SEC Appeals $125 Million Judgment in Ripple Labs XRP Lawsuit (1)
Oct 2, 2024 · The US Securities and Exchange Commission appealed a court decision ordering Ripple Labs Inc. to pay a $125 million civil penalty for improperly selling its XRP token, a fraction of the $2 billion the regulator sought in a long legal battle with the cryptocurrency company.. Ripple Labs was sued in 2020 by the SEC, which claimed the company broke the law when it raised money by selling the ...
Capital One-Discover Deal Hits Roadblock in Bank Merger Overhaul
New federal guidelines calling for stricter reviews of bank deals are likely to present fresh hurdles for Capital One Financial Corp.'s pending $35 billion acquisition of Discover Financial Services.. The tie-up, announced in February, would create the sixth-largest bank by assets and the largest credit card issuer in the US based on outstanding loans.
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Google’s Chrome to Fetch Up to $20 Billion If Judge Orders Sale
Nov 19, 2024 · Alphabet Inc. ’s Chrome browser could go for as much as $20 billion if a judge agrees to a Justice Department proposal to sell the business, in what would be a historic crackdown on one of the world’s biggest tech companies. The department will ask the judge, who ruled in August that Google illegally monopolized the search market, to require measures related to artificial intelligence and ...
Covid-19 Vaccine Injury Program Hit With Federal Lawsuit
Oct 12, 2023 · Individuals who say they were injured by Covid-19 vaccines are suing the Biden administration over a payout process that shields drug companies from lawsuits, saying it’s unconstitutional and deprives them of their right to a jury trial.
RFK Jr. Wins Deferred Injunction in Vax Social Media Suit (1)
Feb 15, 2024 · Robert F. Kennedy Jr. won a preliminary injunction against the White House and other federal defendants in his suit alleging government censorship of his statements against vaccines on social media.
Warner Bros.' Discovery Merger $125 Million Settlement Approved
Oct 10, 2024 · The Delaware Chancery Court signed off Thursday on a $125 million cash settlement for investors who challenged Discovery Inc.‘s $43 billion merger with AT&T Inc.‘s WarnerMedia unit.
401(k) Student Loan Match Perk Hindered by Employer Hesitation
Companies have been slow to offer an enticing new perk—a 401(k) match for employees’ student loan payments—because of compliance and logistical concerns even as the IRS cleared the way for employers to provide the benefit.
GE Pension Threats Show Peril of Transfers to Insurers, Spinoffs
Aug 12, 2024 · Companies de-risking with Athene have been the subject of heightened legal scrutiny, including plan sponsors AT&T Inc., Alcoa USA Corp., and Lockheed Martin Corp. The GE suit highlighted Athene’s allegedly risky offshore structure, arguing that it jeopardizes workers’ ability to collect benefits without compensating them …
Quick Camp Lejeune Payout Unlikely for Most, Claim Data Shows
Jan 4, 2024 · The Justice Department declined to comment on the data analysis. In court filings, its lawyers said the department had approved 52 early resolution offers and that 28 other claims currently in litigation appear to meet the criteria for an expedited payout.