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...In the motion, which was seen by the Financial Times, the lawyers demanded the court establish that all of EY’s German business units remain liable for potential damages....
...The advisory services company, which is part of Los Angeles-based B Riley Financial, does restructuring and turnaround work, forensic accounting and litigation support, and valuations....
...But regulators are studying the liquidity risks being stored up in these strategies, and the potential spillover effects for the wider financial sector....
...The data unit, Parameta Solutions, was registered in February as a standalone company as TP ICAP prepared a possible sale or listing of it, said two people with knowledge of the matter....
...The episode raises questions about the extent to which the English courts are used for litigation over dirty money and how often judges are ruling on cases brought under false premises....
...Bernard Arnault’s son Frédéric has been appointed chief executive of LVMH’s watches unit, a role he says will result in “working more closely” with his billionaire father....
...“This matter is the subject of litigation and we have already communicated our views on it in the filing referenced. It speaks for itself.”...
...a significant impact on the bank’s strategic plans or financial targets”....
...The company is set to report its first quarter financial results on Wednesday....
...Lawsuits targeted HomeServices in particular because of Berkshire’s financial resources including $167.6bn in cash, far more than independent brokers....
...The US litigation-focused firm is increasing base salaries for newly qualified lawyers by 18 per cent, according to a statement from the firm on Friday....
...This follows GSK’s spin-off of its consumer health division Haleon, and the strong performance of its vaccines unit, including Arexvy, a new vaccine for respiratory syncytial virus that reached blockbuster...
...Burford Capital, dual listed in London and New York, is up 70 per cent in the past year but still below where it was in 2019 when hedge fund Muddy Waters attacked its financial reporting....
...Robinhood said its crypto unit had been sent a so-called Wells notice, which warns a company that it faces legal action and potential civil litigation, monetary penalties and limits on business activities...
...“Getting that to a close is a very important milestone,” Philip’s chief executive Roy Jakobs told the Financial Times....
...It said betting companies had a significant role to play in combating financial crime....
...The years-long securities litigation, led by the UK’s Norfolk County Council, came after a rare and unexpected warning Apple issued on Chinese sales in January 2019....
...The Berkshire unit facing the wildfire litigation, PacifiCorp, has a problem in common with many US utilities: how to fund potentially giant payouts if they’re found liable in future disasters....
...Litigation funders throw their financial backing behind parties in legal battles that they calculate are likely to win, in exchange for a share of the proceeds....
...On Wednesday J&J said it would pursue alternative ways to resolve the litigation while awaiting approval from claimants....
...The deal increased the company’s debt and exposed it to sprawling litigation risks over Monsanto’s weedkiller Glyphosate, which is alleged to cause cancer....
...Nor will it be able to change the basic financial structure of the game. Lex kicked off here....
...Speaking to the Financial Times following the Illinois verdict, Licht did not confirm or deny that the company was exploring a sale again. “Who is going to want to buy an infant formula business?”...
...appointed chief strategy and change officer on an interim basis while the FTSE 100 company searches for a permanent holder of the new position, according to an internal memo sent last week seen by the Financial...
...Ubben told the Financial Times on Thursday that he continued to hold his stake and declined to comment further....
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