Legal

Legal
MoviePass Rival Sinemia Faces Complaints, Lawsuit
April 08, 2019

Sinemia, a subscription service similar to MoviePass, has been struggling with customer complaints and a class-action lawsuit over the way it treats customers, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Lyft Threatens To Sue Over Alleged Short Selling
April 08, 2019

Lyft is threatening to sue Morgan Stanley over allegations it supported short selling for investors subject to lock-up agreements. 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...

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MoneyGram, Western Union Sued Over Downed Passenger Plane
April 05, 2019

Four financial institutions are being sued over suspected ties to terrorists who shot down Malaysia Airlines Flight MH17 in 2014, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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CA Lawmakers: Crypto Can Solve Cannabis Payments Problem
April 03, 2019

Legalized cannabis has a huge cash payments problem – as in, operators have too much, given federal restrictions in the U.S. that have largely prevented the use of cards and digital payments. That introduces friction and more risks of theft into this growing area of...

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Robocalls Go Unpunished, Exposing Regulatory Gaps
March 29, 2019

For foes of robocalls, there came a bit of poetic justice in recent weeks, courtesy of John Oliver, host of the weekly HBO comedy-news program “Last Week Tonight.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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Wirecard Files Suit Against FT Following Investigative News Reports
March 28, 2019

German financial and payments company Wirecard has filed a lawsuit against the Financial Times for a series of articles the news organization wrote alleging misconduct and fraud in its accounting, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy...

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Michael Avenatti Arrested For Bank, Wire Fraud
March 26, 2019

Attorney Michael Avenatti has been charged in two federal cases with wire and bank fraud, as well as allegedly attempting to extort more than $20 million from Nike. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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As Biometrics Advances, Laws And Regulations Try To Catch Up
March 25, 2019

Biometrics are increasingly being relied upon to secure payments and commerce while making transactions more seamless for consumers, a trend that seems all but certain to increase in the coming months and years. But the laws and regulations governing biometrics have yet to catch up...

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San Fran Mulls Cashless Store Ban — Including Amazon Go
March 21, 2019

San Francisco is considering following in the footsteps of New Jersey and Philadelphia and banning cashless stores, including Amazon Go, according to a report from CNBC. Many lawmakers say cashless stores are discriminatory toward lower-income individuals, as well as those without bank accounts or credit...