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Deutsche Bank shares up 4% after settlement of major Postbank acquisition lawsuit

Deutsche Bank shares up 4% after settlement of major Postbank acquisition lawsuit

Associated media - Related media Deutsche Bank has successfully negotiated settlements with approximately 60 percent of claimants in a protracted legal battle concerning allegations that it undervalued its acquisition of Postbank. This acquisition occurred over ten years ago. In a recent announcement, Deutsche Bank disclosed that it had finalized settlements with over 80 claimants at a rate of 31 euros ($34.53) per share, as initially offered by the bank. This settlement is anticipated to positively influence Deutsche Bank’s pretax profit for the third quarter by 430 million euros. By the close of trading at 4:25 PM in London, Deutsche Bank’s…
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NASCAR’s stance on fair play: President Steve Phelps discusses Austin Dillon’s controversial win

NASCAR’s stance on fair play: President Steve Phelps discusses Austin Dillon’s controversial win

Associated media - Associated media In a recent turn of events at the Cook Out 400 at Richmond Raceway, Austin Dillon’s actions on the track led to a significant decision by NASCAR. On the race’s climactic final lap, Dillon’s maneuver caused leader Joey Logano to spin out, after which he collided with Denny Hamlin, propelling himself to victory. This controversial win initially secured Dillon a spot in the NASCAR playoffs. However, NASCAR later reevaluated the incident, resulting in Dillon being stripped of his automatic playoff qualification. The organization imposed a 25-point deduction and issued a three-race suspension to observer Brandon…
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Revolving door: Food and Drug Administration official’s ties to medical device industry raise concerns

Revolving door: Food and Drug Administration official’s ties to medical device industry raise concerns

Related media - Connected media Dr. Jeffrey Shuren, the former head of the Food and Drug Administration’s (FDA) medical device division, presided over a period of both increased device approvals and public health concerns. While Dr. Shuren has retired, his tenure raises questions about potential conflicts of interest due to his wife’s work as a lawyer representing medical device companies. A decade of overlap For 15 years, Dr. Shuren oversaw the approval process for a vast array of medical devices. His wife, Allison Shuren, is a senior partner at Arnold & Porter, a powerful Washington law firm that represents medical…
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Tomorrow’s technology titans: innovating for a better future

Tomorrow’s technology titans: innovating for a better future

Connected media - Connected media Peregrine Technologies, a pioneering startup founded by former Palantir executives, is poised to revolutionize the field of law enforcement. By harnessing the power of advanced technology, Peregrine aims to equip police departments with the tools they need to enhance public safety while upholding civil liberties. At the heart of Peregrine’s innovation lies its cutting-edge platform, which seamlessly integrates disparate data sources into a unified interface. This powerful tool empowers law enforcement agencies to access critical information swiftly and efficiently, enabling them to make informed decisions and respond to incidents more effectively. Unlike traditional surveillance systems,…
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DNC live webcast: opening remarks by the Obamas and Doug Emhoff tonight.

DNC live webcast: opening remarks by the Obamas and Doug Emhoff tonight.

Linked media - Linked media Streaming alert: Tune in at 6:30 p.m. ET tonight for the live coverage of the Democratic National Convention’s pivotal evening. If the video player isn’t visible, please refresh your browser closer to the event time. Tonight marks an essential chapter for the Democratic Party as it sets its sights on future leadership and strategies. This shift comes after a tumultuous period which saw President Joe Biden endorse Vice President Kamala Harris as his successor. Evening line-up 6:30 PM ET: Jason Carter, the grandson of former President Jimmy Carter. Jack Schlossberg, the grandson of former President John…
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Understanding the NASCAR appeals process: a deep dive into recent developments and procedures

Understanding the NASCAR appeals process: a deep dive into recent developments and procedures

Connected media - Connected media Richard Childress Racing (RCR) is preparing to file an appeal on Wednesday regarding the penalty imposed on racer Austin Dillon. The appeal is in response to NASCAR’s decision to rescind Dillon’s automatic playoff qualification due to his contentious victory at the Richmond race, in addition to a 25-point deduction and a three-race suspension of team observer Brandon Benesch. Dillon’s aggressive maneuvers, which involved contact with Joey Logano and Denny Hamlin in the race’s closing moments, were deemed by NASCAR to compromise the integrity of stock car racing. Austin Dillon expressed optimism about the upcoming appeal,…
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