HBO Hit With Class Action Lawsuit Over Data Privacy

HBO was the target of a class-action lawsuit on Tuesday. It claimed that it shared subscribers’ viewing history to Facebook in violation of federal privacy law. Bursor and Fisher, a class action law firm, filed the suit in New York federal court on behalf of two HDTV Max subscribers, Angel McDaniel, and Constance Simon. According to the suit, HBO provided customer …

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FINRA Fines Deutsche Bank Securities $2 Million

FINRA today announced that Deutsche Bank Securities, Inc. has been fined $2 million by FINRA for not complying with its obligation to seek the best execution of its customers’ orders. Jessica Hopper, Executive Vice president and Head of FINRA’s Department of Enforcement stated that “the duty to seek the best execution of customer orders is …

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US Congress passes $50 Bill Postal Service Bill

On Tuesday, the U.S. Senate overwhelmingly voted to provide the long-losing Postal Service (USPS), with approximately $50 billion in financial relief over a ten year period and to require future retirees of USPS to enroll in a government-sponsored health insurance plan. The rare feat of bipartisanship in a narrowly divided Congress is seen in the …

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Russian Airlines Struggle For Parts From Ban

Russian aviation drifted towards isolation Wednesday when Boeing (BA.N.) and Airbus (AIR.PA.) stopped the supply of components. Analysts predicted that carriers might either strip parked aircraft for parts or explore other sources to keep flying. Flagship Aeroflot and other carriers were subject to Western sanctions as the ripple effects of Russia’s invasion in Ukraine hit the global aviation sector. …

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Russia Excluded From JPM Fixed Income Index

JPMorgan will exclude Russia from all fixed income indexes starting March 31st, the bank announced Monday. This follows rival index providers who had removed Russian securities from their indexes following Moscow’s invasion. JPMorgan (JPM.N) had placed Russia on an index watch on March 1, after the imposition of sanctions. The Wall Street bank manages the widely-followed …

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