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TOP NEWS
INTELLECTUAL PROPERTY
EMPLOYMENT
BENEFITS
SECURITIES & WHITE COLLAR
Swim Training Co.'s IPO Was Pump-And-Dump, Suit Says
By Sydney Price
Singapore swim-school operator Fitness Champs Holdings Ltd. was hit with a proposed class action accusing it of concealing a social media-driven "pump-and-dump" scheme in which stock promoters posed as financial advisers to hype the stock through online forums, destroying the company's market capitalization after the shares were dumped.
Complaint attached |
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COMPETITION
MERGERS & ACQUISITIONS
BANKING
Credit Agricole's Hedging Strategy Cost Investors, Suit Says
By Katryna Perera
Credit Agricole Group has been hit with a suit in New York federal court alleging that the French bank engaged in a yearslong scheme to fraudulently induce two clients into a trading strategy it deemed the "perfect hedge" against certain market risks, when in reality, the strategy created hidden liabilities, forced liquidations and tens of millions of dollars in damages.
Complaint attached |
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EXPERT ANALYSIS
LEGAL INDUSTRY
Black McDermott Atty Says White Men Favored For Partner
By Lauren Berg
A Black female McDermott Will & Schulte attorney accused the firm of gender, race and pregnancy discrimination in a lawsuit lodged in California state court, saying she has been consistently bypassed for promotion by less-experienced white attorneys and was yanked off casework after taking medical leave following a life-threatening illness during pregnancy.
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