Courts Financial News

Yesterday (27 March), shareholders of API voted against a proposed merger of the two property focused portfolios, despite support from both boards for the deal. Votes at the annual general meeting and court meeting for API failed to clear the 75% threshold needed to approve the resolution, triggering a controlled wind-down of API, which the board had previously stated would be the next step if the merger was not approved. abrdn Property Income to enter managed wind-down after Custodian merger vote fails Overall, 98% of CREI's shareholders had voted in favour of the deal and chair D...

The owner and manager of a cargo ship that rammed into Baltimore’s Francis Scott Key Bridge before it collapsed are seeking to limit their legal liability for the deadly disaster

Two managers of a Saudi oil exploration company were going on trial Monday in Switzerland for alleged fraud and money laundering over a scandal years ago linked to a Malaysian sovereign wealth fund that the U.S. Justice Department once described as the...

Google has agreed to purge billions of records containing personal information collected from more than 136 million people in the U.S. surfing the internet through its Chrome web browser

Alex Murdaugh has been sentenced to 40 years in federal prison for stealing from clients and his law firm

Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and sever...

Officials say the U.S. Coast Guard has opened a temporary alternate channel for vessels clearing debris at the site of the fallen Francis Scott Key Bridge in Baltimore

'Join BJP or else': What Arvind Kejriwal confidante Atishi claims before media ‘How Prime Ministers Decide’ delves into the strategies Indira Gandhi crafted to regain power in 1980 after a significant defeat post the Emergency period; Rajiv Gandhi's decision to undo the Supreme Court’s judgment in the Shah Bano case; how VP Singh saved his government by implementing the Mandal Commission Report; the Babri Masjid demolition during PV Narasimha Rao’s tenure; and more. As per the rules, Arvind Kejriwal has given a list of six people whom he would like to meet.

Voter Verified Paper Audit Trail (VVPAT) paper slips in elections. In the existing practice, only five randomly selected EVMs in each assembly segment of a Lok Sabha seat are verified through counting of Voter Verified Paper Audit Trail (VVPAT) paper slips. The Congress party hailed the notice as an “important first step" and said the matter should be decided before the Lok Sabha elections 2024 begin.

Delhi liquor policy case. A bench of Justices Sanjiv Khanna, Dipankar Datta and P B Varale ordered the release of Sanjay Singh, who has been in jail for six months. The Enforcement Directorate said it has no objection if the AAP leader Sanjay Singh is given bail in the case.

Supreme Court on Tuesday granted jailed Aam Aadmi Party leader Sanjay Singh a bail during the pendency of a trial after the Enforcement Directorate said it had no objections. He was in custody amid ongoing money laundering probe in the Delhi excise policy scam case. A bench of Justice Sanjiv Khanna, Justice Dipankar Datta and Justice P B Varale remarked earlier that he has spent six months in jail. «Singh spent six months in jail.

Jennifer Lopez and Ben Affleck have acquired a lavish mansion in Los Angeles previously owned by Isha Ambani, daughter of Indian business magnate Mukesh Ambani. The mansion, situated in the affluent Beverly Hills area, was reportedly sold to Lopez and Affleck for a staggering sum of $61 million (approximately INR 494 crores).

AAP) leader and Delhi minister Atishi on Tuesday claimed that the Enforcement Directorate (ED) will soon be issuing summon to top party leaders including Raghav Chadha, Saurabh Bhardwaj and Durgesh Pathak, ahead of the Lok Sabha elections. The minister also claimed that her house will be raided by the authorities in the coming days. Furthermore, the AAP leader claimed that a person close to her advised the Delhi minister to join BJP. If not, she should be prepared to be arrested by ED within a month, Atishi said quoting the person, in a press conference.

Disney’s contentious proxy battle is in the homestretch. After several years of share price underperformance at the entertainment giant, at least three activist shareholders have launched proxy campaigns, with some hoping to get their own candidates elected on Disney’s board. Investors have begun casting votes ahead of Disney’s April 3 annual meeting.

Patanjali featuring Ramdev's face were in direct contravention of the company's past undertaking to refrain from such advertisements. The order, as quoted by HT, stated, “Having gone through the advertisements issued by respondent Patanjali, in teeth of the undertaking given to this court and noticing the said advertisement by Acharya Ramdev, it is deemed appropriate to showcause why contempt proceedings not be initiated against him under the Rules to Regulate Proceedings for Contempt of the Supreme Court, 1975. He has also violated provisions of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954." Section 3 of this act prohibits any advertisement claiming diagnosis, cure, mitigation, treatment, or prevention of lifestyle diseases such as blood pressure, diabetes, arthritis, asthma, cervical spondylitis, obesity, and heart diseases.

Uttarakhand: PM Modi address an election rally in Rudrapur- Prime Minister Narendra Modi is set to kick off the BJP's Lok Sabha election campaign in Uttarakhand with a rally in Rudrapur, situated within the Nainital-Udham Singh Nagar constituency. According to state BJP president Mahendra Bhatt, the rally is expected to draw a crowd of over one lakh people.

Donald Trump's hush money case to include family members of the court and the District Attorney's office, as per reports. The move came days after Trump assailed and made false claims about Judge Marchan's daughter Loren Merchan on social media, AP reported. The original gag order had barred the former US president from making public statements about jurors, witnesses and others connected to the case.

collapsed last week filed a court petition Monday seeking to limit their legal liability for the deadly disaster. The companies' “limitation of liability" petition is a routine but important procedure for cases litigated under U.S. maritime law.

multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and several consumer products, the company said. St. Paul, Minnesota-based 3M announced Monday that last year’s lawsuit settlement received final approval from the U.S.

steel and concrete at the site of the bridge’s deadly collapse into the Patapsco River after a container ship lost power and crashed into a supporting column. On Sunday, dive teams surveyed parts of the bridge and checked the ship, and workers in lifts used torches to cut above-water parts of the twisted steel superstructure. Officials said the temporary channel is open only to vessels that are helping with the cleanup effort.

Arvind Kejriwal will remain the Chief Minister of Delhi, but his wife, Sunita Kejriwal, is likely to assume a "significant role" in the Aam Aadmi Party (AAP) in the coming days, party sources told news agency PTI on Sunday. Sunita Kejriwal has been at the forefront of the Opposition's protest against the arrest of her husband, Arvind Kejriwal. The Delhi chief minister was arrested on March 21 in connection with a money laundering case linked to the Delhi excise policy.