All articles tagged with #businesslaw
The 2024 Am Law 100 ranking by gross revenue shows six of the top 10 firms remaining the same, with Kirkland & Ellis leading the list followed by Latham & Watkins, DLA Piper, Baker McKenzie, Skadden, Arps, Slate, Meagher & Flom, and Sidley Austin.
Walmart has agreed to pay $45 million to settle a class action lawsuit alleging that customers who purchased certain weighted meat, seafood, and bagged citrus products at its stores paid more than the lowest advertised price. Impacted consumers can now submit claims for cash payments, with amounts varying based on proof of purchase. The deadline to submit a claim is June 5, and payments will be made electronically or by check.
A judge has ordered Elon Musk to testify for a third time in the SEC's investigation into his $44 billion purchase of Twitter in 2022. The judge's order comes after Musk resisted the subpoena, arguing that the SEC's investigation is baseless and harassing. The SEC has been conducting a fact-finding investigation into the period before Musk's Twitter takeover, and Musk has already testified twice in the case. The SEC has received thousands of new documents, including hundreds from Musk, and the agency has not concluded any federal securities laws were violated.
A federal court has ordered Elon Musk to comply with a subpoena from the Securities and Exchange Commission (SEC) as part of an investigation into his 2022 Twitter stock purchases and related statements. The court rejected Musk's claims of harassment and exceeding authority, stating that the SEC has broad authority to issue subpoenas and that minimal relevance is needed to enforce it. Musk's argument on SEC authority was also rejected, and the court ordered the SEC and Musk to settle on a date and location for the testimony within one week.
Preet Bharara, former US attorney for the Southern District of New York, reflects on his career, mistakes, and the consequences of bad decisions, offering advice for financial professionals and sharing thoughts on Donald Trump.
A federal judge has ruled in favor of the SEC, ordering Elon Musk to provide additional testimony in their investigation of his 2022 Twitter acquisition, despite his refusal and claims of harassment. The SEC aims to question Musk about new information and potential discrepancies in his previous statements and actions leading up to the purchase. Musk's defense is that the SEC is acting unconstitutionally and violating his free speech.
A federal judge has ordered Elon Musk to testify in the SEC's investigation of his $44 billion takeover of Twitter, giving both parties a week to agree on a date and location for the interview. The SEC is examining whether Musk followed the law when filing paperwork about his Twitter stock purchases and whether his statements were misleading. Musk had previously refused to attend an interview as part of the probe, accusing the SEC of harassment, but the judge rejected his argument, stating that the SEC had the authority to issue the subpoena. If an agreement on the interview cannot be reached, the judge will decide for them. This legal friction stems from previous SEC action against Musk for a tweet in 2018 and an alleged breach of a provision in 2019.
A federal court in California is enforcing a subpoena for Elon Musk to testify before the SEC regarding potential violations of federal securities laws in connection with his purchase of Twitter, after Musk's refusal to appear. The SEC has received "thousands of new documents" and wants to ask Musk about new information. Musk refutes the grounds for the SEC's investigation, claiming it seeks irrelevant information, and contends that the subpoena exceeds the SEC's authority, but the court denied this, saying the subpoena is authorized by the Exchange Act.
SpaceX has filed a lawsuit against the National Labor Relations Board (NLRB), challenging the constitutionality of the board's structure after the NLRB accused the company of unlawfully firing eight employees over a letter critical of CEO Elon Musk. SpaceX argues that the NLRB's internal judges and lack of oversight violate its constitutional right to a jury trial. The NLRB has sought reinstatement and backpay for the employees, while SpaceX contends the firings were due to policy violations. The NLRB, responsible for protecting workers' rights, has not commented on the lawsuit.
The U.S. National Labor Relations Board (NLRB) has filed a complaint against SpaceX, accusing the company of illegally firing eight employees who criticized CEO Elon Musk in an open letter and raised concerns about the company's handling of sexual harassment allegations. The letter, which followed reports of Musk's alleged sexual misconduct, claimed his public behavior was a source of distraction and embarrassment, conflicting with SpaceX's internal policies. The NLRB alleges that SpaceX management interrogated and coerced the employees before terminating them. A hearing is set for March 5, 2024, if no settlement is reached. Musk, who portrays himself as a free speech advocate, has been accused of suppressing critical speech in his companies.
The National Labor Relations Board (NLRB) has accused SpaceX of illegally firing eight employees who criticized CEO Elon Musk in a letter, claiming the company violated federal labor laws. The letter criticized Musk's tweets and called for the company to address issues of diversity and workplace misconduct. The NLRB complaint also alleges that SpaceX interrogated and disparaged employees involved with the letter. If the case is not settled, it will proceed to a hearing on March 5. This incident adds to a series of accusations against Musk-led companies for violating labor and employment laws.
SpaceX is facing allegations from the National Labor Relations Board (NLRB) for illegally firing eight employees in retaliation for an internal letter that criticized CEO Elon Musk's behavior on social media. The NLRB claims the company engaged in unlawful interrogation, surveillance, and threats against workers who participated in collective action. A trial is set for March 5, and the NLRB has the power to order reinstatement and back pay for the fired workers. This is part of a pattern of accusations against Musk's companies for attempting to silence workers' protected speech.
The National Labor Relations Board (NLRB) has issued a complaint against SpaceX, alleging that the company illegally fired eight employees for circulating an open letter criticizing CEO Elon Musk's social media behavior and calling for the company to distance itself from Musk's personal brand. The NLRB claims SpaceX interfered with employees' rights under the National Labor Relations Act, including surveillance of protected activities and implied threats of termination. Remedies sought include managerial training on the act and apologies to the fired employees, with a hearing scheduled for March 5. SpaceX has yet to respond publicly to the complaint.
SpaceX is facing allegations of unlawfully terminating employees who were critical of CEO Elon Musk. The accusations suggest that the company may have violated labor laws by dismissing workers for expressing their views, potentially leading to legal scrutiny and challenges for SpaceX's employment practices.
The National Labor Relations Board (NLRB) has accused SpaceX of wrongfully terminating eight employees who criticized CEO Elon Musk's public behavior in an open letter, which they claim was damaging the company's reputation. The NLRB's complaint also includes allegations of interrogation, surveillance, and threats towards workers. SpaceX is now facing the possibility of a settlement or a hearing before an administrative law judge if no settlement is reached.