South Africa’s Black Business Council has called for McKinsey & Company to be banned and blacklisted following the consultancy firm’s $122 million settlement with South African and US authorities. McKinsey’s payment addresses allegations of bribery and corruption involving former South African president Jacob Zuma and has sparked debate over accountability and fairness. McKinsey Bribery Settlement Sparks Outrage McKinsey’s settlement stems from McKinsey’s involvement in corrupt dealings with South African state-owned enterprises Eskom and Transnet between 2012 and 2016. While the firm has fired implicated employees and returned over R4.1 billion
Shaquille O’Neal, former NBA star and current sports commentator, has reportedly agreed to an $11 million settlement to resolve a class action lawsuit over his promotion of Astrals non-fungible tokens (NFTs). Shaq’s NFT Lawsuit And FTX Links Under Legal Scrutiny The settlement, awaiting court approval, also addresses separate claims linked to the collapse of cryptocurrency exchange FTX. The lawsuit was filed after investors alleged they suffered financial losses tied to Astrals NFTs, a collection of 10,000 digital collectibles promoted by O’Neal. Plaintiffs argued that his celebrity endorsement heavily influenced their
Tesla has settled a racial discrimination lawsuit with former employee Owen Diaz after a protracted legal battle. After filing a lawsuit in 2017, Diaz was awarded a staggering $137 million in 2022. However, US District Court Judge William Orrick reduced this to $15 million and then to $3.2 million. The settlement terms remain confidential but mark the end of a lawsuit that revealed disturbing practices within Tesla’s Fremont factory. Diaz vs. Tesla Diaz, who worked as a freight elevator operator for less than a year starting in June 2015, encountered
