The complaint, filed on behalf of investor Marc Bain Rasella, accuses Musk of violating a regulatory deadline to disclose his stake in Twitter when it was at least 5%. Instead, Musk allegedly announced details of his Twitter shares only after they almost doubled. Under US Securities law, investors are required to disclose their shares within […]
Amy Wilson Weymouth, Associate in the family team at Gardner Leader, explains everything you need to know about divorcing your business partner. Setting up a business with your spouse can be an exciting and thrilling time. The possibilities are endless as you look to the future and work together to achieve your business dream. Often […]
It is very common for startups to use investors whether it is through angels or VCs to help build and grow their business. But, eventually, it can get to the point where the business does not grow and you become one of the 50% of startups that fail. So what does this mean to the […]
Why the change in terms? Well, it's all about becoming fairer and easier to understand too. And the change comes after a review by the FCA (Financial Conduct Authority), which later encouraged companies to make changes to terms that were possibly harmful to consumers. It turns out that Klarna, Laybuy, Openpay, and Clearpay must: No […]
The Quincecare duty is in the spotlight again as the Court of Appeal extends the scope of the duty imposed on banks in cases of authorised push payment fraud.
Throughout the history of the legal sector, it has always been clear that law firms are not like "normal" companies. Law firms never have CEOs, as a corporation would, with a partnership system in which those at the top are paid directly from the firm's profits, rather than receiving a fixed salary. Aside from the […]
The world in 2022 looks very different than it did even five years ago. Shifts in economic, consumer, and working practices were already underway; Covid-19 has accelerated these changes at a pace once unimaginable. Central to many of these developments in how we work, live and shop is digital innovation, which brings with it new […]
In a February 9 letter made public on Monday, Mazars USA told the Trump Organization that its financial statements for 2011 to 2020 should no longer be relied on. The disclosure comes as part of New York Attorney General Letitia James’ civil investigation into the former US President’s New York-based real estate business. The investigation […]
Credit Suisse is the final bank defendant left in the antitrust litigation which began in 2013. Since, 15 other banks have reached $2.31 billion of settlements. Investors claim Credit Suisse traders shared non-public pricing information with traders at other banks, including in an online chat room called “Yen Cartel.” US District Judge Lorna Schofield said […]
Following the 2008 financial crisis, there was a wave of complaints by SMEs against banks that has yet to be fully resolved. How does the BBRS aim to tackle it?
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