WSJ News Exclusive | Chinese Telecom Giant ZTE in Dispute With U.S. Court-Appointed Monitor

Indonesia Berita Berita

WSJ News Exclusive | Chinese Telecom Giant ZTE in Dispute With U.S. Court-Appointed Monitor
Indonesia Berita Terbaru,Indonesia Berita utama
  • 📰 WSJ
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

A Dallas lawyer appointed to monitor Chinese telecom ZTE’s compliance with export laws has been pushing for a longer term in ways the Justice Department sees as inappropriate, people familiar with the matter say

of illegally exporting sensitive U.S. technologies to Iran and repeatedly lying to investigators.

Mr. Stanton has told people involved in the monitorship that he is “close personal friends” with U.S. District Judge Ed Kinkeade, the judge who appointed him, and that together they would do “what’s needed” to make sure ZTE complied with the Justice Department’s settlement. Company lawyers and Justice Department officials viewed that language as inappropriate and potentially unethical, people familiar with the matter said.

Mr. Stanton’s firm has made tens of millions of dollars a year from the monitorship, the people said, and his bills have risen in recent months as the spat over the term has escalated. Unlike ZTE, rival Huawei has aggressively fought sanctions and charges by the Justice Department, arguing they are politically motivated.ZTE still lags behind Huawei competitively despite its more conciliatory approach. ZTE has long trailed Huawei, its main Chinese rival in the global market for smartphones and telecommunications gear. Once a top-five vendor of smartphones in the U.S., ZTE is now a minor seller of handsets globally.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

WSJ /  🏆 98. in US

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Dallas man sentenced in plot targeting gay men for violent crimes using a dating appDallas man sentenced in plot targeting gay men for violent crimes using a dating appA Dallas man has been sentenced in a scheme to target gay men for violent crimes using the dating app Grindr, according to the Department of Justice.
Baca lebih lajut »

WSJ News Exclusive | U.S. Aims to Resume Regular Evacuation Flights From AfghanistanWSJ News Exclusive | U.S. Aims to Resume Regular Evacuation Flights From AfghanistanThe U.S. plans to resume regular evacuation flights from Afghanistan before the end of the year, a senior State Department official said
Baca lebih lajut »

WSJ News Exclusive | Coinbase Pitches Blueprint for Special Crypto RegulatorWSJ News Exclusive | Coinbase Pitches Blueprint for Special Crypto RegulatorThe largest U.S. cryptocurrency exchange wants Congress to block the Securities and Exchange Commission from overseeing the nascent industry, according to a policy blueprint
Baca lebih lajut »

WSJ News Exclusive | Jana Partners Takes Stake in Macy’s, Urges E-Commerce SpinoffWSJ News Exclusive | Jana Partners Takes Stake in Macy’s, Urges E-Commerce SpinoffThe activist investors said that a stand-alone e-commerce business would be worth a multiple of Macy’s current market value, which stood at about $7 billion Thursday after a recent rally.
Baca lebih lajut »

WSJ News Exclusive | Signa Sports Attracts Investment From Saudi Arabia’s Public Investment FundWSJ News Exclusive | Signa Sports Attracts Investment From Saudi Arabia’s Public Investment FundOnline retailer Signa Sports United is nearing a deal to raise money from a group of investors including Saudi Arabia’s sovereign-wealth fund, according to people familiar with the matter
Baca lebih lajut »



Render Time: 2025-03-24 23:59:44