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☆ U.S. judge greenlights Nio investor class action over factory claims
▼ + stars: | 2023-08-09 | by ( Jody Godoy | ) www.reuters.com time to read: +2 min

(Reuters) - Nio Inc investors can proceed as a class in a lawsuit claiming the Chinese electric vehicle maker lied about building its own factory in Shanghai during its 2018 initial public offering, a U.S. judge has ruled. Chinese electric vehicle start-up Nio Inc. company logo is on display on its initial public offering (IPO) day at the NYSE in New York, U.S., September 12, 2018. Securities class actions rarely go to trial; those that are not dismissed typically result in settlements. When Nio disclosed the plant would not be built in March 2019, its ADS price dropped 30%, from around $10 to $7 per share, the investors said. Nio ADS were trading at around $13.50 per share on Wednesday, down about 3.9% from Tuesday’s closing price.The case is In re: NIO, Inc., Securities Litigation, U.S. District Court, Eastern District of New York, No.

Persons: Brendan McDermid, Nicholas Garaufis, Morgan Stanley, Goldman Sachs, Nio Organizations: Reuters, Nio Inc, NYSE, REUTERS, underwriters, U.S, Securities, Inc, Securities Litigation, Court, Eastern District of Locations: Shanghai, U.S, New York, Nio, Eastern District, Eastern District of New York

☆ Mozambique ex-finance minister denied bail in New York over $2 billion 'tuna bond' scandal
▼ + stars: | 2023-07-14 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: +3 min

Judge Nicholas Garaufis denied the defendant's request for bail, deeming Chang a flight risk. the judge asked Chang's lawyer, Adam Ford. Hinting at his future defense, Chang's lawyer stated that although his client's signature is on the loan documents, it doesn't indicate he knew about the fraud. Judge Garaufis responded "I'm asking because I understand you have a master's degree from the University of London." Chang's lawyer stated that given the significance of the proceedings, it would be helpful for his client to have an interpreter.

Persons: Manuel Chang, Chang, Judge Nicholas Garaufis, Adam Ford, Ford, Hiral Mehta, Garaufis, Chang's, Judge Garaufis Organizations: Credit Suisse, UN, Prosecutors, Three Credit Suisse, University of London Locations: Brooklyn, South Africa, Mozambique, Manhattan, United States, Portuguese

☆ Actrița Allison Mack, din „Smallville”, condamnată la închisoare pentru apartenenţa la o organizaţie de sclave sexuale
▼ + stars: | 2021-07-01 | by ( ) www.jurnal.md time to read: +3 min

Sursa foto: ProfimediaActrița Allison Mack, din „Smallville”, condamnată la închisoare pentru apartenenţa la o organizaţie de sclave sexualeActrița Allison Mack, cunoscută din serialul „Smallville”, a fost condamnată la trei ani de închisoare pentru apartenenţa sa la secta DOS, o organizaţie piramidală de sclave sexuale iniţiată de aşa-numitul guru al dezvoltării personale Keith Raniere. Actrița a primit o pedeapsă redusă după ce a colaborat cu autorităţile. Acuzarea a recomandat o pedeapsă cu o durată inferioară celei prevăzute de lege - între 14 şi 17 ani şi jumătate de închisoare - având în vedere colaborarea actriţei cu autorităţile pe durata anchetei. Allison Mack (38 de ani) a furnizat echipei procurorului federal din Brooklyn informaţii preţioase vizând mecanismul de funcţionare a DOS, precum şi asupra acţiunilor lui Keith Raniere. Înregistrarea, prezentată în timpul procesului, dovedeşte că ceremonia de însemnare a fost ideea lui Keith Raniere, lucru pe care liderul sectei l-a negat până acum.

Persons: Allison Mack, Actrița Allison Mack, Keith Raniere ., Judecătorul Nicholas Garaufis, Keith Raniere, Actriţa, Clark Kent Organizations: Agerpres Locations: Brooklyn

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