Hints and tips:
Related Special Reports
...A federal judge has dismissed 3M’s attempt to use the US bankruptcy system to manage personal injury claims related to earplugs it sold, in the latest setback to a legal strategy corporations have used to...
...I’m a novelist, but I also investigate corporations, rooting out fraud and hyperbolic accounting in some of the world’s biggest businesses....
...He co-led at trial against 3M, which faced mass tort action on behalf of more than 250,000 veterans....
...We also talked about 3M now emboldened by the apparent success of J&J’s LTL unit last year. A 3M subsidiary applied for bankruptcy. But essentially this didn’t work out the way 3M wanted....
...The FT’s US pharmaceutical correspondent Jamie Smyth helps us explore whether J&J’s use of this manoeuvre is setting a precedent for corporations to evade accountability in America....
...Senate judiciary committee chair Dick Durbin called it a “get out of jail free card” for large corporations. Now the courts are set to weigh in....
...“Bankruptcy courts are for honest companies in financial distress, not billionaire mega-corporations like J&J, 3M and Koch Industries, that seek to close courthouse doors to their victims.”...
...Lawyers acting on behalf of the military veterans who claim they suffered hearing loss because of 3M’s earplugs described the ruling as a “tremendous victory”. 3M is one of a growing number of large corporations...
...Executives at other US companies are anxiously studying the ruling by the Third US Circuit Court of Appeal, which experts say could prevent solvent corporations such as 3M and Koch Industries from using...
...BEN will issue 33.3M shares of stock to fund the deal (based upon 5/30 share price)....
...Surrounded by a 3m-high wall lined with barbed wire and security cameras, a three-storey complex housed scores of migrant workers in dingily lit rooms....
...It means we have not just the lowest headline corporation tax rate in the G7 but its most generous capital allowances....
...What else we’re reading The US legal move letting corporations off the hook 3M, the conglomerate, is part of a recent trend whereby US corporations make use of the bankruptcy court not because they are...
...Claimants are challenging 3M’s bankruptcy in a case that began on Monday....
...In this week’s episode, we explore whether J&J’s use of this manoeuvre is setting a new precedent for corporations to evade accountability in America....
...This includes 3M, which is accused of producing defective earplugs for the US military. It’s faced hundreds of thousands of lawsuits, and it’s lost ten out of 16 trials as of this June....
...But even at 19% our corporation tax regime did not incentivise investment as effectively as countries with higher headline rates....
...Roblox does not disclose how many of its 47.3m daily active users globally come from China, but an investor presentation on Tuesday showed sparse usage in the mainland....
...After laying out its intention to go public last month, TPG, which was co-founded by David Bonderman and Jim Coulter in 1992, said on Tuesday that it planned to sell 28.3m shares at between $28 and $31 each...
...Finsbury Food said first half pre-tax profit surged nearly fivefold to £17m on revenue up 2.3 per cent to £313.3m....
...The Houston-based company has recently secured deals with buyers including state-backed Sinochem that total 3m tonnes a year....
...Using figures from the OECD, a multilateral economic agency, the US working age population appears to have topped in May 2020 at 207.3m....
...chief executive of Walmart, cautioned this week, even as he and his contemporaries noted the strength of consumer spending and the prospect that elevated savings rates indicated continuing pent-up demand. 3M...
...According to ENRC, Gerrard was under pressure to justify the $3m-a-year pay deal he had agreed with Dechert....
...The City is already home to 9.3m square metres of office floorspace with a further 760,000 square metres under construction, while there were only 7,850 residential units in the City as at March 31, 2020...
International Edition