Nov 23, 2024

Vishal Sikka Resigns: Infosys Board Didn’t Trigger His Exit to Cause Losses, US Investors’ Class Action Suit Will Fail

A few US institutional investors are planning to file a class action suit against the board of Directors of Infosys Technologies Ltd (Infosys) which is in the eye of a storm following resignation by its CEO cum MD Vishal Sikka. Infosys is listed both in India and in the USA. The US listing became necessary after Infosys raised capital through public issue made there in the form of American …


On Social Media, Not All Speech Is Free

Got a neat photo you want to post on Instagram? Can’t wait to share a joke about someone on your Facebook page? Angry over a botched brake job and anxious to spout off about it? You might want to think twice before you post. Just ask Jahmel Binion, the local man who sued NBA great Shaquille O’Neal three years ago for mocking his rare medical condition, ectodermal dysplasia, in an online post. “I was just shocked,” Binion, 26, said about the posting, which included …


Joel Silver Sued Over Assistant’s Death in Bora Bora

Joel Silver, his company Silver Pictures, and its employee Martin Herold have all been named in a lawsuit regarding the death of Silver’s former personal assistant, Carmel Musgrove. The suit, filed by Musgrove’s estate and parents, is suing all three parties for wrongful death. Musgrove was found dead at age 28 on a beach in Bora Bora during a star-studded trip to the island hot spot in 2015.


ALA at Risk for Higher Insurance Premiums

According to an insurance agent familiar with commercial insurance, due to a rash of recent lawsuits and settlement the Arrowhead Lake Association is at risk of increasing insurance premiums, having fewer choices and/or the inability to find insurance coverage. According to court records obtained by The Alpenhorn News, the Arrowhead Lake Association (ALA) has had seven lawsuits filed …


Teen Prostitute Who ‘Slept With Dozens of Cops’ Underage Sues Police

The teenage prostitute at the heart of a police sex scandal that rocked the Oakland police force has sued a second police department in California. Jasmin Abuslin, now 19, filed a lawsuit against Richmond, California on Thursday, claiming that officers on the city’s police force traded police protection for sex while she was underage. Abuslin, the daughter of a police dispatcher, was awarded …


Class-Action Trouble for Infosys?

There is always a huge cost to pay if you wash your dirty linen in public. If the cost were to come in the form of class-action suits, it could turn even more expensive. A class-action suit now seems inevitable given what happened at Infosys this past week.


Sierra Club Files Lawsuit Against Oklahoma’s $100 Electric Car Fee

Oklahoma hopes to correct a budget shortfall by enacting an electric car fee, but a lawsuit against the state asserts that proper procedures for such a tax were not followed.

Oklahoma’s Sierra Club Chapter isn’t happy about the recent proposed $100 fee for electric vehicles, and an additional $30 registration fee, which won’t be instated for gasoline and diesel engines. Of course, the environmental organization may move to battle anything that gets in the way of EV adoption or fails to note its benefits. Director of the organization’s Oklahoma chapter, Johnson Bridgewater, said in an interview: …


A Day After Vishal Sikka’s Exit as CEO, 3 US Law Firms File Suits Against Infosys

At least three US-based law firms sent out statements on Saturday saying they would initiate class-action lawsuits against Infosys for unlawful business practices, an exercise that is not uncommon with US-listed companies every time they go through a change, especially in the case of mergers and acquisitions. A day after Infosys chief executive Vishal Sikka stepped down from his role at India’s …



You Could Be Entitled to $300 if You Received This Spam Call. Here’s How to Check

The most effective way to fight telemarketers? Sue them and force a settlement—one worth up to $12.5 million. A Chicago judge approved a settlement last month that forces Carnival, Norwegian, Royal Caribbean, and a marketing company that worked with them to pay up for spamming people with pre-recorded telemarketing calls that promoted the cruise lines.