(Law360) The Federal Trade Commission filed suit Wednesday against Edwards Lifesciences Corp. over the company’s proposed $945 million purchase of JenaValve Technology Inc., arguing the deal would give Edwards control over both of the only firms with ongoing U.S. clinical (…)
(JD Supra) How many U.S. taxpayers and expatriates may need to file offshore disclosures and FBARs with the IRS? Should those who have not yet filed a disclosure application utilize the VDP (Voluntary Disclosure Program) or a streamlined application through (…)
(Reuters) -Justin Sun’s crypto platform, Tron, has reached a deal with Nasdaq-listed company SRM Entertainment under which it will buy tokens, be renamed Tron Inc and have Sun join the company as an adviser, SRM said on Monday. SRM’s statement (…)
(Reuters) -Anne Wojcicki is set to regain control of 23andMe after a $305 million bid from a nonprofit she controls topped Regeneron Pharmaceuticals’ offer for the DNA-testing company in a bankruptcy auction. Last month, Regeneron agreed to buy the firm (…)
(Reuters) -McDonald’s has settled a $10 billion lawsuit by the media entrepreneur Byron Allen accusing the fast-food chain of “racial stereotyping” by excluding Black-owned media from much of its advertising budget. Friday’s settlement between McDonald’s and two of Allen’s companies, (…)
(Reuters) A Skechers USA shareholder has sued the footwear maker for more details about its $9.4 billion buyout by private equity firm 3G Capital, saying the decision by Skechers’ founder and controlling shareholder to sell raises “red flags.” According to (…)
(Westlaw) A Tennessee federal judge has granted preliminary approval to an $11.8 million settlement between Evolve Bank & Trust and a class of customers whose personal information was exposed in a 2024 data breach. In re Evolve Bank & Trust (…)
(Reuters) Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle shareholder litigation accusing the search engine company of antitrust violations, settlement papers show. The preliminary settlement of so-called derivative litigation against officials at (…)
(Reuters) The Financial Industry Regulatory Authority got a bit of good news on Monday, courtesy of the nation’s highest court as anorder listposted to the U.S. Supreme Court’s website on June 2 indicated that Alpine Securities Corp.’s petition for a (…)
(Reuters) Sebastian Mejia died in the shower of an Airbnb rental in Brazil in 2022, the alleged victim of carbon monoxide poisoning from a faulty water heater. A Fulbright scholar, the 24-year-old Florida native was studying the country’s indigenous communities. (…)