Meta to Lay Off 5% of Workforce, CEO Mark Zuckerberg Focuses on Performance Management
Meta to Lay Off 5% of Workforce, CEO Mark Zuckerberg Focuses on Performance Management. Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced plans to reduce its workforce by 5%, equating to roughly 3,600 employees. This decision is part of the company’s broader strategy to streamline operations and remove underperforming staff members in […]
Dollarama $2.64M Class-Action Settlement
Dollarama $2.64M Class-Action Settlement Canadians who made purchases at Dollarama involving environmental handling fees (EHFs) may be eligible for compensation as the deadline to file claims for a class-action settlement approaches. The lawsuit, initiated by the law firm LPC Avocats, alleged that Dollarama failed to accurately display the prices of products subject to EHFs, such […]
WestJet Class Action Settlement: $12.5 Million Settlement for First Checked Bag Fees
WestJet Class Action Settlement: $12.5 Million Settlement for First Checked Bag Fees. In October 2024, the Supreme Court of British Columbia approved a $12.5 million settlement related to a class action lawsuit against WestJet. The plaintiff alleged that the airline improperly charged passengers for their first checked bag, in violation of a specific provision in […]
Supreme Court Allows Honolulu’s Lawsuit Against Oil and Gas Industry to Proceed
Supreme Court Allows Honolulu’s Lawsuit Against Oil and Gas Industry to Proceed. The U.S. Supreme Court rejected a request from Sunoco (SUN.N) and other oil companies to block a lawsuit filed by Honolulu, accusing them of misleading the public for decades about the climate change risks linked to fossil fuel consumption. The U.S. Supreme Court’s […]
JPMorgan Appoints Jennifer Piepszak as New COO, Strengthening Leadership for Future Growth
JPMorgan Appoints Jennifer Piepszak as New COO, Strengthening Leadership for Future Growth. JPMorgan has appointed Jennifer Piepszak, a seasoned executive with over two decades of experience at the firm, as its new Chief Operating Officer (COO). This strategic move marks a significant milestone in JPMorgan’s leadership transition, positioning Piepszak as a key figure in steering […]
Elon Musk Uses Cybertrucks and Starlink to Support California Wildfire Relief
Elon Musk Uses Cybertrucks and Starlink to Support California Wildfire Relief. Billionaire entrepreneur Elon Musk, 53, is using Tesla Cybertrucks and Starlink technology to provide free internet access to areas in California heavily impacted by wildfires. As the CEO of both Tesla and Starlink, Musk announced a brief delay in Cybertruck deliveries to prioritize these […]
Latham & Watkins Advises KKR on Qventus’ $105 Million Investment
Latham & Watkins Advises KKR on Qventus’ $105 Million Investment. Qventus, a leader in AI-driven care automation software for healthcare systems, has secured a significant $105 million investment to further expand its AI-based platform. The funding, led by global investment firm KKR, includes participation from Bessemer Venture Partners and strategic health system investors such as […]
IRS to Automatically Issue Stimulus Checks to Eligible Taxpayers: Recovery Rebate Credit Payments Coming by end of January.
IRS to Automatically Issue Stimulus Checks to Eligible Taxpayers: Recovery Rebate Credit Payments Coming by end of January. U.S. taxpayers who missed claiming the Recovery Rebate Credit on their 2021 tax returns could see a stimulus check by the end of January, according to the Internal Revenue Service (IRS). This initiative comes after the IRS […]
Trump Announces Willingness to Meet Putin for Ukraine Peace Talks
Trump Announces Willingness to Meet Putin for Ukraine Peace Talks. President-elect Donald Trump announced late Thursday that he is ready to engage in discussions with Russian President Vladimir Putin, signaling that arrangements for a potential meeting are underway. While Trump did not provide a specific timeline, he emphasized his commitment to addressing the ongoing war […]
Apple Clears Up Siri Privacy Concerns After $95 Million Class Action Settlement
Apple Clears Up Siri Privacy Concerns After $95 Million Class Action Settlement. Apple has addressed privacy concerns surrounding its Siri voice assistant following a $95 million class action settlement, clarifying that it has never sold or used data collected through Siri for advertising purposes. The lawsuit, which was settled last week, involved allegations that Apple […]
Rosen Law Firm Investigates Rigetti Computing for Potential Securities Claims
Rosen Law Firm Investigates Rigetti Computing for Potential Securities Claims. Rosen Law Firm, a leading global firm specializing in investor rights, has initiated an investigation into potential securities claims on behalf of shareholders of Rigetti Computing, Inc. (NASDAQ: RGTI). The investigation stems from allegations that Rigetti may have issued materially misleading information about its business […]
Latham & Watkins Advises Royal Bank of Canada and The Toronto-Dominion Bank in Vermilion Energy’s US$1.075 Billion Acquisition of Westbrick Energy
Latham & Watkins Advises Royal Bank of Canada and The Toronto-Dominion Bank in Vermilion Energy’s US$1.075 Billion Acquisition of Westbrick Energy. Vermilion Energy Inc. has announced the execution of an arrangement agreement to acquire Westbrick Energy Ltd., a privately owned oil and gas entity operating within the Alberta Deep Basin, for a total consideration of […]