News
Winston & Strawn Fails to Nix Malpractice Suit Over Bank Startup
9+ hour, 23+ min ago (112+ words) Winston & Strawn Fail to Toss Malpractice Suit Over Bank Startup'Bloomberg Law News Winston & Strawn LLP lost its bid to dismiss a bankruptcy trustee's malpractice claim in a lawsuit over the collapse of "anti-woke" banking startup Glori Fi. Judge Michelle V. Larson…...
Swiss Re Fails to Shut Down Plan Fees, Forfeiture Handling Suit
2+ week, 2+ day ago (123+ words) news. bloomberglaw. com Swiss Re America Holding Corp. couldn't escape a lawsuit Monday alleging its handling of a $1. 45 billion retirement plan violated the Employee Retirement Income Security Act. Four former Swiss Re employees sufficiently alleged that their ex-employer's investment process…...
Lawyer Behind Starbucks Labeling Challenge Gets Sanctions Lifted
4+ week, 10+ hour ago (95+ words) Bloomberg Law News Class action attorney Spencer Sheehan escaped a contempt order and sanctions after the Second Circuit ruled that a federal judge abused his discretion when issuing the decision. Sheehan didn't act in bad faith, the US Court of…...
Partnership Has No Basis in $610 Million German Note, Court Says
1+ mon, 1+ week ago (102+ words) Bloomberg Law News A German holding company and a partnership both have zero basis in a $610 million promissory note contributed to one of the holding company's subsidiaries, the US Tax Court held Monday, granting the IRS summary judgment. German holding…...
Apple Scales Back Diversity Language for Board Director Nominees
3+ mon, 6+ day ago (105+ words) Bloomberg Law News Apple Inc. , catching up with many of its peers, has curtailed most references to "diversity" in annual meeting materials, including from the criteria for considering new board candidates. The company's Jan. 8 proxy statement says the board's nominating…...
RTX Suit Over Job Ads Targeting Recent Grads Gets Class Status
3+ mon, 2+ week ago (92+ words) Bloomberg Law News RTX Corp. failed to block a collective action asserting its use of job advertisements seeking recent college graduates and workers with limited experience discriminates based on age. The amended complaint contains allegations that make the "modest factual…...
South Africa Weighs 20% Tax on Online Gambling to Curb Risks
4+ mon, 2+ week ago (127+ words) South Africa is considering imposing a 20% tax on online gambling to curb its rapid growth and address related social harms. "Due to the surge in online gambling and its impact on society, it is proposed that a 20% tax is applied…...
Total Not Tied to Alleged Crime at Mozambique Project, CEO Says
4+ mon, 3+ week ago (140+ words) Total Energies SE Chief Executive Officer Patrick Pouyanne rejected accusations the French energy firm has responsibilities in alleged killing of civilians four years ago at its liquefied natural gas project site in Mozambique. The company "is accused of having directly…...
South Africa Unemployment Rate Declines for First Time This Year
5+ mon, 4+ day ago (101+ words) South Africa's unemployment rate dropped for the first time this year in the third quarter as the construction, community and trade industries added jobs. The jobless rate declined to 31. 9% in the three months through September, from 33. 2% in the prior quarter,…...
Ex-Glencore Staff Plead Not Guilty to Africa Bribery Charges (2)
5+ mon, 5+ day ago (112+ words) Four former Glencore Plc staffers charged with bribery offenses related to winning the commodity trading firm business in West Africa pleaded not guilty in London. Martin Wakefield, David Perez, Paul Hopkirk and Ramon Labiaga appeared at Southwark Crown Court on…...