legal

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

Crypto.com Sues SEC Amid Threat of Enforcement Action

Crypto.com Sues SEC Amid Threat of Enforcement Action
Crypto.com Sues SEC Amid Threat of Enforcement Action
October 08, 2024  |  Cryptocurrency

Calling it a “misguided” federal agency, Crypto.com has sued the Securities and Exchange Commission (SEC). The suit, filed Tuesday (Oct. 8), came after the cryptocurrency...

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FTX Creditors Will Earn 119% Profit in Bankruptcy Settlement
FTX Creditors Will Earn 119% Profit in Bankruptcy Settlement
October 08, 2024  |  Legal & Regulation

Most of FTX’s creditors will profit from their investments in the failed cryptocurrency exchange. That’s according to a bankruptcy agreement approved Monday (Oct. 7) by...

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Supreme Court Won’t Hear Uber and Lyft Gig Worker Appeal
Supreme Court Won’t Hear Uber and Lyft Gig Worker Appeal
October 07, 2024  |  Gig Economy

Uber and Lyft have lost a chance to have an appeal heard by the Supreme Court. The case involves lawsuits brought against the companies by...

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EU Court Rules Meta Violated GDPR With Personal Data Use for Advertising
EU Court Rules Meta Violated GDPR With Personal Data Use for Advertising
October 04, 2024  |  Legal & Regulation

The Court of Justice of the European Union (CJEU) ruled Friday (Oct. 4) that Meta Platforms can use only some of the data it gathers from...

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Ripple Vows to Fight as SEC Appeals XRP Ruling
Ripple Vows to Fight as SEC Appeals XRP Ruling
October 03, 2024  |  Legal & Regulation

Blockchain firm Ripple said it’s prepared to continue its legal battle against the Securities and Exchange Commission. Ripple CEO Brad Garlinghouse made the pronouncement on...

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Visa Facing Merchant Class Action Case Amid DOJ Antitrust Action
Visa Facing Merchant Class Action Case Amid DOJ Antitrust Action
October 02, 2024  |  Payment Methods

Visa is facing a class action lawsuit from merchants connected to its debit network. The suit accused Visa of anticompetitive behavior related to its debit...

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TD Bank Pays $20 Million to Resolve Spoofing Case
TD Bank Pays $20 Million to Resolve Spoofing Case
September 30, 2024  |  Legal & Regulation

TD Bank is reportedly settling a case involving illegal “spoof” orders by a former trader. The Canadian bank will pay more than $20 million as...

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Visa Adds $1.5 Billion to Litigation Escrow Account
Visa Adds $1.5 Billion to Litigation Escrow Account
September 27, 2024  |  Payment Methods

Visa disclosed Thursday (Sept. 26) that it authorized the deposit of $1.5 billion into the litigation escrow account previously established under its U.S. retrospective responsibility...

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