Shareholders in Israel's Bank Leumi are seeking to file a class action lawsuit worth about 475 million shekels ($119 million) against the bank over its handling of a U.S. probe into alleged tax evasion, Bank Leumi said on Sunday.
Thomas Middelhoff, once one of Germany's most prominent and respected business leaders, was convicted of embezzlement and tax evasion by a state court on Friday and immediately taken to jail to start a three-year sentence.
Grammy Award winning singer Lauryn Hill was sentenced to three months in prison on Monday, and an additional three months in home confinement for failing to pay taxes on about $1 million in earnings. Hill pleaded guilty last year in the case. Hill explained that she always meant to eventually pay the taxes but was unable to during the period when she dropped out of the music business.
A federal judge postponed Lauryn Hill's tax evasion sentencing on Monday but not before scolding the eight-time Grammy-winning singer for reneging on a promise to make restitution. Hill pleaded guilty last year to not paying federal on $1.8 million earned from 2005 to 2007.
