Lawsuit

Nano seeks $700K in costs from plaintiff who dropped class action with ‘absurd’ claims

An ongoing lawsuit involving crypto project Nano has taken another turn this week when the developers sought a sanction after the plaintiff dropped the case. The Nano team is after $701,000 in attorney fees and costs as a sanction after a token buyer dropped his proposed class action. On July 27, its legal team told …

Nano seeks $700K in costs from plaintiff who dropped class action with ‘absurd’ claims Read More »

Coinbase, Executives, Investors Hit With Lawsuit Over Nasdaq Listing

<div class=”featured_image_container”> </div> <strong>A class-action lawsuit has been filed against cryptocurrency exchange Coinbase, its executives, and investors over the company’s direct listing on Nasdaq. “According to the complaint, the registration statement and prospectus used to effectuate the company’s offering were false and misleading,” the lawsuit alleges.</strong> Class Action Lawsuit Against Coinbase Scott+Scott Attorneys at Law …

Coinbase, Executives, Investors Hit With Lawsuit Over Nasdaq Listing Read More »

Activision Blizzard sued by state agency over alleged widespread discrimination

Enlarge / Sign on facade of Activision’s Los Angeles offices. Getty Images On Wednesday, a California State agency filed a lawsuit against the game publisher Activision Blizzard over allegations of rampant sexual discrimination and sexual harassment. The nature of this harassment is so widespread, the lawsuit claims, that women who have worked for the game maker …

Activision Blizzard sued by state agency over alleged widespread discrimination Read More »

SEC Charges 3 Individuals for Alleged Long Blockchain Insider Trading Scheme

<div class=”featured_image_container”> </div> <strong>The U.S. SEC charged three individuals that allegedly conducted insider trading related to the Long Blockchain company back in 2017. One of the individuals allegedly traded stocks ahead of the name change that gave the company a price boost. The other two individuals were tipped and took advantage of the data to …

SEC Charges 3 Individuals for Alleged Long Blockchain Insider Trading Scheme Read More »

NCLA Files Appeal Against the IRS — Law Firm Claims Tax Agency Unlawfully Seizes Crypto Data of Thousands

<div class=”featured_image_container”> </div> <strong>On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service (IRS). The U.S. tax agency is accused …

NCLA Files Appeal Against the IRS — Law Firm Claims Tax Agency Unlawfully Seizes Crypto Data of Thousands Read More »

South African asset manager denies stealing billions from users, claims $5M was lost in hack

Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims that he and his brother ran off with billions in investor funds, asserting the platform lost $5 million in a hack. Last week, Cointelegraph reported that AfriCrypt — an asset manager purporting to offer daily returns of up to 10% that …

South African asset manager denies stealing billions from users, claims $5M was lost in hack Read More »

Pornhub sued for allegedly serving “under-age, non-consensual” videos

Enlarge / A Pornhub logo at the company’s booth during the 2018 AVN Adult Expo on January 25, 2018, in Las Vegas, Nevada. Getty Images | Gabe Ginsberg Pornhub was sued yesterday by 34 women alleging that the site hosted videos without their consent and profited from other nonconsensual content involving rape, child sexual abuse, …

Pornhub sued for allegedly serving “under-age, non-consensual” videos Read More »

Block.one free to focus on $10B crypto business after lawsuit settlements

EOSIO developer Block.one says it is focusing on its crypto business mandate after recently settling a class action lawsuit. In a blog post published on Friday, the blockchain software firm announced a settlement agreement with a group of investors led by the Crypto Assets Opportunity Fund related to the 2018 EOS initial coin offering. If …

Block.one free to focus on $10B crypto business after lawsuit settlements Read More »

Alleged $3.6B crypto Ponzi’s ‘victims’ still believe the exchange is legit

Victims of an alleged $3.6 billion crypto Ponzi scheme in South Korea are reportedly hampering the progress of a police investigation and a joint lawsuit — as they still believe in the project and hold out hopes of getting a return on their investments. On June 4, Korean law firm Daegon reportedly filed a joint …

Alleged $3.6B crypto Ponzi’s ‘victims’ still believe the exchange is legit Read More »

Apple CEO faces tough questioning as Epic Games trial wraps up

Enlarge / Apple CEO Tim Cook introduces the WWDC 2020 keynote. Apple Apple CEO Tim Cook faced pointed questioning from Judge Yvonne Gonzalez Rogers during his long-awaited testimony in the Epic Games v. Apple trial Friday. Rogers wrapped up nearly three weeks of witness testimony with an extended back-and-forth with Cook. She began by asking …

Apple CEO faces tough questioning as Epic Games trial wraps up Read More »