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Legal
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1.3KFraudsters Accused In $364M Ponzi Debt Scheme
Federal prosecutors have charged three men who allegedly ran a $364 million Ponzi scheme. According to Reuters, the men — Kevin Merrill...
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2.3KVisa, Mastercard Settle $6.2B Swipe Fee Lawsuit
A $6.2 billion settlement has been reached by Visa, Mastercard and several U.S. banks over a suit brought by merchants over what...
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1.2KOCC FinTech Efforts in Legal Crosshairs, While GDPR Still Lags
The battle over FinTechs and national banking charters is about to get a bit more heated. New York state is suing the...
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2.0KJudge Says US Securities Law Applies To Crypto Fraud Cases
A federal judge has ruled that prosecutors can move forward with a case against a man accused of defrauding investors in two...
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1.5KSports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’
The U.S. sports betting wave could become one of the hottest payments and commerce trends of 2018, with lawmakers and gamblers bringing...
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1.5KSony Hack Programmer Charged With Cybercrime Conspiracy
The U.S. Justice Department announced that it has charged North Korea’s Park Jin Hyok (박진혁; aka Jin Hyok Park and Pak Jin...
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1.9KGDPR Thins The Herd For Online And Mobile Advertising
Don’t cry for Facebook. Sure, the social media platform said it lost one million active users from Europe after the General Data...
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2.5KYoung Bitcoin Trader Indicted On Money Laundering Charges
Charges of money laundering and illegal money transmission have been levied against a 21-year-old bitcoin dealer in California. According to several sites,...
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1.3KTesla, Elon Musk Sued Over Go-Private Tweets
Tesla and its chief executive Elon Musk have been hit with two lawsuits by investors who are accusing Musk and his company...
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1.5KManafort Case Delayed As Prosecution Set to Call Final Witnesses
The judge in the federal tax fraud case against former Trump Campaign Chairman Paul Manafort called for a break in the case,...
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1.9KOpening Bets: MGM Deals Foreshadow New Gambling Culture
Not quite three months after the U.S. Supreme Court struck down state bans on sports betting, MGM Resorts International has signed deals...
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942Alleged Floor Trader Scheme Haunts NYSE
The New York Stock Exchange (NYSE) has accused a floor trader of being involved in a kickback scheme involving an unnamed broker....
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1.8KIBM Wins $83M In Patent Infringement Suit Against Groupon
International Business Machines was awarded an $83 million judgment in a patent court case lodged against daily deal website operator Groupon. Reuters,...
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3.9KVirtual Cards Run Into Payroll Card-Like Legal Troubles
In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. Employees...
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3.7KIBM Wants $167M From Groupon In Patent Infringement Case
International Business Machines is seeking $167 million from Groupon, contending in a lawsuit that the daily deal website operator used IBM’s patented...
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3.5KGDPR Floods Business With Consumer Questions
Look at this way, even if it’s probably far too optimistic: The post-GDPR world is providing chances for companies to engage their...
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2.8KShoe Company Rockport Likely Will Be Sold To A Private Equity Firm
The Rockport Group, the ailing comfort shoe company, could soon have a new owner. Charlesbank Capital Partners LLC, a private equity firm,...
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3.7KRipple, Ripple CEO Served Third Securities Fraud Lawsuit
Three and counting: Ripple, the cryptocurrency startup behind the XRP tokens, has reportedly been hit with a third lawsuit alleging securities fraud....
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3.5KUK Court Sends Retailer/Credit Card Fee Fight To Competition Tribunal
The U.K.’s Court of Appeal ruled Wednesday (July 4) that a fight between U.K. retailers and credit card companies over fees has...
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3.2KBetting On Digital Identities As Online Sports Gambling Takes Off
The idea remains as simple as ever: Put down money on a team or athlete because of fandom, a hunch or a...
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2.2K
Yelp Wins Court Ruling About Negative Online Reviews
A recent California Supreme Court decision that essentially allows a negative Yelp post to stand about a lawyer could help determine how...
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4.4KWells Fargo Hit With Lawsuit Over Financing Fees
Wells Fargo is facing a new lawsuit, this time from the Texas jeweler J. Edwards Jewelry Distributing and the company’s president, John Silverman,...
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1.7KSEC: Ex-Equifax Manager Guilty Of Insider Trading
The Securities and Exchange Commission (SEC) announced it has charged a former Equifax manager with engaging in insider trading before the company announced its...
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3.4KExactis Data Breach Sparks Class Action Lawsuit
The first class action lawsuit against Exactis has been filed in response to the company’s massive data breach that exposed the private information...
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2.6K
GDPR Sparks Privacy Regulation Efforts In The U.S.
Everyone’s always talking about online privacy, but this past week or so has brought a meaningful uptick in that ongoing discussion, including...
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2.9KVisa, Mastercard May Reach Settlement In Card Swipe Fee Suit
More than a decade after merchants brought a class-action suit against Mastercard, Visa and card-issuing banks in 2005, a settlement between the...
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1.9KRetailMeNot Sues Honey Science Corp. For Patent Infringement
RetailMeNot announced that it has filed a patent infringement lawsuit against Honey Science Corp. RetailMeNot, a leading savings destination connecting consumers with...
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3.3KBank Of America Accused Of Aiding $102M Ponzi Scheme
Bank of America has been accused in a lawsuit of providing more than 100 accounts, used to carry out a $102 million...
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2.7KSupreme Court: Amex Anti-Steering Does Not Run Afoul Of Antitrust Law
And so, the two-sided market lives on. In a ruling Monday morning (June 25), the Supreme Court of the United States ruled...
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3.6KUS Supreme Court Gives The Green Light For Online Sales Taxes
States can collect sales taxes from online retailers thanks to a U.S. Supreme Court ruling on Thursday (June 21) that addressed one...
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2.4KSilk Road Mentor Being Extradited To US
Five years after Silk Road shut down, one of its alleged advisers is being extradited to the U.S. to face newly unsealed...
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3.2KIs The GDPR Coming To The US?
Imitation is the sincerest form of flattery, right? If so, some European regulators might like what’s going on with California in regards...
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2.2KVirtual Currency Case Could Determine CFTC’s Power Over Crypto
A case involving virtual currency My Big Coin could determine whether the U.S. Commodity Futures Trading Commission (CFTC) has the power to...
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2.9K
Could A Bank-On-Bank Patent War Be Looming?
A recently filed federal lawsuit over remote deposit capture technology (RDC) could signal the start of a wider patent-infringement struggle among banks,...
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3.6KUSAA Sues Wells Fargo Over RDC Technology
USAA, the insurance company and bank serving current and former military members and their families, filed a federal lawsuit against Wells Fargo...
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3.7KSecond Lawsuit Says XRP Is A Security Controlled By Ripple
Distributed ledger startup Ripple is facing another lawsuit over its XRP cryptocurrency. According to CoinDesk, court records show that Vladi Zakinov filed...
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4.4KSnap Shareholders Can Pursue Lawsuit
Snap, the maker of the disappearing messaging app Snapchat, saw a court ruling that gave investors the green light to pursue a...
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2.1KWashington AG Sues Google, Facebook Over Political Ads
The Washington Attorney General is suing Facebook and Google over political ads that ran in the state. According to TechCrunch, both sites...
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1.7KState Street Corp. Ex-EVP Accused Of Wire Fraud
A former executive at State Street Corp. is set to stand trial for allegedly defrauding the bank’s clients by charging them secret...
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2.6KWill Dynamic Pricing Change How Automotive Parts are Sold?
Dynamic pricing has produced more than $1 billion in revenue for automakers over the last decade, according to a report from Reuters...
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4.0KSEC Investigates Former Heartland CEO For Possible Insider Trading
Federal investigators are looking into stock trades linked to the former CEO of the FinTech firm Heartland Payment Systems. According to The...
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3.2K
Wells Fargo Settles Sales Scandal Lawsuit; To Pay $480M
Wells Fargo announced late last week that it has agreed to pay $480 million to settle a securities fraud class-action suit. In a press...
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5.5KRipple Gets Hit With Lawsuit Over XRP Tokens
Ripple Labs, the cryptocurrency startup behind the XRP tokens, is being accused in a new lawsuit of running a scam to raise...
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3.4KLendingClub Gets Sued By The FTC; Stock Hits Record Low
LendingClub, the online lender that was once a favorite of Wall Street investors, saw its stock hit a record low on Wednesday...
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2.2K
Supreme Court Rules Arab Bank Cannot Be Sued For Financial Involvement In Terrorist Attacks
The Supreme Court has ruled that lawsuits filed by victims of terrorist attacks and their families against Arab Bank cannot proceed. According...
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4.0KWells Fargo Settles With Ecuadorian Bank Over 2015 Cyber Heist Case
Ecuador’s Banco del Austro and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, and that suit could have...
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1.9KJPMorgan Hit With Lawsuit Over Crypto Transaction Fees
JPMorgan Chase is being sued in Manhattan federal court for allegedly charging surprise fees when it stopped allowing its customers to buy...
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1.2KMassachusetts Can Proceed With Lawsuit Against Equifax
A judge has ruled that the state of Massachusetts can move forward with its lawsuit against Equifax. According to Reuters, the suit...
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3.1KWells Fargo Predatory Lending Lawsuit Allowed to Proceed
A federal judge has ruled that a lawsuit against Wells Fargo & Co. can proceed. The lawsuit accuses the third-largest U.S. bank...
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2.7KFrance Is Suing Google, Apple Over Their Dealings With Startups, Developers
Google and Apple are facing a lawsuit from France, which is seeking fines of $2.5 million for what the country says are...
