In a significant development affecting Alphabet Inc’s Google,a judge in Arizona has ruled, Google has deceived users with unclear smartphone location tracking settings; the court refused to toss out a lawsuit brought on by the state’s attorney general. Google had… Read More ›
disclosures
US listed companies should disclose greenhouse gas emission data, worker demographic info: Eric Pan, president of the Investment Company Institute
In a significant development, an investment industry leader has urged U.S. regulators to require U.S. listed companies to disclose greenhouse gas emissions data and worker demographic information, in efforts to make such details available to ordinary shareholders. This call from… Read More ›
Washington state’s attorney general files lawsuits against Facebook Inc over political advertisements
Facebook is facing yet another lawsuit over its political advertisement policy on its platform. Washington state’s attorney general has filed a second lawsuit against Facebook Inc over political ads saying the social media giant has once again failed to make… Read More ›
Climate change making insurance premium unaffordable: Australia’s QBE Insurance Group
On Monday, Australia’s QBE Insurance Group stated, climate change is likely to make a group of insurance premiums unaffordable for customers who are exposed to extreme weather events. As a result, there is “material risk” for its operations across the… Read More ›
SEC proposes changes in Regulations S-K to ease compliance in regulatory filings
The move is part of a broader plan to modernize the compliance regime. In a significant development, the U.S. Securities and Exchange Commission has proposed changes to rules governing how publicly-traded companies disclose business, legal, and risk factors in regulatory… Read More ›
Commonwealth Bank of Australia faces class action lawsuit
In October 2017, a class action lawsuit was filed against CBA for failing to disclose widespread breaches of anti-money-laundering rules. On Monday, the Commonwealth Bank of Australia (CBA) disclosed that Phi Finney McDonald had served it with a class action… Read More ›
LGM Partners’s disclosures reveals details of vol-mageddon
For the first time, LGM massive losses, due to vol-mageddon, have now been revealed in a court filing. In the first public disclosure which details as to why LGM Partners Ltd, a fund manager, became one of the biggest casualties… Read More ›