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☆ Here’s what happens if Trump can’t get a $464 million bond
▼ + stars: | 2024-03-24 | by ( Mark Morales | ) edition.cnn.com time to read: +8 min

Trump personally owes over $454 million stemming from the ruling made by Judge Arthur Engoron back in February. Here’s what happens if Trump can’t secure the bond:Seizing bank accounts and cashIn theory, officials can begin the complicated legal process of taking his assets, barring any other strategic legal maneuvering from state prosecutors and countering from Trump’s legal team. “They walk in and give it to the manager,” said Adam Pollock, a former assistant New York State Attorney General who now specializes in judgment enforcement at Pollock Cohen LLP. “The attorney general’s office is the largest firm in New York State, if you think about it as a law firm. That is really the end of the day, I think, for the Trump organization in New York,” Litman said.

Persons: Donald Trump’s, Trump, Judge Arthur Engoron, Eric, Donald Jr, Letitia James, they’ll, ”, Peter Katz, Marshall, Adam Pollock, Pollock Cohen, “, “ They’re, Alden B, Smith, Pollock, Pollack, ” Pollock, ” Smith, Tish James, Harry Litman, “ That’s, James “, ” Trump, Chris Kise, ” Kise, Jean Carroll, Litman, ” Litman Organizations: CNN, New York Attorney, Trump Organization, Eastern, of, New, New York City Sheriff, New York, Springs ., New York State, “, Trump Locations: York, New York City, New York, Westchester County, Briarcliff Manor, Springs, Lago, Florida, Mar

• But after the interview, Ohtani’s spokesperson “disavowed” Mizuhara’s account, then released a statement saying Ohtani had been the victim of theft. • Later on Wednesday, Mizuhara was fired as Ohtani’s interpreter. ESPN’s Thompson said the interpreter and Ohtani’s representatives did “a big 180” in what they were telling her. At first, Ohtani’s spokesperson told ESPN the player had transferred money to help pay off Mizuhara’s gambling debts, the outlet reported. “I’ve been told (Mizuhara) says something to the effect of ‘I’m sorry.

Persons: Shohei Ohtani, Ippei, “, Mathew Bowyer, Scott Villiard, Bowyer, Diane Bass, Ohtani, ”, Dave Roberts, • Mizuhara, Mizuhara, Ohtani’s, Bowyer “, ‘, Bass, “ Mathew Bowyer, ” Bass, ” Mizuhara, Tisha Thompson, Thompson, –, ESPN’s Thompson, Berk Brettler, Shohei, “ I’ve, ’ ” Thompson Organizations: CNN — Major League Baseball, Internal Revenue Service, Angeles Dodgers, ESPN, Los Angeles Times, “ Major League Baseball, Department of Investigations, IRS, Angeles Field Office, CNN, Los Angeles Dodgers, Dodgers, Ohtani’s, San Diego Padres, MLB, Ohtani, Padres, ” CNN, “ feds, Los Angeles Angels, Shohei’s, Angels, The Dodgers, Nippon, Ham Fighters, Japan’s Nippon Professional Baseball League Locations: California, Seoul, South Korea, San Diego, Mizuhara’s, Ippei

☆ An accountant who works with top YouTubers shares 3 money-management strategies for freelancers and influencers
▼ + stars: | 2024-03-14 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

As an accountant and business advisor for creators, his day-to-day life is made of numbers, spreadsheets, and "boring," "compliance-driven" tasks. Uwins began doing taxes for creators and influencers in the early 2010s, when making money online was still relatively new. In 2021, he cofounded Arcade Media, a talent-management company that works exclusively with the YouTube group the Sidemen. He's helped develop products with the YouTubers, like fried-chicken chain Sides, vodka brand XIX, and their most recent venture, a company making breakfast products called Best Breakfasts. Build a business structure as soon as you start making moneyCreators should have a registered business regardless of how much money they're making, Uwins said.

Persons: —, Sam Uwins, Uwins, Patricia Bright, He's, Sidemen, wean, it's, Uwin Organizations: Service, Business, Arcade Media, YouTube

☆ Opinion: Intelligence briefings for Trump are risky – but so is denial of briefings
▼ + stars: | 2024-03-13 | by ( Opinion Frederick D. Baron | Dennis Aftergut | ) edition.cnn.com time to read: +8 min

The White House reportedly plans to follow tradition and authorize national security briefings for Trump after he officially becomes his party’s nominee at the Republican National Convention in July. Serious financial need is a top reason for denial of clearances for federal government positions requiring access to classified national security information, due to vulnerability to bribery or coercion. Given the risks posed by Trump’s access to national security intelligence, we must ask whether Biden’s asymmetrical belief in sticking to political norms is an Achilles heel. In opting to provide intelligence briefings to candidate Trump, they are likely to impose conditions on the briefings for security reasons. In granting intelligence briefings to his rival, he clearly reasoned that preserving a nonpartisan tradition was the wisest decision at this difficult moment in the nation’s history.

Persons: Frederick D, Baron, Dennis Aftergut, Donald Trump, Joe Biden, Frederick Baron, Cooley, Biden, Trump, Jamie Raskin, Robert Hur’s, Jack Smith, Raskin, “, Putin, ”, Steve Benen, John Bolton, Obama, John Brennan, Adam Schiff, • Organizations: of National Security, Department of Justice, Intelligence, Defending American Democracy, CNN, Trump, White, Republican National Convention, Sensible, Southern District of, Maryland, Foreign Relations, Helsinki Trump, NATO, MSNBC, Mar, National Security Council, National Security, CIA, House Intelligence, Thursday’s State, Union Locations: Southern District, Southern District of Florida, Russia, Helsinki, “, New York, Thursday’s

☆ Andrew Tate was detained in Romania over a UK arrest warrant — and his fans are already spreading conspiracies
▼ + stars: | 2024-03-12 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

The Tate brothers, who live in Romania, reject all allegations, but now face extradition to the UK. AdvertisementAndrew Tate, the self-described misogynist influencer, has been detained and handed an arrest warrant by British authorities — and his fans are already spreading unfounded conspiracy theories about why. Tate and his brother Tristan now face extradition to the UK by authorities in Romania, where they both live. A clip from their Rumble show, Tate Speech, that the Tate brothers live-streamed on March 11 has also been circulating. Romania has detained Andrew Tate and his Brother Tristian Tate over UK sêx abuse charges just after this statement .

Persons: Andrew, Tristan Tate, Tate, —, Andrew Tate, Tristan, Mateea Petrescu, John Cena, Tristian Tate, Romania's, 🚨, nline, ake, ord, ince Organizations: Service, BBC, Appeal, Tate, Reuters, YouTube, ust Locations: Romania, Bucharest, Instagram, uman

☆ Out of options, Trump will pay $500M cash bond to appeal his NY fraud case, experts predict. Not paying will hurt even more.
▼ + stars: | 2024-03-09 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

Trump must stow $500M cash in a bank to cover the appeal bond for his NY fraud case, experts say. His next appeal bond will cost him far more. By posting another appeal bond. Similar to the more familiar jail bond, an appeal bond is a promise of payment that's backed by collateral, meaning cash or property. The premium on a half-billion-dollar appeal bond could run anywhere from $250,000 to north of one million dollars, just to purchase the bond, experts guestimated.

Persons: Trump, —, Donald Trump, Jean Carroll, Letitia James —, Sheriff, Eric Snyder, Snyder, Arthur Engoron, Wilk Auslander, He's, Julie Alleyne, Carroll, Chubb, Evan G, Greenberg, Neil Pedersen, Pedersen, Alleyne, Cash, Jeff Bezos, Elon Musk, Christopher Kise, — Chubb, Letitia James, James, Roy Rochlin, Justin Sullivan Organizations: stow, Service, Trump, New York, New, NRA, Fox, Wilk, Fidelity Association of America, Federal Insurance Company, Chubb Group, Sons, Forbes, Bloomberg, ABC, Midtown, Financial, Getty Locations: NY, Manhattan, New York, New York City, Americas, Midtown Manhattan, New Yorkers

Last week, Musk sued OpenAI and co-founders Sam Altman and Greg Brockman for breach of contract and fiduciary duty. "It's certainly a good advertisement for the benefit of Elon Musk," Kevin O'Brien, partner at Ford O'Brien Landy LLP and former assistant U.S. attorney, told CNBC. In the suit, Musk's lawyers say they want OpenAI to return to its work as a research lab and no longer exist for the "financial benefit" of Microsoft. Musk's attorneys didn't respond to a request for comment. Musk has an AI company of his own, X.AI, which introduced a competing chatbot called Grok in November after two months of training.

Persons: Elon Musk, Tesla, Beata Zawrzel, Elon, Musk, OpenAI, Sam Altman, Greg Brockman, It's, Kevin O'Brien, Ford O'Brien Landy, I'm, O'Brien, isn't, Shannon Capone Kirk, Ropes & Gray, Chris Ratliffe, Kirk, —, X.AI, He's, bigwigs, Andrej Karpathy, Kyle Kosic, OpenAI's, Jason Kwon, Kwon Organizations: Nurphoto, Microsoft, Elon, CNBC, Ropes &, Ropes & Gray LLP, Bloomberg House, Economic, Bloomberg, Getty, The New York Times, SEC, Tesla, X.AI, OpenAI Locations: Krakow, Poland, Davos, Switzerland, OpenAI

☆ 5 common mistakes employers make that could land their workers fat settlements, according to employment lawyers
▼ + stars: | 2024-03-02 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +11 min

The outcome could involve hefty settlements that employers are compelled to cough up to employees who brought workplace-related lawsuits against them. "That is easy, easy money" for the employee, Zambrano, who is suing the musicians Lizzo and Ye (formerly known as Kanye West), on behalf of ex-employees, said. Having an under-trained human resources department could pose major legal troubles for a company, added David Gottlieb, a partner at the New York City-based employment law firm, Wigdor LLP. If a case has some merit, employers will "absolutely" offer money to an employee pursuing legal action, continued Zambrano. Misclassifying employees as exempt from overtimeZambrano said that another common issue he encounters is employers misclassifying employees, sometimes in order to save money for the company.

Persons: —, Ron Zambrano, Zambrano, Lizzo, David Gottlieb, Wigdor, Gottlieb, they're, it's, that's, Amazon Tyler Organizations: Service, Business, Trial, Kanye, New, Wigdor LLP, NFL, Employers, Companies, Getty, Employees, Walmart, West Coast, Amazon Locations: California, New York City

☆ Woman drops lawsuit against Leon Black alleging rape at Jeffrey Epstein mansion
▼ + stars: | 2024-02-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

FILE: Leon Black, chairman and chief executive officer of Apollo Global Management LLC, at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018. A woman who had accused Apollo Global Management co-founder Leon Black of raping her at the New York mansion of the late sex predator Jeffrey Epstein has agreed to drop her civil lawsuit against Black. Black, in a statement provided to CNBC on Monday, said, "I have never met Ms. Pierson. Black left Apollo in March 2021, months earlier than he previously had said he would. The Wigdor law firm is continuing to pursue a separate lawsuit against Black that its attorneys filed in July, alleging that he raped a then-16-year-old girl with autism at Epstein's Manhattan home in 2002.

Persons: Leon Black, Jeffrey Epstein, Cheri Pierson, Pierson, Black, Danya Perry, Wigdor, Epstein, Wigdor . Black, Jane Doe Organizations: Apollo Global Management, Milken Institute Global Conference, Black, Manhattan Supreme, Epstein's, CNBC, Wigdor LLP, U.S . Virgin, Wigdor, Manhattan Locations: Beverly Hills , California, U.S, York, Florida, Manhattan, Wigdor .

Veteran Wall Street executive Omeed Malik is planning to raise over $3 million and donate at least $100,000 in support of Donald Trump's campaign, the latest backer of Florida Gov. Ron DeSantis' failed bid to help the former president. Malik plans to raise at least $3 million for Trump's campaign for president, an advisor to him told CNBC. That's the same amount he raised for DeSantis' 2022 gubernatorial campaign. The advisor was granted anonymity to describe private efforts to help Trump.

Persons: Omeed Malik, Donald Trump's, Ron DeSantis, Malik, Robert F, Kennedy Jr, Weil, Joe ] Biden, Trump, Tucker, He's, PublicSquare, DeSantis Organizations: Wall, Florida Gov, Farvahar Partners, Democrat, Republicans, of Foreign Relations, Bank of America, Manges LLP, Trump voters, Amazon, CNBC Locations: Florida, New York City

The vast majority — nearly $40 million — went to law firms working on his personal legal problems. But significant portions of their donations went to law firms defending Trump in civil cases involving his real-estate empire and its top executives, including Donald Trump Jr., Eric Trump, and Ivanka Trump. Only about $861,000 was spent on law firms working exclusively on political issues. Where there were gaps, we contacted law firms and individual lawyers who received money from the PACs. In 2021 and 2022 combined, Trump spent $16 million on legal fees through the Save America PAC.

Persons: Donald Trump, Trump, —, MAGA, Trump's, Donald Trump Jr, Eric Trump, Ivanka Trump, Stormy Daniels, Jean Carroll, Robert, Clifford S, Michael Cohen, — Troutman Pepper Hamilton Sanders, Kellogg, Hansen, Todd, Figel, Frederick —, Madaio, Alina Habba, Michael Madaio, Hillary Clinton, James Comey, Mary Trump, general's, Carroll, Trump —, Joe Tacopina, Chad Seigel, Christopher Kise, Jesus M, Suarez, Eli Bartov, Bryan Woolston, Silverman Thompson Slutkin, White, Evan Corcoran, Todd Blanche, Cadwalader, Taft, Blanche, Attorney Alvin Bragg's, Daniels, Susan Necheles, John Lauro, who's, Steven H, Drew Findling, Jennifer Little, Jesse R, it's, Jim, John Rowley, Eduardo Munoz Alvarez, Allen Weisselberg, Weisselberg, perjured, ArentFox Schiff, Jeff McConney, Stanley Woodward, Stanley Brand, Carlos de Oliveira, John S, Irving of, Boris Epshteyn, Kenneth Chesebro, Troutman Pepper, Ivanka, Newsmax, Harmeet, Dhillon, Bradley T, Morvillo Abramowitz, David Pecker, Elkan Abramowitz, Greenberg Traurig, Ballard Spahr, Mintz, Levin, Cohn, Ferris, Corey Lewandowski, Robert Mueller's, Jones, Andrew Kelly, It's, Forbes, defaming Carroll, he's Organizations: Service, Trump, Save America PAC, Make, Trump Organization, Politico, Reuters, New, Associates, Democratic National Committee, The New York Times, Times, Continental LLP, Inc, AP, Attorney, Capitol, Law, Taft, Brand Woodward Law, Irving of Earth & Water Law, Ivanka Trump, Republican National Committee, Save, MAGA, Curve Solutions, National Enquirer, Republican, MAGA PAC, Bloomberg Locations: New York, Georgia, Carroll, Manhattan, Florida, York, Washington, DC, Wickersham, Attorney Alvin Bragg's Manhattan, Fulton County , Georgia, codefendants, MAGAworld, Robert Mueller's Russia

☆ Trump declares he's interviewing law firms for his E. Jean Carroll appeal, and it's giving 'Apprentice' vibes
▼ + stars: | 2024-01-31 | by ( Natalie Musumeci | Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Read previewDonald Trump appears to be treating his planned appeal in the second E. Jean Carroll defamation case like his former reality TV show, "The Apprentice." Tacopina withdrew from Trump's legal team shortly before the second trial began. That left Habba in charge of defending Trump for his second trial, which resulted in a considerably higher jury verdict. Trump, Rahmani said, "probably realizes that he lost the second Carroll trial so badly in part due to Alina Habba's limited trial experience and that he needs experienced appellate counsel." The judge, conscious of Trump's intent to appeal the second trial results, told as much to Trump in the courtroom before he testified.

Persons: —, Donald Trump, Jean Carroll, Carroll, defaming, Trump, Lewis Kaplan, Alina Habba, Michael Madaio, Joe Tacopina, Habba, Tacopina, Kaplan, — Habba, Matthew Cronin, Mark Bederow, Madaio, Judge Kaplan, Mary Altaffer Habba, Joshua Matz, Kaplan Hecker, Fink, Kaplan's, Neama, Rahmani, Alina Habba's, Bederow Organizations: Service, Business, Hunts, Manhattan, American System of Justice, Trump, Associates, Trump —, Habba, AP, Kaplan, Fink LLP Locations: Carroll's, Manhattan, New York, Washington

☆ An American Airlines flight attendant was charged over claims he photographed minors in airplane bathrooms
▼ + stars: | 2024-01-19 | by ( Pete Syme | Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

AdvertisementA 36-year-old American Airlines flight attendant was arrested Thursday on two charges related to claims he'd filmed a minor using an airplane bathroom, the US Attorney's Office for the District of Massachusetts said. A press release from the Department of Justice released Thursday says the claims involve an American Airlines flight to Boston from Charlotte, North Carolina, in September. A family says their daughter discovered a cellphone taped inside a toilet on an American Airlines flight in September. American Airlines said in a statement that Thompson had not worked for the airline since the September incident. Paul Llewellyn, an attorney representing the girl's family in their civil lawsuit against American Airlines, said the family is happy that police arrested Thompson.

Persons: Estes Carter Thompson III, Thompson, —, he'd, Estes Carter Thompson, Lewis, Llewellyn, he's, Jodi Cohen, Paul Llewellyn Organizations: DOJ, Service, American Airlines, US, Office, District, Department of Justice, SEAT, BI Locations: Massachusetts, Boston, Charlotte , North Carolina

☆ If You Can't Beat 'em, Impeach 'em
▼ + stars: | 2024-01-12 | by ( Susan Milligan | ) www.usnews.com time to read: +7 min

Republicans want President Joe Biden out of office. And they've taken the clashes to an unprecedented new level: If you can't beat 'em, impeach 'em. "Secretary Mayorkas has brazenly refused to enforce the laws passed by Congress that knowingly made our country less safe. But Justice did not prosecute three other Republicans – White House Chief of Staff Mark Meadows, former DOJ official Jeffrey Clark and former Trump Deputy Chief of Staff Dan Scavino – whom the panel referred for legal action. "They're struggling to come up with the votes to impeach President Biden.

Persons: Joe Biden, Hunter Biden, Biden, Tom Whalen, William Belknap, Ulysses S, Grant, Joshua Matz, Donald Trump, Matz, Kaplan Hecker, Fink, Alejandro Mayorkas –, Mayorkas, Mark Green of, nefariously, Hunter, Nancy Mace, Merrick Garland, James Comer of, Garland, ” Comer, Trump, Steve Bannon, Peter Navarro –, Republicans –, Mark Meadows, Jeffrey Clark, Staff Dan Scavino –, Lloyd Austin, Matt Rosendale, They're, Brad Woodhouse, They'll, Woodhouse, Whalen, Austin, John Kasich, Bill Clinton Organizations: Justice Department, GOP, Boston University, Fink LLP, Homeland, Congress, House Republicans, Republican, Democrat, Department, Republicans, Republicans – White, Trump, Staff, White, Montana Republican, Austin, House, Democratic, Congressional Locations: Washington ,, Mark Green of Tennessee, South Carolina, James Comer of Kentucky, Austin, Montana

Warnock said some of the “salacious” allegations in Hall's declaration have nothing to do with what was being discussed in court Thursday. The lawsuit contends that Hall opened an arbitration process on Nov. 9 against Oates and the other defendants in the lawsuit, Oates’ wife, Aimee Oates, as well as Richard Flynn, in their roles as co-trustees of Oates’ trust. Hall was seeking an order preventing them from selling their part in Whole Oats Enterprises to Primary Wave Music. Primary Wave has already owned “significant interest” in Hall and Oates’ song catalog for more than 15 years. Additionally, Hall said in his declaration he would not approve such a sale and doesn’t agree with Primary Wave’s business model.

Persons: Daryl Hall, John Oates, Oates, Chancellor Russell Perkins, Hall, ″ Christine Lepera, hasn't, that’s, ” Lepera, Tim Warnock, Hall's, Mr, ” Warnock, —, Oates blindsided, Warnock, “, Aimee Oates, Richard Flynn, Oates ’ Organizations: Oats Enterprises, Investment Management LLC, Oates, Hall Locations: Tenn, Nashville, U.S, Japan, Hall

“While falsely contending over the last several months that the Oates Trust wanted to maintain ownership in WOE, John Oates and the Co-Trustees engaged in the ultimate partnership betrayal," Hall said in a declaration. The lawsuit contends that Hall opened an arbitration process on Nov. 9 against Oates and the other defendants in the lawsuit, Oates’ wife, Aimee Oates, and Richard Flynn, in their roles as co-trustees of Oates’ trust. Primary Wave has already owned “significant interest” in Hall and Oates’ song catalog for more than 15 years. “I am deeply troubled by the deterioration of my relationship with, and trust in, John Oates,” Hall said in the declaration. Hall & Oates was inducted into the Rock & Roll Hall of Fame in 2014 and its latest album, “Home for Christmas,” was released in 2006.

Persons: Daryl Hall, John Oates, Oates, Hall, “, Derek Crownover, ”, Aimee Oates, Richard Flynn, Oates ’, ” Hall, he's, ” Oates, it’s Organizations: Oates, Oats Enterprises, Investment Management, Oates Trust, Oates Enterprises, Temple University, Atlantic Records, Roll Hall of Fame, Associated Press Locations: Tenn, Nashville, Hall, U.S, Japan

☆ A sales practice at American Express is under scrutiny. Here's what we know about the investigation.
▼ + stars: | 2023-11-29 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +12 min

It's not clear how much scrutiny the company is under for management's role in developing and training employees to sell the product. Subpoenas are issued to compel parties such as company executives and employees, or former employees, to appear for interviews or turn over documents. In July, the OCC assessed a $15 million civil penalty against American Express National Bank. The IRS is also involvedBrooklyn attorneys are coordinating their criminal investigation alongside the IRS's criminal-investigation unit, the people BI spoke with said. Sinking morale among some sales employeesThe investigations are taking a toll on Amex's results-driven culture, current and former sales employees told BI, because compliance staff have gotten more involved in the sales process.

Persons: Amex, hadn't, salespeople, It's, Adam Isserlis, Isserlis, John Marzulli, Brian Morris, Hiral Mehta, Morris, Boies, Boies Schiller Flexner, Seth DuCharme, Charles Blazer, he's, Mehta, Hiral, Brian Organizations: American Express, Business, Justice, New York State Department of Financial Services, BI, Brooklyn, Eastern, of, OCC, American Express National Bank, Consumer Financial, Justice Department, Department of Financial Services, Department of Justice, IRS, Federal Deposit Insurance Corp, FDIC's, Government, Costco, Securities, Eastern District, Department of Homeland Security, Boies Schiller, FIFA, Taco Bell Locations: Brooklyn , New York, of New York, Eastern, Brooklyn

☆ N.Y. Cannabis Board Settles Suits, Paving Way for Dispensaries to Open
▼ + stars: | 2023-11-27 | by ( Ashley Southall | More About Ashley Southall | ) www.nytimes.com time to read: +1 min

A state judge in Ulster County froze the interim program in August after four service-disabled veterans sued, claiming that they were illegally excluded from applying. They borrowed the argument from a lawsuit filed in March by a coalition of opponents that included four of the state’s medical cannabis companies. The settlement would end both lawsuits. Going forward, 436 retail license holders caught up in the litigation would be able to open shops and begin making deliveries, including 23 dispensaries that were ready to open before the stoppage. Lawyers for the plaintiffs in both lawsuits did not immediately comment on the settlement.

Persons: Jorge Vasquez, Vasquez Segarra Locations: Ulster County

The group usually has one active case against financial regulators, but currently has two against the Securities and Exchange Commission (SEC) and one against the Consumer Financial Protection Bureau (CFPB), he said. To be sure, the financial regulators have been sued many times during previous administrations, including by pro-reform advocacy groups. "There are some financial regulators that are walking right into it," he added. In September, for example, bank groups accused regulators including the Federal Reserve of violating the APA with a new capital rule. According to research by Wharton School professor David Zaring, neither industry groups nor individual lenders have filed more than one suit over the past decade challenging Fed policymaking.

Persons: Jim Bourg, Gibson, Dunn, Crutcher, Joe Biden's, Donald Trump's, Tom Quaadman, Jack Inglis, CFPB, Dennis Kelleher, Trump, Eugene Scalia, Gibson Dunn, Scalia, Antonin Scalia, Rebeca Romero Rainey, David Zaring, Kelleher, Douglas Gillison, Chris Prentice, Pete Schroeder, Nate Raymond, Jody Godoy, Megan Davies, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, WASHINGTON, Democratic, Republican, Reuters, APA, U.S . Chamber of Commerce, Securities and Exchange Commission, Consumer Financial Protection Bureau, Funds, Alternative Investment Management Association, Fifth Circuit, Appeals, Better Markets, Biden, American Bankers Association, Labor, Supreme, Independent Community Bankers of, Federal, Wharton School, Thomson Locations: Washington, Independent Community Bankers of America

Police guard the courthouse of United States District Court for the Eastern District of New York in Brooklyn, New York, U.S., November 5, 2018. Lukas lodged a lawsuit in federal court in New York on Monday against the Portuguese actor, now 45, who starred in the Netflix mystery thriller series White Lines. Lukas, who directed romantic comedy Hollidaysburg, filed her claim under New York's Adult Survivors Act, which expires on Thursday. Lukas had a forensic examination for sexual assault done the day after the incident at a hospital and "reported the rape to the police," the court filing says. Lukas' case was filed in the U.S. District Court for the Eastern District of New York.

Persons: Eduardo Munoz, A.M, Lukas, Nuno Lopes, drugging, Lopes, Wigdor, Catarina Demony, Aislinn Laing, Bernadette Baum Organizations: Police, States, Court, Eastern, of, REUTERS, LISBON, Netflix, Reuters, Tribeca, Thomson Locations: of New York, Brooklyn , New York, U.S, Portuguese, New York

☆ EY appoints company veteran Janet Truncale as global CEO
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

A general view of Ernst & Young Global Limited Headquarters in London in London, Britain April 15, 2023. REUTERS/Maja Smiejkowska/File Photo Acquire Licensing RightsCompanies Ernst & Young LLP FollowNov 15 (Reuters) - Ernst & Young has appointed insider Janet Truncale as global chief executive, replacing Carmine Di Sibio starting July 2024, the accounting firm said on Wednesday. Truncale, the regional managing partner at EY Americas, has spent more than 30 years at the firm after joining as an intern. Di Sibio was appointed to the top role in 2019. Reporting by Jose Joseph in Bengaluru; Editing by Arun Koyyur and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Ernst, Maja Smiejkowska, Young, Janet Truncale, Carmine Di Sibio, Truncale, Di Sibio, EY, Jose Joseph, Arun Koyyur Organizations: Ernst & Young Global, REUTERS, Ernst, EY, Financial Times, Thomson Locations: London, Britain, Bengaluru

In preparing financial statements, also known as compilations, accountants need only documentation used to determine the value of assets, like Trump’s skyscrapers, golf courses and other properties. The firm cut ties with Trump last year and said his financial statements “should no longer be relied upon” after James raised concerns about their accuracy. James, a Democrat, alleges Trump, his company and top executives exaggerated his wealth by billions of dollars on the financial statements by inflating property values. On the stand Tuesday, Flemmons echoed Trump’s longstanding assertion that disclaimers on the financial statements insulated him from liability for discrepancies or misstatements. Trump has argued that, if anything, his financial statements undervalued how much his properties were worth.

Persons: — Donald Trump, Letitia James ’, Jason Flemmons, Donald Bender, Bender, he'd, —, “, Flemmons, James, Trump, Judge Arthur Engoron, “ It’s, ” Flemmons, Steven Witkoff, Trump’s, ” Engoron, Donald Trump Jr, Allen Weisselberg, ” Trump, Eric, Donald Trump, ”, Michael Organizations: USA, York, Trump Organization, U.S . Securities, Exchange Commission, Trump, Ankura Consulting, Mazars, Republican Locations: New York, Lago, Florida, Trump’s Doral , Florida, Michael Sisak, x.com

☆ Investors increase holdings of weight-loss drug makers’ shares in Q3 -filings
▼ + stars: | 2023-11-14 | by ( Carolina Mandl | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 14 (Reuters) - Some big investors showed increased appetite for weight-loss drug makers in the third quarter, piling in to shares of Eli Lilly (LLY.N) and Novo Nordisk amid growing demand for their product, securities filings showed on Tuesday. Shares of Eli Lilly rose 14.5% in the third quarter and are up 67% this year. Some investors also bought more American Depositary Receipts of Novo Nordisk, including Fidelity Investments, Lazard Asset Management, T Rowe Price and Soros Fund. Novo Nordisk on Saturday presented data showing that the heart protective benefits of Wegovy are not solely due to weight loss, which could make it easier for healthcare insurance reimbursement in the future. Still, other investors trimmed their exposure to Eli Lilly, such as Wellington Management Group, California Public Employees Retirement System and Bridgewater Associates.

Persons: Eli Lilly, Eli Lilly's Mounjaro, JPMorgan Chase, Eli Lilly's, Rowe Price, Marshall Wace, LSEG, “ Stocks, ”, Vincent Aita, Carolina Mandl, Ira Iosebashvili, Matthew Lewis Organizations: Novo Nordisk, Novo, JPMorgan, Vanguard, Sigma, Tiger Global Management, Coatue Management, U.S . Food, Drug Administration, Novo Nordisk's Wegovy, Bank of America, Fidelity Investments, Lazard Asset Management, Soros Fund, Wellington Management Group, California, Bridgewater Associates, Marshall, Renaissance Technologies, Capital Management, Pfizer, Carolina, Thomson Locations: BlackRock, U.S, New York

☆ SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +5 min

WeWork had office space available at 777 locations worldwide as of the end of June. In a filing with the New Jersey bankruptcy court, WeWork listed assets of $15.06 billion and liabilities of $18.66 billion as of June 30. Under its founder Adam Neumann, WeWork grew to be the most valuable U.S. startup worth $47 billion. WeWork engaged in debt restructurings, yet this was not enough to stave off its bankruptcy. Shortly before WeWork filed for bankruptcy, Neumann said in a statement, "I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully."

Persons: WeWork, SoftBank, Cadwalader, Taft, Kate Munsch, Adam Neumann, Sandeep Mathrani, Mathrani, David Tolley, Neumann, Greg Roumeliotis, Mrinmay Dey, Arun Koyyur, Rashmi Aich, Jamie Freed, Edmund Klamann Organizations: SoftBank, New, REUTERS, JPMorgan Chase, Intelsat, Thomson Locations: Canada, New Jersey, Wickersham, San Francisco , California, U.S, WeWork, SoftBank, Tokyo, New York, Bengaluru

☆ SoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcy
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

Profitability has remained elusive, as WeWork grapples with its expensive leases and corporate clients cancelling because some employees work from home. In a filing with the New Jersey bankruptcy court, WeWork listed estimated assets and liabilities in the range of $10 billon to $50 billion. Under its founder Adam Neumann, WeWork grew to be the most valuable U.S. startup worth $47 billion. WeWork engaged in debt restructurings, yet this was not enough to stave off its bankruptcy. Shortly before WeWork filed for bankruptcy, Neumann said in a statement, "I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully."

Persons: Kate Munsch, WeWork, Cadwalader, Taft, Adam Neumann, SoftBank, Sandeep Mathrani, Mathrani, David Tolley, Neumann, Greg Roumeliotis, Mrinmay Dey, Arun Koyyur Organizations: REUTERS, SoftBank, New, JPMorgan Chase, Intelsat, Thomson Locations: San Francisco , California, U.S, Canada, New Jersey, Wickersham, WeWork, New York, Bengaluru

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