Theranos Inc. settled a lawsuit alleging the company and its founder, Elizabeth Holmes, defrauded a San Francisco hedge fund into making a $96.1 million investment through “a series of lies,” the company said Monday. Neither Theranos nor the hedge fund that filed the suit, Partner Fund Management LP, disclosed the terms of the settlement. Partner Fund had said it sought to recoup its entire …
After months of customers complaining about how easily clothier LuLaRoe’s buttery soft leggings tear and the filing of a class action lawsuit on March 23, 2017, alleging “defective leggings and other clothing,” LuLaRoe is taking steps to rectify the situation and bolster its reputation. …
The fallout from the disastrous Fyre Festival continued on Sunday (May 1) when attorney Mark Geragos (Chris Brown, Michael Jackson) filed a proposed $100 million class-action lawsuit against organizers on behalf of client Daniel Jung. The suit accuses organizers of fraud, citing the fest’s “lack of adequate food, water, shelter, and medical care created a dangerous and panicked situation among …
The complaint charges the registrant for the Fund, certain of the Fund’s executive officers and/or trustees, the investment advisor to the Fund, Catalyst Capital Advisors, LLC (“Catalyst Advisors”), and the underwriter for the ongoing offering of Fund shares with violations of the Securities Act of 1933. The Fund is a mutual fund that invests primarily in long and short call and put options on …
Government sub-contractor agrees to settle whistleblower allegations of false claims and defective rebar meant for construction of nuclear waste facility. DALLAS, TX and ATLANTA, GA — Energy & Process Corporation (E&P) has agreed to pay the United States $4.6 million to settle whistleblower allegations that the company provided defective rebar for the construction of a government-owned nuclear …
Lifeguards protecting county beaches will no longer be immune to lawsuits. On Thursday, the Senate approved SB 562, which relates to the sunset of Act 170, a measure that protects county lifeguards assigned to any beach from lawsuits. “Act 170 has been a very special honor and recognition for our lifeguards, one not granted to any other professionals.
The legal battle between Apple Inc. (NASDAQ:AAPL) and QUALCOMM, Inc. (NASDAQ:QCOM) continues to heat up, with Apple officially confirming it will no longer pay royalties to the chipmaker until their lawsuit is settled. MacRumors has some notes on the ongoing legal battle: The legal dispute between the two companies follows a complaint filed by the Federal Trade Commission, stating that Qualcomm …
The next time you find yourself driving near a Tesla, give a wide berth to the amazing car of the future. It is still very much of the present. A Davie lawyer, frustrated and alarmed by an autopilot with a mind of its own on his new $108,000 Tesla, is one of the lead plaintiffs in a class action lawsuit against the automaker claiming he was one of 50,000 customers who was sold a “dangerously …
Judicial Watch is suing the Department of Homeland Security (DHS) for emails former Secretary Jeh Johnson and three other top agency officials sent or received from personal email accounts, the nonprofit government watchdog group announced Friday.The lawsuit was filed after DHS produced no records in response to a Dec. 29, 2015, Freedom of Information Act (FOIA) request for the emails. A federal court …
A federal civil rights lawsuit has been filed on behalf of seven individual plaintiffs and four gun rights groups challenging California’s recently-enacted large capacity magazine ban/confiscation scheme. Prior to the passage of SB 1446 last year and voter approval of Prop. 63 in November, Californians could possess large capacity magazines if they owned them before January 1, 2000, when the …