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Corporate Crime/Legal Action
Schools Sue Social-Media Platforms Over Alleged Harms to Students
Facebook, TikTok, Snapchat and YouTube seek to dismiss federal suits, citing internet liability shield. Source link
Bankrupt FTX Sues Sam Bankman-Fried, Others to Recoup More Than $1 Billion
The latest lawsuit by new management alleges that transfers of corporate assets were made for the benefit of the co-founder and others. Source link
FTC Withdraws Case Against Microsoft-Activision Deal
The FTC said it is pausing its in-house trial against Microsoft’s $75 billion takeover of game developer Activision Blizzard, another signal that the deal is
Jailed Crypto Tycoon's Company Appoints CEO
Terraform Labs has tapped Chris Amani to run the company as co-founder Do Kwon faces charges of fraud. Source link
Victims of Cyberattack on File-Transfer Tool Pile Up
The list of companies hit by a cyberattack on a widely used software tool continues to expand and several victims have filed lawsuits alleging mishandling
AT&T Halts Plans to Remove Lead Cables in Lake Tahoe
Company estimates lead-clad cables represent less than 10% of its legacy phone network. Source link
Taco John's, Taco Bell Terminate 'Taco Tuesday' Trademark Tussle
Restaurant chain Taco John’s said it is giving up its fight defending its trademark of the phrase. Source link
7 Financial Crimes That Rocked the U.S.
Sign up for a new limited email series to uncover some of the most shocking corporate misdeeds of the past 100+ years. Source link
FTC Loses Latest Bid to Halt Microsoft-Activision Merger
An appeals court ruling clears a path for the $75 billion acquisition to close while litigation continues. Source link