CFPB Slaps Wise with $2.5 Million Penalty for Deceptive Remittance Practices
CFPB Slaps Wise with $2.5 Million Penalty for Deceptive Remittance Practices. In a landmark ruling, the Consumer Financial Protection Bureau (CFPB) has ordered the international remittance company, Wise, to pay a hefty fine of $2.5 million after discovering a series of illegal actions, including deceptive advertising, misleading fees, and failure to properly disclose crucial costs […]
White & Case Shatters $3B Revenue Barrier with 12.5% Surge
White & Case Shatters $3B Revenue Barrier with 12.5% Surge. White & Case has achieved a significant milestone, surpassing the $3 billion mark in revenue for 2024, with a 12.5% increase to $3.3 billion. This impressive growth has also driven a 27% rise in profit per equity partner (PEP), reaching $4 million. The results signal […]
Hogan Lovells Advises Avelios Medical on €30 Million Funding
Hogan Lovells Advises Avelios Medical on €30 Million Series A Financing Round Led by Sequoia Capital. Hogan Lovells has advised Avelios Medical, a Munich-based hospital software developer, in its €30 Million Series A financing round, which was led by Sequoia Capital. Avelios Medical, which specializes in creating modular software platforms for hospitals, will use the […]
Biffa Sues Scottish Ministers for £160 Million Over DRS Failure
Biffa Sues Scottish Ministers for £160 Million Over DRS Failure: Court Allows Case to Proceed. Biffa Waste Services Limited has initiated a £160 million lawsuit against the Scottish Ministers, claiming negligence and negligent misrepresentation linked to the failed Deposit Return Scheme (DRS). The company asserts that the Scottish Ministers had a duty to protect the […]
Canadian Family Files $10M Lawsuit Over Food Poisoning Deaths
Canadian Family Files $10 Million Lawsuit Over Fatal Food Poisoning at Dominican Resort. A Canadian family has filed a $10 million lawsuit following the tragic deaths of two family members who succumbed to food poisoning while staying at the Viva Dominicus Beach by Wyndham Resort in the Dominican Republic in December 2023. April and her […]
HMRC Wins Appeal in £200 Million Tax Case Against BlueCrest Capital Management
HMRC Wins Appeal in £200 Million Tax Case Against BlueCrest Capital Management. HM Revenue & Customs (HMRC) has secured a victory in its appeal against BlueCrest Capital Management (UK) LLP, placing the hedge fund management firm at risk of facing a potential £200 million tax liability. The Court of Appeal recently ruled that certain salaried […]
Steve Coogan Escapes Driving Ban After Plea to Save The Trip with Rob Brydon
Steve Coogan Escapes Driving Ban After Plea to Save The Trip with Rob Brydon. Steve Coogan has managed to avoid a driving ban after pleading with the judge that it would affect his upcoming TV show. The Alan Partridge actor, 59, was caught driving at 97mph on the M6 near Telford on 29 July last […]
Kanye West Denies Bipolar Disorder, Claims Autism Diagnosis
Kanye West Denies Bipolar Diagnosis, Claims Autism Diagnosis: A New Self-Realization. Kanye West, 47,the rapper and entrepreneur known for his controversial statements and actions, has recently revealed that he no longer identifies with his previous bipolar diagnosis. Instead, West now asserts that he is autistic, a condition he believes was misdiagnosed as bipolar disorder in […]
Widow of Philip Morris Sues Spire Healthcare Over His Death
Widow of Philip Morris Sues Spire Healthcare Over His Death. The widow of a 48-year-old man who passed away following a gastric sleeve surgery is taking legal action against Spire Healthcare, the private healthcare provider that performed the procedure. Philip Morris tragically died in 2021, just four days after undergoing the surgery at Spire St […]
Dentons Appoints Carly Sainty and Norman Hatting to Senior Leadership
Dentons Appoints Carly Sainty as Global Chief Brand Officer and Norman Hatting as Global Chief People Officer Dentons, the largest global law firm, is pleased to announce the appointment of Carly Sainty as Global Chief Brand Officer and Norman Hatting as Global Chief People Officer. These appointments reflect the Firm’s commitment to leadership excellence and […]
Latham & Watkins Advises MicroStrategy on $563.4 Million Preferred Stock Offering
Latham & Watkins Advises MicroStrategy on $563.4 Million Preferred Stock Offering. MicroStrategy Incorporated (Nasdaq: MSTR) has announced the pricing of its preferred stock offering, valued at US$563.4 million, scheduled for January 30, 2025. The offering involves 7,300,000 shares of 8.00% Series A Perpetual Strike Preferred Stock, priced at $80.00 per share. The anticipated settlement date […]
Poland Loses €320M Due to Judicial Reform Dispute
Poland to Lose €320 Million in EU Funds Due to Ongoing Disputes with Brussels Over Judicial Reforms. Poland will not receive back the €320 million in EU funds that were deducted due to ongoing disputes with Brussels regarding judicial reforms and the country’s adherence to the rule of law. The General Court has ruled that […]