Archive for August 2024

The U.S. Securities and Exchange Commission has settled with crypto lending platform Abra after charging the startup with selling unregistered securities to consumers and operating as an unregistered investment company. Plutus Lending LLC, doing business as Abra, agreed to settle … Source: Claims Journal

An appeals court in Washington, D.C. revived the district’s lawsuit against Amazon.com Inc on Thursday, saying it plausibly claimed the online retailer’s pricing policies illegally stifle competition. The District of Columbia Court of Appeals reversed a ruling that had dismissed … Source: Claims Journal

Online fast-fashion giant Shein has filed another lawsuit against competitor Temu, accusing the China-founded shopping platform of stealing its designs, copying its product images and engaging in other types of fraud. The complaint filed in a Washington federal court this … Source: Claims Journal

AT&T has agreed to pay $950,000 after a Federal Communications Commission investigation found the company failed to deliver 911 calls to emergency call centers and did not notify officials during an August 2023 outage, the agency said on Monday. The … Source: Claims Journal

Citigroup alleges that a former managing director suing the bank was fired for performance reasons, rather than for what she said were attempts by the bank to give regulators false information. On Thursday, the bank responded to a lawsuit filed … Source: Claims Journal

Microsoft Corp. is planning a meeting next month with cybersecurity companies that operate at the core of its Windows systems to discuss ways in which they can keep last month’s worldwide computer crash from happening again. Cyber companies — including … Source: Claims Journal

Top U.S. oilfield services firm Halliburton said on Friday it was working with law enforcement to determine the extent of a computer systems breach and was yet to determine if the incident would have a material impact on its business. … Source: Claims Journal

Johnson & Johnson said on Friday it is negotiating with plaintiffs’ lawyers who have opposed the company’s proposed settlement of lawsuits alleging its baby powder and other talc products caused cancer, seeking to eliminate holdouts to the deal. J&J has … Source: Claims Journal

Uber Technologies Inc. plans to start offering self-driving Cruise LLC cars to customers on its ride-hailing platform next year. Once the multiyear partnership between Uber and Cruise begins, an Uber rider requesting a qualifying ride will have the option of … Source: Claims Journal

Conflicting federal policies may force thousands of residents in flood-prone areas to pay more for flood insurance or be left unaware of danger posed by dams built upstream from their homes and worksites, according to an Associated Press review of … Source: Claims Journal