Legal

Legal
Citigroup Still At Odds With Hedge Fund Over Bank Payment Mistake
September 07, 2020

In an unusually public feud, Citigroup is engaged in a squabble with a creditor over the mistaken $900 million Revlon payments from earlier this year and the possible motivations for what happened, The Wall Street Journal (WSJ) reports. Get the Full Story Complete the form...

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Judge Wants Payday Loan Firm To Pay $132.5M To Victims
September 04, 2020

A Kansas City payday loan company and its operator will be compelled to pay $132.5 million in restitution to borrowers the company duped, if a federal administrative law judge’s recommendation is implemented. Get the Full Story Complete the form to unlock this article and enjoy...

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Germany Ends Probe Into Wirecard Accusations Of Journalists
September 03, 2020

A Munich prosecutor won’t be going forward with a case against two Financial Times (FT) journalists for alleged market manipulation resulting from their 2019 reports in the case against disgraced German payments processor Wirecard, FT reported. Get the Full Story Complete the form to unlock...

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Apple iPhones Won’t Get Fortnite Updates Amid Epic Court Battle
August 26, 2020

With the ongoing strife between Apple and Epic Games, iPhones won’t have access to Fortnite updates, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

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Ripple Faces Lawsuit From Australia Company Over Trademark Dispute
August 26, 2020

Ripple Labs is facing a suit from a large financial services company in Australia regarding a trademark dispute, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Judge Tells Apple, Epic Not To Drag ‘Bystanders’ Into Legal Fight
August 25, 2020

For Apple and Epic’s court battle, with the first in-person round over and done with (okay, it was on Zoom, actually), next month will shape up as a September to remember. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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TikTok Plans To Fight US Ban
August 23, 2020

Video-sharing app TikTok plans to fight back against the Trump administration’s attempt at a ban with a lawsuit, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Apple’s Fortnite Fight Hurts All Gaming Business, Microsoft Says
August 23, 2020

Microsoft is stepping into the fray of the legal battle between Apple and Epic Games over the banning of the Fortnite app from the App Store and the banning of Epic’s account, CNBC reported. Get the Full Story Complete the form to unlock this article...

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WeChat Users Sue Trump Administration Over Ban
August 23, 2020

A group of WeChat users filed a lawsuit against the President Donald Trump administration in a bid to block the president’s executive order that would bar transactions on the app, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock...