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Were Hedge Funds Right About iRhythm Technologies, Inc. (IRTC)? Hedge Fund and Insider Trading News: Bill Ackman, Schonfeld Strategic Advisors... | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/artisan-partners-trimmed-its-irhythm-technologies-irtc-position-should-you-do-the-same-940612 |
The letter is signed by 217 people comprising a who's who of the animation industry, among them prominent show creators Rebecca Sugar ( Steven Universe ), Lauren Faust ( My Little Pony: Friendship Is Magic ), Shadi Petosky (co-creator, Danger & Eggs ), Rikke Asbjoern (co-creator, Pinky Malinky ), and Julia Pott ( Summer Camp Island ); industry execs Audrey Diehl (vp of series, Warner Bros. Animation), Jenna Boyd (director, kids & family creative, Netflix), and Jill Sanford (kids and family creative development, Netflix); and numerous other high-profile creative talents including Adventure Time director Elizabeth Ito, Pearl production designer Tuna Bora, Dreamworks TV Animation supervising producer Aliki Theofilopoulos, Bob's Burgers writer/supervising producer Wendy Molyneux, Frozen and Kung Fu Panda 3 story artist Clio Chiang, and Wreck-It Ralph 2 assistant production designer Mingjue Chen. | not-forward | www.cartoonbrew.com | https://www.cartoonbrew.com/artist-rights/200-women-l-s-animation-industry-demand-studios-end-sexual-harassment-workplace-154100.html |
Broadridge Financial Solutions, Inc. (BR): Are Hedge Funds Right About This... Hedge Fund and Insider Trading News: Jason Mudrick, David Tepper, Stan Druckenmiller... | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/did-hedge-funds-make-the-right-call-on-broadridge-financial-solutions-inc-br-863240 |
Hawai'i Circuit Court Judge Dean E. Ochiai issued an $834 million state court order against Bristol-Myers Squibb Company and three US-based subsidiaries of French pharmaceutical company Sanofi for violating the State of Hawai'i's unfair and deceptive practices laws regarding the prescription drug Plavix. | not-forward | mauinow.com | https://mauinow.com/2021/02/15/hawaiʻi-court-penalizes-bristol-myers-squibb-and-others-834-million-re-plavix-ineffectiveness |
The deal will relieve pressure from Yandex shareholders, who were concerned about squeezed margins, big losses and heavy investments in the ride-hailing business, Khudaverdyan and Abovsky said. Four members from Yandex will be on the board, with three seats for Uber. The executives of the Russian company said that while Uber has a deep bench of talented people, and the deal team changed over time, both Kalanick and Michael were involved. Uber did not immediately respond to a request for comment. Kalanick and Michael both recently left operational roles at Uber amid a series of scandals, including a human resources overhaul, sexual harassment allegations, and a trade secret dispute. Kalanick still serves on the board of directors and owns a stake in Uber. But Yandex was positively surprised by Uber, Khudaverdyan and Abovsky said. Growth opportunities for the new company include integration with Yandex's ecosystem and Uber's food delivery program. | forward | www.cnbc.com | https://www.cnbc.com/2017/07/13/uber-yandex-deal-how-it-happened.html |
The name changes, though, don't erase the company history: It has faced multiple law enforcement actions for predatory conduct. In 2019, the company entered into a $494 million settlement with 48 state attorneys general, plus the District of Columbia, over allegations that it engaged in widespread deceptive practices against students. Later that same year, Perdoceo agreed to pay $30 million to settle charges brought by the Federal Trade Commission that its schools have recruited students through deceptive third-party lead generation operations. In each case, the company did not admit guilt. | not-forward | www.republicreport.org | https://www.republicreport.org/2024/for-profit-college-operation-perdoceo-fails-to-halt-fraud-lawsuit |
A court decision last week dismissed Ms Paetongtarn Shinawatra - daughter of billionaire Pheu Thai patriarch Thaksin Shinawatra - due to an ethics violation, touching off a scramble for power between the populist ruling party and Mr Anutin's Bhumjaithai. | not-forward | www.straitstimes.com | https://www.straitstimes.com/asia/thailands-ruling-pheu-thai-party-moves-to-dissolve-parliament-local-media-report |
Baidu, which runs China's top search engine, is considering delisting from the Nasdaq and moving to an exchange closer to home to boost its valuation, Reuters reported on Thursday, citing three unidentified people familiar with the matter. A Baidu spokesperson in Beijing described the story as "a rumour" and declined to comment further. Baidu's shares swung between gains and losses in New York trading. | forward | www.smh.com.au | https://www.smh.com.au/business/companies/coffee-startup-s-downfall-escalates-china-inc-s-wall-street-issues-20200522-p54vde.html |
A 218-km (135-mile) internet link between Lithuania and Sweden's Gotland Island went out of service at about 0800 GMT on Sunday, Nov. 17, according to Lithuania's Telia Lietuva, part of Swedish Telia Company. A 1,200-km (745-mile) cable connecting Helsinki to the German port of Rostock stopped working around 0200 GMT on Monday, Nov. 18, Finnish state-controlled cyber security and telecoms company Cinia said. Investigators in the involved countries have zeroed in on Chinese bulk carrier Yi Peng 3, which left the Russian port of Ust-Luga on Nov. 15, and a Reuters analysis of MarineTraffic data showed that the ship's coordinates corresponded to the time and place of the breaches. | not-forward | uk.news.yahoo.com | https://uk.news.yahoo.com/factbox-recent-suspected-underwater-sabotage-060925057.html |
Why it's happening : The identity theft protection specialist is extremely volatile, and investors are looking for stability. LifeLock shares fell more than 50% in July, due to a fraud investigation by the Federal Trade Commission and 35 state governments. According to that FTC order, LifeLock has repeatedly failed to protect its customers' most sensitive data, yet continued to sell services as virtually bullet proof. | not-forward | www.foxbusiness.com | https://www.foxbusiness.com/markets/why-lifelock-inc-rose-today |
In October, the South African Reserve Bank (Sarb) secured a court order to attach Jooste's assets for violating foreign exchange control rules. Jooste's Lanzerac house and wine farm in Stellenbosch and another house in Hermanus in the Western Cape were seized, along with other assets. Read: Reserve Bank secures court order to attach Markus Jooste's assets Steinhoff's Jooste set for fraud trial in Germany next year JSE censures, fines and 'disqualifies' former Steinhoff CFO Ben La Grange Based on a statement by the Oldenburg regional court in November, it seems Jooste and three other people will go on trial in Germany next year on charges of accounting fraud. Jooste denies the allegations. | forward | www.moneyweb.co.za | https://www.moneyweb.co.za/news/south-africa/markus-jooste-penalised-r20m-by-the-fsca |
In an exclusive interview with The Globe and Mail, outgoing Barrick Gold Corp. chairman Peter Munk: | not-forward | www.theglobeandmail.com | https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/exclusive-interview-peter-munk-on-hubris-stupidity-and-the-future-of-barrick-gold/article15769699 |
"India is on the cusp of becoming a global leader in renewable energy and Adani Green Energy is in the vanguard of this revolution," Gautam Adani, Chairman of the Adani Group, was quoted as saying. | forward | www.vibesofindia.com | https://www.vibesofindia.com/adani-green-energy-to-raise-rs-9350-cr |
One of the easiest ways to have a better next year is to royally mess up this year. With that in mind, few screwups in 2012 rate worse than Hewlett-Packard's Autonomy acquisition fiasco. Earlier this year, Hewlett-Packard wrote down a whopping $8.8 billion of the $11 billion price tag it paid for the acquisition just last year. That $8.8 billion shows up as a charge against its fourth-quarter earnings for fiscal year 2012. Hewlett-Packard Company (NYSE : HPQ) alleges that the writedown was driven by improperly recognized revenue prior to the acquisition — essentially, accounting fraud on Autonomy's part. While many wonder whether the magnitude of the alleged fraud was big enough to justify that large a writedown, the one thing that's clear is that it sets an incredibly low bar for the company to clear in 2013. | not-forward | www.insidermonkey.com | http://www.insidermonkey.com/blog/microsoft-corporation-msft-hewlett-packard-company-hpq-the-investable-beauty-of-low-expectations-115829 |
"The enforcement staff refers the panel to section II-C-1 of this reply and asserts that Adidas is a representative of the institution's athletics interest," the enforcement staff said in its written reply. "Adidas' financial contributions to the institution's athletics programs were large, formal and well-known by the institution and its athletics department administration. Furthermore, Adidas actively assisted the institution's athletics marketing staff in promoting the institution's athletics department and its athletics teams." Louisville is hoping to avoid major sanctions in the case but the NCAA's response is a shot across the bow to those aspirations. Further concerning for Louisville brass is that it could in the eyes of the NCAA be treated as a repeat offender, given that at the time of the violations it was serving NCAA probations related to the stripper scandal that forced the program to vacate the 2013 NCAA men's basketball championship. | not-forward | www.cbssports.com | https://www.cbssports.com/college-basketball/news/ncaa-isnt-buying-louisvilles-response-to-allegations-following-bribery-scandal-when-rick-pitino-was-coach |
— Elon Musk (@elonmusk) May 18, 2022 While furnishing details regarding Tesla's removal from ESG Index, Margaret Dorn, head of ESG indices for North America, said that the other contributing factors to the changes, effective May 2, included Tesla's lack of published details on its low-carbon strategy or business conduct codes. She said that even though Tesla is contributing to reducing emissions with its electric cars, its issues and lack of disclosures relative to industry peers should raise concerns for investors looking to judge the company across environmental, social and governance (ESG) criteria. "You can't just take a company's mission statement at face value, you have to look at their practices across all those key dimensions," Dorn added. | not-forward | news.abplive.com | https://news.abplive.com/business/tesla-removed-from-s-p-500-esg-index-ceo-elon-musk-says-esg-is-a-scam-1532446 |
Hedge Funds Started Cashing Out Of The Procter & Gamble Company (PG) Hedge Fund and Insider Trading News: Ray Dalio, Paul Singer, ValueAct Capital... | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/why-procter-gamble-pg-stock-is-a-compelling-investment-case-865930 |
Musk emphasized that the key advantage to increasing productivity for Tesla is limiting the number of moving parts in an electric motor to 20m versus up to 10,000 parts for an internal combustion engine. But Breitbart News reported 18 months ago that two-thirds of Tesla's electric motor drivetrains fail, and have to be replaced before vehicles reach 60,000 miles, according to Green Car Reports. Some Tesla owners have reported multiple replacements of drivetrains. Breitbart also reported in March that Tesla was being slammed by lawsuits from employees that complaining about racial discrimination and sexual harassment. Dewitt Lambert filed suit claiming that he was continuously harassed in 2015 and 2016 by assembly-line supervisors and co-workers with a torrent of racial epithets, talk about the size of his penis, and an employee shoving a drill gun into his rear end. Lambert claims that despite the maltreatment, he was still expected to work 12-hour shifts for six days per week. | not-forward | www.breitbart.com | https://www.breitbart.com/california/2017/07/09/tesla-u-s-june-deliveries-of-model-s-plunged-37-from-2016 |
News of Amazon's latest show comes amidst an executive shuffle at the company's film and TV unit, Amazon Studios. Earlier this month, programming chief Roy Price was forced to resign after lingering sexual harassment allegations against him went public. He was followed by head of comedy and drama Joe Lewis, who had reportedly made conflict of interest-influenced decisions over the casting of his girlfriend in Amazon show The Tick. | not-forward | www.engadget.com | https://www.engadget.com/2017-10-27-amazon-gymkhana-files-ken-block.html |
Hedge accounting is infamous as a fertile territory for accounting fraud. We found that a very large Midwest savings and loan was claiming that speculative investments that suffered large losses were "hedges." The accounting abuse hid the S&L's insolvency. In 2003, the SEC found that Fannie and Freddie had engaged in accounting abuse of purported hedges for the purpose of manipulating reported income so that the senior managers could maximize their bonuses. The Department of Justice failed to prosecute and the new senior managers continued to engage in accounting fraud until their frauds destroyed Fannie and Freddie. There are excellent reasons to investigate losses involving asserted hedges – and the problem is the Justice Department's failure to prosecute such accounting frauds. A prosecution in 2004 might well have prevented the failures of Fannie and Freddie and prevented hundreds of billions of dollars of losses. | not-forward | neweconomicperspectives.org | https://neweconomicperspectives.org/2012/05/maceys-apologia-for-jpmorgans-hedginess.html/?share=mastodon |
Despite concerns raised by Business intelligence, Compliance and FWCC members, Goldman continued with the transactions, bank transfers and bribery scheme. Along the way, senior managers ignored or failed to follow up on serious concerns. After the bond deals were completed, and as increased press attention and red flags uncovered, internal phone calls among Goldman's executives focused on serious bribery concerns and misconduct. Goldman failed to investigate these concerns or perform any internal review. High-ranking employees failed to escalate concerns, despite being required to do so under existing policies and procedures. Goldman executives were involved in several internal phone calls in which employees reported bribery concerns and disparate treatment and review of the 1MDB transactions versus other Goldman deals. Goldman executives ignored these reports and brushed them aside. | not-forward | www.jdsupra.com | https://www.jdsupra.com/legalnews/the-person-of-the-year-goldman-sachs-9727005 |
U.K. companies need more women on Executive committees, says review: Britain's top companies should ensure that more women make it on to Executive committees as well as into boardrooms, a government-backed review has recommended. RBS facing £400 million bill to compensate small business customers: Royal Bank of Scotland has apologised to small business customers as it revealed a £400 million bill to compensate them for poor treatment in the wake of the banking crisis. Daily Mail Imperial Brands raises dividend by 10% for eighth year in a row despite sharp fall in profits: Imperial Brands has raised its annual dividend by 10% for the eighth year in a row despite reporting a sharp fall in profits. | not-forward | www.proactiveinvestors.co.uk | https://www.proactiveinvestors.co.uk/companies/news/276475/in-the-papers-rio-tinto-caught-up-in-african-bribery-scandal-26475.html |
Hedge Fund and Insider Trading News: Boaz Weinstein, Bill Ackman, Allianz Global... Were Hedge Funds Right About Finally Buying Back Walgreens Boots Alliance Inc... | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/were-hedge-funds-right-about-walgreens-boots-alliance-wba-831193 |
Wells Fargo "has harmed and wounded millions of its customers who lost their homes and in no small measure their dignity all because the company failed them," said Nora Nash of the sisters of St. Francis of Philadelphia. The nuns are members of the Interfaith Center on Corporate Responsibility, or ICCR, which recently withdrew a resolution for the 2018 proxy calling for a report on the bank's ethical lapses after Wells Fargo agreed to work with the group. | not-forward | www.cbsnews.com | https://www.cbsnews.com/news/wells-fargo-ceo-tim-sloan-shareholder-complaints |
Microsoft announced in January that it would acquire Activision Blizzard--whose other popular titles include the World of Warcraft, Diablo, and Overwatch franchises -- for $68.7 billion. Activision Blizzard has been plagued by multiple allegations of sexual harassment, gender discrimination, sexual battery, and labor violations. | forward | www.commondreams.org | https://www.commondreams.org/news/2022/12/08/advocates-applaud-ftc-sues-stop-microsoft-activision-mega-merger |
Fujifilm, as 75% owner and controlling partner of Fuji Xerox, has concealed from Xerox the true extent of a massive and ongoing accounting fraud at Fuji Xerox caused by Fujifilm's own gross mismanagement. "In light of Fujifilm's numerous contractual breaches and continued misconduct and bad faith in its dealings with Xerox (among other things), Xerox does not currently plan to renew the technology agreement when it expires in 2021." Visentin claimed that a "material portion" of Fuji Xerox's revenue which comes from China has never been formally investigated for accounting fraud – a problem he said is "rampant" across the joint operation. | forward | www.printweek.com | https://www.printweek.com/content/news/xerox-hits-back-with-threats-over-fuji-xerox-agreement |
The company has been repeatedly bitch slapped by the WHO for marketing their products to nursing mothers, informing the women that the formula was better than breast milk. When mothers mixed the powdered substance with the only available poorly sanitized water, children died. They're still dying today, 1.5 million a year dead because of the effects of this campaign. Yet still, Nestle continues to promote formula. Here's a rundown courtesy of the WHO concerning the company's past and present activities. From the site: Code violations by Nestlé are condensed into a table format because the sheer volume of violations reported would take too many pages. All countries involved in this survey reported evidence of Nestlé violations. Yowch. The New York Times article includes one other ridiculous counterargument to the promotion of breast milk: an educational campaign could make some women feel bad. Aw. | not-forward | skepchick.org | https://skepchick.org/2006/06/boobs-not-just-for-adults |
Ann Caraway Ivins owns BancPro, and her husband, Leonard Ivins, is president of Fiserv Joint Venture, the umbrella company. | not-forward | www.americanbanker.com | https://www.americanbanker.com/news/rtc-slaps-fiserv-on-wrist-in-texas-ethics-case |
It comes after the company – which runs the Docklands Light Railway, the Boris Bikes scheme and the Atomic Weapons Establishment – was accused by the Government, one of Serco's biggest customers, of overcharging taxpayers to monitor the electronic tags of offenders who were actually dead, non-existent or in custody. Serco is also facing a separate police fraud investigation over alleged misreporting in a £285m prison escorting contract, amid claims staff recorded prisoners in London and East Anglia had been delivered ready for court – a key performance measure on the contract – when in fact they were not. | not-forward | www.independent.co.uk | http://www.independent.co.uk/news/business/news/serco-chief-resigns-in-fight-to-keep-government-contracts-8905233.html |
Uber was founded in San Francisco in 2009 by Travis Kalanick, 43, and Garrett Camp, 40. Mr Kalanick was forced to step down as chief executive in 2017 after a sexual harassment scandal. Dara Khosrowshahi, 50, former chief executive of Expedia, took over. | not-forward | www.thetimes.com | https://www.thetimes.com/uk/transport/article/food-delivery-costs-eat-into-ubers-big-gain-on-revenue-5vkcdtj69 |
13D Filing: VA Partners I, LLC and KKR & Co. L.P. (KKR) Hedge Fund and Insider Trading News: Warren Buffett, GoldenTree Asset Management... | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/is-kkr-co-inc-kkr-a-good-stock-to-buy-678321 |
Prosecutors say a City Council vote in 2007 to approve a contract worth more than $1 billion over 25 years was tainted by a bribery scheme carried out by Jim Rosendall, who was president of Synagro of Michigan. Rosendall pleaded guilty in January and admitted using an intermediary to bribe a council member to approve the contract. | not-forward | www.sandiegouniontribune.com | http://www.sandiegouniontribune.com/sdut-sewage-recyclers-saga-041909-2009apr19-story.html |
Back in 2016, a longtime Fox colleague of O'Reilly's was essentially forced out of her job at Fox after accusing him of sexual harassment. Her settlement required her silence, as do most, but reports allege that O'Reilly called Juliet Huddy while masturbating, and then retaliated against her professionally when she rejected his sexual advances. | not-forward | madison.com | https://madison.com/opinion/column/article_b1229377-c75e-5666-b257-def224852b7b.html |
The radio wars are escalating. In a one-two punch aimed at enlisting regulators to their cause, the National Association of Broadcasters (NAB) and National Public Radio want the Federal Communications Commission to investigate alleged misdeeds by satellite radio companies XM ( XMSR ) and Sirius ( SIRI ). On Oct. 12, National Public Radio CEO Ken Stern wrote to FCC Chairman Kevin Martin alleging that the satellite broadcasters' devices interfere with NPR broadcasts. And last week, David Rehr, president and CEO of the powerful NAB, fired off two letters to Martin alleging several regulatory violations. | not-forward | www.bloomberg.com | http://www.bloomberg.com/news/articles/2006-10-30/shooting-down-satellite-radio-businessweek-business-news-stock-market-and-financial-advice |
In addition, institutional shareholder advisory services Glass Lewis and Institutional Shareholder Services (ISS) have recommended that shareholders vote against Walmart at the meeting. Glass Lewis has advised investors vote down Walmart's remuneration plans stating that there is a "pay and performance disconnect". ISS has also advised shareholders vote for a motion demanding that Walmart strengthens oversight to prevent sexual harassment in the workplace. | forward | www.theguardian.com | https://www.theguardian.com/business/2019/may/27/bernie-sanders-to-demand-walmart-raise-poverty-wages |
The Court noted that the allegations showed that the directors were aware of the red flags, but the complaint did not support the inference that directors failed to respond, making it "not possible to draw a pleading-stage inference that the Director Defendants acted in bad faith." The Court reviewed the duty of oversight claim under In re Caremark International Inc. Derivative Litigation, 698 A.2d 959 (Del. Ch. 1996), specifically a "Red-Flags Claim." The Court noted that while Caremark liability could extend to the failure to monitor and react to sexual harassment, "plaintiffs must plead facts supporting [both] an inference that the red flags came to the attention of the Director Defendants" and "that the Director Defendants consciously failed to take action in response to the red flags." The Court noted that while the directors were indisputably aware of red flags, they also took action in response, calling special meetings to address the issue, receiving updates, and terminating the CEO. | not-forward | www.jdsupra.com | https://www.jdsupra.com/legalnews/delaware-court-of-chancery-dismisses-3834582 |
Kubiniec's allegations are an affront to the tens of thousands of CitiFinancial employees who strive every day to act in their customers' best interests. If true, the unethical sales tactics she describes would constitute serious violations of the company's policies and standards. As soon as we learned of her allegations, we commenced a thorough review that has reassured us that these alleged practices are in no way characteristic of how CitiFinancial employees treat their customers or offer and sell products," Citigroup spokeswoman Christina Pretto said. The affidavit drew strong reaction from Rep. John J. LaFalce of New York, the top Democrat on the House Financial Services Committee and a strong consumer advocate whose congressional district includes Tonawanda. "These allegations provide reason for concern about CitiFinancial's own practices and draw into question Citigroup's pledges to eliminate Associates' predatory practices," Rep. LaFalce said through a spokeswoman. | not-forward | www.americanbanker.com | https://www.americanbanker.com/news/congress-may-investigate-citi-units-loan-practices |
Little gets Angelenos more riled up than a New York Times piece about their city. On Tuesday, the Grey Lady attempted to wax majestic about the problems at the Los Angeles Times, which has suffered some turbulent changes as of late. After the newspaper's publisher and CEO was placed on unpaid leave following an investigation into sexual harassment, an award-winning business editor was mysteriously escorted out of the building before she could even close her laptop, and the Huffington Post reported that the paper may be building a new national desk outside the union that newsroom employees just formed —all of this before owner Tronc replaced the paper's top editor this week to quell the unrest—the New York Times suggested that the paper's troubles are "symptomatic" of problems with Los Angeles's very civic fabric, a blinkered double-diss of newspaper and city containing a litany of self-owns. | not-forward | slate.com | https://slate.com/business/2018/02/the-new-york-times-got-los-angeles-and-its-ailing-newspaper-embarassingly-wrong.html |
Green didn't mention that Chris Lynne, who now runs Phoenix as the school's president under Apollo Global, was from 2003 to 2010 a senior executive of Education Management Corporation (EDMC), another of the biggest for-profit college operations. EDMC collapsed after in 2015 it settled, for about $200 million, major fraud investigations pursued by both the U.S. Department of Justice and more than a dozen state attorneys general, brought over alleged deceptive practices and other illegal conduct that extended back into Lynne's tenure at the company. At that time of the settlements, U.S. Attorney General Loretta Lynch called EDMC "a high pressure recruitment mill." | not-forward | www.republicreport.org | https://www.republicreport.org/2024/concerns-mount-in-idaho-over-u-of-phoenix-deal |
The Nasdaq-listed coffee startup's share price fell over 75% on that day. Luckin issued an apology for the fraud on microblogging platform Weibo on Sunday, saying that Liu, and several other employees who report to him, have been suspended, and added that the firm will immediately disclose the investigation results to the public. "We will take all the necessary measures for remedy and will not avoid any problems brought by this matter," the announcement reads. Luckin will also maintain its normal operations in the meantime, the firm said. The company's chairman, Lu Zhengyao, also responded to the scandal on social media. "I'm deeply ashamed. I'll take the responsibility regardless of the final investigation results of the independent committee," he wrote on his WeChat Moments feed on Sunday. Meanwhile, on March 6, 10 US law firms have announced to file a lawsuit against Luckin on behalf of investors. | not-forward | www.kr-asia.com | https://www.kr-asia.com/luckin-coffee-sees-surge-of-app-downloads-after-admitting-accounting-fraud |
The battle between Japan's SoftBank and Dish Network (NASDAQ: DISH) for control of Sprint Nextel (NYSE:S) is getting nastier, with Dish warning the FCC that it should take into account SoftBank's ties to UTStarcom, which settled bribery allegations in 2009 with the Department of Justice. The filing by Dish comes shortly after SoftBank CEO Masayoshi Son said his company will not raise its $20.1 billion offer for 70 percent of Sprint to compete with Dish's unsolicited $25.5 billion counterbid because he said SoftBank's offer is already superior. Son called Dish's offer "incomplete and illusory" and said Dish's offer "includes statements that are misleading." In a filing with the FCC, Dish pointed to recent media reports from TR Daily and Politico about the DOJ investigation into UTStarcom, known as UTSI. | not-forward | www.fiercewireless.com | https://www.fiercewireless.com/wireless/dish-raises-specter-softbank-s-connection-to-utstarcom-bribery-allegations |
The vaccine is also being tested in the UK and the company is expected to announce results from those trials in the first quarter of this year. Novavax isn't the only company with a coronavirus vaccine to experience a major boost in share prices — and big sell-offs from executives. Last year, Moderna's CEO cashed in about $40 million in stock while the company's chief medical offer sold around $60 million. The sell-offs were pre-planned and in line with regulations adopted to avoid insider trading. Read the full Reuters report. | forward | www.pharmamanufacturing.com | https://www.pharmamanufacturing.com/sector/large-molecule/news/11294416/novavax-execs-take-home-millions-from-stock-selloffs |
Joining Facebook COO Sheryl Sandberg onstage Monday in Palo Alto, Chelsea Clinton said she wanted to see the private sector and government work together to show girls they can grow up to be like Sandberg and Mark Zuckerberg. | forward | techcrunch.com | https://techcrunch.com/2015/10/06/chelsea-clinton-sheryl-sandberg |
New reports from Eurogamer and Swedish newspaper Svenska Dagbladet detail further allegations of a misogynistic workplace culture at Paradox Interactive, the studio behind grand strategy's mainstays, including Europa Universalis, Crusader Kings, and Hearts of Iron. The report comes just over a month after a Paradox employee investigation reported that 69% of respondents felt suspicious while working at the firm. | not-forward | game-news24.com | https://game-news24.com/2021/10/12/more-details-of-sexual-harassment-at-paradox-interactive-are-revealed |
Finally, on July 26, 2023, The Friendly Bear published a short report on Applied Digital. The Friendly Bear report expressed the view that B. Riley "is controlling managerial decisions at Applied Digital to the detriment of Applied Digital shareholders"; that Applied Digital's board does not "meet[] the independence requirements under Nasdaq rules and. .. is essentially controlled by B. Riley." The Friendly Bear report also alleged that clear conflicts of interest undermined the Company's purported investigation into sexual harassment claims made against Defendant Cummins the previous month, noting that the manner in which the claims were summarily dismissed by Applied Digital's Audit Committee could subject Applied Digital to "significant legal blowback." | not-forward | consumerinfoline.com | https://consumerinfoline.com/news-today/applied-digital-shareholder-notice-securities-litigation-partner-james-josh-wilson-encourages-investors-who-suffered-losses-exceeding-100000-in-applied-digital-to-contact-him-directly-to-discuss |
Do Hedge Funds Love Groupon Inc (GRPN)? Hedge Fund and Insider Trading News: Chris Rokos, Elliott Management, Alden... | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/hedge-funds-are-falling-out-of-love-with-groupon-inc-grpn-850830 |
It's conducted in a completely different manner," Martino said. "To the extent that there is any risk, it's not as anywhere near as profound as in a casino or a traditional lottery." Jason Robins, CEO of DraftKings, a Boston-based daily fantasy sports company, applauded the commission's "careful consideration" and said his company is committed to working with the commission and other authorities to ensure the industry is operating transparently. "We are hopeful that this examination will give real consideration to the interests of the millions of individuals across the country who love to play our games," he said in a statement. The companies argue their games aren't gambling but rather games of skill that are effectively exempt from the federal online gambling ban passed in 2006. However, a memo by the commission's staff released Thursday challenged that notion, noting that daily fantasy sports did not even exist when the ban was passed. | not-forward | www.wcvb.com | http://www.wcvb.com/article/massachusetts-regulators-examining-daily-fantasy-sports-1/8228121 |
Bobby Kotick stepped down from his position as the CEO of Activision Blizzard on December 29, officially ending his 32 years with the company. After Kotick became embroiled in controversy due to allegations of toxicity and "constant sexual harassment" in the workplace, his position as the CEO of the company was widely questioned. Additionally, a recent Twitter post from a member of the Overwatch 2 community team, Andy Belford, has been circulating alleging that Bobby Kotick sabotaged the game's launch on Steam by denying the resources they requested. | not-forward | gamerant.com | https://gamerant.com/overwatch-2-acquisition-characters-pvp-2024 |
In its pursuit of growth, Steinhoff employed a two-pronged strategy. The first focused on creating a low-cost manufacturing base. This enabled the business to supply products at cheap prices to its target market of lower-to-middle income groups. Read also: Steinhoff insider trading bombshell: Markus Jooste tipped off his friends The second pillar consisted of an aggressive acquisition of companies. A great deal of the acquisitions took place in European countries such as Germany, Poland and France but also extended to Australia, New Zealand, Britain and the US. | not-forward | www.biznews.com | https://www.biznews.com/leadership/2018/11/29/south-africans-pay-price-ignoring-red-flags-steinhoff-book |
A spokesperson for Equifax had no comment on the litigation. Attorneys representing the 50-plus individual plaintiffs in the suit also declined to comment. The potential size of the class represented by the suit is enormous — "all residents of the United States whose personal information was compromised as a result of the data breach announced by Equifax." The allegations include violations of the federal Fair Credit Reporting Act, the FTC Act, plus state consumer protection laws, deceptive practices and data breach rules, all of which are recounted in the 323-page filing, state by state. | not-forward | therealdeal.com | https://therealdeal.com/2017/11/26/equifax-breach-is-already-taking-a-toll-on-consumers |
The ruling was likely to kill about 35 such actions filed in federal court, according to plaintiffs' lawyers. Minnesota Plaintiffs The Minnesota plaintiffs are Nancy Braun, who worked at a Wal-Mart store in Apple Valley; Debbie Simonson and Cindy Severson, who worked in Brooklyn Park; and Pamela Reinert, who worked at stores in the Minneapolis-St. Paul area. Each said she worked off the clock and was denied meal and rest breaks. Wal-Mart's own audits found that its hourly workers were missing rest and meal breaks, King said. Wal-Mart argued at trial the audits were unreliable, he said. ''Wal-Mart management responded to the audits with no action,'' he wrote. ''They put their heads in the sand.'' King said the evidence didn't support workers' allegations that Wal-Mart managers falsified records by inserting meal breaks into employee records. | not-forward | www.smh.com.au | https://www.smh.com.au/business/walmart-may-face-us2b-payout-20080702-307d.html |
Legal insider trading, particularly when it's bullish, is best served when the company in focus has seen transactions within the past 180 days. Over the last 180-day time frame, Quaker Chemical Corp (NYSE:KWR) has seen zero unique insiders buying, and zero insider sales ( see the details of insider trades here ). | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/should-you-avoid-quaker-chemical-corp-kwr-246445 |
Adding another layer of complexity to its already tumultuous situation, Lordstown Motors has filed a lawsuit against Foxconn, a Taiwanese electronics manufacturer. The legal action alleges that Foxconn failed to fulfill its commitments as a strategic partner, contributing to the financial troubles faced by Lordstown Motors. The lawsuit seeks to hold Foxconn accountable for its alleged misconduct, aiming to recover damages and secure the company's future prospects. | not-forward | www.industryleadersmagazine.com | https://www.industryleadersmagazine.com/lordstown-motors-files-for-bankruptcy-and-sues-foxconn-amid-financial-troubles |
A potential ruling by the justices against Wal-Mart permitting class action could put severe pressure on the company to settle the claims out of court. As lawyer Jessica Pieklo wrote when the case was first appealed to the Supreme Court: Wal-Mart's petition does not challenge the substance of the discrimination claims, but rather seeks to have the class certification aside–a smart move that could set plaintiffs efforts back years if granted. If denied Wal-Mart may find a whole new interest in settling these claims rather than trying them. … This case has been in the pipeline for ages now. It was originally filed in 2001 by six women in federal court in San Francisco, and Wal-Mart has vigorously battled against the claim every step of the way. It's a pretty safe assumption that Wal-Mart will seek review of the decision by the United States Supreme Court. Given the Federalist bend of Chief Justice John Roberts, it would be another safe assumption that this is a case he'd be eager to hear. | forward | rewirenewsgroup.com | https://rewirenewsgroup.com/2010/12/06/supreme-court-rule-whether-walmart-discrimination-suit-classaction |
These changes come in the wake of major criticism of Ubisoft earlier this year. In July, numerous Ubisoft developers around the world — including those at the company's Toronto, Montreal and Quebec studios — came forward to report experiences of sexual harassment and other toxic workplace behaviour. Earlier this month, an anonymous survey found that 25 percent of Ubisoft employees have either seen or experienced workplace misconduct. More recently, the company was also criticized for having imagery in its Tom Clancy: Elite Squad mobile game that likened a fictional terrorist group to the real-life Black Lives Matter movement. | not-forward | mobilesyrup.com | https://mobilesyrup.com/2020/10/29/ubisoft-far-cry-6-rainbow-six-quarantine-delayed |
Top conservative watchdog group Judicial Watch has filed a complaint asking the Office of Congressional Ethics to investigate Rep. Adam Schiff (D-Calif.) for potential ethics violations including leaking classified information. According to a letter written to the chairman of the House Office of Congressional Ethics, Doc Hastings, Judicial Watch is requesting that Schiff, in addition to Rep. Jackie Speier (D-Calif.), be investigated for "disclosing classified information to the public in violation of House ethics rules." The letter comes after House Intelligence Committee Chairman Rep. David Nunes (R-Calif.) came under fire from Schiff and other Democrats for similar concerns regarding the committee's investigation into alleged connections between President Donald Trump's campaign and Russia. Nunes recused himself from the investigation as a result of those concerns. | not-forward | www.theblaze.com | https://www.theblaze.com/news/2017/04/15/adam-schiff-gets-brutal-reality-check-when-top-government-watchdog-files-ethics-complain-against-him |
Gangadhar, who left Uber in July, was reportedly a director former Uber engineer Susan Fowler referenced in her blog post about mismanagement, sexual harassment and other issues at Uber. His departure, however, was reportedly unrelated to Fowler's claims. " Since I left Uber, I've been trying to move on from this story especially since I was cleared of any wrongdoing when others were not," Gangadhar said in a statement to TechCrunch. "Over the last 6 months I built the engineering executive team at Cruise bringing in 3 top VPs from companies such as Amazon, Hyperloop etc. | not-forward | techcrunch.com | https://techcrunch.com/2018/03/28/cruises-cto-a-former-uber-manager-is-out |
A spokesperson for Force Ouvrière (FO) said: "It is now clear that the problems in XPO are not limited to the American workforce. XPO Logistics is a rotten employer all over Europe, and this is a priority for unions in France, Spain, Belgium, the UK and across the EU. By standing together, we can stop the rot at XPO in Europe, and make the company change its ways in the USA." | forward | teamster.org | https://teamster.org/2018/04/sexual-harassment-exploitation-and-death-warehouse-xpo-workers-demand-end-toxic-culture |
And she said she was proud of employees' progress. She was reassigned within the National Park Service in late October while the inspector general of its parent agency, the Interior Department, looked into a subordinate's complaints that Lehnertz wrongfully proposed a one-day suspension, that she bullied or retaliated against male leaders, and that she wasted $180,000 to renovate a park residence. Her Denver-based attorney, Kevin Evans, said Lehnertz also was ordered not to contact Grand Canyon's staff. Investigators found Lehnertz did nothing wrong. She acknowledged that some employees found her personality harsh when she is stressed and that she asks detailed questions but said she had try to "check" herself, according to the investigative report. Lehnertz was set to return to the Grand Canyon ahead of the park's centennial celebration in late February. But Evans advised her not to go back. "If Chris has her preference, she would be back," Evans said. "But people can blame me for that." | not-forward | apnews.com | https://apnews.com/travel-and-tourism-general-news-96aa34f65fe44e49bb0d2458913b2117 |
Uber Technologies Inc. expects to conclude a report soon on claims of sexual harassment and sexism that it hopes will close a damaging chapter in its history. But it also could bring even greater scrutiny for the troubled ride-hailing company: Link | forward | www.benzinga.com | https://www.benzinga.com/news/17/05/9541449/the-market-in-5-minutes |
Lu had himself issued the following apology following the uncovering of the fraud: 'I have been in deep pain and guilt over the past month. I again apologise to all the investors, staff and clients of Luckin for the terrible impact of the incident.' | not-forward | www.ig.com | https://www.ig.com/uk/news-and-trade-ideas/where-next-for-luckin-coffees-share-price-amid-new-fraud-details-200609 |
MONTREAL — SNC-Lavalin's sudden return to the spotlight brings renewed focus on the beleaguered engineering firm's health, along with the potential economic consequences if it continues its path of decline. SNC-Lavalin Group Inc.'s bidding prospects, reputation and stock price have been causes for concern in a year that has seen its own financial woes conflated with its role in a political scandal that continues to dog Prime Minister Justin Trudeau. Canada's ethics commissioner said Wednesday that the prime minister improperly pressured the attorney general to overrule federal prosecutors to grant the construction giant a sweetheart deal on corruption charges, bringing SNC's pending criminal trial back into the headlines. But it remains unclear whether a conviction for the company, which employs some 8,700 people in Canada, would result in the dire economic fallout the government has feared. | not-forward | fftimes.com | https://fftimes.com/news/national-business/snc-lavalin-faces-renewed-questions-over-future-following-bombshell-report |
Tabacoff spent 16 years at Fox News, where he served as Bill O'Reilly's executive producer — and before that, he spent 25 years at ABC News. O'Reilly had one of Fox News' top opinion shows before he was fired following sexual harassment allegations. And Newsmax's Chris Ruddy, the Beast's Justin Baragona reports, has confirmed that Tabacoff is now part of the Newsmax TV team. | not-forward | www.alternet.org | https://www.alternet.org/2019/09/talk-of-hiring-megyn-kelly-for-right-wing-conservative-network-to-compete-with-fox-news |
* EPS $1.08 vs Wall St $1.07 view * US discount same-store sales up 1.5 percent * Spent $48 million on foreign corruption probes in Q3 By Brad Dorfman Nov 15 (Reuters) – Wal-Mart Stores Inc reported quarterly sales below analysts' expectations on Thursday, while sales at established U.S. discount stores trailed Wall Street estimates […] | not-forward | www.chicagotribune.com | https://www.chicagotribune.com/news/ct-xpm-2012-11-15-sns-rt-walmart-resultsupdate-2l1e8mf1cx-20121115-story.html |
The Justice Department concluded that between the years of 2013 and 2015, "a senior executive and some other employees at Microsoft Hungary participated in a scheme to inflate margins in the Microsoft sales channel, which were used to fund improper payments under the FCPA," according to Microsoft's Chief Legal Officer Brad Smith. Microsoft allegedly sold software to partner at a discount, those partners then resold those products to the Hungarian government at an increased price. The price difference then funded kickbacks to government officials. Microsoft has since fired employees engaging in this practice. Smith wrote in an email: "We were deeply disappointed and embarrassed when we first learned about these events several years ago, and we hope that all of the steps we've since taken, including today's settlement, send a strong message. As a company, we do not tolerate employees and partners who willfully break policies that go to fundamental issues of business integrity." | not-forward | www.breitbart.com | https://www.breitbart.com/politics/2019/07/23/microsoft-pays-25-million-to-end-investigation-into-overseas-bribery |
Welty worked for Wells Fargo Bank from October 2010 to December 2016, when he was discharged for the alleged misconduct, according to BrokerCheck records. He also worked simultaneously for Wells Fargo Advisors, beginning in January 2012. On his LinkedIn profile, Welty described himself as a branch manager in the greater Philadelphia area. | not-forward | www.financial-planning.com | https://www.financial-planning.com/news/former-wells-fargo-rep-barred-for-alleged-theft-from-memorial-fund |
LinkedIn is a socially responsible corporation that is focused on creating the best possible experience for its user base. But the company is merely the platform provider. It cannot (nor should it) police everything that goes on inside the lines. As stipulated in the LinkedIn User Agreement, members are urged to exercise discretion in their online interactions, restrict their connecting to people that they know, and not "harass, abuse, and harm another person." With varying degrees of faith, most LinkedIn users will accept invitations from strangers. Even with tight vetting, some connections may slip past the sentry and commit horrible breaches of professional etiquette. | not-forward | www.huffpost.com | https://www.huffpost.com/entry/when-a-linkedin-connectio_b_7339150 |
The revelation of the FDA report came just weeks after a whistleblower described as a former employee of the Sturgis facility stepped forward to U.S. Rep. Rosa DeLauro of Connecticut and alleged that Abbott falsified records, failed to maintain proper records and released untested baby formula. The whistleblower also alleged that Abbott hid information during a 2019 audit by the FDA and that products were unable to be properly traced. In response to allegations such as these, Abbott so far has issued lawyerly statements that deny a connection between the sickened infants and its company's formula, emphasize that its own inspection processes had detected cronobacter in formula that was subsequently pulled from distribution, and assert that it has been working to address the food safety violations the FDA flagged by upgrading the Sturgis plant. | not-forward | www.chicagobusiness.com | https://www.chicagobusiness.com/opinion/infant-formula-crisis-abbott-labs-ceo-robert-ford-must-step |
Aminov alleges deceptive practices despite adhering to DraftKings' bonus requirements. The suit claims the promotion impacted New York users who were "almost certain to lose money chasing it." Aminov alleges that DraftKings did not properly inform its new users that its deposit bonus is calculated as 20% of up to $5,000 of the new users' first deposit. The suit claims that DraftKings didn't disclose the immediate need of a $5,000 deposit and a wagering of at least $25,000 to be eligible for the promotion's $1,000 deposit bonus. | not-forward | sbcamericas.com | https://sbcamericas.com/2024/12/16/new-york-court-draftkings-class-action/?ampamp&noamp=mobile |
Over the course of the past few months, a resurgence in precious metals, particularly in gold, is taking place. Investors, initially lured by the lucrative profits from cryptocurrencies, came running back to the arguably safer and more secure precious metals market as Bitcoin and other currencies fell. Chief among those gold stocks that investors have long turned to is Barrick Gold Corp. ( TSX:ABX )(NYSE:ABX). As one of the leading gold producers on the planet, Barrick carries plenty of weight on the precious metals market, and the Toronto-based company has become a shining example of how to emerge from the epic collapse in gold prices that the market saw in 2011. Barrick releases results for the most recent quarter Earlier this week, Barrick announced results for the most recent quarter, which were impressive on several fronts. Barrick reported net income of US$158 million, or US$0.14 per share, in the most recent quarter on revenues of US$1.79 billion. | not-forward | www.fool.ca | https://www.fool.ca/2018/04/24/why-now-is-the-time-to-invest-in-a-gold-miner |
Shares of Dow Jones stock and industrial conglomerate United Technologies ( UTX ) edged up 0.1% Thursday, while Honeywell ( HON ) and 3M ( MMM ) traded lower. | not-forward | www.investors.com | https://www.investors.com/news/ge-stock-falls-bernie-madoff-whistleblower-claims-accounting-fraud |
The shares most recently traded at $54.93, down $0.41, or 0.74% since the insider transaction. Historical insider transactions for Align Technology go as follows: The average volume for Align Technology has been 1.2 million shares per day over the past 30 days. Align Technology has a market cap of $4.4 billion and is part of the health care sector and health services industry. Shares are down 3.41% year-to-date as of the close of trading on Tuesday. Align Technology, Inc. operates as a medical device company primarily in the United States and internationally. The company has a P/E ratio of 70.5. Currently there are 5 analysts that rate Align Technology a buy, no analysts rate it a sell, and 4 rate it a hold. Exclusive Offer: Get the latest Stock Analysis on ALGN - FREE TheStreet Quant Ratings rates Align Technology as a buy. | not-forward | www.thestreet.com | http://www.thestreet.com/story/12338460/2/insider-trading-alert--algn-knx-mtb-pbi-and-unm-traded-by-insiders.html |
The Chamber of Digital Commerce waded into the case of the former Coinbase ( NASDAQ: COIN ) employee accused of insider trading, calling the U.S. Securities and Exchange Commission's (SEC) action a "stealth attempt" to expand the agency's reach. | not-forward | coingeek.com | https://coingeek.com/digital-asset-trade-group-urges-court-to-dismiss-coinbase-insider-trading-case |
Uber also contended that the plaintiff failed to plausibly allege that "the ADA and DCHRA apply to its app, and that even if those statutes do apply, Uber's services do not constitute discrimination and cannot be reasonably modified." Additionally, Uber claimed that the DCHRA claim is barred by its one-year statutory limitations period. Considering Uber's motion to dismiss, the court found that the plaintiff "has associational standing to bring the complaint's ADA and DCHRA claims on behalf of its members." The court added that the complaint plausibly alleged Uber's eligibility for regulation under Title III of the ADA and the DCHRA. According to the court, the ERC also claimed "circumstances that plausibly sustain discrimination claims under the cited statutes" and the plaintiff's DCHRA claim was timely. As a result, the court denied Uber's motion to dismiss. Uber is represented by Morgan, Lewis & Bockius LLP. | not-forward | lawstreetmedia.com | https://lawstreetmedia.com/news/tech/court-denies-ubers-motion-to-dismiss-ada-discrimination-complaint" |
Hedge Funds Have Never Been This Bullish On CrowdStrike Holdings, Inc. (CRWD... Hedge Fund and Insider Trading News: Chris Rokos, Elliott Management, Alden... | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/were-hedge-funds-right-about-piling-into-crowdstrike-holdings-inc-crwd-855179 |
Luckin Coffee (OTCMKTS: LKNCY ) has had quite the year so far. Once touted as China's answer to Starbucks (NASDAQ: SBUX ), Luckin has been at the center of perhaps the largest Chinese fraud. The $300 million accounting fraud led to Luckin stock losing 74% of its value this year and its listing on the Nasdaq. However, with a few changes at the top and a strategic shift, the company is on the path of rebuilding itself. | not-forward | markets.businessinsider.com | https://markets.businessinsider.com/news/stocks/its-a-long-and-winding-road-ahead-for-luckin-stock-1029700739 |
David Barstow's explosive 7,600-word investigation of corruption at Wal-Mart is required reading this weekend. I'm not going to attempt to summarize the whole thing, but basically Eduardo Castro-Wright, currently Wal-Mart's vice-chairman, oversaw a culture of bribery when he was CEO of Walmex. And when a key player in that bribery scheme blew the whistle, Walmart in Bentonville buried the investigation, and didn't report anything to the authorities in either Mexico or the US. | not-forward | www.forbes.com | http://www.forbes.com/sites/timworstall/2012/04/22/wal-mart-and-corruption-in-mexico-so-what |
Wal-Mart Stores Inc. would like the Street to focus on the growth of its new urban stores in the U.S. when it provides first-quarter results on Thursday. But many investors will be distracted from the fundamentals by the continuing storm of criticism following bribery allegations that threaten to shake up the company's leadership. | forward | www.theglobeandmail.com | http://www.theglobeandmail.com/globe-investor/investment-ideas/bribery-allegations-forecast-to-rain-on-wal-marts-earnings-parade/article4184544 |
Bullish insider trading is particularly usable when the company in focus has experienced transactions within the past six months. Over the latest 180-day time frame, Quanex Building Products Corporation (NYSE:NX) has seen zero unique insiders purchasing, and zero insider sales ( see the details of insider trades here ). | not-forward | www.insidermonkey.com | http://www.insidermonkey.com/blog/is-quanex-building-products-corporation-nx-going-to-burn-these-hedge-funds-164048 |
JERSEY CITY, NJ / ACCESSWIRE / January 31, 2023 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that it joins 483 other companies as a member of the 2023 Bloomberg Gender-Equality Index (GEI), a modified market capitalization-weighted index developed to gauge the performance of public companies dedicated to reporting gender-related data. This reference index measures gender equality across five pillars: leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand. | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/amdocs-included-2023-bloomberg-gender-210500426.html |
Morgan Stanley, a renowned global financial services firm, faced allegations of failing to prevent the sale of First Republic Bank stock by a former CEO and insider of the bank. The sales occurred in the lead-up to the bank's collapse, raising questions about the adequacy of Morgan Stanley's compliance systems and the enforcement of insider trading laws. | not-forward | www.noradarealestate.com | https://www.noradarealestate.com/blog/morgan-stanley-fined-for-oversight-failures-in-first-republic-stock-sale" |
The litigation concerned FirstEnergy's Significantly Excessive Earnings tests from 2017 to 2020, audits of the subsidiaries' energy efficiency riders from 2014 to 2018 and a review of the utilities' current rate plans. Besides the Office of Ohio Consumer Counsel, the plaintiffs in the the legal actions were the Ohio Energy Group, Industrial Energy Users-Ohio, The Kroger Co., Nucor Steel Marion, Inc., Ohio Manufacturers' Association Energy Group, Ohio Partners for Affordable Energy, Ohio Hospital Association, Northeast Ohio Public Energy Council, and Interstate Gas Supply, Inc. While the new refunds are not directly connected to the bribery scandal connected to subsidizing two struggling Ohio reactors, the new agreement marks the latest in heavy financial penalties levied against FirstEnergy in 2021. | not-forward | www.exchangemonitor.com | https://www.exchangemonitor.com/rate-settlement-is-latest-financial-hit-for-firstenergy |
* Aluminum maker Alcoa Inc reported a net loss of $143 million for the third quarter, partly reflecting the costs of settling a four-year legal battle over bribery allegations, but results were modestly better than Wall Street's forecasts. | not-forward | www.reuters.com | http://www.reuters.com/article/press-digest-wsj-idUSL3E8LA1EH20121010?feedType=RSS |
Wal-Mart (NYSE: WMT), down 3% The fallout from yesterday's news that Wal-Mart's Mexican subsidiary was allegedly involved in a bribery scandal continued today, as the company started to take steps to address the problem. Wal-Mart named a global compliance officer to ensure that the company meets the requirements of the Foreign Corrupt Practices Act and to oversee a team of compliance directors throughout its international markets. | not-forward | www.fool.com | https://www.fool.com/investing/general/2012/04/24/3-dow-stocks-that-cant-catch-a-break.aspx |
She left after a £615million settlement – called a deferred prosecution agreement (DPA) – paid by Entain to resolve an investigation into alleged bribery at its former Turkish online betting business. | not-forward | www.thisismoney.co.uk | https://www.thisismoney.co.uk/money/markets/article-14305557/KPMG-probed-audit-gambling-giant-Entain-major-blow-scandal-prone-auditor.html |
The company's plans were set back further by a large-scale bribery scandal in Mexico reported by The New York Times in 2012. Under the new, labor-allied leadership at City Hall, Mayor Bill de Blasio and Council Speaker Melissa Mark-Viverito, the company is likely only to find increased local political opposition. Proponents of the Arkansas-based company argue that New York City consumers are hungry for one of its discount stores nearby, and note that many shoppers patronize Walmarts in the suburbs, taking their sales-tax dollars with them. City shoppers spent $215 million at Walmart stores near the city in 2012, according to the company. Walmart has a Long Island store in Valley Stream that is a few blocks from the Queens border. | not-forward | www.crainsnewyork.com | https://www.crainsnewyork.com/article/20140314/BLOGS04/140319908/walmart-lease-is-at-city-s-doorstep |
FRANKFURT — In September 2012, the co-chief executives of Deutsche Bank held a news conference here to announce an ambitious plan to make sure that the ethical lapses of the past, which had damaged the bank's reputation and led to huge fines, would never happen again. But less than a month later, one of the executives, Anshu Jain, may have deliberately made incorrect statements to regulators looking into allegations that Deutsche Bank employees were involved in manipulating benchmark interest rates to earn hundreds of millions of dollars in profit, according to findings by Germany's bank supervisory agency. The accusation against Mr. Jain, who resigned in June, was contained in a 37-page draft report sent to Deutsche Bank's management board in May by the agency, the Federal Financial Supervisory Authority, known by its German acronym, BaFin. The report also faulted to varying degrees the conduct of numerous other top executives who are still in their jobs, though none were accused of crimes. | not-forward | www.nytimes.com | https://www.nytimes.com/2015/07/18/business/dealbook/deutsche-bank-executives-conduct-faulted-in-agency-report.html |
9. A Massachusetts court ordered three UnitedHealth-owned insurers to pay over $165 million for engaging in widespread deceptive practices that misled thousands of consumers into purchasing supplemental health insurance they didn't need. The defendants were acquired by UnitedHealthcare in 2019. The deceptive practices occurred primarily between 2012 and 2016, before UnitedHealth purchased the companies. | not-forward | www.beckershospitalreview.com | https://www.beckershospitalreview.com/legal-regulatory-issues/11-recent-healthcare-industry-lawsuits-settlements-2 |
SAN JOSE, Calif. (AP) — A former manager for a Silicon Valley security business that worked for Facebook testified at a sheriff's civil corruption trial that he and his company's CEO agreed to give political donations in exchange for concealed-weapons permits they needed to help guard high-profile clients. Martin Nielsen, who implicated a Santa Clara County sheriff's captain and others in the alleged bribery scheme, testified publicly for the first time Monday at Sheriff Laurie Smith's trial. He detailed how he was tasked with finding a way to get concealed-carry permits for AS Solutions security agents who were assigned to high-profile clients, the Mercury News reported. The effort followed a 2018 shooting at the YouTube campus in San Bruno in which a woman wounded three people before killing herself. The now-defunct security company's high-profile clients included Meta CEO Mark Zuckerberg. | not-forward | apnews.com | https://apnews.com/article/business-elections-california-campaigns-san-jose-b9abedbad522b5797ea7d708f5e8fad5 |
No health or safety officials have said Bausch & Lomb products cause the infections. But the FDA announced it was inspecting Bausch & Lomb's Greenville, S.C., plant, which made the recalled product. | not-forward | www.heraldtribune.com | https://www.heraldtribune.com/story/news/2006/04/22/sarasota-woman-sues-over-eye-infection/28473949007 |
Luiga said changes in the way television is consumed, including more on-demand and more streaming, makes Telia want to have more control of content to service its over one million TV customers. He added that Telia is also looking for companies in areas like internet security, cloud and data storage, not least in Sweden but also in the rest of the Nordics and the Baltics. In a global wave reshaping the telecoms and media sectors, including AT&T and Time Warner's attempt to merge, recent deals in the Nordics include Tele2's bid for cable-TV firm Com Hem. Telia began its retreat from central Asia after former management became embroiled in a bribery scandal in Uzbekistan. The company turned the page last year with U.S. and European settlements costing $966 million. | forward | www.dailymail.co.uk | https://www.dailymail.co.uk/wires/reuters/article-5786903/Telia-CFO-reassures-investors-share-buybacks-despite-M-A-plans.html |
With the returns shown by the aforementioned time-tested strategies, retail investors should always monitor hedge fund and insider trading activity, and Old Dominion Freight Line (NASDAQ:ODFL) is an important part of this process. | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/here-is-what-hedge-funds-think-about-old-dominion-freight-line-nasdaqodfl-werner-enterprises-inc-nasdaqwern-landstar-system-inc-nasdaqlstr-106882 |
Tesla Inc and its Chief Executive Elon Musk are under criminal investigation by the US Department of Justice over public statements about taking the electric carmaker private, it was reported on Tuesday. Tesla did not immediately respond to a request for comment, while DoJ declined to comment. Federal prosecutors opened a fraud investigation, the report said, citing two people familiar with the matter, over Musk's tweets in early August that he had secured funding for a buyout deal valued at $72 billion, before backing off. Musk has already been sued by short-sellers such as Citron Research and is facing a probe by the US Securities and Exchange Commission. The billionaire CEO's behaviour has raised concerns about his leadership, with several Wall Street analysts and some investors urging Tesla to appoint a strong second-in-command. | not-forward | profit.pakistantoday.com.pk | https://profit.pakistantoday.com.pk/2018/09/18/tesla-musk-face-criminal-probe-over-go-private-statements |
A recent whistleblower complaint portrayed Dorsey as a disengaged leader, whose neglect created a "rudderless" organization plagued with serious security vulnerabilities. Elon Musk's efforts to back out of a $44 billion deal to buy Twitter, along with his public trashing of the company and its employees, has cast a humiliating pall on Dorsey's legacy and left many observers baffled by Dorsey's lack of response. | not-forward | fortune.com | https://fortune.com/2022/09/01/jack-dorsey-elon-musk-whistleblower-reputation-blind/?amp;utm_medium=social&utm_source=twitter.com&xid=soc_socialflow_twitter_FORTUNE |
Hedge Fund and Insider Trading News: Bill Ackman, Point State Capital, AQR... Hedge Funds Have Never Been This Bullish On Starbucks Corporation (SBUX) | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/hedge-funds-have-never-been-this-bullish-on-starbucks-corporation-sbux-2-829747 |
India lacks adequate corporate regulation, and its enforcement is pathetic. For instance, as many as 1,228 of the Bombay Stock Exchange's 4,995 listed companies have failed to submit reports required by Clause 49 of the Listing Agreement, including information on their boards' composition, audit committees, CEO/CFO certification of accounts, and related-party transactions and subsidiary companies. | not-forward | www.rediff.com | https://www.rediff.com/money/column/-indian-capitalism-has-always-had-a-criminal-side/20090116.htm |
Maybe color blindness is the reason everyone misses the "red flags." The Securities and Exchange Commission charged a supplier of body armor to the U.S. military for engaging in what it called "massive accounting fraud." The SEC alleges that DBH Industries, now known as Point Blank Solutions Inc. (PBSOQ), "engaged in pervasive accounting and disclosure fraud through its senior officers and misappropriated company assets to personally benefit" its former chief executive, David Brooks. The regulator also charged outside directors Jerome Krantz, Cary Chasin and Gary Nadelman for their parts in the scheme, saying they were "willfully blind to numerous red flags" signaling the fraud." "As the fraud swirled around them, Krantz, Chasin, and Nadelman ignored the obvious and submitted to the directives and decisions of DHB's senior management while themselves profiting from sales of the company's securities," said Eric Bustillo, director at the SEC's Miami office. | not-forward | www.goingconcern.com | https://www.goingconcern.com/massive-accounting-fraud-du-jour-dbh-industries-nka-point-blank-solutions |
Is Vertex Pharmaceuticals (VRTX) A Smart Long-Term Buy? Hedge Fund and Insider Trading News: Ray Dalio, Warren Buffett, Odey Asset... | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/hedge-funds-arent-crazy-about-vertex-pharmaceuticals-incorporated-vrtx-anymore-982295 |
Because Zoltek Companies, Inc. (NASDAQ:ZOLT) has faced a declination in interest from the entirety of the hedge funds we track, we can see that there were a few money managers that elected to cut their full holdings in Q1. It's worth mentioning that Thomas E. Claugus's GMT Capital dropped the biggest position of the "upper crust" of funds we key on, valued at an estimated $3.1 million in stock.. Jim Simons's fund, Renaissance Technologies, also cut its stock, about $1.4 million worth. These bearish behaviors are interesting, as aggregate hedge fund interest dropped by 2 funds in Q1. | not-forward | www.insidermonkey.com | https://www.insidermonkey.com/blog/here-is-what-hedge-funds-think-about-zoltek-companies-inc-zolt-178621/?singlepage=1 |
Toshiba Corp. acknowledged a systematic cover-up, which began in 2008. Various parts of the Japanese company's sprawling business including computer chips and personal computers were struggling financially, but top managers set unrealistic earnings targets under the banner of "challenge," and subordinates faked results. On top of its struggles in electronics, Tokyo-based Toshiba's prospects in nuclear power, one of its core businesses, were shaken after the 2011 Fukushima disaster set off public fears about reactor safety, making new nuclear plants unlikely in Japan. All 48 of the nation's working reactors are now offline. | not-forward | oregonbusiness.com | https://oregonbusiness.com/15194-toshiba-executives-resign-over-1-2b-accounting-fraud |
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