The Washington Redskins lost a trademark decision after a federal agency ruled the team’s name disparaged Native Americans, threatening millions of dollars in sales of everything from football jerseys to beer coolers.
On a blustery February morning in 2011, Chris Hardman waited anxiously inside a Big Yellow Self Storage center in north London. A banner fastened to the box- shaped building’s facade read “Get some space in your life.” All Hardman wanted to do was see the contents of storage unit E2010.
BTA Bank said a U.K. court ordered former chairman Mukhtar Ablyazov, accused of embezzlement from the Kazakh lender before its default three years ago, to pay 1.02 billion pounds ($1.63 billion) plus interest.
BTA Bank said a decision by a French court to deny bail to former Chairman Mukhtar Ablyazov will boost efforts by the Kazakh lender to regain control of $6 billion in assets it says were stolen by former management.
A British man accused of helping former BTA Bank Chairman Mukhtar Ablyazov steal $290 million from the lender was sentenced by a court in Cyprus to two months in prison for failing to comply with search warrants.