Coinbase, a leading cryptocurrency exchange, is facing a lawsuit for over $1 billion from BiT Global Digital Limited, a company based in Hong Kong. The lawsuit claims that Coinbase acted unfairly by delisting Wrapped Bitcoin (wBTC) from its platform to benefit its own product, cbBTC. BiT Global argues that Coinbase’s reasons for the delisting are ...
A man from the UK is suing his local council over a Bitcoin hard drive that was buried in a landfill more than ten years ago. James Howells believes the Bitcoin wallet could now be worth £600 million, or over $1.1 billion. He claims that his girlfriend accidentally threw out the hard drive in 2013. ...
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 ...
Delta Air Lines has filed a lawsuit against cybersecurity firm CrowdStrike following a major software update this summer that disrupted millions of computers globally. The incident significantly affected Delta, grounding much of its passenger fleet. The airline is seeking damages, claiming the update caused "catastrophic" chaos.
 "BYJU’S faces a .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 ...
 "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 ...
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 ...
Major US airlines are taking legal action against the Department of Transportation, arguing against a new rule that would require them to disclose all fees upfront. The airlines claim that this rule would place unnecessary burdens on them and could potentially hurt their bottom line. Stay tuned as this legal battle unfolds in the coming ...
“In a groundbreaking legal challenge that’s catching everyone’s attention, a prominent crypto firm is taking a bold stand against the SEC by asking a court to officially declare that Ethereum tokens are not securities. This marks a significant moment in the digital currency world, as the outcome could reshape the regulatory landscape for cryptocurrencies. The ...
