Ares Management Corp. has dismissed Partner Michael R. McFerran, the Los Angeles firm’s chief operating officer and chief financial officer, citing the results of an outside investigation into allegations of “inappropriate” conduct involving fellow employees. The investigation determined that Mr. McFerran “engaged in inappropriate ...Read More

Martin Winterkorn has agreed to pay Volkswagen nearly $14 million after an investigation found the former CEO failed to respond properly to signs that the company may have been using illegal diesel engine technology. He also failed to ensure that questions from US authorities about the ...Read More