Trump Secures Delay in Truth Social Deal Lawsuit Citing Immunity
In a significant legal development, former President Donald Trump has successfully obtained a delay in the ongoing lawsuit regarding his social media platform, Truth Social. This delay comes as Trump’s legal team asserts claims of immunity, positioning themselves and their client to potentially navigate through complex legal waters without the immediate pressure of court proceedings.
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Judge Expresses Doubts Over Google's Defense in High-Stakes Ad Tech Lawsuit
In a pivotal court session held recently, skepticism emerged from the presiding judge regarding Google’s defense strategies in an ongoing antitrust lawsuit centered on the tech giant's advertising technology practices. The case, which has garnered significant attention, revolves around accusations that Google holds undue dominance in the digital advertising market, with plaintiffs arguing that this monopolistic behavior stifles competition and harms advertisers.
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Ex-FTX Executive Gary Wang Escapes Jail Time Amid Shocking Fraud Case
In a significant development concerning the high-profile FTX fraud case, Gary Wang, a former executive at the bankrupt cryptocurrency exchange, has received a sentence of probation instead of prison time. This surprising outcome comes as Wang had previously pled guilty to charges of fraud, marking a notable moment in the ongoing saga of FTX's dramatic downfall.
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Meta Faces Legal Setback in Germany Over 2021 Global Data Breach
In a significant ruling, a German court has dismissed Meta's attempts to evade responsibility for a massive data leak that occurred in April 2021. The breach compromised the personal information of more than 530 million users worldwide, fueling concerns over data security and privacy regulations.
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Singapore Oil Tycoon Ok Lim Sentenced to 17.5 Years for Fraud Scheme
In a significant ruling that underscores the legal repercussions of financial misconduct, Ok Lim, a prominent oil tycoon from Singapore, has been sentenced to 17.5 years in prison. Lim, who was at the helm of a major oil trading firm, was found guilty of orchestrating a large-scale fraudulent scheme that led to substantial financial losses for creditors.
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Polymarket Under DOJ Scrutiny for Allowing U.S. Users to Bet On Its Platform
In a significant legal development, Polymarket, a popular prediction market platform, is facing an investigation by the U.S. Department of Justice (DOJ) for allegedly permitting American users to engage in betting activities that may contravene federal laws. This scrutiny comes amid growing concerns surrounding online gambling regulations and the legality of betting markets in the United States.
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NVIDIA Shareholder Case: Supreme Court Expresses Caution on Broad Rulings
In a pivotal hearing held on November 13, 2024, the Supreme Court of the United States conveyed its hesitance regarding a potential sweeping judgment in a significant shareholder lawsuit against NVIDIA Corporation. The case, which has drawn considerable attention due to its implications for corporate governance and shareholder rights, revolves around allegations concerning misleading statements made by the technology giant.
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Meta Secures Legal Victory Against FTC Over Antitrust Allegations
In a significant development for Meta Platforms Inc., the company has successfully convinced a federal judge to limit the scope of the Federal Trade Commission's (FTC) antitrust suit concerning its popular social media platforms, Instagram and WhatsApp. This ruling, announced on November 13, 2024, marks an important moment for the tech giant at a time when regulatory scrutiny has intensified across the industry.
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U.S. Government Moves to Seize Cryptocurrency Linked to Sam Bankman-Fried Bribery Allegation
In a significant development for the ongoing fallout from the collapse of cryptocurrency exchange FTX and its former CEO, Sam Bankman-Fried, the United States government has formally requested to seize cryptocurrency assets connected to a bribery charge against Bankman-Fried. This move underscores the increasing scrutiny over financial activities linked to prominent figures in the crypto world, as authorities take steps to secure funds involved in illicit activities.
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Judge Rules Byju's U.S. Units Unjustly Stripped of Educational App
In a significant legal decision, a judge has ruled that Byju's, the Indian ed-tech giant, unlawfully stripped its U.S. subsidiaries of an educational application that was vital to their operations. This ruling comes after a lengthy dispute between Byju's and a group of investors who claimed they were misled about the value and functionality of the app known as "EdTech," which has been central to Byju's educational offerings in the United States.
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