settlement

JERUSALEM | Israel postpones decision on church lands bill

JERUSALEM — Israel has postponed discussion on a bill that would allow the state to seize church lands that have been sold to private developers. Under pressure from church leaders, the Israeli government on Sunday froze debate on the contentious bill. Israel’s churches have repeatedly blocked the legislation, claiming it could allow Israel to expropriate … Continue reading JERUSALEM | Israel postpones decision on church lands bill

MILAN | Iran sanctions, Turkish write-down hit UniCredit profit

MILAN— The Italian bank UniCredit said Thursday that third-quarter profits dropped 99 percent due to one-off provisions to cover any settlement for alleged U.S. sanctions violations in Iran and a write-down on its Turkish unit. Net profits fell to 29 million euros ($33 million), from 2.8 billion euros in the same period last year. It … Continue reading MILAN | Iran sanctions, Turkish write-down hit UniCredit profit

SEC News: SEC Charges ITG With Misleading Dark Pool Subscribers

WASHINGTON, DC – The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities Inc. have agreed to pay $12 million to settle charges arising from ITG’s misstatements and omissions about the operation of the firm’s dark pool, POSIT, and ITG’s failure to establish adequate safeguards and procedures to protect POSIT subscribers’ … Continue reading SEC News: SEC Charges ITG With Misleading Dark Pool Subscribers

HAGATNA, Guam | Guam Catholic church to file bankruptcy amid abuse lawsuits

HAGATNA, Guam— Guam’s Catholic church will file for bankruptcy — a move that will allow the archdiocese to avoid trial in dozens of lawsuits alleging child sexual abuse by priests and move toward settlements. Archbishop Michael Byrnes announced Wednesday that mediation efforts that began in September led the church to bankruptcy. “This path will bring … Continue reading HAGATNA, Guam | Guam Catholic church to file bankruptcy amid abuse lawsuits

MILAN  | Fiat Chrysler profits hit by charges for diesel probe

MILAN  — Fiat Chrysler Automobiles is reporting a nearly 40 percent drop in third-quarter profits due to one-off charges to cover possible payments in a U.S. diesel probe. The Italian-American car company on Tuesday reported a net profit of 564 million euros ($641 million), compared with 910 million euros in the same period last year. … Continue reading MILAN  | Fiat Chrysler profits hit by charges for diesel probe

SEC News: SEC Announces $23.8 Million Settlement with the Self-Proclaimed “Frack Master”, Christopher A. Faulkner

WASHINGTON – The Securities and Exchange Commission Tuesday announced it has agreed to a settlement with Christopher A. Faulkner—the self-proclaimed “Frack Master”—in connection with his wide-ranging securities-fraud scheme that raised over $80 million from hundreds of investors nationwide.  Faulkner has simultaneously entered into a plea agreement relating to the same misconduct under which he will … Continue reading SEC News: SEC Announces $23.8 Million Settlement with the Self-Proclaimed “Frack Master”, Christopher A. Faulkner

LOS ANGELES | Judge: Michael Avenatti must pay $4.85M in ex-lawyer’s suit

LOS ANGELES— A California judge on Monday ordered Stormy Daniels’ lawyer Michael Avenatti to pay $4.85 million to an attorney at his former law firm, the first time the potential presidential candidate is being held personally liable in the case. Los Angeles Superior Court Judge Dennis Landin issued the ruling after turning down a request … Continue reading LOS ANGELES | Judge: Michael Avenatti must pay $4.85M in ex-lawyer’s suit

WASHINGTON | Judge: Michael Avenatti must pay $4.85 in ex-lawyer’s suit

WASHINGTON— A California judge has ordered Stormy Daniels’ lawyer Michael Avenatti to pay $4.85 million to an attorney at his former law firm. The ruling was issued Monday in Los Angeles County Superior Court. Avenatti didn’t attending the court proceeding. The judge said Avenatti must pay the money because he personally guaranteed a settlement with … Continue reading WASHINGTON | Judge: Michael Avenatti must pay $4.85 in ex-lawyer’s suit