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December 14, 2019
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Judicial Process / Court Cases / Court Decisions

Reuters - Business

U.S. Justice Department preparing legal action against Live Nation: source

Reuters
FILE PHOTO: A general view of the Department of Justice building is seen in Washington, U.S., April 18, 2019. REUTERS/Amr Alfiky (Reuters) – The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment (LYV.N) on allegations the concert promoter has sought to strong-arm concert venues into...
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California governor rejects PG&E bankruptcy reorganization plan

Reuters
FILE PHOTO: California governor Gavin Newsom speaks at a news conference in San Diego, California, U.S. October 9, 2019. REUTERS/ Mike Blake (Reuters) – California Governor Gavin Newsom on Friday rejected the bankruptcy reorganization plan submitted by PG&E Corp (PCG.N), the state’s largest investor-owned utility, saying the proposal fails to...
Reuters - Business

California governor to decide on PG&E bankruptcy plan

Reuters
(Reuters) – California Governor Gavin Newsom was expected to decide late on Friday whether a bankruptcy reorganization plan submitted by PG&E Corp (PCG.N), the state’s largest investor-owned utility company, complies with a recently enacted state wildfire law. FILE PHOTO: California governor Gavin Newsom speaks at a news conference in San...
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Canadian regulator dismisses Catalyst request for cease trade order on Hudson’s take private deal

Reuters
FILE PHOTO: A man exits a Hudson’s Bay department store in Toronto, Ontario, Canada June 6, 2016. REUTERS/Chris Helgren/File Photo (Reuters) – Canadian financial regulator the Ontario Securities Commission said on Friday it has dismissed a request by Catalyst for a cease trade order relating to proposed take-private deal of...
Reuters - Business

Uber submits appeal to regain London taxi license

Reuters
LONDON (Reuters) – Uber submitted an appeal on Friday against a decision by London’s transport regulator to strip the taxi app of its right to operate in one its most important markets, setting up a potentially lengthy legal process during which it can continue to take rides. FILE PHOTO: A...
Reuters - Business

Facebook, privacy activist Schrems battle nears end on Dec. 19

Reuters
BRUSSELS (Reuters) – Austrian privacy activist Max Schrems’ seven-year battle against Facebook reaches a crucial point on Dec. 17 when an adviser to Europe’s top court will issue his view on whether tools used by companies to transfer data abroad are legal or not. FILE PHOTO: Facebook logos are seen...
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Bristol-Myers wins $752 million in U.S. patent case against Gilead

Reuters
FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured on the blouse of an employee in Le Passage, near Agen, France March 29, 2018. REUTERS/Regis Duvignau (Reuters) – Bristol-Myers Squibb Co (BMY.N) on Friday said it won a $752 million jury verdict against Gilead Sciences Inc (GILD.O) in...
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U.S. prosecutor calls on UAW to cooperate, probe may widen

Reuters
DETROIT (Reuters) – The U.S. Attorney leading the investigation of corruption within the United Auto Workers (UAW) told Reuters on Friday the union’s leadership still is not fully cooperating with the government, but that individuals are giving federal investigators tips that could expand the probe. FILE PHOTO: United Auto Workers...
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T-Mobile CEO takes the stand in T-Mobile/Sprint merger trial

Reuters
FILE PHOTO: T-Mobile US Inc Chief Executive Officer John Legere arrives at Manhattan Federal Court during the T-Mobile/Sprint federal case in New York, U.S., December12, 2019. REUTERS/Shannon Stapleton (Reuters) – T-Mobile US Inc (TMUS.O) Chief Executive John Legere testified on Friday that he believes U.S. regulators considered Dish Network’s (DISH.O)...
Reuters - Business

California power producer PG&E files amended reorganization plan

Reuters
FILE PHOTO: Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the Camp Fire in Paradise, California, U.S., November 14, 2018. REUTERS/Terray Sylvester/File Photo (Reuters) – California’s power producer PG&E Corp (PCG.N) said late on Thursday that it has filed for an amended reorganization plan, adding that...
Reuters - Business

‘Out of market today’: Australia brandishes four words crucial to case against Citi, Deutsche

Reuters
SYDNEY (Reuters) – A four-word handwritten note by a JPMorgan Chase & Co (JPM.N) banker has been seized by Australian prosecutors as fundamental to a criminal cartel prosecution against Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE), a court heard on Friday. FILE PHOTO: The logo of Dow Jones Industrial...
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Beijing’s legal influence triggers disquiet in Hong Kong financial sector

Reuters
HONG KONG (Reuters) – When China’s top legislature criticized a Hong Kong court’s rejection of a face mask ban there, some global firms began to fear the potential for mainland interference in commercial contracts, lawyers and finance executives said. FILE PHOTO: Demonstrators wear face masks during an anti-government protest in...
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U.S. labor board approves McDonald’s bid to settle case by franchise workers

Reuters
(Reuters) – A U.S. labor board on Thursday approved McDonald’s Corp’s (MCD.N) proposed settlement of a major case, allowing the fast-food company to avoid a ruling on whether it is a “joint employer” at its franchises and could be made to bargain with unions. FILE PHOTO: McDonald’s employees take orders...
Reuters - Business

U.S. regulator weighs action against Facebook over how its apps interact -report

Reuters
(Reuters) – The U.S. Federal Trade Commission is considering seeking a preliminary injunction against Facebook Inc (FB.O) because of concerns that policies about how its apps interact violate antitrust law, The Wall Street Journal reported on Thursday, citing people familiar with the matter. FILE PHOTO: Facebook logos are seen on...
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Nokia, Daimler, others agreed to mediation to resolve licensing dispute

Reuters
FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo BRUSSELS (Reuters) – Nokia, German carmaker Daimler and several car parts suppliers have agreed to independent mediation to resolve their technology licensing dispute, the Finnish telecoms equipment maker...
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Huawei’s CFO wins Canada court fight to see more documents on her arrest

Reuters
(Reuters) – Lawyers for Huawei’s chief financial officer have won a court battle after a judge asked Canada’s attorney general to hand over more evidence and documents relating to the arrest of Meng Wanzhou, according to a court ruling released on Tuesday. FILE PHOTO: Huawei Technologies Chief Financial Officer Meng...
Reuters - Business

Huawei’s CFO wins Canada court fight to see more documents related to her arrest

Reuters
FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to appear in British Columbia supreme court for a hearing, in Vancouver, British Columbia, Canada September 30, 2019. REUTERS/Lindsey Wasson (Reuters) – Lawyers for Huawei’s chief financial officer won a court battle when a judge asked Canada’s attorney...
Reuters - Business

Exxon Mobil scores win in New York climate change lawsuit

Reuters
NEW YORK (Reuters) – Exxon Mobil Corp won a major victory in a closely-watched lawsuit on Tuesday when a judge ruled that the company did not defraud investors out of up to $1.6 billion by hiding the true cost of climate change regulation. FILE PHOTO: A logo of Exxon Mobil...
Reuters - Business

Exxon wins climate change lawsuit, as cases over global warming proliferate

Reuters
(Reuters) – Exxon Mobil Corp on Tuesday scored a win in a closely-watched case after a judge ruled that the company did not hide the true cost of climate change regulation from investors. The case, brought by the New York Attorney General, is one of dozens of lawsuits in the...
Reuters - Business

Exclusive: Malaysia’s Mahathir hopeful of 1MDB settlement with Goldman soon

Reuters
KUALA LUMPUR (Reuters) – Malaysian Prime Minister Mahathir Mohamad is hopeful of reaching an out-of-court settlement with Goldman Sachs (GS.N) over the 1MDB scandal soon, but that compensation of “one point something billion” dollars offered by the bank was too small. The Southeast Asian nation has charged Goldman and 17...

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