Strauss-Kahn sexual assault case dismissed August 23, 2011 A New York judge has dropped all criminal sexual assault charges against ex-IMF chief Dominique Strauss-Kahn after prosecutors lost faith in the credibility of his accuser. But the formal end of the case awaited the outcome of a last-ditch emergency appeal. New York State Supreme Court Justice Michael Obus accepted the prosecutors’ request for dismissal [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 17, 2011 FINANCIAL TIMES THEFT, FRAUD AND ERROR TAKE £4.9BN TOLL ON SHOPS Shoplifting, employee theft and error have cost UK retailers an estimated £4.9bn in the past year, the highest figure ever recorded, as worsening economic conditions fuel rising levels of crime in the retail sector. In the year to June 30, losses relating to theft, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 17, 2011 FINANCIAL TIMES THEFT, FRAUD AND ERROR TAKE £4.9BN TOLL ON SHOPS Shoplifting, employee theft and error have cost UK retailers an estimated £4.9bn in the past year, the highest figure ever recorded, as worsening economic conditions fuel rising levels of crime in the retail sector. In the year to June 30, losses relating to theft, [...]
UK court slaps down Lehman July 27, 2011 A subsidiary of fallen Wall Street bank Lehman Brothers lost its final battle to overturn a key UK ruling over a swap dispute with Australian creditors in a decision dubbed a “game changer” by lawyers. The UK’s supreme court unanimously upheld previous UK rulings that creditors should have priority in Lehman Brothers’ $2bn plus “Dante” [...]
UK court slaps down Lehman July 27, 2011 A subsidiary of fallen Wall Street bank Lehman Brothers lost its final battle to overturn a key UK ruling over a swap dispute with Australian creditors in a decision dubbed a “game changer” by lawyers. The UK’s supreme court unanimously upheld previous UK rulings that creditors should have priority in Lehman Brothers’ $2bn plus “Dante” [...]
Walmart heads to Supreme Court December 6, 2010 The Supreme Court said yesterday it would decide if the largest sex-discrimination class-action lawsuit in US history against Wal-Mart can proceed. It agreed to hear an appeal by the world’s largest retailer and the largest private employer arguing the claims of as many as 1.5m current and former female employees were too diverse to proceed [...]
AIG sues BofA for $10bn over “massive fraud” August 8, 2011 The insurer American International Group Inc is suing Bank of America Corp to recover more than $10bn (£6.1bn) of losses from a “massive fraud” on mortgage debt, deepening the morass of litigation faced by the largest US bank. AIG, still largely owned by taxpayers after $182.3bn of government bailouts, is the latest of a growing [...]
Wal-Mart sex case fails June 20, 2011 SUPERMARKET giant Wal-Mart yesterday won a case to dismiss a massive class-action sex discrimination lawsuit, after the US Supreme Court unanimously ruled in its favour. The court said more than 1m female Wal-Mart employees from across the US could not proceed in their multi-billion dollar case, which accused the grocer, which owns Asda, of paying [...]
BAA mulls a fresh lawsuit in sell-off spat July 19, 2011 BAA said it is considering judicial review after the Competition Commission ruled yesterday that the airport operator must sell Stansted and Glasgow or Edinburgh airport. In its final report, the commission said that the sales process for London’s third-largest airport Stansted would start in three months’ time, and would be followed by the sale of [...]
BofA investors plot challenge over pay out July 5, 2011 A GROUP of bondholders in Bank of America plan to challenge the lender’s $8.5bn (£5.2bn) settlement with holders in soured mortgage-backed securities. Eleven companies, known together as Walnut Place, filed papers in the New York Supreme Court in a bid to overturn the payment. They say they have “serious concerns about the secret, non-adversarial, and [...]