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YouTube settles social media addiction lawsuit brought by teenager amid tidal wave of court cases
Sky News42d agobearish
YouTube settles social media addiction lawsuit brought by teenager amid tidal wave of court cases

YouTube's owner, Google, has settled a lawsuit brought by a teenager suing the world's biggest social media companies over their role in the youth mental health crisis. The 16-year-old's lawyers said the terms of the settlement were confidential, but that TikTok, Snapchat, and Instagram are still set to face trial in July. Google spokesperson Jose Castaneda said‌ the lawsuit had been amicably resolved.

Lucid Group (LCID) Cuts 18% Of U.S. Jobs As COO Exits And Lawsuits Loom
Simply Wall St.42d agobearish
Lucid Group (LCID) Cuts 18% Of U.S. Jobs As COO Exits And Lawsuits Loom

Lucid Group (NasdaqGS:LCID) is cutting about 18% of its U.S. workforce and eliminating certain production shifts. The company is removing the chief operating officer role as part of a broader restructuring of its leadership structure. These changes come alongside class action lawsuits from shareholders alleging issues with supply chain quality and disclosure of delivery capabilities. Lucid Group is making sweeping changes at a time when its stock has fallen sharply over longer periods, with...

AI stock surges amid multi-million-dollar lawsuit
TheStreet43d agobullish
AI stock surges amid multi-million-dollar lawsuit

Shares of Hut 8 (NASDAQ: HUT) tumbled in the pre-market session on June 22 but recovered lost ground after the morning bell. The stock fell about 7% to $112.50 after closing the prior day down 2.73% at $121.04. But at press time, the shares were trading 2.36% higher inraday and trading near ...

Supreme Court Revives Exxon Mobil Lawsuit Against Cuba
The Wall Street Journal43d agobearish
Supreme Court Revives Exxon Mobil Lawsuit Against Cuba

The Supreme Court revived a lawsuit Exxon Mobil Corp. brought against oil companies owned by the Cuban government that seeks $1 billion in damages for the oil refinery and service stations Cuba took from the U.

Uber (UBER) Faces Shareholder Lawsuit Over Alleged Safety And Compliance Failures
Simply Wall St.43d agobearish
Uber (UBER) Faces Shareholder Lawsuit Over Alleged Safety And Compliance Failures

Shareholders have filed a new lawsuit against Uber Technologies (NYSE:UBER) targeting the company’s board and senior management. The claim argues Uber is a “serial compliance offender” that put growth ahead of rider safety and regulatory obligations. Investors are seeking financial accountability from leaders, stronger board oversight, and tighter safety and compliance controls. Uber Technologies operates a global ride hailing and delivery platform, placing it at the center of ongoing...

Dow (DOW) Faces Parkinson’s Lawsuit Over Chlorpyrifos Safety Claims
Simply Wall St.43d agobearish
Dow (DOW) Faces Parkinson’s Lawsuit Over Chlorpyrifos Safety Claims

Dow is facing a lawsuit alleging its insecticide chlorpyrifos is linked to Parkinson’s disease. The suit claims Dow failed to disclose health risks tied to the product, raising questions around product safety and corporate conduct. Investors are assessing how this legal action could affect NYSE:DOW, including litigation exposure and reputational risk. For investors tracking Dow, the lawsuit comes at a time when the stock is trading at $30.79 and has fallen 14.5% over the past 30 days. Over...

Roblox (RBLX) Faces Class Action Lawsuit Over Organic Growth Claims
Simply Wall St.43d agobearish
Roblox (RBLX) Faces Class Action Lawsuit Over Organic Growth Claims

A securities class action lawsuit has been filed against Roblox (NYSE:RBLX), alleging false and misleading statements about organic user growth. The complaint focuses on the claimed impact of Roblox’s age verification rollout on its organic growth trends. The case raises questions around disclosure practices, user growth metrics, and potential risks for shareholders. Roblox enters this legal chapter with its shares at $47.27 and a mixed recent track record for investors. The stock is up...

Microsoft (MSFT) Faces Shareholder Lawsuit; TD Cowen Maintains Buy Rating
Insider Monkey44d agoneutral
Microsoft (MSFT) Faces Shareholder Lawsuit; TD Cowen Maintains Buy Rating

Microsoft Corporation (NASDAQ:MSFT) ranks as the Best Data Center Stocks That Are Cheaper Than the S&P 500. Although the stock has declined roughly 21% on a year-to-date basis over macroeconomic concerns and massive AI capital expenditure forecasts, the Street expects more than 44% upside over the next 12 months. ​Recently, on June 15, Reuters reported […]

AbbVie’s (ABBV) Allergan Aesthetics Wins FDA Approval for Skinvive by Juvederm
Insider Monkey44d agobullish
AbbVie’s (ABBV) Allergan Aesthetics Wins FDA Approval for Skinvive by Juvederm

AbbVie Inc. (NYSE:ABBV) is one of the 12 High Quality Stocks to Buy for the Long Term. On June 16, 2026, Allergan Aesthetics, an AbbVie Inc. (NYSE:ABBV) company, announced the U.S. FDA approval of Skinvive by Juvederm to reduce neck lines and improve neck appearance in adults over the age of 21. AbbVie said Skinvive […]

Redwire (RDW) Gets Court Nod For Governance Reforms In Shareholder Lawsuit
Simply Wall St.46d agobearish
Redwire (RDW) Gets Court Nod For Governance Reforms In Shareholder Lawsuit

Redwire (NYSE:RDW) has received preliminary court approval for a shareholder derivative lawsuit settlement. The settlement includes a commitment to implement corporate governance reforms for at least five years. Final court approval is still pending, which would formally put the new oversight measures in place. Redwire operates in the space infrastructure and technology sector, where corporate governance can be as important to investors as technical capabilities or contract activity. The...

Netflix faces fresh trouble from new lawsuit
TheStreet46d agobearish
Netflix faces fresh trouble from new lawsuit

Netflix has built some of its biggest streaming conversations around stories audiences thought they already knew. That has made documentaries and docuseries especially valuable for the company. They can turn old scandals, celebrity careers, and pop-culture moments into new viewing events years ...

Alphabet (GOOGL) Faces Waymo Recall And Gemini Leadership Exit
Simply Wall St.48d agobearish
Alphabet (GOOGL) Faces Waymo Recall And Gemini Leadership Exit

Waymo, Alphabet’s self-driving unit, is recalling nearly 4,000 robotaxis in the US to fix software that could allow vehicles to enter closed freeway construction zones at speed. Noam Shazeer, a key leader of Alphabet’s Gemini AI model, is leaving the company to join OpenAI. These twin developments put Alphabet (NasdaqGS:GOOGL) back in focus for investors watching both autonomous vehicles and generative AI. Waymo’s recall highlights that scaling robotaxis involves real world safety and...

Arqit Quantum (ARQQ) Is Up 72.7% After Settling Long-Running Misrepresentation Lawsuit - What's Changed
Simply Wall St.48d agobearish
Arqit Quantum (ARQQ) Is Up 72.7% After Settling Long-Running Misrepresentation Lawsuit - What's Changed

In the past few days, Arqit Quantum agreed to pay US$7,000,000 to settle a lawsuit alleging misrepresentations about its quantum encryption technology and revenue sources, closing out roughly four years of legal dispute. This settlement removes a long-running legal overhang that had raised questions about Arqit’s disclosures and could influence how investors assess its risk profile and governance. We’ll now examine how resolving this long-running lawsuit, and the uncertainty around Arqit’s...

Waymo Has a Tesla-Like Recall. What It Means for Alphabet Stock.
Barrons.com48d agobearish
Waymo Has a Tesla-Like Recall. What It Means for Alphabet Stock.

Waymo is recalling 3,871 robo-taxis to correct software that might allow a vehicle to enter a freeway construction zone, according to a National Highway Traffic Safety Administration notice. For starters, it illustrates the size of the Waymo robo-taxi fleet. The Alphabet -owned ride-hailing network operator is expanding across the country, along with other companies, including Tesla Amazon.com -backed Zoox, and others.

FDA Approves New Eight-Week Maintenance Dosing Regimen for Eli Lilly’s (LLY) EBGLYSS
Insider Monkey49d agoneutral
FDA Approves New Eight-Week Maintenance Dosing Regimen for Eli Lilly’s (LLY) EBGLYSS

Eli Lilly and Company (NYSE:LLY) is one of the 12 Best Growth Stocks Trading in Oversold Territory. On June 9, the US FDA approved a new maintenance dosing regimen for Eli Lilly’s EBGLYSS (lebrikizumab-lbkz), allowing adults and children aged 12 and older with moderate-to-severe atopic dermatitis to receive a single injection once every 8 weeks. […]