Freshfields to be investigated by legal regulator over review into UBS rape allegations April 8, 2019 Magic Circle law firm Freshfields Bruckhaus Deringer is being investigated by the legal regulator over its review into rape allegations at UBS. The City law firm was called in to conduct an independent review after a former trainee graduate alleged she was raped by a colleague nearly 20 years her senior. Read more: Former graduate [...]
Goals ‘blocks’ Mike Ashley probe into £12m accounting crisis June 19, 2019 Goals Soccer Centre is accused of having “stonewalled” calls from its largest shareholder, Sports Direct, for an external probe into its £12m accounting crisis. Sports Direct billionaire Mike Ashley had urged Goals to green light an external investigation over fears about the scale of the accounting issues. Read more: Goals warns of weaker results amid [...]
National Portrait Gallery drops £1m donation from family embroiled in US opioid crisis March 20, 2019 The National Portrait Gallery has dropped a £1m donation from a family embroiled in the US opioid crisis. The Sackler Trust said they had “decided not to proceed at this time” and that the donation would deflect from the gallery’s important work. Read more: Indivior sells China opioid treatment drug in $122m deal The Sackler [...]
Qualcomm triumphs against Apple in German iPhone hardware case December 20, 2018 A court in Germany has ruled that Apple infringed a hardware patent owned by chipmaker Qualcomm in some of its iPhone models. The judge said the US firm will not be able to sell some iPhone models in Germany containing an Intel chip from Apple supplier Qorvo, which violated one of Qualcomm's patents around so-called envelope [...]
Tesla’s Musk and SEC ordered to settle out of court within a fortnight April 5, 2019 Tesla billionaire Elon Musk said it was “most likely” that he and the US markets watchdog would be able to settle their differences. A US judge ordered yesterday that the two come to an agreement within a fortnight, and said she could rule on whether Musk violated his recent fraud settlement with the regulator if they [...]
Ex-Uber boss Travis Kalanick’s new venture snaps up UK ‘dark kitchens’ business March 26, 2019 The food delivery company run by Travis Kalanick snapped up London ‘dark kitchens’ firm Foodstars last year, as the former Uber boss looks to expand his new venture in the UK. City Storage Systems, which trades as Cloud Kitchens in the US, quietly bought the startup up last year, according to documents filed to Companies House. [...]
Profits plunge by over a third at Danske Bank as customers close accounts after scandal April 30, 2019 Profits at under-fire Danske Bank plunged this quarter as the Danish bank continues to deal with fallout from a money-laundering scandal which shook it to its core. Net profit fell 39 per cent year-on-year in the first quarter of 2019, to 3bn Danish krone, as the bank faced higher expenses and impairments. Read more: EU [...]
Snap’s IPO to be probed by US authorities over weakened share price November 14, 2018 The initial public offering (IPO) of social media giant Snap is to be probed by the US Department of Justice and the Securities and Exchange Commission (SEC), following on ongoing lawsuit against the firm. Snap confirmed it had responded to requests for information from the two US authorities in a statement this morning, after the [...]
Bayer shares hit after $2bn payout to couple in Roundup weedkiller case May 14, 2019 Shares in Bayer dropped today even as analysts said a $2bn (£1.5bn) damages payment awarded to a California couple who claim the company’s Roundup weedkiller gave them cancer is likely to be reduced. Alva and Alberta Pilliod said that using the chemical had contributed to their contracting non-Hodgkin’s lymphoma. Read more: Bayer considers appeal after [...]
Bell Pottinger partners could face legal action over disgraced PR firm’s collapse April 17, 2019 Former partners of the disgraced PR firm Bell Pottinger could face legal action over its collapse, administrators BDO have warned. The PR company collapsed in 2017 following a scandal over its work for the Gupta family in South Africa, where it was accused of deliberately inciting racial hatred. Read more: Insolvency Service launches probe into [...]