EY files criminal complaint over German newspaper’s leaked report November 22, 2021 EY has reportedly submitted a criminal complaint over a newspaper’s publication of a classified report into its work for payments firm Wirecard. Criminal prosecutors in Munich received a complaint about the German financial newspaper Handelsblatt on Monday, the Financial Times reported. The parliamentary report, on behalf of the committee looking at the Wirecard scandal, concluded [...]
PwC sued by racing car dealer for failing to spot alleged fraud July 27, 2021 PwC has been sued by the administrators of JD Classics, a racing car dealership, for allegedly failing to to spot fraud resulting in losses of over £41m. The UK’s biggest accounting firm was accused by administrators from Alvarez & Marsal of being negligent in their handling of accounts between 2016 and 2017 according to the [...]
Long-term Bitcoin holders gain ground as Worldcoin launches and SEC ponders XRP legal challenge July 31, 2023 Data from CryptoCompare shows that the price of the flagship cryptocurrency Bitcoin (BTC) moved mostly sideways throughout the past week.
London plumber crushes Pimlico Plumbers in Supreme Court and wins landmark case over holiday pay February 2, 2022 A London plumber has won a key lawsuit in the Supreme Court over his workers’ rights as appeal judges ruled late yesterday afternoon he is entitled to back-dated holiday pay. Gary Smith, who had worked for Pimlico Plumbers between 2005 and 2011, went to court after a long-running dispute with the company over holiday pay. [...]
Crypto prices tumble as SEC crackdown continues, while EU parliament approves MiCA regulation April 25, 2023 Data from CryptoCompare shows the price of Bitcoin dropped from $30,000 to a low near the $27,000 mark, around which it is currently trading.
US investigates 416,000 Tesla cars over braking defect February 17, 2022 The US investigation into Tesla’s malfunctions shows no sign of easing, as the agency in charge of vehicle safety evaluated today 416,000 cars over braking defects. The National Highway Traffic Safety Administration (NHTSA) said today its primary evaluation will focus on 2021-2022 Model 3 and Model Y, following more than 300 complaints of braking issues. [...]
Musk’s Twitter u-turn is the beginning rather than the end October 5, 2022 When news broke that Elon Musk would be moving ahead with his original $44bn takeover of Twitter, it felt like the beginning of a saga rather than the end of it. While the Tesla chief told his 107m followers that the purchase would be an “accelerant” towards his vision of an “everything app”, Musk’s lawyers [...]
Ripple hits $15bn valuation amid share buyback January 26, 2022 Distributed ledger technology company Ripple has hit a $15bn valuation after it bought back shares from Series C fundraisers.
Dutch law firm nicknamed ‘the Kremlin office’ cuts ties with Russian government March 3, 2022 A DUTCH law firm, which came to be known as “the Kremlin office” due to the work it carried out on behalf of the Russian government, has cut its links to the Putin regime, in response to Russia’s invasion of Ukraine. Amsterdam headquartered firm Houthoff, which also has offices in the City, also vowed not [...]
Carillion: Five years on, MPs and industry leaders demand audit reform to ensure scandal is not repeated January 18, 2023 On the fifth anniversary of the collapse of outsourcer Carillion, MPs and audit sector leaders have united in calling on the UK government to push forwards with plans to overhaul the country’s audit sector. MPs said a shake-up of the country’s accounting industry is needed imminently to ensure that audit failures, such as the one [...]