Microsoft-Activision case set for pre-trial on Jan. 3

Dec 31, 2022 23:53 pm UTC| Law Economy Business Technology

The first pre-trial hearing in the Federal Trade Commissions (FTC) case against Microsoft over its $69 billion bid to take over Activision Blizzard has been set for Jan. 3. The FTC, which enforces antitrust law, asked a...

JPMorgan, Deutsche Bank seek dismissal of lawsuits by Jeffrey Epstein sex abuse accusers

Dec 31, 2022 23:25 pm UTC| Economy Business Law

JPMorgan Chase Co and Deutsche Bank AG are seeking the dismissal of lawsuits by women who accused Jeffrey Epstein of sexual abuse and blamed them for enabling and ignoring red flags about the late financiers sex...

Digital Currency Revolution

Ex-FTX CEO Bankman-Fried set to enter not guilty plea in crypto fraud case

Dec 31, 2022 23:10 pm UTC| Law Digital Currency Economy Business

Former FTX CEO Sam Bankman-Fried is expected to enter a plea of not guilty to criminal charges that he looted billions of dollars and cheated investors at his cryptocurrency exchange. Bankman-Fried is accused of...

Norwegian Cruise Line ordered to pay $110 million in damages for using Cuban port

Dec 31, 2022 22:47 pm UTC| Law Economy Business

Norwegian Cruise Line had been asked by US District Judge Beth Bloom to pay 109,848,747.87 in damages plus $3 million in legal fees and costs to Havana Docks Corporation for using a Cuban port. Judge Blooms decision...

Earth Island Institute appealing greenwashing case won by Coca-Cola

Dec 30, 2022 23:00 pm UTC| Law Nature Economy Business

Earth Island Institute is appealing the Superior Court for the District of Columbias decision that Coca-Colas environmental statements werent misleading to consumers. The lawsuit took issue with the beverage giants...

S. Korean gov’t to upgrade local lemon law

Dec 29, 2022 23:22 pm UTC| Law Economy Business

South Koreas Ministry of Land, Infrastructure and Transport will upgrade its local lemon law, Automobile Management Law, which requires sellers to compensate buyers for failing to meet certain standards of quality and...

US govt to probe Southwest Airlines over 'unacceptable' flight cancellations, delays

Dec 28, 2022 22:02 pm UTC| Business Economy Law

The US Transportation Department would investigate Southwest Airlines over a large number of canceled and delayed flights to determine if the airline had control over the situation. On Monday, Southwest canceled 2,886...