A recent court ruling in the United States regarding a lawsuit against Amazon.com marks a significant moment in antitrust practices and affects the interests of shareholders in the world's largest online retailer. U.S. District Judge John Chen in Seattle dismissed a class-action lawsuit in which the company was accused of misleading shareholders and violating fair trading practices.
On Monday evening, three of the largest investment management firms, BlackRock, Vanguard, and State Street, filed a motion in a Texas court requesting the dismissal of a lawsuit lodged by the state of Texas. The lawsuit accuses these firms of colluding to reduce coal production. This development has sparked significant interest in both financial and legal circles, as it touches on antitrust regulations and the influence of asset management firms on environmental policies.
Apple $AAPL has once again found itself in the spotlight after facing a lawsuit over claims regarding its Apple Watch models. In a case filed in a federal court in San Jose, California, seven purchasers of the Apple Watch Series 9, SE, and Ultra 2 allege that the company’s assertion of these devices being “carbon neutral” and environmentally friendly was misleading. According to the complaint, had buyers known the full details, they might have chosen not to purchase these smartwatches or would have paid a lower price. Introduced in September 2023, the new models were hailed as carbon neutral thanks to a combination of reduced emissions and the purchase of carbon offset projects.
In recent weeks, the public's attention has been drawn to an event involving the largest professional social network, LinkedIn, owned by $MSFT Microsoft. The company found itself at the center of a scandal after premium subscribers filed a lawsuit against the platform for allegedly disclosing their private messages without consent for training generative artificial intelligence models.
