SPAC Mania’s Ugly End Yields $46 Billion of Investor Losses in 2023 December 27, 2023 By Jonathan Randles and Amelia Pollard Wall Street’s affair with blank-check firms, the finance fad that pushed companies onto the stock market during the COVID-19 pandemic,...
Australian Companies Face New Liability for Nature-Based Risks November 2, 2023 By Amy Bainbridge Australian companies and directors could face legal action if they fail to identify and account for nature-based risks, according to...
KPMG Hit With Record Fine in UK for ‘Textbook Failure’ in Carillion Audits October 13, 2023 By Huw Jones Britain’s accounting regulator on Thursday fined KPMG a record 21 million pounds ($26 million) for a “textbook failure” in audits...
US Supreme Court Takes Up Case Over Corporate Trend Disclosures September 29, 2023 By Jody Godoy The U.S. Supreme Court on Friday agreed to consider whether shareholders can sue companies for fraud when they flout a...
US Authorities Scrutinize if Credit Suisse Misled Investors Before UBS Rescue: Filing September 20, 2023 By Stefania Spezzati U.S. authorities are seeking evidence from Credit Suisse to assess whether the bank misled investors about its financial health as...
Credit Suisse Unit Ordered to Pay Georgian Tycoon Ivanishvili $743 Million September 20, 2023 By Hugo Miller A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili reduced damages of $742.7 million by a Singapore...
Sweden’s Ericsson Sued by 37 Shareholders for $170M: Media Report August 7, 2023 Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined 1.8 billion Swedish crowns ($170 million), saying its...
Tesla Directors Pay $735M to Settle Shareholder Lawsuit Over Excess Compensation July 18, 2023 By Tom Hals Tesla Inc.’s directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of...
Swiss Investor Group Lawsuit to Seek Compensation Over UBS-Credit Suisse Deal July 17, 2023 A Swiss investors’ association is planning to file a lawsuit seeking compensation for former Credit Suisse shareholders, the latest legal...
Former VW Executives Ordered to Testify in Investor Lawsuit July 11, 2023 By Karin Matussek A German court will call former Volkswagen AG executives as witnesses in a €9 billion ($9.8 billion) investor lawsuit over...