Category: Court
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Crypto Groups Challenge US SEC on Airdrop Rules In Ongoing Court Case—Details
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A recent legal dispute over token airdrops has garnered support from prominent cryptocurrency lobbying organizations, including the Blockchain Association and the Cryptocurrency Innovation Council. These Washington, D.C.-based lobbying groups have provided “Friend briefSupporting clothing brand Beba in its lawsuit against the US Securities and Exchange Commission (SEC). Details of the…
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Supreme Court rejects KeNHA appeal in Southern by-pass land row
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The Kenya National Highways Authority (KeNHA) has lost an application seeking to escalate a Sh413 million compensation to the High Court as the High Court ruled that no constitutional issues were raised in the matter, requiring interpretation. The five-judge bench headed by Deputy Chief Justice Philomena Mwilo dismissed KeNHA’s application,…
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Landmark Court of Appeal Ruling Promises £21bn Payout for Motor Finance Mis-Selling Victims
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In a groundbreaking victory for consumer rights, the Court of Appeals ruled in favor of the plaintiff in Johnson v. Firststrand Bank, setting a historic precedent in the auto finance industry. The ruling, upheld by Sentinel Legal and HD Law, holds lenders liable for the mis-selling of personal contract purchase…
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Court freezes Sh96bn Ketraco-Adani electricity transmissions lines deal
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The Supreme Court has barred the government from signing a Sh95.68 billion deal to build electricity transmission lines for Adani Energy Solutions Limited, a subsidiary of India’s Adani Group. The Law Society of Kenya (LSK) has obtained an order charging the government with signing the Special Project Agreement with Adani…
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Freedom! Nigerian Court Clears Binance Exec, Orders Immediate Release
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Tigran Gambaryan, Binance CEO, has been detained since February He was officially acquitted of all charges By the Nigerian government. The Economic and Financial Crimes Commission (EFCC) requested the withdrawal of the case from the Federal High Court in Abuja during the court sitting on October 23, 2024. This announcement…
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Binance Executive Too Sick For Court, Nigerian Trial Postponed
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Prison authorities in Nigeria have announced that Binance CEO Tigran Gambaryan is in custody “Very sick” Preventing him from appearing in court again to stand trial. This is the main concern raised by his wife nearly two months ago, saying Gambarian’s health condition had deteriorated sharply since his arrest in…
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Court stops replacement of Rigathi Gachagua as deputy president
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to update: The Supreme Court issued interim orders halting Regathi Gachagwa’s replacement as Vice President until October 24 when the matter will be mentioned before a bench appointed by Chief Justice Comey. Impeached Vice President, Rigate Gachagwa, has moved to court to challenge his removal from office by Parliament. Through…
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Court stops replacement of Rigathi Gachagua as deputy president
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to update: The Supreme Court issued interim orders halting Regathi Gachagwa’s replacement as Vice President until October 24 when the matter will be mentioned before a bench appointed by Chief Justice Comey. Impeached Vice President, Rigate Gachagwa, has moved to court to challenge his removal from office by Parliament. Through…
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Tel Aviv court orders OpenWeb to freeze ousting of CEO
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Israeli open sharing platform Unicorn Open web CEO and co-founder Nadav Shoval achieved a temporary victory in the Tel Aviv District Economic Court, which ordered his dismissal to be suspended until the court discusses the matter between the two parties at the end of the month. Cheval is in dispute…
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US court puts on hold permits for Kinder Morgan unit to build Tennessee pipeline By Reuters
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(Reuters) – A US appeals court on Friday suspended the approvals and permits needed to allow a residential project to be built Morgan’s children (NYSE:) subsidiary to build a 32-mile gas pipeline in Tennessee, at the request of environmental groups. The proposed Cumberland project, which would be built by Kinder…
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Raphael Tuju suffers blow as Supreme Court paves the way for hotel auction
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Former Cabinet Minister Raphael Tuju has been dealt a blow after the High Court paved the way for a regional lender to auction off its prime Karen properties, over a Sh4.5 billion debt arising from a failed loan deal. A five-judge panel of the High Court recused themselves from the…
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Chinese hackers breached US court wiretap systems, WSJ reports By Reuters
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(Reuters) – Chinese hackers gained access to the networks of broadband providers in the United States and obtained information from systems used by the federal government for court-authorized wiretapping, the Wall Street Journal reported on Saturday. Verizon Communications (NYSE:), AT&T (NYSE:), and Lumen Technologies are among the telecommunications companies whose…
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Crypto Ponzi Scheme Leader Sentenced to 10 Years by U.S. Court
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David Carmona, founder of cryptocurrency Ponzi scheme IcomTech, received a 10-year prison sentence following a court ruling last week. This development was revealed on October 4 by the US Attorney’s Office for the Southern District of New York. Carmona will spend 121 months in prison for cryptocurrency fraud According to…
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Brazil’s top court says X paid pending fines to wrong bank By Reuters
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Written by Luciana Magalhaes SAO PAULO (Reuters) – Brazil’s Supreme Court said on Friday that lawyers representing social media platform Payment of the fines, which X’s lawyers said the company had properly paid, was the only remaining action required by the court in order to allow X to operate again…
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Stellantis sues UAW in US federal court over strike threats By Reuters
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Written by David Shepardson and Ben Klayman WASHINGTON/DETROIT (Reuters) – Stellantis, the parent company of Chrysler (NYSE:), has filed a federal lawsuit against the United Auto Workers, saying the union violated a contract by threatening to strike over the company’s delay in a planned investment. The automaker filed the lawsuit…
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Russia files lawsuit against Shell units, court documents show By Reuters
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MOSCOW (Reuters) – Russia’s prosecutor general has filed a lawsuit against a number of units of energy major Shell (LON:), court documents showed on Friday. The lawsuit filed before the Moscow Arbitration Court on October 2 was directed against eight units of Shell. The documents indicated that Gazprom (MCX:) Export,…
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Ripple XRP Case: SEC Moves To Appeal Court Ruling
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In a significant move that could reshape the regulatory landscape for XRP and blockchain payments company Ripple, the US Securities and Exchange Commission (SEC) announced on Wednesday that it is appealing a court ruling limiting its authority over cryptocurrency markets. the attractiveness It targets the July 2023 decision by U.S.…
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Ripple XRP Case: SEC Moves To Appeal Court Ruling
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In a significant move that could reshape the regulatory landscape for XRP and blockchain payments company Ripple, the US Securities and Exchange Commission (SEC) announced on Wednesday that it is appealing a court ruling limiting its authority over cryptocurrency markets. the attractiveness It targets the July 2023 decision by U.S.…
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Court sides with KRA in Mombasa land ownership row with trader
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The Kenya Revenue Authority (KRA) has been given a reprieve after the Environment and Lands Court declared it the legal owner of a piece of land in Mombasa, which was also claimed by an individual and charged to a bank for a Sh42 million loan. . Justice Nelly Mathika directed…
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Australian top court dismisses ANZ’s appeal against share placement case By Reuters
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(Reuters) – The Federal Court has dismissed an appeal by ANZ Group against a lawsuit that found the lender guilty of failing to disclose a A$2.5 billion (US$1.73 billion) share offering, Australia’s corporate regulator said on Wednesday. While dismissing the appeal, the court upheld the original decision in a case…