South African Retailer Steinhoff to Sell Assets After $7B Accounting Fraud August 13, 2019 Scandal-hit South African retailer Steinhoff said on Tuesday its only hope for survival is to sell off assets to become...
Fallout from Money Laundering Scandal Continues as Fines Loom for Swedbank July 17, 2019 By Frances Schwartzkopff Swedbank AB acknowledged it will no longer be able to live up to its goal of paying out one of...
D&O Insurance Costs Soar as Investors Run to Court Over IPOs June 18, 2019 By Suzanne Barlyn Companies going public in the United States face insurance costs that have increased as much as 200% in the last...
Argo Shareholder Voce Ends Battle over Board Members, Alleges ‘Underhanded Tactics’ May 23, 2019 An activist Argo shareholder that had accused the insurer of extravagant spending and other corporate missteps has ended its battle...
VW’s Porsche Unit to Pay $599M to End German Probe into Rigged Diesel Engines May 8, 2019 By Karin Matussek and Christoph Rauwald Volkswagen AG’s Porsche sportscar unit agreed to pay 535 million euros ($599 million) to end a probe into rigged diesel...
Ex-Executives at French Telecoms Group Orange on Trial over Wave of Staff Suicides May 6, 2019 By Emmanuel Jarry and Mathieu Rosemain Former bosses at leading French telecoms group Orange were due to go on trial on Monday over a series of...
Activist Hedge Fund Voce Urges Argo to Cut $100M in Expenses, Nominates Directors May 1, 2019 By Svea Herbst-Bayliss An activist hedge fund on Tuesday nominated five directors and urged insurance company Argo Group International Holdings Ltd to cut...
Battle of Words Continues Between Argo Group and Activist Shareholder April 26, 2019 By Mark Hollmer An activist Argo Group shareholder accuses the company of using a corporate jet for 1,500 flights in recent months and...
Chubb Expands Insurance Coverage in Canada for Private Equity Firms April 10, 2019 Chubb is providing expanded insurance coverage, called “Private Equity+”, to address “the unique risks of Canadian private equity firms.” These...
Explaining Europe’s Growing Money Laundering Scandal April 8, 2019 By Francesco Guarascio The largest ever money laundering scandal in Europe is rippling through the region’s banks. It began in the Baltics and...