Category: Case
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Mike Lynch Acquitted of All Fraud Charges in Hewlett-Packard Case
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British businessman Mike Lynch was acquitted Thursday of all 15 fraud charges in connection with the $11.1 billion sale of his company Autonomy to Hewlett-Packard in 2011. The trial, which began in March in San Francisco, follows a long extradition battle from England to the United States, where Lynch first…
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SEC to Pay $1.8 Million in Fees Following Dismissal of Case Against Debt Box
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The US District Court for the District of Utah dismissed the SEC’s case against Digital Licensing, which operates under the name Debt Box. The judge also ordered the SEC to pay approximately $1.8 million in attorney and receivership fees. The SEC ordered him to pay $1.8 million in fees In…
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SEC, Terraform Labs, and Do Kwon Reach Agreement in Civil Fraud Case: Report
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Terraform Labs and its founder, Do Kwon, have reached a settlement with the US Securities and Exchange Commission (SEC) following fraud allegations surrounding the collapse of the TerraUSD stablecoin, Reuters reports. The agreement, which was disclosed on the court’s website, was reached after a jury found Kwon and Terraform Labs…
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Court rules DPP attempt to withdraw GDC case unsound
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A Nairobi court has ruled that the decision by the Director of Public Prosecutions (DPP) Renson Ingunga to withdraw graft charges against former officials of the Geothermal Development Corporation (GDC) was not in the public interest. While rejecting the application to withdraw the charges against Mr. Nicholas Karume Wike, Peter…
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Coinbase Strengthens Case For Interlocutory Appeal In Latest Petition
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The long-running legal battle between Coinbase and the US Securities and Exchange Commission (SEC) continues to deliver more twists and turns in what may be a pivotal case in the regulatory history of cryptocurrencies. In a recent development, the US cryptocurrency exchange has now filed a response to the Commission’s…
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Singaporean Woman Sentenced in £3B Bitcoin Fraud Case
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A London court has sentenced a Singaporean woman, Wen Jian, to six years and eight months in prison for her role in laundering Bitcoin (BTC) linked to a stunning $6.4 billion Chinese scam. The case, which involved the seizure of more than 61,000 bitcoins by UK police, has highlighted the…
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Carrefour loses appeal in abuse of buyer power case
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The Supreme Court has upheld a decision convicting retailer Majid Al Futtaim Hypermarkets Limited, operating under the name Carrefour, of abuse of buyer power. Judge Anne Onjejo ruled that the retail chain’s conduct against its supplier Orchards Ltd, a yoghurt producer (which has since gone out of business), was exploitative.…
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Do Kwon’s Extradition Case Sent Back to High Court after Appeal: Report
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The decision to extradite Do Kwon to the United States or South Korea has been returned to the Supreme Court after the Montenegrin Court of Appeal approved an appeal by the Terraform Labs co-founder and his lawyers. Montenegro’s Vijesti news website reported today (Friday) that the country’s Court of Appeal…
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Bristol Myers, Sanofi liability in Hawaii Plavix case grows to $916 million By Reuters
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Written by Brendan Pearson (Reuters) – A Hawaii judge on Tuesday ordered Bristol-Myers (NYSE:) Squibb Inc Sanofi (NASDAQ:) to pay more than $916 million to the state for failing to warn nonwhite patients about health risks from the blood-thinner Plavix, up from a previous judgment of $834 million. The ruling…
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Bristol Myers, Sanofi liability in Hawaii Plavix case grows to $916 million By Reuters
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Written by Brendan Pearson (Reuters) – A Hawaii judge on Tuesday ordered Bristol-Myers (NYSE:) Squibb Inc Sanofi (NASDAQ:) to pay more than $916 million to the state for failing to warn nonwhite patients about health risks from the blood-thinner Plavix, up from a previous judgment of $834 million. The ruling…
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Case Study: Enabling Bitcoin as a Medium of Exchange at the Bitcoin Asia Conference in Hong Kong
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The Bitcoin Asia conference held on May 9-10, 2024 in Hong Kong demonstrated a significant milestone in the adoption of Bitcoin as a legitimate medium of exchange. This article describes the strategies and technologies applied to facilitate seamless Bitcoin transactions of goods and services over the course of two days,…
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HMRC Seeks Another Bite in ‘Mega Marshmallow’ Tax Case
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After losing twice in the protracted ‘huge marshmallow’ tax case, HMRC has announced its intention to lodge another appeal. Last month, the High Tax Court upheld a lower court ruling that “jumbo marshmallows” sold by London-based wholesaler Innovative Bites are not considered sweets and are therefore exempt from VAT. The…
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Nigerian Court Clears Binance Executive for Trial in Tax Evasion Case
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A Nigerian court ruling today (Friday) has paved the way for Binance CEO Tigran Gambaryan to stand trial on behalf of the cryptocurrency exchange in the ongoing tax evasion case. Along with Gambarian, a US citizen and head of financial crimes compliance, British-Kenyan national Nadeem Angarwala, regional director for Africa,…
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Google wants judge, not jury, decide upcoming antitrust case in Virginia
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Breadcrumb links PMN works Article writer: Associated Press Matthew Barakat Posted on May 16, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – The Google logo is seen at Google headquarters in Brussels, March…
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Google wants judge, not jury, decide upcoming antitrust case in Virginia
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Breadcrumb links PMN works Article writer: Associated Press Matthew Barakat Posted on May 16, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – The Google logo is seen at Google headquarters in Brussels, March…
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The State Is The Terrorist In The Case Against Samourai Wallet
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“A state is any entity that can pardon a crime retroactively. If you pardon a murder, you get an army. If you pardon an assault, you get a police. If you pardon a theft, you get taxes. This idea exists that the sovereign ability to change the rules “For a…
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Legal experts weigh-in on case again Roger Ver
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Stanislav Andreev, a senior lawyer at SBSB Fintech Lawyers, and Ping Wang, legal counsel at BasedVC, spoke to crypto.news about how the Roger Ver case could shape the cryptocurrency regulatory landscape. Roger Ver, an early Bitcoin investor who is often called the “Bitcoin Master,” was recently charged with mail fraud,…
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The Curious Case of Chile and the Central Bank Digital Currency
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In the ever-shifting sands of global finance, a strange development has emerged from the South American nation of Chile. Banco Central de Chile, the country’s central bank, Recently published a report on central bank digital currencies – an emerging technology that has the potential to reshape the way money flows.…
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Ripple Case ‘Inevitably’ Goes To Second Circuit: Ex-SEC Expert
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At MicroStrategy’s recent Bitcoin For Corporations event, Neil Maitra, partner at Dechert and former fintech and cryptocurrency specialist at the SEC, provided a deep dive into the jurisdictional complexities currently intertwined with cryptocurrency regulations, with a particular focus on ongoing litigation. For Ripple. . His insights are particularly noteworthy given…
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Australia’s Qantas to pay $79 million to settle flight cancellation case By Reuters
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Written by Byron Kay and Poonam Behura SYDNEY (Reuters) – Australia’s Qantas Airways agreed to pay A$120 million ($79 million) to settle a lawsuit before a regulator over the sale of thousands of tickets on already-canceled flights, in an attempt to end the reputation crisis that has engulfed the airline.…