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KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure

KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley & Co. in an investor lawsuit based on alleged misstatements leading to the bank’s collapse. Similar …

Massachusetts Grapples With Letting Judges Order Mental Health Care

When Ashoke and Vinita Rampuria’s son returned home after taking a year off from college, to complete his course work, he didn’t seem like himself. “He was unable to complete tasks. He was lying on the sofa,” said Ashoke Rampuria, …

Maryland Lawmakers Approve Bill to Remove Time Limit on Child Sex Abuse Suits

Maryland lawmakers have passed a bill to end the state’s statute limiting when civil lawsuits over child sex abuse can be filed against public and private entities. Under the Child Victims Act of 2023, actions for damages arising out of …

Western Australia Could Be Hit by Biggest Cyclone in Almost a Decade

Western Australia could be hit by the largest cyclone in almost a decade this week, with the weather system predicted to cross the coast near a major export port for iron ore that’s to be cleared of vessels. Tropical Cyclone …

Driving School Owner Pleads Guilty to License Bribery Scheme

The owner of a Massachusetts driving school has pleaded guilty to bribing a road test examiner to issue driver’s licenses to individuals who did not pass, or even take road tests at the Registry of Motor Vehicles (RMV) in Brockton. …

UK’s Confederation of British Industry Fires Director General After Probe of Complaints

The Confederation of British Industry said it had fired its director-general Tony Danker and suspended three others after an investigation into complaints of workplace misconduct at the leading business group. One of Britain’s best-known business organizations, the CBI said it …

Fox News Settles With Venezuelan Businessman in Election Defamation Lawsuit

Fox News said on Sunday it has reached a settlement with a Venezuelan businessman Majed Khalil, ending a defamation case in which Khalil said he was falsely accused on air of helping to rig the 2020 U.S. presidential election against …

UK’s FCA Hires More Than 150 Staff for Data Unit to Ramp Up Tech Capabilities

The UK’s Financial Conduct Authority hired more than 150 people into its Data, Technology and Innovation division in the past year as the regulator looks to ramp up its tech capabilities. The hires are part of FCA’s attempts to use …

People Moves: Travelers Names Duncan President of Northfield; Kapoor SVP at NFP; Starr Insurance Hires Shannon Sr. Investment Officer

Travelers Names Duncan President of Northfield Excess & Surplus Travelers has named Marsh Duncan its new president of Northfield Excess & Surplus, a specialty division. Marsh will oversee Northfield’s current business while identifying new areas for growth. Before joining the …

States Consider Ban on Cosmetics With ‘Forever Chemicals’

A growing number of state legislatures are considering bans on cosmetics and other consumer products that contain a group of synthetic, potentially harmful chemicals known as PFAS. In Vermont, the state Senate gave final approval this week to legislation that …

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