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.

Sam Bankman-Fried Appeals Conviction and Sentence, Faces Yearslong Process
Sam Bankman-Fried Appeals Conviction and Sentence, Faces Yearslong Process
April 11, 2024  |  Legal

Sam Bankman-Fried appealed his conviction and 25-year prison sentence Thursday (April 11). The FTX founder, who was convicted in November 2023 and sentenced in March...

READ MORE >
Legislation Seeks to Overturn CFPB Limits on Credit Card Late Fees
Legislation Seeks to Overturn CFPB Limits on Credit Card Late Fees
April 09, 2024  |  CFPB

The fight over credit card late fees may go to Capitol Hill. Sen. Tim Scott of South Carolina unveiled a joint resolution Monday (April 8) that would prevent the...

READ MORE >
Binance Is Building ‘Robust Compliance Program,’ CEO Says
Binance Is Building ‘Robust Compliance Program,’ CEO Says
April 09, 2024  |  Cryptocurrency

Binance’s new CEO said the cryptocurrency exchange is a more mature company now. Speaking with CNBC Tuesday (April 9), Richard Teng acknowledged concerns raised by the U.S. Department of Justice —...

READ MORE >
CFPB Late Fee Lawsuit Gets Sent Back to Texas
CFPB Late Fee Lawsuit Gets Sent Back to Texas
April 07, 2024  |  CFPB

A federal lawsuit challenging new credit card late fee limits will remain in Texas. The U.S. Court of Appeals for the Fifth Circuit ruled Friday (April 5)...

READ MORE >
Terraform Labs and Co-Founder Do Kwon Convicted of Defrauding Investors
Terraform Labs and Co-Founder Do Kwon Convicted of Defrauding Investors
April 05, 2024  |  Cryptocurrency

A jury in a U.S. District Court has found Terraform Labs and its co-founder, Do Kwon, liable for defrauding investors in crypto asset securities. The court found earlier...

READ MORE >
Potential Shifts in AI Accountability: Legal Experts Weigh in on Future Liability Concern
Potential Shifts in AI Accountability: Legal Experts Weigh in on Future Liability Concern
April 05, 2024  |  Artificial Intelligence

Amidst a growing dialogue among legal scholars, there’s an emerging sense that companies might soon face increased legal scrutiny for the actions and statements of...

READ MORE >
Meta Disputes FTC Claims That Instagram, WhatsApp Acquisitions Harmed Consumers
Meta Disputes FTC Claims That Instagram, WhatsApp Acquisitions Harmed Consumers
April 05, 2024  |  Meta

Meta Platforms asked a judge Friday (April 5) to throw out an antitrust lawsuit filed against it by the Federal Trade Commission. In a court filing, the...

READ MORE >
Binance Executive Held in Nigeria Makes First Court Appearance
Binance Executive Held in Nigeria Makes First Court Appearance
April 04, 2024  |  Legal

Binance’s head of financial crime compliance, Tigran Gambaryan, appeared in court in Nigeria for the first time Thursday (April 4). Gambaryan, who is a U.S. citizen,...

READ MORE >
Luminance Raises $40 Million for Legal Industry AI Tools
Luminance Raises $40 Million for Legal Industry AI Tools
April 02, 2024  |  Investments

Legal document-focused artificial intelligence (AI) firm Luminance has raised $40 million. The Series B funding round, announced Tuesday (April 2), will help Luminance strengthen its foothold in the...

READ MORE >