legal

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

First Data And Exec To Pay $40M To Settle FTC Fraud Case
First Data And Exec To Pay $40M To Settle FTC Fraud Case
May 19, 2020  |  Legal

Payments processing giant First Data Merchant Services and one of its executives will pay $40.3 million to settle allegations that they laundered credit card transactions...

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Warren Calls For Prosecution Of Bailout Program Fraudsters
Warren Calls For Prosecution Of Bailout Program Fraudsters
May 19, 2020  |  Regulation

U.S. Sen. Elizabeth Warren (D-Mass.) wants the Federal Reserve Bank to draw up stringent regulations for corporate recipients of U.S. bailout funds – and to...

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Ripple Lawsuit Alleges Fraud In XRP Sale
Ripple Lawsuit Alleges Fraud In XRP Sale
May 05, 2020  |  Legal

A little-known Puerto Rican company, Bitcoin Manipulation Abatement (BMA), has filed a lawsuit against Ripple, accusing the blockchain firm of breaking rules when it ran...

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WeWork’s Ex-CEO Sues SoftBank Over Aborted $3B Deal
WeWork’s Ex-CEO Sues SoftBank Over Aborted $3B Deal
May 05, 2020  |  Legal

WeWork Co-founder Adam Neumann has launched a legal battle with his company’s biggest investor, SoftBank Group Corp., charging that it has wrongfully reneged on a...

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Almost 800 Lawsuits Over Deaths, Safety And Canceled Events Filed
Almost 800 Lawsuits Over Deaths, Safety And Canceled Events Filed
May 04, 2020  |  Legal

More than 770 lawsuits are piling up against hospitals, nursing homes, gyms, airlines and cruise lines in the U.S. due to the coronavirus, alleging various...

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US Judge: Uber Can Be Sued For Allegedly Forcing Out Rival
US Judge: Uber Can Be Sued For Allegedly Forcing Out Rival
May 03, 2020  |  Legal

A lawsuit against Uber alleges that the company engaged in deceitful practices to drive its competitor Sidecar Technologies out of business in 2015, according to...

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Cannabis Companies Would Be Eligible For COVID-19 Relief Under Bill
Cannabis Companies Would Be Eligible For COVID-19 Relief Under Bill
April 24, 2020  |  Loans

Representatives from Colorado and Oregon, states known for liberal cannabis laws, want the cannabis industry to be included in future Paycheck Protection Program (PPP) legislation....

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Ripple Files Lawsuit Against YouTube For Not Removing Crypto Scams Fast Enough
Ripple Files Lawsuit Against YouTube For Not Removing Crypto Scams Fast Enough
April 21, 2020  |  Legal

Ripple announced on Tuesday (April 21) that it is filing a lawsuit against YouTube, alleging that the popular video platform isn’t doing its due diligence...

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Lawsuits Allege Banks Played Favorites With PPP Loans
Lawsuits Allege Banks Played Favorites With PPP Loans
April 20, 2020  |  Legal

Separate class-action lawsuits were filed against Wells Fargo, Frost Bank, JPMorgan Chase, US Bancorp and Bank of America, alleging that the financial institutions (FIs) unlawfully...

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