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The U.S. prohibition on interstate sports gambling will be widened to include online poker and other casino games under a Justice Department decision, experts said on Tuesday.

The department’s Office of Legal Counsel said in a November 2018 opinion, not released until late Monday, that a 1961 law called the Wire Act does in fact apply to interstate online poker and casino games, not just sports bets.

The Justice Department said on Tuesday it would delay implementation of the new restrictions for 90 days to allow businesses to adjust their operations.

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FedEx Corp will pay $35.4 million to settle three lawsuits in which New York state and New York City accused the company of shipping millions of untaxed cigarettes to residents over a decade.

The settlement announced on Monday came after a judge ruled last Oct. 15 that FedEx had knowingly violated a federal anti-cigarette trafficking statute, and a 2006 agreement with the state not to ship cigarettes to people’s homes.

New York officials said FedEx’s conduct undercut their efforts to protect public health by curbing smoking, and cheated the state and city out of tax revenue from cigarette sales.

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HSBC Holdings Plc has agreed to pay $30 million to settle litigation by investors who accused 11 big banks of rigging the roughly $9 trillion government agency bond market from 2009 to 2015.

The settlement with the British bank was made public late Wednesday night in the federal court in Manhattan, and requires approval by U.S. District Judge Edgardo Ramos.

HSBC is the third bank to settle, after Deutsche Bank AG and Bank of America Corp agreed in August 2017 to pay a respective $48.5 million and $17 million and cooperate with the plaintiffs.

Continue reading “HSBC to pay $30 million to settle bond rigging lawsuit in U.S.”

Chicago law firm Corboy & Demetrio said on Tuesday it filed a lawsuit against electric carmaker Tesla Inc alleging that its 2014 Model S sedan had a defective battery pack that caused the death of an 18-year old passenger in an accident last year.

Last May, a Tesla driven by Barrett Riley with passenger Edgar Monserratt Martinez crashed into a concrete wall and erupted in flames in Fort Lauderdale, Florida killing both the teenagers, according to the lawsuit.

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U.S. President Donald Trump said on Wednesday he has ordered a halt to federal disaster relief for California’s wildfires unless state officials involved in forest management “get their act together.”

“Billions of dollars are sent to the State of California for Forest fires that, with proper Forest Management, would never happen,” Trump wrote on Twitter, a day after western governors asked for greater federal investment in fire prevention.

“Unless they get their act together, which is unlikely, I have ordered FEMA to send no more money. It is a disgraceful situation in lives & money!” the president said, referring to the Federal Emergency Management Agency.

Continue reading “Trump to halt U.S. relief funds for California wildfires”