Accreditor Says Lumber Org. Can't Sue On Behalf Of Members
By Alyssa Aquino
An accreditation body told a Florida federal judge Thursday that a domestic
plywood association lacked standing to sue over a purported counterfeiting
scam allegedly allowing large amounts of substandard Brazilian plywood to
enter the U.S.
Motion attached | Read full article » | Save to favorites »
https://www.law360.com/competition/articles/1704823?nl_pk=2063be2d-1a29-43b…
Syneos Health Covered Up COVID-19 Turmoil, Investor Says
By Henrik Nilsson
A Syneos Health Inc. shareholder alleges the company's leadership lied
about its booming business during the COVID-19 pandemic when, in reality, a
series of poor decisions caused the business to flounder, according to a
proposed securities class action filed in New York federal court.
Complaint attached | Read full article » | Save to favorites »
https://www.law360.com/mergersacquisitions/articles/1705259?nl_pk=8bba16ad-…
Judiciary Committee Accuses Khan Of Obstructing FTC Probe
By Bryan Koenig
House Judiciary Committee Chairman Jim Jordan, R-Ohio, further escalated an
ongoing dispute with the Federal Trade Commission in a pair of letters
Friday accusing Chair Lina M. Khan of obstructing an oversight probe and
raising the specter of ethics concerns around one of her fellow
commissioners.
2 documents attached | Read full article » | Save to favorites »
https://www.law360.com/mergersacquisitions/articles/1705287?nl_pk=8bba16ad-…
Euronext To Launch €200M Share Buyback Program
By Irene Madongo
Pan-European stock exchange Euronext has announced plans to return up to
€200 million ($220 million) to shareholders through a buyback program as it
reported a drop in profits in its latest quarterly results.
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https://www.law360.co.uk/financial-services-uk/articles/1704923?nl_pk=4fb41…
NatWest Announces £500M Buyback As Profits Soar
By Irene Madongo
Banking giant NatWest Group PLC on Friday announced plans to begin a £500
million ($644 million) share repurchase program within months as it
reported a boom in profits.
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https://www.law360.co.uk/financial-services-uk/articles/1704926?nl_pk=4fb41…
Standard Chartered Launches $1B Buyback
By Tom Fish
Standard Chartered PLC said Friday it will pay out $1 billion to
shareholders, as the multinational lender posted strong financial results
for the first half of the year, including a 29% increase in profits.
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https://www.law360.co.uk/financial-services-uk/articles/1704937?nl_pk=4fb41…
DLA Piper Loses Bid To Shield Investment Scheme Docs
By Lucia Osborne-Crowley
DLA Piper lost its bid on Friday to shield documents relating to an
investment scheme from disclosure, in a case dealing with the alleged
mismanagement of client funds, with the London judge saying that potential
underlying fraud nullifies lawyer-client privilege.
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https://www.law360.co.uk/financial-services-uk/articles/1704990?nl_pk=4fb41…
FCA Secures Confiscation Order Against Convicted Launderer
By Najiyya Budaly
The Financial Conduct Authority said Friday that it has secured a
confiscation order against former stockbroker Richard Faithfull as it seeks
to return cash to his victims after he laundered £2.6 million ($3.3
million) of stolen money from an international network of boiler-room
frauds.
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https://www.law360.co.uk/financial-services-uk/articles/1704967?nl_pk=4fb41…
Firms Need More FCA Help Complying With Consumer Duty
By Alex Davidson
The City watchdog's landmark consumer protection regime for financial
services launches Monday after months of compliance warnings that it will
intervene firmly where businesses get it wrong. And now lawyers are
worrying that many of the companies risk early enforcement action unless
the Financial Conduct Authority helps to clear up ambiguities buried in the
new rulebook.
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https://www.law360.co.uk/financial-services-uk/articles/1704942?nl_pk=4fb41…
NatWest Launches Investigation Into Farage Account Closure
By Alex Davidson
NatWest Group PLC said Friday that it has appointed law firm Travers Smith
LLP to conduct an independent review into why a subsidiary closed the
account of former politician Nigel Farage, in line with expectations set
out by the Financial Conduct Authority.
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https://www.law360.co.uk/financial-services-uk/articles/1704947?nl_pk=4fb41…
