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.

Bankman-Fried Lawyers Ask Judge for Client’s Temporary Release
Bankman-Fried Lawyers Ask Judge for Client’s Temporary Release
August 28, 2023  |  Legal

Sam Bankman-Fried’s lawyers say their client can’t assist in his defense from behind bars. Attorneys for the FTX founder turned accused cryptocurrency fraudster have asked a judge to...

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Bankman-Fried Gears Up ‘Lawyers Made Me Do It’ Defense Strategy 
Bankman-Fried Gears Up ‘Lawyers Made Me Do It’ Defense Strategy 
August 23, 2023  |  Legal

Sam Bankman-Fried is reportedly subsisting on “bread and water” in prison, and the alleged vegan fraudster’s legal defense might not have much more meat to it. ...

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BlockFi Says FTX and Three Arrows Don’t Deserve Repayment
BlockFi Says FTX and Three Arrows Don’t Deserve Repayment
August 23, 2023  |  Cryptocurrency

Bankrupt cryptocurrency lender BlockFi said two other failed crypto firms aren’t entitled to its money. In bankruptcy court documents filed this week, the company made arguments about why FTX and Three Arrows...

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CFPB Targets Heights Finance for Alleged Illegal Loan Churning
CFPB Targets Heights Finance for Alleged Illegal Loan Churning
August 22, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Heights Finance Holding, formerly known as Southern Management, and several of its subsidiaries, charging they have engaged...

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Bankman-Fried Survives on ‘Bread and Water,’ Pleads ‘Not Guilty’ to $100 Million Fraud Charges
Bankman-Fried Survives on ‘Bread and Water,’ Pleads ‘Not Guilty’ to $100 Million Fraud Charges
August 22, 2023  |  Cryptocurrency

FTX founder Sam Bankman-Fried is reportedly surviving on “bread and water” in jail as he awaits trial. That’s according to the accused cryptocurrency fraudster’s attorney, who asked...

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Consumers’ Lower Restaurant Tips May Trigger Mandatory Minimum Wages
Consumers’ Lower Restaurant Tips May Trigger Mandatory Minimum Wages
August 21, 2023  |  Legal

With consumers tipping less, restaurant owners are weighing the risks of alienating diners against workers seeking better pay arrangements. Nearly everyone involved agrees that the...

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CFPB Penalizes Freedom Mortgage for Incentives to Real Estate Brokers
CFPB Penalizes Freedom Mortgage for Incentives to Real Estate Brokers
August 17, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has taken action against Freedom Mortgage Corp. for engaging in illegal activities related to mortgage loan referrals. The CFPB...

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Judge Allows SEC to File Motion for Appeal in Ripple Labs Case
Judge Allows SEC to File Motion for Appeal in Ripple Labs Case
August 17, 2023  |  Legal

A U.S. district judge has granted the Securities and Exchange Commission (SEC) permission to file a motion for leave to file an interlocutory appeal in...

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Binance Connect Shutdown Highlights Crypto’s Ongoing Identity Crisis
Binance Connect Shutdown Highlights Crypto’s Ongoing Identity Crisis
August 17, 2023  |  Cryptocurrency

The year 2022 could not have been better for the world’s largest cryptocurrency exchange, Binance. Crypto markets were coming off an all-time high, and the November...

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