Latest Corporate legal affairs News

New York AG says Trump's company misled banks, tax officials

Jan. 19, 2022 01:54 AM EST

NEW YORK (AP) — The New York attorney general’s office late Tuesday told a court its investigators had uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” asset valuations to get loans and tax benefits. The court filing said state...

New York investigators tell court Trump's company used "fraudulent or misleading" documents to get loans, tax breaks

Jan. 19, 2022 01:14 AM EST
NEW YORK (AP) — New York investigators tell court Trump's company used "fraudulent or misleading" documents to get loans, tax breaks.

Microsoft buys game maker Activision Blizzard for about $70B

Jan. 18, 2022 19:23 PM EST

Microsoft is paying the enormous sum of nearly $70 billion for Activision Blizzard, the maker of Candy Crush and Call of Duty, a deal that would immediately make it a larger video-game company than Nintendo while raising questions about the deal’s possible anti-competitive effects. ...

New York mobile sports bets likely pass New Jersey for No. 1

Jan. 18, 2022 15:26 PM EST

ATLANTIC CITY, N.J. (AP) — New York likely surpassed New Jersey for the top spot in the U.S. sports betting market during the first two weekends that mobile bets were offered, according to a company that most of the legal U.S. sports betting industry uses to verify that its customers are where...

US regulators aiming at illegal and anticompetitive mergers

Jan. 18, 2022 15:24 PM EST

WASHINGTON (AP) — U.S. competition regulators have mounted an effort to tighten enforcement against illegal mergers, in line with President Joe Biden’s mandate for greater scrutiny to big business combinations. The Justice Department and the Federal Trade Commission announced...

Freed Missouri inmate sues over medical care in prison

Jan. 18, 2022 13:23 PM EST

KANSAS CITY, Mo. (AP) — A Kansas City man released from prison after serving more than 40 years for a wrongful conviction is suing the company that provides medical care for Missouri prison inmates. Kevin Strickland alleges in his lawsuit that medical care provided by Corizon LLC...

Tornado victim's family sues Amazon over warehouse collapse

Jan. 17, 2022 18:52 PM EST

SPRINGFIELD, Ill. (AP) — The family of a delivery driver who died last month when a tornado collapsed the central Illinois Amazon facility where he worked filed a wrongful death lawsuit Monday in Madison County. The action on behalf of Austin McEwen, 26, claims that Amazon failed...

Credit Suisse chairman resigns after internal investigation

Jan. 17, 2022 10:43 AM EST

GENEVA (AP) — Credit Suisse said Monday that its chairman has resigned following an internal investigation that reportedly found he violated quarantine rules intended to fight the COVID-19 pandemic. The resignation of Antonio Horta-Osorio, a British-Portuguese national who took...

Nebraska men sentenced for company's safety violations

Jan. 14, 2022 19:02 PM EST

OMAHA, Neb. (AP) — An Omaha company and two of its owners were sentenced Friday to federal prison for knowingly violating worker safety standards, leading to an explosion that killed two workers. Nebraska Railcar Cleaning Services; Steven Michael Braithwaite, president and owner...

Lawsuit: Google, Facebook CEOs colluded in online ad sales

Jan. 14, 2022 16:41 PM EST

Newly unredacted documents from a state-led antitrust lawsuit against Google accuse the search giant of colluding with rival Facebook to manipulate online advertising sales. The CEOs of both companies were aware of the deal and signed off on it, the lawsuit alleges. The original,...