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 […]
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 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 […]
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 […]
M&S claim Aldi’s gold flake blackberry and clementine gin liqueurs are “strikingly similar” to its own product in court papers. It lists several features that it says are protected, including the gin’s integrated light feature, gold leaf flakes, a winter forest graphic, and the bell shape of the bottle. In its intellectual property claim, M&S […]
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. […]
Settlement Conferences This entails both parties and their lawyers appearing before a judge to see if the case can be settled without going to trial. This is usually done early on in the proceedings, and if it's not successful, the court will schedule a date for trial. This is how Fortinet reached a settlement with […]
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