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A-Cap firms move to stop AM Best from downgrading its assessment of their financial strength
...Additional reporting by Robert Smith...
Suit in London’s High Court seeking claims over debts tied to a company owned by industrialist Sanjeev Gupta
...Credit Suisse staff are preparing to sue the Swiss financial regulator over $400mn of bonuses that were cancelled following the bank’s rescue by UBS....
...Carine Smith Ihenacho, the fund’s chief governance and compliance officer, said: “We are concerned with anything that takes away shareholder rights . . ....
...ING and Maike declined to comment on the case, as did law firms Reed Smith and King & Wood Mallesons, which represent ING and ICBC respectively....
Holiday group to go head to head with insurers in High Court after rains shut down Somerset resort
Lloyd’s of London among those hit by lawsuit in High Court
Also in today’s newsletter, signs of further economic trouble in China and an alleged Ponzi scheme run by a Harvard MBA
...Microsoft’s president Brad Smith told the Financial Times this week that while the companies were “very important partners”, “Microsoft does not control OpenAI”....
...“Sue pays close attention to how teams work and relationships are built,” he said....
FTX founder seeks payout from CNA as trial gets under way in New York
...Smith had “a visceral reaction” to the possibility of working with Frasers and subsequently ensured the relationship was terminated, according to Frasers’ written submissions....
...The head of Norway’s $1.5tn oil fund has slammed ExxonMobil’s decision to sue two shareholders over a climate proposal, pursuing the litigation even after they dropped the resolution....
Also in today’s newsletter, Russia blocks billions of dollars in western profits and California sues Big Oil
...One of those acres is home to Tom and Sue Stuart-Smith’s remarkable not-for-profit enterprise to cultivate good mental health, community and a “plant library”....
Also in today’s newsletter, FTX sues founder Sam Bankman-Fried and cinemas look to cash in on ‘Barbenheimer’
...He had not only to be Kinnock, Smith and Blair, but Michael Foot too....
...The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer....
...‘Between Memory and Forgetting’ runs to June 4, theboxplymouth.com; ‘Sue Williamson & Lebohang Kganye: Tell Me What You Remember’ runs March 5 to May 21, barnesfoundation.org...
...Twitter: Elon Musk’s X Corp has threatened to sue a non-profit group that suggested there had been a rise in hate speech and disinformation on the social media platform since Musk took over. 2....
...Related: Singapore investors are also planning to sue Switzerland over the writedown of Credit Suisse bonds on the grounds that it violated a free trade agreement. 2....
Also in today’s newsletter, Ukraine willing to discuss future of Crimea and a Hollywood business manager sues Goldman Sachs
...Our editor is Jess Smith. We had help this week from David da Silva, Michael Lello and Gavin Kallmann. Our executive producer is Topher Forhecz....
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