Search Results for: shareholders

Human Rights Watch (HRW) reported on Monday that the construction of a planned oil pipeline project in Uganda has devastated the lives of thousands of people, with farmers’ land being acquired through pressure and “inadequate” compensation. The East Africa Crude Oil Pipeline, the fossil fuel project that is currently under construction, will link western Uganda [...]

An Ohio federal court sentenced former Ohio Republican Speaker of the House Larry Householder on Thursday to 20 years in prison for leading a complex racketeering and bribery scheme. Householder allegedly accepted over $60 million in bribes through the scheme by working to pass a nuclear plant bailout. Matt Borges, former Ohio Republican Party Chair, [...]

Thailand’s Election Commission is investigating Prime Ministerial frontrunner Pita Limjaroenrat over his alleged ownership of media company shares, AFP reported Monday. The commission will investigate whether Pita held media company shares while standing as a Thai House of Representatives candidate, which is against the law. Pita has downplayed the problem, claiming that the company, ITV, [...]

UK Prime Minister Rishi Sunak Monday was declared to be under investigation by the parliamentary commissioner for standards based on allegations of breaching member of Parliament (MP) rules. Sunak allegedly failed to be “open and frank” in declaring his interest in the childcare agency, Koru Kids, in which his wife, Akshata Murty, is a shareholder. [...]

Law students from the European Union are reporting for JURIST on law-related events in and affecting the European Union and its member states. Ciara Dinneny is JURIST’s Chief European Correspondent and a trainee with the Law Society of Ireland. She files this dispatch from Dublin.    Rival Swiss bank UBS bought Credit Suisse bank late [...]

Indian law students are reporting for JURIST on law-related developments in and affecting India. Here Apoorv Vats, a second-year student at NALSAR University of Law, files from Hyderabad. India’s Supreme Court Friday turned down the names proposed by the Union government in a sealed cover for the constitution of a panel to strengthen regulatory measures and [...]

In 2014, Florida’s Fourth District Court of Appeal in Sargeant v. Al-Saleh held that a trial court does not have authority to order a debtor to turn over stock certificates located abroad in order to satisfy a judgment under Fla. Stat. § 56.29(6), which reads as follows: The court may order any property of the [...]

Why was the cryptocurrency exchange FTX valued at $32 billion before it filed for bankruptcy? Many of the world’s most sophisticated investors believed it was worth that much and invested billions based on that valuation. They failed to detect the company’s massive misconduct and their investments were completely wiped out over the course of a [...]

The US Department of Labor (DOL) Tuesday announced a final rule that allows Employee Retirement Income Security Act (ERISA) plan fiduciaries to consider climate change and other social and governance factors when they select retirement investments and exercise shareholder rights. The final rule is “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.” In response [...]

Australian law firm Maurice Blackburn Lawyers filed a class action for shareholders of the Star Entertainment Group (Star Casino). The class action alleges Star Casino engaged in misleading and deceptive condition, breached casino disclosure obligations and acted contrary to the interests of shareholders from March 2016 through March 2022. Maurice Blackburn Lawyers stated, “The proceeding [...]