Welcome!
lawsuit
Healthcare
US fund sues IHH Healthcare for US$6.5 bil; IHH to 'vigorously' defend against claims
Shares in IHH closed 1 cent lower or 0.45% down at $2.20 on Jan 5.
January 05, 2022
Company in the news
Raffles Education receives legal letter from Oei Hong Leong
Raffles Education says it intends to defend the originating summons “vigorously”.
October 01, 2020
Tech
Instagram faces lawsuit on alleged illegal harvesting of users' biometric data
In the new lawsuit, filed Monday in state court in Redwood City, California, the company is accused of collecting, storing and profiting from the biometric data of more than 100 million Instagram users, without their knowledge or consent.
August 12, 2020
Corporate moves
Acesian’s Loh buys shares from substantial shareholder; earnings improve but lawsuits remain
SINGAPORE (Apt 15): Kelvin Kwok Ying Choy, a substantial shareholder of Acesian Partners, has sold more than 22.5 million of his shares to Loh Yih, who is among the company’s larger shareholders.
April 15, 2019
Malaysia
Disney sued for derailing Fox World theme park at Genting
(Nov 27): Walt Disney and 21st Century Fox were sued by the owner of Malaysia’s only casino resort for pulling out of an agreement to sponsor a Fox World theme park outside Kuala Lumpur.
November 27, 2018
Management & Corporate Governance
SEC sues Musk and seeks ban for his tweets on go-private deal
(Sept 28): Elon Musk is in jeopardy of losing control over the electric-car company he founded, with the Securities and Exchange Commission suing the billionaire for his explosive August tweet about taking Tesla Inc private.
September 28, 2018
In print this week
What does Iceberg's Vagner have to say about Noble's restructuring?
SINGAPORE (Aug 17): Arnaud Vagner was fired from his position as senior credit analyst at commodity trader Noble Group in June 2013 and it was only after he left that he began to take a closer look at Noble’s financials, uncovering misrepresentations in
August 17, 2018
Management & Corporate Governance
Asiatravel.com faces suspension of travel agent licence; non-executive director resigns
SINGAPORE (July 17): Asiatravel.com Holdings announced Tuesday that it has received a notice of intent from the Singapore Tourism Board (STB) on July 13 to suspend its travel agent licence for six months.
July 17, 2018
Singapore, India Exchanges are said to abandon trade link talks
(May 28): Singapore Exchange and National Stock Exchange of India have abandoned talks on a cross-border trading link, according to people familiar with the matter, amid a bitter court battle that’s soured an 18-year partnership.
May 28, 2018
Management & Corporate Governance
Jilin Midas Aluminium Industries put under judicial management
SINGAPORE (Apr 16): Midas says a court application has been filed against Jilin Midas Aluminium Industries (Jilin Midas) in China on Apr 2 by a lender called Yu Song.
April 16, 2018