Lawsuits

Chinese Investors File Lawsuit Against US-Based Alleged Crypto Fraudster Who Promised $200,000 Profits per Day

<div class=”featured_image_container”> </div> <strong>A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising earnings of “$200,000 in one day.”</strong> Scam Allegedly Ran From 2016 to …

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US SEC Has Brought 75 Enforcement Actions on Crypto Industry

<div class=”featured_image_container”> </div> <strong>The U.S. Securities and Exchange Commission (SEC) has brought 75 enforcement actions against companies and individuals in the crypto industry so far, according to a new report by Cornerstone Research. The agency also brought 19 trading suspension orders against digital asset market participants, and 43 were litigated in U.S. district courts.</strong> 75 …

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Facebook asks judge to toss antitrust suits, claiming no consumer harm

Enlarge / Just two of the many apps Facebook owns and operates. Tom Weller | DeFodi Images | Getty Images Facebook is asking a federal judge to dismiss landmark antitrust suits against it, arguing that its “innovative free products deliver value” to consumers and that there’s no evidence it behaved anticompetitively or broke the law. …

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Twitter sues Texas AG to stop “retaliatory” content-moderation probe

Enlarge Thomas Trutschel / Getty Images Twitter is suing Texas Attorney General Ken Paxton, alleging that a probe Paxton launched into its business is an act of retaliation against the platform’s choice to ban the account of former US President Donald Trump. The suit (PDF) accuses Paxton of using his office to “intimidate, harass, and …

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TikTok agrees to proposed $92 million settlement in privacy class action

Enlarge Mateusz Slodkowski | SOPA Images | LightRocket | Getty Images TikTok parent company ByteDance has agreed to a $92 million deal to settle class-action lawsuits alleging that the company illegally collected and used underage TikTok users’ personal data. The proposed settlement (PDF) would require TikTok to pay out up to $92 million to members …

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DOJ drops lawsuit challenging California’s net neutrality law

The U.S. Justice Department (DoJ) dropped its lawsuit against California’s net neutrality law on Monday, reports Reuters, foreshadowing the Biden administration’s approach to internet regulation. Acting Federal Communications Commission (FCC) Chair Jessica Rosenworcel welcomed the news as a sign that open internet rules would soon be reinstated across the country. “When the FCC, over my …

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Tesla accuses engineer of stealing crucial company software

Xinhua/Ding Ting via Getty Images Tesla is no stranger to allegations of staff stealing its technology, but its latest case may be particularly brazen if true. As Electrek has learned, the EV maker has sued engineer Alex Khatilov for allegedly stealing the company’s custom Warp Drive software (used to automate purchasing and other systems) within …

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Filing: Amazon warned Parler for months about “more than 100” violent threats

Enlarge / Amazon Web Services (AWS) logo displayed during the 4th edition of the Viva Technology show at Parc des Expositions Porte de Versailles on May 17, 2019, in Paris, France. Chesnot | Getty Images Amazon on Tuesday brought receipts in its response to seemingly defunct social networking platform Parler’s lawsuit against it, detailing AWS’ …

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Dominion Voting suing “kraken” lawyer Sidney Powell for $1.3B

Enlarge / Sidney Powell, flanked by Rudy Giuliani, at a press conference on Nov. 19, three days before the Trump campaign publicly cut ties with her. Tom Williams | CQ Roll Call | Getty Images Dominion Voting Systems has filed a suit against former Trump campaign attorney Sidney Powell, alleging that her widespread, unfounded conspiracy …

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Ripple ‘Tried’ to Settle With SEC Ahead of XRP Suit, CEO Says

Ripple tried to settle charges of conducting unregistered securities transactions with the U.S. Securities and Exchange Commission (SEC) before the federal regulator sued it in December, CEO Brad Garlinghouse said Wednesday. In a Twitter thread, Garlinghouse addressed what he described as five “key questions” about the SEC’s suit against Ripple, though he warned that he …

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