LegalSettlement

OKX Faces $500 Million Penalty Following Guilty Plea for Cryptocurrency Crimes

3 months ago

In a significant turn of events within the cryptocurrency industry, OKX, one of the leading digital asset exchanges, has announced a staggering settlement payment of $500 million. This move comes as the platform grapples with the repercussions of a guilty plea related to serious allegations of crypto-related crimes.

UBS on the Brink of Settling U.S. Tax Evasion Cases Linked to Credit Suisse

4 months ago

In a significant development, UBS Group AG is reportedly poised to resolve an ongoing U.S. investigation concerning tax evasion practices associated with its recently acquired rival, Credit Suisse Group AG. This settlement is expected to address allegations that Credit Suisse aided American clients in evading taxes, a situation that has been under scrutiny by U.S. authorities for several years.

Louis Bacon and PJT Partners Resolve Legal Dispute in Caspersen Fraud Case

5 months ago

In a significant development in the financial world, billionaire investor Louis Bacon has reached a settlement with PJT Partners, a major financial advisory firm, regarding a dispute tied to the notorious fraud case involving former financier Benjamin Caspersen. This resolution comes amid ongoing scrutiny surrounding financial practices and client relations in the aftermath of the Caspersen scandal, which left many investors questioning the integrity of their advisors.