A group of Tesla Inc. investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the carmaker private at $420 a share …
Two founders of Tornado Cash, a cryptocurrency mixing service that has been under scrutiny by various US agencies for more than a year, were charged with helping launder more than $1 billion for clients that included a North Korean cybercrime …
The New York Knicks sued the Toronto Raptors, claiming a former Knicks employee stole scouting reports and other proprietary information after getting a job offer at the rival National Basketball Association team. The Knicks filed suit Monday against the Raptors, …
A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for misrepresenting the investment risk posed by a group of hedge funds that collapsed amid market fluctuations caused by the Covid-19 pandemic. US …
Pop star Ed Sheeran won a closely watched trial over allegations that his 2014 Grammy-winning song Thinking Out Loud copied key musical elements from Marvin Gaye’s classic 1973 soul groove Let’s Get It On. A federal jury in Manhattan rendered …
The former Allianz SE hedge fund manager charged with fraud over billions of dollars in investor losses asked a judge to throw out the case, claiming lawyers wrongly betrayed him to protect the company. Gregoire Tournant claims in a Monday …
JPMorgan Chase Bank NA will have to face a lawsuit by a unit of the French maker of Ray-Ban glasses that claims the bank ignored suspicious transactions as cybercriminals drained $272 million from its New York bank account. Essilor Manufacturing …
The Boy Scouts of America defeated a trademark lawsuit brought by the Girl Scouts over use of the term “scouting.” U.S. District Judge Alvin K. Hellerstein on Thursday tossed the 2018 suit claiming the now-coed Boy Scouts’ use of the …
Prince Andrew failed to convince a judge to toss a lawsuit accusing him of sexually abusing a teenage girl decades ago. Virginia Giuffre claims the British royal was one of several powerful men to whom Jeffrey Epstein “lent” her for …
Federal judges issued three different decisions on New York state and city requirements for Covid-19 vaccinations, upholding the status quo as the contentious issue winds it way through the court system. New York City’s program requiring proof of vaccination to …
