DIRS.INFO The most relevant business & tech news

☆ Trump scores rare legal win as judge cancels trial over his endorsement of multilevel-marketing 'videophone' company
▼ + stars: | 2024-01-12 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

A federal judge dismissed a civil trial against Donald Trump scheduled for January 29. AdvertisementA federal judge canceled an upcoming trial against Donald Trump and the Trump Organization over Trump's support of a multilevel-marketing company, ruling that the Manhattan federal court wasn't the best place to try the case. A group of plaintiffs who said a company called ACN scammed them brought the multilevel-marketing case, which was scheduled for trial on January 29. AdvertisementIn October, Trump notched a win when a judge denied the case class-action-lawsuit status, curtailing its scope. "Today's decision addresses only where — not if — Plaintiffs' claims should be brought to trial," Kaplan said.

Persons: Donald Trump, hawking, —, Jean Carroll, Trump —, Trump, Lorna Schofield, Schofield, Roberta Kaplan, Kaplan Organizations: Service, Trump Organization, Trump, New, Business Locations: Manhattan, New York, California , Maryland, Pennsylvania

Ben & Jerry's, a brand of Unilever, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. While Ben & Jerry's board oversees its social mission, Unilever retained authority over financial and operational decisions when it bought the ice cream company in 2000. Founded in 1978, Ben & Jerry's has long positioned itself as socially conscious. It said in July 2021 that selling ice cream in the occupied Palestinian territories was "inconsistent with our values." In 2022, Unilever sold its interest in Ben & Jerry's operations in Israel.

Persons: Jerry's, Andrew Kelly, Lorna Schofield, Schofield, Ben, Jody Godoy, Jonathan Stempel, Cynthia Osterman Organizations: Unilever, REUTERS, Unilever Plc, Ben, West Bank, District, Unilever American, Clair Shores Police, Court, Southern District of, Thomson Locations: Manhattan , New York City, U.S, Manhattan, Palestinian, Michigan, East Jerusalem, St, Clair Shores, Israel, The Vermont, Southern District, Southern District of New York, New York

☆ Glencore Subsidiary Sentenced, Ordered to Pay $30 Million to Medical Company
▼ + stars: | 2023-02-28 | by ( Dylan Tokar | Richard Vanderford | ) www.wsj.com time to read: +4 min

A Glencore lawyer on Tuesday said the company now expects to pay as much as $1.5 billion in total penalties, up from the $1.2 billion it initially agreed to pay last year. Glencore faced several restitution claims after agreeing to its settlement last year, including from Petróleos Mexicanos SA de CV, or Pemex, Mexico’s state-owned oil company. The negotiated monetary penalty paid by the Glencore subsidiary is lower than what is called for under federal sentencing guidelines, a reflection of Glencore’s cooperation, Judge Schofield said at Tuesday’s sentencing. Glencore gave prosecutors more than a million documents, including from overseas, where prosecutors lack subpoena power, the judge said. The company also agreed to overhaul its compliance program and will be under an independent monitorship for three years, she said.

☆ Glencore sentenced to pay $700 million in US after bribery guilty plea
▼ + stars: | 2023-02-28 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +1 min

Companies Glencore PLC FollowNEW YORK, Feb 28 (Reuters) - A U.S. judge on Tuesday ordered Glencore Plc (GLEN.L) to pay $700 million in connection with its guilty plea over a decade-long scheme to bribe foreign officials across several countries. Prosecutors have said Glencore paid more than $100 million in bribes to officials in countries including Nigeria, Brazil, Venezuela and the Democratic Republic of the Congo to win business or avoid audits. Overall, the Swiss-based multinational has said it expects to pay more than $1.5 billion to settle bribery and market manipulation accusations, including more than $1 billion in the United States. Last year, Glencore was ordered to pay $341 million in fines and $144 million in forfeiture after pleading guilty to a market manipulation charge in Connecticut federal court. Reporting by Luc Cohen in New York Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

☆ Medical Company Seeks $50 Million From Glencore Over Congolese Bribe
▼ + stars: | 2022-10-26 | by ( Dylan Tokar | ) www.wsj.com time to read: +2 min

A company founded by a South African husband and wife to provide medical care for Congolese miners asked a federal judge in Manhattan for $50 million in restitution for the harm it said it suffered from a bribery scheme involving Glencore PLC. Glencore, an Anglo-Swiss commodities company, in May agreed to pay about $1.2 billion to resolve long-running investigations by U.S., U.K. and Brazilian authorities into bribery and market-manipulation misconduct. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. After a dispute over the appointment of a manager to oversee those contracts, Kamoto terminated the agreements, according to Crusader Health. The bribe, which was described in settlement documents between Glencore and the U.S. government, ultimately forced Crusader Health to shut down, the company said.

Search resuls for: "Lorna Schofield"

5 mentions found