Staff Writer
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A group of FTX investors informed a Miami federal court on Wednesday that they will voluntarily dismiss their proposed class action against the prominent U.S. law firm Sullivan & Cromwell. The investors accused Sullivan & Cromwell of participating in the multibillion-dollar fraud of the defunct cryptocurrency exchange and enriching itself as FTX’s lead bankruptcy counsel.…
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In the span of two days this week, Alphabet’s (GOOGL.O) Google faced a court order to open its app store, Play, to rivals and learned that the U.S. Justice Department may soon request a judge to break up the company to limit its control over online searches. U.S. Antitrust Cases Against Google Android AppsU.S. District…
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On Wednesday, U.S. Supreme Court justices expressed concerns about a judicial decision allowing Richard Glossip’s execution to proceed as they considered the Oklahoma death row inmate’s appeal regarding his conviction for a 1997 murder-for-hire. During the arguments, the justices examined whether an Oklahoma court appropriately evaluated newly revealed information that Glossip’s lawyers claimed would have…
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TikTok faces new lawsuits filed by 13 U.S. states and the District of Columbia on Tuesday, accusing the popular social media platform of harming and failing to protect young users. These lawsuits, submitted separately in New York, California, the District of Columbia, and 11 other states, expand TikTok’s legal battles with U.S. regulators and seek…
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Forty elite private universities in the U.S. conspired to overcharge for tuition by including noncustodial parents’ assets in financial aid calculations, students allege in a new lawsuit. The proposed class action, filed on Monday night in Chicago by a Boston University student and a Cornell University alum, targets Northwestern, Harvard, Yale, Dartmouth, Cornell, Georgetown, and…
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On Tuesday, the Supreme Court signaled its willingness to uphold the legality of a 2022 regulation from President Joe Biden’s administration that targets “ghost guns,” largely untraceable firearms that have surged in crime nationwide. The justices heard arguments in the administration’s appeal against a lower court’s ruling, which stated that the U.S. Bureau of Alcohol,…
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The State Department has allegedly overcharged millions of Americans for two decades by imposing a $60 fee for fast-tracking passport applications, according to a new lawsuit filed in federal court in California. An Oakland resident initiated the proposed class action on Friday, claiming that the fee for an expedited two-to-three-week turnaround is unjustified, especially since…
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FTX received court approval for its bankruptcy plan on Monday, enabling it to fully repay customers using up to $16.5 billion in assets recovered since the collapse of the once-leading crypto exchange. U.S. Bankruptcy Judge John Dorsey approved the wind-down plan during a hearing in Wilmington, Delaware, praising FTX’s success as “a model case for…
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McDonald’s has filed a lawsuit against JBS, Tyson Foods, and other leading meat processing and packing companies, accusing them of conspiring for years to limit beef supplies. This alleged conspiracy boosted the meatpackers’ profits while forcing McDonald’s to pay artificially inflated prices. In a lawsuit submitted on Friday in Brooklyn federal court, McDonald’s claims the…
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Indiana is moving toward allowing alternative approaches to delivering legal services, following the lead of other U.S. states. On Thursday, the Indiana Supreme Court directed its innovation committee to develop parameters for a “legal regulatory sandbox,” with the goal of creating more flexible legal service models. The committee must submit its proposals by March 1.…
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