Legal & Regulatory
Sanctioned Russian Billionaire Files Lawsuit Against UBS in Germany Over Money Laundering Alerts
Russian billionaire Alisher Usmanov has filed a lawsuit against a German unit of UBS Group AG over anti-money laundering reports that triggered a criminal investigation of him.
Toyota Shareholders Re-Elect Akio Toyoda as Chairman Amid Safety Test Scandal, Governance Issues
Toyota shareholders re-elected chairman Akio Toyoda to his post on the board but left him beleaguered due to the company’s governance issues and scandals involving some of its car models.
Trafigura Pays $55 Million to Settle US Fraud, Manipulation Charges
Trafigura settled CFTC claims that it manipulated a fuel oil benchmark and prevented workers from cooperating with authorities.
Adobe Sued For Allegedly Making Subscriptions Hard to Cancel With Hidden Fees
The FTC sued Adobe for hiding early subscription termination costs and making cancellation hard. Adobe's Freemont offices are seen April 18, 2005 in Seattle, Washington.