Billionaire SPAC Kings Dragged to Court After Boom Goes Bust June 2, 2023 By Bailey Lipschultz The unwinding of the blank-check stock frenzy, one of the hottest pandemic-era trends on Wall Street, is playing out its...
Georgian Billionaire Wins $926M From Credit Suisse After Fraud May 26, 2023 By John Revill Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister on Friday for losing part of his...
Towers Watson Hits Bump in Road to $80M Insurance for D&O Claims Over Willis Merger May 10, 2023 By Andrew G. Simpson A judicial panel of the Fourth Circuit Court of Appeals has ruled insurance broker Towers Watson may not be entitled...
Coinbase Executives Sued for Dumping Stock, Saving $1 Billion May 2, 2023 By Robert Burnson Coinbase Inc. Chairman and Chief Executive Officer Brian Armstrong, board member Marc Andreessen and other officers avoided more than $1...
Epstein Victim Suing JPMorgan Seeks Class-Action Status May 1, 2023 By Robert Burnson A victim of Jeffrey Epstein asked a judge to let her represent more than 100 other women in a lawsuit...
Allegations Against Former Barclays CEO Staley ‘Very Serious’: CEO April 27, 2023 By Lawrence White Allegations made against British bank Barclays’ former CEO Jes Staley regarding his ties with sex offender Jeffrey Epstein are “very...
Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds March 27, 2023 Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional...
Amgen Sued by Pension Fund for Failing to Disclose $10B Tax Bill on Timely Basis March 14, 2023 By Robert Burnson Amgen Inc. misled investors about its financial health by failing to reveal that it may be on the hook for...
Credit Suisse ‘Seriously Breached’ Risk Management Obligations in Greensill Case March 2, 2023 By Hugo Miller and Myriam Balezou Credit Suisse Group AG “seriously breached” its risk management obligations in the Greensill Capital supply-chain financing affair, Switzerland’s banking regulator...
Former Wirecard Executives in the Dock as Germany’s Biggest Fraud Trial Begins December 6, 2022 By Jörn Poltz and Christian Kraemer Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s...