A federal appeals court ruled Friday (Dec. 6) that the U.S. law requiring Chinese company ByteDance to sell its TikTok app or see the app banned in the country does not violate the First Amendment. The ruling means that the ban will take effect Jan. 19 unless...
A federal judge denied American Express’ motions to compel arbitration and to dismiss a federal antitrust lawsuit brought by 5-Star General Store on behalf of more than 5,000 merchants. U.S. District Judge Mary S. McElroy ruled Monday (Dec. 2) that American Express was in default...
Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were once held by Evolve were moved by Synapse to other banks about a year ago, before the bankruptcy. The bank...
Barclays has reportedly asked ex-CEO John Varley to help it challenge a $50 million fine. The British banking giant will appear before the upper tribunal in London this week, challenging the fine over an emergency fundraising with investors from Qatar at the height of the...
A new lawsuit brought by fans of Taylor Swift and other musicians reportedly accuses Ticketmaster and its parent company, Live Nation, of colluding with other organizations to drive up ticket prices. The plaintiffs allege that this conduct violates the Racketeer Influenced and Corrupt Organizations (RICO) Act, as...
FTX is suing cryptocurrency giant Binance and its former CEO for $1.8 billion. The lawsuit, filed Sunday (Nov. 10) by the FTX bankruptcy estate, centers around what FTX labeled a “fraudulent” share deal. It also accuses ex-Binance chief executive Chanpeng Zhao of orchestrating a “campaign to destroy” his one-time...
FTX has reportedly sued former Trump administration official Anthony Scaramucci to recover creditor funds. The suit was one of several filed by the bankrupt cryptocurrency company in its efforts to claw back money owed to its creditors, TechCrunch reported Saturday (Nov. 9). In addition to...
Cryptocurrency-executive-turned-government-witness Caroline Ellison’s stint in prison is officially underway. Ellison, whose testimony helped convict FTX founder Sam Bankman-Fried for fraud last year, arrived at a Connecticut low-security federal prison Thursday (Nov. 7), CNBC reported, citing a Bureau of Prisons spokesperson. Ellison was sentenced in September...
Smaller pharmacies are accusing GoodRx and CVS of colluding to suppress generic prescription drug reimbursements. As Reuters reported Tuesday (Nov. 5), drug coupon aggregator GoodRx and a pair of pharmacy benefit managers (PBMs) — CVS’s Caremark unit and Express Scripts — have all been named in at least three lawsuits by independent pharmacies. PBMs, the...
