Search Results for: ESMA
Mastercard `Preying on Millions’ Sparked $17 Billion Fee Lawsuit
January 18th, 2017
Consumers seek permission to bring U.K.’s largest class action Mastercard says damages would be impossible to calculate Mastercard Inc. preyed on more than 46 million unknowing consumers by unfairly charging card fees over a 16-year period, lawyers seeking to ...
Mark Zuckerberg to testify in $2bn VR lawsuit
January 17th, 2017
Zenimax Media says Facebook unlawfully copied its virtual reality technology to make the Oculus Rift Mark Zuckerberg is expected to appear in a Texas court today to defend Facebook over claims it stole virtual reality (VR) technology. Games studio ...
South Korea prosecutor seeks arrest of Samsung boss
January 16th, 2017
Prosecutors are seeking a warrant to arrest Samsung Group’s Jay Y. Lee for allegations including bribery and embezzlement, a stunning turn for the scion of South Korea’s richest family groomed for decades to take over the company from his ...
Morgan Stanley to pay a $13 million penalty
January 16th, 2017
The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney has agreed to pay a $13 million penalty to settle charges that it overbilled investment advisory clients due to coding and other billing system errors. The firm ...
US arrests VW executive on fraud charges
January 9th, 2017
The Federal Bureau of Investigation has arrested a Volkswagen executive who faces charges of conspiracy to defraud the United States, two people with knowledge of the arrest said on Sunday, marking an escalation of the criminal investigation into the ...
Fifa calls in lawyers to help resolve staff disputes
January 9th, 2017
Fifa has called in two lawyers to act as mediators in conflicts with staff amid mass changes at world football’s governing body, based in Zurich. A Fifa spokesman said that specialist labour lawyers Nirmala Dias and Andreas Blattmann would ...
Coca-Cola was sued for downplayed sugar effects
January 5th, 2017
Coca-Cola, ABA Accused of Tobacco-Like Deception in Lawsuit Federal court complaint alleges Coke downplayed sugar effects Sugary drinks ‘are scientifically linked to obesity, diabetes’ Coca-Cola was sued by activists who compare the beverage giant’s advertising tactics to the tobacco ...
VW Buys Mobile-Payment Provider PayByPhone for Parking Services
December 29th, 2016
Move follows establishment of carmaker’s Moia mobility brand Deal adds to purchase of Sunhill Technologies last year Volkswagen AG bought North American parking-payment operator PayByPhone in the latest move by Europe’s biggest carmaker to expand from manufacturing into mobility ...
Deutsche Bank Reaches $7.2 Billion Settlement Over Toxic Securities
December 23rd, 2016
The Obama administration scrambled to resolve its remaining crisis-era megabank mortgage cases, striking a $7.2 billion settlement Thursday with Deutsche Bank AG over toxic securities while separately filing a lawsuit against Barclays PLC alleging more than $30 billion in ...
Lawsuit Accuses Google of Unlawfully Censoring its Workforce
December 22nd, 2016
An anonymous Google product manager is alleging in a lawsuit that the internet giant unlawfully censors current and former employees by imposing sweeping confidentiality policies that deter whistleblowing. The lawsuit was filed this week by a California labor law ...
