Investors who lost billions of dollars in the collapse of cryptocurrency exchange FTX have reportedly expanded their legal action to include Major League Baseball (MLB), Formula 1 racing, and Mercedes-Benz Group AG’s racing team. The investors allege that these entities aided and abetted the fraud orchestrated by FTX, adding to...
Proposed lawsuits against Mastercard and Visa in the United Kingdom have been halted. The country’s Competition Appeal Tribunal ruled Thursday (June 8) that the four lawsuits proposed by Commercial and Interregional Card Claims (CICC) cannot proceed now but that the lawyers can provide revised proposals within eight weeks....
A lawsuit is being launched by minority shareholders against WeWork, Adam Neumann — its co-founder and former chief executive officer — and the prime investor, Japan’s SoftBank, Reuters reported on Friday (Nov. 8). In a proposed class action filed in San Francisco Superior Court, the...
California lawmakers are looking to make their strictest-in-the-nation data privacy law even tougher. Last year, California passed the California Consumer Privacy Act (CCPA) that provides consumers with more transparency and control over their digital data. The law, which goes into effect next year, gives consumers the right to...
January 29, 2025
Amazon reportedly faces a proposed class action lawsuit that alleges the company tracked consumers’ movements through their cellphones and sold the data it collected. The complaint alleges that an Amazon Ads SDK embedded in apps by tens of thousands of app developers enabled Amazon to collect timestamped geolocation data about where consumers live, work, shop […]
November 28, 2023
Investors who lost billions of dollars in the collapse of cryptocurrency exchange FTX have reportedly expanded their legal action to include Major League Baseball (MLB), Formula 1 racing, and Mercedes-Benz Group AG’s racing team. The...
June 08, 2023
Proposed lawsuits against Mastercard and Visa in the United Kingdom have been halted. The country’s Competition Appeal Tribunal ruled Thursday (June 8) that the four lawsuits proposed by Commercial and Interregional Card Claims...
November 10, 2019
A lawsuit is being launched by minority shareholders against WeWork, Adam Neumann — its co-founder and former chief executive officer — and the prime investor, Japan’s SoftBank, Reuters reported on...