NSO Group nabbed £1.9bn EY valuation despite emergency bailout June 27, 2022 Israeli spyware firm NSO Group was given a $2.3bn (£1.9bn) valuation by EY just months before requiring a $10m emergency bailout.
Barrister fined £500 over links to ‘inappropriate and offensive’ tweets September 11, 2022 A barrister has been fined £500 for his links to an anonymous Twitter account that put out a series of “inappropriate and offensive tweets.” The Bar Standards Board (BSB) fined Anthony Daniel Bennett £500 for allowing the Twitter handle “@arrytuttle” to send a series of offensive tweets about fellow barrister Adam Wagner. Bennett authorised use of [...]
International Tennis Federation facing mounting questions over Davis Cup deal after Gerard Pique’s Kosmos group brings legal action January 26, 2023 Former footballer Gerard Pique’s Kosmos investment group has heaped more pressure on the embattled International Tennis Federation by launching legal action over the early termination of their $3bn Davis Cup deal. The ITF ripped up the 25-year agreement after less than five years earlier this month in response to Kosmos asking to renegotiate the $120m-a-year [...]
Roman Abramovich used ‘barrage’ of legal threats to silence journalist, MPs hear March 17, 2022 A prominent British journalist has said she received legal threats from Roman Abramovich after she published a book laying out the oligarch’s links to Vladimir Putin. Reuters journalist Catherine Belton told MPs she received a “barrage” of legal threats from Russian oligarchs, including sanctioned billionaire Roman Abramovich and Everton backer Alisher Usmanov, after she published [...]
Veteran congressman calls on Biden to ban oligarchs’ UK lawyers from the United States April 20, 2022 The UK lawyers that have worked on behalf of Russian oligarchs in their efforts to silence journalists should be banned from travelling to the United States, a senior congressman has said. In a letter to US secretary of state Anthony Blinken, Democratic Party congressman Steve Cohen called on the Biden administration to impose travel bans [...]
Musk’s $44bn u-turn on Twitter hits City advisor fees hard July 14, 2022 Twitter and Elon Musk’s financial advisors could lose big bucks after the eccentric entrepreneur walked away from the $44bn mega deal. According to an earlier regulatory filing, the social media firm’s financial advisors Goldman Sachs and JP Morgan Chase could have nabbed fees totalling to $133m, while Refinitiv suggested that Morgan Stanley and the other [...]
Bed Bath and Beyond CFO falls to his death in New York after mass closures and layoffs September 5, 2022 The chief financial officer of American retailer Bed Bath & Beyond Inc fell to his death from a New York skyscraper. Gustavo Arnal, 52, who previously worked as CFO for London-based cosmetics brand Avon, died on Friday in wake of the company closing stores and laying off workers. New York police responded to reports he [...]
Sam Bankman-Fried: Founder of Crypto platform FTX on trial accused of ‘massive fraud’ October 5, 2023 A US prosecutor has told jurors that FTX founder Sam Bankman-Fried was on top of the world a year ago before his historic fraud was exposed, leaving customers and investors without at least 10 billion dollars (£8.23bn) they thought was secure. Assistant US attorney Nathan Rehn repeatedly pointed at Bankman-Fried, sitting with his lawyers in [...]
Judge rules on meaning of tweet in Andrew Bridgen’s libel claim against Matt Hancock June 25, 2024 A High Court judge has ruled on the meaning of the social media post at the heart of former Tory MP Andrew Bridgen libel case against Matt Hancock's MP
Wall Street drifts higher as a strong year for markets winds down December 28, 2023 Wall Street drifted to a slightly higher close as trading remained light during the holiday-shortened week. The subdued activity in the market with two trading days left in the year is capping off a broader rally to a strong finish. The S&P 500 is coming of its eight straight winning week and is hovering just [...]