As District Judge's wife owned Cisco shares, it wins reversal of $2.75 bn
Thu, Jun 23, 2022 8:45 PM

As District Judge's wife owned Cisco shares, it wins reversal of $2.75 bn

Get it on Google Play
Today, a U.S. Federal Circuit Court of Appeals has laid off over a $2.75 billion award against Cisco Systems Inc, stating that the trial judge should have eliminated himself after learning that his wife owned 100 shares of Cisco worth $4,688. However, U.S. District Judge Henry Morgan in Virginia has further figured out that the shares did not and could not have been influenced.

More great flips

51% stake in U.S. firm Trader Interactive to be acquired by Carsales.com

51% stake in U.S. firm Trader Interactive to be acquired by Carsales.com

Australian Carsales.com, on Monday, announced that it will purchase the remaining 51% stake in U.S.-based Trader Interactive for $809 million. The online auto classifieds firm is planning this move a year after buying 49% in the Virginia-based online advertising company. Carsales.com in May 2021 has already paid $624 million for the 49% stake it holds in Trader Interactive.

Open Flip
NSE puts 4 stocks under F&O ban on NSE on Monday❗

NSE puts 4 stocks under F&O ban on NSE on Monday❗

NSE has put a total of four stocks under the ban for trade on Monday, June 27, 2022 in the futures and options (F&O) segment as they have crossed 95% of the market-wide position limit (MWPL). These four stocks include RBL Bank, Indiabulls Housing Finance, Sun TV and Delta Corp. No fresh positions are allowed for any of the F&O contracts in these stocks as long as they are under the F&O ban.

Open Flip
Asian stocks gain on Monday taking cues from Wall Street

Asian stocks gain on Monday taking cues from Wall Street

Asian shares surged on Monday amid improved risk sentiment after Wall Street rebounded robustly at the closing hours of the previous week. Japan's Nikkei zoomed 1.04%, while Australia's benchmark rallied 1.69%. Chinese blue chips improved 0.54% and Hong Kong's Hang Seng surged 1.46%. South Korea's Kospi advanced 1.65%. MSCI's broadest index of Asia-Pacific shares gained 1.31%.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon