iab-law

Prosecutors say Sam Bankman-Fried’s contact with former FTX general counsel is ‘suggestive’ of witness tampering

CNN — Federal prosecutors say FTX founder Sam Bankman-Fried contacted the crypto trading platform’s former general counsel earlier this month in a move they say may constitute tampering of witnesses. A Bankman-Fried spokesperson declined to comment. Prosecutors from the U.S. Attorney’s Office for the Southern District of New York asked the judge to change Bankman-Fried’s …

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DOJ sues Google for its dominance in the online advertising market

CNN — The Justice Department and eight states sued Google on Tuesday, accusing the company of harming competition with its dominance in the online advertising market and calling for its dissolution. The decision marks the Biden administration’s first successful antitrust case against a Big Tech company. The eight states joining the lawsuit are California, Colorado, …

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FTC asks federal court to hold ‘pharmaceutical brother’ Martin Shkreli in contempt

Washington CNN — The Federal Trade Commission on Friday asked a federal court to hold “Pharma Bro” Martin Shkreli in contempt after Shkreli allegedly flouted a recent FTC investigation into his business dealings and failed to make the $64.6 million payment. of dollars he owed for his past wrongdoings. The FTC’s contempt motion follows what …

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Darius Miles: After a University of Alabama basketball player is charged in the murder of a 23-year-old woman, her mother shares what led up to the fatal shooting

CNN — After University of Alabama basketball player Darius Miles was charged with murder in the death of a 23-year-old mother and removed from the team, the victim’s loved ones say she was shot and killed when she declined a man trying to flirt with her. Miles, 21, and Michael Lynn Davis, 20, were arrested …

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Darius Miles: University of Alabama basketball player charged with murder in the killing of a 23-year-old woman

CNN — University of Alabama basketball player Darius Miles has been arrested and charged with murder in connection with a shooting near the campus Sunday which left a 23-year-old woman dead, Tuscaloosa law enforcement announced. “We were made aware of the recent charge against student-athlete Darius Miles, and he is no longer a member of …

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Fired Twitter workers can’t pursue claims via class action, judge says

Twitter (TWTR) has won a ruling allowing the social media company to force several terminated workers pursuing their dismissal to pursue their claims through individual arbitration rather than a class action. U.S. District Judge James Donato ruled on Friday that five former Twitter employees suing a proposed class action lawsuit accusing the company of failing …

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Los Angeles Dodgers officially cut ties with pitcher Trevor Bauer who served suspension for violating MLB policies

CNN — The Los Angeles Dodgers have officially cut ties with pitcher Trevor Bauer, the team announced Friday. The former Cy Young award winner was previously suspended by Major League Baseball for violating the league’s joint domestic violence, sexual assault, and child abuse policy, but was reinstated last month when an arbitrator reduced his suspension …

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SEC closes insider trading investigation of former Republican senator

CNN — The United States Securities and Exchange Commission has closed its insider trading investigation into stock trades made by the then senator. Richard Burr and his brother-in-law at the start of the pandemic, the former senator announced on Friday. “This week, the SEC informed me that it has concluded its investigation without action. I …

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FTX founder Sam Bankman-Fried arrives in court to face charges

New York CNN — Sam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX, has arrived in federal court in Manhattan where he is expected to appear to face charges that include defrauding investors out of billions of dollars. . Authorities have accused Bankman-Fried of stealing funds from FTX clients to cover loans taken out …

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Inspired by the movie ‘Office Space,’ a Washington software engineer steals more than $300,000 from his employer, prosecutors say

CNN — A Washington man allegedly transferred thousands of dollars from his employer to a personal account after he was inspired by the cult 1999 film “Office Space,” according to a Seattle Police Department arrest report. Ermenildo Valdez Castro, 28, worked for online retailer Zulily as a software engineer from December 2018 until his dismissal …

Inspired by the movie ‘Office Space,’ a Washington software engineer steals more than $300,000 from his employer, prosecutors say Read More »