Legal & Regulatory
Archegos Founder Bill Hwang Found Guilty of Securities Fraud
Defunct hedge fund firm Archegos Capital Management founder Bill Hwang has been found guilty of securities and market manipulation fraud which prosecutors claimed cost global investment banks billions.
Australian State Requires Retailers to Close for Anzac Day, Retailers Slam Decision
The Australian state of New South Wales announced that general retail trade would be closed for the entirety of April 25 every year in commemoration of Anzac Day.
Elon Musk Wins the $500 Million Severance Lawsuit Filed by Terminated Twitter Employees
Elon Musk was held not liable for failing to pay at least $500 million in severance to thousands of Twitter employees he laid off after buying the firm.
Chinese Report Claims Fuel Trucks Used to Transport Cooking Oil
Chinese authorities are reviewing an investigative report which alleged the practice of using fuel tankers to carry cooking oil, rocking the country into a major food safety scandal.