October 2024 - cypherpunks - lists.cpunks.org

2nd Circ. Revives Investor Suit Against Chinese News App
by Gunnar Larson 30 Oct '24

30 Oct '24

2nd Circ. Revives Investor Suit Against Chinese News App <https://www.law360.com/capitalmarkets/articles/2253406?nl_pk=abe82add-2a33-…> By Katryna Perera The Second Circuit has revived a securities class action alleging that Chinese news aggregation app Qutoutiao hid changes in its advertising policies that allegedly spurred fraudulent advertisements on the app and eventually caused its share price to decline, finding that the lower court erred in determining that the suit's claims sound in fraud. Order attached | Read full article » <https://www.law360.com/capitalmarkets/articles/2253406?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/2253406?nl_pk=abe82add-2a33-…>

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Lovesac To Pay SEC $1.5M Fine In Accounting Fraud Case
by Gunnar Larson 30 Oct '24

30 Oct '24

Lovesac To Pay SEC $1.5M Fine In Accounting Fraud Case <https://www.law360.com/capitalmarkets/articles/2253704?nl_pk=abe82add-2a33-…> By Katryna Perera Beanbag chair maker Lovesac has agreed to pay $1.5 million to the U.S. Securities and Exchange Commission to settle allegations that some of the company's former executives conspired to cover up an accounting debacle over how it recorded what's known as last-mile shipping costs. 2 documents attached | Read full article » <https://www.law360.com/capitalmarkets/articles/2253704?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/2253704?nl_pk=abe82add-2a33-…>

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Yieldstreet Investors' $9M Deal Over Risky Offerings OK'd
by Gunnar Larson 30 Oct '24

30 Oct '24

Yieldstreet Investors' $9M Deal Over Risky Offerings OK'd <https://www.law360.com/capitalmarkets/articles/2253706?nl_pk=abe82add-2a33-…> By Gina Kim A New York federal judge has given his preliminary blessing to a settlement worth up to $9 million resolving a class action by Yieldstreet investors who accused the online platform of offering "riskier-than-junk-bond investments" to the public that caused the plaintiffs to lose millions of dollars in defaulted loans. Order attached | Read full article » <https://www.law360.com/capitalmarkets/articles/2253706?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/2253706?nl_pk=abe82add-2a33-…>

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Alameda Research Wants Crypto Exchange To Return $50M
by Gunnar Larson 30 Oct '24

30 Oct '24

Alameda Research Wants Crypto Exchange To Return $50M <https://www.law360.com/capitalmarkets/articles/2253472?nl_pk=abe82add-2a33-…> By Katryna Perera Alameda Research, the crypto trading affiliate of the bankrupt FTX digital asset empire, has sued the operators of KuCoin cryptocurrency exchange in Delaware bankruptcy court seeking the return of $50 million of assets that continue to be held on the platform despite the debtors' requests. Complaint attached | Read full article » <https://www.law360.com/capitalmarkets/articles/2253472?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/2253472?nl_pk=abe82add-2a33-…>

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Cannon Won't Recuse In Trump Shooting Suspect's Fla. Case
by Gunnar Larson 30 Oct '24

30 Oct '24

Cannon Won't Recuse In Trump Shooting Suspect's Fla. Case <https://www.law360.com/competition/articles/2253577?nl_pk=6416fd97-1dc4-4e0…> By Craig Clough U.S. District Judge Aileen Cannon declined Tuesday to recuse herself from overseeing the case of a man charged with attempting to shoot former President Donald Trump, saying Trump's praise of her and reports that he would consider her for attorney general if elected are not enough to disqualify her. Order attached | Read full article » <https://www.law360.com/competition/articles/2253577?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/2253577?nl_pk=6416fd97-1dc4-4e0…>

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Circuit Judge Rips Atty's 'Unearned Windfall' In Liability Case
by Gunnar Larson 30 Oct '24

30 Oct '24

Circuit Judge Rips Atty's 'Unearned Windfall' In Liability Case <https://www.law360.com/competition/articles/2252984?nl_pk=6416fd97-1dc4-4e0…> By Rose Krebs Although the Sixth Circuit has affirmed a decision awarding roughly $353,000 to a Texas attorney in a decadelong fee dispute over his representation of a client in a product liability case, one circuit judge expressed "extreme disapproval" over the lawyer's conduct in the matter. Decision attached | Read full article » <https://www.law360.com/competition/articles/2252984?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/2252984?nl_pk=6416fd97-1dc4-4e0…>

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Bell Owes $16M In Trade Secrets Row With Vendor, Jury Finds
by Gunnar Larson 30 Oct '24

30 Oct '24

Bell Owes $16M In Trade Secrets Row With Vendor, Jury Finds <https://www.law360.com/competition/articles/2253737?nl_pk=6416fd97-1dc4-4e0…> By Spencer Brewer A Texas jury on Tuesday largely found in favor of Bell Helicopter Textron Inc. in a suit claiming that it used a former vendor's trade secrets to prep a replacement supplier, concluding that Bell breached its contract with the vendor but that the Fort Worth, Texas-based aerospace manufacturer hadn't stolen intellectual property. Read full article » <https://www.law360.com/competition/articles/2253737?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/2253737?nl_pk=6416fd97-1dc4-4e0…>

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ByteDance's Sanctions Bid Against Ex-Worker Delays Trial
by Gunnar Larson 30 Oct '24

30 Oct '24

ByteDance's Sanctions Bid Against Ex-Worker Delays Trial <https://www.law360.com/competition/articles/2253039?nl_pk=6416fd97-1dc4-4e0…> By Ivan Moreno and Andrew Karpan A California federal judge delayed a trial in a wrongful termination lawsuit filed by an engineer formerly at TikTok's parent company ByteDance, directing the parties on Tuesday to instead submit briefing on the defendants' motion to terminate the case as a sanction for the plaintiff's alleged destruction of evidence and perjury. 3 documents attached | Read full article » <https://www.law360.com/competition/articles/2253039?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/2253039?nl_pk=6416fd97-1dc4-4e0…>

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Rumble Pushes To Join Google Ad Tech MDL
by Gunnar Larson 30 Oct '24

30 Oct '24

Rumble Pushes To Join Google Ad Tech MDL <https://www.law360.com/competition/articles/2253372?nl_pk=6416fd97-1dc4-4e0…> By Matthew Perlman Video-sharing site Rumble has told the U.S. Judicial Panel on Multidistrict Litigation that its case accusing Google of monopolizing key digital advertising technology should be included in the consolidated litigation pending against the tech giant in New York. Response attached | Read full article » <https://www.law360.com/competition/articles/2253372?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/2253372?nl_pk=6416fd97-1dc4-4e0…>

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Epic Urges 9th Circ. Not To Pause Google Play Store Fixes
by Gunnar Larson 30 Oct '24

30 Oct '24

Epic Urges 9th Circ. Not To Pause Google Play Store Fixes <https://www.law360.com/competition/articles/2253440?nl_pk=6416fd97-1dc4-4e0…> By Dorothy Atkins Epic Games Inc. has fired back against Google's request the Ninth Circuit issue an emergency stay pausing a lower court's antitrust injunction that would require Google to open up its Play Store to competing app stores, slamming Google's arguments as "scattershot," misleading and legally unfounded. Response attached | Read full article » <https://www.law360.com/competition/articles/2253440?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/2253440?nl_pk=6416fd97-1dc4-4e0…>

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