Legal & Regulatory

Elon Musk Seeks Dismissal of Lawsuit Over Delayed Disclosure to X Shareholders

Elon Musk Seeks Dismissal of Lawsuit Over Delayed Disclosure to X Shareholders

Elon Musk has requested a federal judge in New York to dismiss a lawsuit filed by X shareholders alleging delayed disclosure of his significant investment, citing a misunderstanding of SEC disclosure rules.


Paypal Australia Unit Used Unfair Term in Small Business Contracts, Court Finds

PayPal's Australian branch has used an unfair term in its standard contracts with small business clients, according to a federal court.

Texas Woman Loses $17,000 From Wells Fargo Phone Scam

A Texas woman lost $17,000 to a phone scam in which fraudsters posed as representatives from Wells Fargo.

Bankrupted Bitcoin Company Starts Repaying $9 Billion Worth of Crypto to Creditors

Mt. Gox, the defunct Japanese Bitcoin exchange, has begun reimbursing creditors with Bitcoin and Bitcoin Cash, starting with 140,000 Bitcoins recovered out of approximately 950,000 lost.


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Walmart faces a class action lawsuit alleging misleading and unjust pricing by charging customers more than required.
Philippines Demands $1 Million Payment from China over June 17 Incident
The Philippines demanded a payment worth $1 million in damages from China following an altercation in the South China Sea on June 17.
HONG KONG-THEME-WEALTH
Italian authorities have ordered luxury fashion giants Dior and Armani to court after allegedly exploiting migrant workers earning as little as $2 an hour to produce high-priced handbags.
[TIMELINE] How Boeing Came Under Fire by Federal Lawsuit Over Fatal Crashes
Boeing has until July 5 to decide on whether to fight or plead guilty to the lawsuit filed by the Department of Justice for its alleged violation of a 2021 agreement that shielded it from criminal charges after a string of incidents involving its planes, employees, and other business lines.
South Korea Regulator May Sanction Meta Over Facebook and Instagram Marketplaces: Report
Meta cannot use Brazilian personal data to build its AI models, according to the country's data protection authorities.
Florida Enacts Stricter SNAP Benefits Rules; DeSantis Signs Bill to Reform Public Assistance
Florida has implemented stricter requirements for its food stamp program, including expanded work requirements and age limits, affecting SNAP benefits recipients aged 18 to 59.
FTC’s Ban on Worker Noncompete Agreements Partially Blocked by US Judge
The FTC’s rule to ban agreements commonly signed by workers not to join their employers’ rivals or launch competing businesses has been blocked by the US District Court.
Kansas Businessman Admits Guilt in Illegally Exporting Aviation Tech to Russia
A Kansas businessman from Olathe has pleaded guilty to illegally exporting sensitive aviation technology to Russian companies, violating US sanctions.
Former CBS Anchor Jeff Vaughn Files Discrimination Lawsuit Against Network
Former CBS anchor Jeff Vaughn has filed a discrimination lawsuit against the network and its parent company, Paramount Global.
Electric Maker Fisker Reveals Its Fisker Ocean Vehicle
EV startup Fisker has requested a bankruptcy judge's approval to sell over 3,000 Ocean electric SUVs to American Lease for approximately $14,000 each, totaling $46.25 million.
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