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 […]
Bethany Yeiser, founder of the CureSZ Foundation, speaks to Lawyer Monthly about the importance of working with mental healthcare professionals and developing an understanding of how mental illness diagnoses and treatment options often intersect with the law. When I was diagnosed with schizophrenia in 2007, I was certain my psychiatrist was wrong. I viewed schizophrenia […]
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 […]
Amid the emergence of the Omicron variant of coronavirus, an increasing number of law firms in the United States are delaying large-scale office returns and introducing other Covid-19 measures to protect employees. One large US firm has told employees to work from home, while another is now explicitly requiring Covid-19 booster shots for staff. On […]
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 […]
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