Delta Airlines has hired David Boies, prominent attorney and chair of law firm Boies Schiller Flexner, in order to seek damages from CrowdStrike and Microsoft after an outage this month that caused millions of computers to crash, including those in airports.
Legal & Regulatory
Jimmy 'MrBeast' Donaldson Apologizes for 'Inappropriate Language' in Early Career
Jimmy Donaldson, known for his YouTube screen name ‘MrBeast,’ admitted to the ‘inappropriate language’ he uttered in his early career, but stayed silent regarding the allegations regarding fraudulent corporate practices and questionable work ethics surrounding him and his team.
TikTok HQ in Singapore Reports Food Poisoning Incident After 60 Staff Fell Ill
Dozens of ByteDance employees in Singapore were hospitalized for severe food poisoning, prompting an investigation by health officials into the third-party catering service used by the company.
Citi Bank Breaches Fed Rule and Admits to Errors in Financial Reporting
Citigroup has repeatedly violated Regulation W, a U.S. Federal Reserve rule meant to limit risky intercompany transactions, leading to errors in its liquidity reporting.
CrowdStrike-Microsoft Outage Cost Delta Air Lines $500 Million After 4,000 Flight Cancellations
Delta Air Lines CEO Ed Bastian announced that a recent IT outage caused by a faulty CrowdStrike software update resulted in a $500 million loss for the airline and over 4,000 canceled flights.
Latest News
MrBeast, the 300-million-subscriber YouTube channel and media company behind it, has been under fire in recent days due to double allegations directed at its founding co-presenters, Jimmy Donaldson and Ava Kris Tyson, regarding its questionable work ethics and predatory sexual behavior, respectively.
Billionaire investor Bill Ackman’s firm Pershing Square announced that it was postponing its initial public offering, saying that there was an ‘enormous sensitivity’ to the size of the transaction.
American Airlines agreed to allot $4.2 billion worth in pay and benefits to its flight attendants after agreeing on a tentative deal.
Hundreds of newspaper journalists of Australian commercial media outlet Nine began its nationwide five-day strike to oppose a pay offer from company management while the media firm is set to broadcast the Paris Olympics.
SpaceX said that it identified and fixed the problem that caused a failure in its Falcon 9 rocket in a launch earlier this month after announcing it has filed a mishap report to the FAA.
Under Prop 22, drivers for Uber and Lyft are not entitled to benefits such as overtime pay and paid sick leave.
Manhattan-based diamond dealer Manashe Sezanayev has been charged for alleged fraudulent practices against fellow jewelry merchants.
Maersk Line agreed to a settlement offered by the US Labor Department in relation to an alleged retaliatory termination of a container ship seaman who revealed questionable practices and potential safety concerns onboard the company’s vessels.
The Australian Federal Court dismissed a class action lawsuit that claimed German pharmaceutical and chemicals company Bayer’s glyphosate-based herbicide Roundup could cause a type of blood cancer, which gave the firm a respite after facing similar cases in the United States.
