Monthly Archives: May, 2022

Court Swats Away Objector’s Motion in Facebook IPO Securities Litigation

On Thursday, Judge Colleen McMahon denied an objector’s motion for a declaration that the plaintiffs and their counsel should have brought certain fraud claims...

Express Scripts Sued Over Fair Debt Practices Allegations

On Thursday a case was filed in the Central District of California by a patient and his minor child against Express Scripts Inc.,...

Takeaways from the SEC’s $100M Fine Against FinTech Lender BlockFi, with Brad Rustin

So, apparently this is true:  Running a lending operation without registering with the SEC makes them crabby. Spoiler Alert: On Valentine’s Day this year...

Former Employee Sues Over Unlawful Non-Competition Agreement

A suit was removed to federal court on Wednesday from Santa Clara County, California state court by plaintiffs Alex Mauricio and Bristol Hospice, LLC...

FDA Warns Companies For Illegally Selling CBD and Delta-8 THC Products

On Wednesday, the Food and Drug Administration (FDA) sent warning letters to five companies for selling products containing delta-8 THC, as the agency says...

White House Announces an Conference on Hunger, Nutrition and Health

On Wednesday, President Biden announced that this September, the White House will hold a Conference on Hunger, Nutrition and Health.  The press release states that...

THC Oil Processor Sues Two Companies and its Executives for Violations of RICO and Fraud

On Tuesday S.S.L. Investments, LLC filed a complaint in the Central District of California against Orochem Technologies, Kazmira, LLC and the companies’ executives alleging...

Netflix Shareholder Questions Disclosures in Securities Fraud Suit Following Two Bad Quarters

An investor has sued Los Gatos, Calif.-based Netflix Inc. and three of the company’s leaders for two share price drops that occurred in January...