Herbert Smith Freehills and Kramer Levin Unveil Transatlantic Merger: A $2 Billion Global Legal Powerhouse In a significant development in the legal industry, Anglo-Australian law firm Herbert Smith Freehills (HSF) and New York-based Kramer Levin have announced plans to merge, pending partner approval. This landmark merger, described by both firms as a “bold, strategic move,” […]
Judge to Decide Whether Trump’s Hush Money Conviction Can Stand: A Landmark Test of Presidential Immunity A New York judge is expected to make a pivotal decision this week regarding Donald Trump's conviction over hush money payments made to adult film actress Stormy Daniels in 2016. At the heart of this decision is the issue […]
KFC Files Lawsuit Against Church’s Texas Chicken Over “Original Recipe” Trademark Dispute On November 11, Yum! Brands’ KFC filed a federal lawsuit against Church’s Texas Chicken, alleging that the fast-food competitor infringed on its trademark by using the phrase “Original Recipe” in advertising campaigns. KFC claims that Church’s use of the term, long associated with […]
Q3 2024 LFFI: Law Firms See Record Profits Amid Growing Demand As the year winds down, law firms are showing exceptional financial strength, deftly managing growth and productivity enhancements while balancing higher expenses with rising revenues. According to the latest Thomson Reuters® Institute Law Firm Financial Index (LFFI) for the third quarter of 2024, law […]
FTX Sues Binance and Former CEO Zhao Over $1.8 Billion in Alleged Fraudulent Transfers FTX has filed a lawsuit against Binance and its former CEO, ChangPeng Zhao, in an effort to recover nearly $1.8 billion that it claims was fraudulently transferred during a share transaction. The legal action, initiated by the estate of the now-defunct […]
Diddy Seeks Bail Again, Argues Evidence Reveals Consensual Relationship in Some Alleged Crimes Sean “Diddy” Combs, the music mogul and entrepreneur, remains in custody on federal charges related to sex crimes, including allegations of sex trafficking, racketeering, and transportation for prostitution. Combs’ legal team has filed a renewed bail motion, asserting that new evidence justifies […]
RHOC’s Shannon Beador and Ex John Janssen Head for Jury Trial in $75,000 Financial Dispute Shannon Beador and John Janssen Dispute Over Alleged Loans Shannon Beador, star of The Real Housewives of Orange County, and her former partner, John Janssen, are pressing for a jury trial in their ongoing financial dispute over $75,000. The court […]
MicroStrategy Acquires $2.03 Billion in Bitcoin, Raising Holdings to $23 Billion. MicroStrategy Inc. has significantly expanded its Bitcoin holdings by acquiring approximately 27,200 BTC for $2.03 billion. This purchase, executed between October 31 and November 10, is part of the company’s ongoing strategy to incorporate cryptocurrency into its corporate assets. The acquisition, funded by proceeds […]
"The Englishman" Sentenced to more than 7 Years in Prison for Money Laundering and Ordered to Pay $150K to DEA. Daniel Shaun Zilke, 49, also known as “The Englishman,” has been sentenced to over 7 years in prison by U.S. District Judge R. Gary Klausner. In addition to his prison term, Zilke was ordered to […]
NatWest Repurchases £1 Billion of Shares from the UK Government. NatWest has repurchased £1 billion worth of its shares from the UK government, marking another significant step toward the bank's ongoing privatization. This repurchase follows a decision to abandon plans to sell a portion of the shares to retail investors, a move that highlights the […]
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