accountability
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Siemens Energy Inc has filed a lawsuit in a Texas court against Citgo Petroleum’s parent company, PDV Holding, seeking to recover approximately $200 million from a promissory note that Venezuela defaulted on. This lawsuit emerged as creditors involved in an auction of Citgo’s parent shares in Delaware begin turning to other U.S. courts to enforce…
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The Supreme Court declined to hear Uber and Lyft’s challenge against lawsuits filed by the state of California. The state argues that the companies owe money to drivers misclassified as independent contractors instead of employees. The justices rejected the appeals following a California state appeals court ruling that allowed the Democratic-led attorney general and labor…
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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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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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