The class action against the social media giant’s parent firm, Meta, was launched by competition law expert Liza Lovdahl Gormsen at the Competition Appeal Tribunal in London. Lovdahl Gormsen claims that Facebook used its dominant position to force users to agree to its “unfair” terms and conditions. The lawsuit, which is the first of its […]
Holmes was convicted on January 3 on three counts of fraud and one count of conspiring to defraud private investors in the blood-testing company. She currently remains free on a $500,000 bond secured by properties. According to court filings, Holmes plans to ask the judge overseeing her case to overturn her convictions. If the judge […]
In the motion filed on Friday, Robinhood argued that the temporary limits it imposed on trading during a social media-fueled rally in January 2021 were not deceptive as they were publicly announced by the company. The company also said that investors do not have a plausible claim that it stood to profit from lower share […]
The Supreme Court’s ruling comes in one of many disputes across the US involving pharmacies, pharmaceutical companies and drug distributors suing insurers to recover funds lost defending against and settling thousands of opioid lawsuits. In 2020, a lower-court judge ruled that various Chubb subsidiaries would have to defend Rite Aid against lawsuits by two counties […]
Aziz Rahman, Senior Partner at Rahman Ravelli, assesses the NatWest money laundering penalty for any pointers to the future. NatWest being fined £265 million for its money laundering failings will have come as little surprise to anyone – certainly not the bank. It pleaded guilty two months ago to charges brought by the Financial Conduct […]
The company is also asking judges in the UK to order Airbus to suspend the delivery of any of the jets until the alleged design defects have been rectified. Qatar Airways and Airbus have been in dispute for several months now over damages including blistered paint, cracked window frames, and erosion of a layer of […]
The rapid acceleration of modern technological advancement portends exciting things for the world of compliance, even as it outpaces existing regulations.
Offering crucial insights in civil and criminal cases involving finances, accredited forensic accountants are highly sought after for their unique skills.
On Friday, a preliminary settlement of the proposed class action was filed in Manhattan federal court, still requiring approval of US District Judge Analisa Torres. The bank’s customers are set to receive two years of fraud insurance coverage at a minimum, with each customer able to apply for reimbursement of up to $10,000 in losses. […]
Prosecutors said that the founder of the now-defunct medical startup had knowingly lied about Theranos’ technology, which she claimed could detect diseases with just a few drops of blood. The jury found Holmes guilty of four charges, including conspiracy to commit fraud against investors, and three counts of wire fraud. In total, Holmes faced 11 […]
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