NatWest Markets admitted some of its traders in London, Singapore, and Connecticut were involved in a scheme to manipulate US Treasury market prices through a practice known as “spoofing” between 2008 and 2018. In addition to paying the $35 million fine, NatWest Markets also agreed to serve three years of probation. “As we have previously […]
On Thursday, a Moscow court announced it had fined social media giant Twitter 3 million roubles for failing to take down content that is deemed illegal in Russia. The fine comes as part of a long string of penalties against foreign technology firms operating in the country. Moscow has ramped up pressure on big tech […]
The US Securities and Exchange Commission (SEC) has rejected a bid by Apple Inc to block a shareholder proposal asking the tech giant to provide greater transparency in its effort to keep forced labour out of its supply chain. Earlier this year, a group of shareholders asked Apple’s board to prepare a report on how […]
The Volkswagen emissions scandal, often referred to as the dieselgate scandal, began in September 2015 when it emerged that the car giant had installed devices into its vehicles to rig its pollution emissions data. While the scandal initially appeared to be a German issue, it soon spread to other nations. Over 90,000 people in the […]
On Monday, the United States filed a civil forfeiture complaint to return over $150 million to a subsidiary of Tokyo-based Sony Corp after the funds were allegedly stolen then seized by law enforcement during the FBI’s investigation of the incident. Back in May, an employee of Sony Life Insurance Company Ltd in Tokyo allegedly embezzled […]
In the ruling, Delaware Superior Court Judge Eric Davis said that the voting machine company had demonstrated that “it is reasonably conceivable that Dominion has a claim for defamation per se.” Dominion filed a lawsuit earlier in the year against Fox News claiming that some of the media giant’s employees elevated false charges that Dominion […]
On Friday, the prosecution will have the opportunity to present a rebuttal before the case goes to the jurors. Elizabeth Holmes faces 11 charges of defrauding investors, medical professionals, and patients over Theranos’ blood-testing technology, which the company claimed could carry out hundreds of tests with just a single drop of blood. Holmes faces up […]
Under the settlement, Easterbrook has returned the equity awards and $105 million he received as a severance package in 2019. Easterbrook was sued by McDonald’s in August 2020, claiming he never gave directors a full picture of his relationships with employees at the company. Mcdonald’s said that, when it fired Easterbrook, it was only aware […]
The Ontario Superior Court ruled in favour of Cineplex and awarded the Canadian group damages of £725 million for lost synergies. Cineplex began legal proceedings shortly after the deal was scrapped, claiming a breach of good faith by Cineworld. The group claimed damages of $2.18 billion minus the value of shares retained by its shareholders. […]
The lawsuit was filed in September of this year by the US government and six US states that claim the deal between the two companies would result in higher fares in busy Northeastern US airports. In a court filing on Monday, the Justice Department and six states, which include California, Arizona, and Massachusetts, said that […]
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