Bloomberg Law News
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Facebook’s $650 Million Privacy Settlement Approved By Judge (1)
WEBFeb 26, 2021 · A $650 million biometric privacy settlement with Facebook Inc. was approved by a San Francisco federal judge Friday, capping a yearslong case involving the social media giant’s use of facial technology.. U.S. District Judge James Donato of the Northern District of California said it was one of the largest settlements ever for a privacy violation and would give each interested class member at ...
TikTok $92 Million Privacy Settlement Granted Final Approval (1)
WEBJul 28, 2022 · TikTok must pay $92 million to resolve multidistrict litigation over the company’s alleged misuse of its users’ private data, after a federal judge in Illinois granted final approval of a settlement Thursday.
How to Recover Assets Lost to Cryptocurrency Theft and Fraud
WEBDec 9, 2022 · TrustStorm. Olshan Frome Wolosky’s Robert Appleton and TrustStorm’s George McEachern explain how cryptocurrency investors might respond and recover assets from losses due to fraud and theft. Investor funds losses continue to mount with the meltdown of numerous cryptocurrency and misuse of investor funds by centralized cryptocurrency exchanges.
Ten Scenarios That Provoke Motions for Sanctions—And How to …
WEBOct 16, 2012 · Regardless of the motive, once the full truth is discovered by the other side, a motion for sanctions for perpetuation of a fraud on the court is sure to follow. 3 A trial court has the inherent authority to dismiss a plaintiff’s entire case when there is clear and convincing evidence that the plaintiff has committed “a fraud on the court ...
Monster Energy Wins $293 Million False Ad Award Over Bang Energy
WEBSep 30, 2022 · Energy drink maker Monster Energy Co. was awarded $293 million in damages by a California federal jury in a false advertising and trade secrets case against the maker of Bang Energy and its CEO Jack Owoc over the drink’s “super creatine” branding—with the potential for more to come.. The jury awarded $272 million for the false advertising claim, $18 million for tortious interference ...
Security Firm That Absorbed Blackwater Elevates Big Law Veteran
WEBFeb 18, 2022 · A risk management company that includes the private security contractor once known as Blackwater among its holdings has promoted a former McGuireWoods partner to chief legal and compliance officer. Melissa Taylormoore, who has been with Constellis Holdings LLC since 2015, succeeds former legal chief and corporate secretary Gearoid “Gary ...
CFPB’s ‘Buy Now, Pay Later’ Rule Sparks Conflicting Reactions
WEBAug 1, 2024 · The CFPB in May issued an interpretive rule applying credit card protections such as dispute resolution procedures, refunds for voided purchases, and regular billing statements to buy now, pay later products. Industry representatives argued the interpretive rule, which took effect July 30, wasn’t appropriate for buy now, pay later. Credit ...
Chegg May Seize Homeworkify Website in Suit Over Stolen Answers
WEBNov 8, 2023 · Online learning platform Chegg Inc. may seize the internet domain of Homeworkify, a competitor that allegedly provided free homework answers to students after stealing them from Chegg, a federal court ruled.. Chegg provided sufficient evidence to show a likelihood of success on all of its claims against the defendants and that it suffered irreparable harm due to the defendants’ continued ...
INSIGHT: Business Email Compromise—Who Bears the Loss?
WEBJul 6, 2020 · Business email compromise scams have expanded in sophistication and scale, and fraudsters have stepped up efforts during the Covid-19 pandemic. Debevoise & Plimpton attorneys discuss the emerging legal standard in disputes between buyers and sellers who fall victim to a BEC scam and who is responsible for the loss.