legal

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

FTC Enforcement Sweep Targets ‘Fever Pitch’ of AI Scams
FTC Enforcement Sweep Targets ‘Fever Pitch’ of AI Scams
September 25, 2024  |  artificial intelligence

The Federal Trade Commission (FTC) announced five law enforcement actions that it said are part of a crackdown on deceptive artificial intelligence (AI) claims and...

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Visa Responds to DOJ Debit Card Complaint
Visa Responds to DOJ Debit Card Complaint
September 24, 2024  |  ANTITRUST

Following through on reports circulated Monday (Sept. 23), the U.S. Department of Justice filed an antitrust lawsuit against Visa, accusing it of stifling competition in...

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Caroline Ellison Gets 2 Years in Prison for Role in FTX Collapse
Caroline Ellison Gets 2 Years in Prison for Role in FTX Collapse
September 24, 2024  |  Legal

Caroline Ellison, the former executive who played a role in the collapse of the FTX crypto exchange and later became the star witness in the...

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Javice Trial: Frank Founder’s Fraud Case Delayed Amid Defense Preparations
Javice Trial: Frank Founder’s Fraud Case Delayed Amid Defense Preparations
September 23, 2024  |  Legal

Charlie Javice, the young entrepreneur accused of deceiving JPMorgan Chase in a $175 million acquisition deal, will now face trial next year, according to several published reports. A...

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Yotta Alleges Theft of Customer Funds in Evolve Lawsuit
Yotta Alleges Theft of Customer Funds in Evolve Lawsuit
September 18, 2024  |  Legal

The continued fallout from the collapse of Synapse Financial Technologies has heightened the discussion — and regulatory examination — of how end-user and various types...

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SEC and Prager Metis Settle Charges Related to FTX Audits
SEC and Prager Metis Settle Charges Related to FTX Audits
September 17, 2024  |  Legal

The Securities and Exchange Commission (SEC) has announced a settlement with audit firm Prager Metis that includes charges related to the firm’s audits of FTX....

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FTC Gets $40 Million Settlement in Alleged Unauthorized Billing Scheme
FTC Gets $40 Million Settlement in Alleged Unauthorized Billing Scheme
September 17, 2024  |  Legal

Defendants who allegedly enrolled consumers, without their knowledge, into continuity plans for products they did not buy will forfeit assets valued at $40 million and...

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Amazon Files Lawsuit Targeting Allegedly False Trademark Infringement Notices
Amazon Files Lawsuit Targeting Allegedly False Trademark Infringement Notices
September 16, 2024  |  Amazon

Amazon’s Counterfeit Crimes Unit filed a lawsuit against companies and individuals it alleged obtained invalid trademarks or filed fake complaints to have Amazon remove their...

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Synapse Bankruptcy Update: Court Filing Reveals Slow Progress on Releasing End User Funds
Synapse Bankruptcy Update: Court Filing Reveals Slow Progress on Releasing End User Funds
September 16, 2024  |  Legal

The latest court filing from the trustee overseeing the Chapter 11 bankruptcy of Synapse Financial Technologies illustrates the progress — months in the making, incremental...

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