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.

SEC Raises Concerns Over Coinbase’s Role in Celsius’ Bankruptcy Plan
SEC Raises Concerns Over Coinbase’s Role in Celsius’ Bankruptcy Plan
September 25, 2023  |  Cryptocurrency

The Securities and Exchange Commission (SEC) has reportedly expressed reservations regarding Coinbase Global’s proposed involvement in Celsius Network’s plan to emerge from bankruptcy. The SEC, which previously charged Coinbase...

READ MORE >
SEC: DWS Failed to Develop Anti-Money Laundering Program
SEC: DWS Failed to Develop Anti-Money Laundering Program
September 25, 2023  |  AML

DWS Investment Management Americas is facing two separate enforcement actions from the Securities and Exchange Commission (SEC). The SEC said in a news release Monday (Sept....

READ MORE >
FTX Lawsuits, Pressure Aim to Claw Back Billions
FTX Lawsuits, Pressure Aim to Claw Back Billions
September 22, 2023  |  Legal

FTX is using legal action against various parties and other methods as part of its asset recovery efforts. Led by Chief Executive and Restructuring Officer...

READ MORE >
Report: FTC to Sue Amazon for Antitrust Violations Next Week
Report: FTC to Sue Amazon for Antitrust Violations Next Week
September 22, 2023  |  Amazon

The Federal Trade Commission (FTC) is reportedly expected to file a lawsuit against Amazon for antitrust violations next week. The anticipated antitrust complaint, which will be filed in federal...

READ MORE >
US Authors Sue OpenAI, Allege Copyright Infringement
US Authors Sue OpenAI, Allege Copyright Infringement
September 20, 2023  |  Artificial Intelligence

A group of prominent authors in the United States filed a lawsuit against artificial intelligence (AI) company OpenAI, alleging copyright infringement. The authors, represented by...

READ MORE >
Stanford Returns FTX’s Millions Following Suit Against SBF Parents
Stanford Returns FTX’s Millions Following Suit Against SBF Parents
September 20, 2023  |  Cryptocurrency

Stanford University reportedly intends to give back millions of dollars given to it by FTX. “We have been in discussions with attorneys for the FTX...

READ MORE >
Paxton AI Raises $6 Million for AI Platform for Lawyers
Paxton AI Raises $6 Million for AI Platform for Lawyers
September 19, 2023  |  Investments

Paxton AI has secured $6 million in seed funding to grow its generative artificial intelligence (AI) platform for legal research and drafting.  Paxton AI said...

READ MORE >
Report: Solid Financial Accused of Faking Revenue Numbers to Entice Investors
Report: Solid Financial Accused of Faking Revenue Numbers to Entice Investors
September 18, 2023  |  Security & Fraud

FinTech-as-a-Service firm Solid Financial is being accused of falsifying its revenue numbers to woo investors.  A lengthy report published Monday (Sept. 18) by FinTech Business Weekly said...

READ MORE >
Ex-Wells Fargo Retail Banking Head Tolstedt Gets Probation
Ex-Wells Fargo Retail Banking Head Tolstedt Gets Probation
September 15, 2023  |  Legal

A former Wells Fargo executive has been sentenced to probation for her role in a scandal that rocked the bank in 2016. Carrie L. Tolstedt, a former...

READ MORE >