K&L Gates opens third office in Germany; Buffett delivers annual gifts worth $2.86B to 5 charities; Uber drivers must accept service animals under lawsuit settlement
July 16, 2016 12:00 AM
The K&L Gates building Downtown.
K&L Gates opens third office in Germany
K&L Gates announced it has opened an office in Munich, the Downtown law firm’s third office in Germany after Frankfurt and Berlin and eight office in Europe. The firm said in a press release it hired investment management partner Hilger von Livonius and two other professionals, Philipp Riedl and Michael Harris, from Hong Kong law firm King & Wood Mallesons. The firm said Munich is known as one of the world’s top locations for the private equity, venture capital, intellectual property and patent law areas.
Buffett delivers annual gifts worth $2.86B to 5 charities
Investor Warren Buffett has delivered his annual donation of Berkshire Hathaway stock to five charities as part of his plan to gradually give away his fortune. The gifts of Class B Berkshire stock that Mr. Buffett disclosed Thursday were worth roughly $2.86 billion. More than 19.6 million Berkshire shares were donated. The biggest share went to the Bill & Melinda Gates Foundation. Mr. Buffett also gave Class B Berkshire shares to his own foundation and to the foundations run by each of his three children.This year’s donation was slightly more than last year’s $2.8 billion giveaway. Fewer shares were involved but Berkshire’s stock price has increased.
Uber drivers must accept service animals under lawsuit settlement
Uber drivers who refuse to take passengers with service animals may soon be dropped under policies the ride-hailing company is adopting as part of a lawsuit settlement with the National Federation of the Blind. Also under the settlement, which was granted preliminary approval on Wednesday by the U.S. District Court in Northern California, the San Francisco firm also agreed to train its customer service employees on how to handle alleged violations of the Americans with Disabilities Act, report anonymized data of alleged violations to the plaintiffs’ attorney, and agree to compliance testing over the next 3 1/2 years. Uber also will pay $45,000 to the Disability Rights Advocates Client Trust account, and $225,000 to the National Federation of the Blind to support its testing program. The National Federation of the Blind sued Uber in 2014 on behalf of all blind people in California who use a service animal and were denied rides.
Herbalife dodges most serious charges from US
Federal regulators closed an investigation of the multinational, nutritional supplements company Herbalife, which has for years been dogged by accusations that it was run as an elaborate pyramid scheme. Though Herbalife was ordered to restructure its U.S. operations and pay a $200 million settlement Friday, it avoided being classified by the U.S. as a pyramid scheme. Under the settlement, Herbalife must rework the way in which it pays its salespeople. They must be compensated for selling Herbalife products, and the company must scrap incentives that reward them for recruiting other salespeople.
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