Bankruptcy lawyers for FTX said that customers of the cryptocurrency exchange were set to get all their money back, plus interest.
Category: Suits and Litigation (Civil)
TikTok Sues US Government Over Potential Ban
The social media company and its Chinese parent, ByteDance, sued to challenge the new law, saying it violated users’ First Amendment rights.
Norfolk Southern Settles Derailment Suit for $600 Million
The railroad company will pay residents and businesses in East Palestine, Ohio, and the surrounding area after a derailment last year.
Google Settles Smaller Lawsuits as It Prepares for More Antitrust Fights
The tech giant has recently spent more than $1 billion to resolve several legal claims as more battles with the Justice Department loom.
Elon Musk Sues OpenAI and Sam Altman for Violating the Company’s Principles
Musk said the prominent A.I. start-up had prioritized profit and commercial interests instead of seeking to benefit humanity.
He Grew Up in the Shadow of the ‘Wolf of Wall Street.’ Then He Got Into Debt Settlement.
Ryan Sasson built a business that reaped hundreds of millions of dollars in fees for helping people negotiate down their debts. But former clients — and prosecutors — say it was exploitative.
Family Split at LG, a South Korean Giant, Tests Corporate Succession
A lawsuit pitted the former chairman’s widow and daughters against the son he adopted, challenging the patriarchal traditions of a $10 billion conglomerate.
Bellevue Hospital Rushes Patients Into Weight-Loss Surgery
New York’s Bellevue Hospital performs thousands of the lucrative surgeries a year, even on Rikers Island prisoners and other inappropriate patients.
JetBlue Seeks Court Approval of its Acquisition of Spirit Airlines
JetBlue Airways is trying to persuade a federal court to let it acquire Spirit Airlines, a deal that the Justice Department says will raise fares and reduce competition.
Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations
Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.