In a significant development, a Delaware judge ruled that Tesla Inc’s Chief Executive Officer, CEO, Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker to acquire SolarCity Corp in 2016, when Musk was its chairman… Read More ›
A court in Russia has fined Alphabet Inc.’s Google $137,763 (11 million roubles) for failing to delete “fake” news produced by Ukrainian far-right groups on YouTube. Previously, Russia had warned the US company that it would punish it for “spreading… Read More ›
As per a report from Interfax, a Russian court has told Google and Wikimedia Foundation to delete “fake” information regarding the Ukraine conflict or face fines. On Thursday, Russian communications watchdog had told Google it would face fines over its… Read More ›
In a significant development, Britain is set to join the European Union, the United States and Australia in a trade case against China at the World Trade Organization over Beijing’s alleged trade curbs on Lithuania, in a move aimed at… Read More ›
In a stock exchange filing, AirAsia X Bhd said, the Malaysian high court has granted it a nine-month extension on a restraining order preventing creditors from filing any legal proceedings against it. Earlier this year in March, the Malaysian high… Read More ›
3M Co has won a lawsuit wherein the plaintiff had alleged that the company had covered up defects in the design of earplugs that are used by the military. This is the second case alleging that 3M fudged test results, hid… Read More ›
In a statement electronic trading firm Citadel Securities said, it has appointed Heath Tarbert as its chief legal officer. The development comes after Tarbert resigned as chair of the Commodity Futures Trading Commission (CFTC). Citadel, co-founded by billionaire investor Kenneth… Read More ›
Alibaba and SoftBank-backed China’s biggest mobile device power bank startup Energy Monster has been caught in an ownership dispute which clouds its chances of a Nasdaq debut, already buffeted by new U.S. regulations to delist foreign companies that do not… Read More ›
On Tuesday, a group of investors are set to ask a French court to back its $1.2 billion (1 billion euros) claim in damages from Vivendi, alleging that the media giant made false financial statements during a merger deal twenty… Read More ›
In a statement, the U.S. Securities and Exchange Commission said, it has suspended two former KPMG auditors from practicing before the regulator after it found that they had failing to properly conduct an audit of the now-defunct, not-for-profit college that… Read More ›
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