Two News Corp-owned publishers — Wall Street Journal (WSJ) parent company Dow Jones and the New York Post — have filed a copyright infringement lawsuit against artificial intelligence (AI) search engine Perplexity. The publishers allege that the AI startup uses their copyrighted content to answer...
Citibank lawyers urged a judge Tuesday (Oct. 8) to throw out a suit filed in January by New York Attorney General Letitia James that accuses the bank of failing to protect fraud victims. The lawyers argued that the bank has protections in place for consumers...
U.S. Sen. Dick Durbin of Illinois is supporting an Illinois law that will bar the charging of interchange fees on the tax and tip portions of credit and debit card transactions. Durbin, who is U.S. Senate majority whip and author of the Durbin Amendment, filed...
Most of FTX’s creditors will profit from their investments in the failed cryptocurrency exchange. That’s according to a bankruptcy agreement approved Monday (Oct. 7) by a federal court, giving 98% of FTX’s creditors approximately 119% of their claim. “Looking ahead, we are poised to return...
The Court of Justice of the European Union (CJEU) ruled Friday (Oct. 4) that Meta Platforms can use only some of the data it gathers from Facebook users to deliver targeted advertising. The ruling came in a case brought by privacy activist Max Schrems that went...
Blockchain firm Ripple said it’s prepared to continue its legal battle against the Securities and Exchange Commission. Ripple CEO Brad Garlinghouse made the pronouncement on social platform X Wednesday evening (Oct. 2), hours after the SEC said it was appealing a ruling in its case...
TD Bank is reportedly settling a case involving illegal “spoof” orders by a former trader. The Canadian bank will pay more than $20 million as part of a deal with American prosecutors, Bloomberg News reported Monday (Sept. 30), citing court filings. That deal involves TD...
Epic Games is accusing Samsung and Google of a scheme to block their competition. The maker of the popular Fortnite video game said Monday (Sept. 30) it will sue the companies in federal court. The suit will contend that a Samsung mobile security feature known as Auto Blocker was designed to steer...
Caroline Ellison, the former executive who played a role in the collapse of the FTX crypto exchange and later became the star witness in the prosecution of FTX founder Sam Bankman-Fried, reportedly received a harsher sentence than the one recommended by the federal Probation Department....
