Your source for the latest developments in the legal world. Our Legal News section provides timely updates on significant legal cases, regulatory changes, judicial decisions, and other key events that shape the legal landscape globally.
Dechert Advises Bank of America and Wells Fargo on Landmark $3.5 Billion CMBS Loan for Rockefeller Center. Dechert has advised Bank of America and Wells Fargo through the issuance of $3.5 billion commercial mortgage-backed security (CMBS) loan to Tishman Speyer to refinance the iconic Rockefeller Center complex in New York. This loan marks the largest […]
Tax Barrister Robert Venables KC Faces Tax Evasion Charges In a surprising turn of events, prominent tax barrister Robert Venables KC, affiliated with Old Square Tax Chambers in London, is facing prosecution for tax evasion. The allegations, which have significant implications for both Venables and the broader legal community, center around two counts of "cheating […]
Kessler Topaz Meltzer & Check, LLP Alerts Bumble Inc. Investors About Upcoming Deadline in Securities Fraud Class Action. Kessler Topaz Meltzer & Check, LLP has announced the initiation of a securities class action lawsuit against Bumble Inc. This action is on behalf of investors who acquired Bumble securities from November 7, 2023, to August 7, […]
Subway Faces Lawsuit Over Deceptive Meat Claims in Advertisements. Subway is facing a proposed class action lawsuit alleging the chain has been "grossly misleading" customers with advertisements for its sandwiches—specifically, the Steak & Cheese—that claim to be overflowing with meat. Filed in federal court in Brooklyn, the lawsuit takes issue with Subway’s marketing, suggesting that […]
FTX Settles Legal Dispute with Bybit for $228 Million. FTX has reached a $228 million settlement with Bybit and its investment branch, Mirana, allowing it to reclaim vital assets for its creditors. This settlement is particularly crucial as it includes approximately $175 million in digital assets and $53 million in BIT tokens, pending court approval. […]
Latham & Watkins Guides Major IPO for WeRide, Raising $440.5 Million. Latham & Watkins has successfully advised Morgan Stanley, J.P. Morgan, and China International Capital Corporation (CICC) in connection with WeRide's initial public offering (IPO) on the Nasdaq Stock Market. The IPO, along with associated private placements, generated approximately $440.5 million in gross proceeds. The […]
Lawsuit Claims AI Chatbot Contributed to Teen's Suicide. A Florida mother is taking a stand against the emerging dangers of artificial intelligence by filing a wrongful death lawsuit against Character.AI, alleging that an AI chatbot played a significant role in her 14-year-old son Sewell Setzer III's tragic suicide. Megan Garcia's 93-page lawsuit, filed in U.S. […]
Wrongful Death Lawsuit Filed Against Boar's Head Following Listeria Outbreak. A wrongful death lawsuit has been filed against Boar's Head in the wake of a devastating listeria outbreak, with the family of Otis Adams Jr. alleging that he contracted the illness from the company's deli meats. As of September 25, a total of 59 individuals […]
EngageSmart Class Action Lawsuit: Investor Opportunity. Bronstein, Gewirtz & Grossman LLC announces a crucial opportunity for investors of EngageSmart, Inc. who have suffered significant losses. A class action lawsuit has been filed against EngageSmart and its executives, offering affected investors a chance to seek justice and compensation. This legal action aims to recover damages for […]
Tennessee Entrepreneur Convicted in $35 Million Health Care Fraud Scheme. A federal jury has convicted Michael Kestner, a 72-year-old entrepreneur from Nashville, for orchestrating a staggering $35 million fraud scheme that exploited federal health care programs over nearly eight years. The jury found Kestner guilty of fraudulently billing for unnecessary medical injections, primarily targeting opioid-dependent […]
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