Articles by Luc Cohen

Jury Again Finds NY Times Not Liable in Sarah Palin Defamation Case

A federal jury in Manhattan on Tuesday found the New York Times NYT.N not liable for allegedly defaming Sarah Palin in a 2017 editorial about gun control, dealing the former Republican U.S. vice presidential candidate a second loss at trial. …

DEI Purge Drives 34% Drop in Pro-ESG Investor Proposals

President Donald Trump’s crackdown on diversity, equity and inclusion helped prompt a plunge in shareholder resolutions from progressive investors that typically push companies on social reform. Motions filed by groups in favor of environmental, social and governance policies dropped 34% …

Suspect in Killing of UnitedHealth Executive Faces Federal Murder Charge

The suspect in the killing of UnitedHealth Group UNH.N executive Brian Thompson is being charged with federal murder and stalking crimes, according to a court document filed on Thursday, alongside state murder and terrorism charges previously announced by New York …

Appellate Judges Skeptical of New York Civil Fraud Case Against Trump

Appeals court judges signaled skepticism on Thursday toward the civil fraud case brought by New York state against Donald Trump as the former president asked them to toss a nearly half-billion dollar judgment against him over real estate business practices …

Former Allianz Employee Pleads Guilty to Fraud Over $7-Billion Funds Collapse

A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the pandemic that caused an estimated $7 billion of investor losses. Gregoire Tournant, 57, of Basalt, Colorado, admitted to …

Trump Has Failed to Get Appeal Bond for $454M Civil Fraud Judgment, Lawyers Say

Donald Trump’s efforts to secure a bond to cover a $454 million judgment in a New York civil fraud case has been rejected by 30 surety companies, his lawyers said on Monday, inching him closer to the possibility of having …

Ex-Crypto Mogul Sam Bankman-Fried Convicted of Multi-Billion Dollar FTX Fraud

FTX founder Sam Bankman-Fried was found guilty Nov. 2 of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall from grace. A 12-member …

Bankman-Fried Acknowledges ‘Mistakes’ But Testifies He Did Not Defraud Anyone

Sam Bankman-Fried, testifying in his own defense at his fraud trial on Friday, acknowledged that a “lot of people got hurt” when the FTX cryptocurrency exchange he founded collapsed, but said he did not defraud anyone or take customer funds. …

Bankman-Fried Could Take Stand at Fraud Trial Over FTX Collapse

Sam Bankman-Fried could take the stand at his fraud trial as soon as Thursday, when prosecutors are set to finish presenting their case accusing the founder of now-bankrupt cryptocurrency exchange FTX of stealing billions of dollars from customers. Defense lawyer …

Sam Bankman-Fried’s Lawyer Says FTX Investments Were Not ‘Reckless’

FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,” pushing back against testimony by a former executive who called its spending on marketing and celebrity endorsements excessive. Nishad Singh, FTX’s former …