Pornhub Parent Company to Pay Damages to Trafficked Women Filmed and Posted on Their Site

Aylo Holdings S.A.R.L., the company that operates Pornhub and other adult websites, acknowledged in federal court that it had profited for years from pornographic content that depicted sex trafficking victims, but pleaded not guilty to a charge of engaging in unlawful monetary transactions involving sex trafficking proceeds, Erin Nolan reports for the New York Times. Through an agreement with prosecutors, the company agreed to pay damages to women who said they were forced to appear in pornographic videos that Read the rest

Company refuses to recall apricot products despite FDA warning of possible cyanide poisoning

The FDA is warning consumers against consuming Apricot Power products because of the presence of the toxic compound amygdalin, which can lead to cyanide poisoning.

Following receipt of a complaint and sample results, the Food and Drug Administration notified Apricot Power of the results and initial concerns. On May 8, the firm declined to recall the products. Upon additional assessment of the findings, the FDA held a follow up call with the firm to share the risks associated with these … Read the rest

Justices appear sympathetic to insurance company in asbestos bankruptcy

Justices appear sympathetic to insurance company in asbestos bankruptcy

Share

Tuesday’s argument in Truck Insurance Exchange v. Kaiser Gypsum Co. considered a technical question under the Bankruptcy Code, how to decide when an entity is a “party in interest” under the statute, which gives it a right to “be heard on any issue” in a Chapter 11 proceeding. The debtor, a failed asbestos company, claims that it will perform its insurance contracts in full: It will pay all the deductibles it owes, 100 cents on the dollar. Accordingly, it … Read the rest

Salary reimbursement of seconded employees not taxable in the hands of foreign company: Delhi ITAT

Salary reimbursement of seconded employees not taxable in the hands of foreign company

The Hon’ble Income Tax Appellate Tribunal (“ITAT”), Delhi has recently held that salary reimbursement of seconded employees paid to the original employer without any profit element is not taxable as fee for technical services.

This case[1] pertains to Ernst and Young LLP, USA (“EY USA”), which is set up in the US. It had sent its employees on secondment (“Seconded Personnel”) to work with various EY member firms in India (“EY India”). … Read the rest

Austrian officials find Listeria at company linked to outbreak

Officials investigating a deadly outbreak in Austria have found Listeria at the company thought to be responsible.

Listeria isolates with the same genetic fingerprint as the outbreak strain were detected in three environmental samples from the firm in Lower Austria.

Käserei Gloggnitz previously recalled all kajmak, drinking yogurt and cream cheese products because of potential Listeria monocytogenes contamination. Kajmak is a type of cheese.

The Listeria strain behind the incident does not match any of those in the AGES Listeria … Read the rest

Shining a light (Bulb) on energy supply company failure, SoLRs and special administration

As has been widely reported, the recent energy price volatility (coupled with the price cap limiting suppliers’ ability to pass increased costs on to consumers) has caused a number of energy supply company failures. Yesterday saw the announcement of the collapse of Bulb, one of the UK’s largest energy suppliers, with it being due to be placed into special administration very shortly.

This is the first energy special administration we’ve seen. So how are the insolvency rules different for energy … Read the rest