Efficiency
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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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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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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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Authorities have arrested an Alaska man, Panos Anastasiou, 76, on charges that he threatened to assault, kidnap, and murder six U.S. Supreme Court justices and some of their family members. Prosecutors allege that Anastasiou sent over 465 threatening messages through the Supreme Court’s website, starting in March 2023, with the threats escalating in violence by…
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The percentage of students of color in Harvard Law School’s new class dropped to 43% from 51% in 2023, according to data posted on the school’s website. This marks the first class admitted after the U.S. Supreme Court’s 2023 ruling that barred colleges and universities from considering race in admissions. The court’s decision came in…
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The Supreme Court rejected the Green Party’s attempt to rejoin the Nevada ballot on Friday, strengthening the Democrats’ effort to keep the party and its presidential candidate, Jill Stein, from competing in this battleground state for the November 5 election. The justices upheld a Nevada Supreme Court ruling, which barred the Green Party after it…
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A federal judge ruled on Thursday that George Mason University can continue its investigation into former law professor Joshua Wright, a former U.S. Federal Trade Commission member who resigned in 2023 following multiple accusations of sexual misconduct. U.S. District Court Judge Patricia Tolliver Giles, presiding in the Eastern District of Virginia, did not fully dismiss…
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