Courts Financial News

The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies an...

The order came down from George Weiss, hedge-fund pioneer: Sell. Sell it all.

A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for more than a week, according to recent court documents.

Two shipping companies agreed to pay $2 million in penalties after pleading guilty to federal charges related to the dumping of oil in the Atlantic Ocean by a ship bound for New Orleans

Paula Vennells, the ex-British Post Office head, on Wednesday become the one of the most trending persons on the social as she had sobbed after appearing before a public inquiry into the wrongful conviction of hundreds of postmasters. She claimed that the event caused by errors not conspiracy, and if anything she had been «too trusting» of others. The incident has been one of the country’s biggest miscarriages of justice that saw hundreds of branch managers wrongly convicted of theft or fraud because of a faulty computer system, as per report. While Vennells was CEO, a group of postal workers took legal action against the Post Office in 2016. Three years later, the High Court in London ruled that Horizon contained a number of «bugs, errors and defects» and that the Post Office «knew there were serious issues about the reliability» of the system, including that employees at Fujitsu could remotely access the ledgers of branch managers.

Delhi: Prime Minister Narendra Modi on Wednesday tore into the INDIA bloc accusing it of being extremely "communal, casteist and nepotistic" as he alleged that all parties which are the Congress are to be blamed for the anti-Sikh riots. Addressing a rally in Dwarka, he said the BJP's development model is committed to 'nation first' but for the Congress and the INDIA grouping, the only agenda is 'family first'. «The country also understands that if by mistake any vote is cast in favour of INDI alliance, that vote is not going to be of any use to the country. Every vote given to BJP will strengthen the resolve of 'Viksit Bharat'. That is why this huge sea of people is also saying in one voice 'Phir Ek Baar Modi Sarkar',» he said. Attacking the Congress and the INDIA bloc, he said in Delhi, Sikhs were burnt alive.

corruption has taken place as the offender's mind uses new technology to commit offences without leaving behind any trace, the Delhi High Court has held while denying bail to AAP leader Manish Sisodia in the excise policy scam cases. The high court said it cannot accept the argument put forth by Sisodia about non-recovery of cash from him in view of the statements of some hawala dealers and other witnesses recorded during the investigation. Justice Swarana Kanta Sharma dismissed the bail pleas filed by the former Delhi deputy chief minister in the corruption and money laundering cases lodged by the CBI and ED, respectively, in connection with the alleged liquor scam. While the two petitions were dismissed on Tuesday, the detailed order was uploaded on the high court's website on Wednesday.

Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labour costs and a disastrous unlimited shrimp promotion.

In this article

filed the lawsuit to prevent Telsa Power from using the "Tesla" trademark. It argued that Tesla Power's use of the trademark in India was causing confusion among consumers and potentially harming its business interests. It claimed Tesla Power not only had a similar trademark but also advertised itself as an EV company in newspapers.

₹450 crore from its former promoter Kalanithi Maran, and his firm, KAL Airways, the company said on Wednesday. This follows a Delhi high court order on 17 May that overturned an earlier judgment upholding an arbitral award in Maran's favor. SpiceJet said it will seek the return of ₹450 crores out of the ₹730 crores it paid to KAL Airways and Maran.

Hemant Soren, which challenged his arrest by Enforcement Directorate (ED) in connection with money laundering case. The plea seeking interim release was dismissed by the vacation bench of Justices Dipankar Datta and Satish Chandra Sharma, denying relief to Soren. Further, the apex court also pulled up Soren for “suppressing facts" from it that he had filed bail plea before trial court, following which he withdrew his petition, as per a PTI report.

Uniswap Labs filed a 40-page response on Tuesday to the SEC’s Wells Notice, arguing against a potential lawsuit and urging the agency to drop the matter.

A federal appeals court says a North Carolina regulatory board didn’t violate a drone pilot’s constitutional rights when it told him to stop advertising and offering aerial map services because he lacked a surveyor's license

Hong Kong’s leader says his government will keep monitoring for any non-compliance with a court order that bans a popular protest song

Hawaii's attorney general says a court has ordered the manufacturers and distributors of the blood thinner Plavix to pay the state a combined $916 million after finding the companies failed to disclose the efficacy and safety of the medication

A London judge says Prince Harry can't expand his privacy lawsuit against The Sun tabloid's publisher to include allegations that Rupert Murdoch and some other executives were part of an effort to conceal and destroy evidence of unlawful information ga...

This compounds the problems for the company that was once valued at $22 billion and has been reeling under several legal cases filed against it by its key global investors, vendors and bondholders. A company spokesperson did not immediately respond to queries from Mint. The ruling comes after a year-long legal battle between Think & Learn, the parent company of Byju’s and the group of bondholders holding term loan B bonds.

Pune police, who had requested the court to treat him as an adult. However, the court rejected the request and granted bail under the Juvenile Justice Act, imposing conditions along with the bail. The speeding Porsche Taycan, driven by the juvenile, crashed into the motorcyclists from behind, causing their deaths on the spot. The police booked the minor for rash and negligent driving, endangering life, and causing harm under IPC Sections 304A, 279, 337, 338, 427, and relevant sections of the Maharashtra Motor Vehicle Act at Pune City's Yerwada Police Station. Teen Spent Rs 48,000 at pub before crash

encouraging sign for the re-establishment of democratic processes there. Voter turnout across the Union territory was higher than in previous elections, hitting levels unseen for decades in some constituencies. Polling data is an unreliable guide to the local politics of any place.

Top Events on May 22: India is set to witness various political, legal, technological, and sports events today, May 22, Wednesday. PM Modi will hold a Lok Sabha election rally in Delhi, while the weather office has issued heatwave alert till May 22. Take a look at top events of the day below, - Prime Minister Narendra Modi will address a public rally in West Delhi's Dwarka constituency to support the Bharatiya Janata Party (BJP) in the Lok Sabha elections on Wednesday.