Search Results for: law
SEC Announces $7 Million Whistleblower Award
January 25th, 2017
The Securities and Exchange Commission today announced an award of more than $7 million split among three whistleblowers who helped the SEC prosecute an investment scheme. One whistleblower provided information that was a primary impetus for the start of ...
Harvard Business Review: Blockchain Is Foundational, Not Disruptive
January 25th, 2017
True blockchain-led transformation is still many years away, according to an article, “The Truth About Blockchain” in the Harvard Business Review, because it does not deliver a truly “disruptive” business model which can attack an existing model with a lower ...
UK Government loses Brexit court case – so what happens now?
January 25th, 2017
The British Supreme Court has ruled that the government does not have the right to trigger Article 50, formally beginning the Brexit process, without an act of parliament. The court voted eight to three against the government, following an ...
Tesco faces fresh legal challenge over accounting scandal
January 25th, 2017
Supermarket chain Tesco is facing a fresh lawsuit for damages from investors over its 2014 accounting irregularities scandal. The legal action is being pursued by Manning & Napier, with the Financial Times newspaper reporting that the US investment house ...
Society report: solicitors ready for ‘automation revolution’
January 25th, 2017
Solicitors agree that legal business is brimming with innovators – but most are content for others to go first before deploying new technology. Yet as the ‘pyramid law firm of the past’ recedes into history, practitioners who fail to ...
MFSA warns for a website misleading public that is the authorised firm FXDD
January 25th, 2017
The Malta Financial Services Authority (“MFSA”) has become aware of the website http://www.fxddtrade.com/ which is misleading the public by using a name which is similar to that of a genuine firm authorised by the MFSA. The website erroneously states ...
The Supreme Court published the Brexit Judgment
January 24th, 2017
The Supreme Court of the United kingdom has issued an announcement to make publish its Judgment regarding the Article 50 and Brexit. Below is the Judgment as it was published: R (on the application of Miller and another) (Respondents) ...
CFPB Orders Citi Subsidiaries to Pay $28.8 Million
January 24th, 2017
CFPB Orders Citi Subsidiaries to Pay $28.8 Million for Giving the Runaround to Borrowers Trying to Save Their Homes Mortgage Servicers Kept Borrowers in the Dark About Options, Demanded Excessive Paperwork The Consumer Financial Protection Bureau (CFPB) today took ...
Goldman Sachs files $1 billion countersuit against Indonesian businessman
January 24th, 2017
Goldman Sachs filed a $1 billion counter lawsuit on Tuesday against an Indonesian businessman who is seeking damages from the U.S. bank for conducting what he called “unlawful” trades in the shares of a property firm. Benny Tjokrosaputro, president ...
Shipping Conglomerate and Former CFO Charged With Failure to Recognize Hundreds of Millions in Tax Liabilities
January 24th, 2017
The Securities and Exchange Commission today charged shipping conglomerate Overseas Shipholding Group (OSG) and its former chief financial officer Myles R. Itkin with failing to recognize hundreds of millions in tax liabilities in its financial statements that had accumulated ...
