The Second Circuit on Friday sent a putative class action against fintech company Klarna Inc. to arbitration, reversing a district court's ruling after finding the plaintiff had "reasonably conspicuous notice" of the company's terms and conditions, which include a mandatory arbitration provision for disputes.
During continued testimony in New York federal court on Tuesday, Robert De Niro spoke directly to his former employee's claims of gender discrimination and called out the plaintiff from the witness stand, saying she should be ashamed of herself for some of the suit's more colorful allegations.
The Second Circuit has vacated a district court's disgorgement order against the founder of an industrial manufacturer who allegedly diverted more than $7.3 million of investor funds from his company to his private accounts, saying the lower court got it wrong when it failed to credit the value of his surrendered securities against the disgorgement award and did not find that the defrauded investors were harmed to justify additional disgorgement.
Robert De Niro took the witness stand in New York federal court on Monday to defend himself against gender discrimination and wage claims brought by Graham Chase Robinson, a former executive of his production company, after an attorney for the plaintiff said during opening arguments that there was "no employee more loyal" to the actor.
A proposed class of Lucid Group Inc. investors has urged the Ninth Circuit to revive their suit alleging the electric-vehicle company duped them in relation to its $11 billion merger with a special-purpose acquisition company, arguing that a California federal court erred by creating a "bright-line test" to determine if the suit's alleged misstatements were material to shareholders.