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Supreme Court blocks $6B Purdue Pharma deal

Published Tue, 12 Nov 2024 03:25:27 GMT

By Devan Cole and Ariana de Vogue | CNNThe Supreme Court on Thursday blocked Purdue Pharma from going forward with bankruptcy proceedings, which the Biden administration has called an “unprecedented” arrangement that would ultimately offer the Sackler family broad protection from opioid-related civil claims.In agreeing to pause the settlement, the court also said it would take up the case and hear arguments this December.The case arose after the reorganization in bankruptcy of OxyContin manufacturer Purdue Pharma – stemming from litigation arising from claims over its role in fueling the opioid addiction crisis.Until recently, Purdue was controlled by the Sackler family, who withdrew billions of dollars from the company before it filed for bankruptcy. The family has now agreed to contribute up to $6 billion to Purdue’s reorganization fund on the condition that the Sacklers receive a release from civil liability.The government, representing the US Trustee, has called the plan “except...

CA police raid ‘heavily fortified’ Brentwood home, seize 1,888 marijuana plants, firearm

Published Tue, 12 Nov 2024 03:25:27 GMT

BRENTWOOD — Police with the California Department of Cannabis Control raided a “heavily fortified” home in a quiet suburb here, seizing nearly 2,000 cannabis plants and a gun, authorities said.The Aug. 2 raid yielded 1,888 pot plants, $22,300 in cash and a loaded pistol that was found directly behind the residence, on a sidewalk authorities said is frequented by children. A 36-year-old man, arrested during the raid, admitted to throwing the gun when he saw police arrived, authorities said.The search took place on the 1600 block of Edera Place.The home, a lavish, 3,600-square foot property with six bedrooms and four bathrooms, had been retrofitted for cannabis growth and security, authorities said. The windows, doors and entrances to the garage all had thick steel bars lag bolted onto them, or were protected by large wooden beams.Police say the occupant didn’t immediate exit the residence, but when he did he was taken into custody without resistance. The pisto...

3 bodies found in Danville house; murder-suicide suspected

Published Tue, 12 Nov 2024 03:25:27 GMT

(KRON) -- Three people were found dead inside a Danville house and detectives are investigating the incident as a possible murder-suicide.Danville police officers went to the house on Larkwood Circle at 5:20 p.m. Wednesday to conduct a welfare check."Officers entered the residence and found three bodies, an adult and two juveniles," the Contra Costa County Sheriff's Office told KRON4. The deceased adult was identified Thursday as 44-year-old Nemanja Isailovic, of Danville.The names and ages of the juveniles were not released by law enforcement officials."No details will be provided at this time as it is an active investigation. There is no threat to the public," the Danville Police Department wrote.The Sheriff’s Office is actively investigating this case. Anyone with any information is asked to contact the Investigation Division at 925-313-2600. To make an anonymous tip, email [email protected] or call 866-846-3592.

Homeless advocates give list of demands to San Francisco

Published Tue, 12 Nov 2024 03:25:27 GMT

SAN FRANCISCO (KRON) -- A coalition of homeless advocates and civil rights attorneys released a list of demands for the City of San Francisco to settle a lawsuit that forbids police from forcing homeless residents off public property. The letter sent to City Attorney David Chiu on Thursday offers a proposed settlement to resolve the lawsuit, Coalition on Homelessness v. City of San Francisco. A U.S. District Court judge found in favor of the plaintiffs in the underlying lawsuit last year, and the court issued an injunction against San Francisco."At its heart, San Francisco’s homelessness crisis is an affordable housing crisis," said Cynthia Castillo, Policy Advocate of the Western Center on Law and Poverty. "Instead of ensuring that Californians without housing have universal access to a safe, permanent, and affordable place to live, harassment tactics continue to displace and segregate unhoused people. The city’s homelessness problem will never be solved until there is an affordabl...

DC United parts ways with midfielder Taxi Fountas after allegations of slur use found credible

Published Tue, 12 Nov 2024 03:25:27 GMT

D.C. United forward Taxiarchis Fountas (11) runs to the ball during the second half of an MLS soccer match against Inter Miami, Saturday, July 8, 2023, in Washington. The game ended in a 2-2 tie. (AP Photo/Alex Brandon)(AP/Alex Brandon) D.C. United forward Taxiarchis Fountas (11) runs to the ball during the second half of an MLS soccer match against Inter Miami, Saturday, July 8, 2023, in Washington. The game ended in a 2-2 tie. (AP Photo/Alex Brandon)(AP/Alex Brandon) D.C. United has parted ways with midfielder Taxi Fountas after a league investigation determined that there was credible evidence that he used a racial slur toward another player.In a statement to WTOP, MLS said they determined that there were ̶...

Harte-Hanks: Q2 Earnings Snapshot

Published Tue, 12 Nov 2024 03:25:27 GMT

CHELMSFORD, Mass. (AP) — CHELMSFORD, Mass. (AP) — Harte-Hanks Inc. (HHS) on Thursday reported profit of $580,000 in its second quarter.On a per-share basis, the Chelmsford, Massachusetts-based company said it had profit of 8 cents.The marketing company posted revenue of $47.8 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HHS at https://www.zacks.com/ap/HHSSource

Riley Greene, Reese Olson lead Tigers to series-clinching 3-0 win against Twins

Published Tue, 12 Nov 2024 03:25:27 GMT

DETROIT (AP) — Riley Greene broke up a pitcher’s duel with a sixth-inning homer and the Detroit Tigers beat the Minnesota Twins 3-0 on Thursday.Detroit’s third straight victory gave the Tigers a 3-1 win of the work-week series.“We really didn’t have a great game on Monday, but we bounced back and fought hard for these three wins,” Tigers manager A.J. Hinch said. “We had timely hits, guys were making good plays all over the defense and we obviously pitched really well.“But we’ll see these guys again in a few days in Minnesota.”Minnesota had won five straight after taking Monday’s opener.“We came in playing good and we played well in the first game,” Twins manager Rocco Baldelli said. “After that, we just didn’t give ourselves enough opportunities.”The Twins had two singles, the last in the fifth inning.“We were trying to do a difficult thing — winning a game without scoring,” Baldelli said. “That’s not going to work out.”Reese Olson (2-...

Viav Solutions: Fiscal Q4 Earnings Snapshot

Published Tue, 12 Nov 2024 03:25:27 GMT

CHANDLER, Ariz. (AP) — CHANDLER, Ariz. (AP) — Viavi Solutions Inc. (VIAV) on Thursday reported a loss of $100,000 in its fiscal fourth quarter.The Chandler, Arizona-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for one-time gains and costs, came to 10 cents per share.The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.The communications equipment company posted revenue of $263.6 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $252.4 million.For the current quarter ending in September, Viav Solutions expects its per-share earnings to range from 9 cents to 11 cents.The company said it expects revenue in the range of $240 million to $260 million for the fiscal first quarter._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Inv...

Talis: Q2 Earnings Snapshot

Published Tue, 12 Nov 2024 03:25:27 GMT

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Talis Biomedical Corp. (TLIS) on Thursday reported a loss of $15 million in its second quarter.The Redwood City, California-based company said it had a loss of $8.27 per share.The infectious disease diagnostics company posted revenue of $581,000 in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TLIS at https://www.zacks.com/ap/TLISSource

Amprius: Q2 Earnings Snapshot

Published Tue, 12 Nov 2024 03:25:27 GMT

FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Amprius Technologies Inc. (AMPX) on Thursday reported a second-quarter loss of $9.4 million, after reporting a profit in the same period a year earlier.On a per-share basis, the Fremont, California-based company said it had a loss of 11 cents.The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 11 cents per share.The battery maker posted revenue of $1.6 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $483,000.Amprius shares have decreased 16% since the beginning of the year._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMPX at https://www.zacks.com/ap/AMPXSource