legal action
- Finance
Ex-Dechert partner leaked client info to SFO, court finds
Eurasian Natural Resources Corporation has succeeded in a claim against the Serious Fraud Office and law firm Dechert in a…
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DOJ sues casino mogul Steve Wynn for failing to register as agent for China
WASHINGTON — The Justice Department sued longtime Las Vegas casino mogul Steve Wynn on Tuesday to compel him to register…
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Allianz subsidiary takes $6bn hit after pleading guilty to securities fraud
One of Allianz’s US investing divisions pleaded guilty and agreed to pay more than $6bn in penalties and restitution for a scheme…
Read More » - Tech
Anthem Looks to Fuel AI Efforts With Petabytes of Synthetic Data
Anthem Inc.’s chief information officer says he is working with Alphabet Inc.’s Google Cloud to create a synthetic data platform…
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KPMG fined £14m and ex-partner faces 15-year ban over forging documents in Carillion probe
KPMG is set to receive a £14.4m fine and one of its ex-partners is facing a 15-year ban from the…
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EY hit with £2bn lawsuit over NMC Health audits
Big Four auditor EY has been hit with a lawsuit by the administrators of collapsed FTSE-100 healthcare business NMC Health.…
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Carter-Ruck, CMS lawyers should face US visa bans over Russia work, says US congressman Steve Cohen
A US congressman has called for UK libel lawyers from law firms such as CMS, Carter-Ruck and Harbottle & Lewis…
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Twitter shareholder sues Elon Musk over delayed disclosure of his stake
A Twitter Inc. shareholder is suing Elon Musk, claiming he and others suffered financial losses because of the billionaire’s delay…
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Boris Johnson and Rishi Sunak to receive fines over lockdown parties
British Prime Minister Boris Johnson and Chancellor Rishi Sunak will be fined by UK police for breaking Covid-19 lockdown rules,…
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Trump insiders Peter Navarro and Dan Scavino held in contempt of Congress over refusal to appear before Jan. 6 committee
WASHINGTON (AP) — Former Trump advisers Peter Navarro and Dan Scavino were held in contempt of Congress on Wednesday for…
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Sens. Murkowski and Romney will vote to confirm Jackson, becoming 2nd and 3rd Republicans to back Supreme Court nominee
Republican Sens. Lisa Murkowski and Mitt Romney say they will vote to confirm Judge Ketanji Brown Jackson’s “historic nomination” to…
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S&P to pay $78,750 to settle alleged violation of US sanctions against Russia
S&P Global agreed to settle allegations it violated US sanctions when it continued to extend credit to Rosneft after the…
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Deutsche Bank set to face investor lawsuits over allegations it enabled US Ponzi scheme
Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank for allegedly ignoring warnings…
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U.S. average daily deaths from COVID fall below 800 to lowest level since mid-August, and FDA allows second booster shot for people 50 and older
The average number of daily deaths from COVID-19 in the U.S. has fallen below 800 for the first time since…
Read More » - Tech
U.S., EU Reach Preliminary Deal on Data Privacy
BRUSSELS—The U.S. and the European Union reached a preliminary deal to allow data about Europeans to be stored on U.S.…
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Brother and sister accused of $124m crypto scam advertised with Times Square billboard
A crypto-savvy brother-sister team has been accused of running a $124m scam on investors in a crypto-mining operation purported to…
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Tesla boss Elon Musk and brother’s trades investigated by SEC
The Securities and Exchange Commission is investigating whether recent stock sales by Tesla chief executive Elon Musk and his brother, Kimbal Musk, violated insider-trading…
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Lloyds’ profit dented by fraud-related costs as bank sets out fresh strategy under Charlie Nunn
Lloyds Banking Group reported a rise in pretax profit for the fourth quarter of 2021 that fell short of market…
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Putin launches invasion of Ukraine; Biden condemns ‘unprovoked and unjustified’ attack
MOSCOW — Russian troops launched their anticipated attack on Ukraine on Thursday, as President Vladimir Putin cast aside international condemnation…
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NatWest dismissed a cancer-stricken director — now it faces a £2m legal claim
NatWest was accused of being “in a state of denial” during the closing arguments of an employment tribunal over unfair…
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Goldman Sachs boss David Solomon has pay doubled to $35m
After posting a record annual profit, US investment bank Goldman Sachs doubled David Solomon’s pay in 2021. Solomon, chief executive…
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Short-seller ‘spoofing’ and ‘scalping’ face Justice Department probe
Federal prosecutors are investigating whether short-sellers conspired to drive down stock prices by sharing damaging research reports ahead of time…
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BlackRock, abrdn plus 123 others make the cut for tough ESG code, firms with £12tn AUM fail
A third of asset managers and other groups that applied to become signatories to a tough governance code for investors…
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Supreme Court blocks pandemic ban, allows evictions to resume nationwide
WASHINGTON — The Supreme Court’s conservative majority is allowing evictions to resume across the United States, blocking the Biden administration…
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Twin suicide bombings outside Kabul airport kill 13 and leave 15 wounded
KABUL, Afghanistan (AP) — Two suicide bombers and gunmen targeted crowds massing near the Kabul airport Thursday, in the waning…
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Meet cardano, the cryptocurrency coming for bitcoin’s crown
As the long-fought battle between bitcoin and ether rages on, newcomers are climbing up the ranks with underlying technology upgrades…
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T-Mobile is investigating a hack of 54 million people’s data — here’s what to do if you think your data was exposed
T-Mobile is investigating a hack of personal data involving about 54 million of its current, former and prospective customers. The…
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Weekend reads: What to do if a company you trust has failed to protect your personal data
There’s never a shortage of trouble in the world, but if a data breach causes your personal information to be…
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Binance hires ex-US Treasury investigator to combat crypto money laundering
Crypto exchange Binance has hired a former US Treasury criminal investigator as its global money laundering reporting officer. Greg Monahan…
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Home Depot uses Bluetooth to prevent stolen items from working and combat organized retail crime
Home Depot Inc. is using Bluetooth to deter organized retail crime, such as coordinated groups that steal from the retailer…
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SFO’s boss in spotlight as fraud hunters ask: ‘When are they going to do something?’
Some in the City are wondering how sharp the SFO’s teeth are anymore as the UK agency tasked with investigating…
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Investors take aim at construction firms over modern slavery
A cohort of investors led by CCLA, the UK investment manager which oversees more than £12bn on behalf of charities…
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Jury selection on pause for ex-cop Derek Chauvin as additional murder charge is pending in George Floyd’s death
MINNEAPOLIS (AP) — The judge overseeing the trial of a former Minneapolis police officer accused in the death of George…
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