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Corporate News 29 Jun 2020 | 7:00 AM

Unicorn Casper accused of misleading investors in IPO

NEW YORK: Casper Sleep Inc duped investors into pouring US$100mil into its initial public offering (IPO), knowing its financial prospects were far dimmer than it promised, according to a lawsuit seeking class action status.

Business 18 Jul 2019 | 12:59 AM

Jho Low's gutted Hollywood Hills mansion lists at US$15m loss

LOS ANGELES: Way back in November 2012, as the global economy gingerly emerged from a long recession, an enormous Hollywood Hills estate sold for US$39 million. That unprecedented sale price shocked all real estate observers and sparked an avalanche of gold-digging developers to build and market their own "trophy" modern mansions in the hills.