The U.S. Supreme Court reportedly said Wednesday (Dec. 18) that it will hear TikTok’s appeal of a law that would see the app banned in the United States if it is not sold by its Chinese parent company, ByteDance. The court scheduled arguments in the...
The Federal Deposit Insurance Corporation (FDIC) board of directors reportedly votedunanimously to authorize potential legal action against six former officers and 11 former directors of Silicon Valley Bank (SVB). This authorization was approved by both Democrats and Republicans on the board, Reuters reported Tuesday (Dec....
Albertsons has sued fellow grocery giant Kroger over the failure of their $24.6 billion merger. The company said Wednesday (Dec. 11) that it has filed a lawsuit in the Delaware Court of Chancery, accusing Kroger of breach of contract. The suit came one day after...
The Federal Trade Commission (FTC) is sending over $540,000 in refunds to consumers harmed by a debt collection scheme. The refunds follow the FTC’s filing of lawsuits in September 2020 and reaching settlements in March 2021 and December 2021 with National Landmark Logistics and Absolute Financial Services, the regulator...
A lawsuit in the United Kingdom alleges that the country’s Financial Conduct Authority (FCA) unfairly “shut out” some small businesses when compensating customers who were mis-sold interest rate hedges between 2001 and 2011. The lawsuit centers on an agreement formed by the FCA’s predecessor, the...
The Federal Trade Commission (FTC) said Monday (Dec. 9) that at its request, a federal court halted and froze the assets of the operators of a scheme that allegedly bilked student loan borrowers while pretending to be affiliated with the Department of Education. In response...
TikTok wants to put on hold a law that could ban it in the U.S. The company wants the U.S. Supreme Court to review the law in question before it goes into effect Jan. 19, Bloomberg News reported Monday (Dec. 9), citing a court filing....
A federal appeals court ruled Friday (Dec. 6) that the U.S. law requiring Chinese company ByteDance to sell its TikTok app or see the app banned in the country does not violate the First Amendment. The ruling means that the ban will take effect Jan. 19 unless...
A federal judge denied American Express’ motions to compel arbitration and to dismiss a federal antitrust lawsuit brought by 5-Star General Store on behalf of more than 5,000 merchants. U.S. District Judge Mary S. McElroy ruled Monday (Dec. 2) that American Express was in default...
