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☆ How the Cass Report Became a Weapon in the War on Trans Kids - The New York Times
▼ + stars: | 2024-08-13 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +2 min

Tennessee is one of some two dozen states that have passed laws limiting gender-affirming care for young people. The Tennessee law, called the Protecting Children From Gender Mutilation Act, prohibits the use of puberty-blocking medications for transgender adolescents, for example, but permits them for children who go into puberty at an early age. It bans the use of sex hormones like testosterone in transgender adolescents but allows it for other health issues, such as for children assigned male at birth. It bans gender-affirming surgeries for transgender adolescents — such surgeries are extremely rare — but allows similar surgical procedures that affirm the sex a child is assigned at birth, even on infants who are intersex. The Supreme Court ruled in 2020 — somewhat surprisingly given its conservative majority — that differential treatment of transgender and gay people is impermissible under civil rights law.

Persons: Biden, —, Neil Gorsuch, ” Locations: United States, Tennessee

☆ Angry creditors want Giuliani’s assets taken out of his control
▼ + stars: | 2024-07-09 | by ( Katelyn | ) edition.cnn.com time to read: +9 min

Giuliani’s bankruptcy attorneys and his spokesman didn’t provide additional comment to CNN for this story. They want the bankruptcy judge on Wednesday to throw him out of bankruptcy court. For instance, in recent weeks, according to his financial records available in court, Giuliani made 40 purchases from Amazon totaling nearly $3,500. “Unfortunately, in this case, good news always seems to be accompanied with bad,” lawyers for his creditors wrote to the bankruptcy judge last month. “We saw the same thing and have requested information, and a cup of coffee,” Giuliani’s own bankruptcy lawyers told the creditors.

Persons: Rudy Giuliani, Giuliani, He’s, they’ve, Donald Trump’s, ”, Daniel Gielchinsky, it’s, Ruby Freeman, Shaye Moss, –, Akin Gump, Giuliani’s, Maria Ryan, didn’t, John Eastman, Jim Bourg, Reuters Freeman, Moss, ” Moss, “ He’s, ” Gielchinsky, Igor Lopatonok, Sean Stone, Chanel Rion, Simona Papadopoulos, Rudy ”, Rudy, “, CNN’s Sabrina Shulman Organizations: CNN, New, ” Lawyers, Giuliani Communications LLC, Trump, Reuters, Amazon, Giuliani Communications, RT America, One America News Network, Burke Brands Locations: New York, Atlanta, Georgia, Arizona, Palm Beach , Florida, Florida, Beach, Russian, Giuliani

☆ Clearview AI Used Your Face. Now You May Get a Stake in the Company.
▼ + stars: | 2024-06-13 | by ( Kashmir Hill | ) www.nytimes.com time to read: +1 min

A facial recognition start-up, accused of invasion of privacy in a class-action lawsuit, has agreed to a settlement, with a twist: Rather than cash payments, it would give a 23 percent stake in the company to Americans whose faces are in its database. Clearview AI, which is based in New York, scraped billions of photos from the web and social media sites like Facebook, LinkedIn and Instagram to build a facial recognition app used by thousands of police departments, the Department of Homeland Security and the F.B.I. The litigation has proved costly for Clearview AI, which would most likely go bankrupt before the case made it to trial, according to court documents. The company and those who sued it were “trapped together on a sinking ship,” lawyers for the plaintiffs wrote in a court filing proposing the settlement. “These realities led the sides to seek a creative solution by obtaining for the class a percentage of the value Clearview could achieve in the future,” added the lawyers, from Loevy + Loevy in Chicago.

Persons: ” Organizations: Facebook, LinkedIn, Department of Homeland Security, New York Times Locations: New York, Chicago, Loevy

☆ Elizabeth Holmes, Silicon Valley’s most famous convict, makes her long-shot appeal
▼ + stars: | 2024-06-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Holmes was sentenced to 11 years in prison for defrauding investors in her failed blood-testing company, Theranos. She is seeking a new trial, arguing that the judge in her case erred in several decisions during the 2022 proceedings. Since her conviction, her projected release date from prison has been moved up, shaving about two years off her sentence. Theranos’ unraveling, and Holmes herself, became the subject of a bestselling book, a Hulu scripted series and an award-winning documentary. Holmes knowingly concealed the technology’s problems, and still pushed to get the company’s Edison devices into pharmacies, prosecutors argued.

Persons: Elizabeth Holmes, Holmes, Stanford, Steve Jobs, Larry Ellison, Rupert Murdoch, Ramesh “ Sunny ”, “ Holmes, Balwani, Holmes ’, Theranos, “, Edward Davila, Balwani “, laywers, ”, Agustin Orozco, Crowell, Orozco Organizations: New, New York CNN, California’s, Circuit, Wall Street, Prosecutors, Moring Locations: New York, California, Texas

☆ When the Supreme Court overturned Roe v. Wade, it opened the floodgates for abortion-related lawsuits
▼ + stars: | 2024-03-25 | by ( Joan Biskupic | ) edition.cnn.com time to read: +19 min

CNN —The Supreme Court on Tuesday will hear its first abortion case since the 2022 reversal of Roe v. Wade and upheaval of reproductive rights in America. All the while, public regard for the Supreme Court has degenerated. Supreme Court Justice Stephen Breyer is photographed at his home in Cambridge, Massachusetts, in September 2015. Dirck Halstead/The LIFE Images Collection/Getty Images Breyer and his daughter Chloe jog with Clinton in May 1994. Mai/The LIFE Images Collection/Getty Images Breyer works in his office with his staff of clerks in June 2002.

Persons: Roe, Wade, Joe Biden, Donald Trump, Dobbs, Biden, Elizabeth Prelogar, mifepristone, Prelogar, what’s, ”, Susan B, Anthony Pro, ’, Evelyn Hockstein, Breyer, Stephen Breyer, Justice Ketanji Brown Jackson, Samuel Alito, Hodges, Trump, “, ” Breyer, Damon Winter, Stephen, Irving, Anne, Charles ., Chloe, Nell, Michael —, Joanna Breyer, Ira Wyman, Sygma, Byron White, Ruth Bader Ginsburg, John Harrington, Joanna, John Tlumacki, Bill Clinton, Clinton, Harry Blackmun, Dirck Halstead, Doug Mills, US Sen, Ted Kennedy, Laura Patterson, John Blanding, Colin Powell, George W, Bush, Mai, David Hume Kennerly, Seuss, Evan Vucci, Charles, Marcio Jose Sanchez, William Rehnquist, Clarence Thomas, David Souter, William Kennedy, Antonin Scalia, Sandra Day O'Connor, John Paul Stevens, Chip Somodevilla, John Roberts, Pablo Martinez Monsivais, Samuel Alito's, Gerald Herbert, Cole Mitguard, Mourning, Penni Gladstone, Clara Scholl, Elise Amendola, Nicholas Kamm, Michelle Obama, Barack Obama, Alex Wong, ABC's George Stephanopoulos, Heidi Gutman, Andrew Harrer, Hu Jintao, Eli, Shutterstock Breyer, Britain's Prince Charles, Mandel Ngan, Tom Williams, Carolyn Kaster, Ben Bradlee, Bill O'Leary, Pete Marovich, Stephen Colbert, Jeffrey R, Win McNamee, Elena Kagan, Neil Gorsuch, Anthony Kennedy, Sonia Sotomayor, Maureen Scalia, Andrew Harnik, Brett Kavanaugh, Amy Coney Barrett, Erin Schaff, Abraham Lincoln, George Washington, Saul Loeb, Ketanji Brown Jackson, Patrick, Fred Schilling, Matthew Kacsmaryk, Erin Hawley, GYN, … Organizations: CNN, Alabama Supreme, Republican, Food, Drug Administration, FDA, Jackson, Health Organization, District of Columbia, America, United States Conference of Catholic Bishops, Alamo Women's, Reuters, Supreme Court, Democratic, Supreme, New York Times, Harvard Law School, Appeals, First Circuit, Circuit, Getty, White House, Airport, Boston Globe, US, Suffolk University Law School, Francisco's Lowell High School, San Francisco Chronicle, Belgium's Catholic University of Louvain, Georgetown University Law Center, Administrative, Administrative Conference of, Jewish American Heritage Month, Walt Disney Television, Bloomberg, White, Office, Committee, Washington Nationals, Washington Post, Financial Services, General Government, CBS, State, The New York Times, Library of Congress, Alliance, Hippocratic, Alliance for Hippocratic, OB, Department, Justice Locations: America, New York, Carbondale , Illinois, Cambridge , Massachusetts, Maine , Massachusetts, New Hampshire, Puerto Rico, Rhode Island, AFP, San Francisco, Lowell, Washington , DC, United States

WASHINGTON (AP) — The Supreme Court is allowing West Point to continue taking race into account in admissions, while a lawsuit over its policies continues. The justices on Friday rejected an emergency appeal seeking to force a change in the admissions process at West Point. The military academy had been explicitly left out of the court’s decision in June that ended affirmative action almost everywhere in college admissions. Lower courts had declined to block the admissions policies at both schools while the lawsuits are ongoing. Only the West Point ruling has been appealed to the Supreme Court.

Persons: West, ”, Elizabeth Prelogar, Biden Organizations: WASHINGTON, Constitution, Harvard University, University of North, Fair, Harvard, U.S . Military Academy, West, U.S . Naval Academy, Supreme, Long, Army, Justice Department, United States Military Academy, Biden administration’s Locations: West, U.S, University of North Carolina, North Carolina, “, Hudson, New York City, New York, Atlanta, Detroit

☆ Panera hit with another wrongful death suit over caffeinated lemonade
▼ + stars: | 2023-12-05 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

A loyal Panera customer, he started regularly ordering “charged lemonade” in late September, according to the suit. The complaint resembles another wrongful death suit filed earlier this year by the parents of Sarah Katz, a 21-year-old woman who died in September 2022 after drinking Panera’s charged lemonade. “Panera Charged Lemonade is a juice beverage marketed to children and adults alike,” the suit claims. Katz, who died last year, may have believed the caffeinated drink was regular lemonade, her parents alleged in the suit they filed against Panera. Now, a 30-ounce charged Panera drink has no more than 237 milligrams of caffeine, according to Panera’s site.

Persons: New York CNN —, Dennis Brown, Brown, Sarah Katz, Katz, Panera, “, Brown’s, Kline, Specter, ” Panera, — CNN’s Eva Rothenberg Organizations: New, New York CNN, ”, CNN, Food and Drug Administration Locations: New York

X, the social media service formerly known as Twitter, sued Media Matters in federal court on Monday after the advocacy organization published research showing that ads on X appeared next to antisemitic content. A post last week from Elon Musk that endorsed an antisemitic conspiracy theory, which he wrote a day before the Media Matters research was published, kicked off an advertiser exodus, with major brands like IBM, Apple, Warner Bros. X has rejected Media Matters’ findings, saying they were not representative of a regular user’s experience on the platform. On Friday, Mr. Musk promised a “thermonuclear lawsuit” against Media Matters and its backers. The lawsuit, filed in U.S. District Court for the Northern District of Texas, claims that Media Matters tried to damage X’s relationships with advertisers.

Persons: Elon Musk, Musk, ’, X Organizations: Twitter, Media, Elon, IBM, Apple, Warner Bros . Discovery, Sony, Media Matters, Northern, Northern District of, “ Locations: U.S, Northern District, Northern District of Texas

☆ Supreme Court revisits the Second Amendment in the wake of the latest mass shooting
▼ + stars: | 2023-11-07 | by ( Ariane De Vogue | ) edition.cnn.com time to read: +10 min

The Supreme Court is considering a section of federal law that bars an individual subject to a domestic violence restraining order from possessing a firearm. But then the Supreme Court issued its Second Amendment decision in Bruen. The 6-3 Bruen decision broke along familiar conservative-liberal ideological lines. But Justice Brett Kavanaugh, joined by Chief Justice John Roberts, wrote separately to stress that the Second Amendment right is not unlimited. The Second Amendment is “neither a regulatory straitjacket nor a regulatory blank check,” Kavanaugh said.

Persons: Clarence Thomas, Joe Biden’s, “ Rahimi, ”, Andrew M, “, Roger Benitez, Zackey Rahimi, Rahimi, ” Biden, Biden, Elizabeth Prelogar, Matthew Wright, Wright, ” Wright, Brett Kavanaugh, John Roberts, ” Kavanaugh, Amy Coney Barrett, ” Barrett, Barrett, Kavanaugh, ” Willinger, Hunter Biden, Hunter, That’s, Bruen, Patrick Daniels, Daniels, ” Hunter, Abbe Lowell Organizations: CNN, New York, Duke University School of Law, Circuit, Gun Safety, Chief, 5th Circuit Locations: New, California, Texas, Bruen, United States, North Texas, Wisconsin, Rahimi, USA, Delaware

WASHINGTON (AP) — Donald Trump is scheduled to be questioned under oath Tuesday as part of lawsuits from two former FBI employees who provoked the former president's outrage after sending each other pejorative text messages about him. The Justice Department had sought to block the deposition of Trump as unnecessary, citing testimony from other witnesses who'd already been interviewed in the lawsuits that Trump had no impact on the decision to fire Strzok. But both U.S. District Judge Amy Berman Jackson and a federal appeals court rebuffed the Justice Department, permitting a two-hour deposition to move forward. In his 2020 book, “Compromised: Counterintelligence and the Threat of Donald J. Trump,” Strzok expressed measured regret for the text messages and the impact they had on the FBI. But in an interview that year with The Associated Press, he also described the personal toll of the attacks from Trump.

Persons: — Donald Trump, Peter Strzok, Lisa Page, Strzok, Trump, who'd, David Bowdich, Chris Wray, Amy Berman Jackson, Page, Hillary Clinton's, “, Donald J, ” Strzok, ” Organizations: WASHINGTON, FBI, Trump, Justice Department, Justice, Mar, Counterintelligence, Associated Press, “ Locations: Russia, Trump, Trump's Florida, New York, Strzok

☆ How Mexican narcos use remittances to wire U.S. drug profits home
▼ + stars: | 2023-08-18 | by ( Reuters Graphic | ) www.reuters.com time to read: +28 min

Now the news agency is the first to detail how Mexican drug gangs have harnessed legitimate remittance networks to repatriate their U.S. drug profits, and the factors that make this activity so difficult for authorities to detect and thwart. But authorities say Mexican drug cartels are piggybacking on this legal network to repatriate earnings from U.S. narcotics sales. A Reuters search of Mexican court records dating back to 2012 turned up no cases involving money laundering through remittances. Still, prosecutors in those cases mentioned several of those firms in court documents because they said the defendants had used their platforms to wire drug money. His office did not respond to requests for comment about law enforcement allegations that Mexican cartels are using remittances to launder drug money.

Persons: Money, ”, “, Andrés Manuel López Obrador, ” Jorge Godínez, ” Godínez, John Cornyn of, Chuck Grassley, ” Grassley, pocketing, John Horn, remitters ”, Horn, – Oscar Gustavo Perez, Bernal, Itzayana Guadalupe Perez, Susan Fiorella Ayala, Chavez –, Los, –, Jose Luis Rosales, Ocampo, Josue Gama, Perez, Thania Rosales, Dulce Rosales, – Ana Lilia Leal, Martinez, Ana Paola Banda, Maria de Lourdes Carbajal, Henri Watson, Carbajal, Sigue, Sangita Bricker, Transfast –, ” Sigue, Transfast, fanny, Juan de Dios Gámez, Rubén Rocha, BanCoppel, Banorte, hadn’t, El, López Obrador, ” López Obrador, Signos, Signos Vitales, Oquitoa, Enrique Cardenas, Tim Walz, Keith Ellison Organizations: Sinaloa Cartel, Reuters, Jalisco New, Mexican, WorldRemit, ., National Intelligence, narcos, U.S, Republican U.S, Treasury, U.S . Department of, U.S ., Financial Intelligence Unit, “, Federal Bureau of Prisons, Los Rosales, Kansas City, ”, Leal, IDT Corporation, IDT, Mastercard, Express Cellular, Prosecutors, IRS, Western Union, U.S . Department of Justice, Federal Trade Commission, ‘, Banco Azteca, Elektra, World Bank, Minnesota, Caborca Locations: CULIACÁN, Mexico, Mexican, Culiacán, Sinaloa, United States, Jalisco, U.S, Colorado, Union, Americas, London, John Cornyn of Texas, Iowa, Ohio, Colorado , Georgia , Ohio , Oklahoma , Texas, Virginia, Washington, Georgia, Atlanta, Columbus, Rosales, Nayarit, Michoacan, Missouri, Texas, Florida, New Jersey, Miami, , New Jersey, Ria, Kansas, California, New York, Western, Sinaloan, Costa Rica, BanCoppel, India, China, Mexico City, Minnesota, Arizona , Colorado , Florida , Illinois, New Mexico, Nevada, Oquitoa, Sonora

☆ Trump proposes April 2026 trial in federal election subversion case
▼ + stars: | 2023-08-17 | by ( Devan Cole | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump is asking the federal judge overseeing special counsel Jack Smith’s criminal election subversion case against him to set the trial for April 2026. The federal judge in the documents case has set that trial for May 2024, while the New York case is set to go to trial in March of next year. “President Trump must prepare for each of these trials in the coming months. Several will likely require President Trump’s presence at some or all trial proceedings,” they wrote. “Without question, President Trump’s obligation to diligently prepare for this case does not end because of other pending matters,” the attorneys said.

Persons: Donald Trump, Jack, Trump, Tanya Chutkan, “, ”, Chutkan, Trump’s, Smith’s, Smith, Fani Willis, BIDEN Organizations: CNN, US, “, Capitol Locations: Washington ,, New York, Georgia, Fulton County, York, Iowa

☆ DOJ no longer believes Trump should have immunity from Carroll defamation lawsuit
▼ + stars: | 2023-07-11 | by ( Kara Scannell | ) edition.cnn.com time to read: +4 min

That essentially meant that the Justice Department would be substituted as a defendant and the case would likely be dismissed. Trump’s and Carroll’s lawyers will also have an opportunity to weigh in. In light of the developments, the Justice Department said its position had changed. “And a jury has now found that Mr. Trump sexually assaulted Ms. Carroll long before he became President. That history supports an inference that Mr. Trump was motivated by a ‘personal grievance’ stemming from events that occurred many years prior to Mr. Trump’s presidency,” the Justice Department wrote.

Persons: Donald Trump, Jean Carroll’s, Carroll, Trump, Carroll II, Trump’s, couldn’t, Roberta Kaplan, ”, ” Kaplan Organizations: CNN, The Justice, Trump, Department, Biden, Justice Department, DOJ, Justice, United States Government, Department of Justice Locations: Washington, York, United States

☆ ‘That’s Not Us!’: Blank Slate Coffee Would Like You to Know It Is Not Blank Street
▼ + stars: | 2023-06-28 | by ( Callie Holtermann | ) www.nytimes.com time to read: +1 min

She said a coffee supplier had told her that it would not do business with Blank Street. She overheard people complaining about Blank Street on the sidewalk outside her cafe. “With over 3,000 coffee shops in New York, any similarity with our brand is a complete coincidence,” Blank Street said in a statement on Tuesday. Blank Street declined to answer specific questions, including whether it was aware of a shop called Blank Slate when the company opened its two locations in that area. And other coffee shops with similar names are eager to distance themselves: The owners of Blank Coffee, a vegan cafe in London, said the businesses’ similar names might make customers think their cafe had “sold out.” In March, Blank Coffee formally opposed the registration of the Blank Street Coffee trademark in Britain.

Persons: Jaffe, That’s, ”, Blank, Israel, moaned Organizations: Blank Locations: New York, London, Britain

☆ Military Caught Airman Mishandling Secrets Before Arrest but Left Him in Job
▼ + stars: | 2023-05-18 | by ( Glenn Thrush | Robin Stein | ) www.nytimes.com time to read: +1 min

Air Force officials caught Airman Jack Teixeira taking notes and conducting deep-dive searches for classified material months before he was charged with leaking a vast trove of government secrets, but did not remove him from his job, according to a Justice Department filing on Wednesday. On two occasions in September and October 2022, Airman Teixeira’s superiors in the Massachusetts Air National Guard admonished him after reports that he had taken “concerning actions” while handling classified information. Those included stuffing a note into his pocket after reviewing secret information inside his unit, according to a court filing ahead of a hearing before a federal magistrate judge in Worcester, Mass., on Friday to determine whether he should be released on bail. Airman Teixeira — who until March shared secrets with scores of online friends from around the world on Discord, a social media platform popular with gamers — “was instructed to no longer take notes in any form on classified intelligence information,” lawyers with the department’s national security division wrote in an 11-page memo arguing for his indefinite detention. The airman’s superiors also ordered him to “cease and desist on any deep dives into classified intelligence information,” although it is not clear how, or if, they enforced that directive.

☆ Fox bosses ‘shut down’ fact checking with 2020 conspiracies, Dominion lawyer says
▼ + stars: | 2023-03-21 | by ( Marshall Cohen | ) edition.cnn.com time to read: +11 min

Dominion is suing Fox News over the right-wing channel’s airing of false claims of election fraud around the 2020 presidential election. Fox News argued that Dominion should instead rely on the “lengthy depositions” that these witnesses already gave. It claims Dominion hasn’t shown anything strong enough to overcome the high bar that the First Amendment provides, protecting good-faith journalists from speech-chilling defamation lawsuits. Dominion lawyer Rodney Smolla said its high-stakes defamation case against Fox News will protect the public discourse and hold accountable people who deliberately lied about the 2020 election. “They endorsed,” Murdoch said, referring to Fox hosts Sean Hannity, Jeanine Pirro, Maria Bartiromo, and former host Lou Dobbs.

☆ Fox News and Dominion spar in new legal filings
▼ + stars: | 2023-03-08 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

Most legal experts expect that the case will ultimately proceed to trial before a jury in mid-April. Dominion asked the judge to decide the case in their favor because, in their view, Fox has already conceded that its on-air statements about Dominion rigging the 2020 election were false. “Fox has produced no evidence — none, zero — supporting those lies,” Dominion said. Discovery into Fox has proven that from the top of the organization to the bottom, Fox always knew the absurdity of the Dominion ‘stolen election’ story.”“Fox seeks a First Amendment license to knowingly spread lies,” Dominion added, rejecting Fox’s argument that the election-rigging allegations were “newsworthy” and thus protected under the First Amendment. The company continued, “if Fox cared about the truth that it now acknowledges, Fox would have its top personalities reporting that truth to its audience.

The hundreds of pages of new documents include previously unreleased excerpts from key depositions, including Fox Corporation chairman Rupert Murdoch, and are part of Dominion’s defamation lawsuit against Fox News. The transcript was part of a trove of text messages, emails, and other material from Fox News executives and on-air personalities that were made public Tuesday as part of Dominion’s $1.6 billion defamation lawsuit against the right-wing channel. “Do you believe that Dominion was engaged in a massive and coordinated effort to steal the 2020 presidential election?” Murdoch was asked by Dominion lawyers. The hundreds of pages of new documents that came out Tuesday include previously unreleased excerpts from key depositions, including Murdoch, and are part of Dominion’s defamation lawsuit against Fox News. Fox News has not only vigorously denied the claims, it has insisted it is “proud” of its 2020 election coverage.

☆ Rupert Murdoch acknowledged that Fox News hosts endorsed false stolen election claims
▼ + stars: | 2023-02-27 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —Rupert Murdoch, the chairman of Fox Corporation, acknowledged in a deposition taken by Dominion Voting Systems that some Fox News hosts endorsed false claims that the 2020 election was stolen. Murdoch’s remarks were made public in a legal filing as part of Dominion’s $1.6 billion lawsuit against Fox News. In his deposition, Murdoch rejected that the right-wing talk network as an entity endorsed former President Donald Trump’s election lies. “Some of our commentators were endorsing it,,” Murdoch said, according to the filing, when asked about the talk hosts’ on-air positions about the election. Top legal experts told CNN after last week’s filing that Dominion’s legal position appeared strong.

☆ Elon Musk’s Twitter accused of unlawful staff firings in the UK
▼ + stars: | 2023-01-11 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

The letter also said Twitter has failed to provide information about the selection criteria used to determine the layoffs. The letter states that 43 affected UK employees are prepared to take the issue to an Employment Tribunal, a UK system for employees to bring legal disputes against their employers, if the company does not agree to cooperate with negotiations over the layoff process. The warning marks the latest challenge to Twitter from former employees affected by mass layoffs that took place after Elon Musk acquired the company in October. Twitter is also facing four proposed class action lawsuits in the United States related to the layoffs. (Typically, negotiations over mass layoffs by UK companies involve discussions of the reasons for terminations and how to minimize their size and impact.)

☆ FTX says it could have over 1 million creditors
▼ + stars: | 2022-11-15 | by ( Ryan Browne | ) www.nbcnews.com time to read: +4 min

Beleaguered cryptocurrency exchange FTX may have more than 1 million creditors, according to a new bankruptcy filing, hinting at the huge impact of its collapse on crypto traders. Last week, when it filed for Chapter 11 bankruptcy protection, FTX indicated that it had more than 100,000 creditors with claims in the case. But in an updated filing Tuesday, lawyers for the company said: “In fact, there could be more than one million creditors in these Chapter 11 Cases.”Typically in such cases, debtors are required to provide a list of the names and addresses of the top 20 unsecured creditors, the lawyers said. Over the past 72 hours, FTX has been in contact with “dozens” of regulators in the U.S. and overseas, the company’s lawyers wrote. Over the weekend, FTX was hit with an apparent cyberattack resulting in the theft of more than $400 million worth of tokens.

☆ Bankrupt crypto exchange FTX may have over 1 million creditors as ‘dozens’ of regulators probe collapse
▼ + stars: | 2022-11-15 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Bankrupt crypto exchange FTX could have more than 1 million creditors and has been in contact with “dozens” of regulators around the world, according to court documents, underlining the far-reaching impact from the stunning collapse of one of the industry’s biggest players. A person familiar with the matter confirmed to CNN on Monday that federal prosecutors in New York are investigating the FTX collapse. FTX filed for bankruptcy last week and at the time estimated it had more than 100,000 creditors. “In fact, there could be more than one million creditors in these Chapter 11 cases,” lawyers for FTX wrote. The court filing said Bankman-Fried “ultimately agreed to step aside” at about 4:30 a.m. on Friday.

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