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☆ Federal judge dismisses crypto scam lawsuit against Kim Kardashian, Floyd Mayweather Jr.
▼ + stars: | 2022-12-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

A federal judge on Wednesday dismissed a proposed class action lawsuit by investors against the founders of the cryptocurrency EthereumMax, as well as celebrity endorsers including Kim Kardashian and boxer Floyd Mayweather Jr. over their promotion of the cryptocurrency on social media. Investors who bought EMAX tokens alleged they had suffered losses after taking the word of the celebrity influencers about the value of the crypto. The suit claims the defendants engaged in a conspiracy to artificially inflate the value of the EMAX tokens. "We're pleased with the court's well-reasoned decision on the case," Michael Rhodes, a lawyer for Kardashian, told CNBC. Fitzgerald in his ruling Wednesday said the EthereumMax lawsuit reflects a broader conflict surrounding celebrity and influencer promotional schemes.

☆ Guns N’ Roses Sues Texas-Based Gun Shop Over Name
▼ + stars: | 2022-12-06 | by ( Jennifer Calfas | ) www.wsj.com time to read: 1 min

Guns N’ Roses, ‘quite reasonably, does not want to be associated with Defendant, a firearms and weapons retailer,’ lawyers for the band said. Guns N’ Roses is suing a Texas gun shop for using the rock band’s name without its permission, alleging the perceived association could damage its reputation. The lawsuit, filed in the U.S. District Court for the Central District of California last week, alleges Texas Guns and Roses, a gun retailer owned by Jersey Village Florist, violated trademark laws for using a name that could be confused or associated with the band.

☆ Trump foe Michael Avenatti sentenced to 14 years in prison for stealing millions from clients
▼ + stars: | 2022-12-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Lawyer Michael Avenatti speaks to the media after he walks out of federal court in New York, New York, U.S., March 25, 2019. The judge also ordered Avenatti to pay more than $10.8 million in restitution to four clients and to the Internal Revenue Service. Michael Avenatti, the brash lawyer who gained notoriety for legal actions involving former President Donald Trump , was sentenced Monday in California to 14 years in prison for stealing about $7.6 million from clients, as well as for tax fraud. For months in 2018, Avenatti was a ubiquitous presence on television news shows, where he delighted in verbally skewering the president and Trump's former personal attorney Michael Cohen. "He stole millions of dollars from his clients – all to finance his extravagant lifestyle that included a private jet and race cars," the top prosecutor said.

LOS ANGELES — Former Los Angeles Dodgers player Yasiel Puig will plead guilty to lying to federal investigators who were probing an illegal sports gambling operation, prosecutors in Southern California said Monday. Puig, 31, will plead guilty to one count of making false statements, the U.S. Attorney’s Office for the Central District of California said in a statement. Puig will also pay a fine of at least $55,000, the prosecutors’ office said. Puig was charged and a plea agreement was filed Aug. 29, but the case was unsealed Monday, according to court records. Neither the statement from federal prosecutors’ office nor court documents say that Puig gambled on baseball.

Ramon Abbas, known to his millions of Instagram followers as Ray Hushpuppi, pleaded guilty in April last year to conspiracy to engage in money laundering. On social media, where Abbas had posted videos of himself tossing wads of cash like confetti, he referred to himself as a real estate developer. His social media account was a treasure trove of information for investigatorsFederal investigators have described Abbas as a prolific money launderer who leveraged his social media platform to gain notoriety and brag about his wealth. In a 2020 affidavit, federal officials detailed how his social media accounts provided details needed to confirm his identity. Even Abbas’ Instagram birthday party photos helped the investigation.

☆ South Korea stampede death toll rises to 120, fire authorities say
▼ + stars: | 2022-10-29 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Oct 30 (Reuters) - The number of deaths reported from a stampede in a central district of the South Korean capital Seoul has risen to 120, a fire official said. The incident took place at about 10:20 p.m. (1320 GMT) as a large number of people fell down in a narrow alley during the Halloween events. Reporting by Soo-hyang Choi; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

☆ Two dead, 22 others suffer cardiac arrest in stampede in South Korea
▼ + stars: | 2022-10-29 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +1 min

SEOUL, Oct 30 (Reuters) - At least two people died from cardiac arrest and dozens of others were injured after a huge crowd poured into a central district of the South Korean capital for Halloween festivities late on Saturday, a fire official said. As of early Sunday, two were reported dead among 24 who had been transferred to nearby hospitals after suffering cardiac arrest in the incident in the Itaewon district strict, Moon Hyun-joo, an official at the National Fire Agency said. Yonhap news agency said at least 100 were estimated to have been injured due to the stampede. Authorities were investigating the exact cause of the incident, the agency said. Reporting by Soo-hyang Choi and Choonsik Yoo, Editing by Angus MacSwan and Clelia OzielOur Standards: The Thomson Reuters Trust Principles.

☆ McDonald’s ordered to face Byron Allen’s $10 billion discrimination lawsuit
▼ + stars: | 2022-09-21 | by ( ) www.nbcnews.com time to read: +2 min

McDonald’s Corp (MCD.N) has been ordered by a U.S. judge to defend against media entrepreneur Byron Allen’s $10 billion lawsuit accusing the fast-food chain of “racial stereotyping” by not advertising with Black-owned media. While not ruling on the merits, Olguin cited allegations that Entertainment Studios had since its 2009 founding tried repeatedly and unsuccessfully to obtain a contract from McDonald’s, whose “racist” corporate culture harmed Allen. In May 2021, McDonald’s pledged to boost national ad spending with Black-owned media to 5% from 2% by 2024. Olguin dismissed an earlier version of Allen’s lawsuit last November, finding no proof of intentional and purposeful discrimination against his companies. The case is Entertainment Studios Networks Inc et al v McDonald’s Corp, U.S. District Court, Central District of California, No.

The logo for McDonald's restaurant is seen as McDonald's Corp. reports fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts/File PhotoRegister now for FREE unlimited access to Reuters.com RegisterCompanies McDonald's Corp FollowSept 20 (Reuters) - McDonald's Corp (MCD.N) has been ordered by a U.S. judge to defend against media entrepreneur Byron Allen's $10 billion lawsuit accusing the fast-food chain of "racial stereotyping" by not advertising with Black-owned media. Olguin dismissed an earlier version of Allen's lawsuit last November, finding no proof of intentional and purposeful discrimination against his companies. read moreThe case is Entertainment Studios Networks Inc et al v McDonald's Corp, U.S. District Court, Central District of California, No. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jonathan Stempel and Hilary Russ in New York; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

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