Nikola Founder Trevor Milton Sentenced to 4 Years in Prison for Fraud
Dec 19, 2023 09:55 am UTC| Business Law
Nikola founder Trevor Milton was sentenced on Monday to four years in prison for deceiving investors about the companys hydrogen and electric truck technology. This sentence is significantly shorter than the 11 years...
Bankruptcy Lawyer Fees for FTX Reach $53,000 per Hour, Raises Concerns
Dec 18, 2023 09:14 am UTC| Business Digital Currency Law
According to recent compensation filings, FTX, the defunct crypto exchange, has been expending a staggering $53,000 per hour on bankruptcy lawyers and advisers. Over the three months ending October 31, FTX burned through...
Starbucks, TGI Fridays Operator in Brazil Receives Bankruptcy Protection
Dec 13, 2023 06:53 am UTC| Business Law
A Sao Paulo judge has approved bankruptcy protection for SouthRock Capital, the company responsible for running all Starbucks coffee shops and TGI Fridays restaurants in Brazil. This ruling results from SouthRocks filing...
Dec 13, 2023 06:23 am UTC| Business Law
Incarcerated Alabamans and labor organizations have filed a federal class action lawsuit against the state of Alabama, demanding an end to the controversial forced prison labor system. This system leases incarcerated...
What is the government's preventative detention bill?
Dec 07, 2023 08:01 am UTC| Law
After a week of non-stop headlines, the governments preventative detention legislation is being debated in the lower house, just in time for the end of the sitting year. Its likely to pass on Thursday. The new laws will...
Dec 05, 2023 09:22 am UTC| Digital Currency Law Business
True believers in cryptocurrency have had a rough few weeks. The US government just fined Binance the worlds largest crypto exchange US$4.3 billion (3.4 billion) for its involvement in money laundering. It forced the...
‘We have thousands of Modis’: the secret behind the BJP’s enduring success in India