US Politics

9th Circ. Says Ex-Autonomy CFO Can’t Nix Fraud Conviction

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.

Fashion Importer To Pay $118M Over Laundering Scheme

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.

Kanye West Accused Of Swiping Tech For ‘Sunday Service’

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.

Honda To Pay $96M To Resolve States’ Air Bag Defect Probe

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.