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Corporate Crime/Legal Action

Southwest Airlines More Influential in Early 737 MAX Training Than Previously Known, Legal Filing Shows

Southwest Airlines Co. LUV -2.05% played a bigger behind-the-scenes role in developing early Boeing BA -4.58% 737 MAX pilot training than previously known, according to a recent legal filing that cites internal Southwest and Boeing company documents.During the development of 737 MAX training, the carrier agreed with Boeing to remove from pilot manuals references to a version of the automated flight-control system that…

Hot Job Market, Strong Demand for CFOs Strain Due Diligence

The sudden exit of Moderna Inc.’s newly hired chief financial officer shines a light on the challenges companies and recruiters are facing in a tight job market, in which candidates often have more than one competing offer, forcing hiring managers to make quick decisions. Jorge Gomez, who on Monday started as Moderna’s CFO, departed on Tuesday, with immediate effect, the Cambridge, Mass.-based company said. He was recruited from dental supplies maker…

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

WASHINGTON—Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership.The Securities and Exchange Commission is probing Mr. Musk’s tardy submission of a public form that investors must file when they buy more than 5% of a company’s…

Apple’s China Engineers Keep Products Flowing as Covid Shuts Out U.S. Staff

BEIJING—Before the pandemic, Apple Inc. AAPL -3.03% sent hundreds of U.S. engineers each month to China to oversee the contract manufacturers that build most of its products.Now, in a shift, the global technology giant relies more on local engineers. Most U.S.-based Apple engineers have been shut out of China for the past two years by rigid border controls intended to keep the Covid-19 virus at bay. New iPhone models in 2020 were delayed, but since then Apple has largely…

Cerebral Receives Subpoena From Federal Prosecutors

Cerebral Inc., the online mental-health company, said on Saturday it has been subpoenaed by federal prosecutors as part of an investigation into possible violations of the Controlled Substances Act. Cerebral, one of a group of telehealth startups that have sprung up to treat attention-deficit hyperactivity disorder, said the grand jury subpoena was received on Wednesday from the U.S. attorney’s office for the Eastern District of New York. Cerebral said the subpoena was issued to Cerebral…

Moderna Seeks to Dismiss Covid-19 Vaccine Patent Lawsuit

Moderna Inc. is trying to fend off rival companies’ claims that its Covid-19 vaccine infringes their patents, arguing that the companies may only pursue their claims seeking royalties from the federal government.Moderna on Friday filed a motion to dismiss some of the patent-infringement claims in the lawsuit, which was filed in February by two small biotechnology companies, Arbutus Biopharma Corp. and Genevant Sciences GmbH, in federal court in Delaware. ModernaInc. is trying to fend off rival companies’ claims that

Facebook Deliberately Caused Havoc in Australia to Influence New Law, Whistleblowers Say

Last year when Facebook FB -6.77% blocked news in Australia in response to potential legislation making platforms pay publishers for content, it also took down the pages of Australian hospitals, emergency services and charities. It publicly called the resulting chaos “inadvertent.”Internally, the pre-emptive strike was hailed as a strategic masterstroke. Facebook documents and testimony filed to U.S. and Australian authorities by whistleblowers allege that…

Dubai Deliveroo Drivers Protest Pay Cut in Rare Strike

Thousands of food-delivery drivers walked off the job in Dubai over the weekend to protest low pay and poor working conditions, a rare act of defiance in the Middle East business hub where labor actions are criminalized.The foreign workers contracted by Deliveroo, a U.K.-based app that went public last year with backing from Amazon.com Inc., refused to make deliveries for over 24 hours, crippling the company’s service during a busy period at the end of Ramadan when Muslims fast during the…