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Wirecard AG
Wirecard shareholders sue EY over alleged asset stripping in Germany
...In a multi-stage process that first involved a change of the existing group’s legal structure, the firm then carved out its highly profitable consulting, tax and M&A advisory operations through an asset...
April 8, 2024
Live news: US trade groups sue FTC over non-compete ban
Trade groups sue FTC over non-compete ban
...The vote broadly bans non-compete contracts, which restrict workers from leaving for a competitor, usually for a certain period of time and in a specific geographic region....
April 24, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Live news: Tesla notches seventh straight loss ahead of Tuesday earnings release
US sues to block Tapestry’s $8.5bn acquisition of Capri Holdings
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
April 22, 2024
Live news: Tesla notches seventh straight loss ahead of Tuesday earnings release
US sues to block Tapestry’s $8.5bn acquisition of Capri Holdings
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
April 22, 2024
News updates from March 4: US Supreme Court rules Trump can remain on Colorado ballot; aviation regulator finds compliance issues at Boeing
Former X executives sue Musk for $128mn in severance pay
...In a lawsuit filed on Monday in a California federal court, the former executives said Musk “manufactured” their terminations, accusing them of gross negligence and willful misconduct “without citing a single...
March 4, 2024
Retail & Consumer industry
FTC sues to block $8.5bn deal between the makers of Michael Kors and Coach
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
April 22, 2024
FT Live
Evolving retirement strategies in an ever-changing world
What new regulatory developments mean for IFAs
Tuesday, 30 April1 Friday Street, London
News updates from February 27: Hungary backs Sweden’s Nato bid, FTC sues to block Kroger-Albertsons merger
FTC sues to block biggest supermarket merger in US history
...A Kroger spokesperson said blocking the deal would harm “America’s consumers and workers”....
February 26, 2024
News updates from March 1: Nvidia closes above $2tn valuation, Gunvor to plead guilty to US bribery charges
Elon Musk sues OpenAI and Sam Altman over multibillion-dollar alliance with Microsoft
...“OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” wrote Musk’s lawyers in a filing issued to a San Francisco court on...
March 1, 2024
News updates from January 30: Microsoft posts record revenue, Eurozone economy stagnates in Q4
New York sues Citibank over online fraud protections
...The suit cites one case in which a Citi account holder lost $40,000 after clicking on a phishing link sent to their phone....
January 30, 2024
UK politics
Sue Gray draws Labour complaints over leak investigation
...Labour party members have complained about a heavy-handed leak investigation conducted by Sir Keir Starmer’s chief of staff Sue Gray, the latest controversy to hit the opposition party....
February 13, 2024
News updates from January 2: Drone strike kills senior Hamas leader, Tesla overtaken as biggest EV maker
Trump sues over Maine ballot rejection
...Trump on Tuesday asked a superior court in Maine to reverse the decision by Shenna Bellows, Maine’s secretary of state, saying she was a “biased decisionmaker” who should have recused herself....
January 2, 2024
News updates from January 22: US and UK launch new strikes at Houthis, Arnault to tap sons to LVMH board
ExxonMobil sues to block shareholder climate petition
...ExxonMobil has filed a lawsuit to try to stop a shareholder climate resolution from going to a vote at its annual investor meeting, in a first for the US oil major that marks an escalation in the battle...
January 21, 2024
European Commission
EU parliament sues Ursula von der Leyen’s commission over Hungary funds
...The European parliament will sue the European Commission over its decision last year to unblock €10bn for Hungary in frozen funds as Brussels sought to convince Budapest to lift its veto over aid to Ukraine...
March 14, 2024
News updates from January 3: US job openings fall to 32-month low, Blasts kill about 100 in Iran
Donald Trump sues over removal from Maine primary ballot
...Trump on Tuesday asked a superior court in Maine to reverse the decision by Shenna Bellows, Maine’s secretary of state, saying she was a “biased decision-maker” who should have recused herself....
January 2, 2024
Elon Musk
Former Twitter executives sue Elon Musk in $128mn severance dispute
...He has publicly criticised them for their running of the platform on several occasions, particularly when he attempted to pull out of the acquisition and sue the company, prompting Twitter to sue him in...
March 4, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
FirstFT
FirstFT: Elon Musk sues Sam Altman and OpenAI over Microsoft partnership
...A figure below 50 suggestions contraction in the sector....
March 1, 2024
Insurance
Nord Stream sues insurers for €400mn over pipeline explosions
...The company also claimed for about €3.7mn for a damage survey, plus other costs. Lloyd’s of London and Arch declined to comment....
March 12, 2024
Labour Party UK
Sue Gray assumes pivotal role in Keir Starmer’s inner circle
...Sue Gray, the former UK civil servant who played a key role in the downfall of Boris Johnson’s administration, is rapidly emerging as a pivotal figure in Labour high command as the party steps up its general...
January 8, 2024
OpenAI
Musk sues OpenAI and Altman for breach of contract
...Musk’s own xAI company is a direct competitor to OpenAI and launched its first product, a chatbot named Grok, in December. OpenAI and Microsoft declined to comment....
March 1, 2024
US Treasury bonds
Hedge fund groups sue SEC to challenge Treasury dealer rule
...A long-anticipated rule on company climate disclosures was temporarily paused by an appeals court last week as it considers a legal challenge brought by two energy companies....
March 18, 2024
Greensill Capital
Lex Greensill sues UK government over ‘misuse of private information’
...In Switzerland, Lex Greensill was named as a suspect alongside four former Credit Suisse bankers in a case that centred on mis-selling allegations in relation to the collapse of a $10bn set of the bank’s...
March 5, 2024
Baring Asset Management Ltd
Barings sues Nomura-backed private credit firm over ‘one of largest corporate raids’ in years
...Barings, a subsidiary of US life insurer MassMutual, filed on Monday for a temporary restraining order and preliminary injunction against Corinthia Global Management in a North Carolina court....
March 18, 2024
US employment
Employee non-compete agreements barred by US regulator
...The US Chamber of Commerce announced it would sue the regulator, arguing the agency lacked constitutional and statutory authority to enact the rule, calling it a “blatant power grab” that “sets a dangerous...
April 23, 2024
News updates from November 27: Israel-Hamas truce extended by two days, Qatar says, Fast-fashion group Shein files confidential IPO paperwork in US
Tesla sues Swedish state in bid to circumvent union action
...sympathy action with striking Tesla workshop mechanics, a move Tesla chief Elon Musk has called “insane”....
November 27, 2023
UK employment
Ministers propose reimposing fees on English workers seeking to sue boss
...But very few cases of labour market violations make it to a tribunal....
January 29, 2024

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