Wednesday, September 27, 2023
Courthouse News Service
Wednesday, September 27, 2023 | Back issues
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Tesla toxic culture

SAN ANTONIO – A federal judge dismissed Tesla shareholders suit alleging the company's board of directors harmed the company's reputation by permitting a “toxic workplace culture grounded in racist and sexist abuse and discrimination.” The shareholder claims of wrongdoing are not sufficiently specific, and Tesla’s incorporation documents shield Tesla’s directors from liability for all but breaches of the duty of loyalty.

Russian man with Kremlin ties gets 9 years in US prison for hacking and insider trading scheme

Four alleged co-conspirators — including a Russian military intelligence officer who’s also been charged with meddling in the 2016 presidential election — remain at large.

8-ton cocaine seizure on Danish ship forces scrutiny of shipping security

Dutch authorities examining a Maersk cargo ship found record-breaking amounts of cocaine hidden in banana pallets, highlighting the industry's vulnerability to smuggling.

Ben & Jerry’s & Israel

MANHATTAN — A federal court in New York dismissed a union and a police and fire retirement fund’s securities class action against the owners of Ben & Jerry’s, whose board did not immediately inform investors of its decision to stop selling ice cream in Israel due to its conflict with Palestine. The company did not know how the board’s decision would be implemented, so its failure to immediately inform investors was not fraud.

Convicted ‘Wall Street Whiz Kid’ charged in new investment scam

David Bloom, a New York native twice convicted in con schemes, faces new charges in Los Angeles that he defrauded investors out of a quarter million dollars.

Crypto fairness

WASHINGTON — The D.C. Circuit ruled that the Securities and Exchange Commission arbitrarily denied a company’s bitcoin fund soon after approving two other bitcoin futures funds for trading.