DIRS.INFO The most relevant business & tech news

[1/4] Spanish Labour Minister Yolanda Diaz reacts during a campaign rally for her new left-wing umbrella party Sumar in the southern district of Orcasitas, Madrid, Spain, June 24, 2023. POPE'S BLESSINGOnce a Communist, Diaz now shies away from labelling herself as such or appealing solely to left-wing voters, although she rarely misses an opportunity to criticise capitalism. "We need better wages, especially in a country where the causes of inflation are tremendous corporate margins," she said. Two days later, Diaz registered Sumar, which first surfaced as a loose movement to unite the left in 2022, as a potential kingmaker bloc to run in the election. Reporting by Belén Carreño and Elena Rodríguez in Madrid; editing by Andrei Khalip and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Yolanda Diaz, Isabel Infantes, Pedro Sanchez, Diaz, Sanchez, Vox, Sanchez's, Shostakovich, Billie Eilish, Pope Francis, Pope, Podemos, Belén Carreño, Elena Rodríguez, Andrei Khalip, Mark Heinrich Our Organizations: Spanish Labour, REUTERS, Socialists, Reuters, Socialist, People's Party, Spanish Socialist Workers ' Party, PSOE, Communist, Spanish Catholic Church, Thomson Locations: Orcasitas, Madrid, Spain, MADRID, Sanchez's, Ukraine

☆ Justice Department charges 78 people with $2.5 billion in health-care fraud
▼ + stars: | 2023-06-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The Department of Justice announced Wednesday that it has recently charged 78 people with $2.5 billion in separate health-care fraud and opioid abuse schemes. The defendants allegedly defrauded programs used to take care of elderly and disabled people, and in some cases used the ill-gotten money to buy exotic cars, jewelry, and yachts, the DOJ said. Among those charged are 11 defendants accused of submitting $2 billion in fraudulent claims through telemedicine, as well as 10 defendants charged in connection with fraudulent prescription drug claims. In all, prosecutors filed charges against people in 16 states in cases that were lodged or unsealed in the past two weeks as part of the coordinated crackdown. In the scheme cited by Garland, executives of supposed software and services companies submitted $1.9 billion in fraudulent claims to Medicare for items that were not eligible for reimbursement, according to the DOJ.

Persons: General Merrick Garland, Garland, Brett Blackman, Gregory Schreck, Johnson, Gary Cox Organizations: of Justice, DOJ, Justice Department, Southern, Southern District of Locations: telemedicine, Johnson County , Kansas, Maricopa County , Arizona, U.S, Southern District, Southern District of Florida

☆ DOJ issues scathing rebuke of Bureau of Prisons detailing multiple failures that led to Jeffrey Epstein’s suicide
▼ + stars: | 2023-06-27 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +5 min

The report indicated the Bureau of Prisons’ failings were troubling not only because they did not safeguard Epstein but also because they “led to numerous questions about the circumstances surrounding Epstein’s death” and denied Epstein’s victims justice. Two guards on duty the night of Epstein’s death later admitted to falsifying records at the time. According to the initial indictment against the two guards, on the night of Epstein’s suicide, both individuals repeatedly failed to complete the required prisoners check during their watch. On the day before he was found dead in his prison cell, Epstein was also allowed by prison staff to make an unmonitored phone call, despite prison policy requiring all phone calls to be monitored. In August 2021, two years after Epstein’s death, the BOP announced it would close Metropolitan Correctional Center, citing the need to improve conditions in the facility.

Persons: Jeffrey Epstein, ”, Epstein, ” Epstein, OIG Organizations: CNN, Department’s Office, Prisons, Federal Bureau of Investigation’s, Metropolitan Correctional Center, Justice Department, Southern, of, MCC, FBI, Force, BOP, Correctional Center, Office Locations: New York, of New York

☆ Judge Denies Request to Seal Witness List in Trump Documents Case
▼ + stars: | 2023-06-26 | by ( Alan Feuer | ) www.nytimes.com time to read: +1 min

The federal judge overseeing former President Donald J. Trump’s prosecution on charges of illegally holding on to sensitive national security documents denied on Monday the government’s request to keep secret a list of witnesses with whom Mr. Trump has been barred from discussing his case. The ruling by Judge Aileen M. Cannon, in the Southern District of Florida, means that some or all of the list of 84 witnesses could at some point become public, offering further details about the shape and scope of the case that the special counsel Jack Smith has brought against Mr. Trump. The government’s request to keep the names of the witnesses secret “does not offer a particularized basis to justify sealing the list from public view,” Judge Cannon wrote in her brief order. “It does not explain why partial sealing, redaction or means other than sealing are unavailable or unsatisfactory, and it does not specify the duration of any proposed seal.”One of the conditions that a federal magistrate judge placed on Mr. Trump when he walked free from his arraignment this month was a provision prohibiting him from discussing the facts in his indictment with any witnesses in the case. The indictment accused Mr. Trump of willfully retaining 31 individual national security documents and obstructing the government’s repeated efforts to reclaim them.

Persons: Donald J, Trump, Judge Aileen M, Cannon, Jack Smith, ”, Mr Organizations: Southern District of, Mr Locations: Southern District, Southern District of Florida

Representatives for Hermes and Rothschild did not immediately respond to requests for comment on the decision. Hermes said in a filing in March that Rothschild continued to market his NFTs after the jury's verdict. Rothschild told the court that Hermes' request went "far beyond what is appropriate in a case, like this one, that involves artistic expression." Rakoff largely granted Hermes' request, but decided not to order Rothschild to transfer the tokens out of an "abundance of caution" for 1st Amendment concerns. The case is Hermes International v. Rothschild, U.S. District Court for the Southern District of New York, No.

Persons: Hermes, Mason Rothschild's, Birkin, Jed Rakoff, Rothschild's, Rakoff, Rothschild, Sonny Estival, Gerald Ferguson, Deborah Wilcox, Oren Warshavsky, Rhett Millsaps, Christopher Sprigman, Mark McKenna, Rebecca Tushnet, Lex Lumina, Jonathan Harris, Adam Oppenheim, Harris St, Laurent, Wechsler Read, Blake Brittain Organizations: Hermes, Constitution, . Rothschild, Southern, of, Baker, Hostetler, Thomson Locations: Manhattan, U.S, . Rothschild , U.S, of New York, Washington

Epstein had been a JPMorgan client from 1998 and 2013 when the bank terminated his accounts. Lawyers for the victims plan to seek up to 30% of the settlement amount for legal fees, court records show. The victims' lawyers also represented Epstein victims in a similar $75 million settlement with Deutsche Bank (DBKGn.DE), where Epstein was also a client. JPMorgan also faces a lawsuit over Epstein by the U.S. Virgin Islands, where Epstein owned two neighboring islands. The case is Doe 1 v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

Persons: Morgan Chase, Mike Segar, Jeffrey Epstein's, Epstein, Jan, Jed Rakoff, Jane Doe, JPMorgan, Rakoff preliminarily, Jes Staley, Staley, Jonathan Stempel, Jahnavi, Robert Birsel Organizations: Co, New York City, REUTERS, JPMorgan Chase's, U.S, JPMorgan, Deutsche Bank, Barclays, Reuters, U.S ., JPMorgan Chase Bank NA, Court, Southern District of, Thomson Locations: New York, U.S, Manhattan, U.S . Virgin Islands, Southern District, Southern District of New York, Bengaluru

NEW YORK, June 23 (Reuters) - Donald Trump will deposit $5.55 million with a federal court as security while the former U.S. president appeals a jury verdict that he sexually abused and defamed the writer E. Jean Carroll. Carroll would collect her $5 million if Trump's appeals, including potentially to the Supreme Court, were unsuccessful. Carroll's lawyers agreed to the $5.55 million deposit. She is also seeking punitive damages, after he repeated his denials in a CNN town hall one day after the jury verdict. The case is Carroll v Trump, U.S. District Court, Southern District of New York, No.

Persons: Donald Trump, Jean Carroll, Trump, District Judge Lewis Kaplan, Joseph Tacopina, Carroll, Tacopina, Jonathan Stempel, Daniel Wallis Organizations: YORK, Elle, District, Trump, CNN, Carroll, U.S, Court, Southern District of, Thomson Locations: Manhattan, U.S, Southern District, Southern District of New York, New York

☆ A law firm was fined $5,000 after one of its lawyers used ChatGPT to write a court brief riddled with fake case references
▼ + stars: | 2023-06-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A law firm was fined $5,000 after one of its lawyers used ChatGPT to write a court brief. Schwartz included references to a number of fake cases and opinions ChatGPT generated in an affirmation in opposition filed on March 1 this year, the court documents show. Although fellow Levidow, Levidow & Oberman attorney Peter LoDuca had signed and filed the affirmation in opposition, Schwartz said that he had been the one to research and write the brief. Castel, the judge, criticized Levidow, Levidow & Oberman for not "coming clean about their actions" quickly enough. Castel fined Levidow, Levidow & Oberman $5,000, and ordered the law firm to send letters to each judge falsely identified as an author of one of the fake opinions.

Persons: —, Steven Schwartz, Levidow, Schwartz, Peter LoDuca, Kevin Castel, ChatGPT, OpenAI, Castel, Oberman, Avianca Organizations: Service, New, Southern, of, LoDuca, & $ Locations: New York, of New York

When Judge Aileen M. Cannon assumed control of the case stemming from former President Donald J. Trump’s indictment for putting national security secrets at risk, she set the stage for the trial to be held with a regional jury pool made up mostly of counties that Mr. Trump won handily in his two previous campaigns. She signaled that the trial would take place in the federal courthouse where she normally sits, in Fort Pierce, at the northern end of the Southern District of Florida. The region that feeds potential jurors to that courthouse is made up of one swing county and four others that are ruby red in their political leanings and that Mr. Trump won by substantial margins in both 2016 and 2020. “For years, it’s been a very conservative venue for plaintiffs’ lawyers,” said John Morgan, a trial lawyer who founded a large personal injury firm. Describing the various counties that feed into Fort Pierce, he said, “It is solid, solid Trump country.”

Persons: Aileen M, Cannon, Donald J, Trump, Trump’s, it’s, ”, John Morgan Organizations: Southern, Southern District of Locations: Fort Pierce, Southern District, Southern District of Florida, Florida, Trump

☆ DeSantis sues Biden administration over education standards that control access to federal student loans, in early sign about his plans for colleges if he's elected president
▼ + stars: | 2023-06-22 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +7 min

Ron DeSantis of Florida is suing the Biden administration over a federal law requiring colleges and universities to get a quality stamp of approval from certain accrediting agencies. The association recently threatened Florida State University's accreditation when it was considering hiring Richard Corcoran, the state's former education commissioner, as its university president. Ron DeSantis signs a Florida education bill into law. 1 in higher education, largely because of its high graduation rates and low tuition. More broadly, Republicans have developed a hostile relationship with higher education institutions in recent years, viewing them as aligned with liberal policies and even decrying them as "Marxist."

Persons: DeSantis, Biden, —, Ron DeSantis, We're, they're, accreditors, Richard Corcoran, Ashley Moody, Moody, Douglas R, Clifford, Donald Trump Organizations: Service, Gov, Biden, US Department of Education, Hillsborough Community College, Southern Association of Colleges and Schools, Colleges, Department of Education, Florida State, University of Florida, United States, Court, Southern District of, White, Florida Gov, Tampa Bay Times, AP, US News, The Education Department, New College of Florida, Republicans Locations: Florida, Tampa , Florida, Texas, Virginia, Fort Lauderdale, Southern District, Southern District of Florida, Tampa, Sarasota

☆ Bankrupt SVB Financial still exploring options for venture capital arm
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

June 21 (Reuters) - Bankrupt SVB Financial Group said on Wednesday it is continuing to evaluate strategic alternatives for SVB Capital, its venture capital and credit investment arm, as well as other assets and investments. The disclosure comes days after the company agreed to sell its investment banking division, SVB Securities, to a group led by the segment's chief executive officer. SVB Financial had collapsed into bankruptcy after former unit Silicon Valley Bank's failure in March triggered the worst U.S. banking crisis in 15 years. A hearing to approve the sale of SVB Securities is scheduled for June 29 in the United States Bankruptcy Court for the Southern District of New York. The deal will close shortly thereafter, SVB Financial said.

Persons: Niket, Devika Organizations: SVB Financial, SVB Capital, SVB Securities, SVB, Citizens, Bank, Jitters, KBW, United States, Southern, of, Thomson Locations: U.S, backstop, of New York, Bengaluru

June 21 (Reuters) - A former Goldman Sachs (GS.N) banker was convicted of insider trading by a New York jury on Wednesday, after prosecutors said he passed tips about potential mergers to a friend. He was convicted on four counts of securities fraud, conspiracy and obstruction of justice. Goel took the stand in his own defense during the trial and denied that he shared confidential information about the transactions. The case was one of several U.S. Attorney Damien Williams announced last summer as part of an insider trading crackdown. The average sentence in federal fraud, theft and embezzlement cases in the U.S. last year was 22 months in prison.

Persons: Goldman Sachs, Brijesh Goel, Akshay Niranjan, Goel, Prosecutors, drugmaker, Goldman, Niranjan, Damien Williams, Jody Godoy, Jamie Freed Organizations: New, Spirit Airlines, Prosecutors, Court, Southern District of, Thomson Locations: New York, Manhattan, U.S, Southern District, Southern District of New York

June 20 (Reuters) - Former Goldman Sachs banker Brijesh Goel's trial on insider trading charges drew to a close on Tuesday, with his attorney saying he was framed by his friend and a prosecutor saying Goel had lied to a New York jury. Prosecutors agreed not to charge him in exchange for cooperation in the case, including secretly recording his conversations with Goel. Assistant U.S. Attorney Joshua Naftalis said recordings of Goel urging Niranjan to delete messages about the trades prove his guilt. A Goldman Sachs spokesperson has called Goel's alleged conduct "egregious" and said the bank is cooperating with authorities. The case was one of several U.S. Attorney Damien Williams announced last summer as part of an insider trading crackdown.

Persons: Goldman Sachs, Brijesh Goel's, Goel, Akshay Niranjan, drugmaker, Goldman, Joshua Naftalis, Niranjan, Reed Brodsky, Brodsky, Apollo, Damien Williams, Jody Godoy, Sonali Paul Organizations: Spirit Airlines Inc, Barclays, Prosecutors, Goel ., U.S, Apollo Global Management, Court, Southern District of, Thomson Locations: New York, U.S, Southern District, Southern District of New York

☆ Trump classified documents trial date set for Aug. 14
▼ + stars: | 2023-06-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Former U.S. President Trump appears on classified document charges after a federal indictment at Wilkie D. Ferguson Jr. United States Courthouse, alongside his attorney Chris Kise in Miami, Florida, U.S., June 13, 2023 in a courtroom sketch. A Florida federal judge on Tuesday scheduled the criminal trial of former President Donald Trump for his alleged illegal retention of classified government documents to begin Aug. 14. If the trial date holds, it would come just over a week before the first GOP presidential debate of the campaign. In the order Tuesday, Judge Aileen Cannon told Department of Justice prosecutors and lawyers for Trump to file all pretrial motions by July 24. Cannon also ordered that all hearings in the case, including the trial, will be held in U.S. District Court in Fort Pierce, Florida.

Persons: Trump, Wilkie D, Ferguson Jr, Chris Kise, Donald Trump, Aileen Cannon, Cannon Organizations: U.S, United, White, Justice, Trump, Southern District of Locations: Miami , Florida, U.S, Florida, Fort Pierce , Florida, Southern District of Florida

Gannett said this leaves Google with "exorbitant monopoly profits," and "dramatically less revenue" for publishers and its ad technology rivals. "Digital advertising is the lifeblood of the online economy," Gannett Chief Executive Mike Reed said in an opinion published in USA Today. Like many newspaper publishers, McLean, Virginia-based Gannett has struggled with falling ad revenue as more Americans, estimated at 86%, get news online. Gannett said digital advertising is a $200 billion business, up nearly eightfold since 2009, but newspaper ad revenue fell nearly 70% over that time. The case is Gannett Co v Google LLC et al, U.S. District Court, Southern District of New York, No.

Persons: Gannett, Mike Reed, Jonathan Stempel, Louise Heavens, Jonathan Oatis, Richard Chang Organizations: YORK, Gannett, U.S ., USA, Google, Alphabet Inc, European Union, U.S . Department of Justice, Gannett Co, Court, Southern District of, Thomson Locations: Manhattan, USA, View , California, U.S, Texas, McLean , Virginia, Southern District, Southern District of New York, New York

☆ Gannett sues Google over its alleged ad tech monopoly
▼ + stars: | 2023-06-20 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

USA Today publisher Gannett is suing Google for allegedly illegally monopolizing the advertising technology market, adding to an already extensive list of lawsuits against the company for alleged anticompetitive behavior. The publisher said that Google's broad control of the ad tech market has hurt news publishers, claiming that online readership has grown while online ad spending has decreased for publishers. That lawsuit similarly alleged Google illegally maintained a monopoly through its control of multiple parts of the ad selling and buying market. A group of attorneys general led by Texas also alleged anticompetitive practices over Google's ad tech products in a 2020 lawsuit. Publishers have many options to choose from when it comes to using advertising technology to monetize – in fact, Gannett uses dozens of competing ad services, including Google Ad Manager," Taylor said.

Persons: Gannett, Michael Reed, Dan Taylor, Taylor Organizations: USA, Gannett, Google, of, Department of Justice, Publishers, CNBC, YouTube, Big Tech Locations: Southern, of New York, Texas

☆ Medtech firm Surgalign files for Chapter 11 bankruptcy
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: 1 min

June 19 (Reuters) - Beleagured U.S. medical technology company Surgalign Holdings (SRGA.O) filed for a voluntary Chapter 11 bankruptcy on Monday. Surgalign filed for the bankruptcy with estimated assets and liabilities in the range of $50 million to $100 million in the Bankruptcy Court for the Southern District of Texas. The Deerfield, Illinois-based company said in March that it had reduced its workforce by about 20% and cut non-essential spending, and realigned resources. In November last year, the company approved a corporate restructuring plan, which included discontinuing some of its lower-performing units as well as intending to continue its brand and product rationalization programs. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Surgalign, Rishabh, Rashmi Organizations: Surgalign Holdings, Southern, Southern District of Texas, Thomson Locations: Southern District, The Deerfield , Illinois, Bengaluru

☆ Drugmakers aim to strike down Medicare drug-price negotiations at Supreme Court
▼ + stars: | 2023-06-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +10 min

And Bristol Myers Squibb is trying protect its blood thinner Eliquis, which brought in $11.8 billion in sales last year, or about 25% of the company's $46 billion total revenue for 2022. Long legal battle aheadMerck, the chamber and Bristol Myers Squibb filed their lawsuits ahead of two key deadlines. Bristol Myers Squibb did not either. If circuit court decisions on the matter contradict one another, the Supreme Court would step in to decide the issue, Bagby said. Bristol Myers Squibb made an identical argument in its complaint.

Persons: Richard A, Gonzalez, Pascal Soriot, Giovanni Caforio, Jennifer Taubert, Johnson, Kenneth C, Frazier, Albert Bourla, Olivier Brandicourt, Win Mcnamee, Drugmaker Merck, Drugmaker, Bristol Myers Squibb, PhRMA, Eli Lilly, Merck, Bristol Myers, Robin Feldman, Nicholas Bagley, Bagley, Gretchen Whitmer, Chris Meekins, Raymond James, Antonin Scalia, Brett Kavanaugh, Neil Gorsuch, Meekins, Long, Xavier Becerra, Randolph Daniel Moss, Barack Obama, Judge Thomas M, Rose, George W, Bush, Kelly Bagby, Bagby, Amgen, Donald Trump, Karine Jean, Pierre, Biden, Jean, we'll, Becerra, Feldman Organizations: Senate, AbbVie Inc, AstraZeneca, Myers Squibb Co, Janssen Pharmaceuticals, Johnson, Merck & Co, Inc, Pfizer, Sanofi, Getty, U.S . Chamber of Commerce, Bristol Myers Squibb, Washington , D.C, Southern, Southern District of, Democratic Party, U.S, Merck, Bristol, Pharmaceutical Research, Manufacturers of America, CNBC, Medicare, University of California College of, Justice Department, Michigan Gov, Bristol Myers, Human Services, Centers, Services, AARP Foundation, HHS, AARP, Specialty Pharmacy, Reuters, Supreme, Appeals, Democratic, U.S . Sixth, Republican, Third, White Locations: America, Washington , DC, Bristol, U.S, Washington ,, Southern District, Southern District of Ohio, New Jersey, Commerce's Dayton , Ohio, San Francisco

☆ Gannett Sues Google, Accusing It of Dominating the Ad Market
▼ + stars: | 2023-06-20 | by ( Katie Robertson | ) www.nytimes.com time to read: +1 min

Gannett, the country’s largest newspaper chain, filed a lawsuit on Tuesday against Google, accusing the tech giant of violating federal antitrust laws by illegally abusing a monopoly over the technology used by publishers to buy and sell online ads. In the complaint, filed in U.S. District Court in the Southern District of New York against Google and its parent company, Alphabet, Gannett argued that Google’s dominance over the digital ad market has greatly cut into potential revenue for those publishers. The complaint said that while the online ad market was worth $200 billion a year, news publishers have seen a nearly 70 percent decrease in advertising revenue since 2009, which has diminished journalism jobs and sent many newspapers out of business. “Google controls how publishers sell their ad slots, and it forces publishers to sell growing shares of that ad space to Google at depressed prices,” the complaint said. “The result is dramatically less revenue for publishers and Google’s ad-tech rivals, while Google enjoys exorbitant monopoly profits.”

Persons: ” Organizations: Gannett, Google, of Locations: U.S, Southern, of New York

NEW YORK, June 16 (Reuters) - A U.S. judge on Friday granted preliminary approval to Deutsche Bank's (DBKGn.DE) $75 million settlement with victims of Jeffrey Epstein who accused the bank of facilitating the late financier's sex trafficking. Lawyers for Epstein's accusers and Deutsche Bank reached the settlement last month. The lawsuit was led by a victim known as Jane Doe 1, who said Epstein sexually abused her from 2003 to 2018 and accused Deutsche Bank of missing red flags of his abuses. Epstein had been a Deutsche Bank client from 2013 to 2018, after being a JPMorgan Chase (JPM.N) client for 15 years. The case is Doe 1 v Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No.

Persons: Jeffrey Epstein, Jed Rakoff, Epstein, Rakoff, Jane Doe, Jonathan Stempel, Leslie Adler, Daniel Wallis Organizations: YORK, Deutsche, Deutsche Bank, JPMorgan Chase, JPMorgan, Monday, U.S ., U.S, Virgin Islands, Deutsche Bank AG, Court, Southern District of, Thomson Locations: U.S, Manhattan, U.S . Virgin Islands, Southern District, Southern District of New York, New York

U.S. District Judge Jed Rakoff in Manhattan on Friday denied "in its entirety" the U.S. Virgin Islands' request to again have Dimon and another JPMorgan employee testify under oath. The territory, where Epstein owned two neighboring islands, is seeking damages from JPMorgan for allegedly ignoring Epstein's sexual abuses and letting him set up a sex trafficking operation there. Epstein was a JPMorgan client from 1998 until the bank terminated him in 2013. Dimon said he did not recall discussing Epstein's accounts at the time, and had barely heard of Epstein until his July 2019 arrest. The case is U.S. Virgin Islands v. JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

Persons: Jamie Dimon, JPMorgan Chase, Jeffrey Epstein, Jed Rakoff, Epstein, U.S . Virgin Islands, Jeffrey, Dimon, Jes Staley, Staley, Jonathan Stempel, Jonathan Oatis Organizations: YORK, JPMorgan, U.S . Virgin, U.S, Barclays, Virgin, JPMorgan Chase Bank NA, Court, Southern District of, Thomson Locations: U.S, Manhattan, Southern District, Southern District of New York, New York

June 15 (Reuters) - A U.S. judge considered whether the digital assets created by Terraform Labs were securities at a hearing on Thursday, a question central to the U.S. Securities and Exchange Commission’s fraud case against the company and its founder Do Kwon. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year. According to the SEC's complaint, Terraform Labs and Kwon misled investors about the stability of UST, and claimed that the firm's crypto tokens would increase in value. Terraform Labs and Kwon argue the case should be dismissed because its digital assets do not fit the definition of securities and the SEC lacks authority over the industry. The case is SEC v. Terraform Labs Pte Ltd. et al., No.

Persons: Kwon, Jed Rakoff, TerraUSD, Rakoff, shouldn’t, ”, “ We’re, Devon Staren, Jody Godoy, Lincoln Organizations: Terraform Labs, U.S . Securities, Exchange, U.S, U.S ., UST, SEC, Court, Southern District of, Thomson Locations: U.S, Manhattan, TerraUSD, Southern District, Southern District of New York, New York

NEW YORK, June 15 (Reuters) - JPMorgan Chase (JPM.N) urged a federal judge to reject the U.S. Virgin Islands' demand that Chief Executive Jamie Dimon sit for a second deposition for its lawsuit about the bank's long relationship with Jeffrey Epstein. JPMorgan also said messages between Epstein and former bank executive Jes Staley, where Epstein name-dropped people like billionaires Bill Gates and Leon Black and former Israeli Prime Minister Ehud Barak, did not justify more questioning of Dimon about alleged "Epstein referrals" of prospective customers. A spokesman for the U.S. Virgin Islands had no comment on the letter to U.S. District Judge Jed Rakoff in Manhattan. The U.S. Virgin Islands, where Epstein owned two neighboring islands, is suing JPMorgan for allegedly enabling Epstein to set up a sex trafficking operation there. The case is U.S. Virgin Islands v. JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

Persons: JPMorgan Chase, Jamie Dimon, Jeffrey Epstein, Dimon, Epstein, Jes Staley, Bill Gates, Leon Black, Ehud Barak, Jed Rakoff, Staley, Jonathan Stempel, Deepa Babington Organizations: YORK, JPMorgan, U.S . Virgin, U.S . Virgin Islands, The U.S ., U.S ., Virgin, JPMorgan Chase Bank NA, U.S, Court, Southern District of, Thomson Locations: U.S, Manhattan, The U.S, The U.S . Virgin Islands, U.S . Virgin, Southern District, Southern District of New York, New York

NEW YORK, June 15 (Reuters) - A federal judge on Thursday scheduled the writer E. Jean Carroll's second defamation trial against former U.S. President Donald Trump for next January. Last month, a Manhattan jury ordered Trump to pay Carroll $5 million for defamation and sexual assault in a separate lawsuit, after he made a similar denial in October 2022. On Tuesday, Judge Kaplan allowed Carroll to amend her lawsuit over Trump's 2019 comments to include similar comments he made recently on CNN. In a town hall the day after the $5 million verdict, Trump called Carroll's account "fake" and labeled her a "whack job." The case is Carroll v. Trump, U.S. District Court, Southern District of New York, No.

Persons: Jean Carroll's, Donald Trump, District Judge Lewis Kaplan, Trump, Roberta Kaplan, Carroll, Goodman, Judge Kaplan, Jonathan Stempel, Jonathan Oatis Organizations: YORK, U.S, District, Elle, Trump, CNN, Court, Southern District of, Thomson Locations: Manhattan, Florida, Manhattan's, Southern District, Southern District of New York, New York

June 15 (Reuters) - The U.S. Senate on Thursday narrowly confirmed civil rights lawyer Nusrat Choudhury to the U.S. District Court for the Eastern District of New York, making her the first Bangladeshi-American and female Muslim federal judge in the United States. Choudhury, the legal director of the American Civil Liberties Union (ACLU) of Illinois, was confirmed on a 50-49 vote. She will also be the first Bangladeshi-American federal judge. Biden also appointed the first Muslim judge in U.S. history, U.S. District Judge Zahid Quraishi. The Senate confirmed him to the New Jersey federal trial court in 2021.

Persons: Nusrat Choudhury, Choudhury, Joe Biden, Chuck Schumer, litigator, Biden, Zahid Quraishi, Jacqueline Thomsen, David Bario, Aurora Ellis Organizations: U.S, Senate, Eastern, of, American Civil Liberties Union, ACLU, Top, Republicans, Princeton University, Southern District of, Appeals, Thomson Locations: of New York, United States, Illinois, Southern District, Southern District of New York, New York , Connecticut, Vermont, New Jersey, Washington

Search resuls for: "Southern District of"

25 mentions found