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...Atlas SP has originated $24bn in debts since its creation, including a $1bn loan to PacWest, the California regional bank that suffered a sharp drop in deposits in early 2023....
...The new owner was originally cloaked by his limited liability company, but Son was revealed to be the buyer a few months after the purchase by the Los Angeles Times....
...There were 36,000 individual Names at Lloyd’s but now the number is just a few thousand. While a couple of hundred of these still hold unlimited liability, new Names typically have limited liability....
...After a fractious call with Grant Thornton’s management last week, retirees said the sum they were offered was unfairly low, in some cases coming up short by $1mn or more....
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...A ruling in California to permit expert testimony has already been followed by a string of settlements. Last month, French group Sanofi decided to settle 4,000 claims in cases outside Delaware....
...The case was set to go to trial on February 20, and will now be dismissed. Last year, GSK settled a similar case in California....
...company in the world....
...“Maybe there should be some more defendants in this case,” Judge Kevin Castel wondered aloud during a 2020 federal trial he was overseeing....
...To explain a bit further: Let’s imagine a company with $100 of asset value and $60 in liabilities, which leaves it with an equity value of $40....
...A Chinese man who worked as a software engineer at Google in California has been charged by the US justice department with stealing artificial intelligence trade secrets from the technology giant while covertly...
...The company appointed chief investment officer Greg Davis as president and said its board was conducting a search process for a new CEO....
...California-based Silver Lake has focused on larger takeovers in recent years, with co-chief executive Egon Durban telling the Financial Times last year that the group was focused on “all-in bets”....
...It recently sold a large site in California to contract manufacturer Lonza for $1.2bn....
...That’s the case even as they start to face pressure to sell some portfolio companies to return capital to their backers....
...A High Court trial has been scheduled for October, which will deal with certain aspects of alleged liability....
...When suspending Cruise’s driverless permit, the California Department of Motor Vehicles said the company had misrepresented the details of the accident by failing to disclose in meetings the day after it...
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...Ruurd Brouwer is the chief executive of TCX, and Barry Eichengreen is professor of economics and political science at the University of California, Berkeley....
...Epic lost a related case against Apple in 2021, when a California judge concluded that the tech giant did not break the law by imposing rules that block rival stores and payment methods on its devices....
...But in a statement early on Thursday, the company expressed regret over the tragedy....
...In the case of Amazon, only content produced by its own models, such as Titan, as well as a range of the company’s AI applications, are covered....
...Beijing is developing nationwide rules to clarify which companies will be liable in the case of an accident....
...Berkshire Energy’s PacifiCorp is facing, in the worst case, tens of billions of dollars in civil liability for the alleged role its equipment played in multiple wildfires that raged in California and Oregon...
...Reckitt’s chief executive has vowed to overturn the damaging verdict of a jury in the US that the company’s Enfamil baby formula caused the death of a premature infant, insisting that the products are safe...
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