, LTL Management, would be payable over the next 25 years. The amount is up from the USD 2 billion that the New Brunswick, New Jersey, company set aside in October 2021. The revised amount is being backed by more than 60,000 parties that have filed lawsuits alleging harm from J&J talcum powder, according to the company. J&J isn't admitting any wrongdoing as part of the proposed settlement, a point that company executive emphasised in a Tuesday statement

Billionaire Isreal Englander pays $1 bn to ex-wife who left him for a woman

World's one of the richest men pays $1 billion to his ex-wife after she left him for a woman in a civil lawsuit settled privately

Trump lawsuit claims Woodward audiobook violates copyright, seeks $50 mn

Former President Donald Trump filed a lawsuit Monday against journalist Bob Woodward, claiming he never had permission to publicly release interview recordings made for the book Rage. The lawsuit was filed in federal court in Pensacola, Florida, against Woodward, his publisher Simon & Schuster Inc., and the publisher's parent company Paramount Global. Trump's attorneys are seeking nearly USD 50 million in damages. Simon & Schuster and Woodward released a joint response saying Trump's lawsuit is without merit, and they will aggressively defend against it. All these interviews were on the record and recorded with President Trump's knowledge and agreement, the statement said. Moreover, it is in the public interest to have this historical record in Trump's own words. We are confident that the facts and the law are in our favour. The lawsuit claims that Trump consented to being recorded for a series of interviews between December 2019 and August 2020, but only for a book Woodward ..

If Adani Group files lawsuit, we will demand company documents: Hindenburg

Hindenburg Research stands by its report on Adani, will seek disclosures in US court proceedings

Twitter faces more lawsuits over unpaid rent for US HQ, UK office

More landlords are taking Twitter to court over unpaid rent at the social media company's headquarters in San Francisco and its British offices the latest legal headaches for billionaire owner Elon Musk, who has been trying to slash expenses. Twitter is facing a lawsuit over allegations it failed to pay rent for its head office, according to California court documents. The owner of its premises in central London, meanwhile, said it's taking the company to court over rental debt. Musk is making extreme cost cuts after his USD 44 billion deal last year to buy Twitter left the company on the hook for about USD 1 billion a year in interest payments. Twitter has already been taken to court this month for falling behind on rent at another San Francisco office. It comes as Musk has been testifying in recent days in a separate class-action lawsuit from Tesla investors alleging his 2017 tweet misled them about funding to take the electric carmaker private. The Tesla CEO's cost-cutting ...