Settlement

Galaxy Digital to Pay $200 Million in NYAG Settlement Over LUNA Debacle

1 day ago

In a significant development within the cryptocurrency industry, Galaxy Digital, led by prominent figure Mike Novogratz, has agreed to a settlement with the New York Attorney General's office. The company will be paying a hefty sum of $200 million to resolve allegations linked to the controversial collapses of the Terra LUNA ecosystem, which faced tragic downsides in 2022.

Meta to Settle Donald Trump's Lawsuit with $25 Million Payment Over January 6th Platform Ban

2 months ago

In a significant legal development, Meta Platforms Inc. has agreed to pay $25 million to resolve a lawsuit brought by former President Donald Trump. The suit centered on Trump's ban from Facebook and Instagram following the events of January 6, 2021, when a mob of his supporters stormed the U.S. Capitol in an attempt to overturn the 2020 presidential election results.

General Motors Reaches Settlement with FTC Over Driver Data Privacy Concerns

2 months ago

In a significant move towards enhancing consumer privacy, General Motors (GM) has reached a settlement with the Federal Trade Commission (FTC) regarding allegations that it mishandled sensitive driver data. This resolution comes in light of growing concerns over how automotive companies manage personal information collected through modern vehicle technologies.

FTC Close to Settlement Addressing Loot Box Controversy in Popular Video Game

3 months ago

The Federal Trade Commission (FTC) is on the verge of finalizing a significant settlement concerning the contentious issue of loot boxes in a widely played video game. This development follows increasing scrutiny and growing concerns about the impact of these gaming mechanics, particularly on younger players.

Mozilla Reaches Settlement in Discrimination Case Targeting Apple Activist

3 months ago

Mozilla, the developer of the popular Firefox web browser, has settled a discrimination lawsuit that revolved around allegations of failing to hire a prominent Apple activist. The case, which brought to light issues of workplace inclusivity and corporate hiring practices, has concluded with both parties agreeing to terms that avoid further litigation.

Jump Trading’s Tai Mo Shan Agrees to Pay $123 Million in SEC Settlement

3 months ago

In a significant development in the financial markets, Tai Mo Shan, a partner at Jump Trading, has reached a settlement agreement with the U.S. Securities and Exchange Commission (SEC) amounting to $123 million. This decision follows allegations that Shan violated securities laws through manipulative trading practices.

Zoom's Privacy Investigation by SEC on the Verge of Settlement

4 months ago

In a significant development for the video communication giant Zoom Video Communications, an investigation led by the U.S. Securities and Exchange Commission (SEC) focusing on the company's privacy practices appears to be nearing resolution. The inquiry, which initially commenced in 2020, scrutinized how Zoom collected and managed user data, amidst rising scrutiny over privacy standards in the tech industry.

Goldman Sachs and Apple Agree to $89 Million Settlement Over CFPB Investigation

5 months ago

In a significant development within the financial sector, Goldman Sachs and Apple Inc. have reached an agreement to pay $89 million as part of an investigation initiated by the Consumer Financial Protection Bureau (CFPB). The inquiry primarily focused on allegations surrounding the practices of the Apple Card, a credit card issued by Goldman Sachs in collaboration with the tech giant.