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June 1, 2020
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U.S. Supreme Court rebuffs investors’ bid to block Madoff trustee lawsuits

Reuters
FILE PHOTO: Bernard Madoff exits the Manhattan federal court house in New York on January 14, 2009. REUTERS/Brendan McDermid/File Photo (Reuters) – The U.S. Supreme Court on Monday refused to hear a bid by major banks and companies including Koch Industries Inc to prevent a trustee chasing money for victims......
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Used car dealer charged with price gouging New York City on 3M’s N95 masks

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NEW YORK (Reuters) – A New Jersey used car dealer was criminally charged on Tuesday with exploiting the coronavirus pandemic by trying to defraud and price gouge New York City into buying N95 respirator masks in a roughly $45 million scheme. FILE PHOTO: Various N95 respiration masks at a laboratory......
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Korean prosecutors question Samsung heir in succession-related probe

Reuters
SEOUL (Reuters) – Samsung Group heir Jay Y. Lee was questioned on Tuesday by prosecutors about a controversial 2015 merger and alleged accounting fraud that they said may have helped him advance his succession-planning agenda at the country’s top conglomerate. FILE PHOTO: Samsung Electronics Vice Chairman, Jay Y. Lee, speaks......
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VW loses landmark German case as diesel owners stand to receive damages

Reuters
FILE PHOTO: A cartoon of a VW logo squashing the coronavirus is displayed on a building at Volkswagen’s headquarters to celebrate the plant’s re-opening during the spread of the coronavirus disease (COVID-19) in Wolfsburg, Germany April 25, 2020. REUTERS/Fabian Bimmer KARLSRUHE, Germany (Reuters) – A German federal court judge ruled......
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German court rules Volkswagen car owners entitled to damages in emissions scandal

Reuters
FILE PHOTO: A cartoon of a VW logo squashing the coronavirus is displayed on a building at Volkswagen’s headquarters to celebrate the plant’s re-opening during the spread of the coronavirus disease (COVID-19) in Wolfsburg, Germany April 25, 2020. REUTERS/Fabian Bimmer KARLSRUHE, Germany (Reuters) – A German federal court judge ruled......
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U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund

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NEW YORK (Reuters) – U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc (BLK.N) investment fund, including to pay for a Beverly Hills mansion and other luxuries. FILE PHOTO: A sign for BlackRock Inc......
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Japan to seek extradition of men arrested in U.S. over Ghosn escape

Reuters
Former Nissan chairman Carlos Ghosn attends a news conference at the Lebanese Press Syndicate in Beirut, Lebanon January 8, 2020. Picture taken January 8, 2020. REUTERS/Mohamed Azakir TOKYO (Reuters) – Japan on Thursday said it hoped that the two men arrested in the United States and wanted in Japan on......
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U.S. arrests two men wanted by Japan over ex-Nissan boss Carlos Ghosn’s escape

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BOSTON/WASHINGTON (Reuters) – U.S. authorities on Wednesday arrested a former Special Forces soldier and another man wanted by Japan on charges that they enabled the escape of former Nissan Motor Co boss Carlos Ghosn out of the country. FILE PHOTO: Former Nissan chairman Carlos Ghosn attends a news conference at......
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Australia’s Westpac admits to breaches of money-laundering laws

Reuters
FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray/File Photo (Reuters) – Australia’s Westpac Banking Corp (WBC.AX) said in a defence filing in Federal Court on Friday......
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Turkey charges seven people over Ghosn escape: lawyer

Reuters
FILE PHOTO: Former Nissan chairman Carlos Ghosn attends a news conference at the Lebanese Press Syndicate in Beirut, Lebanon January 8, 2020. Picture taken January 8, 2020. REUTERS/Mohamed Azakir ISTANBUL (Reuters) – Turkish prosecutors have prepared an indictment charging seven people, including four pilots, over former Nissan (7201.T) boss Carlos......
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Germany’s BaFin investigating Wirecard communication ahead of audit publication

Reuters
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder FRANKFURT (Reuters) – Germany’s financial market watchdog BaFin is investigating Wirecard’s (WDIG.DE) communication with investors directly ahead of......
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After surprise apology, Samsung heir pressed to explain family’s intentions

Reuters
SEOUL (Reuters) – Samsung Group heir Jay Y. Lee’s vow to end dynastic succession at South Korea’s biggest conglomerate following three generations of family control sparked skepticism in some quarters and worry in others for the future of the country’s corporate champions. FILE PHOTO: Samsung Electronics Vice Chairman, Jay Y.......
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U.S. reaches settlement to recover over $49 million involving Malaysia’s 1MDB: DOJ

Reuters
FILE PHOTO: A man walks past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur, March 1, 2015. REUTERS/Olivia Harris KUALA LUMPUR (Reuters) – The United States has reached a settlement to recover more than $49 million involving Malaysian sovereign wealth......
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Samsung heir Lee apologises over succession, labour controversy

Reuters
Samsung Electronics Vice Chairman, Jay Y. Lee, speaks during a news conference at a company’s office building in Seoul, South Korea, May 6, 2020. REUTERS/Kim Hong-Ji/Pool SEOUL (Reuters) – Samsung Group heir Jay Y. Lee, embroiled in a bribery scandal, on Wednesday apologised over controversial succession plans and said he......
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Exclusive: U.S. coronavirus stimulus went to some healthcare providers facing criminal inquiries

Reuters
WASHINGTON (Reuters) – Eager to bolster the healthcare system during the coronavirus pandemic, the U.S. government last month sped $30 billion in stimulus payments to most healthcare providers that billed Medicare last year. FILE PHOTO: Oklahoma National Guardsmen wait to sanitize a residents room during a decontamination mission at a......
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Tesla tumbles after Musk tweets stock too high

Reuters
(Reuters) – Shares of Tesla Inc (TSLA.O) tumbled 9% on Friday after Chief Executive Officer Elon Musk tweeted that the electric carmaker’s high-flying stock was overly expensive. “Tesla stock price is too high,” Musk said on Twitter in one of several unusual messages, including ones quoting parts of the U.S.......
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Shareholder support for Credit Suisse chairman drops, successor search ‘well under way’

Reuters
ZURICH (Reuters) – Shareholder support for Credit Suisse (CSGN.S) Chairman Urs Rohner dropped to its lowest level ever on Thursday, as Rohner told the Swiss bank’s annual meeting that its search for his successor was well under way. FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at......
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Scrutiny mounts on China’s Luckin Coffee as market regulator inspects

Reuters
FILE PHOTO: A cup of ‘Luckin Coffee,’ coffee is displayed during the company’s IPO at the Nasdaq Market site in New York, U.S., May 17, 2019. REUTERS/Brendan McDermid HONG KONG/BEIJING (Reuters) – China’s top market regulator has launched an inspection into Luckin Coffee (LK.O), joining the country’s securities watchdog in......
Reuters - Business

China’s market regulator inspects Luckin Coffee

Reuters
FILE PHOTO: A cup of ‘Luckin Coffee,’ coffee is displayed during the company’s IPO at the Nasdaq Market site in New York, U.S., May 17, 2019. REUTERS/Brendan McDermid SHANGHAI (Reuters) – Luckin Coffee (LK.O) said on Monday China’s State Administration for Market Regulation was carrying out work to understand the......

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