Legal & Regulatory

Audit Finds Australia's Treasury Overspending on Budget Night Functions

A recent report by the Australian National Audit Office found that the country’s Treasury department apparently spent over $22,000 on food, alcohol, and venues for its budget night functions, which allegedly breached its own probity laws and internal policies.

Under Armour Agrees to Pay $434 Million to Resolve Lawsuit Alleging It Misled Shareholders

Under Armour settled a class action lawsuit accusing company of misleading shareholders about sales growth for $434 million...

California Democrats Delay Minimum Wage Hike for Healthcare Workers Amid Budget Crisis

California Democrats have agreed to delay a minimum wage increase for 426,000 healthcare workers to address a $46.8 billion budget deficit...

CDK Still Reeling from Cyberattack as Dealers Improvise to be Productive

CDK Global said that it would likely take several days to fix its system after it was hacked last week, urging affected dealerships to use alternative methods to become more productive...

Latest News

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.
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.
Disgruntled Disneyland Visitors File $9.5 Million Lawsuit over Overpriced Dream Key Passes
A lawsuit against Disneyland was recently filed after the attraction sold Dream Key annual passes for $1,400 each between August and October 2021.
FDA Pauses BioNTech's Chinese-Licensed Cancer Drug Trial Over Safety Issues
The FDA has paused BioNTech's breast and lung cancer trial involving licensed treatment from Chinese biotech MediLink Therapeutics Ltd., citing safety concerns.
The Washington Post CEO Will Lewis Urged to Resign Over Resurfaced Unethical Newsgathering Scandal
Will Lewis is urged to step down as CEO of The Washington Post following resurfaced allegations of unethical journalism practices at the London-based Sunday Times.
Tesla Files $1 Billion Lawsuit Against Ex-Supplier Matthews for Sharing Battery Tech Secrets With Competitors
Tesla has filed a lawsuit accusing former supplier Matthews International of stealing and using its electric vehicle battery manufacturing secrets, seeking over $1 billion in damages.
Iceland Proposes Tourism Tax Revision to Manage Overtourism and Preserve Natural Sites
Iceland will revise its tourism tax system and introduce dynamic pricing at popular sites like Geysir to manage overtourism.
China Targets European Pork Imports in Retaliation for EV Tariffs
China has initiated an investigation into EU pork prices following complaints of unfair competition as a possible retaliation as it coincided with the EU's tariffs on Chinese electric vehicles.
Chinese Citizens Banned From Buying Properties in Florida Over Espionage Threat
Florida's new law bans Chinese citizens from purchasing properties without US green cards, with Gov. DeSantis citing "espionage" prevention.
IRS to End Major Loopholes Used by Wealthy People to Avoid Taxes, Adding $50 Billion in Return
The IRS will close a major tax loophole used by wealthy taxpayers to avoid paying taxes, potentially raising over $50 billion in revenue over the next decade.
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