Legal

Legal
Coinbase Faces Class-Action Suit Over Sales Of Ripple’s XRP
December 30, 2020

A week after the U.S. Securities and Exchange Commission filed a lawsuit against Ripple Labs and some of its executives, alleging the company illegally skirted laws by classifying its XRP cryptocurrency as a commodity rather than a security, a Missouri man has sued Coinbase over...

Legal
Revolut Accused Of Failing To Pay Employee Bonuses
December 29, 2020

A dispute over worker bonuses initially led to a job action — and now a court case in Poland — claiming that the U.K.-based FinTech Revolut dismissed an employee who spoke up over the issue, the Financial Times reported. The new legal case is the...

Legal
PNC Sues Plaid Over Alleged Trademark Infringement
December 23, 2020

PNC Financial Services Group has filed a lawsuit against Plaid in U.S. District Court in Pennslyvania alleging trademark counterfeiting, trademark infringement, false advertising and other wrongdoing for reputedly using PNC’s name and logo in Plaid apps. Get the Full Story Complete the form to unlock this...

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Justice Department Sues Walmart Over Opioid Sales
December 22, 2020

The U.S. government sued Walmart Tuesday (Dec. 22), claiming that the retail giant exacerbated the country’s opioid crisis by not sufficiently keeping watch for suspect prescriptions despite warnings by its own pharmacists about the problem, The Wall Street Journal reported. Get the Full Story Complete...

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SEC Files Lawsuit Against Ripple Over Unregistered Securities
December 22, 2020

The U.S. Securities & Exchange Commission (SEC) has filed action against Ripple over allegedly conducting a $1.3 billion unregistered securities offering, Reuters reported on Tuesday (Dec. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Apple iOS, macOS Exec Ordered To Testify In Epic Suit
December 18, 2020

Top Apple executive Craig Federighi, who oversees the iOS and macOS operating systems, has been ordered by a federal judge to testify in the lawsuit Epic Games brought against the Cupertino, California-based company, Apple Insider reported. Get the Full Story Complete the form to unlock...

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Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States
December 17, 2020

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google, accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Robinhood To Pay $65 Million To Settle SEC Probe
December 17, 2020

The investigation into Robinhood by the  U.S. Securities and Exchange Commission has come to a head — and the stock-trading platform has agreed to pay $65 million to settle claims that it did not do enough to inform customers about its business deals with high-speed...

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California Wants To Join DOJ’s Google Antitrust Lawsuit
December 11, 2020

The state of California is looking to join the Department of Justice‘s (DOJ) antitrust lawsuit against Google, a report from The Wall Street Journal says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...