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The ex-CFO of American Realty Capital Properties spent Tuesday afternoon on his heels in his New York federal fraud trial, telling the jury that he changed the number of shares used to calculate a key metric to “harmonize” a method change with previously reported information.
SunEdison Inc. on Monday blasted two former executives with pending whistleblower claims against the bankrupt green energy giant for objecting to a proposed $32 million settlement with unsecured creditors, urging a New York bankruptcy court to overrule their objections and approve the deal.
Jury selection dragged on for a second day in the securities fraud trial of former pharmaceutical executive Martin Shkreli without any jurors making it to the final panel, while Shkreli's lead attorney moved for a mistrial, saying on Tuesday that a barrage of negative press coverage left the jury selection process "irreparably tainted."
A New York federal judge sent a Lyft user’s proposed class action alleging the ride-hailing app unlawfully charges inflated toll prices to arbitration Tuesday, citing an arbitration agreement included in an updated terms of service contract the user accepted after the suit was filed.
Two companies hailing from the U.K. and Luxembourg on Tuesday obtained a New York federal court's blessing of a more than €128 million arbitral award, which they won from a World Bank tribunal following a dispute with Spain over renewable energy subsidies.