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Business

Khazanah confirms receiving summons, claim from Halim’s lawyers

PETALING JAYA: Khazanah Nasional Bhd has confirmed that Tan Sri Halim Saad was indeed suing it, confirming a StarBiz report earlier.

Business

Lawyers see wave of US municipal filings on cities' shortfalls

Sun-splashed San Diego likes to call itself America's Finest City.'' But a huge pension shortfall and the possibility of a bankruptcy filing are making it hard for California's second-largest city to live up to its motto

Business

Madoff trustee seeks US$7bil from philanthropist

NEW YORK: A trustee recovering Bernard Madoff's assets for jilted investors has labeled a Florida philanthropist as the biggest beneficiary of Madoff's multibillion-dollar fraud and demanded he return more than US$7 billion in bogus profits, his lawyers say.

Business

NY woman blames inside trades on affair with boss(update)

NEW YORK (AP) - Lawyers for a woman who was blamed by a New York City insider trading trial co-defendant for using pillow talk to get inside secrets are pointing the finger at her boss, saying he bullied her during a 20-year affair to make her get illegal secrets for him.

Business

Zuckerberg's post-IPO wedding is smart legal move

SAN FRANCISCO (Reuters) - Getting married was a smart business move as well as a personal milestone for Facebook chief Mark Zuckerberg, with the timing of the wedding, the day after the company's initial public offering, potentially proving particularly advantageous, California divorce lawyers said on Sunday.

Business

Huawei CFO to seek extradition stay citing Trump comments

VANCOUVER/NEW YORK: Huawei's chief financial officer intends to seek a stay on extradition proceedings in part based on statements by President Donald Trump about the case, which her lawyers say disqualifies the United States from pursuing the matter in Canada.

Corporate News

Vietnam tycoon held enroute to Malaysia fears for well-being

SINGAPORE: A Vietnamese tycoon detained in Singapore has concerns for his well-being because of "internal politics" in his home country, where he says he served as a senior intelligence officer, one of his lawyers told Reuters on Wednesday.