Allianz to pay $6 billion in US fraud case, fund manager charged

Allianz to pay $6 billion in US fraud case, fund manager charged

NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its US asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the US Department of Justice and US Securities and … Read more

Johnny Depp’s attorneys challenge Amber Heard on abuse claims

Johnny Depp's attorneys challenge Amber Heard on abuse claims

May 16 (Reuters) – Attorneys for actor Johnny Depp began their questioning of Amber Heard in the couple’s defamation trial on Monday and challenged the “Aquaman” star’s claims that she suffered physical abuse before and during their brief marriage. Depp’s attorneys introduced photographs of Heard making public appearances on red carpets and “The James Corden … Read more

Explainer: Some patients reporting COVID rebounds after taking Pfizer pills

Explainer: Some patients reporting COVID rebounds after taking Pfizer pills

May 11 (Reuters) – More than 2.8 million courses of Pfizer Inc’s (PFE.N) COVID-19 oral antiviral treatment Paxlovid have been made available at pharmacies around the United States, with the Biden administration working to improve access to the drug. As Paxlovid has become more widely used, some patients have reported that COVID-19 symptoms recurred after … Read more

Explainer: Can Elon Musk renegotiate a lower price for his Twitter deal?

Explainer: Can Elon Musk renegotiate a lower price for his Twitter deal?

May 11 (Reuters) – Twitter Inc (TWTR.N) shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion on April 25, raising questions over whether the world’s richest person will try to renegotiate the deal. On Tuesday, the implied probability of the deal closing … Read more

Celebrity chef Mario Batali acquitted of sexually assaulting woman in Boston

Celebrity chef Mario Batali acquitted of sexually assaulting woman in Boston

BOSTON, May 10 (Reuters) – Chief Mario Batali was acquitted on Tuesday of sexually assaulting a woman at a Boston bar in 2017 while posing with her for fan “selfie” photos, with the judge doubting the credibility of the accuser in the latest # MeToo era trial involving a US celebrity accused of misconduct toward … Read more