The Supreme Court on Monday declined to hear an appeal in an antitrust lawsuit brought by 17 U.S. states against Google, allowing a lower court’s ruling to stand. The decision compels South Carolina’s parks, recreation, and tourism agency to release records that Google sought for its defense. The states accuse Google of maintaining an illegal…
The cryptocurrency sector may face less scrutiny as Republican President-elect Donald Trump prepares to reshape policies at the Justice Department and regulatory agencies, according to current and former senior government lawyers who spoke at a conference in New York on Friday. Financial fraud cases will still move forward, but Trump’s administration plans to prioritize areas…
Intrum (INTRUM.ST), Europe’s largest debt collector, filed for Chapter 11 bankruptcy in the United States on Friday as part of its strategy to restructure its debt. The company has faced challenges stemming from the pandemic, an energy crisis, and two-decade-high interest rates, which failed to trigger a surge in loan defaults. At the end of…
The U.S. Supreme Court on Tuesday declined to hear a bid by landlord groups challenging New York City’s rent stabilization laws, which cap rent hikes and limit evictions. The justices rejected appeals by property owners who argued that the city’s price and eviction controls violate the Fifth Amendment’s “takings clause,” which prohibits the government from…
Major League Baseball’s players union resolved a lawsuit accusing sports betting giant FanDuel of improperly using the names and likenesses of hundreds of MLB players on its betting platform without authorization. On Friday, a FanDuel spokesperson announced that the company and the union had finalized a confidential licensing agreement. In a New York federal court…
Billionaire entrepreneur Elon Musk expanded his lawsuit against OpenAI, accusing the ChatGPT creator and its largest financial backer, Microsoft, of engaging in illegal practices to monopolize the generative AI market and undermine competitors. Musk filed the amended lawsuit on Thursday night in federal court in Oakland, California, adding federal antitrust and other claims to his…
Prosecutors stated on Wednesday that although the jury in former New Jersey senator Robert Menendez’s corruption trial reviewed improper evidence during deliberations, the error does not warrant overturning his conviction. Menendez, 70, resigned from the U.S. Senate in August after a Manhattan federal jury found him guilty of selling his influence in exchange for bribes,…
On Tuesday, a federal judge struck down a Louisiana law that mandated displaying the Ten Commandments in all public school classrooms, deeming it unconstitutional. U.S. District Judge John deGravelles called the law “discriminatory and coercive,” marking a temporary setback for conservative groups pushing for greater public expressions of faith. Public schools in the U.S. often…
The judge in Donald Trump’s criminal hush money case has postponed ruling on whether Trump’s conviction should be dismissed on immunity grounds, allowing prosecutors to consider next steps following his November 5 election victory. Justice Juan Merchan had initially scheduled a Tuesday ruling on Trump’s argument that the U.S. Supreme Court’s recent decision—granting presidents immunity…
The Democratic majority in the U.S. Senate launched an urgent effort on Tuesday to confirm as many of President Joe Biden’s judicial nominees as possible, aiming to prevent vacancies that Republican Donald Trump could fill if he takes office on January 20. With Republicans poised to control the Senate starting January 3, Senate Democrats began…
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