DIRS.INFO The most relevant business & tech news

Bankman-Fried left the courthouse, surrounded by guards with assault weapons, and entered a vehicle, according to Reuters Video. The Ministry of Foreign Affairs in The Bahamas said in a statement that the foreign minister had signed off on allowing Bankman-Fried's extradition to the United States. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. [1/10] Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted out of the Magistrate Court building in Nassau, Bahamas December 21, 2022. This rule, which is in The Bahamas’ extradition treaty with the United States, says a person can be tried only on the charges for which they are extradited.

Bankman-Fried left the courthouse, surrounded by guards with assault weapons, and entered a vehicle, according to Reuters Video. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. [1/10] Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted out of the Magistrate Court building in Nassau, Bahamas December 21, 2022. This rule, which is in The Bahamas’ extradition treaty with the United States, says a person can be tried only on the charges for which they are extradited. Bankman-Fried has acknowledged risk-management failures at FTX, but has said he does not believe he has criminal liability.

Dec 21 (Reuters) - Lawyers for Republican Kari Lake, who lost her bid last month to become Arizona’s governor, were in court Wednesday arguing that the election was invalid and should be overturned. Lake lost to Democrat Katie Hobbs by about 17,000 votes in the Nov. 8 election. A central tenet of her gubernatorial campaign was endorsing former President Donald Trump’s false claims that the 2020 presidential election was stolen. Marc Elias, an election attorney whose firm is representing Hobbs, said on Twitter that Lake had little chance of prevailing under the law. “Proving intentional wrongdoing and that it affected the outcome of the election will be impossible for Lake,” Elias wrote.

It paves the way for the founder of the FTX cryptocurrency exchange to be flown to the United States as early as Wednesday afternoon. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. [1/8] Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted into the Magistrate Court building in Nassau, Bahamas December 21, 2022. This rule, which is in The Bahamas’ extradition treaty with the United States, says a person can be tried only on the charges for which they are extradited. Bankman-Fried has acknowledged risk-management failures at FTX, but has said he does not believe he has criminal liability.

NASSAU, Dec 21 (Reuters) - Sam Bankman-Fried left a Bahamas correctional facility and arrived in court on Wednesday morning, a source said, a day after the founder of the FTX cryptocurrency exchange signed papers paving the way for his extradition to the United States, where he faces fraud charges. Bankman-Fried is expected to sign additional papers in court finalizing his waiver of rights to fight extradition, another person close to the matter told Reuters. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. [1/6] Sam Bankman-Fried, founder and former CEO of crypto currency exchange FTX, leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022. Wednesday's hearing will follow a confusing sequence of events this week that left the status of Bankman-Fried's expected extradition unclear.

NASSAU, Dec 21 (Reuters) - Proceedings are set to resume on Wednesday in Sam Bankman-Fried's Bahamas court case, after the founder of the FTX cryptocurrency exchange signed papers paving the way for his extradition to the United States, where he faces fraud charges. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. He initially said he would contest extradition, but Reuters and other outlets reported over the weekend that he would reverse that decision. Wednesday's hearing will follow a confusing sequence of events this week that left the status of Bankman-Fried's expected extradition unclear. [1/6] Sam Bankman-Fried, founder and former CEO of crypto currency exchange FTX, leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022.

A hearing in Bankman-Fried's case will take place on Wednesday at 11 a.m. EST (1600 GMT), a court official told Reuters. Wednesday's proceeding could set the stage for the 30-year-old cryptocurrency mogul to depart the Caribbean nation, after several days of confusion about the status of Bankman-Fried's extradition. A person familiar with the matter said Bankman-Fried intends to consent to extradition. He initially told a Bahamas court he would contest extradition, but Reuters and other outlets reported over the weekend that he would reverse his decision. [1/2] The Founder and former CEO of crypto currency exchange FTX Sam Bankman-Fried leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022.

☆ Environmentalists sue to stop U.S. oil and gas auction off Alaska coast
▼ + stars: | 2022-12-21 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: +2 min

Dec 21 (Reuters) - Environmental groups sued the Biden administration on Wednesday to block a sale of oil and gas drilling rights off the coast of Alaska that is scheduled for next week. Interior had scrapped the Cook Inlet sale this year before the IRA passed, citing a lack of industry interest. "Cook Inlet is already experiencing severe effects of climate change, and new oil and gas leasing will only magnify those harms," the complaint said. Cook Inlet stretches 180 miles (290 km) from Anchorage to the Gulf of Alaska. Operating oil and gas platforms in the area are all in state waters, but oil production has declined substantially since peaking in the 1970s.

☆ Meta is building virtual world open to app makers, CEO tells antitrust court
▼ + stars: | 2022-12-20 | by ( Katie Paul | Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | ) www.reuters.com time to read: +5 min

[1/5] Meta Platforms Chief Executive Mark Zuckerberg leaves federal court after attending the Facebook parent company's defense of its acquisition of virtual reality app developer Within Inc., in San Jose, California, U.S. December 20, 2022. REUTERS/Laure AndrillonSAN JOSE, Calif., Dec 20 (Reuters) - Meta Platforms Inc (META.O) boss Mark Zuckerberg defended his acquisition of a virtual reality fitness app to an antitrust judge on Tuesday, arguing that his company was helping to build a nascent virtual reality industry, not dominate it. On fitness apps, he said, "it's less important that we own the experiences than that they exist." Platform companies have built "the key apps, what they call the killer apps," Zuckerberg said, "but they're not the only apps available." Within developed Supernatural, a VR app it advertises as a "complete fitness service" with choreographed workouts.

REUTERS/Lucas JacksonCompanies Smith & Wesson Brands Inc FollowDec 20 (Reuters) - The upstate New York city of Buffalo on Tuesday filed a lawsuit in state court accusing major gun manufacturers of fueling violence through irresponsible marketing and sales practices. Defendants in the lawsuit include Smith & Wesson Brands Inc (SWBI.O), Beretta USA Corp, Bushmaster Firearms Industries Inc, Colt's Manufacturing Co LLC and Glock Inc. The city is seeking an unspecified money award to combat gun violence. The case appeared to be the first time a city has sued major gun companies under a 2021 New York law that allows lawsuits against gun makers and sellers for creating a "public nuisance" through their business practices. Reporting By Brendan Pierson in New York; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Bankman-Fried hearing to resume on Wednesday as extradition decision looms
▼ + stars: | 2022-12-20 | by ( Maria Alejandra Cardona | Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | ) www.reuters.com time to read: +3 min

[1/2] The Founder and former CEO of crypto currency exchange FTX Sam Bankman-Fried leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022. Tuesday's events mark the latest episode in what has become a confusing, back-and-forth saga over Bankman-Fried's extradition. Last week, he initially told a Bahamas court he would contest extradition, but Reuters and other outlets reported over the weekend that he would reverse his decision. During a court hearing on Monday at which Bankman-Fried appeared, Roberts said he had not been informed of the purpose of the proceeding. The person familiar with the matter told Reuters after Monday's hearing that Bankman-Fried would indeed consent to extradition.

☆ FTX's Bankman-Fried, facing extradition, due back in Bahamas court
▼ + stars: | 2022-12-20 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: +3 min

[1/2] The Founder and former CEO of crypto currency exchange FTX Sam Bankman-Fried leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022. It was not immediately clear if Bankman-Fried had arrived at the court in Nassau. On Monday, Bankman-Fried appeared in court in capital Nassau after Reuters and other outlets reported over the weekend that he had decided to agree to extradition. But during the tumultuous hearing, a Bahamas lawyer for Bankman-Fried, Jerone Roberts, said his client was not yet ready to consent. Upon arrival in the United States, Bankman-Fried would enter a plea in federal court within a day or two.

[1/3] Anti-abortion demonstrators celebrate outside the United States Supreme Court as the court rules in the Dobbs v Women's Health Organization abortion case, overturning the landmark Roe v Wade abortion decision in Washington, U.S., June 24, 2022. REUTERS/Evelyn HocksteinDec 20 (Reuters) - Six months after the U.S. Supreme Court overturned its 1973 Roe v. Wade ruling, the state of abortion rights around the country remains unsettled, thanks to a patchwork of lawsuits in state courts and emergency court orders. About half of all states are ultimately expected to adopt new abortion restrictions in the wake of the Supreme Court's June ruling on Dobbs v. Jackson Women's Health. The litigation has resulted in chaos for abortion providers and patients, according to people involved in the lawsuits and legal experts. In state after state, courts have issued emergency orders blocking the new bans while lawsuits unfold, only to be reversed weeks or even days later on appeal.

☆ FTX's Bankman-Fried, facing extradition, to appear in Bahamas court -source
▼ + stars: | 2022-12-20 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: +3 min

[1/2] The Founder and former CEO of crypto currency exchange FTX Sam Bankman-Fried leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022. On Monday, Bankman-Fried appeared in court in capital Nassau after Reuters and other outlets reported over the weekend that he had decided to agree to extradition. But during the tumultuous hearing, a Bahamas lawyer for Bankman-Fried, Jerone Roberts, said his client was not yet ready to consent. Roberts said Bankman-Fried had seen an affidavit outlining the U.S. charges against him, but that he wanted to see the full indictment, which was unsealed in Manhattan federal court on Dec. 12. Upon arrival in the United States, Bankman-Fried would enter a plea in federal court within a day or two.

☆ Jury finds former Hollywood producer Harvey Weinstein guilty of sexual assault
▼ + stars: | 2022-12-20 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: 1 min

LOS ANGELES, Dec 19 (Reuters) - Former movie producer Harvey Weinstein was found guilty of sexual assault in a trial in Los Angeles on Monday, the second conviction for the one-time Hollywood kingmaker who became the face of #MeToo sexual abuse allegations five years ago, according to the Los Angeles Superior Court. The jury found Weinstein guilty on three counts involving allegations by one woman, but acquitted him of charges relating to a second alleged victim and did not reach a verdict on charges relating to two other women. Reporting by Tim Reid; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ Video gamers sue Microsoft in U.S. court to stop Activision takeover
▼ + stars: | 2022-12-20 | by ( Mike Scarcella | Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | ) www.reuters.com time to read: +2 min

It was filed on behalf of 10 video game players in California, New Mexico and New Jersey. A Microsoft representative on Tuesday defended the deal, saying in a statement that it "will expand competition and create more opportunities for gamers and game developers." After the FTC sued, Microsoft President Brad Smith said, "We have complete confidence in our case and welcome the opportunity to present our case in court." Private plaintiffs can pursue antitrust claims in U.S. court, even while a related U.S. agency case is pending. The FTC previously said it sued to stop "Microsoft from gaining control over a leading independent game studio."

Dec 19 (Reuters) - U.S.-based manufacturer Honeywell International Inc (HON.O) on Monday said it has agreed to pay about $200 million to settle criminal and civil corruption investigations in the United States and Brazil. Those bribes involved Monaco-based oil consultancy Unaoil, which has previously been charged by global authorities over a 17-year scheme to pay bribes to officials in nine countries. About $160 million of the total amount Honeywell said it will pay will go to pay U.S. civil and criminal penalties. Later on Monday, Brazil's government confirmed Honeywell's statement by saying the company would pay about 638 million reais ($120 million) to settle the case, with around 70% destined for Petrobras. Honeywell agreed to pay another $81 million civil penalty to resolve the SEC's charges, though almost half is expected to be offset by payments made to Brazilian authorities, the SEC said.

☆ Honeywell agrees to pay more than $81 million to settle SEC charges of bribery
▼ + stars: | 2022-12-19 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: 1 min

Companies Honeywell International Inc FollowDec 19 (Reuters) - Honeywell International Inc (HON.O) has agreed to pay more than $81 million to settle charges of bribery schemes in Algeria and Brazil in violation of the Foreign Corrupt Practices Act, the U.S. Securities and Exchange Commission (SEC) announced on Monday. Reporting by Tyler CliffordOur Standards: The Thomson Reuters Trust Principles.

☆ Bankman-Fried wants to see indictment before agreeing to extradition - lawyer
▼ + stars: | 2022-12-19 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: 1 min

Dec 19 (Reuters) - Sam Bankman-Fried wants to see the U.S. indictment against him for his role in the collapse of the FTX crypto exchange he founded before he agrees to be extradited from the Bahamas, his lawyer told a court in the Bahamas on Monday. Reporting by Tom Hals in Wilmington, DelawareOur Standards: The Thomson Reuters Trust Principles.

Companies Free Speech Systems, Llc FollowDec 19 (Reuters) - Conspiracy theorist Alex Jones on Monday asked a judge to allow him to take a $1.3 million annual salary from the bankrupt parent company of his Infowars' website. Jones drew a $1.3 million salary from Free Speech Systems before its bankruptcy, and his attorney asked U.S. Bankruptcy Judge Christopher Lopez to restore his salary to that level at a hearing Monday. Free Speech System's monthly revenue has dropped to $1.9 million from pre-bankruptcy levels of $6 million to $7 million, attorneys from the company said, adding that it currently has about $1.8 million in cash. Marty Brimmage, an attorney for the Sandy Hook families, opposed Jones' request for an increased salary. Lopez said he is "open to increasing" Jones' pay but did not have enough evidence to make a ruling yet.

Companies Honeywell International Inc FollowDec 19 (Reuters) - Manufacturer Honeywell International Inc. (HON.O) on Monday said it has agreed to pay about $200 million to settle criminal and civil corruption investigations related to bribery schemes in the United States and Brazil. The SEC charges also relate to payments Honeywell's Belgian subsidiary made to an Algerian government official in 2011. Those bribes involved Monaco-based oil consultancy Unaoil, which has previously been charged by global authorities over a 17-year scheme to pay bribes to officials in nine countries. About $160 million of the total amount Honeywell said it will pay will go to U.S. civil and criminal penalties. Honeywell agreed to pay another $81 million civil penalty to resolve the SEC's charges, though almost half is expected to be offset by payments made to Brazilian authorities, the SEC said.

☆ Appeals court says U.S. cannot mandate federal contractor COVID-19 vaccines
▼ + stars: | 2022-12-19 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: 1 min

WASHINGTON, Dec 19 (Reuters) - A U.S. appeals court on Monday said the White House could not require federal contractors to ensure that their workers are vaccinated against COVID-19 as a condition of government contracts. A panel of the 5th Circuit Court of Appeals voted 2-1 to uphold a lower court decision that blocked President Joe Biden's September 2021 contractor vaccine executive order after Louisiana, Indiana, and Mississippi brought suit to seek invalidation of the mandate. The court said Biden wanted it "to ratify an exercise of proprietary authority that would permit him to unilaterally impose a healthcare decision onone-fifth of all employees in the United States. We decline to do so." Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

Companies Pfizer Inc FollowDec 16 (Reuters) - A federal judge on Friday tossed a lawsuit by a group of medical professionals alleging a fellowship program established by Pfizer Inc (PFE.N) to improve diversity within its higher ranks discriminates against white and Asian-American applicants. Do No Harm, a group opposed to what it calls "radical, divisive, and discriminatory ideologies" in healthcare, alleged the drugmaker's Breakthrough Fellowship Program was discriminatory because only Blacks, Latinos and Native Americans could apply. Pfizer in a statement welcomed the ruling, saying it was "proud of its commitment to diversity, equity, and inclusion." Pfizer launched the fellowship in 2021. Fellows receive two years of full-time jobs, fully funded master's degrees, and employment at New York-based Pfizer after completing the program.

☆ Father of accused Illinois gunman faces charges in July 4 parade mass shooting
▼ + stars: | 2022-12-17 | by ( Steve Gorman | Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | ) www.reuters.com time to read: +3 min

[1/3] Robert E. Crimo III's mother Denise Pesina and father Robert Crimo Jr. attend a hearing for their son in Lake County court, in Waukegan, Illinois, U.S., August 3, 2022. Rinehart declined to specify what knowledge the father had that should have dissuaded him from sponsoring his son's application. The alleged threat in September 2019 followed a prior incident in which police responded to an emergency call reporting that the younger Crimo had attempted suicide. The younger Crimo could not have legally applied for a FOID card in 2019 without a parent or guardian signing for him because he was under 21 at that time. But a state police officer later disregarded that report as based on "second-hand" information, so it was not a factor when the Crimo FOID application was later reviewed by state police.

☆ Citi, Revlon lenders reach deal over $500 mln accidental payment
▼ + stars: | 2022-12-16 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: +1 min

[1/2] The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Citigroup, as Revlon's loan agent, had accidentally used its own money in August 2020 to prematurely pay off an $894 million loan owed by billionaire Ronald Perelman's now-bankrupt cosmetics company. "About three quarters of the mistaken payments have now been returned to Citibank," lawyers for both Citigroup and the lenders said in a letter to a federal judge. Citibank expects to file notices of dismissal in the coming weeks if payments are made as per the agreement, the document said. Reporting by Ann Maria Shibu and Urvi Dugar in Bengaluru; Editing by Chris Reese and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Esg Practice Continues To Drive Economic Growth"

25 mentions found