legal

Citigroup and Deutsche Bank face 'criminal cartel' charges

Citigroup and Deutsche Bank face 'criminal cartel' charges

Citigroup Inc (NYSE: C), Deutsche Bank AG (NYSE: DB) and the Australian bank, ANZ are currently facing criminal charges in Australia resulting in an investigation into their responsibility in the sale of shares in one of the country’s top bank..

Nikola Motors sues Tesla for $2 billion for alleged patent infringement

Nikola Motors sues Tesla for $2 billion for alleged patent infringement

Nikola Motor Co. filed a lawsuit on Tuesday against Tesla Inc. (NASDAQ: TSLA) alleging design patent infringements. Nikola is seeking approximately $2 billion in damages.Nikola said in court filings that Tesla’s electric Semi is “substan..

Insys co-founder Arrested on alleged Nationwide Opioid Scheme

Insys co-founder Arrested on alleged Nationwide Opioid Scheme

Co-Founder of Insys Therapeutics Inc. (NASDAQ: INSY) was arrested on Thursday by federal agents and charged with bribery, racketeering, and fraud to cause the illegal distribution of Fentanyl.John Kapoor was taken into custody in Phoenix, Arizona. K..

JP Morgan CEO Bats for Republican Tax Reform Proposal

JP Morgan CEO Bats for Republican Tax Reform Proposal

The Republicans have had quite a bit of an uphill struggle to get their tax reform plan approved; the main issue has been that even many of their own party members have remained skeptical about the reforms proposals. President Trump has, in fact, be..

Uber CEO Apologizes to London; Working on improvements

Uber CEO Apologizes to London; Working on improvements

Last Friday, Uber Technologies Inc. was stripped of its license to operate in the city of London due to the officials deeming the ride hailing service unsafe as well as practicing unregulated business activity. Uber said it would appeal the decision..

Tahoe Resources Shares Spike After Court Ruling

Tahoe Resources Shares Spike After Court Ruling

Tahoe Resources Inc (NYSE: TAHO) reported Monday that the Guatemalan Supreme Court issued a decision that reinstates the Escobal mining license of Tahoe’s Guatemalan subsidiary, Minera San Rafael (“MSR”). This decision reverses the..

Federal Reserve’s New Rule to Help Unwind Big Banks

Federal Reserve’s New Rule to Help Unwind Big Banks

On Friday, The Federal Reserve finalized a new rule that would make it easier to unwind important U.S. banks by creating a safe harbor for financial contracts after a firm defaults. This decision was unanimously approved by Federal board members and..