US Politics
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Autonomy’s former chief financial officer lost a bid at the Ninth Circuit on Wednesday to nix a securities fraud conviction for lying about the British software company’s financials before Hewlett-Packard Co.’s $11.7 billion acquisition in 2011… Read this piece in its entirety at Law360.
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A Los Angeles fashion company under-invoiced imported clothes as a way of avoiding customs tariffs and laundering money, federal prosecutors said Wednesday as they announced Ambiance Apparel and its owner had agreed to plead guilty to the scheme and pay $118 million… Read this piece in its entirety at Law360.
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Kanye West promised a business partnership with a Black-led company, but instead stole its technology for his “Sunday Service” video and e-commerce platform, the company alleges in a suit filed Tuesday in Los Angeles federal court… Read this piece in its entirety at Law360.
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Navient investors won a bid Tuesday to pursue their stock price inflation suit as a class action, though the Delaware federal judge who granted the request pared back one of the classes based on a challenge by the student loan servicing giant… Read this piece in its entirety at Law360.
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American Honda Motor Co. Inc. announced Tuesday that it will pay $96 million to 46 states, three U.S. territories and Washington, D.C., to resolve a probe related to allegedly defective air bags in the company’s vehicles, which have also been the subject of extensive civil litigation… Read this piece in its entirety at Law360.
Mike LaSusa 