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Search resuls for: "State Of The Courts Report"


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Companies Ripple Labs Inc FollowMarch 3 (Reuters) - Ripple Labs Inc said in court papers Friday that a recent U.S. Supreme Court decision supports one of its key defenses in the U.S. Securities and Exchange Commission's case over the cryptocurrency XRP. The SEC has asked Torres to decide that Ripple had fair notice that XRP was a security under U.S. law. Ripple and the executives have said the question of whether or not the law was vague should go to trial. A ruling in the case could further define what digital assets are considered securities in the U.S. The case is SEC v. Ripple Labs Inc, U.S. District Court, Southern District of New York, No.
Circuit Court of Appeals said an advocacy group, FlyersRights.org, had no right to force the FAA to adopt seating rules because it was not "clear and indisputable" that tight seating, while uncomfortable, was also dangerous. Congress had in 2018 given the FAA one year to establish minimum seating dimensions including pitch, the distance between seatbacks, that were "necessary" for passenger safety. "To be sure, many airline seats are uncomfortably small. "But it is not 'clear and indisputable' that airline seats have become dangerously small. Circuit Court of Appeals, No.
NEW YORK, March 3 (Reuters) - Donald Trump is seeking a six-month delay in the New York attorney general's fraud case against him and his company, which if granted would likely push back any trial until deep into the 2024 presidential campaign. "The complaint seeks to deprive defendants of their constitutionally protected right and ability to transact business," Trump said. Trump's request was joined by the other defendants, including three of his adult children Donald Jr, Eric and Ivanka. Trump, a Republican, has called James' case a partisan witch hunt. Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
March 3 (Reuters) - Republican-backed bills introduced in legislatures in several U.S. states target the use of a planned merchant code for credit card transactions at gun retailers that is intended to detect suspicious firearms and ammunition sales. read moreMajor credit and debit card companies have committed to using the "merchant category code" for gun sellers, a development welcomed by gun control advocates who call it an important new tool for investigating suspicious purchases. FLORIDAA bill introduced in Florida is meant to prohibit banks and other companies in the payment-settlement process from assigning the code "separately from general merchandise or sporting goods retailers." The bill passed the state House of Representatives on Feb. 9 and is under consideration in the state Senate. West Virginia's bill was passed by the state House of Delegates on Feb. 3 and awaits further action in the state Senate.
On Thursday a South Carolina jury declared Murdaugh, 54, guilty on two counts of gunning down his wife Maggie, 52, and youngest son, Paul, 22 on their family estate on June 7, 2021. Murdaugh, the scion of an influential legal family in an area west of Charleston, faces 30 years to life in prison for each of the two counts of murder under South Carolina law. After listening to testimony over five weeks, the jury took only three hours to deliberate before reaching their verdict. The case has drawn intense media coverage given the family's immense political power in and around Colleton County, where the trial took place. Throughout the trial, prosecutors portrayed Murdaugh as a serial liar and argued that only he had the means and the opportunity to commit the murders.
Companies Exxon Mobil Corp FollowMarch 2 (Reuters) - Exxon Mobil Corp (XOM.N) was sued for racial discrimination by a U.S. federal agency on Thursday, with charges alleging that the oil major failed to protect workers from harassment after nooses were found at one of its facilities in 2020. The EEOC said that at the time of this report, Exxon was already aware of three other such instances of nooses being displayed at the complex and a nearby refinery, and that a fifth noose was reported later in 2020. According to the EEOC, Exxon investigated some of these incidents, but not all, and "failed to take measures reasonably calculated to end the harassment." The federal agency alleged that Exxon's actions and omissions regarding the noose incidents "created a racially hostile work environment." The symbols of hate are unacceptable, offensive, and in violation of our corporate policies", Exxon said in a statement.
The SEC, which has objected to the sale, is currently investigating whether Voyager's crypto lending business involved the sale of unregistered securities. When pressed by Wiles as to whether the SEC believed that the Voyager sale violated U.S. securities laws, SEC attorney William Uptegrove did not have a definite answer. The Binance transaction includes a $20 million cash payment and an agreement to transfer Voyager's customers to Binance.US's crypto exchange. The crypto assets deposited by Voyager customers account for the bulk of the deal's valuation, according court documents. CFIUS did not formally object to the Binance sale, but it warned that its ongoing review of national security concerns could end up blocking the deal.
Companies Google Inc FollowAlphabet Inc FollowMarch 2 (Reuters) - Consumers suing Alphabet Inc's (GOOGL.O) Google LLC over its data collection practices have lost their early appeal to pursue money damages as a class action seeking billions of dollars. Plaintiffs sued Google in 2020, claiming that Google continued to collect data from users despite their use of private-browsing in Chrome's "Incognito" mode. Circuit Court of Appeals in San Francisco on Wednesday rejected the plaintiffs' bid to appeal a lower court decision last year that denied class action status for money damages claims against Google. The damages class would include at least "tens of millions" of Google browser users, court filings indicate. Google has denied that it deceived anyone over private-browsing, saying its Chrome browser users consented to the company's data collection.
March 2 (Reuters) - Lawyers for disbarred South Carolina attorney Richard "Alex" Murdaugh will deliver closing arguments on Thursday, their last chance to convince the jury that their client was not involved in the grisly murders of his wife and youngest son. For decades until 2006, family members served as the leading prosecutor in the area, and Murdaugh was a prominent personal injury attorney in the state. Murdaugh changed his account after the jury listened to audio evidence placing him at the scene of the crime minutes before it occurred. Murdaugh said he initially lied to investigators because of paranoia tied to his drug habit and mistrust of the police. Reporting by Nathan Layne in Wilton, Connecticut; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Rights holders accused Bristol Myers of failing to submit critical information to the FDA and ready plants or inspection, in a bid to delay the approvals and avoid the $6.4 billion payout, while publicly pledging to use "diligent" efforts to meet the Dec. 2020 and March 2021 deadlines. He said there was no evidence that Bristol Myers executives sought to benefit financially from delays, and that even alleged corporate "mismanagement" did not amount to fraud. Bristol Myers and its lawyers did not immediately respond to similar requests. Bristol Myers still faces a separate lawsuit raising similar claims in Manhattan federal court by a trustee representing former Celgene shareholders, and a third lawsuit raising similar claims in a New York state court in Manhattan. The case is In re Bristol-Myers Squibb Co CVR Securities Litigation, U.S. District Court, Southern District of New York, No.
In a statement, U.S. Assistant Attorney General Kenneth Polite called the charges a "groundbreaking" effort to prevent the misuse of so-called 10b5-1 trading plans. The U.S. Securities and Exchange Commission also announced civil insider trading charges against Peizer in a parallel action. Executives can use trading plans under rule 10b5-1 as a defense against insider trading charges by planning to sell shares in advance at predetermined times. In a recent case, the SEC in September charged Cheetah Mobile Inc's (0C9y.F) CEO and its former president with insider trading in connection with a trading plan. The SEC in December voted to make changes to the insider trading programs to address concerns over abuse.
U.S. District Judge Valerie Caproni ruled that the NFL, the Denver Broncos, New York Giants and Houston Texans must face Flores' claims of systematic discrimination against Black coaches in the league. Caproni sent Flores' retaliation claim against the Dolphins to private arbitration, along with claims by two other coaches who joined Flores in the suit. Lawyers for the NFL and representatives of the other teams did not immediately respond to requests for comment. The NFL has denied claims of racial discrimination and said it is committed to diversity and equitable employment practices. The league has argued the case should be dismissed because the claims lacked merit, or be sent to arbitration pursuant to the coaches' employment contracts.
[1/2] New York Police Department (NYPD) officers are pictured as protesters rally against the death in Minneapolis police custody of George Floyd, in Times Square in the Manhattan borough of New York City, U.S., June 1, 2020. FollowNEW YORK, March 1 (Reuters) - New York City has agreed to pay millions of dollars to demonstrators who sued the police department, saying they had been mistreated during a June 2020 racial justice protest that followed the killing of George Floyd. In a statement, the New York City Police Department said the demonstration occurred at a "challenging moment" when officers -already dealing with the strains of the COVID-19 pandemic - attempted to balance the right of people to protest with safety concerns. The total payments could amount to around $7 million, not including attorneys' fees, but a precise accounting was not yet available. Some of the protesters pursued individual claims and reached separate settlements, making them ineligible for additional payments, according to court filings.
March 1 (Reuters) - Closing arguments are set to start on Wednesday in the trial of Richard "Alex" Murdaugh, the now-disbarred South Carolina lawyer charged with gunning down his wife and son in a complex and grisly case that has garnered international attention. Newman said he expected the jury would be back in court for closing arguments around 11 a.m. Murdaugh, who has said he had nothing to do with the murders, faces 30 years to life in prison if he is found guilty. In addition to the murders, Murdaugh has been charged with dozens of financial crimes, including an alleged scheme to have himself killed so that his older son, Buster, could collect a $10 million insurance payout. During the trial, Murdaugh admitted to stealing from clients and his law firm.
Questions posed by the conservative justices during arguments on Tuesday over Biden's debt relief indicated that the conservative-majority court could strike down the plan as an unlawful overreach of executive power. "If Congress can't or won't step up, and the court won't let presidents do so, what are we left with? Its conservative justices already have invoked it to scuttle a pandemic-era residential eviction moratorium, a COVID-19 vaccination-or-testing mandate for large businesses and federal limits on carbon emissions from power plants. In some instances, like Biden's unilateral effort to extend the eviction moratorium, he took executive action following congressional inaction. "I'm concerned that we're going to have a problem in terms of the federal government's ability to operate," Jackson said.
REUTERS/Lucy NicholsonFeb 28 (Reuters) - Los Angeles County will pay the wife of late basketball star Kobe Bryant nearly $29 million to settle a lawsuit over allegations that sheriff officers and firefighters shared gruesome photos of the helicopter crash that killed Bryant and his 13-year-old daughter. "Today marks the successful culmination of Mrs. Bryant's courageous battle to hold accountable those who engaged in this grotesque conduct," said Luis Li, attorney for Vanessa Bryant, Kobe Bryant's wife. Kobe Bryant, his daughter Gianna and seven other people died in the crash in Calabasas, Calif., on Jan. 26, 2020. Kobe Bryant was 41 when he died. The Los Angeles Lakers great and 18-time All-Star won five NBA championships and was elected to the Hall of Fame in 2020.
NEW YORK, Feb 28 (Reuters) - Ghislaine Maxwell asked a U.S. appeals court to throw out her conviction for helping the financier Jeffrey Epstein sexually abuse teenage girls, saying she was immune from prosecution and citing a slew of errors that allegedly tainted her trial. Circuit Court of Appeals in Manhattan, Maxwell said that if her conviction and the underlying indictment were not thrown out, she deserved a new trial or a resentencing. Maxwell, 61, is serving a 20-year prison sentence after a Manhattan jury convicted her in December 2021 on five charges for recruiting and grooming four girls for abuse by Epstein between 1994 and 2004. Epstein died in 2019. Reporting by Jonathan Stempel in New York; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.
[1/3] Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Lawyers for the U.S. Virgin Islands did not immediately respond to requests for comment. The U.S. Virgin Islands is seeking damages from JPMorgan for missing red flags about Epstein's misconduct on Little St. James, a private island he owned there. Dimon and Staley, who later served as Barclays Plc's (BARC.L) chief executive, are not defendants in either lawsuit. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.
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