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Through the lawsuit, Attorney General James is seeking restitution for investors and "disgorgement of ill-gotten gains," along with a ban on all the three cryptocurrency firms from the financial investment industry in New York. At the heart of the lawsuit is a program that Gemini ran in partnership with Genesis, dubbed "Gemini Earn". Gemini did not reveal any of this information to the investors of Gemini Earn, she added. Genesis and Gemini have clashed several times over the past few months, including over Gemini Earn. DCG said it was blindsided by the attorney general's complaint and the company's CEO Barry Silbert said the lawsuit had "baseless allegations".
Persons: Dado Ruvic, Letitia James, cryptocurrency, Sam Bankman, James, Gemini, Genesis, Mark Zuckerberg, DCG, Barry Silbert, Silbert, Niket, Krishna Chandra Eluri, Shinjini, Shounak Organizations: REUTERS, New York, Genesis Global, Digital Currency Group, Gemini, Meta, Arrows, Thomson Locations: New York, Alameda, Bengaluru
A man walks past the logo of Gemini Trust, a digital currency exchange and custodian, during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. At the heart of the lawsuit is a program Gemini ran in partnership with Genesis. Dubbed "Gemini Earn", the program let customers lend crypto assets such as bitcoin to Genesis. The development underscores the challenges the crypto industry continues to face almost a year after the bankruptcy of Sam Bankman-Fried's exchange FTX, which had led to an industry meltdown. It did not reveal any of this information to the investors of Gemini Earn, she added.
Persons: Marco Bello, Letitia James, cryptocurrency, Genesis, Gemini, James, Sam Bankman, Soichiro Moro, Barry Silbert, Niket, Shounak Dasgupta, Krishna Chandra Organizations: Gemini Trust, REUTERS, New York, Genesis Global, Digital Currency Group, Gemini, Thomson Locations: Miami Beach , Florida, U.S, Alameda, Bengaluru
[1/2] Attorney Sidney Powell speaks at a press conference on election results in Alpharetta, Georgia, U.S., December 2, 2020. The lawyer, Sidney Powell, pleaded guilty to six counts of conspiracy to commit intentional interference with performance of election duties, a misdemeanor charge. Powell admitted to plotting to unlawfully access secure election machines in rural Coffee County in southeastern Georgia in January 2021. Powell was scheduled to be tried alongside Kenneth Chesebro, another lawyer who assisted Trump following the election. If Chesebro goes ahead with trial, Trump could gain a strategic advantage in preparing for his own upcoming Georgia trial, since his attorneys would get a preview of much of the case against him.
Persons: Sidney Powell, Elijah Nouvelage, Donald Trump, Trump, Powell, Joe Biden, Powell's, Fani Willis, Prosecutors, Kenneth Chesebro, Chesebro, Andrew Goudsward, Kanishka Singh, Scott Malone, Bill Berkrot Organizations: REUTERS, Rights, Trump, Democratic, Fulton, Voting Systems, Thomson Locations: Alpharetta , Georgia, U.S, Georgia, Fulton County , Georgia, Coffee, Fulton County, Coffee County
Van der Sloot, 36, was extradited to Alabama in June from a prison in Peru, where he has been serving a 28-year sentence for murdering another woman in Lima. Eyewitnesses said she was last seen leaving a bar in a car with van der Sloot on the night of her disappearance. Van der Sloot has reached a plea deal with U.S. prosecutors that require him to also truthfully disclose what happened to Natalee Holloway, according to John Q. Kelly, a lawyer for the Holloway family. A public defender representing van der Sloot and a spokesperson for the U.S. attorney's office did not respond to questions about a plea deal. In 2012, van der Sloot was convicted in Peru after he confessed to beating, strangling and suffocating Stephany Flores, a 21-year-old Peruvian business student, in May 2010.
Persons: Joran van der Sloot, Natalee Holloway, van der Sloot, Holloway, Van der Sloot, Beth Holloway, John Q, Kelly, van der, Stephany Flores, Jonathan Allen, Jonathan Oatis Organizations: U.S, FBI, Thomson Locations: Peru, U.S, Alabama, Lima, Birmingham, Aruba, Caribbean, New York
Facebook's new rebrand logo Meta is seen on smartphone in front of displayed logo of Facebook, Messenger, Instagram, Whatsapp and Oculus in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Meta Platforms Inc FollowWASHINGTON, Oct 17 (Reuters) - Lawyers for Meta (META.O), which owns Facebook, Instagram and WhatsApp, and the U.S. government tangled on Tuesday over the U.S. Federal Trade Commission's plan to toughen a 2019 privacy order. Speaking for Meta on Tuesday, James Rouhandeh argued that Judge Timothy Kelly of the U.S. District Court for the District of Columbia had jurisdiction to take the case and should scrap the FTC's proposal because Meta had not agreed to it. Arguing for the FTC, Zachary Cowan of the Justice Department said that it was the agency's decision on whether its settlements should be changed and the district court had no jurisdiction. Essentially, the fight is whether Meta and the FTC, if they fail to settle, will go to district court or an FTC judge to decide if the 2019 agreement will be modified.
Persons: Dado Ruvic, James Rouhandeh, Timothy Kelly, Meta, Zachary Cowan, Kelly, Diane Bartz, Marguerita Choy Organizations: Facebook, REUTERS, WASHINGTON, Meta, U.S, U.S . Federal, District of Columbia, Justice Department, FTC, Thomson Locations: toughen
Former U.S. President and Republican presidential candidate Donald Trump delivers remarks to supporters at the Club 47 USA event in West Palm Beach, Florida, U.S. October 11, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsWASHINGTON, Oct. 16 (Reuters) - A U.S. judge on Monday imposed some limits on Donald Trump's public statements about people involved in the federal case accusing him of attempting to overturn his 2020 presidential election defeat, partially granting a request from prosecutors. U.S. District Judge Tanya Chutkan prohibited Trump from targeting U.S. special counsel Jack Smith, federal prosecutors and court staff, and barred him from discussing the testimony of potential witnesses. Reporting by Andrew Goudsward; writing by Susan Heavey; Editing by Scott MaloneOur Standards: The Thomson Reuters Trust Principles.
Persons: Donald Trump, Shannon Stapleton, Donald Trump's, Tanya Chutkan, Jack Smith, Andrew Goudsward, Susan Heavey, Scott Malone Organizations: U.S, Republican, REUTERS, Rights, Trump, Thomson Locations: West Palm Beach , Florida, U.S
Trump, as a criminal defendant, "does not have the right to say and do exactly as he pleases," Chutkan said. The exchanges came as U.S. prosecutors sought a court order to limit Trump's public statements about people involved in the case. Trump is the frontrunner for the Republican nomination to challenge Democratic President Joe Biden in the 2024 U.S. election. Molly Gaston, a prosecutor working with Special Counsel Jack Smith, said the order was necessary to prevent Trump from trying the case "in the court of public opinion." "These prosecutors want to prevent President Trump from speaking out on the issues of the day," Lauro told the judge, adding that the case is "inextricably intertwined with campaign issues."
Persons: Donald Trump, Shannon Stapleton, Tanya Chutkan, Trump, John Lauro, Jack Smith, Chutkan, Lauro, Smith, Joe Biden, Molly Gaston, Gaston, Mike Pence, Mark Milley, Andrew Goudsward, Scott Malone, Will Dunham, Nick Zieminski, Jonathan Oatis Organizations: U.S, Republican, REUTERS, Rights, U.S . Justice Department, Trump, Democratic, Biden, Thomson Locations: West Palm Beach , Florida, U.S, Washington, York, China
Former U.S. President and Republican presidential candidate Donald Trump delivers remarks to supporters at the Club 47 USA event in West Palm Beach, Florida, U.S. October 11, 2023. U.S. District Judge Tanya Chutkan plans a hearing in Washington on the bid by Special Counsel Jack Smith to bar Trump from discussing possible witnesses and disparaging prosecutors, court staff and potential jurors. Smith has cited “inflammatory public statements”, including a stream of social media attacks by Trump, that prosecutors argue are undermining public confidence in the legal system and may influence potential jurors. Trump has pleaded not guilty and accused prosecutors of attempting to interfere with his campaign. The case is one of four criminal cases federal and state prosecutors have brought against the former president this year.
Persons: Donald Trump, Shannon Stapleton, Donald Trump’s, Tanya Chutkan, Jack Smith, Smith, Trump, Democrat Joe Biden, Mike Pence, Mark Milley, Prosecutors, Trump’s, , Andrew Goudsward, Scott Malone, Jonathan Oatis Organizations: U.S, Republican, REUTERS, Rights, Trump, Democrat, Biden Administration, U.S . Justice Department, Prosecutors, Thomson Locations: West Palm Beach , Florida, U.S, Washington, York, China
Migrants seeking asylum in the United States walk on the banks of the Rio Bravo river, the border between the U.S. and Mexico, in Ciudad Juarez, Mexico September 11, 2023. REUTERS/Jose Luis Gonzalez/File Photo Acquire Licensing RightsWASHINGTON, Oct 16 (Reuters) - The U.S. will offer migrant families separated at the U.S.-Mexico border under then-President Donald Trump temporary legal status and other benefits while barring similar separations in the future, according to a summary of a settlement agreement filed on Monday. Reporting by Ted Hesson; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Jose Luis Gonzalez, Donald Trump, Ted Hesson, Jonathan Oatis Organizations: U.S, REUTERS, Rights, Thomson Locations: United States, Rio Bravo, Mexico, Ciudad Juarez, U.S
Former U.S. President and Republican presidential candidate Donald Trump delivers remarks to supporters at the Club 47 USA event in West Palm Beach, Florida, U.S. October 11, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsWASHINGTON, Oct 16 (Reuters) - A federal judge on Monday barred Donald Trump from targeting U.S. prosecutors, court staff and potential witnesses involved in a criminal case accusing him of him trying to overturn his 2020 election loss. U.S. District Tanya Chutkan in Washington said she would not allow Trump, who has pleaded not guilty, to "launch a pretrial smear campaign" against people involved in the case. The order bars Trump and attorneys in the case from personally targeting Special Counsel Jack Smith, prosecutors working with him and court staff. It also prevents Trump from discussing potential witnesses as it relates to their testimony at trial.
Persons: Donald Trump, Shannon Stapleton, Tanya Chutkan, Trump, Chutkan, Jack Smith, Andrew Goudsward, Scott Malone, Will Dunham, Nick Zieminski, Jonathan Oatis Organizations: U.S, Republican, REUTERS, Rights, Trump, Thomson Locations: West Palm Beach , Florida, U.S, Washington
It is a problem that five U.S. state and federal judges are wrestling with as Trump faces four upcoming criminal trials and a civil fraud case. New York state Justice Arthur Engoron already has faced off with Trump on the issue. Trump has cast doubt on Chutkan's ability to give him a fair trial and called her "highly partisan." Ahead of his civil fraud trial, Trump, without providing evidence, accused the U.S. Justice Department of coordinating with New York state Attorney General Letitia James to damage his presidential campaign. One notable exception to Trump's criticism is the judge presiding over the classified documents criminal case in Florida.
Persons: Donald Trump, Letitia James, Mike Segar, Donald Trump's, Jack Smith, Tanya Chutkan, Trump, Joe Biden, Arthur Engoron, Engoron, We've, Michael Frisch, Attorney Alvin Bragg, Smith, James, Smith's, Lawrence Stengel, Stengel, I'm, Aileen Cannon, Cannon, Chutkan, Rebecca Roiphe, Andrew Goudsward, Jack Queen, Will Dunham, Scott Malone Organizations: U.S, Trump Organization, REUTERS, Rights, Trump, Republican, Democratic, Georgetown University, U.S . Justice Department, New, Manhattan, Attorney, Capitol, Fox News, New York University, Thomson Locations: Manhattan, New York City, U.S, New York, Pennsylvania, Florida . U.S
Senator Bob Menendez (D-NJ) speaks to reporters while on his way to a vote following a Senate Democratic caucus meeting on Capitol Hill in Washington, U.S., September 28, 2023. REUTERS/Craig Hudson/File Photo Acquire Licensing RightsWASHINGTON, Oct 13 (Reuters) - U.S. Senator Bob Menendez will be arraigned next week on new charges that he conspired to act as a foreign agent for the Egyptian government, according to court document posted on Friday. Menendez, a Democrat who on Thursday was charged with Foreign Agents Registration Act violations, along with his wife and other co-defendants, is scheduled to face the new charges at a Oct. 18 hearing in federal court in New York, the filing said. Reporting by Luc Cohen; writing by Susan Heavey; editing by Doina ChiacuOur Standards: The Thomson Reuters Trust Principles.
Persons: Bob Menendez, Craig Hudson, Menendez, Luc Cohen, Susan Heavey, Doina Organizations: Democratic, Capitol, REUTERS, Rights, Thomson Locations: Washington , U.S, New York
The logo of Irish services and consulting company Accenture is seen at an temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. The criminal and civil probes followed a voluntary disclosure by the unit, Accenture Federal Services, to the government, the IT service provider said in a regulatory filing. "This matter could subject us to adverse consequences," Accenture said. The unit works with the Accenture's clients in the U.S. federal government and accounted for 15% of overall fiscal 2023 revenue from North America, the company's biggest market. Reporting by Chavi Mehta in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Arnd, Chavi Mehta, Arun Koyyur Organizations: Accenture, REUTERS, U.S . Justice, Accenture Federal Services, DOJ, Thomson Locations: Davos, Switzerland, U.S, North America, Bengaluru
A 3D printed Tik Tok logo is placed on a keyboard in front of U.S. flag in this illustration taken October 6, 2020. Picture taken October 6, 2020. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsCompanies TikTok FollowWASHINGTON, Oct 12 (Reuters) - A U.S. judge questioned Montana's first-of-its kind state ban on the use of short video sharing app TikTok hearing arguments on a legal challenge before it is set to take effect on Jan. 1. U.S. District Judge Donald Molloy, considering a court challenge from TikTok and users, on Thursday questioned the state attorney general's office at a hearing the state's ban approved by the legislature. He noted that no other state has followed suit to ban TikTok.
Persons: Dado Ruvic, Montana's, Donald Molloy, Molloy, David Shepardson Organizations: REUTERS, U.S, District, Thomson Locations: WASHINGTON, U.S
REUTERS/Brendan McDermid/Illustration/File Photo Acquire Licensing RightsOct 11 (Reuters) - GSK (GSK.L) on Wednesday said it would confidentially settle another lawsuit in California alleging its discontinued heartburn drug Zantac caused cancer, as the British drugmaker sought to end costly litigation. The latest settlements in California related to cases due to go to trial in November, with a further set scheduled to begin in Delaware courts in January, GSK said. The company still faces about 79,000 cases related to Zantac in the United States, with 73,000 of them in Delaware. Late in June, the company agreed to settle a similar lawsuit with California resident James Goetz who alleged he developed bladder cancer after taking Zantac. The settlement could be read that GSK sees a risk that these Zantac cases are strong enough that the company might lose at trial, J.P Morgan added.
Persons: Brendan McDermid, Morgan, Harper, Zantac, Boehringer Ingelheim, James Goetz, J.P Morgan, Eva Mathews, Maggie Fick, Nivedita Bhattacharjee, Bernadette Baum Organizations: REUTERS, GSK, Citi, J.P, Pfizer, Sanofi, FDA, Thomson Locations: California, British, Delaware, United States, Bengaluru, London
U.S. Representative George Santos (R-NY) leaves Central Islip Federal Courthouse in Central Islip, New York, U.S., May 10, 2023. Nancy Marks was arrested on Thursday and entered the plea in federal court in Long Island before U.S. District Judge Joanna Seybert, court records showed. The 35-year-old political newcomer has pleaded not guilty and resisted calls to resign for lying about his resume. Marks told the Federal Election Commission in a Jan. 31 filing that she had resigned as Santos' campaign treasurer. Reporting by Luc Cohen in New York; editing by Rami Ayyub and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
Persons: Representative George Santos, Eduardo Munoz, Nancy Marks, Joanna Seybert, Marks, Santos, Luc Cohen, Rami Ayyub, Bill Berkrot Organizations: Representative, Central Islip Federal, REUTERS, U.S, Federal, Commission, Thomson Locations: Central Islip, Central Islip , New York, U.S, Long Island, Queens, Long, New York
But then two days beforehand Musk raised "several spurious objections" and told the SEC he would not appear, the SEC said. According to the filing, Musk has given the SEC documents relating to the probe and has previously provided testimony in July last year via video conference. "The SEC has already taken Mr. Musk's testimony multiple times in this misguided investigation - enough is enough," said a statement from Alex Spiro, an attorney for Musk. Musk acquired Twitter after initially building a large minority stake in the social media platform, which he first disclosed in April 2022. Faced with a trial that sought to compel him to complete the deal, Musk closed his acquisition of Twitter in late October 2022.
Persons: Elon Musk, Porte, Gonzalo Fuentes, Musk, , Alex Spiro, Twitter, ” Musk, Howard Fischer, Moses, Moses & Singer, Tesla, Shivansh, Tom Hals, Chris Prentice, Michelle Price, Sheila Dang, Megan Davies, Shinjini Ganguli, Lisa Shumaker Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, U.S . Securities, Exchange Commission, SEC, Twitter, San, Musk, Moses &, Reuters, Justice Department, Thomson Locations: Paris, France, San Francisco, Texas, New York, Bengaluru, Wilmington , Delaware, Washington, Austin
Companies Johnson & Johnson FollowOct 3 (Reuters) - A New Jersey appeals court on Tuesday threw out a $223.8 million verdict against Johnson & Johnson (JNJ.N) in a trial over four plaintiffs' claims that they developed cancer from being exposed to the company's talc powder products. The Superior Court of New Jersey Appellate Division found that a lower court judge should not have allowed some of the scientific expert testimony the plaintiffs presented to jurors in the case. Reporting By Brendan Pierson in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Johnson, Brendan Pierson, Jonathan Oatis Organizations: Johnson, of New, of New Jersey Appellate Division, Thomson Locations: Jersey, of New Jersey, New York
Companies Coinbase Global Inc FollowNEW YORK, Oct 3 (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday asked a federal judge to deny a motion from Coinbase Global (COIN.O) to dismiss the regulator's lawsuit against the cryptocurrency exchange. Reporting by Jonathan Stempel Writing by Chris Prentice Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: Jonathan Stempel, Chris Prentice, Chris Reese Organizations: Coinbase, U.S . Securities, Exchange Commission, SEC, Thomson
REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsNEW YORK, Oct 2 (Reuters) - McDonald's (MCD.N) and Wendy's (WEN.O) have defeated a lawsuit accusing them of deceiving hungry diners by exaggerating the size of their burgers. Chimienti, a resident of Long Island's Suffolk County, said McDonald's and Wendy's ads depicted undercooked beef patties because meat shrinks 25% when cooked. The complaint quoted a food stylist who said she had worked for McDonald's and Wendy's, and preferred undercooked patties because fully-cooked burgers looked "less appetizing." He said McDonald's and Wendy's were not legally obligated to sell burgers by advertising them, and that their websites provided "prominent, objective information" about the burgers' weight and caloric content. McDonald's, Wendy's and their lawyers did not immediately respond to similar requests.
Persons: Joshua Roberts, Hector Gonzalez, Justin Chimienti, Wendy's Bourbon Bacon Cheeseburger, McDonald's, Chimienti, Wendy's, Gonzalez, Burger King, Taco Bell, Jonathan Stempel, David Gregorio 私 たち Organizations: McDonald's Corp, REUTERS, District, Mac, McDonald's, Burger, Restaurant Brands, Yum Brands, Wendy's, Court, Eastern District of Locations: Arlington , Virginia, U.S, Brooklyn, Long Island's Suffolk County, Miami, Eastern District, Eastern District of New York, New York
The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsCompanies Nano-X Imaging Ltd FollowNEW YORK, Sept 29 (Reuters) - Nano-X Imaging (NNOX.O) and its founder Ran Poliakine agreed to pay nearly $1.1 million to settle U.S. Securities and Exchange Commission charges accusing the Israeli medical imaging company of negligently misleading investors about the cost to make its flagship product. The SEC said Nano-X also touted the misleadingly low estimate before and after its August 2020 initial public offering, which raised $165 million. Poliakine was Nano-X's chief executive at the time of the misleading statements, and is now non-executive chairman, the SEC said. Without admitting or denying wrongdoing, Nano-X and Poliakine agreed to pay respective civil fines of $650,000 and $150,000, and Poliakine will pay $267,000 in disgorgement plus interest.
Persons: Jim Bourg, Ran Poliakine, Poliakine, Jonathan Stempel, Chris Reese Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, X Imaging, U.S, Securities, Exchange, Thomson Locations: Washington, New York
[1/2] Sharpie markers owned by Newell Brands are seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies Newell Brands Inc FollowWASHINGTON, Sept 29 (Reuters) - The U.S. Securities and Exchange Commission on Friday charged Newell Brands (NWL.O) and former CEO Michael Polk with misleading investors about sales. In a settlement, Newell and Polk, without admitting or denying the SEC findings, agreed to pay civil penalties of $12.5 million and $110,000, respectively, the SEC said in a statement. Newell pulled sales forward into earlier quarters without adequate disclosure and used accounting practices that were not consistent with Generally Accepted Accounting Principles, the SEC order said. These actions made the company's core sales growth look as if it was in line with its targets and deprived investors of an accurate picture of Newell's actual sales trends, it said.
Persons: Andrew Kelly, Newell, Michael Polk, Polk, Nick Zieminski Organizations: Newell Brands, REUTERS, WASHINGTON, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Manhattan , New York City, U.S, Newell, Georgia, Polk
[1/2] Chief Executive Officer of Microsoft Corporation Satya Nadella arrives to testify at the northern district of California during a trial as U.S. Federal Trade Commission seeks to stop Microsoft deal to buy Activision Blizzard, in Downtown San Francisco, California, U.S. June 28, 2023.... Acquire Licensing Rights もっと読むWASHINGTON, Sept 28 (Reuters) - Microsoft (MSFT.O) chief executive Satya Nadella is expected to testify on Monday as a witness for the U.S. Justice Department, according to a filing on the docket of its once-in-a generation court fight against Alphabet's (GOOGL.O) Google. THE TAKEThe government is likely to ask Nadella about Microsoft's efforts to expand the reach of Edge and Bing, its browser and search engine, and the obstacles posed by Google's dominance. Google will likely argue that the better quality of its products are the reason for its success rather than illegal behavior. * The clout in search makes Google a heavy hitter in the lucrative advertising market, boosting its profits. Reporting by Diane Bartz; Editing by Howard Goller私たちの行動規範:トムソン・ロイター「信頼の原則」
Persons: Microsoft Corporation Satya Nadella, Satya Nadella, Alphabet's, Diane Bartz, Howard Goller Organizations: Microsoft Corporation, . Federal Trade Commission, Microsoft, Activision Blizzard, U.S . Justice Department, Google, Edge, Bing, Apple Locations: California, Downtown San Francisco , California, U.S, 読む WASHINGTON
Here is a list of attempts by regulators to split up big companies:Standard Oil (1911)- Regulators alleged John Rockefeller's Standard Oil held the monopoly in the oil business by using aggressive pricing to eliminate competition. Standard Oil was broken up into 34 companies. Aluminum Company of America (Alcoa) (1945)- The Justice Department charged Alcoa (AA.N) with illegally monopolizing the aluminum market and demanded the company be dissolved. Paramount Pictures (1948) - The U.S. Supreme Court ruled in a landmark antitrust case, also known as "Paramount case" or the "Hollywood antitrust case," that film studios could not legally own their own theaters, hitting the vertical integration of companies. AT&T (1984) - In 1974, the U.S. government filed an antitrust lawsuit against AT&T (T.N) because it had a monopoly on telephone lines.
Persons: Andrew Kelly, Big, John Rockefeller's, District Judge, Jaspreet Singh, Zaheer Kachwala, Sriraj Kalluvila, Josie Kao Organizations: Federal Trade Commission, Washington , D.C, REUTERS, Amazon.com, Standard Oil, Big Tech, Google, Facebook, Standard, Oil, ExxonMobil, Chevron, Aluminum Company of America, Alcoa, Justice Department, Reynolds, Paramount Pictures, U.S, Supreme, Paramount, IBM, AT, Microsoft, District, Meta, FTC, Thomson Locations: Washington ,, U.S, Bengaluru
The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. These are the specific allegations included in the FTC's 172-page complaint:ONLINE SUPERSTORE, SERVICES MONOPOLIES*The agency alleged that Amazon had a monopoly in an online superstore market. *The agency also said that Amazon had a monopoly in the online marketplace for services, where Amazon has more than 70% of the market. PUNISHES SELLERS FOR LOWER PRICES ELSEWHERE* The complaint alleged Amazon uses a sophisticated network of web crawlers that identify which of its sellers offer their products more cheaply on other platforms. MONITORING PRICES* Amazon used the Project Nessie pricing system as an unfair method of competition.
Persons: Pascal, Nessie, Diane Bartz, Jamie Freed Organizations: REUTERS, Rights, U.S . Federal Trade Commission, Amazon.com, Amazon, Walmart, FTC, Amazon's, Thomson Locations: Lauwin, France, United States
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