Airbus Faces €300 Million Lawsuit From Group of Investors Over Bribery Scandal January 7, 2022 By Ellen Milligan and Charlotte Ryan Airbus SE is facing a 300 million euro ($340 million) lawsuit from a group of investors over allegations it failed...
China Evergrande’s Investors Protest, Shouting ‘Return Our Money!’ January 4, 2022 By David Kirton GUANGZHOU, China – Investors in financial products issued by China Evergrande Group protested outside the cash-strapped company’s offices in Guangzhou...
Investors Demand $2.5B in Possible German Class Action Over Bayer’s Monsanto Deal January 3, 2022 Investors are demanding around 2.2 billion euros ($2.5 billion) from Bayer as part of a possible class action lawsuit in...
Italian Judge Drops Case Against Unipol CEO Over Merger With Insurer Fondiaria December 27, 2021 An Italian judge on Thursday dropped a case against the CEO of Unipol and six other people related to the...
Bayer Faces Billion-Dollar Class Action Suit in Germany Over Monsanto Takeover December 17, 2021 BERLIN – Bayer faces a billion-dollar investor class action lawsuit in Germany over the takeover of U.S. seed manufacturer Monsanto,...
Australia’s Westpac Bank to Pay $80.6M in Penalties, Admits Charging Dead People November 30, 2021 By Adam Haigh Westpac Banking Corp. agreed to pay A$113 million ($80.6 million) in penalties after the Australian regulator alleged the lender had...
UK Accounting Firm Grant Thornton Fined for Audit of Café Chain Patisserie Valerie September 28, 2021 Accountancy firm Grant Thornton has been fined for its audit of Patisserie Valerie, the British cafe chain that collapsed in...
Ireland to Introduce Laws to Make Insurers, Bankers Accountable for Corporate Failings July 30, 2021 DUBLIN – Ireland will introduce long-anticipated laws to make senior bankers and executives in other financial sectors directly accountable for...
VW Investors Approve $339M Deal to Settle Diesel-Scandal Claims Against Former Execs July 23, 2021 FRANKFURT – Shareholders in Europe’s largest carmaker Volkswagen on Thursday approved a deal to settle claims against four former executives,...
Volkswagen’s D&O Liability Insurers Agree to Pay €270M of Diesel Emissions Payout June 10, 2021 By Christoph Steitz, Jan Schwartz and Thomas Escritt FRANKFURT — Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin...