New York Attorney General Letitia James Wednesday released a letter to Madison Square Garden Entertainment Corp. (MSG Entertainment) regarding its reported use of facial recognition software to identify and deny entry to MSG venues for all lawyers affiliated with law firms that represent clients in pending litigation related to MSG Entertainment. The policy may affect up to [...]
The US Department of Justice (DOJ) Tuesday filed a federal antitrust complaint against Google LLC, which alleged that Google’s monopolization of “multiple digital advertising technology products” violated Section 1 and Section 2 of the Sherman Act. The DOJ’s 153-page complaint alleged that Google abused its monopoly power regarding its ad tech products, which disadvantaged other website [...]
The US Securities and Exchange Commission (SEC) Monday settled with Bloomberg Finance L.P. over claims that the company made misleading disclosures relating to its paid subscription service BVAL, which provides daily pricing for over 2.5 million securities to more than 1,300 financial institution customers. Bloomberg agreed to pay the SEC a $5 million penalty and cease [...]
The Securities and Exchange Commission (SEC) Thursday charged Nexo Capital Inc. with failing to register a security that allowed consumers to earn interest on cryptocurrency. Nexo agreed to pay the SEC a $22.5 million penalty and cease the unregistered offer and sale of its “Earn Interest Product” (EIP) to US investors. Nexo also agreed to [...]
William “Rick” Singer, the orchestrator of the “Varsity Blues” college admissions bribery scheme, was sentenced to 3.5 years in prison Tuesday for his role in the “nationwide conspiracy” including cheating in entrance exams and falsely admitting students as athletic recruits. Additionally, he was also ordered to pay the Internal Revenue Service (IRS) $10,668,841 in restitution, [...]
Ireland’s data regulator, known as the Data Protection Commission (DPC), Tuesday fined Meta Platforms Ireland Limited (Meta Ireland) €390 million for its Facebook and Instagram personalized advertisement delivery, which violated the EU’s General Data Protection Regulation (GDPR). The DPC fined Meta Ireland €210 million for its Facebook breaches and €180 million for its Instagram breaches. Further, [...]
The Consumer Financial Protection Bureau (CFPB) Tuesday ordered Wells Fargo to pay $3.7 billion regarding its “widespread mismanagement” affecting over 16 million consumer accounts. Specifically, Wells Fargo must pay $2 billion to consumers in addition to a $1.7 billion civil penalty which will be put into the CFPB’s Civil Penalty Fund to compensate victims of federal consumer financial [...]
Private video game consumers Tuesday filed an antitrust lawsuit against Microsoft alleging the company’s intended purchase of Activision Blizzard, Inc., the maker of popular video game “Call of Duty,” for $68.7 billion creates a monopoly within the video game industry. Specifically, the lawsuit alleges that Microsoft violated Section 7 of the Clayton Antitrust Act (15 [...]
New York federal judge John Sinatra Tuesday issued a preliminary injunction in Christian v. Nigrellixi blocking New York’s enforcement of the “private property exclusion” within NY penal law section 265.01-d. Judge Sinatra found the ban unconstitutional because it violates the US Constitution’s Fourteenth Amendment regarding citizens’ right to “keep and bear arms,” as guaranteed in the [...]
Former Theranos CEO Elizabeth Holmes Friday was sentenced in San Jose, CA by US District Judge Edward Davila to 135 months (11.25 years) in prison and three years of supervised release following her prison sentence. Judge Davila also ruled that $121 million is the reasonable total loss to investors in the consumer healthcare technology startup that claimed its [...]
