law

After Criminal Probe, SEC will bring a legal suit against Musk

After Criminal Probe, SEC will bring a legal suit against Musk

The Security and Exchanges Commission is bringing forth legal action against Elon Musk. The SEC claims that Musk’s carelessness, erratic behavior and misleading of customers/investors about receiving funding are reasons for this lawsuit as the..

Facebook Down as Top Executive Faces U.S. Congress

Facebook Down as Top Executive Faces U.S. Congress

Facebook, Inc. (NASDAQ: FB) No. 2 executive, Sheryl Sandberg, defended the Company in the U.S. Congress on Wednesday morning over what lawmakers see as a failure to combat continuing foreign efforts to influence U.S. politics.Prior to the heari..

Sunoco gas stations in Detroit hit with lawsuit for illegally selling viagra

Sunoco gas stations in Detroit hit with lawsuit for illegally selling viagra

Sunoco LP (NYSE: SUN) gas stations located in Detroit have been hit with a lawsuit alleging that the gas stations have been selling Viagra without prescriptions and under misleading circumstances. The lawsuit was filed by Outlaw Laboratory, a compan..

IBM Seeks $167M from Groupon for Infringing Ecommerce Patents

IBM Seeks $167M from Groupon for Infringing Ecommerce Patents

International Business Machines Corporation(NYSE: IBM) asked a U.S. jury to award USD 167 Million in a lawsuit accusing Groupon,Inc. (NASDAQ: GRPN) for using patented technology from several high-end tech companies. IBM’s lawyer, John Desmarai..

Fujifilm sues Xerox for well over $1 billion after aborted merger

Fujifilm sues Xerox for well over $1 billion after aborted merger

Fujifilm Holdings Corp. sued Xerox Corp (NYSE: XRX) for over $1 billion, blaming the company for giving in to pressure from activist investors, Carl Icahn and Darwin Deason, for ending a planned merger. According to a complaint filed with the U.S. D..

Nikola Motors sues Tesla for $2 billion for alleged patent infringement

Nikola Motors sues Tesla for $2 billion for alleged patent infringement

Nikola Motor Co. filed a lawsuit on Tuesday against Tesla Inc. (NASDAQ: TSLA) alleging design patent infringements. Nikola is seeking approximately $2 billion in damages.Nikola said in court filings that Tesla’s electric Semi is “substan..

People File Taxes for the Last Time Under the Old Tax Code as the New Tax Code Already Sets a Positive Tone for the Economy

People File Taxes for the Last Time Under the Old Tax Code as the New Tax Code Already Sets a Positive Tone for the Economy

April 17, 2018, is the last day on which Americans will be filing their taxes under the old tax code. The old tax code was seen as somewhat of a broken code as it proved to be less than beneficial to workers and citizens alike. In addition, under th..