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Legal Proceedings
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Meta reaches a US$16.7 billion settlement with 29 states to resolve social media addiction lawsuits, but its stock price remains largely unaffected.
Meta Platforms Inc. reached a settlement with 29 state attorneys general regarding allegations that its social media platforms harm children, agreeing to pay approximately $16.7 billion. This amount r
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Tornado Cash developer Roman Storm’s retrial delayed to April 2027
Judge Katherine Polk Failla adjourned the retrial in light of Storm’s pending motion for acquittal and related request for a continuance.
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Johnson & Johnson proposes a $5.5 billion settlement to resolve approximately 76,000 talc-related ovarian cancer lawsuits.
The proposed agreement, which requires 95% participation from eligible claimants, aims to convert an unpredictable legal risk into a more manageable financial obligation for the company. However, it d
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Federal prosecutors deem ex-Celsius CEO Alex Mashinsky's motion to vacate conviction 'without merit'
Mashinsky, who is already serving a 12-year federal prison sentence, continues to pursue legal avenues to overturn his conviction related to his activities at Celsius.
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Meta faces a major lawsuit in California, initiated by a coalition of 29 state attorneys general, accusing its products of fueling youth addiction, with potential damages ranging from $200 billion to $1.4 trillion.
Closing arguments are set to begin on Tuesday in what industry experts have dubbed social media's "big tobacco moment," a case that could result in Meta paying massive fines and making fundamental cha
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New Mexico judge orders Meta to pay $567 million into an abatement fund as remedy for child harms case
A New Mexico judge on Thursday ordered Meta to pay $567 million into an abatement fund, following a jury ruling that the company violated the state’s unfair practices act in a child harms case. This f
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Apple launches legal challenge against UK government's demand to access encrypted cloud backups of British users
The iPhone maker has filed a complaint over the latest government demand, which seeks to connect to the cloud backups of British users.
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C.H. Robinson’s Second-Quarter Earnings Call Focuses on $600 Million “Landmark Ruling”; Company Says It Will Appeal
Logistics company C.H. Robinson’s second-quarter earnings conference call focused primarily on the more than $600 million “jury verdict” handed down against it by a Texas court last week. The verdict
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Australia sues Telegram over alleged failures to remove terror content
Australia's eSafety Commissioner has initiated court proceedings against Telegram, alleging the platform failed to detect and remove extremist material shared by users.
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Digital avatar of Jair Bolsonaro tests Brazil’s AI election rules amid legal challenge
A digital avatar of former Brazilian President Jair Bolsonaro is testing the country's AI election rules after drawing a legal challenge from left-wing groups. Bolsonaro's lawyers maintain that he did
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On August 27, the first ruling will be handed down in the case involving Bithumb’s erroneous transfer of Bitcoin.
Svmuu News: A South Korean court is set to issue its first first-instance ruling on August 27 regarding the Bithumb incident involving the mistaken transfer of Bitcoin. The user in question is accused
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SEC Reaches Settlement with Coinbase Regarding Lawsuits from the Gensler Era
Svmuu News: The U.S. SEC reached a settlement with Coinbase on Wednesday, ending a years-long legal dispute between the two parties over the handling of record requests during the Gensler era. Accordi
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Payward, Kraken's parent company, has requested an investigation into PowerTrade and its co-founders' financial information
Svmuu News: Payward, the parent company of Kraken, has filed a motion in U.S. federal court seeking discovery of evidence from several U.S. financial institutions related to the crypto derivatives fir
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Latest Update on the “Legal Claim to Satoshi Nakamoto Bitcoin” Case: The Case Is Still Pending; Attorney Calls for Avoiding a Unilateral Ruling
Svmuu News: Alex Thorn, Head of Research at Galaxy Digital, has released an update on the latest developments in the lawsuit surrounding “the case seeking to assert legal ownership of Satoshi Nakamoto
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OpenAI sued by Florida Attorney General over damages caused by artificial intelligence
Svmuu: According to WSJ, OpenAI has been sued by the Florida Attorney General over damages caused by artificial intelligence. (Jinshi)
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New York Court Hears Case Claiming Ownership of Bitcoin from Dormant Addresses, Including Satoshi Nakamoto's, Worth a Total of $274 Billion
Svmuu reports that Galaxy stated in March this year, the New York State Supreme Court quietly accepted a lawsuit seeking to confirm the ownership of over 3.7 million Bitcoin (worth approximately $274
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A New York appeals court ruled that a former Jefferies Financial Group Inc. hedge fund manager accused of defrauding his former employer can sue the company to cover his legal defense costs.
A New York appeals court ruled that a former Jefferies Financial Group Inc. hedge fund manager accused of defrauding his former employer can sue the company to cover his legal defense costs.
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Meta Q3 revenue beats expectations, but profit hit by $18B legal settlement and $25B New Mexico ruling; shares jump 7%
Meta's third-quarter revenue surpassed investor expectations, driven by its aggressive investment in AI. However, the social media giant's profits were significantly impacted by an $18 billion legal s
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Utah Sues Kalshi and Susquehanna Firms Over Alleged Illegal Betting
Utah has filed a lawsuit against Kalshi and Susquehanna firms, seeking injunctions, restitution, and profits. The state alleges that market makers helped sustain illegal wagering despite Kalshi’s defe
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Top U.S. real estate brokerage Compass sues California's largest property listing service
Compass Inc., a top U.S. residential real estate brokerage, sued California's largest real estate listing service on Friday over rules regarding timely access to information about homes for sale. The
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Eight U.S. states are suing OpenAI, alleging ChatGPT harms children.
Eight U.S. states are suing OpenAI, alleging ChatGPT harms children.
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Sam Bankman-Fried's lawyer lays out ex-FTX CEO's Supreme Court case; decision could be released as early as June 2027 if reviewed
Sam Bankman-Fried's lawyer lays out ex-FTX CEO's Supreme Court case; decision could be released as early as June 2027 if reviewed
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9/11 Victims Claim 127,271 Bitcoins Seized by US Government from China-Iran Mining Pool
Victims and families of victims of the 9/11 terrorist attacks have filed a statement of interest seeking the bitcoin previously seized by the U.S. government from the LuBian.com mining pool. The filin
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A shareholder lawsuit against Coinbase was dismissed by a Texas commercial court because the shareholders failed to first make a demand to the board of directors under new rules after the company relocated to Texas.
The Texas Business Court on October 2 dismissed a derivative lawsuit filed by shareholder Gary Guillaume against Coinbase directors. The court ruled that because Coinbase had reincorporated from Delaw
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Conduit sues Tether over $2.76 million freeze, alleging no legal entitlement to funds
Conduit is suing Tether in NY federal court, alleging the USDT issuer froze $2.76 million of its funds for over a year without explanation.
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Suncor and Exxon Face Climate Reckoning in Supreme Court as Case Tests States' Right to Sue for Global Warming Damages
Suncor and Exxon Face Climate Reckoning in Supreme Court as Case Tests States' Right to Sue for Global Warming Damages
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London Gold Body Faces Existential Legal Battle Next Week, Threatening Bullion Market Supply Chain Oversight
The industry body that sets the rules for the world’s biggest gold market faces an existential legal battle in a London courtroom next week, in a case that could have far-reaching implications for how
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Former YPF Investors Ask US Supreme Court to Review Lower Court's Reversal of $16 Billion Favorable Ruling
Former investors in Argentina's state-owned oil company YPF SA have asked the U.S. Supreme Court to review a lower court's decision that overturned a $16 billion judgment in their favor. The federal a
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US court blocks victims from 127,000 seized Bitcoin, citing lack of plausible link to wallets
A US court on Sept. 25 rejected claims by nine alleged fraud victims seeking to contest the forfeiture of approximately 127,271 Bitcoin. The court found their filings did not plausibly connect their l
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Golden Gate Capital Sued by Policyholders Over $2.2 Billion Capital Shortfall at Insurer
Policyholders of life insurer PHL Variable Insurance Co. are suing its private equity owner, Golden Gate Capital, alleging self-dealing and mismanagement that led to a $2.2 billion capital shortfall f
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Meta lost a trial in New Mexico and faces a potential fine of up to $219 billion. Its stock closed down 3.33% on Friday.
Meta Platforms lost a trial in New Mexico on Thursday, with a jury ruling that the company deceived the public regarding its speech and data privacy policies, violating state law. This marks the most
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Sam Bankman-Fried asks Supreme Court to overturn fraud conviction and $11 billion forfeiture
Sam Bankman-Fried says he was unfairly barred from providing evidence that FTX had more than enough assets to cover losses from the collapse.
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Samsung wins lawsuit against German city over schools' iPad procurement, court rules city must reopen tender
Samsung Electronics has won a lawsuit against the German city of Datteln over the procurement of 665 tablets for schools. The court ruled that Datteln must reopen the tender process and not exclusivel
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Crypto lobbying orgs ask court to suspend Illinois tax as legal case continues
The Crypto Council for Innovation and Blockchain Association filed a motion for a preliminary injunction, weeks after they sued to block the law.
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Paramount (PSKY) CEO Clears 68 Countries for $110B WBD Deal, But California Lawsuit Stalls Amid Deteriorating Talks; Faces $650M Quarterly Fee
Paramount Skydance Corporation (PSKY) CEO David Ellison has secured regulatory approval in 68 jurisdictions for his $110 billion bid to acquire Warner Bros. Discovery, Inc. (WBD). However, a lawsuit l
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Sony dismisses PS5 buyers' $508M tariff refund claim as 'illogical'
Sony has asked a federal judge to dismiss a class action lawsuit demanding that PlayStation 5 buyers receive a share of the $508 million it expects to recover in tariff refunds. Sony's lawyers argue t
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Connecticut sues Kalshi over sports event contracts
The lawsuit is part of a months-long legal feud. Kalshi's Head of Litigation, Jovy Dedaj, called the move "arbitrary and inconsistent enforcement," noting that other platforms continue to operate in t
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Meta settles social media addiction lawsuits with multiple U.S. states, agrees to pay up to approximately $18 billion and implement usage restrictions for minors.
On Wednesday, local time, Meta reached an agreement with attorneys general from various U.S. states and territories, agreeing to pay up to approximately $18 billion to end a federal trial that had ent
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Aston Martin Bondholders Seek U.S. Court Authorization for Discovery to Support U.K. Litigation Against Company's Debt Restructuring
Two US bondholders, Arini Capital Management and Tresidor Investment Management, have filed an application with a New York court seeking authorization to collect evidence for a legal challenge in the
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Meta reaches a US$16.7 billion settlement with 29 states to resolve social media addiction lawsuits, but its stock price remains largely unaffected.
Meta Platforms Inc. reached a settlement with 29 state attorneys general regarding allegations that its social media platforms harm children, agreeing to pay approximately $16.7 billion. This amount r
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OneCoin Status: Legal Liquidation and Victim Compensation Progress
OneCoin, a fraudulent scheme characterized as a Ponzi scheme by law enforcement agencies worldwide, claimed to be a cryptocurrency but lacked a genuine blockchain. Recent "good news" actually signifies progress in its legal liquidation process: a co-founder has been sentenced to a lengthy prison term, the chief compliance officer has been convicted, and the U.S. Department of Justice has initiated a victim compensation program. The main founder, Ruja Ignatova, remains at large with a substantial bounty on her head. This article outlines the project's fraudulent nature, the latest legal status of key individuals involved, and the avenues available for victims to claim compensation.
Legal Proceedings
24H Trending
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Samsung Electronics is down 4.44% from its previous close, now trading at ₩231,250.
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SK Hynix is up 5.58% from its previous close, now trading at ₩1,570,000.
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Samsung Electronics fell 5.99% from its previous close, now trading at ₩227,500.
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Nikkei Asia: Iranian separatists intensify attacks and seize territory in response to a potential full-scale US assault.
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China's tech stocks lose luster as STAR 50 Index plunges over 40% from July peak, CATL falls 37% YTD amid AI profit doubts
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India approves $22 billion in military spending to address border tensions with China.
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FERMA Coin: Current Status and Future Outlook
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What is FLOW? An Analysis of the Flow Blockchain Ecosystem and Its Current Status
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LS Cable subsidiary Gaon Cable secures W120b ($90m) US AI data center cable deal
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Obama criticizes Trump's Iran war, citing US vulnerability and rising oil prices
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