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WASHINGTON, July 14 (Reuters) - Microsoft (MSFT.O) urged an appeals court in sometimes scathing language on Friday to reject the U.S. Federal Trade Commission's (FTC) request to pause its $69 billion deal to buy Activision (ATVI.O). The agency asked the 9th Circuit Court of Appeals late on Thursday to require the companies to delay consummating the transaction while the court considered the FTC's broader appeal. Microsoft said on Friday the agency had been slow to file in federal court, and thus it was inappropriate to press for a delay so late in the game. "The district court’s consideration of the FTC's primary claim at trial shows that the court did not misapply the law," Microsoft said. Legal experts have said the agency faced an uphill fight in convincing the appeals court to overturn Corley's ruling.

Persons: Jacqueline Scott Corley, Corley's, Biden, Diane Bartz, David Shepardson, Josie Kao Organizations: Microsoft, U.S . Federal Trade Commission's, Activision, FTC, Sony, PlayStation, Markets Authority, Big Tech, Thomson Locations: San Francisco, Britain

The filing had no details on the appeal, which will go to the Ninth Circuit Court of Appeals on the West Coast. In her 53-page order, Corley said it was not enough for the FTC to argue that "a merger might lessen competition - the FTC must show the merger will probably substantially lessen competition." Legal scholars questioned that standard, saying that the U.S. antitrust law required the FTC to prove the proposed deal "may" harm competition, not that it "will." The deal is Microsoft's biggest ever, and the largest in the videogame industry's history. To address the agency's concerns, Microsoft agreed to license "Call of Duty" to rivals, including a 10-year contract with Nintendo, contingent on the merger closing.

Persons: Jacqueline Scott Corley, Biden, Judge Corley, Corley, Diane Bartz, Muralikumar Anantharaman, Diane Craft Organizations: U.S . Federal Trade Commission, Microsoft, Activision, Ninth Circuit, U.S, FTC, Nintendo, Thomson Locations: West Coast, San Francisco

CompaniesLaw Firms Ripple Labs Inc FollowCoinbase Global Inc FollowJuly 13 (Reuters) - Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring. An SEC spokesperson said the agency was pleased with part of the ruling in which the judge held that Ripple violated federal securities law by selling XRP directly to sophisticated investors. XRP sales on cryptocurrency platforms by Garlinghouse and co-founder and former CEO Chris Larsen, and other distributions including compensation to employees also did not involve securities, Torres ruled. PARTIAL WIN FOR THE SECThe SEC won a partial victory as Torres found the company's $728.9 million of XRP sales to hedge funds and other sophisticated buyers amounted to unregistered sales of securities. Both the Ripple and Coinbase cases focus on registration requirements and whether certain digital assets are securities under U.S. law.

Persons: XRP, Analisa Torres, Brad Garlinghouse, We’ve, Torres, Paul Grewal, Chris Larsen, Garlinghouse, Larsen, Gary DeWaal, Rosenman, Tom Emmer, Jody Godoy, Chris Prentice, Tom Hals, Chizu Nomiyama, Conor Humphries, Leslie Adler, David Gregorio Our Organizations: Labs, Ripple Labs, U.S, District, U.S . Securities, Exchange Commission, SEC, Twitter, Supreme, WIN FOR, Republican, Thomson Locations: U.S, XRP, Katten, New York, Wilmington , Delaware

WASHINGTON, July 13 (Reuters) - A U.S. appeals court on the West Coast opened a docket on Thursday on the U.S. Federal Trade Commission's effort to overturn its loss trying to stop Microsoft (MSFT.O) from buying "Call of Duty" maker Activision (ATVI.O). A federal judge in California had ruled for Microsoft on Tuesday, saying the agency had failed to show the deal was illegal under antitrust law. The FTC said late on Wednesday that it would appeal that loss, and Microsoft has said it would fight that appeal. The docket was opened in the Ninth Circuit Court of Appeals and suggests the text of the FTC's appeal was forthcoming. After July 18, either company will be free to walk away from the deal unless they negotiate an extension.

Persons: Jacqueline Scott Corley, Diane Bartz, David Shepardson, Chizu Organizations: Coast, U.S . Federal Trade, Microsoft, Activision, FTC, Ninth Circuit, Biden, Thomson Locations: California, San Francisco

☆ US Justice Department launches civil rights probe into 'deeply concerning' Atlanta-area jail
▼ + stars: | 2023-07-13 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +1 min

Companies Us Justice Department FollowWASHINGTON, July 13 (Reuters) - The U.S. Justice Department on Thursday launched a civil rights probe into conditions at the Fulton County jail in Atlanta, Georgia that will examine whether the facility is discriminating against incarcerated people with mental illnesses, a top department official said on Thursday. "The Fulton County Sheriff has acknowledged that the main jail is dilapidated and rapidly eroding," Clarke said. "The level of violence in the jails is deeply concerning, and at one point in 2022, the jails averaged more than one stabbing per day." A medical examiner hired by his family earlier this year determined that Thompson died of complications from severe neglect to both his mental and physical health. Reporting by Sarah N. Lynch; Editing by Chizu Nomiyama and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Kristen Clarke, Clarke, Lashawn Thompson, Thompson’s, Thompson, Sarah N, Lynch, Chizu Nomiyama, Aurora Ellis Organizations: Department Follow WASHINGTON, U.S . Justice, Civil Rights, Fulton County Sheriff, Thomson Locations: Fulton, Atlanta , Georgia, Fulton County

WASHINGTON, July 13 (Reuters) - A group on Thursday sued the state of Texas over its ban on public university employees from using Chinese-owned app TikTok on state-owned devices or networks, arguing it is compromising research and teaching. The Knight First Amendment Institute at Columbia University filed suit in U.S. District Court in Austin, Texas on behalf of the Coalition for Independent Technology Research asserting that Texas’s state government TikTok ban "is preventing or seriously impeding faculty from pursuing research that relates to TikTok... It has also made it almost impossible for faculty to use TikTok in their classrooms." Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: David Shepardson Organizations: Columbia University, Coalition for Independent Technology Research, Thomson Locations: Texas, U.S, Austin , Texas

HELSINKI, July 13 (Reuters) - President Joe Biden said on Thursday he expects Republicans to stand up against what he called Senator Tommy Tuberville's "ridiculous" block of top U.S. military appointments over the Pentagon's abortion policy. It was bizarre and irresponsible to inject a domestic social debate into fundamental foreign policy, Biden said in Helsinki after meeting with Nordic country leaders. I expect the Republican Party to stand up, stand up and do something about it," Biden told reporters. "I'm confident that the mainstream Republican Party no longer, does not support what he's doing, but they've got to stand up and be counted. Biden said he would be willing to talk to Tuberville if there were any possibility of changing the senator's "ridiculous position."

Persons: Joe Biden, Tommy Tuberville's, Biden, they've, Lloyd Austin, Austin, Tuberville, Biden's, Charles, CQ, Brown, David Berger, Doina Chiacu, Steve Holland, Patricia Zengerle, Frances Kerry Organizations: Pentagon, Defense Department, Republican Party, CNN, Austin, Armed Forces, Air Force, Joint Chiefs, Staff, Armed Services Committee, Marine Corps, Thomson Locations: HELSINKI, Helsinki, Alabama, Washington

July 13 (Reuters) - A federal jury on Thursday decided that Robert Bowers was eligible for the death penalty for killing 11 worshippers at Pittsburgh's Tree of Life synagogue in 2018, the deadliest antisemitic attack in U.S. history, local media reported. Last month, the jury found Bowers, 50, guilty of dozens of federal hate crimes in the trial at the U.S. District Court in Pittsburgh in western Pennsylvania. Federal prosecutors had charged Bowers with 63 counts, including 11 counts of obstruction of free exercise of religious beliefs resulting in death. In the final phase of the sentencing portion of the trial, both prosecutors and defense attorneys will have the chance to make arguments on whether Bowers deserves the death penalty. In their arguments in support of making Bowers eligible for the death penalty, prosecutors said that he had the necessary intent and premeditation to qualify for the sentence.

Persons: Robert Bowers, Bowers, Jonathan Allen, Brendan O'Brien, Tim Ahmann, Bill Berkrot Organizations: U.S, Court, KDKA, CBS, Thomson Locations: Pittsburgh, Pennsylvania, New York, Chicago

SummaryLaw Firms FTX founder allegedly misappropriated customer funds for European acquisitionFTX failed to find a buyer for the company in bankruptcy saleNEW YORK, July 13 (Reuters) - Bankrupt crypto exchange FTX sued insiders at FTX Europe AG late Wednesday, seeking to recover $323 million that FTX had invested in an ill-fated expansion into European crypto markets. After FTX filed for bankruptcy in November, it sought to sell FTX Europe, only to conclude that no buyer would offer meaningful value for the company, according to FTX. FTX acquired Digital Assets for nearly $400 million in three transactions in 2020 and 2021, hoping to obtain regulatory approvals and expand into European markets. FTX filed for bankruptcy protection in November, saying it was unable to completely repay customers who had deposited funds on its exchange. Prosecutors have charged Bankman-Fried, 31, with stealing billions of dollars in FTX customer funds to cover losses at its affiliated hedge fund Alameda Research.

Persons: FTX, Sam Bankman, Patrick Gruhn, Robin Matzke, Brandon Williams, Cosima Capital, Williams, Fried, Gruhn, Steven Holley, Stephen Ehrenberg, Brian Glueckstein, Christopher Dunne of Sullivan, Cromwell, Read, Clinton, Dietrich Knauth Organizations: FTX, AG, DA AG, Assets, Matzke, Gruhn, Prosecutors, Alameda Research, Trading, Bankruptcy, District of, Cromwell LLP, Thomson Locations: Zurich, Switzerland, Europe, Delaware, Matzke, Oregon, Alameda, U.S, District of Delaware

[1/2] Former U.S. President Donald Trump's White House chief strategist Steve Bannon attends his arraignment at the New York Criminal Courthouse in New York, U.S., September 8, 2022. Steven Hirsch/Pool via REUTERS/File PhotoJuly 12 (Reuters) - Steve Bannon and Michael Flynn, two allies of former U.S. President Donald Trump, must answer questions under oath in voting technology company Smartmatic's defamation lawsuit against right-wing media outlet Newsmax, court records showed on Wednesday. Florida-based Smartmatic served subpoenas on Bannon, who served as a White House strategist under Trump, and Flynn, who briefly served as national security adviser, on Wednesday, according to documents filed in Delaware state court. Bannon and Flynn representatives did not immediately respond to requests for comment, nor did Smartmatic and Newsmax. Bannon, an influential figure on the American right, worked on Trump's 2016 campaign and later in the White House.

Persons: Donald Trump's, Steve Bannon, Steven Hirsch, Michael Flynn, Donald Trump, Smartmatic, Bannon, Flynn, Joe Biden, Trump, Mike Pence, Jack Queen, Will Dunham Organizations: U.S, House, New, Criminal, Trump, Democratic, Fox, Fox News, Fox Corp, Dominion Voting Systems, Capitol, U.S ., Army, White House, FBI, Thomson Locations: New York, U.S, . Florida, Delaware, Russian, United States

☆ US charges second Frank college aid executive with defrauding JPMorgan
▼ + stars: | 2023-07-12 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +1 min

Companies JPMorgan Chase & Co FollowNEW YORK, July 12 (Reuters) - U.S. prosecutors on Wednesday unveiled an indictment charging Olivier Amar, who helped run college financial aid startup Frank, with defrauding JPMorgan Chase (JPM.N) into buying their company for $175 million. Amar, who was Frank's chief growth officer, was charged with wire fraud, bank fraud, securities fraud and conspiracy, becoming the second company official indicted in the case. Lawyers for Amar, whose whereabouts were not immediately known, did not immediately respond to a request for comment. A spokesman for the U.S. Attorney's office in Manhattan also did not immediately respond to a request for comment. The bank shut down Frank in January, and Chief Executive Jamie Dimon branded the acquisition a "huge mistake."

Persons: Olivier Amar, Amar, Frank, Charlie Javice, Javice, Jamie Dimon, counterclaims, Luc Cohen, Bill Berkrot Organizations: JPMorgan Chase, U.S, JPMorgan, Thomson Locations: Manhattan, U.S, Amar, Delaware, New York

(Reuters) - Two Georgia election workers suing Rudy Giuliani for defamation asked a U.S. judge on Tuesday to decide the lawsuit in their favor, arguing that the former New York mayor and personal lawyer for Donald Trump forfeited the case by allegedly failing to preserve important evidence. Lawyers for the pair asked a Washington, D.C. federal judge to levy “severe” sanctions against Giuliani, including a default judgment finding Giuliani liable for defamation. Attorneys for Giuliani and the election workers did not immediately return requests for comment. Ted Goodman, a political adviser to Giuliani, said the evidence requests were “deliberately overly burdensome” and sought information aimed at embarrassing and intimidating Giuliani. Lawyers for the election workers said in a court filing that those efforts collapsed after Giuliani did not agree.

Persons: Rudy Giuliani, Donald Trump, Moss, Ruby Freeman, Giuliani, Ted Goodman, Freeman, Beryl Howell, Andrew Goudsward Organizations: Reuters, New, U.S, District, Moss, Thomson Locations: Georgia, New York, Washington

But Twitter only gave laid-off workers at most one month of severance pay, and many of them did not receive anything, McMillian claims. Twitter laid off more than half of its workforce as a cost-cutting measure after Musk acquired the company in October. The lawsuit accuses Twitter and Musk of violating a federal law regulating employee benefit plans. Twitter has already been sued for allegedly failing to pay severance, but those cases involve breach of contract claims and not the benefits law. A pending lawsuit filed last month accuses Twitter of also failing to pay millions of dollars in bonuses it owes to remaining employees.

Persons: Dado Ruvic, Elon Musk, Courtney McMillian, McMillian, Musk, Daniel Wiessner, Alexia Garamfalvi, Bill Berkrot Organizations: Elon, Twitter, REUTERS, Thomson Locations: San Francisco federal, Albany , New York

[1/2] A general view of the Iowa state capitol in Des Moines, Iowa, U.S. February 3, 2020. Governor Kim Reynolds, a Republican, ordered the special legislative session after the Iowa Supreme Court on June 16 blocked a similar measure passed in 2018 from going into effect. The Midwestern state's highest court deadlocked in a 3-3 decision, leaving abortion legal in Iowa for up to 20 weeks of pregnancy. Fourteen states have banned most abortions since the U.S. Supreme Court in June 2022 overturned the landmark 1973 Roe v. Wade case and stripped away a nationwide right to abortion. The Iowa Faith and Freedom Coalition advocacy group has also asked its members to contact their lawmakers to support the bill.

Persons: Jonathan Ernst, Kim Reynolds, Roe, Wade, Sharon Bernstein, Colleen Jenkins, Jonathan Oatis Organizations: REUTERS, Republican, Midwestern, Supreme, Iowa, Freedom Coalition, Thomson Locations: Iowa, Des Moines , Iowa, U.S

July 11 (Reuters) - A U.S. judge on Tuesday dismissed a lawsuit in which the founder of WallStreetBets, which helped ignite investors' fascination with "meme" stocks, accused Reddit of wrongly banning him from moderating the community and usurping his trademark rights. Rogozinski had applied to trademark "WallStreetBets" in March 2020, when the community reached 1 million subscribers. Meme stocks gain popularity through discussions, often among inexperienced investors, in online forums including Twitter. Prominent meme stocks have included AMC Entertainment Holdings (AMC.N), GameStop (GME.N), Koss (KOSS.O) and the now-bankrupt Bed Bath & Beyond (BBBYQ.PK). The case is Rogozinski v Reddit Inc, U.S. District Court, Northern District of California, No.

Persons: Reddit, Jaime Rogozinski, Rogozinski, Maxine Chesney, Rogozinski's, Chesney, today's, James Lawrence, subreddit, Jonathan Stempel, David Gregorio Our Organizations: WallStreetBets, Twitter, AMC Entertainment Holdings, GameStop, Reddit Inc, Court, Northern District of, Thomson Locations: U.S, San Francisco, Northern District, Northern District of California, New York

[1/2] E. Jean Carroll reacts as she exits the Manhattan Federal Court following the verdict in the civil rape accusation case against former U.S. President Donald Trump, in New York City, U.S., May 9, 2023. Lawyers for Carroll, 79, also accused Trump of springing his counterclaim too late, to "hold up yet again this otherwise trial-ready, much-delayed case." Trump has appealed the $5 million verdict. A Jan. 15, 2024 trial is scheduled before U.S. District Judge Lewis Kaplan, who handled the earlier trial. The case is Carroll v Trump, U.S. District Court, Southern District of New York, No.

Persons: Jean Carroll, Donald Trump, Brendan McDermid, Trump's, Roberta Kaplan, Carroll, Trump, Carroll's, District Judge Lewis Kaplan, Jonathan Stempel, Howard Goller Organizations: U.S, REUTERS, Elle, CNN, District, Carroll, Trump, Court, Southern District of, Thomson Locations: Manhattan, New York City, U.S, Southern District, Southern District of New York, New York

☆ U.S. prosecutors probe ex-FTX executive Salame for campaign finance violations, Wall Street Journal reports
▼ + stars: | 2023-07-11 | by ( Shearman Real Estate Finance Partner Is Latest Exit As Merger Looms | Sara Merken | July | ) www.reuters.com time to read: +1 min

NEW YORK, July 11 (Reuters) - Former FTX cryptocurrency exchange executive Ryan Salame is under investigation by federal prosecutors for possible violations of campaign finance law, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Prosecutors are looking at money Salame gave his girlfriend, Michelle Bond, who ran unsuccessfully last year for the Republican nomination for a congressional seat in New York, as well as loans Bond made to her campaign, the Journal reported. A spokesman for the U.S. Attorney's office in Manhattan declined to comment. Neither Salame nor Bond has been accused of wrongdoing. Reporting by Luc Cohen in New York; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Ryan Salame, Salame, Michelle Bond, Bond, Sam Bankman, Luc Cohen, Chizu Organizations: YORK, Wall Street, Prosecutors, Republican, U.S, Thomson Locations: New York, Manhattan

The Justice Department in a filing sought a stay pending its appeal of the judge's preliminary injunction. Doughty's order specifically mentioned certain officials including Department of Homeland Security Secretary Alejandro Mayorkas and Jen Easterly, who heads the Cybersecurity and Infrastructure Security Agency. U.S. officials have said that in contacting social media companies they were aiming to tamp down misinformation about American elections and about COVID vaccines to curb preventable deaths. It raises grave separation-of-powers concerns," the Justice Department filing said, referring to the Constitution's division of powers among the executive, legislative and judicial branches of the U.S. government. The judge's order made some exceptions for communications between government officials and the companies, including to warn about risks to national security and about criminal activity.

Persons: Dado Ruvic, Joe Biden's, Terry Doughty, Doughty, Donald Trump, Alejandro Mayorkas, Kanishka Singh, Will Dunham, Mike Scarcella Organizations: Twitter, YouTube, REUTERS, WASHINGTON, U.S . Justice, Republican, New, Circuit, District, Department of Health, Human Services, U.S, Department, Department of Homeland, Infrastructure Security Agency . U.S, ., Thomson Locations: New Orleans, Louisiana, Missouri, Washington

WASHINGTON, July 10 (Reuters) - A judge on Monday ordered Kansas to stop allowing transgender people to change the gender listed on their driver's licenses after a lawsuit filed by the state's Republican attorney general. Shawnee County District Court Judge Teresa Watson issued the temporary restraining order on Monday. Some states have banned teachers of younger children from discussing gender or sexuality, while conservative lawmakers have also proposed or passed laws restricting drag performances. In June, President Joe Biden warned of "ugly" attacks from "hysterical" people who he said were targeting LGBTQ+ Americans, especially transgender youth. Reporting by Kanishka Singh in Washington, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Laura Kelly, Kris Kobach, Teresa Watson, Kobach, Joe Biden, Kanishka Singh, Deepa Babington Organizations: Republican, Democratic, Kansas Department of Revenue, Defamation League, Thomson Locations: Kansas, Shawnee County, U.S, Washington

☆ Hunter Biden prosecutor says Justice Dept didn't interfere in probe
▼ + stars: | 2023-07-10 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +3 min

"I have not requested Special Counsel designation," wrote Weiss, who was appointed by Republican former President Donald Trump. Weiss' office last month revealed that it was charging Hunter Biden with two misdemeanor tax charges, to which the president's son is expected to plead guilty later this month. Hunter Biden also has agreed to enter into a pretrial diversion program to avoid facing a more serious felony count of possessing a firearm while he was using illegal drugs. Their criticism has been fueled in part by claims from Gary Shapley, an IRS criminal supervisory agent who worked on the Hunter Biden investigation. Hunter Biden's attorney has also denied that his client received any special treatment.

Persons: Joe Biden's, Hunter, David Weiss, Lindsey Graham, General Merrick Garland, Hunter Biden, Weiss, Donald Trump, Gary Shapley, Shapley, Trump, Garland, Sarah N, Lynch, Scott Malone, Peter Graff Organizations: U.S, Justice Department, Internal Revenue Service, Delaware U.S, Republican, Attorney, D.C, Thomson Locations: Delaware, Washington, California

July 9 (Reuters) - Comedian Sarah Silverman and two authors have filed copyright infringement lawsuits against Meta Platforms (META.O) and OpenAI for allegedly using their content without permission to train artificial intelligence language models. The proposed class action lawsuits filed by Silverman, Richard Kadrey and Christopher Golden in San Francisco federal court Friday allege Facebook parent company Meta and ChatGPT maker OpenAI used copyrighted material to train chat bots. Meta and OpenAI, a private company backed by Microsoft Corp (MSFT.O), did not immediately respond to requests for comment on Sunday. Silverman, Kadrey and Golden allege Meta and OpenAI used their books without authorization to develop their so-called large language models, which their makers pitch as powerful tools for automating tasks by replicating human conversation. The lawsuit against OpenAI alleges that summaries of the plaintiffs’ work generated by ChatGPT indicate the bot was trained on their copyrighted content.

Persons: Sarah Silverman, Silverman, Richard Kadrey, Christopher Golden, OpenAI, Kadrey, Jack Queen, Lincoln Organizations: Meta, Facebook, Microsoft Corp, Thomson Locations: San Francisco federal

WASHINGTON, July 8 (Reuters) - A Tennessee law prohibiting doctors from providing medical care such as puberty-blockers and gender affirming surgery for transgender minors can go into effect immediately, a U.S. appeals court ruled Saturday. Tennessee's law is part of a growing series of efforts by Republican lawmakers to impose new restrictions on medical care for transgender youths. The appeals court's decision Saturday said that absent a clear showing that Tennessee's law violated the Constitution, choices about medical care and protecting minors are best settled by state legislatures. Judge Helen White said she believed Tennessee's law "is likely unconstitutional" as a type of sex discrimination. Sutton wrote that the appeals court will try to reach a final decision about Tennessee's law by Sept. 30.

Persons: construing, Jeffrey Sutton, Lawmakers, Helen White, Sutton, Brad Heath, Daniel Wallis Organizations: U.S, Appeals, Sixth Circuit, . Constitution, Republican, Thomson Locations: Tennessee, U.S, .

The complaint by Musk's X Corp, which owns Twitter, was filed on Wednesday in the California Superior Court in San Francisco. Musk accused Wachtell of exploiting Twitter by accepting, in the final days before the Oct. 27, 2022, buyout closed, huge "success" fees doled out by departing Twitter executives who were grateful that Musk would be forced to close. "Wachtell arranged to effectively line its pockets with funds from the company cash register while the keys were being handed over" to Musk, the complaint said. Musk wants to recoup "excess" fees that Wachtell charged under an agreement signed on the day of closing by one of its partners and Twitter's chief legal officer Vijaya Gadde. The case is X Corp v Wachtell, Lipton, Rosen & Katz, California Superior Court, County of San Francisco, No.

Persons: Elon Musk, Wachtell, Lipton, Katz, Musk, Vijaya Gadde, Martha Lane Fox, Sean Edgett, Mark Zuckerberg's, Carl Icahn, Icahn, Jonathan Stempel, Marguerita Choy Organizations: Rosen, Twitter, Musk's X Corp, California Superior Court, Tesla Inc, SpaceX, Fox, CVR Energy, X Corp, Thomson Locations: California, San Francisco, Delaware, Katz , California, Court, County, New York

July 7 (Reuters) - A U.S. court of appeals on Friday rejected Venezuela's bid to prevent six companies from joining a proposed court auction of shares in a Citgo Petroleum parent to enforce judgments for past expropriation of assets. The decision allows the six to move ahead with their about $3 billion in combined claims against Venezuela state oil firm PDVSA in a Delaware federal court. That court is in the initial steps of preparing an auction as soon as September. It also declined to consider PDVSA's request to bar the attachments from the district court case. Reporting by Gary McWilliams; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Venezuela's, Crystallex, Gary McWilliams, Daniel Wallis Organizations: Petroleum, Huntington Ingalls Industries, ACL1 Investments, Koch Minerals, Rusoro Mining, PDV, Thomson Locations: Venezuela, Delaware

July 7 (Reuters) - Cryptocurrency firm Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued Digital Currency Group (DCG) and its CEO on Friday after a dispute over a restructuring deal for the venture capital firm's troubled unit. DCG and Gemini, the two most prominent players in the crypto industry, have clashed several times over the past few months following the collapse of Genesis, which had filed for bankruptcy in January. Gemini has accused DCG and CEO Barry Silbert of "fraud" and "deception." The dispute came to a head earlier this week after Gemini set a deadline to come to terms on a restructuring agreement by Thursday afternoon, failing which it would pursue litigation. Reporting by Niket Nishant in Bengaluru; Editing by Maju Samuel and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Gemini, DCG, Barry Silbert, Genesis, Niket, Maju Samuel, Shinjini Organizations: Digital Currency Group, Thomson Locations: Bengaluru

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