Ericsson pleads guilty to federal bribery, will pay a $206M fine
The decision comes after the Swedish company violated a 2019 deferred prosecution agreement (DPA) with the US Department of Justice (DoJ). The company was found to have withheld evidence involving misconduct in several foreign states and failed to provide prompt and sufficient information regarding... Read more
Ingram Micro files to go public
Ingram Micro has submitted an initial public offering (IPO) statement to the US Securities and Exchange Commission.
In a press release, Ingram Micro announced that the number and prices of shares have not yet been established. Subject to market conditions and other circumstances, the initial p... Read more
IBM under investigation for alleged fraud scheme that paid executives
IBM's Board of Directors is investigating an alleged fraud scheme spanning from 2017 to 2021. Executives allegedly manipulated sales figures to claim higher bonuses. Shareholders pressure the board to resolve the case.
A group of shareholders and six law firms pressure IBM to find out whether f... Read more
Switch sued by investors over misinforming on $11 billion merger
Investors are suing data center operator Switch for failing to disclose important financial information when pursuing an $11 billion merger with DigitalBridge Group and IFM Investors.
Shareholders Marc Waterman and Denise Redfield filed two separate lawsuits in the Federal Court in New York la... Read more
Nvidia fined €5.2 million for lying about revenue
Cryptominers are a bigger source of revenue than Nvidia cared to admit.
The US Securities and Exchange Commission (SEC) supervises markets in the United States. The SEC enforces several laws, including rules on communications between shareholders and organizations. Organizations must communicate... Read more