A lawsuit pitted the former chairman’s widow and daughters against the son he adopted, challenging the patriarchal traditions of a $10 billion conglomerate.
Category: Corporations
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SmileDirectClub Shuts Down, Months After Filing for Bankruptcy
The telehealth company, which sold teeth alignment devices to two million customers, was unprofitable and had been criticized by medical groups.
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Nuns Sue Smith & Wesson Over AR-15-Style Rifle Deaths
A coalition of Catholic nuns who own shares in Smith & Wesson claim that the gun maker is putting itself at risk by selling AR-15-style rifles. The company’s C.E.O. called it a “frivolous lawsuit.”
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‘Into the Weeds’ Review: Man Versus Monsanto
This documentary by Jennifer Baichwal recounts a legal battle in which a groundskeeper in California took on a multibillion-dollar company.
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JetBlue Seeks Court Approval of its Acquisition of Spirit Airlines
JetBlue Airways is trying to persuade a federal court to let it acquire Spirit Airlines, a deal that the Justice Department says will raise fares and reduce competition.
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Panera Bread’s Charged Lemonade Linked to Second Death in Lawsuit
A man in Florida died after drinking three servings of the highly caffeinated drink at a Panera location in Florida, his family said in a wrongful-death lawsuit.
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How a Legal Fight Over a $15,000 Tax Bill Could Upend the U.S. Tax Code
The Supreme Court ruling in the Moore case could cost the federal government billions of dollars in lost tax revenue.
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Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations
Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
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Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
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Federal Investigators Widen Tesla Inquiry, Company Says
The Department of Justice has sought documents related to vehicle range and “personal benefits,” Tesla said.
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Rite Aid Is Closing 154 Stores
The pharmacy chain, once the largest in the United States, detailed a batch of store closures in a bankruptcy court filing.