Caroline Ellison hopes to avoid prison time for her role in the FTX collapse. Ellison, the former CEO of FTX sister company Alameda Research, should be sentenced to time served and supervised release, her lawyers argued in a court filing Tuesday (Sept. 10). “Caroline Ellison...
A British regulator has charged a London man for operating several unlicensed crypto ATMs. Olumide Osunkoya, 45, has been charged with a running series of unlicensed machines that let users purchase cryptocurrency or convert money into crypto assets, the Financial Conduct Authority (FCA) announced Tuesday...
A European court has ruled against both Apple and Google in separate cases. The European Union Court of Justice has upheld a 2016 decision by the European Commission that Ireland gave Apple unfair aid in a $14 billion tax case, while also siding with the EC in its antitrust case against...
A proposed class action lawsuit brought against Coinbase by shareholders is reportedly moving forward. The cryptocurrency exchange’s bid to have the suit dismissed was rejected Thursday (Sept. 5) by U.S. District Judge Brian Martinotti, Reuters reported Friday (Sept. 6). The shareholders allege that Coinbase downplayed the likelihood...
Nvidia, Microsoft and patent risk management company RPX are facing a lawsuit accusing them of “rampant” patent infringement and antitrust law violations. The suit was filed Thursday (Sept. 5) in a Waco, Texas, federal court by Xockets, Reuters reported Thursday. In the lawsuit, Xockets alleged that the companies...
Former Wirecard CEO Markus Braun’s legal troubles are reportedly worsening. A judge ordered Braun and two other executives from the defunct German payments company to pay $155 million in damages related to loans to a company in Singapore that were never repaid, Reuters reported Thursday...
A lawsuit by a former Discover executive claims the company wrongfully revoked millions in compensation. The lawsuit, filed Wednesday (Sept. 4) in federal court in Chicago by former Discover chief information officer Diane Offereins, also claims the payments giant used her as a “scapegoat” for...
The Securities and Exchange Commission (SEC) has charged six credit rating agencies with “significant” recordkeeping failures in maintaining and preserving electronic communications. The firms have agreed to pay civil penalties and to implement improvements to their compliance policies and procedures, the regulator said in a Tuesday...
CrowdStrike faces numerous legal challenges from the glitch that caused a global tech outage. While the potential $500 million suit from Delta Air Lines is the most high-profile of these cases, a report Monday (Sept. 2) by TechCrunch said this could be one of several...
