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Business 12 Dec 2013 | 6:59 AM

Key witness against SAC insider trading case finishes testimony

NEW YORK: The government's star witness in its insider trading case against SAC Capital Advisors' Michael Steinberg faced a final day of questioning on Wednesday, as lawyers sparred over whether he was a credible cooperator or a liar.

Business 20 Jun 2014 | 8:51 AM

UBS faces criminal probe for Puerto Rico bond fund sales

NEW YORK: U.S. authorities are probing UBS AG for criminal fraud after a former broker in Puerto Rico allegedly directed clients to improperly borrow money to buy mutual funds that later plunged, according to lawyers representing some of the investors.

Business 21 Jul 2014 | 7:48 AM

RJ Reynolds' US$23bil punitive damage award unlikely to stand

NEW YORK: A decision by a Florida jury to impose punitive damages of US$23.6bil against RJ Reynolds Tobacco Company on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers with expertise in jury awards said on Sunday.

Business 18 Apr 2019 | 12:00 AM

Brexit jobs spur Dublin real estate boom

LONDON: Bankers and lawyers relocating to Dublin while Brexit reshapes London’s financial industry are fueling a property boom that’s got the attention of debt investors.

Business 16 Mar 2019 | 12:00 AM

Don’t let a China trade deal kill the US campaign against Huawei

THE US-led campaign against Huawei Technologies Co, China’s telecom giant, has attracted a lot of attention for the indictment of the company’s chief financial officer, Meng Wanzhou. On Thursday, Huawei’s lawyers pleaded not guilty in a New York federal court to 13 counts of fraud involving an elaborate scheme to violate US sanctions against Iran.

Corporate News 11 Jan 2019 | 10:29 AM

Nissan ex-chief Ghosn seeks bail after indictment on two new charges

TOKYO: Nissan ex-Chairman Carlos Ghosn has requested his release on bail after being indicted in Tokyo on Friday on two new charges, his lawyers said, as the once-feted auto executive awaits a lengthy criminal trial that could be as long as six months away.

Business 05 Nov 2018 | 12:00 AM

Uber’s ties with Saudi Arabia in the spotlight

SAN FRANCISCO: Even as Uber’s lawyers finalised the details of the deal, they still couldn’t quite believe it would really happen. The Saudi Arabian government was set to give the San Francisco-based startup US$3.5bil, an astronomical amount.

Corporate News 25 Jul 2018 | 12:00 AM

WCT can make claims worth RM1bil in dispute with Dubai firm

PETALING JAYA: The path for WCT Holdings Bhd to make claims worth RM1.19bil for its contract dispute with Meydan Group LLC has now been cleared, following the Dubai court’s dismissal of the latter’s civil suit. In a filing with Bursa Malaysia yesterday, WCT said it had been informed by its lawyers that the Dubai Civil Court of Cassation (COC) had dismissed the case.