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By Diana Novak Jones May 29 (Reuters) - A Kentucky school district secured approximately $27 million in settlements from social media companies over claims they fueled a student mental‑health crisis,
A Kentucky school district secured roughly $27 million in settlements from Meta Platforms and other social media companies over claims they fueled a student mental‑health crisis, according to records seen by Reuters on Friday. Meta agreed to pay the most at $9 million in the bellwether case for school districts, according to documents that reveal financial terms for the first time as terms of the deals had not been disclosed in court. The operator of Instagram, Facebook and WhatsApp settled the case brought by Breathitt County School District on May 21, a few weeks before a planned June trial, following settlements by co-defendants Snap Inc, YouTube parent Alphabet and TikTok parent ByteDance.
When a company gets breached these days, the cleanup bill rarely stops at fixing the systems that were broken into. Companies end up paying for legal settlements, customer reimbursements, identity protection services, and years of trying to win back people who no longer trust them with their ...
When a company gets breached these days, the cleanup bill rarely stops at fixing the systems that were broken into. Companies end up paying for legal settlements, customer reimbursements, identity protection services, and years of trying to win back people who no longer trust them with their ...
Last year, during the company's third-quarter earnings call, Ford CFO Kumare Glahotra made a promise to investors. “Improving quality is the single biggest driver to close our cost gap. Better quality lowers warranty expense and reduces recalls,” Galhotra said. But so far this year, Ford once again ...
The U.S. Food and Drug Administration (FDA) has approved pivekimab sunirine-pvzy (sold under the brand name Decnupaz), a highly targeted therapy for adults dealing with an ultra-rare and aggressive form of blood cancer.
Meta said Vermont had not alleged the company designed Instagram or its features in the state, nor that any claims about the app’s safety or addictiveness were made there.
A bid by Meta Platforms (META) to avoid a lawsuit by Vermont's attorney general accusing the company
When the Justice Department settled with Live Nation at the start of a long-awaited antitrust trial, it mounted a pressure campaign against a group of plaintiff states to demand that Republican attorneys general join the truce. Then-Attorney General Pam Bondi warned some of the GOP state officials that the deal was personal to President Trump, according to people familiar with the matter. Following the April jury verdict that found the company engaged in illegal monopolization, the states on Thursday asked a judge to impose sweeping changes on Live Nation, including forcing it to sell off its Ticketmaster subsidiary and some of the amphitheaters where it packs fans for summertime tours.
A new mortgage assistance program from Wells Fargo & Co. could help low- and moderate-income homebuyers.
U.S. Food and Drug Administration (FDA) approved Hepcludex (bulevirtide-gmod) injection to treat chronic hepatitis delta virus.
Meta resolves a major school district case, but roughly 1,200 related lawsuits remain pending.
Tesla is recalling 14,575 Model Y SUVs in the U.S.
Apple asked the U.S. Supreme Court on Thursday to review a lower court ruling that held the iPhone maker in civil contempt over fees it was charging on some outside purchases made by customers of its App Store. The petition to the Supreme Court escalates a years-long legal battle with “Fortnite” video game maker Epic Games, which sued Apple in 2020 seeking to loosen its control over transactions in applications that use the company's iOS operating system and its restrictions on how apps are distributed to consumers. A judge mostly dismissed Epic's lawsuit but issued an injunction in 2021 requiring Apple to let developers include links in their apps directing users to non-Apple payment methods.
The Breathitt County School District in Kentucky had sought over $60 million from Meta and other platforms over students' mental health
C3.ai (NYSE:AI) is back in the chat rooms again this month, up 7.28% in a week as retail traders bet the enterprise AI software story has finally bottomed at $9.28. But here’s what you should actually be watching. The C3.ai story is broken, not bottoming The fundamentals are unraveling beneath the surface. Q3 FY26 revenue ... Forget C3.ai. While It Burns Cash and Faces Lawsuits This 6.74% Yielding Pipeline Giant Is Quietly Powering AI Data Centers
Australian judge questions company's handling of class action case
Arm faces a new antitrust investigation in the U.S. over its dominant position in semiconductor licensing.
AT&T (T) filed a lawsuit against California to stop offering traditional copper-wire telephone servi
SanDisk co-founder and now Micron Technology CEO Sanjay Mehrotra once pointed to a defining childhood moment in which his father's persistence after repeated visa denials helped change the course of his life. Three Visa Rejections Before A Turning Point In...
Waymo's vehicles are getting safer every day.
Wells Fargo has agreed to settle a lawsuit alleging discrimination in loan approvals.
Takeda confirmed it would appeal the outcome, stating that the case “lacks merit”.
The ruling removes a major legal obstacle as OpenAI explores future growth plans.
Many people dream about success, but far fewer are willing to accept the sacrifices that often come with it, according to “Shark Tank” investor Robert Herjavec. In a recent video clip he shared on his YouTube channel, Herjavec reflected on...
A $99 million settlement proposal with a group of farmers and independent agriculture repair shop owners received preliminary approval this week in a separate case.
Regulatory scrutiny raises questions over licensing model in chip ecosystem
After three weeks of testimony, $134 billion in demands, and a judge who was ready to dismiss the appeal before the ink was dry, Silicon Valley's messiest soap opera is over (for now)
The $110 million settlement, which was mapped out last fall, requires Wells Fargo to establish a $100 million fund to provide downpayment and closing-cost assistance to eligible borrowers who live in or plan to buy a home in certain low- and moderate-income census tracts.
The clock ran out on Elon Musk’s lawsuit against OpenAI before a jury ever had time to decide whether his allegations were true.
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