US District Judge William Alsup said that he would tentatively approve the deal, which would see Pinterest commit $50 million to diversity, equity and inclusion (DEI) initiatives over a decade-long period. However, Alsup said he believes other shareholders should have the opportunity to decide whether it requires an enforcement mechanism. In 2020, a lawsuit, filed […]
On Wednesday, US District Judge Valerie Caproni in Manhattan said convicted murderer Henry Franklin could pursue a proposed class action after he was turned down from a grocery delivery position at Cornucopia Logistics, which serves Amazon and Whole Foods. After a background check, Amazon determined that Franklin had lied on a 2019 job application by […]
In a statement, Washington DC Attorney General Karl Racine’s office said, "Google falsely led consumers to believe that changing their account and device settings would allow customers to protect their privacy and control what personal data the company could access.” The statement went on to say that the tech giant “continues to systematically surveil customers […]
Girish Pashilkar, CEO of BP Logix, shares his opinion on why employer inaction is not an option when it comes to Covid-19 vaccination and testing rules. On Jan. 13, the U.S. Supreme Court reinstated the stay on the Federal Occupational Safety and Health Administration’s (OSHA) Emergency Temporary Standard (ETS) on COVID-19 vaccination and testing, which […]
Back in November, the US Supreme Court rejected the car giant’s bid to avoid lawsuits filed by officials in three states including Ohio. Volkswagen’s US subsidiary argued that, under the Clean Air Act, emissions claims can only be pursued by the federal government. The car giant also said that it had already reached a more […]
Coffeehouse chain Starbucks has suspended its Covid-19 vaccine-or-test requirement for US employees. The move follows a ruling to block vaccine mandates for large businesses by the US Supreme Court earlier this month. Previously, Starbucks had said it would require its 220,000 US employees to be fully vaccinated against Covid-19 or take weekly Covid-19 tests. However, […]
The Microsoft-Activision deal is not only Microsoft’s largest-ever deal but also the largest-ever transaction in the video gaming sector, further boosting the tech giant in its competition against gaming sphere leaders Sony and Tencent. According to the firm, the Simpson Thacher attorneys advising Microsoft include M&A partners Alan Klein, Anthony Vernace, and William Allen. The […]
On Tuesday, Tesla shareholders urged a judge to find that CEO Elon Musk coerced the company’s board into a 2016 deal with SolarCity. They have asked that Musk be ordered to pay the EV company $13 billion.
On Tuesday, drugmaker Endo International said it had agreed to pay up to $65 million to resolve claims by the state of Florida and local governments that it had contributed to the US opioid epidemic. The deal comes as one of many in recent months as the drugmaker works to resolve several similar cases. In […]
Biden voiced his disappointment with the conservative-majority court’s Thursday decision to halt the rule requiring vaccines or weekly coronavirus tests for staff at businesses with 100 or more employees. The President said it is now up to states and employers to decide whether or not to make vaccination mandatory. The Supreme Court ruled 6-3 in […]
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