Legal

Legal
Despite Cannabis Win, Legality Still Unlikely For Now
December 04, 2020

While cannabis scored a big win Friday (Dec. 4) with the U.S. House of Representatives passing a bill to legalize it, legal weed still isn’t likely to happen that soon, according to a CNN report. Get the Full Story Complete the form to unlock this article...

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Citi’s $900 Million Mistaken Payment Case Might Be In Wrong Court
December 03, 2020

The ongoing case of Citigroup‘s accidental $900 million payment to Revlon creditors may now have to be thrown out of court due to a mistake in where the lawsuit was filed, Bloomberg reported. Get the Full Story Complete the form to unlock this article and...

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Groups Urge Judge To Let Citi Have The Rest Of Its $900M Back
November 26, 2020

Financial services trade groups are on Citigroup‘s side in the case of the $900 million the bank accidentally sent to creditors last August, Bloomberg reported Wednesday (Nov. 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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EY Pressured To Testify About Role In Wirecard Scandal
November 25, 2020

EY is increasingly finding itself on the hot seat as German lawmakers and investigators dig deeper into the collapse of payments giant Wirecard, whose books the accounting and consulting giant audited for a decade. Get the Full Story Complete the form to unlock this article...

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Epic Games Takes Legal Action Against Apple In Australia
November 17, 2020

In an expansion of its effort to “make digital platforms fairer for consumers and developers,” Epic Games took legal action against Apple in Australia, according to a statement posted on Wednesday (Nov. 18) Sydney time. Get the Full Story Complete the form to unlock this...

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Amazon Takes Aim at Counterfeiters, Collaborators In Federal Lawsuit
November 12, 2020

Luxury product rip-off artists and their social media accomplices beware: Amazon is coming after you. 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 our daily newsletter,...

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Future Retail To Amazon: Stop Meddling In $3.4B Asset Sale
November 08, 2020

Future Retail is attempting to prevent partner Amazon from meddling further in its $3.4 billion asset sale deal with Reliance Industries and has challenged the U.S. eCommerce giant in a New Delhi court, Reuters reported. Get the Full Story Complete the form to unlock this...

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Voters In Six States Give COVID-Battered Gambling Business A Big Boost
November 05, 2020

Legal sports betting has literally gone from zero to 25 in the United States in just 2-1/2 years, as Louisiana, Maryland and South Dakota voters this week passed ballot initiatives that will allow residents to place bets on teams and events. At the same time, Colorado,...

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California’s Proposition 24 Vote Could Boost Online Privacy Bills In New York, Washington
November 04, 2020

A ballot measure passed by a sizable majority of California voters to ramp up protections for online privacy could pave the way for similar measures across the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...