Dividend

Legal Challenge Looms: SINOVAC Board Warns Shareholders of Potential Roadblock to $55 Special Dividend

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Sinovac, a leading biopharmaceutical company based in Beijing, is warning its shareholders of a new lawsuit that poses a significant threat to a proposed special dividend of $55.00 per share. This alert comes as Advantech/Prime Success, a party involved in ongoing legal matters with Sinovac, has filed a complaint that could complicate the distribution of the dividend intended for all eligible shareholders. The lawsuit potentially blocks the payment, raising concerns among investors who were eagerly anticipating the dividend. Affected shareholders may be left in uncertainty as they await further developments regarding the case. Sinovac has … Read more

Former Freshfields Partner Receives €2mn Severance Pay for Involvement in Multiyear Dividend Tax Fraud: Exclusive Report

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Frankfurt, Germany – A former partner at international law firm Freshfields Bruckhaus Deringer has been sentenced to three-and-a-half years in jail for his involvement in a multiyear dividend tax fraud. The partner, Ulf Johannemann, reportedly received over €2 million in severance pay when he left the firm by mutual consent in late 2019, following his arrest in connection with the case. The severance package, which exceeded Johannemann’s annual salary of €1.9 million, was previously undisclosed. Johannemann’s conviction came as a result of his endorsement of share-swapping deals that deceived German tax authorities into refunding dividend … Read more