Capital One-Discover Deal Hits Roadblock in Bank Merger Overhaul
That compares to 99 deals worth $4.15 billion in all of 2023, the lowest level since at least 2000. The Capital One-Discover deal will be the biggest test for the new bank review regime, particularly if there’s a difference of opinion between the federal banking regulators and the Justice Department, Van Tol said.
Biden's Overtime Rule Faces Trouble Despite Fifth Circuit Nod
The new Biden rule will eventually raise the salary piece of that test to $58,656 in January, making an estimated 4 million workers newly eligible for time-and-a-half-pay. It would also automatically update every three years. The value of the US dollar has shifted since 2016. According to the Bureau of Labor Statistics, $47,476 in 2016 amounts ...
DOJ Targets Google’s AI Position After Search Monopoly Ruling
Oct 11, 2024 · Justin Wise. The Justice Department is taking aim at Google’s position in the generative AI field as it tries to leverage a court ruling that the tech giant is an unlawful monopolist in online search. Any potential remedies stemming from the August ruling must account for the substantial impact that artificial intelligence will likely have on ...
RFK Jr. Wins Deferred Injunction in Vax Social Media Suit (1)
Feb 15, 2024 · Peter Hayes. Robert F. Kennedy Jr. won a preliminary injunction against the White House and other federal defendants in his suit alleging government censorship of his statements against vaccines on social media. The injunction, however, will be stayed until the US Supreme Court rules in a related case brought by Missouri and Louisiana.
Yellow’s Loss in Pension Battle Tees Up New Phase of Bankruptcy
Judge Craig T. Goldblatt of the US Bankruptcy Court for the District of Delaware on Sept. 13 rejected Yellow’s challenges to the regulatory power of the Pension Benefit Guaranty Corp. The company had disputed the agency’s authority in hopes of getting its pension liability slashed or eliminated. The decision brought clarity to what Yellow ...
Fidelity Sued for Hack Exposing 77,000 Clients’ Finance Data (1)
Oct 16, 2024 · COURT: D. Mass. TRACK DOCKET: No. 1:24-cv-12625 (Bloomberg Law subscription) Fidelity Investments’ failure to adequately secure its computer systems led to an August data breach exposing the sensitive personal and financial data of more than 75,000 clients, a proposed class action said. The company, also known as Fidelity Management ...
Florida Map That Eliminated Black District Deemed Constitutional
Dec 1, 2023 · Documents. Florida Gov. Ron DeSantis’ Republican-favoring congressional map was upheld by a state appeals court Friday, with judges rejecting claims that state lawmakers discriminated against Black voters. Voting rights groups unsuccessfully argued that DeSantis’ map violated a provision of the Florida Constitution, which seeks to protect ...
Social Media Addiction Bid Gets Skeptical Judge Hearing
Oct 11, 2024 · Social media giants, including Meta Platforms Inc., Snap Inc., TikTok Inc., and Google LLC, asked Judge Carolyn B. Kuhl in a demurrer hearing to scrap several plaintiffs’ non-product negligent failure-to-warn claims that seek to hold platforms accountable for youth addiction. But Kuhl pushed back on attorney David Mattern’s argument that ...
Warner Bros.' Discovery Merger $125 Million Settlement Approved
Oct 10, 2024 · Advance/Newhouse will pay bulk of $125 million cash accord. The Delaware Chancery Court signed off Thursday on a $125 million cash settlement for investors who challenged Discovery Inc.‘s $43 billion merger with AT&T Inc.‘s WarnerMedia unit. “I thought this was a great settlement,” Vice Chancellor J. Travis Laster said in a brief bench ...
Boy Scouts Says Bankruptcy Plan Is Unaffected By Purdue Ruling
Aug 8, 2024 · Reporter. Boy Scouts’ abuse settlement should remain intact, group says. Appeal focused on nonconsensual third party liability releases. The US Supreme Court’s ruling overturning Purdue Pharma LP’s bankruptcy plan and $6 billion Sackler family settlement should have no effect on the Boy Scouts bankruptcy case, the youth organization said.