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.

Suit Filed Against Merchant Cash Advance Companies For Fraud
Suit Filed Against Merchant Cash Advance Companies For Fraud
June 14, 2020  |  B2B Payments

Three merchant cash advance companies are facing a lawsuit from New York Attorney General Letitia James over reportedly practicing illicit measures when loaning money to...

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Simon Property Group Hits Gap With Lawsuit To Recoup Back Rent
Simon Property Group Hits Gap With Lawsuit To Recoup Back Rent
June 04, 2020  |  Legal

All eyes in the retail sector are now on Simon Property Group, as the mall giant hauls The Gap into court for failing to pay...

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Judge: Part Of Shareholder Lawsuit Against Apple Can Proceed
Judge: Part Of Shareholder Lawsuit Against Apple Can Proceed
June 04, 2020  |  Apple

Apple will have to face a judge over accusations that it fraudulently concealed falling iPhone demands and lost shareholders billions of dollars, Reuters reported. Most...

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Uber Customer Asks Judge To Overturn Price-Fixing Ruling
Uber Customer Asks Judge To Overturn Price-Fixing Ruling
May 26, 2020  |  Legal

An Uber customer who launched an antitrust lawsuit against the rideshare giant in 2015 asked a Manhattan federal judge on Friday (May 22) to overturn...

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WA Man Charged With Seeking $1.5M In PPP Loans For Fake Companies
WA Man Charged With Seeking $1.5M In PPP Loans For Fake Companies
May 25, 2020  |  Security & Fraud

A 35-year-old Washington State resident is charged with allegedly attempting to defraud the Paycheck Protection Program (PPP) by requesting loans for companies and employees that...

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First Data And Exec To Pay $40M To Settle FTC Fraud Case
First Data And Exec To Pay $40M To Settle FTC Fraud Case
May 19, 2020  |  Legal

Payments processing giant First Data Merchant Services and one of its executives will pay $40.3 million to settle allegations that they laundered credit card transactions...

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Warren Calls For Prosecution Of Bailout Program Fraudsters
Warren Calls For Prosecution Of Bailout Program Fraudsters
May 19, 2020  |  Regulation

U.S. Sen. Elizabeth Warren (D-Mass.) wants the Federal Reserve Bank to draw up stringent regulations for corporate recipients of U.S. bailout funds – and to...

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Ripple Lawsuit Alleges Fraud In XRP Sale
Ripple Lawsuit Alleges Fraud In XRP Sale
May 05, 2020  |  Legal

A little-known Puerto Rican company, Bitcoin Manipulation Abatement (BMA), has filed a lawsuit against Ripple, accusing the blockchain firm of breaking rules when it ran...

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WeWork’s Ex-CEO Sues SoftBank Over Aborted $3B Deal
WeWork’s Ex-CEO Sues SoftBank Over Aborted $3B Deal
May 05, 2020  |  Legal

WeWork Co-founder Adam Neumann has launched a legal battle with his company’s biggest investor, SoftBank Group Corp., charging that it has wrongfully reneged on a...

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