New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies. Now, Attorney General Letitia James is alleging that the fraud scheme carried out by Digital Currency Group (DCG), its Genesis Global Capital offshoot, and Gemini Trust was three times the size once thought, at $3 billion. In an amended...
A new lawsuit accuses SiriusXM of making it too hard for customers to cancel subscriptions. The suit, filed against the satellite radio service Wednesday (Dec. 20) by the New York attorney general, said SiriusXM maintains a “deliberately long and burdensome” cancellation process. According to a news release, the...
Uber and Lyft will pay a combined settlement of $328 million after multi-year investigations into their practices by the New York State Attorney General. The investigations found that the companies withheld pay from drivers, deducting sales taxes and fees that should have been paid by...
The Commodity Futures Trading Commission (CFTC) is reportedly considering filing a lawsuit against Celsius Network and its former CEO. The agency’s investigators have concluded that the bankrupt crypto lender and former CEO Alex Mashinsky broke rules before the company collapsed, Bloomberg reported Wednesday (July 5), citing unnamed...
May 20, 2024
Cryptocurrency firm Genesis has been banned from operating in New York and will pay a settlement worth $2 billion, the Office of the New York State Attorney General (NYAG) said in a Monday (May 20) press release. This settlement includes the bankrupt firms Genesis Global Capital, Genesis Asia Pacific and Genesis Global Holdco, according to the release. “This historic settlement is a major step toward ensuring […]
February 11, 2024
New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies. Now, Attorney General Letitia James is alleging that the fraud scheme carried out by Digital Currency Group (DCG), its Genesis...
December 20, 2023
A new lawsuit accuses SiriusXM of making it too hard for customers to cancel subscriptions. The suit, filed against the satellite radio service Wednesday (Dec. 20) by the New York attorney general,...
November 02, 2023
Uber and Lyft will pay a combined settlement of $328 million after multi-year investigations into their practices by the New York State Attorney General. The investigations found that the companies...
