A securities filing by Activision Blizzard shows that the company is cooperating with federal investigations into trading by friends of its CEO shortly before its disclosure of its sale to Microsoft Corp. In an amended proxy filing with the SEC, Activision… Read More ›
On Monday, a U.S. federal court in Texas has summoned lawyers for ZTE Corp for a hearing whether the Chinese telecommunications equipment maker violated probation in connection with an alleged conspiracy to commit visa fraud. The company is on probation in… Read More ›
The European Commission is taking a closer look into Microsoft Corp’s $16 billion acquisition of transcription technology company Nuance Communications Inc and has asked customers and competitors to draw up a list of concerns. The outreach is the most extensive scrutiny by… Read More ›
In a significant development, the U.S. Senate has passed a bill that aims to increase the fees that companies would have to pay government antitrust agencies in case of large mergers. As a result, these government agencies will also have… Read More ›
The Joe Biden Administration has defended a proposal by ConocoPhillips for developing oil fields in Alaska, backing the drilling project which was approved under the Trump Administration. “A Wednesday filing by the U.S. Department of Justice continues to defend a… Read More ›
The U.S. Department of Justice has begun an investigation on the collapse of Bill Hwang’s Archegos Capital Management, which cost large global banks more than $10 billion in losses. To this end, federal prosecutors in Manhattan have sent requests for… Read More ›
According to a report from Bloomberg citing sources familiar with the matter at hand, Karen Seymour, Goldman Sachs Group Inc’s general counsel is leaving the bank. Karen Seymour, Goldman’s top lawyer, played a pivotal role in negotiations the bank’s settlement… Read More ›
According to two sources familiar with the internal deliberations, U.S. President-elect Joe Biden Administration is weighing the odds of creating a White House position focused “on competition policy and issues relating to antitrust”. One of the sources has cautioned that… Read More ›
In a statement, the U.S. Department of Justice stated, Gilead Sciences Inc has agreed to settle allegations that it improperly used the Caring Voice Coalition as a conduit to cover thousands of patients’ co-payment obligations and has agreed to pay… Read More ›
On Wednesday, in a statement Swiss private Julius Baer said, it is in advanced negotiations with the U.S. Department of Justice over alleged money laundering and corruption involving FIFA; the development is likely to lead to a double-digit million U.S…. Read More ›
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