Tag Archives: Case

FREMONT, CA – SEPTEMBER 29: Tesla CEO Elon Musk speaks during an event to launch the new Tesla Model X Crossover SUV on September 29, 2015 in Fremont, California. (Photo by Justin Sullivan/Getty Images) A California jury’s $137 million verdict against Tesla (TSLA) in a racial discrimination case brought by a Black contract worker is notable for its size and because it was a rare employment grievance that played out in public court rather than in a closed-doors arbitration. “The verdict is… Source link

LONDON (AP) — Google is heading to a top European Union court Monday to appeal a record EU antitrust penalty imposed for stifling competition through the dominance of its Android operating system. The company is fighting a 2018 decision from the EU’s executive Commission, the bloc’s top antitrust enforcer, that resulted in the 4.34 billion-euro ($5 billion) fine — still the biggest ever fine Brussels has imposed for anticompetitive behavior. It’s one of three antitrust penalties… Source link

Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo OAKLAND, Calif., Sept 10 (Reuters) – Android app makers suing to stop Alphabet Inc’s (GOOGL.O) Google from siphoning up to 30% of their sales received little reassurance about their chances on Friday as a judge allowed a comparable fee charged by Apple Inc (AAPL.O) to stand. Developers including “Fortnite” maker Epic Games in the last year took aim at the two biggest mobile… Source link

Former Theranos CEO Elizabeth Holmes’ possible defense strategy claiming that her ex-boyfriend and former business partner abused her could benefit her in a high-stakes criminal fraud case, two legal experts told Yahoo Finance. Opening arguments begin Wednesday in a trial that could land her in prison for up to 20 years if she’s convicted of using her blood-testing startup to defraud investors and patients. “I think that [abuse claims] are a possible benefit to her in that if a jury is… Source link

Jury selection begins today in the criminal case against Theranos founder Elizabeth Holmes, who’s accused of defrauding investors and patients through her once-hyped blood-testing startup. Prosecutors and lawyers for Holmes will have to narrow a pool of nearly 200 prospective jurors to 12 who will decide her fate in a case that could potentially land her in federal prison for years. The dozen jurors and five alternates will sit for a closely watched trial expected to last as long as four… Source link

Lawyers on Tuesday are scheduled to begin selecting a jury for the trial to decide the fate of one of Silicon Valley’s most lambasted entrepreneurs, former Theranos CEO Elizabeth Holmes. But it’s not just Holmes who’s on trial — the case could expose the region’s startup business culture to new criticism. Holmes, 37, once proclaimed the youngest female self-made billionaire — and featured in Yahoo Finance’s new original documentary “Valley of Hype,” available to stream at 5 p.m. on… Source link

(Bloomberg) — Alibaba Group Holding Ltd. has fired a manager accused of rape, moving to contain the fallout after an employee’s account of her ordeal went viral on social media and ignited fierce debate about rampant sexism across China’s tech industry. The Chinese internet giant didn’t identify the manager. Li Yonghe, appointed just last month to lead a newly created division overseeing much of Alibaba’s non-retail businesses from food delivery to travel, has resigned alongside his… Source link

The sweeping federal antitrust case against Google has given rise to a significant fight over data held by Microsoft, and the company is now facing a subpoena for millions of documents that could shed light on its attempts to compete with Google’s search engine. Having initially cooperated with prosecutors in building an antitrust case against Google, Microsoft could be obligated to produce millions more documents at the request of Google’s defense team. At a status hearing on Friday… Source link

Student borrowers with certain types of private loans inched closer to being able to discharge that debt in bankruptcy after a New York court ruling. On Thursday, the U.S. Court of Appeals for the Second Circuit sided with student debtor Hilal Homaidan against student loan giant Navient (NAVI), which had argued that private student loans could not be erased under the existing bankruptcy laws. A three-judge panel determined that certain private student loans can be discharged in certain cases… Source link

A nurse works on a patient in the ICU (Intensive Care Unit) on January 7, 2020. Victoria Jones/PA Images via Getty Images A 90-year-old Belgian woman died in March after contracting two coronavirus strains at the same time. The woman, who had both the UK and South African variant, died five days after getting sick. Researchers say the case is the first of its kind, but warn there could be more. See more stories on Insider’s business page. A 90-year-old Belgian woman who died from COVID-19 in… Source link