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 SEC Case Makes Waves With Landmark Crypto Precedent
Ripple SEC Case Makes Waves With Landmark Crypto Precedent
July 13, 2023  |  Cryptocurrency

The duality of digital assets got a stamp of approval from a federal judge Thursday (July 13). Cryptocurrency company Ripple defeated many crucial elements of a U.S. Securities and Exchange...

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US Judge Rules Ripple’s Cryptocurrencies are Securities, But Only Sometimes
US Judge Rules Ripple’s Cryptocurrencies are Securities, But Only Sometimes
July 13, 2023  |  Cryptocurrency

A U.S. District Judge ruled Thursday (July 13) that cryptocurrencies sold to institutional investors by Ripple are securities under federal regulations. “Institutional buyers would have understood that...

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Meta Plans to Challenge EU Over Facebook Marketplace Abuse
Meta Plans to Challenge EU Over Facebook Marketplace Abuse
July 12, 2023  |  Meta

Meta plans to challenge antitrust accusations that the European Union has leveled against it. The EU alleged that Meta stifled competition from classified ad competitors by...

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UK Supreme Court Rules Customers Liable for Fraud Through Bank Accounts
UK Supreme Court Rules Customers Liable for Fraud Through Bank Accounts
July 12, 2023  |  Banking

The United Kingdom’s Supreme Court has reportedly ruled that customers are liable for fraud through their accounts when the bank carried out instructions expressly authorized...

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Report: Amazon Sellers Allege Copyright Violations in Lawsuit Against Temu
Report: Amazon Sellers Allege Copyright Violations in Lawsuit Against Temu
July 12, 2023  |  Retail

Multiple Amazon sellers reportedly said their listings, including product images and descriptions, were replicated by other sellers on Temu. The continuous presence of Temu’s infringing listings has prompted...

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SVB Financial Sues to Recover $1.9 Billion From FDIC
SVB Financial Sues to Recover $1.9 Billion From FDIC
July 10, 2023  |  Bank Regulation

Silicon Valley Bank’s parent company says America’s banking watchdog owes it $1.9 billion. To that end, SVB Financial filed suit Sunday (July 9) against the...

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Judge Halts NYC Wage Law Opposed by Food Delivery App Firms
Judge Halts NYC Wage Law Opposed by Food Delivery App Firms
July 07, 2023  |  Gig Economy

A judge has reportedly halted a New York City minimum wage law that is opposed by app-based food delivery firms. New York State Supreme Court...

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Food Delivery Companies Challenge New York City Minimum Wage Law
Food Delivery Companies Challenge New York City Minimum Wage Law
July 06, 2023  |  Gig Economy

Uber, DoorDash and other app-based food delivery companies are pushing back against a minimum wage law set to take effect in New York City. The law, which...

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Former FTX Lawyer Sued for ‘Wide-Ranging Con Game’
Former FTX Lawyer Sued for ‘Wide-Ranging Con Game’
July 06, 2023  |  Cryptocurrency

FTX’s former chief regulatory officer has found himself involved in the failed cryptocurrency firm’s legal quagmire. Daniel Friedberg has been sued by the new management of FTX and...

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