Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
Category: Suits and Litigation (Civil)
Fake Reviews Are Rampant Online. Can a Crackdown End Them?
A wave of regulation and industry action has placed the flourishing fake review business on notice. But experts say the problem may be insurmountable.
Meta Sued Over Features That Hook Children to Instagram, Facebook
More than three dozen states and the District of Columbia accused the tech giant of knowingly using addictive features to draw in and retain children and teenagers.
Women Could Fill Truck Driver Jobs. Companies Won’t Let Them.
Three women filed a discrimination complaint against a trucking company over its same-sex training policy, which they say prevented them from being hired.
Microsoft C.E.O. Testifies That Google’s Power in Search Is Ubiquitous
Satya Nadella, the chief executive of Microsoft, is the government’s biggest-name witness in its landmark antitrust case against Google.
Report on Anti-Gay Slur Could Put Wisconsin News Site Out of Business
When a north-central Wisconsin news site reported that a businessman had uttered a homophobic slur, he sued, claiming defamation. The legal bills are piling up.
Eight Months Pregnant and Arrested After False Facial Recognition Match
Porcha Woodruff thought the police who showed up at her door to arrest her for carjacking were joking. She is the first woman known to be wrongfully accused as a result of facial recognition technology.
How Gilead Profited by Slow-Walking a Promising H.I.V. Therapy
Gilead delayed a new version of a drug, allowing it to extend the patent life of a blockbuster line of medications, internal documents show.
Leon Black Agreed to Pay $62.5 Million to Settle Epstein-Related Claims
The private equity mogul struck a deal with the U.S. Virgin Islands to avoid a potential lawsuit over his ties to Jeffrey Epstein.
Amazon Union Group, Challenging Christian Smalls, Seeks Vote
A split over the stewardship of the union’s high-profile president, Christian Smalls, has led a rival faction to file a lawsuit seeking an election.