Apple hit with £1.5bn UK lawsuit over ‘excessive’ app store charges May 11, 2021 Apple is being sued for £1.5bn in a landmark UK class action lawsuit that accuses the tech giant of charging “excessive and unlawful” fees on its App Store. The claim, which has been filed in the Competition Appeal Tribunal in London, alleges that Apple deliberately shuts out competition by forcing consumers to use its own [...]
SEC ends Paxos investigation, marking a victory for the crypto market July 15, 2024 On July 9, Paxos, a leading regulated blockchain infrastructure platform, received a “formal termination notice” from the U.S. Securities and Exchange Commission (SEC).
Investigation closed: SEC clears Ethereum June 21, 2024 In a significant turn of events, the U.S. Securities and Exchange Commission (SEC) has closed its investigation into Ethereum 2.0, opting not to pursue any enforcement actions.
First Citizens sues HSBC for poaching Silicon Valley Bank staff May 23, 2023 First Citizens, which acquired Silicon Valley Bank following its collapse, sued HSBC on Monday, accusing it of poaching more than 40 of the failed bank’s employees in order to launch its own U.S. venture banking business. The lawsuit filed in San Francisco federal court says HSBC violated federal law by hiring away the workers so [...]
Apple fails to have £785m English class action thrown out of court April 12, 2024 Last July, there was a class action brought on behalf of UK app developers against Apple, alleging that the company’s App Store holds an unfair monopoly.
Reckitt Benckiser: Dettol producer shares plunge on baby formula fears July 29, 2024 Shares in Reckitt Benckiser plunged nearly 10 per cent after a US jury found Abbott Laboratories failed to warn consumers about the health risks of its product.
Google faces £14bn UK class action after Tribunal greenlights claim June 5, 2024 A London Tribunal has given the green light to a £14bn class action against Google, which alleges the tech giant abused its dominance in the digital advertising market.
Storm in a spinning teacup: Butlin’s sues Aviva over definition of flooding April 28, 2024 Butlin's is suing Aviva over the definition of a storm, after serious flooding forced it to shut its largest resort.
Elite global firm McKinsey in US Justice Department hot chair over Opioid crisis April 25, 2024 Consultancy firm McKinsey has been placed under criminal investigation in the US over its role in the country's Opioid crisis.
Donald Trump defrauded banks and insurers as he built his empire, judge rules September 27, 2023 A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House. Judge Arthur Engoron, ruling on Tuesday in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others [...]