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500.com beats US shareholder suit over alleged Japan bribery

By Richard Vanderford ( September 21, 2021, 22:17 GMT | Insight) -- 500.com, a China-based gambling company, doesn't need to face a US shareholder suit over its alleged payment of bribes in Japan, a New York federal judge said. The investors claimed that 500.com misled them by failing to disclose that it had allegedly paid bribes to Japanese lawmaker Tsukasa Akimoto in a bid to secure entry into Japan's gambling market.500.com, a China-based gambling company, doesn't need to face a US shareholder suit over its alleged payment of bribes in Japan, a New York federal judge said today. ...

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