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.

Ripple Vows to Fight as SEC Appeals XRP Ruling
Ripple Vows to Fight as SEC Appeals XRP Ruling
October 03, 2024  |  Legal

Blockchain firm Ripple said it’s prepared to continue its legal battle against the Securities and Exchange Commission. Ripple CEO Brad Garlinghouse made the pronouncement on...

READ MORE >
Visa Facing Merchant Class Action Case Amid DOJ Antitrust Action
Visa Facing Merchant Class Action Case Amid DOJ Antitrust Action
October 02, 2024  |  VISA

Visa is facing a class action lawsuit from merchants connected to its debit network. The suit accused Visa of anticompetitive behavior related to its debit...

READ MORE >
TD Bank Pays $20 Million to Resolve Spoofing Case
TD Bank Pays $20 Million to Resolve Spoofing Case
September 30, 2024  |  Legal

TD Bank is reportedly settling a case involving illegal “spoof” orders by a former trader. The Canadian bank will pay more than $20 million as...

READ MORE >
Visa Adds $1.5 Billion to Litigation Escrow Account
Visa Adds $1.5 Billion to Litigation Escrow Account
September 27, 2024  |  VISA

Visa disclosed Thursday (Sept. 26) that it authorized the deposit of $1.5 billion into the litigation escrow account previously established under its U.S. retrospective responsibility...

READ MORE >
FinCEN Says ABLV Bank No Longer of Primary Money Laundering Concern
FinCEN Says ABLV Bank No Longer of Primary Money Laundering Concern
September 26, 2024  |  AML

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has withdrawn its finding that ABLV Bank, AS is a financial institution of primary money laundering concern, because the...

READ MORE >
Amazon Accused in Suit of Touting American Eagle Knock-Offs
Amazon Accused in Suit of Touting American Eagle Knock-Offs
September 26, 2024  |  Retail

American Eagle Outfitters has reportedly filed a trademark infringement suit against Amazon. The suit alleges that Amazon used branding from the clothing retailer’s Aerie line...

READ MORE >
FTC Enforcement Sweep Targets ‘Fever Pitch’ of AI Scams
FTC Enforcement Sweep Targets ‘Fever Pitch’ of AI Scams
September 25, 2024  |  artificial intelligence

The Federal Trade Commission (FTC) announced five law enforcement actions that it said are part of a crackdown on deceptive artificial intelligence (AI) claims and...

READ MORE >
Visa Responds to DOJ Debit Card Complaint
Visa Responds to DOJ Debit Card Complaint
September 24, 2024  |  ANTITRUST

Following through on reports circulated Monday (Sept. 23), the U.S. Department of Justice filed an antitrust lawsuit against Visa, accusing it of stifling competition in...

READ MORE >
Caroline Ellison Gets 2 Years in Prison for Role in FTX Collapse
Caroline Ellison Gets 2 Years in Prison for Role in FTX Collapse
September 24, 2024  |  Legal

Caroline Ellison, the former executive who played a role in the collapse of the FTX crypto exchange and later became the star witness in the...

READ MORE >