‘The Enron of Germany’: Wirecard scandal casts a shadow on corporate governance

CNBC

The revelation last week that 1.9 billion euros had disappeared from Wirecard’s balance sheet has seen the firm’s share price collapse 98% and former CEO Markus Braun arrested on suspicion of falsifying accounts.

The Wirecard saga and its broader implications raises many questions, with some experts describing the scandal as the “Enron of Germany.” read more »

Canada's top court rules in favor of Uber driver in gig economy case

REUTERS

Canada’s Supreme Court on Friday ruled in favor of a driver in a gig economy case that paves the way for a class action suit calling for Uber Technologies Inc.  to recognize drivers in Canada as company employees.

Two days ago, California said it plans to ask a state court judge to force Uber and Lyft Inc to classify their ride-hail drivers as employees rather than contractors. read more »

Telegram to Return $1.2 Billion to Investors and Pay $18.5 Million Penalty to Settle SEC Charges

SEC

The Securities and Exchange Commission announced today that it obtained court approval of settlements with Telegram Group Inc. and its wholly owned subsidiary TON Issuer Inc. to resolve charges that Telegram's unregistered offering of digital tokens called "Grams" violated the federal securities laws. The defendants agreed to return more than $1.2 billion to investors and to pay an $18.5 million civil penalty. read more »