Deutsche Bank has now taken several remedial measures to mitigate the issues revolving around its hiring practices and internal accounting controls. In a statement the Securities and Exchange Commission (SEC) stated, Deutsche Bank has agreed to pay more than $16… Read More ›
settle
SEC fines BMO Capital Markets and Cantor Fitzgerald & Co over ADR malpractices
SEC Chairman Jay Clayton’s efforts to clean up the securities market are paying off. In a statement, the Securities and Exchange Commission (SEC) disclosed, BMO Capital Markets and Cantor Fitzgerald & Co have agreed to pay $3.9 million and $647,000… Read More ›
Bayer proposes to pay $8 billion to settle 18,000 U.S. lawsuits over Monsanto’s Roundup weedkiller
Bayer’s strategic could potentially significantly reduce headwinds revolving around lawsuits stemming from Monsanto’s glyphosate-based weedkiller – Roundup. On Friday, shares of Bayer surged by 11% following a report from Bloomberg that it has proposed to pay $8 billion in order… Read More ›
Legal costs will determine whether Bayer AG would settle glyphosate related cases
According to one of the attorneys for the plaintiff, Bayer’s claims on glyphosate were “hypocritical beyond belief” given its own efforts to control the message on glyphosate, the most recent of which is a full-page advertisement in the Washington Post…. Read More ›
Goldman Sachs settle class action lawsuit with $56.5 million
The lawsuit involves several leading banks which have conspired to rig rate benchmarks, commodities and securities prices. The remaining defendants in the lawsuit are HSBC Holdings Plc, BNP Paribas SA Morgan Stanley, UBS AG, ICAP, Wells Fargo & Co and… Read More ›