Legal Archives - Page 32 of 258

1 minute read

Costly Misstep? Hewlett Packard Claims $4B Losses From Autonomy Deal: Report

February 12, 1:04 PM

Hewlett Packard Enterprise claims a staggering $4 billion loss on Autonomy acquisition, alleging fraud by Mike Lynch. The U.S. tech giant seeks restitution in a lawsuit against Lynch and former CFO Sushovan Hussain. Following a tumultuous legal battle, HPE aims to recover losses from its $11.1 billion purchase of Autonomy in 2011. Despite a court victory in 2022, Hewlett Packard faces uncertainty over damages as Lynch prepares to appeal.

HPE

3 minute read

Legal
News

Presto Automation Raises $6M Involving The Sale Of Convertible Subordinated Notes, Wins Final Appeal In Case Against XAC

By Benzinga Newsdesk

February 12, 11:06 AM

Presto Automation Inc. (NASDAQ:PRST) ("Presto" or the "Company"), one of the largest AI and automation technology providers to the restaurant industry, today announced it has closed a financing led by its existing

PRST

2 minute read

Citigroup Grapples With Urgent Regulatory Changes Amid Risk Measurement Concerns

By Vandana Singh

February 12, 10:28 AM

U.S. regulators, led by the Federal Reserve, demand immediate changes to Citigroup's derivative risk assessments. CEO Jane Fraser faces hurdles in revitalizing the bank's fortunes amid regulatory challenges.

3 minute read

Nikola Rejects Slate Of Directors Nominated By Trevor Milton For Election To Nikola Board Of Directors

By Benzinga Newsdesk

February 9, 9:14 AM

Milton, Former Executive Chair, Criminally Convicted and Sentenced to 48 Months in PrisonPHOENIX, Feb. 9, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy

NKLA

1 minute read

Goldman Sachs Under Investigation For Futures Trading Fees

By Piero Cingari

February 8, 4:24 PM

Goldman Sachs is the subject of a probe looking into its fee structure for futures trading, following a whistleblower's alert.

3 minute read

Trump’s Spot On 2024 Colorado Ballot In Hands Of Supreme Court: Justices Focus On 14th Amendment, Former President Calls Hearing ‘A Very Beautiful Process’

By Chris Katje

February 8, 3:56 PM

The US Supreme Court heard arguments related to the removal of Donald Trump from the 2024 election ballot in Colorado. Key takeaways and what's next.

DWAC

3 minute read

Trump’s 2020 Election Case Reaches Supreme Court: Here’s What’s At Stake

By Chris Katje

February 8, 12:38 PM

The Supreme Court is hearing a case related to Donald Trump being eligible for inclusion on Colorado's 2024 election ballot.

DWAC

2 minute read

Mark Cuban, NBA Sued Over Ties To Defunct Crypto Exchange Following Multi-Billion Dollar Investor Losses

By Mehab Qureshi

February 8, 8:52 AM

Investors have brought legal action against the National Basketball Association (NBA), claiming losses of $4.2 billion tied to their partnership with the now-collapsed Voyager Digital Holdings Inc.

BTC

2 minute read

Tim Cook Evades Elon Musk’s Fate As Judge Throws Out Lawsuit Accusing Apple Of Overpaying CEO, Other Execs By Tens Of Millions

By Ananya Gairola

February 8, 2:47 AM

U.S. District Judge Jennifer Rochon in Manhattan dismissed the lawsuit, stating that Apple had accurately disclosed its pay methods in its 2023 proxy statement.

AAPL