Articles for tag: 2040 Energy, Bitcoin Mining, Lawsuit, legal dispute, Proton Management, Swan Bitcoin, Tether

Market News

Tether Takes Legal Action Against Swan Bitcoin Over Mining Venture Dispute

Tether has filed a lawsuit against Swan Bitcoin, claiming breaches of contract in their joint Bitcoin mining project called 2040 Energy, established in 2022. Tether alleges that Swan acted recklessly, leading to significant violations of their agreements. The lawsuit, lodged in the High Court of England and Wales, marks a serious escalation between the two ...

Market News

UK Tribunal Halts Anti-Competition Lawsuit Against Apple and Amazon: Key Developments and Implications for Tech Industry

The U.K. Competition Appeal Tribunal has ruled that a lawsuit against Apple and Amazon, which accused them of colluding to limit competition, cannot proceed. Consumer law academic Christine Riefa, the plaintiff, was deemed insufficiently independent to represent consumers, as her case relied on third-party funding. The lawsuit alleged that Apple and Amazon restricted the resale ...

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AI

Elon Musk’s lawsuit accuses Microsoft and OpenAI of creating a monopoly, alleging they “starve” AI talent through lavish compensation.

Elon Musk has updated his lawsuit against OpenAI to include Microsoft, claiming they have formed a monopoly in the AI industry. The lawsuit also names Reid Hoffman, a Microsoft board member, as a defendant. Musk accuses OpenAI of trying to weaken competitors by offering their employees lucrative pay packages, with estimates suggesting OpenAI may spend ...

Market News

BYJU’S faces a .2 billion lawsuit from lenders as founder disputes debt claims amid allegations of financial mismanagement.

BYJU’S faces a $1.2 billion lawsuit from lenders as founder disputes debt claims amid allegations of financial mismanagement.

BYJU’S is facing legal challenges from US lenders represented by Glas Trust, who demand repayment of a $1.2 billion Term Loan B. The founder, Byju Raveendran, claims the company’s verified debt is only around Rs 20 crore, arguing this means he may not owe anything. However, the lenders insist that both Raveendran and the Insolvency ...

Market News

Google faces a dramatic antitrust lawsuit threatening its ad tech dominance, following a prior ruling declaring its search engine a monopoly.

Google faces a dramatic antitrust lawsuit threatening its ad tech dominance, following a prior ruling declaring its search engine a monopoly.

One month after a judge ruled that Google’s search engine operates illegally as a monopoly, the tech giant is facing another antitrust lawsuit concerning its advertising technology. The U.S. Justice Department claims that Google maintains a monopoly by controlling both sides of the advertising transaction, which leads to higher fees for publishers and advertisers. As ...

Market News

BIG NEWS: Nordstrom Resolves Lawsuit Over Fake Patagonia Products!

Nordstrom has reached a settlement with outdoor retailer Patagonia over a lawsuit accusing the department store of selling counterfeit products. Patagonia claimed that Nordstrom was selling “obvious counterfeits” of their popular outdoor gear. The details of the settlement have not been disclosed, but both companies have expressed their commitment to upholding the integrity of their ...

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