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ADP case Pershing Square Ackman Tech Top News William Ackman 

Ackman’s Pershing Square says ADP needs to streamline, modernize

August 17, 2017 By Svea Herbst-Bayliss and Michael Flaherty BOSTON/NEW YORK (Reuters) – Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc’s stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades. Ackman’s hedge fund Pershing Square Capital Management owns 8.3 percent of the $50 billion company and he is asking for board seats for himself plus two independent directors and considering pushing the board to make leadership changes. “The person who…

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case Colorado DJ Entertainment Taylor Swift Top News 

Despite losing trial to Taylor Swift, DJ insists he never groped her

August 15, 2017 LOS ANGELES (Reuters) – The former Colorado radio DJ who lost a court case to Taylor Swift insisted on Tuesday that he “never grabbed” the pop star’s bare buttocks while posing for a photo with her four years ago. David Mueller, against whom Swift delivered scathing testimony during a week-long trial in Denver, told ABC television’s “Good Morning America” that he “didn’t do what they say I did.” “I didn’t do it. I never grabbed her. I never had my hand under her skirt. And I can…

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case lawsuit Supreme Court Tech Top News U.S. 

Lawsuit over false online data revived after U.S. top court review

August 15, 2017 By Jonathan Stempel NEW YORK (Reuters) – A federal appeals court on Tuesday revived a California man’s lawsuit accusing Spokeo Inc of publishing an online profile about him that was filled with mistakes. The 9th U.S. Circuit Court of Appeals ruled 3-0 in favor of Thomas Robins, 15 months after the U.S. Supreme Court asked it to more closely assess whether he suffered the “concrete and particularized” injury needed to justify a lawsuit. Spokeo sells data aggregated from various databases to users including employers and people seeking…

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case Douglas Baldridge Entertainment KYGO Taylor Swift Top News 

Colorado DJ’s suit against Taylor Swift dismissed in groping trial

August 12, 2017 By Keith Coffman and Jann Tracey DENVER (Reuters) – Pop star Taylor Swift on Friday won an important ruling in the trial stemming from her allegation that she was groped by a Colorado disc jockey, with the judge dismissing the DJ’s rival claim accusing the singer of wrongfully getting him fired. The ruling by U.S. District Judge William Martinez left intact Swift’s assault and battery countersuit against David Mueller, who asserts he was falsely accused by the recording star and ousted from his $150,000-a-year job at radio…

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case claim Entertainment Jefferson Starship judge Top News 

Jefferson Starship guitarist can pursue lawsuit over band name

August 11, 2017 By Jonathan Stempel (Reuters) – A founding member of Jefferson Starship may pursue part of his lawsuit seeking to stop former bandmates from using the rock group’s name, a federal judge ruled on Friday. U.S. Magistrate Judge Maria-Elena James said the guitarist Craig Chaquico may pursue a breach of contract claim against David Freiberg, Donny Baldwin and other musicians for performances and merchandising since January 2016, when co-founder Paul Kantner died. The San Francisco-based judge also dismissed Chaquico’s claim for earlier alleged contract breaches, and a trademark…

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case Economy government judge London Whale Top News 

U.S. drops charges in another high-profile Wall Street case

August 9, 2017 By Jonathan Stempel NEW YORK (Reuters) – U.S. prosecutors on Tuesday dropped their criminal case accusing Benjamin Wey of running a fraudulent stock manipulation scheme, after a federal judge threw out much of the evidence they hoped to use against the financier. The dismissal was the government’s second surrender in three weeks in a high-profile Wall Street case. It followed prosecutors’ July 21 decision to drop charges against two former JPMorgan Chase & Co traders in the London Whale trading scandal. The government had accused Wey in…

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Business case Entertainment KYGO Top News tour 

Denver DJ denies groping Taylor Swift in first day of trial testimony

August 9, 2017 By Keith Coffman and Jann Tracey DENVER (Reuters) – A Colorado DJ accused of groping recording star Taylor Swift during a photo shoot four years ago testified on Tuesday that he innocently made physical contact with the singer as they posed together but denied any inappropriate behavior. Taking the witness stand on the first day of testimony at the federal court trial of their dueling lawsuits, Denver radio personality David Mueller said Swift’s allegations, which he emphatically denied, “cost me my career, my passion, my income.” Mueller,…

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Business case District Court German Oliver Schmidt 

Volkswagen executive pleads guilty in U.S. diesel emissions case

August 4, 2017 By Nick Carey DETROIT (Reuters) – Volkswagen AG executive Oliver Schmidt pleaded guilty on Friday in U.S. District Court in Detroit in connection with a massive diesel emissions scandal that has cost the German automaker as much as $25 billion. Under a plea agreement, Schmidt faces up to seven years in prison and a fine of between $40,000 and $400,000 after admitting to conspiring to mislead U.S regulators and violating clean air laws. He will be sentenced on Dec. 6. In March, Volkswagen pleaded guilty to three…

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Business case District Court German Oliver Schmidt 

Volkswagen executive pleads guilty in U.S. diesel emissions case

August 4, 2017 By Nick Carey DETROIT (Reuters) – Volkswagen AG executive Oliver Schmidt pleaded guilty on Friday in U.S. District Court in Detroit in connection with a massive diesel emissions scandal that has cost the German automaker as much as $25 billion. Under a plea agreement, Schmidt faces up to seven years in prison and a fine of between $40,000 and $400,000 after admitting to conspiring to mislead U.S regulators and violating clean air laws. He will be sentenced on Dec. 6. In March, Volkswagen pleaded guilty to three…

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case Economy government lawsuit Top News U.S. 

Raytheon wins end to whistleblower’s $1 billion satellite lawsuit

August 4, 2017 (Reuters) – Raytheon Co on Thursday won the dismissal of a $1 billion whistleblower lawsuit accusing the defense contractor of overbilling the U.S. government on a contract for satellite sensors, nearly 1-1/2 years after a federal appeals court revived the case. U.S. District Judge Otis Wright in Los Angeles said Steven Mateski, an engineer who worked for Raytheon from 1997 to 2006, failed to adequately allege that the Waltham, Massachusetts-based company submitted a false claim, or that its actions were material to the government’s payment decisions. A…

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