LegalUpdate

Apollo's Rowan to Take the Stand as Key Defense Witness in Javice Fraud Trial

2 months ago

In a development that has captured the attention of the financial and legal communities, it has been announced that Apollo Global Management’s co-founder, Marc Rowan, will serve as the first defense witness in the high-profile fraud trial involving former Frank CEO Charlie Javice. The trial, which is being closely monitored by industry experts, arises from allegations that Javice misled investors about the actual user numbers of her student loan startup, Frank, leading to a considerable financial fallout following its acquisition by JPMorgan in 2021.

Mastercard Secures UK Court Approval for $200 Million Settlement in Landmark Class Action Case

3 months ago

In a decisive move for both Mastercard and its customers, the UK High Court has granted approval for a monumental settlement of approximately $200 million aimed at putting an end to ongoing class action claims. This agreement is seen as a pivotal moment in the company's efforts to resolve allegations that it had engaged in anti-competitive practices that led to inflated card processing fees affecting millions of consumers.

Judge Reconsiders 18-Year Sentence for Hwang Following Legal Appeal

6 months ago

In a significant development in the legal proceedings against Bill Hwang, the U.S. District Judge presiding over the case has announced that he will evaluate the possibility of reducing Hwang's 18-year prison sentence, which was imposed after his conviction for fraud and conspiracy in a dramatic stock market manipulation case. This announcement brings a glimmer of hope to Hwang and his legal team who have been advocating for a reconsideration of the harsh punishment handed down earlier this year.

Shocking Charges: Former Nomura Employees Accused of Robbery and Attempted Murder

6 months ago

In a disturbing turn of events, two former employees of the Nomura financial services group have been charged with serious offenses, including attempted murder and armed robbery. This case has garnered significant attention, not only due to the nature of the allegations but also because of the high-profile nature of Nomura, a global leader in investment banking and financial services.