Securities Law | Mergers & Acquisitions | Private Equity In what is shaping up to be a landmark case in corporate buyout enforcement, Tom Steffanci, former president of Deutsch Family Wines & Spirits, has petitioned the New York Supreme Court seeking to compel his former employer to buy out his
Tag: usa
PwC Sues KPMG for $1.4 Billion Over Bridging Finance Collapse: A Test Case for Auditor Liability
Professional Negligence | Breach of Contract | Fiduciary Duties in Insolvency In a legal development that may reshape the landscape of auditor accountability in Canada, PwC has launched a $1.4 billion lawsuit against KPMG LLP, alleging gross negligence in its audit of the now-defunct private lender Bridging Finance Inc. The suit, filed
Transmission Troubles Rev Up: Nissan’s Class Action CVT Settlement & $5K Reimbursements
Automotive Lemon Law | Consumer Protection | Class Action Lawsuits In October 2022, a putative class action was filed in the U.S. District Court for the Middle District of Tennessee (Case No. 3:22-cv-00785), alleging that 2015–2018 Nissan Murano and 2016–2018 Nissan Maxima models equipped with continuously variable transmissions (CVT) suffered serious
Huawei Must Face U.S. Racketeering Case, Judge Rules
Criminal Accountability | National Security | Global Tech Tensions A U.S. district judge has denied Huawei Technologies’ attempt to dismiss a sweeping 16‑count federal indictment, including charges of racketeering, wire and bank fraud, and trade‑secret theft. The ruling ensures the Chinese telecom giant will undergo a full criminal trial, highlighting longstanding
$24 Billion Default Judgment: Missouri Holds China Accountable for COVID PPE ‘Hoarding
Foreign Sovereign Immunity | State Litigation | Diplomatic Fallout On March 7, 2025, a federal judge in Missouri granted the state a $24 billion default judgment against China—finding it liable for concealing early COVID‑19 data and hoarding personal protective equipment (PPE). The monumental ruling stems from Missouri Attorney General Andrew Bailey’s lawsuit
Age-Verification Mandates Upheld: Supreme Court Endorses Digital Gatekeeping for Pornography
Digital Security | Child Protection | Age Consent In a watershed decision likely to redefine the boundaries of online free speech, the United States Supreme Court today upheld a Texas law requiring age verification for access to pornographic websites, ruling in Free Speech Coalition, Inc. v. Paxton that the state’s
Canada’s “One Canadian Economy Act” Is Now Law — A New Era for Internal Trade
Free Interprovincial Trade | National Infrastructure | Business Internal Trade & Infrastructure Overhaul On June 26, 2025, Canada enacted Bill C‑5, the One Canadian Economy Act, via royal assent—a sweeping reform aimed at dismantling internal trade barriers and accelerating critical infrastructure projects. Proponents view it as a bold structural response to U.S.
United Airlines Under Fire: A Surge in Race Discrimination Lawsuit
Hostile Environments | Discrimination | Supervisory Abuse Over the past year, United Airlines has faced a growing legal reckoning, with multiple lawsuits and EEOC actions alleging patterns of racial, age, and religious discrimination across its corporate and operational structures. From hostile workplace claims under Title VII to flight attendant assignment bias
CVS Caremark Ordered to Pay $95 Million
Whistleblower Claims | False Claims Act | Medicare Oversight A federal judge has ordered CVS Health’s pharmacy benefit manager unit, Caremark, to pay $95 million following a bench trial in a whistleblower case alleging systematic overcharging of Medicare. This ruling, delivered by Chief Judge Mitchell Goldberg, reinforces the government's rigorous stance
Court Enforces Secular Classrooms: Appeals Court Blocks Louisiana’s Ten Commandments Mandate
Education Law | First Amendment | Religious Liberty A three-judge panel of the U.S. Fifth Circuit Court of Appeals has struck down Louisiana’s House Bill 71, which mandated the display of the Ten Commandments in public school and university classrooms. The ruling, issued on June 20, 2025, declared the law “plainly unconstitutional”