Latest Corporate legal affairs News

FILE - In a Wednesday, April 26, 2017 file photo, Braidy Industries Inc. CEO Craig Bouchard, right, and Republican Gov. Matt Bevin speak with reporters in Wurtland, Ky. Bouchard claims the defendants breached their obligations under a company voting agreement after refusing his efforts to remove four executives from Braidy's board. Bouchard was removed as CEO in a management shakeup in January 2020. He filed suit on Friday, Feb. 14, in Delaware. (AP Photo/Adam Beam, File)

Former CEO sues Braidy Industries over his ouster

Feb. 18, 2020 8:19 PM EST

FRANKFORT, Ky. (AP) — The founder of an aluminum company planning to build a $1.7 billion plant in Appalachia has sued Braidy Industries Inc. and several of its stockholders in fighting back against his ouster as CEO. In his lawsuit, Craig Bouchard claims several defendants breached their obligations under...

Baylor probe clears ex-chairman of racist, sexist comments

Feb. 18, 2020 4:31 PM EST

WACO, Texas (AP) — Law firm investigators hired by Baylor University concluded the former chairman of the university's board of regents did not make racist, lewd and anti-Semitic comments during a 2014 meeting in Mexico. The allegations against Richard Willis surfaced in late 2018 in federal court filings...

Energy company agrees to pay $2.6M for refinery violations

Feb. 18, 2020 12:38 PM EST

OREGON, Ohio (AP) — An oil and gas company has agreed to pay $2.6 million in fines for air pollution violations at a refinery in Ohio, according to court documents. Federal agencies found longstanding pollution and record-keeping violations at the BP-Husky refinery in Oregon, according to a Jan. 29...

FILE - In this Tuesday, July 24, 2018 file photo, Russian opposition figure Mikhail Khodorkovsky, the former owner of the Yukos Oil Company, poses for a photograph after being interviewed by The Associated Press in London. A Dutch appeals court on Tuesday Feb. 18, 2020, reinstated an international arbitration panel’s order to Russia to pay $50 billion compensation to shareholders in former Russian oil giant Yukos. (AP Photo/Matt Dunham, File)

Court reinstates order for Russia to pay $50 bln over Yukos

Feb. 18, 2020 5:31 AM EST

THE HAGUE, Netherlands (AP) — In a major legal defeat for the Russian government, a Dutch appeals court on Tuesday reinstated an international arbitration panel’s order that it should pay $50 billion compensation to shareholders in former oil company Yukos. The ruling overturned a 2016 decision by...

FILE - In this Sept. 1, 2017, file photo, smoke rises from the Arkema Inc. owned chemical plant in Crosby, near Houston, Texas. In February 2020, the Pennsylvania-based company, which is a subsidiary of a French chemical manufacturer, and three of its executives are set to stand trial in Houston in a case that legal experts say will be a challenge for prosecutors to win. (KTRK via AP, File)

Trial to begin over Arkema chemical plant fire during Harvey

Feb. 17, 2020 1:25 PM EST

HOUSTON (AP) — Hurricane Harvey’s historic flooding in 2017 overwhelmed power systems at Arkema Inc.’s chemical plant in suburban Houston, eventually causing organic peroxides made at the facility to catch fire and explode, sending noxious black smoke into the air. The blaze forced the...

Woman accused of stealing more than $74,000 from employer

Feb. 17, 2020 8:56 AM EST

MARYLAND HEIGHTS, Mo. (AP) — A St. Louis woman has been accused of stealing more than $74,000 from her company while working in its accounts payable department. The St. Louis Post-Dispatch reported that Donna Brooks, 59, is charged with felony stealing. It's not clear whether she has an attorney. She...

Suit filed over Margaritaville Amusement Park construction

Feb. 15, 2020 11:28 AM EST

GULFPORT, Miss. (AP) — A contractor is threatening to stop work on Margaritaville Amusement Park in south Mississippi over what it says are $5 million in unpaid construction bills. The Tindall Corp., a South Carolina family business with a division in Moss Point, Mississippi, has filed a lawsuit in U.S....

FILE - This undated photo provided by Robert Brown Public Relations shows Greg Lindberg. Lindberg, and two associates, accused of fraud conspiracy and bribery counts related to an alleged scheme of giving up to $2 million in campaign money to help Insurance Commissioner Mike Causey in exchange for Causey pushing aside a senior deputy, go on trial next week. (Robert Brown Public Relations/Greg Lindberg via AP, File)

Political corruption trial of big N Carolina donor to start

Feb. 15, 2020 10:26 AM EST

RALEIGH, N.C. (AP) — An insurance company magnate and two associates go on trial this week on charges they conspired to bribe an elected North Carolina regulator with up to $2 million in campaign money so scrutiny of his businesses would ease. U.S. District Judge Max Cogburn will preside over the case...

FILE - In this Sept. 9, 2019, file photo, a Moran tugboat nears the stern of the capsizing vessel Golden Ray near St. Simons Sound off the coast of Georgia. The salvage team salvage team is seeking a federal permit to surround the shipwreck with a giant mesh barrier to contain any debris when they cut the ship apart. (AP Photo/Stephen B. Morton, File)

Salvage firm asks US judge to halt removal of capsized ship

Feb. 14, 2020 6:59 PM EST

SAVANNAH, Ga. (AP) — A maritime salvage company is asking a federal judge to stop the Coast Guard and a rival firm from carrying out their plans to remove a cargo ship that overturned five months ago on the Georgia coast. The multiagency team overseeing removal of the South Korean freighter Golden Ray...

Former Michigan State gymnastics coach Kathie Klages testifies, Friday, Feb. 14, 2020, in Lansing, Mich., during her trial where she faces two counts of lying to police. A jury on Friday found Klages guilty of lying to police when she denied that two teen athletes told her of sexual abuse by sports doctor Larry Nassar in 1997, nearly 20 years before he was charged.  She faces up to four years in prison. (Matthew Dae Smith/Lansing State Journal via AP)

How the Larry Nassar scandal has affected others

Feb. 14, 2020 6:39 PM EST

A former Michigan State University gymnastics coach was convicted Friday on charges that she lied to police when she denied that two teen athletes told her of sexual abuse by sports doctor Larry Nassar in 1997. It's the latest fallout from the scandal that has rocked the school. Kathie Klages, 65, was found...