In a sealed deposition, Janice Gembara Weston said John Gembara began bringing Marek Matczuk to the bank’s annual board meeting after the ouster of a board member.
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Tyson Foods Inc. of Springdale agreed to pay $4.625 million to settle a price-fixing suit filed by direct purchasers of turkey products.
The original class-action complaint was filed in 2019 by several purchasers. They alleged that Agri Stats and turkey producers, which included Tyson Foods, conspired to fix prices.
Agri Stats of Fort Wayne, Indiana, is a company that issues informational reports on industries; both Agri Stats and Tyson Foods were sued by Sysco Corp. in federal court March 9 for allegedly conspiring to fix pork prices.
The turkey price-fixing suit was filed in U.S. District Court for the Northern District of Illinois. Tyson Foods’ settlement was preliminarily approved by Judge Virginia M. Kendall.
A Florida steakhouse has urged the Eleventh Circuit to revive its lawsuit seeking COVID-19 business interruption coverage from its insurer, criticizing a lower court's reliance on an influential opinion in the circuit involving "direct physical loss of or damage to" property.
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CBD Co. Exec Can t Dodge Investor s Fraud Claims
Law360 (May 7, 2021, 3:59 PM EDT) A Florida federal judge has denied a dismissal bid brought by the chief financial officer of CBD company Apotheca Biosciences Inc. in a suit accusing the company of conning an investor into funding a failing business, finding the investor has sufficiently supported its fraud allegations.
U.S. District Judge Virginia M. Hernandez Covington said in Thursday s order that Harbor Gates Capital LLC has satisfied the four necessary elements to state a fraudulent inducement claim under Florida law, rejecting Chief Financial Officer Saeed Talari s argument that the investor wasn t particular enough in its allegations.
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On April 21, 2021, Judge Virginia M. Kendall of the United
States District Court for the Northern District of Illinois denied
a motion to dismiss a putative securities class action against a
large Illinois-based electric company (the “Company) for
violations of Sections 10(b) and 20(a) of the Securities Exchange
Act of 1934 and Rule 10b-5 as well as Items 105 and 303 of
Regulation S-K.
Flynn v. Exelon Corp., No.
19-C-8209 (N.D. Ill. April 21, 2021). Plaintiff alleged that
the Company made false and misleading statements and omissions
about an eight-year scheme to bribe Illinois state lawmakers,