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An Arabic-language television provider has said it was “blacklisted” and run out of business after a Canadian rival falsely accused the company of sharing pirated content, leading its payment processor to pull its services, according to a suit filed in a California federal court.
Investment funds transaction processor Calastone announced Monday that it has migrated its entire network to its own blockchain, a move it expects will save the global mutual funds market more than £3.4 billion ($4.3 billion) per year.
A New York federal court on Friday trimmed the roster of foreign exchange dealers tied to the proposed class action alleging they manipulated the foreign exchange market, finding that it lacked jurisdiction over the foreign banks.
Pillow and mattress pad maker Hollander Sleep Products LLC has filed for Chapter 11 in a New York bankruptcy court with a $166.5 million debt-for-equity swap plan it says will free it from "severe liquidity restraints."
Asset manager Tikehau Capital SCA's top shareholder on Monday said it raised €195 million ($218 million) in new equity from investors, including Temasek of Singapore, as part of a share capital increase totaling at least €300 million.