legal battle
-
The U.S. Supreme Court’s unanimous ruling, penned by Justice Sonia Sotomayor, grants Macquarie Infrastructure a victory, barring shareholders from suing for fraud solely based on a breach of disclosure rules. The case centered on allegations that Macquarie failed to divulge the risk posed by an international phasing out of high-sulfur fuel oil from 2016 to…
-
Sam Bankman-Fried, convicted of defrauding customers of the now-bankrupt FTX cryptocurrency exchange he founded, has appealed his conviction and 25-year prison sentence. Defense lawyer Marc Mukasey announced the appeal during Bankman-Fried’s sentencing hearing. Prosecutors labeled the case one of the largest financial frauds in U.S. history. Bankman-Fried’s appeal could be lengthy, with his legal team…
-
On Wednesday, federal prosecutors requested a postponement of New Jersey Senator Bob Menendez and his wife’s corruption trial by at least two months. This plea came after Nadine Menendez’s legal team revealed her urgent medical condition necessitating surgery. In a letter to U.S. District Judge Sidney Stein, prosecutors urged for a rescheduling from the original…
-
Families of the victims from two tragic Boeing 737 MAX crashes are intensifying their calls for criminal prosecution against the aerospace company following a mid-air incident in January that exposed persisting safety concerns. Representatives of the victims are set to meet with U.S. Justice Department officials to assert that Boeing breached a 2021 agreement with…
-
The parents of a Michigan teenager who fatally shot four students have been sentenced to 10 to 15 years in prison, marking a landmark case in the realm of school shootings in the United States. James and Jennifer Crumbley, whose son Ethan was convicted of the 2021 Oxford High School shooting, appeared together for the…
-
Arizona’s highest court has resurrected a law from 1864 that effectively prohibits abortion in nearly all circumstances, further diminishing reproductive rights in a state where abortion was already restricted after 15 weeks of pregnancy. In a 4-2 decision, the Arizona Supreme Court sided with an anti-abortion obstetrician and a county prosecutor who defended the law…
-
Former President Donald Trump asserted that individual states, rather than implementing a nationwide ban, should decide on abortion rights. This announcement, made on Monday, reflects a departure from the desires of many within his own Republican Party, who had hoped for Trump’s endorsement of a nationwide ban on abortions after 15 weeks of pregnancy. Trump…
-
On Monday, Donald Trump took a significant legal step by filing a notice of appeal in his New York criminal case, which revolves around allegations related to hush money paid to a porn star. This move appears to be a final attempt to delay the upcoming trial scheduled for April 15. According to records from…
-
Nvidia, the renowned chipmaker and AI technology giant, finds itself embroiled in a legal battle over trademark infringement with Modulus Financial Engineering, a financial-technology company based in Scottsdale, Arizona. The dispute centers around Nvidia’s use of the term “Modulus” in its artificial intelligence software, which Modulus Financial claims infringes upon its own trademarks and could…
-
A jury in Manhattan has found Singapore-based Terraform Labs and its founder, Do Kwon, liable on civil fraud charges brought forth by the U.S. Securities and Exchange Commission (SEC). The verdict, delivered in federal court following a two-week trial, concluded that Terraform and Kwon misled investors before the collapse of their stablecoin in 2022, which…
Categories
About Us
Follow Us
Never miss a story
Get the latest news straight to your inbox.
Copyright 2024 American Law Reporter. All rights reserved.