Of all the rarefied niches on Wall Street, perhaps the most opaque and exclusive is the hedge fund industry, where traders are handed millions and even billions of dollars to invest on behalf of banks, endowments, pension funds and the superrich.
In December 10, Volkswagen Chairman Hans-Dieter Pötsch made a public admission: A group of the company’s engineers decided to cheat on emissions tests in 2005 because they couldn’t find a technical solution within the company’s “time frame and budget” to build diesel engines that would meet U.S. emissions standards. When the engineers did find a solution, he said, they chose to keep on cheating, rather than employ it.
In 2013, Miranda filed a lawsuit against the U.K.’s Home Office and the Metropolitan Police Service claiming he was unlawfully detained and interrogated under the Terrorism Act 2000. He also claimed that his right to freedom of expression guaranteed under Article 10 of the European Convention on Human Rights and Fundamental Freedoms (ECHR) was violated. The U.K.’s High Court of Justice rejected the suit in February 2014, and his case is due to go to appeal in the first half of 2015.