RICHMOND — Albert Engel Sr. can only stare at the Richmond Rail Connector in his backyard with dread, fearing that the overgrown vegetation, homeless encampments and pools of water that at times accumulate around the nearly decade-old berm foreshadow a train derailment along that track. The three acres of land abutting the small industrial yard … Read more
State regulators say that a local Indian restaurant with one location used “half-truths and lies” to sell investors on its grandiose plans for a nationwide expansion before spending the $380,000 that shareholders invested on rent, operating costs and Ponzi-like payments. Through a pair of lawsuits it filed April 16, the Colorado Division of Securities is … Read more
Disgraced WWE mogul Vince McMahon fired back at a former employee who accused him of sex trafficking and sexual harassment, claiming she would sneak into his penthouse apartment to get in his bed before slinking back to her fiancé’s den in the same building, according to a court filing. McMahon alleged that 43-year-old Janel Grant … Read more
A bill in the Colorado legislature, filed in response to reports that patients were confused when a company they’d never heard of sued them over medical debts, would limit how collection agencies can pursue payment. HB-1380, which passed the state House on Wednesday, would require debt collectors operating in the state to disclose who initially … Read more
The Justice Department is preparing to file an antitrust lawsuit against Live Nation as soon as next month, the Wall Street Journal reported on Monday, citing people familiar with the matter. Live Nation’s subsidiary Ticketmaster, which for decades has been condemned for hardball tactics and high prices, was also widely criticized in 2022 after botched ticket sales for Taylor … Read more
Millennium Management, one of the world’s largest hedge fund firms, was sued on Friday by rival Jane Street Group, which accused it of stealing a valuable in-house trading strategy after two traders defected. Jane Street said the traders Douglas Schadewald and Daniel Spottiswood had been “intimately” involved in developing the strategy before resigning separately to … Read more
A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Dado Ruvic | Reuters The Securities and Exchange Commission scored a major win in its lawsuit against Coinbase on Wednesday, as a judge ruled that its claim that the cryptocurrency exchange engaged in … Read more
Andreas “Andy” von Bechtolsheim, co-founder of Arista Networks Inc., speaks during a Bloomberg West TV interview in San Francisco on May 2, 2013. David Paul Morris | Bloomberg | Getty Images Andy Bechtolsheim, the co-founder of Sun Microsystems and Arista Networks, has reached a settlement with the U.S. Securities and Exchange Commission on insider trading … Read more
Associated Press BERKELEY — The city of Berkeley, California, has agreed to halt enforcement of a ban on natural gas piping in new homes and buildings that was successfully opposed in court by the California Restaurant Association, the organization said. The settlement follows the 9th U.S. Circuit Court of Appeals’ refusal to reconsider a 2023 … Read more
The Justice Department’s top antitrust official said Friday that Apple shareholders should encourage the company to “compete on the merits,” one day after the government sued the iPhone maker over allegedly anticompetitive practices. “Competition on the merits is good for everybody,” Jonathan Kanter, assistant attorney general for antitrust, said on CNBC’s “Squawk Box.” “Good for … Read more
