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Dechert may face UK lawsuit over Indian hacking claim


5 Min Read
(Reuters) - An Iranian-American businessman wants to sue U.S. law firm Dechert over allegations of hacking, seeking a London court’s approval to add it as a defendant in a long-simmering dispute with the Ras Al Khaimah Investment Authority (RAKIA).
Signage is seen outside of the law firm Dechert LLP in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly
Aviation tycoon Farhad Azima alleges that a former partner at the Philadelphia-based law firm helped direct Indian hackers to steal his emails as his relationship with RAKIA soured over a pair of botched business deals.
Missouri-based Azima says RAKIA, a Dechert client, used the stolen emails to win a $4 million-plus fraud judgment against him in British court. The judge in that case said last year that Azima hadn’t proven his hacking allegations, but a UK appeals court ruled in March that Azima could retry his claims, citing new evidence linking the cyberespionage campaign to two Indian com ....

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German automakers rule the US luxury market. Genesis is determined to change that


Genesis
(NEW YORK) The sleek silhouette was breathtaking: A long clamshell hood that appeared to go on indefinitely. An interior swathed in upcycled, sustainable materials. A futuristic dashboard connected to a “floating” center console.
The automotive work of art could have been German. Or British. The clue that gave it away: A shield-shaped Crest Grille.
Genesis, the luxury vehicle division of Korean automaker Hyundai, was sending a veiled message to its competitors with the Genesis X Concept, a chic, high performance electric GT the marque debuted on March 30.
Over the last two years, Genesis has been busy racking up industry awards and earning praise from the automotive community as it rapidly rolls out new models. U.S. consumers, who tend to be brand loyal, are only starting to take notice of Genesis. But the inveterate leaders in the highly competitive space BMW, Mercedes, Lexus and Audi are bracing for a protracted fight. ....

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