DraftKings Settles $10M Class-Action Lawsuit Over NFT Marketplace
DraftKings Settles $10M Class-Action Lawsuit Over NFT Marketplace. DraftKings has agreed to pay $10 million to settle a class-action lawsuit over its now-closed NFT marketplace. The lawsuit, led by investor Justin Dufoe, accused the gambling giant of selling unregistered securities in the form of NFTs. Federal Court Grants Preliminary Approval On February 28, U.S. District […]
Serbian Opposition Calls to Cancel Expo 2027 in Belgrade Over Corruption Concerns
Serbian Opposition Calls to Cancel Expo 2027 in Belgrade Over Corruption Concerns. Serbian opposition parties have formally requested the Bureau International des Expositions (BIE) cancel the planned Expo 2027 in Belgrade, citing significant concerns over potential corruption risks and financial mismanagement. The request was submitted by the People’s Movement of Serbia (NPS) and signed by […]
Clifford Chance Advises Sri Lanka on Sovereign Debt Restructuring
Clifford Chance Advises Sri Lanka on Sovereign Debt Restructuring. Clifford Chance, alongside financial advisor Lazard, has successfully advised the Government of Sri Lanka on its sovereign bond exchange offer, marking a pivotal moment in the country’s multi-year debt restructuring process. This marks the final step in a comprehensive effort to restore Sri Lanka’s debt sustainability […]
Gibson Dunn Advises Kraft Heinz on $1B USD and €600M Euro Notes
Gibson Dunn Advises Kraft Heinz on $1B USD and €600M Euro Senior Notes Offering. Kraft Heinz Foods Company, along with its guarantor, The Kraft Heinz Company, has successfully issued $1 billion USD in senior notes and €600 million Euro in Euro-denominated notes. Gibson Dunn played a key role in advising Kraft Heinz on this landmark […]
Healthy Gulf Sues Louisiana Over CO2 Pipeline in Wildlife Area
Healthy Gulf Sues Louisiana Over CO2 Pipeline in Wildlife Area. Healthy Gulf, an environmental advocacy group based in New Orleans, has filed a lawsuit against the state of Louisiana, challenging the approval of a CO2 pipeline project that would cut through the Maurepas Swamp Wildlife Management Area. This legal action, filed in the 19th Judicial […]
Gilead Sciences Sets Aside $200M for HIV Drug Settlement
Gilead Sciences Sets Aside $200M for HIV Drug Settlement. Gilead Sciences (GILD.O) has set aside $200 million to potentially settle an ongoing investigation into its promotional speaker program for HIV drugs. The company disclosed this in a Friday afternoon securities filing, detailing its efforts to resolve the probe with the Manhattan U.S. Attorney’s office. The […]
Amir Shmueli Joins Ropes & Gray’s Global Finance Practice
Amir Shmueli Joins Ropes & Gray’s Global Finance Practice. Ropes & Gray has announced that Amir Shmueli has joined the firm as a partner in the global finance practice in New York. His addition significantly strengthens the firm’s already exceptional team of over 100 finance attorneys in the U.S. and Europe. Building Strong Client Relationships […]
Blatter and Platini Face New Fraud Trial Over €2.12M FIFA Payment
Blatter and Platini Face New Fraud Trial Over €2.12M FIFA Payment. Sepp Blatter, the former FIFA president, and Michel Platini, the former UEFA president, are back in court for a fresh fraud trial nearly three years after their previous acquittal. The pair is also facing charges of forgery and misappropriation linked to a controversial 2 […]
Business Owner Faces 20 Years for Attempting to Export Military Tech to China
Business Owner Faces 20 Years for Attempting to Export Military Tech to China. David C. Bohmerwald, 63, owner of the electronics resale company Components Cooper Inc., pleaded guilty to attempting to illegally export accelerometer technology with military applications to China without the proper license. This violation of the Export Control Reform Act (ECRA) could result […]
Iowa Becomes First to Remove Gender Identity Protections
Iowa Becomes First to Remove Gender Identity Protections. Iowa Removes Gender Identity Protections in Landmark Vote In a historic and controversial decision, Iowa lawmakers on Thursday became the first in the U.S. to approve a bill removing gender identity protections from the state’s civil rights code. The legislation has sparked massive protests, with critics arguing […]
Convicted Knife-Wielding Polish Drug Dealer Wins Deportation Appeal on Human Rights Grounds
Convicted Knife-Wielding Polish Drug Dealer Wins Deportation Appeal on Human Rights Grounds. A convicted Polish drug dealer has successfully overturned a UK Home Office deportation order, arguing that he cannot speak Polish and has no family ties in his birth country. Who is Nikodem Lopata? Nikodem Lopata, 22, from Crewe, Cheshire, was sentenced to four […]
Sean ‘Diddy’ Combs Accused of Sexual Abuse, Coercion, and Violence by Bad Boy Co-Founder Kirk Burrowes.
Sean ‘Diddy’ Combs Accused of Sexual Abuse, Coercion, and Violence by Bad Boy Co-Founder Kirk Burrowes. Music mogul Sean “Diddy” Combs is facing new legal trouble as Kirk Burrowes, co-founder and former president of Bad Boy Entertainment, has filed a lawsuit accusing him of decades-long sexual abuse, coercion, and violence. Burrowes’ lawsuit, filed on February […]