LEGAL

Bankman-Fried, Tom Brady and Other FTX Celebrity Promoters Sued by Crypto Investors

Bankman-Fried, Tom Brady and Other FTX Celebrity Promoters Sued by Crypto Investors

Nov 16 (Reuters) – U.S. crypto investors have sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange, including NFL quarterback Tom Brady and comedian Larry David, claiming that they had engaged in deceptive practices to sell FTX yield digital currency accounts. The proposed class action lawsuit filed Tuesday night in Miami alleges …

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Roche's Alzheimer's drug fails in long-awaited trial

Roche’s Alzheimer’s drug fails in long-awaited trial

Trials show small benefit, but without statistical validity Roche setback leaves Biogen and Eisai as leaders in the field It’s up to Roche’s CEO-designate to revive development fortunes Roche shares down 3.4%, its development partner Morphosys down 29% Nov 14 (Reuters) – Roche’s (ROG.S) Alzheimer’s drug candidate has not been shown to slow the progression …

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The black market has strangled the legal weed industry in California.  Now he's coming to New York.

The black market has strangled the legal weed industry in California. Now he’s coming to New York.

“I can also sell you mushrooms,” he adds. It has become a familiar scene in New York. The state legalized adult marijuana more than a year ago, but has yet to issue a single dispensary license. The result was weed free for all: Cannabis seems to be on sale everywhere – in main shops, bodegas, …

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Musk's Twitter may have already violated his last FTC consent order, say legal experts |  CNN Business

Musk’s Twitter may have already violated his last FTC consent order, say legal experts | CNN Business

CNN — Just two weeks into Elon Musk’s ownership of Twitter, the company may have already breached its consent agreement with the Federal Trade Commission, legal experts have said. If proven, a breach could ultimately result in significant personal liability for Musk, increasing the risks he faces as he stumbles through a quagmire of business …

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As Musk Focuses On Twitter, His $56 Billion Tesla Salary Is On Trial

As Musk Focuses On Twitter, His $56 Billion Tesla Salary Is On Trial

WILMINGTON, Del., Nov 7 (Reuters) – As Elon Musk is engulfed in his redesign of Twitter, the entrepreneur is heading for a lawsuit to defend his record $56 billion Tesla Inc salary against allegations that he enriches him unjustly without requiring his full-time presence with the builder. A Tesla shareholder TSLA.O is seeking to rescind …

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Governor Murphy joins new campaign to encourage consumers to buy legal weed

Governor Murphy joins new campaign to encourage consumers to buy legal weed

Governor Phil Murphy, who led the ultimately successful fight for recreational cannabis in New Jersey, has added his name to a new industry effort to encourage marijuana users to buy weed from legal businesses rather than on the street. He is the first elected official to join a national campaign launched on Thursday by the …

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J&J buys heart pump maker Abiomed for $16.6 billion before consumer health fallout

J&J buys heart pump maker Abiomed for $16.6 billion before consumer health fallout

Nov 1 (Reuters) – Johnson & Johnson (JNJ.N) said on Tuesday it had reached an agreement to buy heart pump maker Abiomed Inc (ABMD.O) for $16.6 billion in cash, in a bid to boost the growth of its medical devices unit after the planned spin-off of the consumer healthcare business next year. J&J agreed to …

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TikTok is full of advice on risky money.  These 5 could land you in legal trouble

TikTok is full of advice on risky money. These 5 could land you in legal trouble

According to Gen Z, Google is out and TikTok is here. Gen Z would have chosen TikTok over Google to search for answers to everyday questions. The social media app makes it easy to find entertaining videos offering tips and advice on just about anything, including money. Currently, more than a third of Gen Zers …

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