Tag Archives: sue

Shareholders sue Australia’s Crown Resorts over China marketing

SYDNEY (Reuters) – Australian casino operator Crown Resorts Ltd (CWN.AX) was slapped with a class action lawsuit on Monday for allegedly failing to inform shareholders of a marketing campaign in China that resulted in staff arrests and a slump in the share price. FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex ... Read More »

Austria to sue Airbus over Eurofighter contract

Austria is to sue Airbus and the Eurofighter consortium over a 2 billion-euro (£1.7bn) deal to buy Typhoon warplanes. Its defence ministry said that following an investigation it believed Austria had been misled over the purchase price. It could sue the two companies for 1.1bn euros, it said. Airbus said the allegations had taken it by surprise and that it ... Read More »

Hanjin: Final curtain falls on shipping saga

Hanjin Shipping used to be one of the world’s top 10 shipping companies. But now, the final curtain has fallen. This Friday, the firm was declared bankrupt by a South Korean court after months of uncertainty. Hanjin’s collapse is the largest to hit the shipping sector and it sent shockwaves through the industry. What went wrong? For years, the global ... Read More »

French government to sue Carrefour over big supplier discounts

The French government said on Wednesday it was taking retail giant Carrefour (CARR.PA) to court for illegally seeking big discounts from suppliers, following an investigation. The Economy Ministry said it would seek a fine and a court order on the world’s second-biggest retailer to stop what it described as “abusive commercial practices”. It added that the investigation had found that ... Read More »