Category: Court
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Lawyer Explains What Ripple’s Latest Court Win Means For XRP
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On June 20, Ripple Labs Inc. A pivotal victory in its ongoing legal challenges, specifically in the federal class action lawsuit filed in the Northern District of California. the Status (4:18-cv-06753-PJH), presided over by Judge Phyllis J. Hamilton, has been closely watched by the XRP community due to its potential…
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US Supreme Court to hear Nvidia bid to scuttle shareholder lawsuit By Reuters
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Written by John Crozel WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to hear a request from Nvidia Inc (NASDAQ:) to thwart a securities fraud lawsuit accusing the artificial intelligence chip maker of misleading investors about how much of its sales went into the volatile cryptocurrency industry. The…
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Appeals court to hear challenges to potential US TikTok ban on Sept. 16 By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – A U.S. appeals court said on Monday it will hold oral arguments on Sept. 16 on legal challenges to a new law requiring China-based ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban. On May 14, a group of…
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Bump Stock Ban Tossed Out by Supreme Court in Gun-Rights Win
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Breadcrumb links PMN works A divided U.S. Supreme Court has dealt a new blow to gun regulation efforts by striking down a federal ban on firearms, accessories that allow a semi-automatic rifle to fire at a speed that rivals a machine gun. Article writer: Posted on June 14, 2024 •…
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Court Sentences Gang For Exploiting Digital Yuan In Money Laundering Scheme
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In a groundbreaking legal case, a criminal gang in China has been found guilty of organizing a complex money laundering operation that leveraged the country’s central bank digital currency (CBDC), the digital yuan or e-CNY. The complex scheme, revealed by the People’s Procuratorate of Yueqing District in Shaoxing, Zhejiang Province,…
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Court Sentences Gang For Exploiting Digital Yuan In Money Laundering Scheme
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In a groundbreaking legal case, a criminal gang in China has been found guilty of organizing a complex money laundering operation that leveraged the country’s central bank digital currency (CBDC), the digital yuan or e-CNY. The complex scheme, revealed by the People’s Procuratorate of Yueqing District in Shaoxing, Zhejiang Province,…
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Analysis-As Supreme Court decisions loom, a legal assault is weakening SEC’s power By Reuters
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Written by Chris Prentice and Michelle Price WASHINGTON (Reuters) – A legal attack on the U.S. Securities and Exchange Commission has diminished its powers to oversee Wall Street and is likely to worsen with two impending Supreme Court rulings. A US appeals court last week struck down a key Securities…
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Court to decide whether KICC takeover from Kanu was illegal
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A judge will today decide whether the Kenyan independence party African National Union (KANU) should reclaim the iconic Kenyatta International Conference Center (KICC) in Nairobi. Kanu filed a petition in the Environment and Lands Court four years ago seeking to reclaim the building after it was evicted by presidential executive…
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NRA & Cantero In The Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank
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Yesterday, the US Supreme Court issued two important cases that will likely have wide-ranging impacts on Bitcoin and cryptocurrencies. Decisions are National Rifle Association of America v. Volo (Natural Resources Authority) And Cantero, et al. Fifth. Bank of America, NA (stonecutter). in Natural Resources Authority, the Court addressed a crucial…
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NRA & Cantero In The Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank
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Yesterday, the US Supreme Court issued two important cases that will likely have wide-ranging impacts on Bitcoin and cryptocurrencies. Decisions are National Rifle Association of America v. Volo (Natural Resources Authority) And Cantero, et al. Fifth. Bank of America, NA (stonecutter). in Natural Resources Authority, the Court addressed a crucial…
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Court orders KAA to pay contractor Sh433m in demolitions job lawsuit
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The High Court has ordered the Kenya Airports Authority (KAA) to pay part of Sh812 million to a contractor hired a decade ago to demolish buildings at the Jomo Kenyatta International Airport (JKIA). Judge Alfred Mabia ordered KAA to pay Machiri Ltd Sh300 million and another $1,022,022 (Sh133.2 million) held…
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Bitcoin Privacy On Trial: Samourai Developers’ First Court Hearing Recap
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Today, in the Southern District of New York, the first hearing was held at the US Department of Justice. Case against the developers of Samourai Wallet Keon Rodriguez and William Lonergan Hill. I attended the first session of #Samurai Wallet status earlier today on behalf of @Bitcoin Magazine He spoke…
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Court revokes recall of chief lands registrar appointment
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The Employment and Labor Relations Tribunal has annulled the appointment of Mr David Nyambasa Nyandoro as Chief Land Registrar. Instead, Justice Biram Onjaya directed Principal Secretary of the Ministry of Lands and Urban Planning, Mr Nixon Korir, to appoint Dr Peter Mburu Ng’ang’a to the position recommended by the Public…
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Orca and Wiz to meet in court
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Last July, the Israeli cybersecurity company Orca Security File a lawsuit against WizShe is also Israeli. Orca demanded that Wiz stop selling its products, which Orca claimed infringed its patents, and also demanded financial compensation for their use. Orca also alleged that along with copying its technology, Wiz copied its…
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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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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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Appeals court rules in favor of LKQ in patent dispute with GM (NASDAQ:LKQ)
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A federal appeals court overturned a previous court decision that ruled in favor of General Motors (New York Stock Exchange: General Motors(in its patent dispute with LKQ)Nasdaq:LKQ), and recommending that the case be returned to the US Patent Office For further review. The case arose when General Motors (GM) sued…
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NHIF managers move to court, claim juniors earning more
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Senior managers of the National Hospital Insurance Fund (NHIF) have taken to court alleging salary discrimination that left some members in the lower cadre earning more than them. In a case brought under expedited testimony, management employees claim that salary increases over the years have favored unionized employees negotiating better…
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Genesis Gains Court Approval For $3 Billion Repayment Plan
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Bankrupt cryptocurrency bank Genesis Global Capital has received court approval to begin a $3 billion repayment plan for its creditors. This decision comes with the revelation that Digitalcurrency Group (DCG), Genesis’ parent company, will not recover any value from the bankruptcy payout plan. US court upholds Genesis and rejects DCG’s…
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Genesis Gains Court Approval For $3 Billion Repayment Plan
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Bankrupt cryptocurrency bank Genesis Global Capital has received court approval to begin a $3 billion repayment plan for its creditors. This decision comes with the revelation that Digitalcurrency Group (DCG), Genesis’ parent company, will not recover any value from the bankruptcy payout plan. US court upholds Genesis and rejects DCG’s…