Delta sued over refunds for canceled flights

ATLANTA JOURNAL-CONSTITUTION

The complaint alleges unfair and deceptive conduct by Delta, and that Delta breached its contract of carriage and made a fraudulent misrepresentation to customers regarding their rights to a refund on Delta-canceled flights.While some travelers have been able to get refunds, others have had difficulty getting their money back.

Steve Berman, an attorney at Hagens Berman representing consumers in the proposed class action, called “Delta’s actions in light of the pandemic utterly unacceptable.” read more »

SEC says Italy's Eni agrees to settle accounting charges in Algeria graft case

REUTERS

The U.S. SEC said on Friday Italian oil and gas group Eni had agreed to settle charges it breached corruption accounting rules over “improper” payments by a former unit in Algeria.

The Securities and Exchange Commission said in a statement Eni had “violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act in connection with an improper payment scheme” in Algeria by former unit Saipem. read more »

SEC Orders Three Self-Reporting Advisory Firms to Reimburse Investors

SEC

The Securities and Exchange Commission today announced settled charges against two advisers that self-reported as part of the Division of Enforcement’s Share Class Selection Disclosure Initiative, and a third adviser that self-reported within months of the initiative’s self-reporting deadline.  The Commission’s orders today are the final cases the Division intends to recommend under the terms of the initiative.  Including today’s actions, the Commission has ordered more than $139 million to be returned to investors as part of the initiative. read more »