Crypto Firm Abra Settles with SEC Over Unregistered Securities August 27, 2024 By Emily Mason The U.S. Securities and Exchange Commission has settled with crypto lending platform Abra after charging the startup with selling unregistered...
Former Citigroup Executive Suing Bank Was Fired for Performance, Company Says August 26, 2024 By Tatiana Bautzer Citigroup alleges that a former managing director suing the bank was fired for performance reasons, rather than for what she...
Intel Shareholders Sue Chipmaker After Job, Dividend Cuts Cause Stock Plunge August 8, 2024 By Jonathan Stempel Intel was sued on Wednesday by shareholders who said the Silicon Valley chipmaker fraudulently concealed problems that led it to...
Wells Fargo Must Face Lawsuit Over Sham Job Interviews July 30, 2024 By Jonathan Stempel A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring...
Elliott Says Santander’s Use of Signal Messaging App Hampers Lawsuit July 16, 2024 By Irene García Pérez Elliott Investment Management has alleged that Banco Santander SA’s practice of using an auto-deleting messaging platform, in this instance to...
Are Employers Prepared for California’s Workplace Violence Prevention Law? July 1, 2024 By Lucy Straker and Jim Rizzo California’s Workplace Violence Prevention Senate Bill 553, which is now in effect (July 1), requires businesses with exposure in the...
Under Armour to Pay $434M to Settle Lawsuit Over Sales Disclosures June 24, 2024 Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing...
A Good Year May Not Be a Good Thing in D&O Liability Market, Says AM Best June 24, 2024 The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a...
Qualcomm Reaches $75M Settlement Over Sales and Licensing Practices June 19, 2024 By Jonathan Stempel Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by...
Directors and Officers Who Fail to Respond to Climate Change May Face Claims June 11, 2024 By Craig Hirsch and Stephen Wah In early March of this year, the Securities and Exchange Commission adopted rules targeted at enhancing and standardizing climate-related disclosures...