On Thursday, JetBlue Airways Corp triumphed in long-running bidding war for Spirit Airlines Inc after the company accepted JetBlue’s $3.8 million buyout offer. JetBlue confirmed the deal just a day after Spirit abandoned its $2.7 billion merger deal with Frontier Group Holdings. The acquisition of Spirit by JetBlue would see the creation of the fifth-largest […]
On Wednesday, the US Federal Trade Commission (FTC) sought a court order to block Facebook parent Meta Platforms from purchasing virtual reality (VR) firm Within Unlimited. The FTC filed a request in a federal court in San Francisco for a temporary restraining order and a preliminary injunction against the tech giant, calling it a “global […]
Google is set to face a trial in London over an estimated £920 million ($1.1 billion) damages claim after a court gave the go-ahead to a lawsuit that claims the tech giant overcharged 19.5 million customers for app store purchases. The class action was certified by the Competition Appeal Tribunal on Monday. It claims Google […]
British supermarket chain Tesco has won a legal battle over its use of “fire and rehire” tactics. The decision could pave the way for other employers to use the controversial strategy. Tesco had previously been prevented from using “fire and rehire” following a case brought on behalf of 42 of its warehouse employees, who accused […]
US drugstore chain Rite Aid Corp has signed a $10.5 million settlement with counties in three states, exempting it from the next round of trials stemming from the country’s opioid epidemic. Georgia's Cobb County, North Carolina's Durham County, and Ohio's Montgomery County will each receive a $3.5 million payment from Rite Aid. The payments will […]
More and more General Counsels are taking direct responsibility for the leadership of ESG programmes. Even if not your direct responsibility, you have a seat at the table and the ability to influence how your organisation thinks about this issue. Here are five fundamental shifts in mindset that corporate leadership must make to be successful […]
On Thursday, Elon Musk’s Tesla asked a US court to dismiss a lawsuit claiming the luxury EV maker violated federal law by letting hundreds of employees go without providing advance notice. In a filing, Tesla argued that the terminated employees had signed valid agreements to bring employment-related legal disputes in arbitration and to refrain from […]
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