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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.
WASHINGTON: Boeing Co will pay the families of 346 people killed in two fatal 737 MAX crashes US$144,500 (116,251 pounds) each from a $50 million financial assistance fund announced in July, the fund's administrators said on Monday.
DUBLIN: The Irish High Court has rejected Ryanair’s attempt to prevent operations chief Peter Bellew (pic) from joining rival easyJet until 2021, saying a 12-month non-compete clause was unenforceable.
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.
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.
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.
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.
SAO PAULO: Bankers and lawyers expect the pipeline of big deals in Brazil to shrink in coming months as financial and strategic acquirers avoid taking risks due to market volatility during a presidential campaign and doubts about the economy’s recovery.