PYMNTS-MonitorEdge-May-2024

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.

Nvidia and Microsoft Face Lawsuit Alleging AI Chip-Related Patent Infringement
Nvidia and Microsoft Face Lawsuit Alleging AI Chip-Related Patent Infringement
September 05, 2024  |  Legal

Nvidia, Microsoft and patent risk management company RPX are facing a lawsuit accusing them of “rampant” patent infringement and antitrust law violations. The suit was filed Thursday...

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CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
September 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial...

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Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans
Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans
September 05, 2024  |  Legal

Former Wirecard CEO Markus Braun’s legal troubles are reportedly worsening. A judge ordered Braun and two other executives from the defunct German payments company to...

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Liability Remains Murky Despite Reduction in UK Push Payments Fraud Fine
Liability Remains Murky Despite Reduction in UK Push Payments Fraud Fine
September 04, 2024  |  Security & Fraud

It’s said in jurisprudence that hard cases make bad law. Bad laws have the unintended consequences of hurting society, encouraging bad behavior, or both. In...

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Antitrust Trial Targeting Google’s Digital Ad Business to Begin Monday
Antitrust Trial Targeting Google’s Digital Ad Business to Begin Monday
September 04, 2024  |  ANTITRUST

A month after losing a landmark antitrust case, Google will reportedly face another antitrust trial that targets its digital advertising business. In a trial set...

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SEC Says 6 Credit Rating Agencies Failed to Preserve Electronic Communications
SEC Says 6 Credit Rating Agencies Failed to Preserve Electronic Communications
September 03, 2024  |  Legal

The Securities and Exchange Commission (SEC) has charged six credit rating agencies with “significant” recordkeeping failures in maintaining and preserving electronic communications. The firms have agreed...

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CrowdStrike Faces ‘Daunting’ Legal Battles Beyond Potential Delta Suit
CrowdStrike Faces ‘Daunting’ Legal Battles Beyond Potential Delta Suit
September 02, 2024  |  Legal

CrowdStrike faces numerous legal challenges from the glitch that caused a global tech outage. While the potential $500 million suit from Delta Air Lines is...

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Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs
Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs
September 02, 2024  |  Legal

A federal court has fined Nigerian businessman Dozy Mmobuosi $250 million following a fraud investigation. The court order — issued last week and the subject...

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Nordea Reaches Settlement With New York DFS Over Compliance Failures
Nordea Reaches Settlement With New York DFS Over Compliance Failures
August 27, 2024  |  Legal

Nordea Bank Abp has reached a settlement with the New York State Department of Financial Services (DFS) after the regulator determined that the bank had compliance...

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