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.

Porch Group Sues China Construction Bank, Alleging Reinsurance Fraud
Porch Group Sues China Construction Bank, Alleging Reinsurance Fraud
May 10, 2024  |  Legal

Porch Group, a U.S. homeowners insurance and home inspection software company, reportedly sued China Construction Bank (CCB), alleging reinsurance fraud. In its complaint, Porch alleged that the...

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Manhattan District Attorney Announces Organized Retail Theft-Related Indictments
Manhattan District Attorney Announces Organized Retail Theft-Related Indictments
May 09, 2024  |  Retail

The Manhattan District Attorney’s Office indicted a business and two individuals as part of an effort to fight organized retail theft. District Attorney Alvin Bragg announced the indictment of...

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FTX Has Enough Cash to Repay Creditors in Full
FTX Has Enough Cash to Repay Creditors in Full
May 08, 2024  |  Cryptocurrency

Eighteen months after its collapse, FTX is ready to repay its customers in full. The cryptocurrency exchange says it has pulled together assets worth $14.5...

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TikTok and ByteDance File Suit Challenging Constitutionality of Ban
TikTok and ByteDance File Suit Challenging Constitutionality of Ban
May 07, 2024  |  Legal

TikTok and its parent company ByteDance filed a lawsuit Tuesday (May 7) asking the court to review the constitutionality of a law that requires ByteDance to sell TikTok’s...

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Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
May 07, 2024  |  CFPB

Chime Financial will pay at least $1.3 million in redress to consumers and $3.25 million in penalties as part of a settlement with the Consumer Financial Protection...

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Google Asks Judge to Reject Proposed Changes to App Store
Google Asks Judge to Reject Proposed Changes to App Store
May 03, 2024  |  Legal

Google reportedly asked a judge to reject an Epic Games proposal that would reform how the Google Play store operates. Google said in a Thursday (May 2) court filing that...

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FTC Announces $10M Settlement With BlueSnap, 2 Former Executives
FTC Announces $10M Settlement With BlueSnap, 2 Former Executives
May 01, 2024  |  Legal

The Federal Trade Commission (FTC) has announced a settlement with payment processing company BlueSnap and its former CEO Ralph Dangelmaier and former Senior Vice President Terry Monteith. The FTC charged these...

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Newspapers Sue Microsoft, OpenAI for Using Content to Train AI
Newspapers Sue Microsoft, OpenAI for Using Content to Train AI
April 30, 2024  |  Legal

Eight newspapers owned by Alden Global Capital’s MediaNews Group are reportedly suing Microsoft and OpenAI, alleging that the tech companies used the newspapers’ content to train artificial intelligence (AI) models. ...

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Making Sense of: How America’s CHIPS Act Fuels Domestic Innovation
Making Sense of: How America’s CHIPS Act Fuels Domestic Innovation
April 26, 2024  |  Technology

American companies are outpacing European ones on innovation and technology. That’s what the head of Norway’s $1.6 trillion oil fund told the Financial Times Wednesday...

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