Former Theranos CEO Elizabeth Holmes Friday was sentenced in San Jose, CA by US District Judge Edward Davila to 135 months (11.25 years) in prison and three years of supervised release following her prison sentence. Judge Davila also ruled that $121 million is the reasonable total loss to investors in the consumer healthcare technology startup that claimed its [...]
Group of 20 (G20) leaders Wednesday condemned and deplored Russian aggression in Ukraine in a declaration at the conclusion of the 17th G20 Heads of State and Government Summit in Bali. The G20 leaders also demanded Russia’s “complete and unconditional withdrawal from” Ukraine, emphasizing the vitality of “peaceful resolution of conflicts, efforts to address crises, [...]
Attorneys general in 40 states Monday announced a $391.5 million, multi-state settlement with Google over the company’s location tracking practices. The agreement marks the largest US privacy settlement in history. Authorities allege that Google’s collection of location information violated the participating states’ consumer protection laws because “Google misled its users into thinking they had turned [...]
US District Judge for the Northern District of California Charles Breyer Wednesday granted final approval of Volkswagen and Porsche’s $80 million settlement of a class action lawsuit. The companies were accused of manipulation of fuel economy and fuel emission tests for nearly 500,000 gasoline-powered Porsche class vehicles with a model year between 2005-2020. Judge Breyer [...]
CVS Health Co. (CVS) and Walgreens Co. (Walgreens), a subsidiary of its parent company Walgreens Boots Alliance, Inc., Wednesday, announced that each company reached a preliminary settlement deal totaling approximately $10 billion in order to end thousands of lawsuits related to ongoing opioid-related litigation. As part of its settlement, beginning in 2023, CVS will pay a total [...]
The US Department of Justice (DOJ) Monday charged Californian David Wayne DePape with federal assault and kidnapping for allegedly attacking Paul Pelosi, US House Speaker Nancy Pelosi’s husband. Depape was arrested on Friday. The DOJ’s criminal complaint details that San Francisco Dispatch received a 911 call from Mr. Pelosi who stated a male named David, [...]
The US Securities and Exchange Commission (SEC) Wednesday adopted compensation recovery listing standards and disclosure rules which will “require issuers to develop and implement a policy providing for the recovery of erroneously awarded incentive-based compensation received by current or former executive officers.” The SEC stated that the rule applies even if the public company executive [...]
A Jackson County, Michigan, Jury Wednesday convicted Joseph Morrison, Pete Musico and Paul Bellar for felony charges related to their 2020 plot to kidnap Michigan Governor Gretchen Whitmer from her summer home. As the jury read its verdict, Bellar appeared in court, and Morrison and Musico appeared virtually via Zoom, as they recently tested positive for [...]
Former Minneapolis police officer J. Alexander Kueng Monday pleaded guilty to aiding and abetting second-degree manslaughter for his involvement in the death of George Floyd, the Associated Press reported. At a later date, Kueng will be sentenced to 42 months in prison served concurrently with his existing three-year federal sentence for violating Floyd’s constitutional rights. Kueng aided [...]
Extense Thursday organised The 1% Study Report Launch, a virtual panel event discussing The 1% Study and its findings that brought to light the under-representation of minorities within the UK legal profession. The total population of the UK, according to the 2011 Census, comprises of only 3.3% Black ethnic groups out of 56.1 million people [...]
