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.

Court Denies Bankman-Fried’s Motions to Dismiss Counts
Court Denies Bankman-Fried’s Motions to Dismiss Counts
June 27, 2023  |  Legal

A New York court has denied motions to dismiss counts against Sam Bankman-Fried. The founder and former CEO of bankrupt cryptocurrency exchange FTX had sought a dismissal of...

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FTX Recovers $7 Billion as Unnamed Lawyer Enters Debtors’ Crosshairs
FTX Recovers $7 Billion as Unnamed Lawyer Enters Debtors’ Crosshairs
June 27, 2023  |  Cryptocurrency

As the old adage goes, lying and stealing live next door to each other. And in the case of the failed FTX cryptocurrency exchange, it...

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Thomson Reuters Adds to AI Stable With $650M Casetext Deal
Thomson Reuters Adds to AI Stable With $650M Casetext Deal
June 27, 2023  |  Acquisitions

Thomson Reuters has acquired artificial intelligence (AI)-powered legal startup Casetext for $650 million. The Canadian multinational — whose businesses include news organization Reuters and legal...

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Supreme Court Says Customer’s Lawsuit Against Coinbase Must Pause
Supreme Court Says Customer’s Lawsuit Against Coinbase Must Pause
June 23, 2023  |  Legal

The U.S. Supreme Court has ruled that a lawsuit against Coinbase must pause while the company tries to take the matter to arbitration. A case...

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Overstock.com Wins Auction for Bed Bath and Beyond Digital and Other Assets
Overstock.com Wins Auction for Bed Bath and Beyond Digital and Other Assets
June 22, 2023  |  Retail

Bankrupt Bed Bath and Beyond Inc. is expected to sell its intellectual property and some of its digital assets to online retailer Overstock.com Inc. for...

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Report: JPMorgan Chase Files Insurance Claim on Frank Acquisition
Report: JPMorgan Chase Files Insurance Claim on Frank Acquisition
June 21, 2023  |  Acquisitions

J.P. Morgan Chase reportedly aims to collect on an insurance policy after its acquisition of college aid platform Frank. The bank and Frank founder Charlie Javice...

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Binance Exits Holland and Faces Money Laundering Probe in France
Binance Exits Holland and Faces Money Laundering Probe in France
June 16, 2023  |  Cryptocurrency

Embattled cryptocurrency exchange Binance is reportedly the target of a money laundering probe in France. According to multiple published reports Friday (June 16), including one...

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Bankman-Fried Prosecutors Agree to Temporarily Withdraw Some Charges
Bankman-Fried Prosecutors Agree to Temporarily Withdraw Some Charges
June 15, 2023  |  Legal

Federal prosecutors have agreed to withdraw several charges against FTX founder Sam Bankman-Fried. The decision — announced in a letter to U.S. District Judge Lewis...

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Will Crypto’s Regulatory Woes Hijack Congress’s Stablecoin Hearing?
Will Crypto’s Regulatory Woes Hijack Congress’s Stablecoin Hearing?
June 13, 2023  |  Cryptocurrency

When it comes to cryptocurrency in America, the pressure is on for lawmakers in part because the pressure is already stifling for digital asset firms...

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