BREAKING: Jury Squashes Pom's $77M Claim Coke Tricked Juice Buyers
A California federal jury on Monday cleared The Coca-Cola Co. of Pom Wonderful LLC’s claim that the beverage giant owed Pom $77.5 million for stealing its business by tricking consumers with a pomegranate juice product that was mostly apple and grape juices.
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BREAKING: Hulk Hogan's Award Jumps To $140M In Gawker Sex Tape Trial
A Florida jury heaped another $25 million in punitive damages onto its already-staggering $115 million privacy and publicity verdict against Gawker, its founder and a former editor on Monday for the gossip website's publication of a secretly recorded video of wrestling icon Hulk Hogan having sex.
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Feds Launch Long-Awaited HIPAA Audits
After years of anticipation, federal regulators on Monday launched a new round of audits to gauge compliance with patient privacy provisions of the Health Insurance Portability and Accountability Act.
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Valeant Replacing CEO After Stock Drops, Investigations
Valeant Pharmaceuticals International Inc. on Monday said it has started a search to replace its CEO following several disastrous months of controversy that led to the company’s market value being sliced in half overnight.
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Tribune Co. Can't Stop Newspaper Sale To Rival Bidder
A California bankruptcy judge on Monday approved the sale of Freedom Communications Inc.’s assets to Digital First Media over objections by Tribune Publishing Co., which won the auction for the newspaper conglomerate’s assets last week but saw the deal fall through in light of a U.S. Department of Justice antitrust suit.
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PetroChina Dodges Bribery Action In 2nd Circ.
The Second Circuit on Monday said it would not revive an investor class action accusing Chinese oil and gas company PetroChina of concealing a widespread corruption scheme that prompted criminal charges against several executives.
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DraftKings, FanDuel Agree To Stop Paid Contests In NY
DraftKings and FanDuel have agreed to stop operating paid contests in New York under agreements reached with New York Attorney General Eric Schneiderman on Monday to expedite enforcement actions against the companies after the attorney general hit them with cease-and-desist letters last month.
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