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Microsoft Sued by Shareholders Over Expenses, Cloud Business, AI
Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure. …
POSTED JUNE 16, 2026 5:07 AM |
Miami Tech Investor Revives $3 Billion Real Estate Development
More than a decade after announcing plans for a large real estate development in Miami’s Little Haiti neighborhood, technology investor Bob Zangrillo is reviving the project, now pitching it as a home for the city’s growing roster of AI companies. …
POSTED JUNE 16, 2026 5:02 AM |
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit
A high-ranking Mississippi Insurance Department official has been placed on leave after allegations that he and his wife diverted more than $90 million from a credit union that is now in receivership. Chad Bridges, director of financial and market regulation …
POSTED JUNE 16, 2026 5:01 AM |
CVS Paying $36.5 Million for Overbilling Medi-Cal for Insulin Pens
CVS is paying $36.5 million for submitting false claims to the Medi-Cal program for excessive dispensing of insulin pens. A settlement pursued by California Attorney General Rob Bonta in collaboration with the United States Department of Justice with CVS Pharmacy, …
POSTED JUNE 16, 2026 5:00 AM |
Ads in New York Must Now Label AI-Generated ‘Synthetic Performers’
Any advertisements in New York that feature artificial intelligence-generated people in place of actors will now be violating state law if they don’t clearly label that they have used a “synthetic performer.” The law, signed in December by Gov. Kathy …
POSTED JUNE 16, 2026 5:00 AM |
Washington County Prosecuting First Insurance Fraud Case Under OIC Deal
A county with one of the highest volumes of insurance fraud cases in Washington has filed its first changes under a new agreement with the state’s insurance regulator. The Pierce County Prosecuting Attorney’s Office filed insurance fraud charges in Pierce …
POSTED JUNE 16, 2026 5:00 AM |
Missouri Sues Baby Monitor Manufacturer for Alleged Links to Chinese Military
Missouri Attorney General Catherine Hanaway has filed a lawsuit against Lorex Corporation, a major seller of home cameras and baby monitors. The lawsuit alleges Lorex has concealed material ties to the Chinese military via its manufacturer, Dahua, putting families at …
POSTED JUNE 15, 2026 4:23 PM |
Musk’s xAI Accused of Illegally Firing Engineer Who Raised Safety Concerns
A former engineer at Elon Musk’s xAI who now heads a think tank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising concerns about the risks artificial intelligence poses to humanity. Devin …
POSTED JUNE 15, 2026 3:42 PM |
Florida Tries to Block Rescue Pets from New Mexico and Texas as Screwworm Spreads
The Florida Department of Agriculture and Consumer Services Pets has barred pets rescued from shelters in Texas and New Mexico in a beefed-up effort to stop the spread of the New World Screwworm pest that infests livestock. “We will respond …
POSTED JUNE 15, 2026 3:33 PM |
Louisiana State Senate Confirms Four Leadership Appointments at LDI
The Louisiana State Senate confirmed four of Insurance Commissioner Tim Temple’s key senior staff appointments to their positions during the 2026 Legislative Session. Whitney Greene, who joined the department on March 23, was confirmed as Executive Counsel, where she serves …
POSTED JUNE 15, 2026 2:57 PM |
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