Search Results for: shareholders

In his epochal, controversial and highly polarizing essay, “The Social Responsibility of Business Is To Increase Its Profits,” published in the New York Times Magazine some 70 years ago, Nobel Prize-winning economist Milton Friedman argued against the social responsibility of businesses, and explicitly declared that “the business of business is business.” The shareholder value theory of the [...]

California’s Department of Fair Employment Housing (DFEH) Monday announced a settlement to resolve allegations of systemic gender discrimination and harassment by Riot Games, a popular game developer and publisher in the US market. In 2018, former employees Melanie McCracken and Jess Negrón filed a class-action lawsuit against the company before the Los Angeles County Superior [...]

On Wednesday, Pinterest settled a shareholder lawsuit alleging that its top executives enabled racial and gender discrimination in the company. In the past year, many former employees of the popular image-sharing social media service reported unequal payment and treatment of women and people of color. The shareholder lawsuit was filed in November 2020 against top [...]

Shareholders filed a class action lawsuit against Meta (formerly Facebook) in the US District Court for the Northern District of California on Monday. The lawsuit is based on recent claims by Facebook whistleblower Frances Haugen, who revealed that Facebook continued to implement techniques to increase engagement with young people after internal research revealed that those [...]

When it comes to the performances of companies and financial markets around the world, the influences of climate change and social issues cannot be understated. Toward this end, investors are increasingly prioritizing environmental, social, and governance (ESG) factors, with climate change broadly understood to be among the most imminent threats. The U.S. Securities and Exchange [...]

The Supreme Court of the Netherlands overturned judgments of the The Hague Court of Appeal on Friday. The judgments — dated September 25 of 2018 and February 18 of 2020 — ordered Russia to pay $50 billion as part of an arbitration award to shareholders of Yukos. Yukos was a Russian company engaged in oil [...]

JURIST EXCLUSIVE – Law students and lawyers in Afghanistan are filing reports with JURIST on the situation there after the Taliban takeover. Here, a Staff Correspondent for JURIST in Kabul offers observations on the current posture of Afghanistan’s troubled banking system under the Taliban. For privacy and security reasons we are withholding his name and [...]

Lufthansa and easyJet have gained backing from the EU General Court for their acquisitions of insolvent German carrier Air Berlin’s assets four years ago. In 2016, Air Berlin implemented a restructuring plan that included entering an agreement with Lufthansa in order to sublet aircraft and crew. However, the loss of financial support loans granted to [...]

China’s Ministry of Commerce and the National Development and Reform Commission have introduced a proposed regulation seeking to restrict the activities that privately funded media sources can undertake. The regulation—the 2021 version of the “Negative List of Market Access”—covers activities ranging from agriculture and aviation to education, media, and the financial industry. The regulation classifies [...]

JURIST EXCLUSIVE – Law students and lawyers in Afghanistan are filing reports with JURIST on the situation there after the fall of Kabul to the Taliban. Here, a lawyer in Kabul offers his observations and perspective on new internal security measures by the new regime and ongoing issues relating to the operation of Afghan banks. [...]