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.

IRS Sues FDIC Over SVB Taxes
IRS Sues FDIC Over SVB Taxes
February 13, 2024  |  Legal

The Internal Revenue Service (IRS) is suing the Federal Deposit Insurance Corp. (FDIC) over a tax debt owed by the failed Silicon Valley Bank. The FDIC seized the bank...

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Walmart and Target Fund Campaign to Stiffen Shoplifting Penalties
Walmart and Target Fund Campaign to Stiffen Shoplifting Penalties
February 09, 2024  |  Retail

Walmart and Target are the top funders of a campaign that aims to roll back a California law that critics say has led to a surge in retail...

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NYCB Targeted With Class-Action Lawsuit Alleging Securities Fraud
NYCB Targeted With Class-Action Lawsuit Alleging Securities Fraud
February 07, 2024  |  Legal

New York Community Bank (NYCB) is the target of a class-action lawsuit alleging securities fraud. The lawsuit comes after the bank acquired certain assets of...

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Ripple Ordered to Produce Crypto Sale Info for SEC
Ripple Ordered to Produce Crypto Sale Info for SEC
February 06, 2024  |  Cryptocurrency

Blockchain company Ripple has been ordered to share financial statements about cryptocurrency sales with regulators. That ruling came from a New York judge, and requires Ripple to share...

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SS&C Disputes Data Misuse Damages and Asks $889 Million From BNY Mellon
SS&C Disputes Data Misuse Damages and Asks $889 Million From BNY Mellon
February 05, 2024  |  Legal

Canadian FinTech SS&C is reportedly accusing banking giant BNY Mellon of data misuse. The long-standing legal dispute is returning to court, Bloomberg News reported Monday (Feb 5), with SS&C —...

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Epic Games: Apple Not Complying With Outside Payment Rules
Epic Games: Apple Not Complying With Outside Payment Rules
January 31, 2024  |  Legal

Apple said earlier this month it would open its App Store to permit outside payment options. However, Epic Games — which has been battling the iPhone maker in...

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Lawmakers Oppose CFPB’s Proposed Rule on Supervising Nonbank Financial Firms
Lawmakers Oppose CFPB’s Proposed Rule on Supervising Nonbank Financial Firms
January 30, 2024  |  CFPB

Three members of Congress have urged the Consumer Financial Protection Bureau (CFPB) to reopen and extend the public comment period on its proposed rule that would allow it to...

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New York Sues Citi for Allegedly Failing to Protect and Reimburse Fraud Victims
New York Sues Citi for Allegedly Failing to Protect and Reimburse Fraud Victims
January 30, 2024  |  Legal

New York Attorney General Letitia James accused Citi of failing to protect fraud victims. In a lawsuit filed Tuesday (Jan. 30), the state’s top prosecutor...

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Proof Technology Raises $30.4 Million to Grow Litigation Services Platform
Proof Technology Raises $30.4 Million to Grow Litigation Services Platform
January 26, 2024  |  Investments

Proof Technology has secured $30.4 million in Series B funding to advance its online litigation services marketplace. This investment will enable the legal technology company to...

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