Tag Archives: Dismissal

Cannabis producer Tilray wins dismissal of shareholder lawsuit in New York

By Jonathan Stempel NEW YORK, Sept 27 (Reuters) – A U.S. judge on Monday dismissed a lawsuit accusing Tilray Inc , the world’s largest cannabis producer by sales, of fraudulently overstating the value of a marketing and revenue-sharing agreement with Authentic Brands Group Inc. U.S. District Judge Paul Crotty in Manhattan said shareholders failed to show that the Canadian company exhibited “conscious misbehavior or recklessness” in trumpeting the agreement, when it knew that regulatory… Source link

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Facebook wins dismissal of FTC’s antitrust case, for now

A judge on Monday dismissed the Federal Trade Commission’s (FTC) antitrust lawsuit against Facebook and a separate antitrust lawsuit brought by dozens of attorneys general. Both suits alleged the social media giant is violating antitrust law by buying up competitors and depriving consumers of alternatives that would better protect their privacy. Facebook’s (FB) stock price was higher in late-afternoon trading, pushing the company’s market valuation past $1 trillion for the first time. The FTC… Source link

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Google Chief Apologizes for A.I. Researcher’s Dismissal

Sundar Pichai, chief executive of Google’s parent company Alphabet, apologized for the departure of a prominent artificial intelligence researcher, whose exit has roiled the company’s work force and raised questions about its stated commitment to diversity and the responsible development of A.I. technology. In an email to employees on Wednesday, Mr. Pichai, however, stopped short of saying that the company was wrong in how it hastened the resignation of Timnit Gebru, who was a co-leader… Source link

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