SEC Appeals $125 Million Judgment in Ripple Labs XRP Lawsuit (1)
Oct 2, 2024 · The US Securities and Exchange Commission appealed a court decision ordering Ripple Labs Inc. to pay a $125 million civil penalty for improperly selling its XRP token, a fraction of the $2 billion the regulator sought in a long legal battle with the cryptocurrency company.. Ripple Labs was sued in 2020 by the SEC, which claimed the company broke the law when it raised money by selling the ...
Capital One-Discover Deal Hits Roadblock in Bank Merger Overhaul
New federal guidelines calling for stricter reviews of bank deals are likely to present fresh hurdles for Capital One Financial Corp.'s pending $35 billion acquisition of Discover Financial Services.. The tie-up, announced in February, would create the sixth-largest bank by assets and the largest credit card issuer in the US based on outstanding loans.
RFK Jr. Wins Deferred Injunction in Vax Social Media Suit (1)
Feb 15, 2024 · Robert F. Kennedy Jr. won a preliminary injunction against the White House and other federal defendants in his suit alleging government censorship of his statements against vaccines on social media.
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Google’s Chrome to Fetch Up to $20 Billion If Judge Orders Sale
Nov 19, 2024 · Alphabet Inc. ’s Chrome browser could go for as much as $20 billion if a judge agrees to a Justice Department proposal to sell the business, in what would be a historic crackdown on one of the world’s biggest tech companies. The department will ask the judge, who ruled in August that Google illegally monopolized the search market, to require measures related to artificial intelligence and ...
US Investigating SAP, Carahsoft for Possible Price-Fixing (1)
German software developer SAP SE, product reseller Carahsoft Technology Corp. and other companies are being probed by US officials for potentially conspiring to overcharge government agencies for years.. Since at least 2022, Justice Department lawyers have been looking at whether SAP — which makes accounting, human resources, supply chain and other business software used across the globe ...
401(k) Student Loan Match Perk Hindered by Employer Hesitation
Companies have been slow to offer an enticing new perk—a 401(k) match for employees’ student loan payments—because of compliance and logistical concerns even as the IRS cleared the way for employers to provide the benefit.
Covid-19 Vaccine Injury Program Hit With Federal Lawsuit
Oct 12, 2023 · Individuals who say they were injured by Covid-19 vaccines are suing the Biden administration over a payout process that shields drug companies from lawsuits, saying it’s unconstitutional and deprives them of their right to a jury trial.
Kia, Hyundai Drivers' $145 Million Theft Deal Gets Final Stamp
Oct 3, 2024 · A federal judge granted final approval for a $145 million settlement that will resolve consumers’ claims alleging Kia Corp. and Hyundai Motor Co. knowingly sold millions of vehicles lacking adequate anti-theft features.. The US District Court for the Central District of California rejected several objectors’ arguments that the non-reversionary $145 …
GE Pension Threats Show Peril of Transfers to Insurers, Spinoffs
Aug 12, 2024 · Companies de-risking with Athene have been the subject of heightened legal scrutiny, including plan sponsors AT&T Inc., Alcoa USA Corp., and Lockheed Martin Corp. The GE suit highlighted Athene’s allegedly risky offshore structure, arguing that it jeopardizes workers’ ability to collect benefits without compensating them …