Intel’s 10% Stake Sale to US Draws Lawsuit: California Brief
An Intel investor sued CEO Lip-Bu Tan and US Commerce Secretary Howard Lutnick over the chipmaker’s unprecedented sale of a 10% stake to the federal government last year.
An Intel investor sued CEO Lip-Bu Tan and US Commerce Secretary Howard Lutnick over the chipmaker’s unprecedented sale of a 10% stake to the federal government last year.
Elon Musk largely stuck to the script when he took the stand Wednesday in a trial over statements during his purchase of Twitter.
“The concert ticket industry is broken,” DOJ lawyer David Dahlquist told jurors at the start of the Live Nation trial. DOJ and dozens of states have accused the company of illegally monopolizing the market for live music.
Spending on federal AI influence hit an all-time high last year. Lobbying firms reported a record $37.2 million in earnings from AI-related influence peddling in the fourth quarter, a 38% jump from a year earlier, according to a Bloomberg Government analysis.

The California State University Board of Trustees sued the US Education Department Friday, claiming it violated federal law by threatening to revoke San José State University’s funding over a transgender volleyball player’s participation from 2022 to 2024.
The Justice Department Friday aired its first defense of President Donald Trump’s executive orders against law firms after reversing course on a move to drop the case earlier this week.
The Ninth Circuit on Friday paused a federal judge’s order that voided a Board of Immigration Appeals decision used by the Trump administration’s immigration judges to deny bond hearings to detained noncitizens and uphold its policy of mandatory detention.
Vacation rental company
Trove Brands LLC, which does business as BlenderBottle, can pursue its lawsuit against two online retailers allegedly selling shaker bottles that infringe its trademarks.
Anoxia Medical Inc. and Alembic LLC, both of which make medical catheters, have agreed to stop their patent infringement court fight as they attempt to finalize a settlement in the case.
Satellite-TV provider
California recovered $4 million in unpaid taxes and fees from thousands of car owners and dealers, and brought criminal charges against 14 people as part of a crackdown on luxury vehicles plated in Montana to evade state taxes and registration costs, officials announced Friday.
Kalshi Inc. should’ve paid out on a $54 million market speculating when Iran’s Supreme Leader Ali Khamenei would vacate his role after he was killed during US and Israeli airstrikes, a proposed class action said.
A few dozen California cities have lucrative deals with retail giants like Apple, Best Buy, and Nike. These deals result in the cities paying millions of dollars from their local tax revenue back to the companies. In this video, we explore how these deals work and what some city and state lawmakers are hoping to do about it.