David's Feed
Aug 12, 2015

TrueCar says it considers U.S. antitrust probe to be closed

By David Ingram

(Reuters) – U.S. antitrust enforcers have closed an
investigation into whether auto dealers ganged up against
shopping website TrueCar Inc in 2011 and 2012 in order
to raise prices, TrueCar said in a securities filing on
Wednesday.

TrueCar said in the filing it had responded to a request for
documents from the Federal Trade Commission (FTC) and considered
the matter to be closed. The company added in a statement later
on Wednesday that it was not in a position to comment on the
status of the matter with respect to others.

Aug 10, 2015

DirecTV says investment in affiliate may be hurt by FIFA scandal

NEW YORK (Reuters) – Satellite-TV company DirecTV has said a
$147 million investment in an affiliate that holds broadcast
rights to soccer tournaments could be hurt by investigations
into bribery allegations that are roiling the sport’s global
governing body, FIFA.

DirecTV has a stake in the Argentine firm Torneos y
Competencias SA, which is accused by U.S. prosecutors of
participating in schemes to pay off high-ranking soccer
officials in exchange for broadcast and marketing rights to
soccer tournaments.

Aug 7, 2015

FIFA launches internal probe of alleged corruption – sources

By David Ingram and Simon Evans

(Reuters) – Soccer’s world governing body FIFA has launched
an internal investigation of alleged corruption, two people
familiar with the matter said, in a development that may signal
greater cooperation with criminal probes by U.S. and Swiss
authorities.

Members of FIFA’s executive committee were briefed on the
internal investigation at a closed-door meeting in Zurich last
month, said the sources, who spoke to Reuters on condition of
anonymity.

Aug 7, 2015

Exclusive: FIFA launches internal probe of alleged corruption – sources

By David Ingram and Simon Evans

(Reuters) – Soccer’s world governing body FIFA has launched an internal investigation of alleged corruption, two people familiar with the matter said, in a development that may signal greater cooperation with criminal probes by U.S. and Swiss authorities.

Members of FIFA’s executive committee were briefed on the internal investigation at a closed-door meeting in Zurich last month, said the sources, who spoke to Reuters on condition of anonymity.

Aug 4, 2015

Judge rejects American Express class action settlement

By David Ingram

(Reuters) – A U.S. judge on Tuesday rejected a proposed
class action settlement between American Express Co and
merchants who sued the company over swipe fees, ruling that a
lawyer for the merchants compromised the fairness of the
agreement.

U.S. District Judge Nicholas Garaufis in Brooklyn, New York,
ruled that lawyer Gary Friedman acted improperly by talking
about the case and sharing confidential information with a
friend who represented MasterCard Inc in a parallel class
action against MasterCard and Visa Inc.

Aug 4, 2015

U.S. judge rejects American Express class action settlement

NEW YORK (Reuters) – A U.S. judge on Tuesday rejected a proposed class action settlement between American Express Co (AXP.N: Quote, Profile, Research, Stock Buzz) and merchants who sued the company over swipe fees, ruling that a lawyer for the merchants compromised the fairness of the agreement.

U.S. District Judge Nicholas Garaufis in Brooklyn, New York, ruled that lawyer Gary Friedman acted improperly by talking about the case and sharing confidential information with a friend who represented MasterCard Inc (MA.N: Quote, Profile, Research, Stock Buzz) in a parallel class action against MasterCard and Visa Inc (V.N: Quote, Profile, Research, Stock Buzz).

Jul 17, 2015

Ex-FIFA official Webb is in U.S., prosecutor tells court

NEW YORK (Reuters) – Former FIFA vice president Jeffrey Webb has arrived in the United States to face criminal charges in a global soccer corruption scandal, a U.S. prosecutor confirmed on Friday to the judge overseeing the case.

Prosecutor Evan Norris said during a court hearing in Brooklyn, New York, that he did not know when Webb would make his first appearance in court to hear the charges against him and enter a plea.

Jul 10, 2015

Exclusive: Miami company described in U.S. soccer case as agreeing to pay bribe

By Mica Rosenberg and David Ingram

(Reuters) – A Miami-based affiliate of Spanish media giant Imagina group is one of the unidentified sports marketing companies alleged in a U.S. indictment to have agreed to pay a bribe in a global soccer corruption scandal, sources told Reuters.

The company is Media World, a subsidiary of Imagina US, according to two sources familiar with the matter who spoke on condition of anonymity. Imagina US is a subsidiary of the Barcelona-based Imagina group.

Jul 10, 2015

Miami company described in U.S. soccer case as agreeing to pay bribe-sources

NEW YORK (Reuters) – A Miami-based affiliate of Spanish
media giant Imagina group is one of the unidentified sports
marketing companies alleged in a U.S. indictment to have agreed
to pay a bribe in a global soccer corruption scandal, sources
told Reuters.

The company is Media World, a subsidiary of Imagina US,
according to two sources familiar with the matter who spoke on
condition of anonymity. Imagina US is a subsidiary of the
Barcelona-based Imagina group.

Jul 10, 2015

Exclusive: Miami company described in U.S. soccer case as agreeing to pay bribe – sources

NEW YORK (Reuters) – A Miami-based affiliate of Spanish media giant Imagina group is one of the unidentified sports marketing companies alleged in a U.S. indictment to have agreed to pay a bribe in a global soccer corruption scandal, sources told Reuters.

The company is Media World, a subsidiary of Imagina US, according to two sources familiar with the matter who spoke on condition of anonymity. Imagina US is a subsidiary of the Barcelona-based Imagina group.