Amazon founder Jeff Bezos’ purchase of a Miami mansion has indirectly led to a $6 million lawsuit. Leo Kryss, the seller of a neighboring mansion, claims that he was misled by Douglas Elliman, the real estate brokerage, about the identity of the buyer and the potential for Bezos to purchase both properties. Kryss alleges that this information would have significantly impacted his decision to accept the offer.
A group of Kappa Kappa Gamma sorority members at the University of Wyoming are suing their sorority for allowing a transgender student to join, arguing that it violates the organization’s founding principles and undermines the purpose of women-only spaces. The lawsuit, which echoes similar concerns raised by Sweet Briar College’s decision to limit admissions to women, highlights the growing tension between gender ideology and traditional values.
The Gross Law Firm is urging shareholders of NANO Nuclear Energy Inc. (NNE) who purchased shares between May 8, 2024 and July 18, 2024, to contact them about a potential class action lawsuit. The complaint alleges that NNE made false statements about its progress towards regulatory approval and its commercialization timelines.
Johnson & Johnson has been ordered to pay $1 billion in damages to Auris Health shareholders for failing to meet commitments in a 2019 acquisition agreement. The Delaware Court of Chancery found that J&J’s actions hindered the development of Auris’ iPlatform technology, which was crucial for earning additional payments to investors.
Singer Barry Manilow is suing Hipgnosis Songs Fund, a Blackstone-owned company, for $1.5 million in unpaid bonus funds related to his 2020 song catalog sale. The lawsuit highlights potential issues in the booming market for song catalog acquisitions, raising questions about the fulfillment of promises made to artists by these companies.
Three major U.S. drug distributors, McKesson, Cencora, and Cardinal Health, have agreed to pay $300 million to settle claims from health insurers and benefit plans. These claims allege the distributors contributed to the opioid epidemic by failing to implement proper controls, leading to an overflow of addictive painkillers into illegal markets. This settlement follows a $21 billion agreement reached earlier with state and local governments.
Hewlett Packard Enterprise (HPE) has announced that it will continue to pursue its claim for damages against the estate of Mike Lynch, the late British tech magnate who died in a yacht accident last month. The company seeks up to $4 billion in damages following a 2022 court ruling that favored HPE in its fraud case against Lynch and his former finance director.
Kenvue, the maker of Tylenol, has successfully defended itself against a lawsuit alleging misleading marketing of ‘Rapid Release’ gelcaps. A federal judge ruled that the lawsuit was preempted by FDA regulations, finding that the agency does not recognize the term ‘rapid release’ for acetaminophen products.
A US judge’s decision in a multidistrict litigation involving diabetes and weight-loss drugs could significantly impact the course of lawsuits against Novo Nordisk and Eli Lilly. The ruling allows for early resolution of key legal questions, potentially streamlining or halting the litigation before it progresses. The plaintiffs claim the drugs caused gastroparesis, but the companies argue their labels adequately warn of potential gastrointestinal side effects.
Paltalk, Inc. (PALT) received a $65.7 million verdict against Cisco Systems, Inc. (CSCO) in a patent infringement lawsuit. Despite the substantial award, Paltalk’s shares are trading lower due to potential post-trial proceedings and significant litigation costs. The company recently reported a decline in revenue and a net loss for the second quarter.
