In a significant development a federal judge in California has ruled that plaintiffs who have accused Alphabet Inc’s Google of unlawfully tracking their internet usage while they were on “Incognito” browsing mode, can question its CEO Sundar Pichai for up to… Read More ›
court filing
Class action lawsuit filed against Zoom Video Communication Inc over privacy security concerns
A class action lawsuit has been filed against Zoom Video Communications Inc by one of its shareholder accusing it of overstating its privacy standards and failing to disclose that its service lacked end-to-end encryption. In a court filing, Michael Drieu,… Read More ›
PG&E Corp wins approval for $23 billion bankruptcy turnaround plan
PG&E Corp, a power producer, stated, it has won an approval from a bankruptcy court to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition to those financing commitments. According to its filing, the… Read More ›
Barneys New York Inc to sell assets to investment bank B. Riley Financial Inc and Authentic Brands Group for $271 million
The deal comes midst a stalking horse purchase agreement. In securities filing, Barneys New York Inc, a U.S. luxury department-store chain, stated it has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank… Read More ›
PG&E Corp asks court approval for setting up $105 million wildfires victims fund
PG&E Corp is of the opinion that authorities are likely to conclude that the November forest fire, California’s most destructive and deadliest fire of modern times, was sparked by its equipment. In a filing in U.S. Bankruptcy Court in San… Read More ›