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...He said this made it “much harder to enforce claims” over the Wirecard audits....
...EY could also have faced unlimited liability for claims of damages from Wirecard’s administrator and former shareholders....
...New York-listed Accenture, which employs 740,000 people in 120 countries, denies all of the claims. Sweet denies treating Lacy adversely....
...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...The claim was made by the defendants in the dispute, who on Tuesday asked the court to compel the other side, including CT Group, to disclose how they had handled their confidential and privileged information...
...Other audit firms have faced negligence claims in Hong Kong in relation to their work for Chinese companies. In 2021, KPMG settled legal claims brought by liquidators over its audit of China Forestry....
...Damerau says the claims against the company are fabricated....
...Even now, with a bid on the table, questions remain around whether Darktrace is the master of bleeding-edge technology it claims to be....
...The UN considers UNRWA a “humanitarian lifeline” that is “pivotal in providing life-saving humanitarian aid and essential social services”, particularly healthcare and education, to Palestinian refugees...
...Insurers are rushing to get their head around the size and variety of the potential claims....
...In the short term, it is targeting sales among China’s logistics operators, and claims to have dozens of partnerships and trial projects already under way, including with ZTO Express, one of the country’...
High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolen
...Susan Crichton, the Post Office’s general counsel between 2010 and 2013, will appear today at Aldwych House in London to respond to claims that, under her watch, the business brought prosecutions against...
...employees were mentioning conditions such as autism and ADHD for the first time once they had been put on some form of performance management plan or were facing dismissal, and none of them could support their claims...
...However, Krithivasan cautioned that claims of the immediate impact of generative AI were overblown. “We are in the phase where we are in a hype that we are overestimating the benefits,” he said....
...Handler looked forward to pursuing his breach of contract claims lawsuit, the representative added....
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...Legal services AI that can automate data collection and analysis is also much in demand — and legal services providers have been early adopters....
...Plus, will Labour’s plan to fully renationalise the UK’s passenger rail network if it wins the next general election translate into better train services for customers?...
...McKinsey is facing a criminal investigation in the US over its work for opioid manufacturers, piling new pressure on a firm that has paid almost $1bn to settle civil claims that its advice fed an epidemic...
...What might XL fetch? Based on its forecast book value and the 1.4 times book which AIG received for Validus, XL should be worth around €2.5bn in a trade sale, think Berenberg analysts....
...“Those who have always been ostracised and censored by the public broadcasting service will never ask for censorship from anyone,” she wrote on Facebook....
...The extra repayment hinges on whether the Internal Revenue Service, the US’s tax agency, agrees to subordinate its own claim for unpaid tax, which would have seen the IRS’s claim prioritised ahead of FTX...
...He added: “We can claim great companies that are performing well from a business perspective but we cannot yet claim a string of exits that make those good companies good investments....
...Instead, in the event of an insolvency, debt in the securitisation is secured on claims from the proceeds of a sale to a suitable owner....
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