SEP
25
2018

CIBC faces proposed class action lawsuit over trailing commissions: Canada

The lawsuit alleges investors who hold the mutual funds in discount brokerages receive no value for the trailing commissions paid

SEP
25
2018

Finally, a judgment against CRA for negligence in audit of business: Canada

Court finds tax collector took certain positions for strategic reasons rather than good faith legal reasons. There will be an appeal.

SEP
25
2018

EU takes Poland to court over judicial Independence

The European Union referred Poland to its top court on Monday, in the latest legal confrontation between Brussels and populist member governments.

SEP
25
2018

California governor signs bill banning single-use plastic straws: USA

The bill allows restaurants to provide customers with plastic straws only on request by the customer. After notice of violation upon a third violation of the statute, restaurants are fined $25 a day for each day in violation up to $300 a year.

SEP
24
2018

Tesla secures a supply agreement with China’s biggest lithium producer for batteries

Tesla is currently trying to secure resources for its battery production ramp up at Gigafactory 1.

SEP
24
2018

Testimony by Kavanaugh accuser set; new allegation surfaces: USA

The university professor who accused Brett Kavanaugh, U.S. President Donald Trump’s Supreme Court nominee, of sexual assault will testify before a Senate panel on Thursday about her allegation, her lawyers and the committee said on Sunday.

SEP
24
2018

AT&T asks U.S. court to uphold approval of Time Warner acquisition

AT&T Inc. on Thursday asked a federal appeals court to reject the Justice Department´s challenge to its acquisition of Time Warner, saying the government had offered no basis for second guessing key conclusions of a ruling upholding the transaction.

SEP
24
2018

Judge Rakoff hits Petrobras objectors where it hurts: In the pocketbook and their reputations

When we last visited the Petrobras case in June, Judge Rakoff had just granted final approval to a $3 billion settlement of class claims that the Brazilian energy giant had deceived investors about a corruption scandal that ensnared high-ranking executives and government officials. The judge nevertheless cut class counsels’ fee request by nearly $100 million (gasp!), leaving Pomerantz and its co-counsel with $186.5 million.

SEP
24
2018

EU antitrust regulators aim to fine AB Inbev in Belgian beer case - sources

EU antitrust regulators aim to fine Anheuser-Busch InBev for preventing cheaper beer imports into Belgium despite the beer giant´s attempts to settle the EU case, people familiar with the matter said.

SEP
24
2018

New York court overturns $115 million patent judgment against Samsung

The New York State Court of Appeals on Thursday overturned a $115 million judgment against Samsung Electronics Co Ltd over television patents.

SEP
24
2018

U.S. Justice Department may delay meeting on possible social media bias: source

The Justice Department is considering delaying a meeting with state attorneys general planned for next week to discuss concerns about conservative voices being stifled on social media, according to a person familiar with the discussions.

SEP
21
2018

Chagos: Mauritius challenges British colonialism in a case with major implications

The International Court of Justice has just heard four days of arguments as it weighs the legality of a hugely contentious colonial act: the UK’s decision to separate the Chagos Archipelago from Mauritius prior to the latter’s independence in 1968.

SEP
21
2018

¥6.7 billion in digital money stolen from Osaka firm: Japan

Osaka-based cryptocurrency operator Tech Bureau Corp. said Thursday it estimates that about ¥6.7 billion ($59.7 million) worth of bitcoin and other digital currencies were stolen from its Zaif platform after its systems were compromised.

SEP
21
2018

Monsanto asks judge to toss $289 million award in Roundup cancer suit: USA

Agribusiness company Monsanto has asked a San Francisco judge to throw out a jury’s $289 million award to a former school groundskeeper who said the company’s Roundup weed killer left him dying of cancer.

SEP
21
2018

Hong Kong to grant dependent visas to same-sex couples

The government of the Hong Kong Special Administrative Region announced Tuesday that it will grant visas to eligible individuals filing as dependent spouses/partners who seek to immigrate to the city.

SEP
21
2018

Google defends Gmail data sharing, gives few details on violations

Alphabet Inc’s Google defended how it polices third-party add-ons for Gmail in a letter to U.S. senators made public on Thursday, saying that upfront review catches the “majority” of bad actors.

SEP
21
2018

Bank of America fined by regulator over charges of interest rate manipulation

A federal regulator said Wednesday it has fined Bank of America $30 million to settle charges it attempted to manipulate global interest rates and that it knowingly filed false reports in an alleged scheme that spanned six years.

SEP
21
2018

Facebook faces an ultimatum from EU to change its terms of service

According to a report, the European Union gave Facebook an ultimatum on Thursday for not complying with the European Union’s consumer rules.

SEP
21
2018

Brussels urged to investigate Czech PM over business empire

Andrej Babiš’s Agrofert given €75m of EU subsidies in 2017, prompting conflict claims .

SEP
20
2018

McDonald’s Avoids Fines as Europe Rules Its Tax Deal Is Legal

The decision is in line with a double-taxation treaty between Luxembourg and the U.S., and doesn’t constitute favorable treatment, says commission

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