March 21, 2024
FTX CEO Slams Bankman-Fried’s ‘Nonexistent’ Remorse
FTX’s CEO says Sam Bankman-Fried’s deception didn’t stop with his fraud conviction. In a victim impact statement filed Wednesday (March 20) ahead of Bankman-Fried’s sentencing next week, FTX chief executive...
March 20, 2024
Sam Bankman-Fried’s Defense Team Says Prosecutors’ Proposed Sentence Is ‘Medieval’
Sam Bankman-Fried’s defense team said Tuesday (March 19) that the prosecution’s proposed 40- to 50-year prison sentence is based on a “distorted” narrative and a “medieval” view of punishment. The...
March 19, 2024
Regulating Data Protection in Cloud Computing
The ever-growing adoption of cloud-based solutions by businesses brings with it a number of compliance challenges, not the least of which are those related to data protection law. Ranging from...
March 18, 2024
Distressed Assets Buyer Attestor Battles Over FTX Claim
London-based financial firm Attestor is in a legal battle involving the bankruptcy of FTX. Attestor, known for its expertise in investing in distressed assets, bought FTX’s distressed assets at low prices, a...
March 15, 2024
Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of massive fraud. Bankman-Fried, who was found...
March 14, 2024
Lufthansa Faces Setback as Court Overturns EU Approval of State...
In a blow to Lufthansa, the second-highest court in Europe ruled in favor of Ryanair, annulling a decision by the European Union competition regulator to clear Lufthansa’s state bailout. The...
March 13, 2024
Italian Retail Giant Cisalfa to Rescue Bankrupt SportScheck
In a move set to reshape the landscape of European sports retail, Italy’s leading sports retailer, Cisalfa, has inked a deal to acquire the struggling Munich-based chain SportScheck out of...
March 12, 2024
Allbirds Closing Stores as Retailers Feel the Burn of Shopper...
Not long after touting its brick-and-mortar expansion, footwear brand Allbirds is becoming the latest merchant to shutter stores — a move that comes as consumers’ budgeting behavior amid financial challenges...
March 11, 2024
Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
It’s said that those who don’t learn from history are doomed to repeat it. The spectacular flameout of Silicon Valley Bank (and other banks subsequently), happened March 10, 2023, which seems long...