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...
PwC Australia Asset Sale Unlikely to Repair Firm’s Tarnished Reputation: Experts June 27, 2023 By Lewis Jackson PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice...
McKinsey Creates New Ethics Role After $641 Million Opioid Fallout June 22, 2023 By Matthew Boyle and Irina Anghel McKinsey & Co. is beefing up its ethics department after a series of high-profile controversies, including helping Purdue Pharma LP...
Maine AG Fines Moving Company Over Threatening Emails to Negative Reviewers February 1, 2023 A moving and storage company in Maine has agreed to pay a $125,000 fine and refrain from using a misleading...
Australia’s Westpac Banking Fined A$113M for Multiple Compliance Breaches April 22, 2022 An Australian court ordered Westpac Banking Corp. to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across...
Credit Suisse Plunged Into Chaos After Chairman Ousted for Breaching COVID Rules January 17, 2022 By Ambereen Choudhury and Patrick Winters The banker tasked with fixing Credit Suisse Group AG was ousted just nine months into the job for breaching COVID...
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...
Former Atlantia Execs Face Trial over 2018’s Fatal Genoa Bridge Collapse: Sources June 25, 2021 By Emilio Parodi and Francesca Landini Italian prosecutors investigating the deadly collapse of a bridge in 2018 have asked for 59 people, including former Atlantia CEO...
Peloton Apologizes; Reverses Course; Will Recall Treadmills May 6, 2021 By Sanjana Shivdas Peloton announced a recall of its treadmills on Wednesday, reversing course just weeks after saying there was “no reason” to...