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The Utah suit is the latest action challenging the popular app in the United States, with Indiana and Arkansas bringing similar suits. Last month, a federal judge blocked California from enforcing a law meant to protect children when they use the Internet. Utah is seeking civil penalties as well as an injunction prohibiting TikTok from violating state law that protects consumers from deceptive business practices. Congress has been considering legislation for months that would enable the Biden administration to restrict or ban TikTok over concerns of potential spying. TikTok has said it has spent more than $1.5 billion on rigorous data security efforts and rejects spying allegations.

Persons: Shou Zi Chew, Online Harms, Sean Reyes, Reyes, TikTok, Biden, David Shepardson, Rod Nickel Organizations: Energy, Commerce, Safeguard, Online, Capitol, Facebook, Republican, Thomson Locations: Washington , U.S, Utah, United States, Indiana, Arkansas, California, Montana's

The Utah suit is the latest action challenging the popular app in the United States and comes as Congress has been considering legislation for months that would enable the Biden administration to restrict or ban TikTok over concerns of potential spying. ByteDance-owned TikTok, which has more than 150 million U.S. users, denies it improperly uses U.S. data and did not immediately comment. Utah is seeking civil penalties as well as an injunction prohibiting TikTok from violating state law that protects consumers from deceptive business practices. The Utah lawsuit is similar to an action brought against TikTok by Indiana in December. Montana's legislature approved legislation to ban TikTok citing spying concerns.

Persons: Shou Zi Chew, Online Harms, Biden, Sean Reyes, Utah's, TikTok, David Shepardson, Rod Nickel Organizations: Energy, Commerce, Safeguard, Online, Capitol, TikTok, Facebook, Republican, Thomson Locations: Washington , U.S, Utah, United States, Indiana, Arkansas, Montana's

☆ Sam Bankman-Fried's ex-girlfriend set to take stand as fraud trial's star witness
▼ + stars: | 2023-10-10 | 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: +4 min

REUTERS/Eduardo Munoz//File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW YORK, Oct 10 (Reuters) - Sam Bankman-Fried's fraud trial is set to resume on Tuesday with testimony from his former colleagues at the now-bankrupt FTX cryptocurrency exchange, including his onetime girlfriend Caroline Ellison. Prosecutors said last week they planned to call Ellison, the former co-chief executive officer of Bankman-Fried's Alameda Research hedge fund, to take the stand once Wang finishes his testimony. U.S. District Judge Lewis Kaplan said that likely amounted to witness-tampering, and on Aug. 11 revoked Bankman-Fried's bail. A third former member of Bankman-Fried's inner circle, ex-FTX engineering chief Nishad Singh, is also expected to testify at trial. Reporting by Luc Cohen and Jody Godoy in New York; Editing by Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Gary Wang, Prosecutors, Ellison, Wang, Ellison's, Fried, District Judge Lewis Kaplan, Nishad Singh, FTX, Christian Everdell, Mark Cohen, Luc Cohen, Jody Godoy, Noeleen Walder, Matthew Lewis Organizations: REUTERS, Alameda Research, New York Times, U.S, District, Brooklyn's Metropolitan Detention Center, Bankman, Alameda, Thomson Locations: New York, U.S, Alameda, Brooklyn's, Manhattan, Washington ,

Medical instruments are sterilized following a surgical abortion at Trust Women clinic in Oklahoma City, U.S., December 6, 2021. Circuit Court of Appeals last month allowed the state to enforce its ban, reversing a lower court order that had partially blocked it. Idaho in 2020 passed a so-called "trigger" law that would go into effect and ban abortion if the U.S. Supreme Court overturned Roe v. Wade, the landmark decision that had established a right to abortion nationwide. The law includes a narrow exception for abortions that are necessary to prevent the mother's deathThe Supreme Court overturned Roe in June 2022. It also said that any conflict had been eliminated since Hendrix's decision because the state legislature and state Supreme Court had since clarified the law.

Persons: Evelyn Hockstein, Biden, Donald Trump, Raul Labrador, Roe, Wade, Joe Biden's, James Wesley Hendrix, Brendan Pierson, Alexia Garamfalvi, Jonathan Oatis Organizations: Trust Women, REUTERS, Circuit, Republican, Democratic, U.S . Department of Justice, U.S, Supreme, Idaho, Labor, District, Thomson Locations: Oklahoma City , U.S, San Francisco, Idaho, U.S, New York

Republican U.S. Senate candidate Don Blankenship speaks to his supporters during the primary election in Charleston, West Virginia, U.S., May 8, 2018. In his appeal to the Supreme Court, Blankenship's lawyers said that the media is now dominated by a few giant corporations that seek profits ahead of public service. The Supreme Court previously rejected Blankenship's appeals seeking to overturn his conviction. Thomas in 2019 took aim at the 1964 defamation precedent in an opinion he wrote when the court refused to consider reviving a defamation lawsuit against Bill Cosby. Thomas added that defamation law was historically a matter for the states, and should remain that way.

Persons: Don Blankenship, Lexi Browning, Donald Blankenship's, Blankenship, Sullivan, Clarence Thomas, Thomas, Neil Gorsuch, Joe Manchin, Blankenship's, Bill Cosby, Andrew Chung, Will Dunham Organizations: Republican U.S, Senate, REUTERS, U.S, Supreme, Massey Energy, Fox News, MSNBC, U.S . Senate, New York Times, Conservative, Republican, Democratic, Washington Post, Boston Globe, Circuit, Big Branch, Thomson Locations: Charleston , West Virginia, U.S, West Virginia, Richmond , Virginia, Massey's

☆ Sam Bankman-Fried's fraud trial: How Judge Lewis Kaplan has presided in FTX case
▼ + stars: | 2023-10-09 | 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: +4 min

[1/2] U.S. District Judge Lewis Kaplan presides over the fraud trial of Sam Bankman-Fried over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 3, 2023 in this courtroom sketch. Last year, he presided over a civil trial in which the actor Kevin Spacey defeated a sexual abuse claim. When one prospective juror said they did not understand how cryptocurrency works, Kaplan said, "You probably have a lot of company in this courtroom." Several times during the first three days of testimony, Kaplan urged defense lawyers to move more quickly as they asked prosecution witnesses questions he deemed repetitive. Before the trial began, Kaplan issued several key rulings against the defense, including excluding some of their proposed expert witnesses and barring them from making certain arguments at trial.

Persons: District Judge Lewis Kaplan, Sam Bankman, Jane Rosenberg, District Judge Lewis, levity, Kaplan, Fried, Bill Clinton, Donald Trump, Jean Carroll, Kevin Spacey, Tom Brady, David Lisner, Matt Huang, You've, Caroline Ellison's, Luc Cohen, Amy Stevens, Lisa Shumaker Organizations: U.S, District, Federal Court, REUTERS, Harvard Law School, New, Thomson Locations: FTX, New York City, U.S, Manhattan, Staten, New York

REUTERS/Paul Ratje/File Photo Acquire Licensing RightsOct 6 (Reuters) - A New Mexico judge on Friday rejected a Republican challenge to the state's Democratic-drawn congressional lines, improving the odds Democrats will maintain their hold on all three of the state's districts in next year's election. The Republican state party, which brought the lawsuit, said it would appeal the decision with the New Mexico Supreme Court. "The legislature intended to and, in fact, did egregiously gerrymander the congressional maps," said state Republican party chairman Steve Pearce in a statement. Earlier this week, a federal court approved new congressional lines for Alabama after finding a Republican-created map illegally hurt Black voters. The U.S. Supreme Court is scheduled to hear arguments next week over whether South Carolina's Republican-drawn congressional map unlawfully diluted the power of Black voters.

Persons: Paul Ratje, Fred Van Soelen, Gabe Vasquez, Van Soelen, egregiously, Steve Pearce, Joseph Ax, Andrew Hay, Colleen Jenkins, David Gregorio, Chris Reese Organizations: Center, REUTERS, Republican, Democratic, U.S . House, Judicial, District, Democrat, Democrats, New, New Mexico Supreme, The U.S, Supreme, South Carolina's Republican, Thomson Locations: Dona Ana, Las Cruces , New Mexico, U.S, Mexico, New Mexico, Alabama, The

Former U.S. President Donald Trump looks on during a break at a Manhattan courthouse as he attends trial in a civil fraud case brought by state Attorney General Letitia James against him, his adult sons, the Trump Organization and others in New York City, U.S., October 4, 2023. Trump, the frontrunner for the 2024 Republican presidential nomination, has denied wrongdoing and said the case is part of a political witch hunt. James is seeking at least $250 million in fines, a permanent ban against Trump and his sons Donald Jr and Eric from running businesses in New York and a five-year commercial real estate ban against Trump and the Trump Organization. Trump, who attended the first three days of trial in Manhattan earlier this week, has said he will testify. While this is a civil case, Trump faces other major legal challenges that have been a financial drain and made him the first sitting or former U.S. president to be criminally charged.

Persons: Donald Trump, Letitia James, Mike Segar, Donald Trump’s, Arthur Engoron, Trump, Trump's, Christopher Kise, James, Donald Jr, Eric, Jack Queen, Bill Berkrot Organizations: U.S, Trump Organization, REUTERS, West, New York, Trump, Thomson Locations: Manhattan, New York City, U.S, York, New York, Washington, Georgia, Florida

Perkins Coie, a more than 1,200-lawyer firm founded in Seattle, on Friday said it had expanded the applicant pool for its diversity fellowship program to all law students, not just members of "historically underrepresented" groups. It did so after a group founded by affirmative action foe Edward Blum filed lawsuits against it and another large law firm, Morrison & Foerster, alleging their diversity fellowships unlawfully excluded certain people based on their race. The paid fellowships were designed in part to help support the recruitment of people of color, which major law firms have struggled for years to add to their partnership ranks. In the lawsuit against Perkins Coie, Blum's American Alliance for Equal Rights took aim at a diversity fellowship the firm created in 1991 to support law students from groups "historically underrepresented in the legal profession." Those accepted can receive stipends of $15,000 and paid positions as summer associates, a position that at major law firms can lead to full-time jobs.

Persons: Edward Blum, Perkins, Perkins Coie, Morrison, Foerster, Blum, Fellows, Nate Raymond, Alexia Garamfalvi, Peter Graff Organizations: U.S, Supreme, Harvard University, University of North, Harvard, Saturday, American Alliance for Equal Rights, Thomson Locations: University of North Carolina, Washington , U.S, Seattle, Dallas , Texas, Boston

Sam Bankman-Fried watches as Assistant U.S. Attorney Thane Rehn makes his opening remark in Bankman-Fried's fraud trial over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 4, 2023 in this courtroom sketch. REUTERS/Jane Rosenberg/File Photo Acquire Licensing RightsNEW YORK, Oct 6 (Reuters) - Sam Bankman-Fried's fraud trial kicked off this week, nearly a year after the FTX cryptocurrency exchange he founded declared bankruptcy in a collapse that shocked markets and left the 31-year-old wunderkind's reputation in tatters. Bankman-Fried has pleaded not guilty to charges of stealing billions of dollars in customer funds to prop up his crypto-focused hedge fund, Alameda Research. "Sam and his colleagues were building the plane as they were flying it," Cohen said in his opening statement on Wednesday. "The conversation began with me bringing up the large debt owed by Alameda to FTX and asking something like, 'are things OK?'"

Persons: Sam Bankman, Attorney Thane Rehn, Jane Rosenberg, Fried, Rehn, Mark Cohen, Sam, Cohen, Adam Yedidia, Fried's, Yedidia, Matt Huang, Huang, Gary Huang, Wang, Luc Cohen, Matthew Lewis Organizations: U.S, Attorney, Federal Court, REUTERS, Alameda Research, Manhattan U.S, ALAMEDA, Paradigm, Thomson Locations: Bankman, FTX, New York City, U.S, Thane, Alameda, New York

Ahmad Al Aliwi Alissa, suspect of the King Soopers grocery store shooting, appears in a Boulder County District courtroom at the Boulder County Justice Center in Boulder, Colorado, U.S. May 25, 2021. Still, the judge asked that Alissa remain in the custody of the state hospital where he has been confined for the past two years. Bakke agreed with prosecutors that Alissa, 24, stands a better chance of avoiding regression if he stays hospitalized than if he were returned to jail to await trial. That testimony marked the first indication of a motive for the shooting offered in the case in open court. Authorities said the murder weapon in the Boulder attack, a Ruger AR-556 pistol that resembles a semi-automatic rifle, was purchased by Alissa six days before the grocery store shooting spree.

Persons: Ahmad Al Aliwi Alissa, King, Matthew Jonas, Ingrid Bakke, Alissa, Bakke, Kathryn Herold, Loandra Torres, fidgety, Keith Coffman, Steve Gorman, Matthew Lewis, Chris Reese Organizations: Boulder County Justice Center, REUTERS, Colorado Mental Health, The Colorado Department of Human Services, Authorities, Ruger, Thomson Locations: Boulder County, Boulder, Boulder , Colorado, U.S, Colorado, Denver, Atlanta

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

[1/2] Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW YORK, Oct 4 (Reuters) - The jury for Sam Bankman-Fried's trial on charges of stealing billions of dollars from customers of his now-bankrupt FTX cryptocurrency exchange was selected on Wednesday, paving the way for opening statements to start soon. Prosecutors and the defense are expected to lay out their cases shortly in opening statements. They are expected to call three former members of Bankman-Fried's inner circle - former Alameda chief executive Caroline Ellison and former FTX executives Nishad Singh and Gary Wang - to testify against him. Reporting by Luc Cohen in New York Editing by Amy Stevens, Matthew Lewis and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Fried, Amr Alfiky, FTX, District Judge Lewis Kaplan, Joseph Bankman, Barbara Fried, Gabriel Bankman, Donald Trump, Anthony Scaramucci, Caroline Ellison, Nishad Singh, Gary Wang, Kaplan, Ellison, Luc Cohen, Amy Stevens, Matthew Lewis, Nick Zieminski Organizations: FTX, United, REUTERS, District, Wednesday, Stanford Business School, North Railroad, Prosecutors, Stanford Law, U.S, Alameda Research, Alameda, Metropolitan Detention, Thomson Locations: New York City, U.S, York, Manhattan, Brooklyn, New York

Florida said the White House is conditioning transportation funding on the state's agreement not to enforce provisions that the Secretary of Labor believes undermine collective bargaining. Acting Labor Secretary Julie Su, Transportation Secretary Pete Buttigieg and their respective agencies are among the defendants. The Labor Department did not immediately respond to a request for comment. "Florida passed laws to protect workers from being strong-armed by unions," Republican state Attorney General Ashley Moody said in a statement. "We're pushing back against this overreach to protect our state's autonomy and Florida workers."

Persons: Andrew Kelly, Biden, Ron DeSantis, Bill, Julie Su, Pete Buttigieg, General Ashley Moody, Donald Trump, Jonathan Stempel, David Gregorio Our Organizations: Department of Labor, Washington , D.C, REUTERS, Republican, Labor, U.S . Department, Department of Transportation, Labor Department, Florida Education Association, Democrat, Court, Southern District of, Thomson Locations: Washington ,, Florida, paychecks, U.S, Southern District, Southern District of Florida, New York

☆ Sam Bankman-Fried's trial to resume with jury selection, opening statements
▼ + stars: | 2023-10-04 | 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: +2 min

Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing RightsNEW YORK, Oct 4 (Reuters) - Sam Bankman-Fried's trial on charges of stealing billions of dollars from customers of his now-bankrupt FTX cryptocurrency exchange is set to resume on Wednesday, with the judge aiming to finish selecting a jury and move on to opening statements. That would pave the way for prosecutors and the defense to proceed to opening statements, in which each side would lay out their case. Bankman-Fried has pleaded not guilty and is likely to argue that while he failed to adequately manage risk, he did not steal money. Reuters GraphicsReporting by Luc Cohen in New York Editing by Amy Stevens and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Fried, Amr Alfiky, FTX, District Judge Lewis Kaplan, Caroline Ellison, Nishad Singh, Gary Wang, Kaplan, Ellison, Luc Cohen, Amy Stevens, Matthew Lewis Organizations: United, REUTERS, District, Prosecutors, U.S, Alameda Research, Alameda, Metropolitan Detention, Thomson Locations: New York City, U.S, Manhattan, Brooklyn, New York

Judge Arthur Engoron is seen in the courtroom before the start of former U.S. President Donald Trump’s civil business fraud trial at the State Supreme Court building in New York, U.S. October 4, 2023. Mary Altaffer/Pool via REUTERS Acquire Licensing RightsNEW YORK, Oct 4 (Reuters) - A judge overseeing Donald Trump’s civil fraud trial pounded his fists in frustration with the former U.S. president’s lawyers on Wednesday for what he described as redundant and "ridiculous" cross-examination of a witness. He has already disciplined Trump’s lawyers for making what he said were "frivolous" arguments. "This is ridiculous," Engoron said on Wednesday as one of Trump’s lawyers repeatedly asked his onetime accountant the same questions for each year at issue in the case. Trump’s lawyers appealed the decision on Wednesday.

Persons: Arthur Engoron, Donald Trump’s, Mary Altaffer, Donald, Trump, Engoron, Letitia James, James, Donald Jr, Eric, Joe Biden's, Jack Queen, Grant McCool Organizations: Supreme, REUTERS Acquire, New, Trump, Democrat, Trump Organization, White, Thomson Locations: New York, U.S, Manhattan

The United States Supreme Court building is seen as in Washington, U.S., October 4, 2023. At issue before the Supreme Court was whether Laufer has such standing. President Joe Biden's administration agreed with the hotel in the case that Laufer does not have standing in the case to sue. "This is, like, dead, dead, dead - in all the ways that something can be dead," Kagan said. A federal judge in Maine threw out the lawsuit, finding Laufer did not have standing, but the Boston-based 1st U.S.

Persons: Evelyn Hockstein, Acheson, Deborah Laufer, Laufer, Elena Kagan, Kelsi Corkran, Brett Kavanaugh, Ketanji Brown Jackson, Jackson, Corkran, Joe Biden's, Samuel Alito, Adam Unikowsky, Kagan, Andrew Chung, Will Dunham Organizations: United States Supreme, REUTERS, Rights, Supreme, Acheson Hotels, Disabilities, Conservative, Liberal, Civil Rights, Circuit, U.S . Chamber, Commerce, Thomson Locations: Washington , U.S, Florida, Maine, Wells , Maine, Boston

The shareholders also said they sold Twitter shares at artificially low prices because Musk hid what he was doing. Carter said he could not infer that Musk was "too busy" to comply with SEC rules if he could find time to buy Twitter shares, meet with company executives, and post online about Twitter. Musk bought Twitter for $44 billion last October. Twitter shares rose 27% on April 4, 2022, to $49.97 from $39.31, after Musk revealed his 9.2% stake. The case is Oklahoma Firefighters Pension and Retirement System v. Musk et al, U.S. District Court, Southern District of New York, No.

Persons: Elon Musk, Chuck Schumer, Leah Millis, Andrew Carter, Musk, Carter, Katie Sinderson, Jonathan Stempel, Will Duham Organizations: Intelligence, Senate, U.S, Capitol, REUTERS, Twitter, District, U.S . Securities, Exchange, SEC, Oklahoma Firefighters, Court, Southern District of, Thomson Locations: Washington , U.S, U.S, Manhattan, Oklahoma, Southern District, Southern District of New York, New York

The CFPB's funding design draws money each year from the Federal Reserve instead of from budgets passed by lawmakers. Challengers to the CFPB - trade groups representing the high-interest payday loan industry - argued that the agency's funding structure violates a constitutional provision giving Congress the power of the purse. The Supreme Court's 6-3 conservative majority has rolled back the power of federal agencies including the Environmental Protection Agency in important rulings in recent years. The court's three liberal justices pressed the challengers on the repercussions of deeming the CFPB's funding structure unconstitutional. Circuit Court of Appeals, which last October ruled that the CFPB's funding structure violated the Appropriations Clause.

Persons: Clarence Thomas, Samuel Alito, Kevin Wurm, Joe Biden's, Elizabeth Prelogar, Biden, Elena Kagan, Barack Obama, Wells, John Kruzel, Will Dunham Organizations: U.S, Supreme, REUTERS, Companies Wells, Co, Consumer Financial Protection Bureau, Federal, Environmental Protection Agency, Conservative, Federal Reserve, Democratic, New, Circuit, Appeals, Republican, Thomson Locations: Washington , U.S, WASHINGTON, New Orleans

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/Eduardo Munoz/File Photo Acquire Licensing RightsOct 3 (Reuters) - Sam Bankman-Fried's fraud trial, which is set to kick off on Tuesday, marks the culmination of a yearlong legal saga stemming from the dramatic collapse of the FTX cryptocurrency exchange he founded. Below is a timeline of key events leading up to the 31-year-old former billionaire's trial. MAY 2019Bankman-Fried and former Google employee Gary Wang found FTX as a new platform to trade crypto tokens and derivatives. Alameda gives crypto lender Voyager Digital a $200 million credit facility, and FTX gives lender BlockFi a $250 million loan. In a post-arrest blog post, Bankman-Fried denies stealing funds and blames FTX's collapse on a broader downturn in crypto markets.

Persons: Sam Bankman, Eduardo Munoz, Gary Wang, Larry David, Fried, CoinDesk, Binance, FTX, Changpeng Zhao, David, Tom Brady, Wang, Caroline Ellison, District Judge Lewis Kaplan, Nishad Singh, Kaplan revokes, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: REUTERS, Massachusetts Institute of Technology, Jane Street Capital, Alameda Research, Google, Forbes, Alameda, NFL, DEC, U.S, District, New York Times, Metropolitan Detention Center, Thomson Locations: New York, U.S, Alameda, Bahamas, Manhattan, United States, Palo Alto , California

☆ Explainer: What charges does Sam Bankman-Fried face over FTX's collapse?
▼ + stars: | 2023-10-03 | 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: +3 min

Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing RightsNEW YORK, Oct 3 (Reuters) - Sam Bankman-Fried is set to go on trial on Tuesday on fraud and conspiracy charges related to the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded and led. He faces one count of wire fraud, two counts of conspiracy to commit fraud, and one count of money laundering conspiracy over the alleged theft of customer funds. Bankman-Fried faces one wire fraud count and two conspiracy counts over the alleged misrepresentations to investors and lenders. Reporting by Luc Cohen in New York; Editing by Noeleen Walder and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Fried, Amr Alfiky, Caroline Ellison, Ellison, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: United, REUTERS, Alameda Research, Alameda, Prosecutors, Thomson Locations: New York City, U.S, FTX, Bahamas, Alameda, New York

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

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