Author Archives: Bloomberg Media

Photographer: Win McNamee/Pool via Bloomberg

The Litigation Storm Around President Trump

The Litigation Storm Around President Trump

By Paul Barrett and Dune Lawrence, Bloomberg News Liberal activists are thrilled to be suing President Donald Trump. “The reason you’re seeing a proliferation of lawsuits against President Trump is that he brought his lifelong contempt for the rule of law with him to the Oval Office,” says Norman Eisen, the chief White House ethics

Photo: Peter Foley/ Bloomberg

Shkreli Meets Potential Juror for Trial Who Sees ‘A Snake’

By Patricia Hurtado and Misyrlena Egkolfopoulou, Bloomberg News Martin Shkreli is infamous. That’s making it tough to find a jury of 12 for his criminal fraud trial — even in Brooklyn. The first potential juror interviewed Monday, a young woman in her 30s, called Shkreli “an evil man.” Another woman said she knew he’d been

Photo by Victor J. Blue (Bloomberg)

Uber Made an Unusual Legal Pledge to the Head of Its Driverless Car Project

By Joel Rosenblatt, Bloomberg News Uber made an unusual commitment to the engineer it hired to lead its driverless car project: It would cover the costs of legal actions against him over information stored in his head from his previous job at Waymo. That promise — buried in the fine print of an otherwise straightforward

A bag of Syngenta AG Golden Harvest brand corn seed sits on a vehicle. Photographer: Daniel Acker/Bloomberg

Syngenta Loses $218 Million Verdict in First GMO Trial Test

By Margaret Cronin Fisk and Tim Bross, Bloomberg News Syngenta AG was ordered to pay $217.7 million to a group of Kansas farmers who claimed the company carelessly marketed its genetically modified corn seed, causing contamination of U.S. crops and a rejection of export sales to China by officials there. A Kansas jury issued the

Photo by Andrew Harrer/Bloomberg

Uber Said to Hire Law Firm O’Melveny & Myers on India Rape Case

By Eric Newcomer, Bloomberg News Uber Technologies Inc. has hired the law firm O’Melveny & Myers to conduct internal fact-finding and handle any litigation in the San Francisco-based company’s defense in a civil suit brought by a woman who was raped by an Uber driver in India, a person familiar said. Eric Alexander, Uber’s former

A sign hangs outside a Barclays Plc bank branch, opposite the Royal Courts of Justice, in London, U.K., on Tuesday, June 20, 2017. Barclays Plc and four former executives were charged with conspiracy to commit fraud during the bank’s 2008 capital raising from Qatar as it sought to avoid a bailout amid one of the most turbulent periods in financial history. Photographer: Luke MacGregor/Bloomberg

Barclays Qatar Case Bright Light Amid Bleak Future for SFO

By Suzi Ring, Bloomberg News A U.K. Serious Fraud Office decision to charge Barclays Plc and four of its former executives this week could be a last hurrah for the embattled agency, targeted for closure by the Prime Minister. The SFO charged Barclays along with former Chief Executive Officer John Varley, former chairman of investment

Photo by Andrew Harrer/Bloomberg

DraftKings’ Planned Merger With FanDuel Faces Challenge by U.S.

By Sara Forden, Bloomberg News The proposed merger between fantasy sports rivals DraftKings Inc. and FanDuel Inc. is facing a challenge from the Federal Trade Commission and the attorneys general of California and Washington, who say the combined company would control more than 90 percent of the U.S. market for paid daily fantasy sports. “This

An illuminated sign hangs above an entrance to the UBS Group AG headquarters in Zurich, Switzerland, on Saturday, Dec. 24, 2016. Photographer: Michele Limina/Bloomberg

Ex-UBS Compliance Officer in Court on $1.8 Million Insider Case

By Suzi Ring, Bloomberg News A former UBS Group AG compliance officer and a day trader charged by U.K. regulators with insider trading appeared in a London court for the first time to face allegations that they made 1.4 million pounds (1.8 million) illegally trading shares of Elizabeth Arden Inc. and four other companies. Fabiana Abdel-Malek,