Search Results for: law
Why an Ex-employee sues Snapchat?
January 6th, 2017
A former employee has dragged Snapchat to court accusing the messaging app of misleading investors and trading partners to drive up its initial public offering, the Hollywood Reporter said citing a court document. In the lawsuit filed on Wednesday ...
Deutsche Bank settles tax fraud suit for $95 million
January 6th, 2017
Deutsche Bank AG agreed Wednesday to pay the U.S. government $95 million to settle a tax fraud lawsuit. The suit, filed in 2014, claimed the German bank used shell companies to evade paying tens of millions of dollars in ...
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 ...
The Federal Reserve Board permanently prohibited former Forex (FX) trader
January 5th, 2017
The Federal Reserve Board on Wednesday announced it is permanently prohibiting Jason Katz, a former foreign exchange (FX) trader at Barclays PLC and later at BNP Paribas SA, from participating in the banking industry, because of his actions to ...
AMF lauches a consultation on modifications to its general regulation
January 4th, 2017
Law no. 2016-1691 of 9 December 2016 on transparency, the fight against corruption, and the modernisation of economic life (the “Sapin II” Law) introduces a change in the system of intermediation in miscellaneous property, as set out in Article ...
Man arrested for an allegedly $300 million Forex Ponzi scheme scam
January 4th, 2017
The arrest of a man who allegedly peddled a $300 million (Dh1.1 billion) Ponzi scheme as a foreign currency trading programme has come as a ray of hope for residents, many of whom have lost their entire life’s savings ...
First legal test case against Volkswagen raising pressure to compensate customers in Europe
January 4th, 2017
German consumer rights champion myRight filed the first legal test case against Volkswagen in Germany on Tuesday (3 January), raising pressure on the carmaker to compensate customers in Europe over the emissions scandal. Europe’s largest automaker has pledged billions ...
CFTC Chairman Timothy Massad Announces Resignation as Chairman
January 4th, 2017
Chairman Timothy G. Massad today said he has tendered to President Obama his resignation as Chairman of the U.S. Commodity Futures Trading Commission, effective on January 20, 2017. Mr. Massad issued the following statement: “For the past two and ...
U.S. Stocks Halt 3-Day Drop as Dollar, Gold Climb: Markets Wrap
January 4th, 2017
Crude slides from 18-month high amid doubts on OPEC cuts Warnings, optimistic calls vie for investor attention U.S. stocks rose with the dollar as economic data bolstered confidence that the American economy is poised to accelerate. Gold rose and ...
CySec issued a Circular in relation to Whistleblowers
January 3rd, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular for persons wishing to report cases of actual or potential infringement of Regulation (EU) No 596/2014 on market abuse– Whistle-blowers. The Subject of the circular is “Procedures for ...
