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...
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...
Allianz US Unit Ordered to Pay $6 Billion in Securities Fraud Case July 13, 2023 By Bob Van Voris A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for misrepresenting the...
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...
Former Chair Ghosn Sues Nissan for $1B in Lebanon June 20, 2023 Former Nissan chairman Carlos Ghosn has sued the company for more than $1 billion in a lawsuit filed to Lebanon’s...
Appeals Court Won’t Revisit Towers Watson $80M D&O Denial for Willis Merger Lawsuits June 7, 2023 By Andrew G. Simpson A federal appeals court has denied insurance broker Towers Watson a rehearing of a May ruling that found it may...
CFO of UK’s Prudential Resigns Amid Probe Into Conduct May 31, 2023 By Bei Hu Prudential Plc Chief Financial Officer James Turner resigned on Wednesday amid a probe into a code of conduct matter related...