The Northern District Court of California ordered Telegram to pay almost $ 625 000 in legal costs to the startup Lantah LLC. The company has a dispute with this startup over the Gram brand.
In May 2018, Telegram filed a lawsuit against Lantah, accusing it of violating the rights to the Gram trademark. In June, the startup filed a counterclaim. Telegram planned to name Gram its own cryptocurrency, the project managed to raise $ 1.7 billion. The launch of the project failed due to a court injunction by the US Securities and Exchange Commission (SEC). SEC believed that Telegram’s cryptocurrency was essentially a security and that the company should follow listing rules, including disclosing financial information.
In August 2020, the court granted Telegram’s request to withdraw the lawsuit. The condition was to reimburse the startup for court costs. Lantah demanded $ 1,615,140, the lawyer’s hour was estimated at $ 900. The court lowered the rate to the market price of $ 600 per hour. As a result, Telegram must pay Lantah $ 618,240 for the lawyer and another $ 6737.35 in compensation.
Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]
According to Bloomberg, citing documents submitted to the Securities and Exchange Commission (SEC), the short-term rental service Airbnb plans to raise $ 2.6 billion in listing in the US and receive an estimate of $ 35 billion. If the company manages to raise $ 2.6 billion, Airbnb’s placement will be the fourth largest IPO in […]
Holding LVMH Moet Hennessy-Louis Vuitton (LVMH) reported that on Monday, September 28, filed a counterclaim against Tiffany in a Delaware court over a failed merger agreement between the two companies. The French holding and the American jewelry house agreed to merge in November 2019. The parties signed the agreement under which LVMH had to pay […]
Verkhovna Rada of Ukraine adopted in the first reading a bill needed to start privatization. It is envisaged that buyers cannot be legal entities, and related to them persons who registered in countries recognized by the Verkhovna Rada as aggressors. It is not allowed to participate in the privatization the representatives of countries with sanctions. […]Next
McDonald’s F 32 has officially announced changes in the process of cooking its burgers. The buns will become softer and darker, and the company will bake them according to three different recipes. McDonald’s promises they will not have flavor enhancers: only natural ingredients to improve texture, frying and taste. The size of the buns was […]Next
The Bloomberg News agency estimated the yield a wide range of assets in 2015, ranging from currencies and stock indexes, to commodities and junk bonds. It is in the segment of junk bonds (junk, high-yield bonds) determined the most profitable asset last year – Eurobonds of Ukrzaliznytsia with maturing in May 2018. Investments in this […]Next
Ford official dealer representatives in Ukraine informed that Avtovinn company had developed in Vinnytsia a new Ford affiliate dealer centre. The Vinnytsia dealer centre is the third Ford centre in Ukraine . The two others have been located in Dnepr and Kyiv. It provides the full services from selling to Ford cars maintenance. The new […]Next
Foreign pharmaceutical company Euro Pharma International is building a new pharmaceutical plant in Kiev Svyatoshinsky district, Kyiv region. The first phase of the project start is scheduled for autumn 2016. To date, the company estimates the volume of investments of $ 50 million. “I am very pleased that the foreign investors are interested in our […]Next
The Chinese company POWERCHINA and the Ukrainian company WindFarm have signed a contract for the joint construction of a wind farm in the Donetsk region. This was reported by the press service of WindFarm. “The cost of the project is at least $ 1 billion, which makes it the largest wind energy project in Ukraine,” […]Next
Antimonopoly Committee of Ukraine has fined the Russian company “Gazprom” for 85 billion UAH for abuse of monopoly power. This information was announced by the head of department Yuriy Terentyev on his Facebook. He emphasized that the “Gazprom” is a monopolist in the market of transit of natural gas through main pipelines on the territory […]Next
A lawyer — is a peaceable profession which is designed to protect. Both violations of the rights of lawyers and depreciation of institute of legal profession completely level the rights of the citizen of Ukraine. Under such slogan the peaceful protest action of lawyers under walls of the Verkhovna Rada took place, devoted to fighting […]Next
Seeing a clear plan of debt restructuring, international lenders agreed to continue cooperation with UkrLandFarming in the agricultural sector. “Today we can see that efficiency UkrLandFarming fully restored, the financial situation is stable, and the lenders are configured to work with the holding in the future”, – said Nick Piazza, CEO of SP Advisors finance […]Next
The container operator of the Ukrzaliznytsia the Liski Company, plans to create Portside grain terminal with a capacity of about 15 thousands TEU in a year. It is reported by the UkrAgroConsult. According to the report, the new facility will be located in the territory of the structure Odessa-Liski, which serves the container flows of […]Next
Salesforce is one of the world’s largest players in the cloud computing sector. They will buy Slack Technologies, the owner of Slack’s corporate messenger. The Wall Street Journal reports, Messenger will cost Salesforce $ 27.7 billion, which will be the largest acquisition of the company in its history. The terms of the deal include that […]Next
Chinese Internet company Alibaba will buy more than a fifth of the shares of its division, specifically of a fin-tech company Ant Group, as part of its future IPO on the stock exchanges of Hong Kong and Shanghai, Alibaba said in a release. “Alibaba has agreed to subscribe for 730 million shares of the initial […]Next
As Interfax-Ukraine reported, Mironivsky Hliboproduct Agricultural holding finished the third quarter 2016 with the net loss of $8 million against $24 million a net profit last year. Following the results of nine months the net profit of the company is constituted $86 million The Mironivsky Hliboproduct Agricultural holding (MHA) has received 8 million dollars […]Next
Almost 100% of the shares (99.83%) of Kherson heat and power plant will be re-auctioned by the State Property Fund of Ukraine. According to preliminary data it will be held on March, 16 of this year on sale with a starting price of 155 million UAH. It is reported by the source Sehodnia.ua. Terms of […]Next
On Monday, PepsiCo announced its second fiscal quarter which ended on June 30. The results exceeded Wall Street expectations but were mixed. On the one hand, sales of food and snacks increased as consumers bought snacks for breakfast and home-made goods. On the other hand, sales of beverages decreased because large sales channels such as […]Next
In Ukraine it will be one less source of information. Ukraine Today is an online channel with International broadcasting, which is owned by Ukrainian businessman and former owner of Privat Bank Ihor Kolomoiskyi. The fact that in the near future Ukraine Today will stop their work became known from the publication of General Director of […]Next