SAO PAULO – An heir of Lebanese-Brazilian billionaire banker Joseph Safra has sued his mother and two siblings amid a dispute over the fortune of his late father, according to a lawsuit filed on Monday. Alberto Safra accused his family members of purposely diluting his stake in a holding company of Safra National Bank in…
DetailsTaxpayers must shoulder the cost of defending former Gov. Andrew Cuomo in a lawsuit accusing him of sexually harassing a state trooper, a judge ruled Friday. The former three-term Democrat sued New York Attorney General Letitia James in August to overturn her office’s refusal to cover him in a Brooklyn federal lawsuit alleging he made…
DetailsBoeing pleaded not guilty Thursday to a charge that it misled regulators who approved its 737 Max, the plane that was involved in two crashes that killed 346 people. Family members of passengers who died gave emotional testimony, calling for criminal prosecution of top Boeing officials. The families are trying to convince a federal judge…
DetailsMorgan Stanley has slapped its own bankers with fines of more than $1 million as it looks to crack down on the misuse of WhatsApp and other apps to conduct official business, according to a report Thursday. The penalties were enacted after Morgan Stanley agreed to pay $200 million last summer to federal regulators over…
DetailsThe largest bank in the United States, JPMorgan Chase & Co., is accusing young Jewish entrepreneur Charlie Javice of conning it into purchasing her company for $175 million by fabricating millions of its supposed clients. In a lawsuit filed by the bank last month, it accused the once promising CEO featured on Forbes’ 30 Under…
DetailsFormer Barclays and JP Morgan exec Jes Staley is accused of being an operative in late billionaire pedophile Jeffrey Epstein’s sex ring, after thousands of emails between the two reveal a ‘profound friendship,’ a lawsuit claims. The filing was made in an an amended complaint Tuesday by the US Virgin Islands, which had previously sued…
DetailsIsraeli auto-tech company REE Automotive, which is traded on Nasdaq, was sued at the end of December in a U.S. court by competing company OSR, which claims that REE stole technology from it. REE, which has lost approximately 96% of its value since it began trading on Nasdaq in July 2021, never disclosed the lawsuit…
DetailsThe Supreme Court cleared the way Monday for a lawsuit in Bay Area federal court accusing the Israeli spyware company NSO Group of illicitly providing software to foreign governments to gather information on dissidents and journalists. The suit was filed in 2019 by the WhatsApp messaging system and its parent company, Facebook, which said governments…
DetailsThe Securities and Exchange Commission on Monday charged former McDonald’s chief executive Stephen Easterbrook with making false and misleading statements to investors about the circumstances of his 2019 termination. The SEC hit Easterbrook with a five-year officer and director bar and a $400,000 civil penalty. McDonald’s fired Easterbrook in November 2019 for exercising “poor judgment”…
DetailsU.S. law firm Dechert has hired Kaplan Hecker & Fink to defend it in a lawsuit by a former Wall Street Journal reporter who accused the firm of working with hired hackers to tarnish his reputation and force him out of his job. Lawyers from New York-headquartered Kaplan Hecker entered the case for Dechert late…
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