Category: Case
-
China-built EVs hit with duties in biggest EU trade case yet By Reuters
•
By Philip Blenkinsop and Charlotte Van Campenhout BRUSSELS (Reuters) – The European Union will impose tariffs of up to 37.6 percent on imports of Chinese-made electric cars from Friday, EU officials said, raising tensions with Beijing in Brussels’ biggest trade issue yet. But there is a four-month window during which…
-
Ripple Intensifies Defense With New Submission In SEC Case
•
Ripple Labs has filed a Notice of Supplemental Authority to bolster its position in its ongoing legal battle with the Securities and Exchange Commission (SEC). The filing was filed in the United States District Court for the Southern District of New York in response to the SEC’s request for relief…
-
What Will Happen to the XRP Price if Ripple Loses its Case Against the US SEC
•
Turkish lire; Dr If Ripple loses the SEC lawsuit, the price of XRP could decline significantly, and the entire cryptocurrency market could see increased volatility. The regulator initially sought a penalty of $2 billion, but the latest proposal is $102.6 million, while the company is demanding a fine not to…
-
Okoth Obado off the hook, strikes deal with EACC in Sh2bn graft case
•
Former Migori governor Okoth Obado and the anti-graft body have reached a compromise in a deal that will see him confiscate two high-end cars, a house in Loricho and other properties worth Sh235 million. In an approval recorded before Supreme Court Justice Esther Maina, the Ethics and Anti-Corruption Commission dropped…
-
Binance Leaders Off the Hook in Nigeria Tax Evasion Case after Legal Shuffle
•
Today (Friday), Nigeria dropped tax evasion charges against two Binance executives after a local representative was appointed by the cryptocurrency exchange to handle the legal proceedings. Tigran Gambaryan, a US citizen and head of financial crimes compliance, and Nadeem Angarwala, the British-Kenyan regional director for Africa, have denied the accusations.…
-
Tesla bull case upped to $350 after Musk’s pay package approval
•
Shareholders of Elon Musk and Tesla (NASDAQ:) are having a “pop the champagne” moment after their controversial 2018 compensation package and Texas incorporation received overwhelming approval at the company’s annual meeting in Austin, Wedbush analysts said. Marking a pivotal moment for the company, company analysts expect the $20 to $25…
-
UK Wage and Price Growth Set to Slow, Bolstering Case for Interest Rate Cut
•
UK businesses plan to ease pay and price increases over the next year, paving the way for interest rate cuts this summer. This trend was highlighted in the latest poll conducted by the Bank of England’s decision-making committee. According to the survey, companies intend to increase wages by 4.1 percent…
-
Mike Lynch Acquitted of All Fraud Charges in Hewlett-Packard Case
•
British businessman Mike Lynch was acquitted Thursday of all 15 fraud charges in connection with the $11.1 billion sale of his company Autonomy to Hewlett-Packard in 2011. The trial, which began in March in San Francisco, follows a long extradition battle from England to the United States, where Lynch first…
-
Mike Lynch Acquitted of All Fraud Charges in Hewlett-Packard Case
•
British businessman Mike Lynch was acquitted Thursday of all 15 fraud charges in connection with the $11.1 billion sale of his company Autonomy to Hewlett-Packard in 2011. The trial, which began in March in San Francisco, follows a long extradition battle from England to the United States, where Lynch first…
-
SEC to Pay $1.8 Million in Fees Following Dismissal of Case Against Debt Box
•
The US District Court for the District of Utah dismissed the SEC’s case against Digital Licensing, which operates under the name Debt Box. The judge also ordered the SEC to pay approximately $1.8 million in attorney and receivership fees. The SEC ordered him to pay $1.8 million in fees In…
-
SEC, Terraform Labs, and Do Kwon Reach Agreement in Civil Fraud Case: Report
•
Terraform Labs and its founder, Do Kwon, have reached a settlement with the US Securities and Exchange Commission (SEC) following fraud allegations surrounding the collapse of the TerraUSD stablecoin, Reuters reports. The agreement, which was disclosed on the court’s website, was reached after a jury found Kwon and Terraform Labs…
-
Court rules DPP attempt to withdraw GDC case unsound
•
A Nairobi court has ruled that the decision by the Director of Public Prosecutions (DPP) Renson Ingunga to withdraw graft charges against former officials of the Geothermal Development Corporation (GDC) was not in the public interest. While rejecting the application to withdraw the charges against Mr. Nicholas Karume Wike, Peter…
-
Coinbase Strengthens Case For Interlocutory Appeal In Latest Petition
•
The long-running legal battle between Coinbase and the US Securities and Exchange Commission (SEC) continues to deliver more twists and turns in what may be a pivotal case in the regulatory history of cryptocurrencies. In a recent development, the US cryptocurrency exchange has now filed a response to the Commission’s…
-
Singaporean Woman Sentenced in £3B Bitcoin Fraud Case
•
A London court has sentenced a Singaporean woman, Wen Jian, to six years and eight months in prison for her role in laundering Bitcoin (BTC) linked to a stunning $6.4 billion Chinese scam. The case, which involved the seizure of more than 61,000 bitcoins by UK police, has highlighted the…
-
Carrefour loses appeal in abuse of buyer power case
•
The Supreme Court has upheld a decision convicting retailer Majid Al Futtaim Hypermarkets Limited, operating under the name Carrefour, of abuse of buyer power. Judge Anne Onjejo ruled that the retail chain’s conduct against its supplier Orchards Ltd, a yoghurt producer (which has since gone out of business), was exploitative.…
-
Do Kwon’s Extradition Case Sent Back to High Court after Appeal: Report
•
The decision to extradite Do Kwon to the United States or South Korea has been returned to the Supreme Court after the Montenegrin Court of Appeal approved an appeal by the Terraform Labs co-founder and his lawyers. Montenegro’s Vijesti news website reported today (Friday) that the country’s Court of Appeal…
-
Bristol Myers, Sanofi liability in Hawaii Plavix case grows to $916 million By Reuters
•
Written by Brendan Pearson (Reuters) – A Hawaii judge on Tuesday ordered Bristol-Myers (NYSE:) Squibb Inc Sanofi (NASDAQ:) to pay more than $916 million to the state for failing to warn nonwhite patients about health risks from the blood-thinner Plavix, up from a previous judgment of $834 million. The ruling…
-
Bristol Myers, Sanofi liability in Hawaii Plavix case grows to $916 million By Reuters
•
Written by Brendan Pearson (Reuters) – A Hawaii judge on Tuesday ordered Bristol-Myers (NYSE:) Squibb Inc Sanofi (NASDAQ:) to pay more than $916 million to the state for failing to warn nonwhite patients about health risks from the blood-thinner Plavix, up from a previous judgment of $834 million. The ruling…
-
Case Study: Enabling Bitcoin as a Medium of Exchange at the Bitcoin Asia Conference in Hong Kong
•
The Bitcoin Asia conference held on May 9-10, 2024 in Hong Kong demonstrated a significant milestone in the adoption of Bitcoin as a legitimate medium of exchange. This article describes the strategies and technologies applied to facilitate seamless Bitcoin transactions of goods and services over the course of two days,…
-
HMRC Seeks Another Bite in ‘Mega Marshmallow’ Tax Case
•
After losing twice in the protracted ‘huge marshmallow’ tax case, HMRC has announced its intention to lodge another appeal. Last month, the High Tax Court upheld a lower court ruling that “jumbo marshmallows” sold by London-based wholesaler Innovative Bites are not considered sweets and are therefore exempt from VAT. The…