Courts Financial News

Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023 in Ohio

Venezuela’s government says the country’s former oil minister has been arrested on allegations of corruption

European Union Court of Justice ruled on Wednesday to remove Russian billionaires Mikhail Fridman and Petr Aven from a list of individuals facing European Union sanctions after Russia's attack on Ukraine in 2022. «The General Court considers that none of the reasons set out in the initial acts is sufficiently substantiated and that the inclusion of Mr Aven and Mr Fridman on the lists at issue was therefore not justified,» the Luxembourg-based court said in a statement.

Supreme Court on Wednesday stayed the proceedings before a special court in a money laundering case against 'lottery king' Santiago Martin. A bench of Justices Abhay S Oka and Ujjal Bhuyan issued notice on a plea by Martin challenging the March 16 order of a special PMLA court in Kerala's Ernakulam dismissing his petition for keeping in abeyance the trial in the money laundering case registered by the Enforcement Directorate (ED). Senior advocate Aditya Sondhi and advocate Rohini Musa, who appeared for Martin, said that the special court ought to have considered that the trial in the Prevention of Money Laundering Act (PMLA) case can commence only after the conclusion of the trial in the predicate case. On March 16, the special court dismissed Martin's application seeking to keep in abeyance the trial in the ED case till the conclusion of trial in the predicate offence, a Central Bureau of Investigation (CBI) case related to an alleged lottery scam.

Supreme Court on Wednesday pulls up the Uttarakhand government for not taking action against Patanjali Ayurved for violation of the law. As reported by ANI, “Supreme Court tells Uttarakhand government that it is not going to let it free.

Supreme Court raps Uttarakhand govt for not taking action against Patanjali The top court also lashed out at Uttarakhand State Licensing Authority for not taking action against Patanjali Ayurved. The hearing in the matter is underway.

Aam Aadmi Party (AAP)'s candidate Shelly Oberoi was unanimously elected as mayor after BJP candidate Shikha Rai withdrew her nomination. AAP's Aaley Mohammad Iqbal also got another term as deputy mayor after BJP candidate Soni Pal withdrew her nomination.

Musk is under investigation in Brazil after he accused a Supreme Court judge of censoring social networks, calling him a «dictator» and vowing to disobey rulings blocking users found to be spreading disinformation. Here are five things to know about the billionaire's beef with powerful, polarizing Justice Alexandre de Moraes.

Aam Aadmi Party (AAP) globally have observed a day of protest and fasting in solidarity with party chief and Delhi Chief Minister Arvind Kejriwal, who was arrested by the Enforcement Directorate in an alleged money laundering case. Kejriwal was arrested by the ED on March 21, hours after the high court refused to grant him protection from coercive action by the federal anti-money laundering agency. He is currently lodged in Delhi's Tihar jail. AAP volunteers in the US, Canada, the United Kingdom, Ireland, and Australia gathered in front of Indian embassies and popular locations on Monday to protest Kejriwal's arrest and call for his immediate release, a media release said. «Arvind Kejriwal is a symbol of hope for millions of Indians who are fighting for a more just and equitable society,» said AAP member Jeswanth Reddy from Los Angeles. «His arrest is an attack on democracy and the right to dissent. We will not be silenced.»

Dilip Ghosh believes that under the TMC regime, West Bengal is sitting on a ticking time bomb and security and central agencies need to conduct «surgical strikes» to curb anti-national activities in the bordering state. In an interview with PTI, Ghosh expressed concern over a deep-rooted nexus of financial scams and terror modules in the state and predicted heightened activities by central agencies after the elections are over. «West Bengal, a bordering state, has witnessed not only a deteriorating law and order situation but also incidents detrimental to national security. Uncovering of bomb-making factories and terror modules indicate that Bengal has become a haven for infiltrators and anti-national elements,» he said. Asserting that a significant demographic shift in border areas due to TMC's alleged politics of appeasement, Ghosh claimed that national security is at stake under the Trinamool regime, since the ruling party lacks control over the state's affairs.

The Heritage Foundation's Kara Frederick weighs in on Brazil's Supreme Court ordering Elon Musk to remove several accounts on X, formerly Twitter, on 'The Bottom Line.'

ANI reported that Advocate Rishikesh Kumar, counsel for Delhi CM said that the order is amenable for a challenge in the Supreme Court and they are within their rights to challenge it. As reported by ANI, Kumar, said, “We have challenged the illegal arrest of Arvind Kejriwal. The High Court in its finding has said that the remand order is legal and secondly, they said that they had the ground to arrest.

Air India Ltd. is mounting with aircraft technicians planning a strike later this month after its pilots voiced concerns last week about being overworked and underpaid. Technicians at AI Engineering Services Ltd. — a state-run maintenance, repair and overhaul firm and an erstwhile Air India unit — will strike on April 23 due to various issues affecting their “well-being” and “professional growth,” All India Aircraft Maintenance Engineering Union wrote in a letter dated April 8 to the chief executive officer. A representative for Air India said the situation is being monitored closely.

Germany strongly denied allegations that it was supporting genocide in Gaza by providing Israel with arms, Al Jazeera reported. The International Court of Justice (ICJ) was informed on Tuesday by Tania von Uslar-Gleichen, the legal adviser for the German Foreign Ministry, that Nicaragua's lawsuit was hurried and based on thin evidence, and that it ought to be dismissed for lack of jurisdiction.

The Arizona Supreme Court ruled 4-2 in favor of an anti-abortion obstetrician and a county prosecutor who pressed to implement the Civil War-era statute after the Democratic attorney general of the key presidential battleground state declined to do so.

Axis Bank, Paytm, ABFRL, ICICI Pru Life, Shivalik Rasayan Axis Bank Private equity major Bain Capital exited Axis Bank after selling the remaining 1% stake in the lender through the open market for Rs 3,574 crore.

Trinamool Congress (TMC) General Secretary Abhishek Banerjee alleged that a BJP member conducted a meeting with NIA officials and a BJP guy went to «NIA officer's house and handed over a packet to him hinting of some understanding between the BJP and NIA». Abhishek Banerjee said, «We will definitely go (to the Supreme Court). We want to tell those who are in favour of NIA and saying that no meeting took place, that the BJP guy who had gone to the NIA officer's house had a packet in his hand and when he left, he did not have the packet in hand. We will also give high-quality footage of this to the Supreme Court. Whatever he has to say, he can say it in the court.» He said that BJP is frightened that it cannot defeat the opposition in the polls so it is resorting to unfair means to win the elections.

Former Ethereum advisor Steven Nerayoff is suing the U.S. government for $9.6 billion over personal damages caused by false charges brought against him and its alleged cover-up of federal agents’ failings in the case against him, according to a Tuesday court filing.

Arvind Kejriwal's petition challenging his arrest by Enforcement Directorate, BJP said that Kejriwal wanted different treatment for himself as 'Khas Aadmi'. «For the so-called Aam Aadmi chief minister, the court has clearly said that the law cannot be different for the common man and the AAP chief minister. The 'Aam Aadmi' cap has been pulled off as Kejriwal wanted the treatment of a 'Khas Aadmi',» BJP national spokesperson Sudhanshu Trivedi told media persons in Delhi. Trivedi further said that Kejriwal's 'arrogance' was shattered when faced with 'sharp-edged facts'. Leader of Opposition in Delhi assembly, Ramvir Singh Bidhuri, demanded Delhi chief minister's resignation. «Kejriwal should now give up his insistence on running the government from jail and immediately resign from the chief minister's post. If Kejriwal and his party remain adamant, then the President will be left with no other option but to dismiss the government,» he said in a statement.

PTI report citing a police officer. ALSO READ: Calcutta HC rebukes Mamata Banerjee government over Sandeshkhali allegations “Saha has grievous injuries in his head and his condition is very critical at the moment," PTI quoted the police officer as saying. Two other cops, present in the camp, were also beaten up but their injuries were not serious, according to the report.

₹2,500 crore, allegedly due to actions of its promoters and directors. The lawsuit targets members of the Jindal Polyfilms promoter family — Shyam Sunder Jindal, Subhadra Jindal, and Bhavesh Jindal —as well as certain company directors and officials. Directors named in the lawsuit include Sonal Agarwal, Sanjeev Aggarwal, Rathi Binod Pal, Sanjeev Saxena, Devinder Kumar Rithaliya, and Vijender Kumar Singhal.