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...
Ex-Audi Boss Becomes 1st VW Board Member Sentenced for Fraud in Diesel Scandal June 27, 2023 By Jörn Poltz Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine months by a Munich court...
JPMorgan Chase $290M Settlement With Epstein Accusers Wins Preliminary Approval June 27, 2023 A U.S. judge on Monday granted preliminary approval to JPMorgan Chase’s $290 million settlement with women who said Jeffrey Epstein...
Credit Suisse to Appeal Bermuda Court Ruling Against Georgia’s Ex-Prime Minister June 26, 2023 A Bermuda appeals court on Friday largely dismissed Credit Suisse’s appeal in an ongoing case involving the Swiss bank’s local...