Article: MindGeek Execs and Owners — Along With Visa and Colbeck Capital — Hit With U.S. Lawsuit

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MindGeek Execs and Owners — Along With Visa and Colbeck Capital — Hit With U.S. Lawsuit

Michelle Celarier, 17 June 2021

Thirty-four women who claim they are victims of Pornhub filed a federal racketeering lawsuit against the company’s secretive Canadian parent, MindGeek; its owners and executives; Visa, which processes payments for the porn site; and hedge fund Colbeck Capital, which underwrote a debt financing for the company.

“MindGeek is a classic criminal enterprise run, according to those who know it best, ‘just like the Sopranos,’” according to the complaint, written by Mike Bowe, partner at Brown Rudnick, who is representing the plaintiffs in the case. Continue reading “Article: MindGeek Execs and Owners — Along With Visa and Colbeck Capital — Hit With U.S. Lawsuit”

Article: Bill Ackman Sent a Text to the CEO of Mastercard. What Happened Next Is a Parable for ESG.

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Bill Ackman Sent a Text to the CEO of Mastercard. What Happened Next Is a Parable for ESG.

Michelle Celarier, 16 June 2021

On a Saturday morning last December, Bill Ackman was scrolling through Twitter when an article in The New York Times caught his eye. “The Children of Pornhub,” by Nicholas Kristof, told how unauthorized sex — and rape and torture — videos were being spread across the internet on a website called Pornhub, one of the most popular in the world.

Ackman, who has four daughters, was outraged when he read how one teenager ended up a Pornhub victim after sending a naked video of herself to a boy she had a crush on. Harassed and humiliated, the young girl attempted suicide. Continue reading “Article: Bill Ackman Sent a Text to the CEO of Mastercard. What Happened Next Is a Parable for ESG.”