Legal News
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A judge sentenced former cryptocurrency executive Caroline Ellison to two years in prison on Tuesday for her role in helping her former boyfriend, Sam Bankman-Fried, steal $8 billion in customer funds from the bankrupt FTX exchange. Despite her extensive cooperation with prosecutors, U.S. District Judge Lewis Kaplan emphasized the seriousness of the case. He expressed…
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Elon Musk and X have asked a federal judge to dismiss a lawsuit filed by former CNN anchor Don Lemon, who claimed they defrauded him by canceling a partnership on the social media platform following a contentious interview. In a filing submitted Monday night in San Francisco federal court, Musk argued that he did nothing…
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Former cryptocurrency executive Caroline Ellison will receive her sentencing on Tuesday for her role in helping her former boyfriend, Sam Bankman-Fried, steal approximately $8 billion in customer funds from the now-bankrupt FTX exchange. Ellison, who previously pleaded guilty to seven felony counts of fraud and conspiracy, testified as a key witness in the prosecution of…
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A Johnson & Johnson subsidiary began its third attempt at a multibillion-dollar bankruptcy settlement Monday, facing immediate contention. The settlement aims to end tens of thousands of lawsuits claiming the company’s baby powder and other talc products caused cancer. Attorneys representing cancer victims condemned the bankruptcy as a sham during the first court hearing. They…
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In a significant legal victory, rapper T.I. (Clifford Harris) and his wife, singer-songwriter Tameka “Tiny” Harris, have been awarded $71 million by a jury in their lawsuit against MGA Entertainment. The couple claimed that the toy giant infringed upon the intellectual property rights of their former teen pop group, the OMG Girlz, through its popular…
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Federal prosecutors announced on Monday that they intend to charge Ryan Routh, the man accused of hiding with a gun near former President Donald Trump’s Florida golf course, with attempting to assassinate a major political candidate. The 58-year-old suspect has been ordered to remain in jail without bond while awaiting trial on two gun-related charges.…
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In a notable departure from recent trends, five death row inmates across the United States are scheduled to be executed within a single week, marking the highest number of executions in this time frame in over two decades. This unusual spike comes amid a broader decline in both the application and public support for the…
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California and several environmental groups sued Exxon Mobil on Monday, accusing the oil giant of running a decades-long campaign that fueled global plastic waste pollution. During Climate Week in New York City, California Attorney General Rob Bonta announced the lawsuit after completing a nearly two-year investigation, which he said revealed Exxon deliberately misled the public…
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Ahmad Alissa, the gunman who killed ten people during a mass shooting at a Colorado supermarket in 2021, was sentenced to life in prison on Monday after a jury rejected his insanity defense. Despite his attorneys’ claims that Alissa was unable to distinguish right from wrong due to his schizophrenia, the jury found him guilty…
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A Houston bankruptcy judge accused U.S. law firm Jackson Walker of breaching its ethical duties by failing to disclose earlier the relationship between David Jones, a former Houston bankruptcy judge, and one of its partners. U.S. Bankruptcy Judge Marvin Isgur referred the entire Jackson Walker firm for disciplinary proceedings in a letter sent Friday to…
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