Litigation
New York (AFP) - Some 430 Americans of Yazidi background and Nobel laureate Nadia Murad accused French conglomerate Lafarge of supporting brutal attacks on the population through a conspiracy with the Islamic State, according to a complaint reviewed Friday by AFP. The civil suit, filed in a New York court by attorneys that include human rights lawyer Amal Clooney references a $778 million US Department of Justice fine and guilty criminal plea in October 2022 by Lafarge, which was acquired by Swiss company Holcim in 2015. Yazidi plaintiffs asked the court to find Lafarge liable for violations o...
AFP
New York (AFP) - New York state sued PepsiCo on Wednesday, pointing to the soda giant's plastic waste as a scourge of waterways and blasting the company's "misleading" statements on the environment. The civil suit, filed by New York Attorney General Letitia James in the state Supreme Court, seeks a finding that PepsiCo contributed to a "public nuisance" in the Buffalo River; the imposition of financial penalties and compensatory damages on the company; and an order that PepsiCo cease the sale of single-use plastic on goods that do not warn of the environmental ills. "All New Yorkers have a bas...
AFP
New York (AFP) - JPMorgan Chase announced Tuesday that it will pay $75 million to settle a US Virgin Islands' (USVI) lawsuit that accused the bank of facilitating Jeffrey Epstein's sex trafficking ring. The big US bank, which previously reached a $290 million settlement with Epstein's victims, also announced an agreement with former JPMorgan executive Jes Staley for an undisclosed sum. These cases together resolve the bank's remaining litigation over its embarrassing long-running association with the late Epstein. The agreement with the USVI came a few weeks ahead of a scheduled trial in New Y...
AFP
New York (AFP) - JPMorgan Chase announced Tuesday that it will pay $75 million to settle a US Virgin Islands' (USVI) lawsuit that accused the bank of facilitating Jeffrey Epstein's sex trafficking ring. The big US bank, which previously reached a $290 million settlement with Epstein's victims, also announced an agreement with former JPMorgan executive Jes Staley for an undisclosed sum. These cases together resolve the bank's remaining litigation over its embarrassing long-running association with the late Epstein. The agreement with the Virgin Islands came a few weeks ahead of a scheduled tria...
AFP
Washington (AFP) - The US Supreme Court threw Purdue Pharma's $6 billion opioids settlement into question Thursday, accepting a challenge to the deal's immunizing the Sackler family, which controlled the drugmaker, from future litigation. The court agreed to hear the Justice Department's challenge, which argued that the Sacklers, who earned tens of billions of dollars flooding the country with highly addictive opioids, could not legally gain sweeping protection in the settlement. The high court set a December 2023 date for hearing the case, meaning a much longer wait for states and communities...
AFP
New York (AFP) - GlaxoSmithKline sued Pfizer on Wednesday over patent infringement, alleging the US drugmaker's RSV vaccine steals key elements of the British company's version. The case, filed in federal court in the state of Delaware, pits the producers of the only two approved vaccines for respiratory syncytial virus (RSV) against each other. The United States on May 3 approved GSK's Arexvy as the first vaccine for RSV; that was followed on May 31 with US approval of Pfizer's Abrysvo. Both vaccines have since been approved by the European Union. "Upon information and belief, Pfizer knowing...
AFP
New York (AFP) - Amazon tricked consumers into subscribing to its "Prime" service and intentionally complicated the cancelation process, according to a US lawsuit against the retail giant filed Tuesday. The Federal Trade Commission's lawsuit against Amazon includes four civil charges against the company over "manipulative, coercive or deceptive user-interface" and seeks a permanent injunction on the conduct, as well as monetary penalties. The Prime service costs shoppers $14.99 per month or $139 annually in exchange for perks such as free shipping and access to Amazon entertainment shows and m...
AFP
New York (AFP) - In their second major action against a big crypto player in two days, US regulators sued Coinbase on Tuesday, alleging its failure to register as a securities exchange venue exposed investors to risk. The Securities and Exchange Commission charged that the largest digital currency trading platform in the United States had made billions of dollars by "unlawfully facilitating the buying and selling of crypto asset securities." Shares of Coinbase tumbled on news of the lawsuit, which comes on the heels of charges unveiled Monday against cryptocurrency exchange Binance and founder...
AFP
New York (AFP) - US securities regulators sued Coinbase on Tuesday, alleging that the cryptocurrency platform's failure to register as a securities exchange venue exposed investors to risk. The complaint -- which sent Coinbase shares sharply lower -- comes on the heels of Securities and Exchange Commission (SEC) charges filed Monday against cryptocurrency exchange Binance and founder Changpeng Zhao for numerous securities law violations, including running an unregistered national securities exchange. "Since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying...
AFP
New York (AFP) - US authorities on Monday charged cryptocurrency giant Binance with securities law violations that collectively amounted to what they called "an extensive web of deception" and "calculated evasion of the law." Binance, the world's largest cryptocurrency exchange, is alleged to have permitted US residents to trade, even though the platform is not registered in the United States as a securities exchange. The case also alleges Binance misused customer funds. The Securities and Exchange Commission filed a civil complaint listing 13 charges involving platforms and other investment ...
AFP
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