A $3.9bn (£3.1bn) settlement deal has been struck between Goldman Sachs and Malaysia over losses the giant investment bank caused in the 1MDB corruption scandal.
Financial Times reporter, Mark Di Stefano, has been suspended following allegations of infiltrating and listening into private Zoom meetings. These meetings were held by senior managers of the Independent and the Evening Standard to discuss the steps that would be taken to combat the financial impact of the coronavirus pandemic.
The US House Judiciary Committee is leading an investigation into the e-commerce giant Amazon for antitrust allegations that have previously been denied by company representatives. On 1 May 2020, the Committee stressed that they are within their rights to “resort to compulsory process” and subpoena Amazon’s CEO, Jeff Bezos, if he fails to testify on a voluntary basis. A subpoena is a written order to compel an individual to give testimony before a court.
Whilst “Dieselgate” is old news to many, the Volkswagen (VW) scandal has recently resurfaced in the media as six German executives have been charged with “deliberately misleading” authorities and customers. Almost half a million German consumers are still awaiting compensation from the fraudulent car manufacturer for installing cheat devices to pass emission tests. The scandal rocked the world in 2015, outraging environmentally conscious consumers for the abject disregard of the environment and emissions regulations. This global case has transformed collective redress in Europe and exposed not only Volkswagen but also other car manufacturers such as Audi and Porsche.