Lawsuit

Bill Ackman’s SPAC Hit With Lawsuit
Risk & Compliance

Bill Ackman’s SPAC Hit With Lawsuit

The case contends that Ackman’s Pershing Square Capital Management is actually an investment company and should be regulated as such.
By Matthew Heller | August 18, 2021
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Florida Sues to Lift Ban on U.S. Cruise Sailings
Risk & Compliance

Florida Sues to Lift Ban on U.S. Cruise Sailings

“We don’t believe the federal government has the right to mothball a major industry for over a year, based on very little evidence and very little data."
By Matthew Heller | April 9, 2021
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Tech Groups Sue Maryland Over Online Ad Tax
Tax

Tech Groups Sue Maryland Over Online Ad Tax

The tax on the revenue from digital advertising services provided in Maryland is an "extraordinarily severe form of exaction," the suit says.
By Matthew Heller | February 19, 2021
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NRA Files Chapter 11 Amid Legal Battle With NY
Credit & Capital

NRA Files Chapter 11 Amid Legal Battle With NY

Legal experts said the gun-rights group was likely maneuvering to thwart a suit in which New York State accuses its leaders of fraud.
By Matthew Heller | January 19, 2021
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Cisco Sued for Discrimination Based on Caste
Risk & Compliance

Cisco Sued for Discrimination Based on Caste

The state of California alleges two Cisco managers harassed a fellow Indian-American employee because he comes from India's lowest caste.
By Matthew Heller | July 2, 2020
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DoorDash Sued for Flouting Gig-Worker Law
Risk & Compliance

DoorDash Sued for Flouting Gig-Worker Law

The California lawsuit contends that the delivery company willingly misclassified employees to reduce business costs.
By Lauren Muskett | June 17, 2020
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CMX Files Chapter 11 Amid Theater Shutdowns
Credit & Capital

CMX Files Chapter 11 Amid Theater Shutdowns

The bankruptcy filing came shortly before a hearing in a suit seeking a court order that would compel CMX to close its acquisition of Star Cinema Grill.
By Matthew Heller | April 28, 2020
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Proxy Adviser Sues SEC Over New Guidance
Risk & Compliance

Proxy Adviser Sues SEC Over New Guidance

Institutional Shareholder Services says its lawsuit is necessary to litigation to be necessary to "prevent the chill of proxy advisers’ protected speech."
By Matthew Heller | November 1, 2019
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Judge Sides With United in Expedia Contract Case
Risk & Compliance

Judge Sides With United in Expedia Contract Case

Expedia failed in its bid to maintain access to data for United flights scheduled after the companies' ticketing agreement expires.
By Matthew Heller | April 8, 2019
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Huawei CFO Alleges Illegal Detention in Canada
Risk & Compliance

Huawei CFO Alleges Illegal Detention in Canada

Legal experts say Meng Wanzhou's suit could be a play to influence the proceedings to extradite her from Canada to face criminal charges in the U.S.
By Matthew Heller | March 4, 2019
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Icahn Seeks Records on Dell, VMware Stock Deal
Risk & Compliance

Icahn Seeks Records on Dell, VMware Stock Deal

The activist investor says Dell has refused to disclose "much basic information" about its plan to go public by buying back the VMware tracking stock.
By Matthew Heller | November 1, 2018
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New York A.G. Sues Exxon Over Misstating Climate Risks
Risk Management

New York A.G. Sues Exxon Over Misstating Climate Risks

The suit alleges the oil giant did not adequately address the costs of climate regulations.
By William Sprouse | October 25, 2018
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Utility Says Wipro ‘Botched’ Software Upgrade
Technology

Utility Says Wipro ‘Botched’ Software Upgrade

National Grid alleges in a lawsuit that Wipro's work was “marred by significant performance failures through every project phase.”
By Matthew Heller | December 4, 2017
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Bank Can’t Dodge Suit Over Mt. Gox Collapse
Corporate Finance

Bank Can’t Dodge Suit Over Mt. Gox Collapse

Mizuho Bank provided banking services for bitcoin exchange Mt. Gox and handled all deposits for U.S. customers.
By Matthew Heller | March 15, 2016
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JPMorgan to Pay Insurer $995M in MBS Case
Risk Management

JPMorgan to Pay Insurer $995M in MBS Case

The settlement “validates our resolve and reinforces our confidence in our remaining RMBS-related cases," said Ambac's CEO.
By Matthew Heller | January 26, 2016
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