The Department of Justice (DOJ) announced the unsealing of an indictment Wednesday (May 15) charging two brothers with crimes resulting from an alleged “cutting-edge scheme” in which they stole $25 million worth of cryptocurrency from the ethereum blockchain. Anton Peraire-Bueno, 24, of Boston, and James Peraire-Bueno, 28, of...
If you take your hands off the wheel, you might crash. That proverbial piece of advice, commonly leveled at business leaders and managers, has taken on a new meaning in light of the U.S. Department of Justice‘s (DOJ) investigation revealed Wednesday (May 8) into electric vehicle (EV) automaker...
Walmart expects to refile forms about its planned acquisition of smart television maker Vizio Friday (March 29). The retailer withdrew its previous Hart-Scott-Rodino (HSR) notification and report for the merger Wednesday (March 27) after informal discussions with the Federal Trade Commission (FTC) and the Department...
Among the allegations contained in the U.S. government’s antitrust suit against Apple — as the tech giant is accused of acting as an anti-competitive monopoly in the smartphone market: Apple, said the Department of Justice (DOJ), has “inhibited the creation” of cross-platform, third-party digital wallets,...
March 21, 2024
Among the allegations contained in the U.S. government’s antitrust suit against Apple — as the tech giant is accused of acting as an anti-competitive monopoly in the smartphone market: Apple, said the Department of Justice (DOJ), has “inhibited the creation” of cross-platform, third-party digital wallets, as it has prevented third-party apps from offering tap-to-pay functionality, […]
April 22, 2022
The Federal Trade Commission (FTC) and the Department of Justice (DOJ) are working on new horizontal merger guidelines, which may be ready by the end of the year, that could...
April 20, 2022
Mergers and acquisitions in the tech space have become a critical issue for regulators worldwide. Agencies probably feel that they have underenforced the law in the past. In an interview,...
April 18, 2022
The Department of Justice (DOJ) announced changes to its leniency program on April 4 that may translate into a tougher stance on enforcement. However, Heather Nyong’o, partner at Cleary Gottlieb...
May 17, 2024
Two Chinese nationals have been charged with leading a scheme to launder proceeds from cryptocurrency investment scams. The indictment, unsealed in the Central District of California Thursday (May 16), names two individuals who have been arrested: Daren Li, a dual citizen of China and St. Kitts and Nevis, and Yicheng Zhang, a Chinese national, the […]
May 15, 2024
The Department of Justice (DOJ) announced the unsealing of an indictment Wednesday (May 15) charging two brothers with crimes resulting from an alleged “cutting-edge scheme” in which they stole $25 million worth of...
March 29, 2024
Walmart expects to refile forms about its planned acquisition of smart television maker Vizio Friday (March 29). The retailer withdrew its previous Hart-Scott-Rodino (HSR) notification and report for the merger...
March 19, 2024
A top federal prosecutor is reportedly targeting startups that defraud investors ahead of going public. Ismail Ramsey, U.S. attorney for the Northern District of California, told Reuters in an interview...
