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Latest News in Corporate
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May 15, 2026
A Hertz investor asked a Florida federal judge Friday to preliminarily approve a $10 million settlement to resolve claims the car rental company overhyped the demand for electric cars, only later to announce a $200 million earnings hit as it sought to offload the vehicles, causing stock prices to fall.
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May 15, 2026
A Second Circuit panelist said Friday that an argument advanced by a group of objectors to a $147.5 million cost-of-insurance settlement is "weird," noting that its logic depends on securing an even better outcome in separate litigation.
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May 15, 2026
The U.S. Securities and Exchange Commission will not sue powersports vehicle dealership chain RideNow after the agency had investigated its former CEO's use of company resources, although the onetime executive's lawsuit over his contentious departure is ongoing in Delaware state court.
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May 15, 2026
A California federal judge said Friday that she intends to grant final approval to Rivian's $250 million investor settlement, and drew laughs when she cut off a plaintiffs' attorney arguing that counsel worked hard for their requested fees, quipping, "I've looked at your billing records, I know."
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May 15, 2026
A California federal judge said Friday she's inclined to deny Meta Platforms Inc.'s summary judgment bid on an Illinois resident's claims Meta violated the Prairie State's Biometric Information Privacy Act by obtaining her voice recordings from Facebook and Messenger platforms, saying there's enough evidence to establish a material factual dispute.
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