(Reuters) -A Texas man was sued by the U.S. Securities and Exchange Commission on Monday over his alleged fraudulent $200 million offer to rescue billionaire Richard Branson's now-defunct ...

Once worth US$3.8 billion and counting the US military among its largest customers, Virgin Orbit filed for Chapter 11 protection on April 4, 2023, after struggling to secure long-term funding in ...

In reality, his account had a balance of less than $1, prosecutors say. The lawsuit says Brown sent an “unsolicited” LinkedIn message to Virgin Orbit CEO Dan Hart in March 2023 claiming he ...

US and SEC back class-action suit against Nvidia in Supreme Court . The DOJ and the SEC said they have “strong interest" in the case and argued that the class-action lawsuit should proceed.

Shares of Virgin Orbit fell 39.75% or $0.14 in after-hours trading, to $0.20 as of 6:26 p.m. EDT. Earlier this month, Virgin Orbit furloughed nearly 600 of its employees and suspended operations ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Richard Branson’s Virgin Orbit has collapsed 15 months after the rocket launch company went public ...

June 17 (Reuters) - A Texas man was sued by the U.S. Securities and Exchange Commission on Monday over his alleged fraudulent $200 million offer to rescue billionaire Richard Branson's now-defunct ...

According to the SEC, Brown fabricated a screen shot of his company's bank account to show a "current" balance of $182,383,991 though it contained less than $1, and demanded that Virgin Orbit pay ...

June 17 (Reuters) - A Texas man was sued by the U.S. Securities and Exchange Commission on Monday over his alleged fraudulent $200 million offer to rescue billionaire Richard Branson's now-defunct ...

(Reuters) -A Texas man was sued by the U.S. Securities and Exchange Commission on Monday over his alleged fraudulent $200 million offer to rescue billionaire Richard Branson's now-defunct satellite ...

According to the SEC, Brown fabricated a screen shot of his company's bank account to show a "current" balance of $182,383,991, though it contained less than $1, and demanded that Virgin Orbit pay ...