S. Korean knock-down car maker in India disputes court ban of ‘Hyundai’ name use

Aug 09, 2022 22:59 pm UTC| Law Economy Business

Hyundai Global Motors (HGM) disputed a recent Indian court ruling against its alleged trademark violation of Korean auto giant Hyundai Motor Co., claiming it acquired the naming rights through a legal contract. Hyundai...

Elon Musk files countersuit against Twitter over $44 billion deal

Jul 31, 2022 08:25 am UTC| Law Economy Business

Elon Musk escalated his legal battle with Twitter on Friday with a countersuit over his bid to walk away from the $44 billion purchase. Musks case was submitted hours after Chancellor Kathaleen McCormick of the Delaware...

UCLA, Under Armour end lawsuits over lucrative sportswear deal

Jul 29, 2022 23:44 pm UTC| Law Sports Economy Business

UCLA and Under Armour Inc. have dropped lawsuits against each other brought about by a reneged $280 million sports apparel deal in 2020. A lawyer for the UC Regents, acting on behalf of UCLA, had asked Santa Monica...

Sotheby's may be liable for missing diamonds worth $4 million, says court

Jul 26, 2022 23:30 pm UTC| Law Economy Business

A state appellate court ruled Sothebys may be liable for $4 million of disappeared diamonds after it allegedly released them to a stranger. After ML Financial had given the diamonds to Sothebys for appraisal in April...

US federal court rejects Pfizer's appeal over co-pays for heart failure patients

Jul 26, 2022 23:25 pm UTC| Law Health Economy Business

Pfizer Incs challenge to a US anti-kickback law which it says prevented it from helping heart failure patients afford the medicine that cost $225,000 per year was rejected by a federal appeals court. A three-judge panel...

Court gives PepsiCo right to use ‘Rise’ on Mtn Dew

Jul 25, 2022 23:16 pm UTC| Law Economy Business

The Second Circuit Court overturned a lower federal courts decision forbidding PepsiCo to use the word Rise for an energy drink extension of its Mtn Dew brand. The lower courts judge found PepsiCo to have infringed on...

Digital Currency Revolution

Prosecution escalates Luna saga probe on S. Korea's crypto exchanges

Jul 25, 2022 22:49 pm UTC| Law Economy Business Digital Currency

South Koreas cryptocurrency exchanges are keeping a low profile as the prosecution seized their trading records of the ill-fated stablecoin Terra and its sister token Luna. Terra and Lunas values plummeted abruptly in...