October 23, 2023
Walgreens Settles Investor Lawsuit Over Rite Aid Merger
Walgreens Boots Alliance has agreed to a $192.5 million settlement in a class action lawsuit brought by investors in Rite Aid who alleged that Walgreens had misled them in 2017...
October 20, 2023
FTX Trial: The Adults Are Tanking ‘Cool Kid’ Bankman-Fried’s Defense
It is the end of the third week of Sam Bankman-Fried’s multibillion-dollar criminal fraud trial. The trial itself is approaching halftime, with the prosecution expected to rest its case next...
October 19, 2023
Gemini, DCG Face Lawsuit Alleging $1.1 Billion Fraud
Crypto exchange Gemini and venture capital firm Digital Currency Group (DCG) are facing a lawsuit filed by New York Attorney General Letitia James, alleging the companies defrauded customers of $1.1 billion. The lawsuit, filed Thursday...
October 19, 2023
Ex-FTX Lawyer Testifies Company Falsely Promised Asset Protection
A former FTX lawyer testified that the company had falsely promised institutional customers, including hedge fund Sculptor Capital Management, that their assets would be safe in the event of insolvency. In...
October 19, 2023
Bitcoin ATM Installations Plummet to Two-Year Low
The number of bitcoin ATMs worldwide have hit a two-year low. Over the past year, the number of bitcoin ATMs available has declined by 7,000, or 17%, leaving a total...
October 18, 2023
Accounting Witness Testifies Bankman-Fried Treated Customer Billions as Piggy Bank
In the 11th day of Sam Bankman-Fried’s criminal trial, the prosecution brought out an accountant. University of Notre Dame Professor Peter Easton, a forensic accountant, was called to the witness...
October 17, 2023
FTX Proposes Returning 90% of Customer Funds
FTX has proposed a settlement that gives creditors more than 90% of their funds. The proposal, announced late Tuesday (Oct. 16), is set to be filed with the U.S. Bankruptcy Court in December...
October 13, 2023
Friends Become Foes: Prosecution Wraps Second Week of Bankman-Fried Trial
The government is creating a clear narrative in the Sam Bankman-Fried case: He ran the ship, he called shots, and he is responsible for stealing and losing the money. At...
October 12, 2023
Nearly 1 in 5 High-Debt Consumers With Credit Score Issues...
Consumer credit card debt in the United States has surpassed the $1 trillion mark, leading to heightened concerns about credit insecurity among both consumers and providers. Against that backdrop, many...