Go First Airlines Liquidation Delayed Amid Funding Concerns
The liquidation proceedings for Go First Airlines have been delayed due to concerns over the legitimacy of securing third-party funding for arbitration. The National Company Law Tribunal (NCLT) in India has postponed its decision regarding the appointment of a liquidator, raising critical questions about the approval of external funding for the airline’s case at the […]
U.S. Authorities Set to Implement Stricter M&A Filing Requirements
U.S. Authorities Set to Implement Stricter M&A Filing Requirements The Federal Trade Commission (FTC) is introducing significant changes to U.S. antitrust regulations governing mergers and acquisitions (M&A). These updates to the Hart-Scott-Rodino (HSR) Act represent the most substantial overhaul to U.S. antitrust laws in over 40 years, adding several administrative layers to the M&A process. […]
King & Spalding advise Beyond, Inc. on $40m million investment in The Container Store Group
King & Spalding advise Beyond, Inc. on $40m million investment in The Container Store Group. Beyond, Inc., the owner of Bed Bath & Beyond, has formed a strategic alliance with The Container Store Group, Inc., a leading U.S. specialty retailer known for its organizational and storage solutions. This partnership leverages the strengths of both brands, […]
Microsoft Agrees $69 Billion Activision Blizzard Deal Lawsuit Settlement
Microsoft Agrees $69 Billion Activision Blizzard Deal Lawsuit Settlement. Microsoft Corp. has reached a settlement in a lawsuit filed by a group of gamers who sought to block the company’s acquisition of video game publisher Activision Blizzard for $69 billion last year. Microsoft Corp. has reached a settlement in a lawsuit filed by a group […]
The Bank of Cyprus has closed around 20,000 accounts of Russians
The Bank of Cyprus has closed around 20,000 accounts of Russians. The Bank of Cyprus, which is the largest bank in the country, has terminated more than 20,000 accounts associated with approximately 7,000 Russian nationals since February 2022. The bank’s representative, Karen Le Cannu, stated that the financial institution has exclusively maintained accounts for individuals […]
Pinsent Masons Strengthens team in Disputes Practice Group
Pinsent Masons Strengthens team in Disputes Practice Group. Pinsent Masons has appointed Edward Shaw as a partner within its disputes practice group located in London. Edward Shaw has over 20 years’ experience in providing counsel on disputes related to construction, engineering, and infrastructure. Mr. Shaw is an experienced litigator and international arbitration lawyer who has […]
Dr Dre sued by psychotherapist divorce mediator
Dr Dre sued by psychotherapist divorce mediator. A psychotherapist serving as a mediator in the divorce proceedings of music mogul Dr. Dre has asserted that the rapper’s conduct instilled a sense of fear for his personal safety. A psychotherapist serving as a mediator in the divorce proceedings of music mogul Dr. Dre has asserted that […]
Hermes shoppers group try again in Birkin bag antitrust lawsuit
Hermes shoppers group try again in Birkin bag antitrust lawsuit. U.S. consumers taking legal action against the French luxury brand Hermes have once again updated their lawsuit, aiming to convince a doubtful judge that the company is compelling customers to spend significant amounts on other items before they can acquire one of its iconic Birkin […]
Crypto-CEO Faces US Extradition In Crypto Asset Fraud
Crypto-CEO Faces US Extradition In Crypto Asset Fraud. The U.S. Securities and Exchange Commission (SEC) has filed fraud charges against three companies and nine individuals implicated in schemes aimed at manipulating the cryptocurrency market. These schemes were designed to distort the markets for several crypto assets that were offered and sold as securities to retail […]
Theresa Randle ‘Bad Boys’ actor detained by LAPD after suspected felony assault
Theresa Randle ‘Bad Boys’ actor detained by LAPD after suspected felony assault. The ‘Bad Boys’ actor, Theresa Randle, 59, was taken into custody in Los Angeles this week on suspicion of felony assault with a deadly weapon, but was not charged. Randle, 59, was detained Monday over an incident that happened Saturday but has not […]
Bayer’s $78 Million Lawsuit in Roundup Cancer Trial
Bayer’s $78 Million Lawsuit in Roundup Cancer Trial. The German multinational pharmaceutical and biotechnology company ‘Bayer’ must pay $78 million to a Pennsylvania man who said he got cancer from using the company’s Roundup weedkiller, a state court in Philadelphia found on Thursday. A jury in Pennsylvania has delivered a verdict unfavorable to Bayer, granting $78 […]
Skiplagged Trademark Infringement Costs American Airlines $18M
Skiplagged Trademark Infringement Costs American Airlines $18M. American Airlines Inc. has filed a lawsuit against airfare search engine Skiplagged Inc., claiming that the company has caused $18 million in damages by misrepresenting itself as an authorized agent of the airline. Skiplagged Advocates for Its Business Operations Skiplagged, recognized for its promotion of hidden-city ticketing […]