Delaware Court Rules Against Elon Musk’s $56 Billion Compensation Package
Delaware Court Rules Against Elon Musk’s $56 Billion Compensation Package. On Monday, a Delaware judge ruled that Elon Musk, CEO of Tesla, is not entitled to the $56 billion compensation package, despite shareholder support. Chancellor Kathaleen McCormick of the Delaware Court of Chancery upheld her earlier January decision, which deemed the package excessive, even after […]
Kirkland & Ellis Advises Consolis Group on Successful Debt and Equity Recapitalization Deal
Kirkland & Ellis Advises Consolis Group on Successful Debt and Equity Recapitalization Deal. Kirkland & Ellis recently advised Consolis Group, a European leader in precast concrete solutions for the building and utilities sectors, in connection with its comprehensive debt and equity recapitalization, which was successfully completed on November 28, 2024. This pivotal transaction, executed by […]
Baker McKenzie Advises 13 NSW Councils on Iberdrola PPA
Baker McKenzie Advises 13 NSW Councils on Iberdrola PPA. Baker McKenzie has successfully facilitated a significant Power Purchase Agreement (PPA) between Iberdrola and 13 participating councils in New South Wales (NSW). The agreement, which is set to begin on January 1, 2025, and run until the end of 2030, will provide over 390 GWh of […]
Charlie Rose Settles Sexual Harassment Lawsuit with Three Former Employees
Charlie Rose Settles Sexual Harassment Lawsuit with Three Former Employees. Charlie Rose, 82, the former CBS This Morning anchor, has reached a settlement in the sexual harassment lawsuit filed by three former employees. The lawsuit, which came to light in 2018, accused Rose of creating a hostile work environment through unwanted touching, verbal harassment, and […]
New Mexico Resident Awarded Record $412 Million in Medical Malpractice Lawsuit
New Mexico Resident Awarded Record $412 Million in Medical Malpractice Lawsuit. A resident of New Mexico has reportedly been granted the largest-ever medical malpractice compensation awarded by a jury in the United States, following a series of unsuccessful penile injections. In November 2024, a jury in Albuquerque awarded the individual, currently in his 70s, a […]
Class-Action Lawsuit Filed Against Shen Yun Alleging Forced Labor, Child Exploitation
Class-Action Lawsuit Filed Against Shen Yun Alleging Forced Labor, Child Exploitation. Berger Montague and Farra & Wang have filed a class-action lawsuit against Shen Yun, the renowned Chinese classical dance and music organization, and its affiliated parties, accusing them of exploiting forced labor, including child labor, and violating labor laws. The lawsuit, filed by primary […]
Court Rules OFAC Exceeded Authority in Sanctioning Tornado Cash Smart Contracts
Court Rules OFAC Exceeded Authority in Sanctioning Tornado Cash Smart Contracts. In August 2022, the U.S. Office of Foreign Assets Control (OFAC) imposed sanctions on Tornado Cash, a cryptocurrency mixing service, accusing it of laundering over $7 billion in digital currency since its creation in 2019. OFAC stated that Tornado Cash played a key role […]
White & Case Advises Banco Mercantil del Norte on $1.5 Billion Tier 1 Capital Notes Issuance
White & Case Advises Banco Mercantil del Norte on $1.5 Billion Tier 1 Capital Notes Issuance. White & Case LLP has advised Banco Mercantil del Norte (Banorte), one of Mexico’s leading banking institutions, in its issuance of US$1.5 billion in Tier 1 capital notes. The issuance, finalized on November 20, 2024, marks a significant milestone […]
Ron Simon & Associates and The Gomez Trial Attorneys File Lawsuit Against Grimmway Farms Over E. Coli Outbreak Linked to Organic Carrots
Ron Simon & Associates and The Gomez Trial Attorneys File Lawsuit Against Grimmway Farms Over E. Coli Outbreak Linked to Organic Carrots. In a recent legal move aimed at protecting consumers and holding responsible parties accountable, Ron Simon & Associates, a leading national food poisoning law firm, has partnered with The Gomez Trial Attorneys to […]
£7 Billion Legal Action Against Google Approved for Trial Over Market Dominance
£7 Billion Legal Action Against Google Approved for Trial Over Market Dominance. A £7 billion legal action against Google, accusing the tech giant of exploiting its dominance in the search engine market, has been approved to proceed to trial by the Competition Appeal Tribunal (CAT). The claim, led by consumer rights advocate Nikki Stopford, alleges […]
Ukrainian Citizen Pleads Guilty to Tax Fraud and Money Laundering Charges, Causing Over $9.5M in U.S. Tax Loss
Ukrainian Citizen Pleads Guilty to Tax Fraud and Money Laundering Charges, Causing Over $9.5M in U.S. Tax Loss. Oleg Oliynyk, a Ukrainian citizen, pleaded guilty to charges of conspiracy to defraud the United States and conspiracy to engage in money laundering. The charges stem from his involvement in a large-scale illegal operation spanning from August […]
Baker Mayfield Faces Legal Battle Over $12 Million Dispute with Family Business
Baker Mayfield Faces Legal Battle Over $12 Million Dispute with Family Business. Tampa Bay Buccaneers quarterback Baker Mayfield, 29, is embroiled in an ongoing legal dispute with his family in Austin, Texas. On November 22, Mayfield’s legal team filed a lawsuit in U.S. District Court, claiming that Camwood Capital Management Group, owned by his father […]