DIRS.INFO The most relevant business & tech news

☆ Special counsel Jack Smith urged Americans to read Trump's indictment to understand 'the gravity of the crimes charged'
▼ + stars: | 2023-06-09 | by ( Sarah Gray | ) www.businessinsider.com time to read: +2 min

Special counsel Jack Smith briefly addressed the stunning 37-count indictment against Donald Trump. Smith urged Americans to read the indictment "to understand the scope and the gravity of the crimes charged." He said that the DOJ will pursue a speedy trial. Smith urged Americans to read the more than 40-page indictment — which included counts related to the Espionage Act and obstruction of justice — "to understand the scope and the gravity of the crimes charged." Trump has been attacking Smith on his social media platform Truth Social and has denied any wrongdoing.

Persons: Jack Smith, Donald Trump . Smith, Trump, —, Donald Trump's, unsealing, Smith Organizations: DOJ, Service, Mar, Department, Justice, Southern District of Locations: Lago, United States, Southern District, Southern District of Florida

REUTERS/Kim Hong-JiNEW YORK, June 6 (Reuters) - New York City on Tuesday sued Hyundai Motor Co (005380.KS) and Kia Corp (000270.KS), accusing the South Korean automakers of negligence and creating a public nuisance by selling vehicles that are too easy to steal. The most populous U.S. city joined several other major cities that have sued Hyundai and Kia over the thefts, including Baltimore, Cleveland, Milwaukee, San Diego and Seattle. In contrast, the city said thefts of BMW, Ford, Honda, Mercedes, Nissan and Toyota vehicles have fallen this year. Last month, Hyundai and Kia reached a $200 million settlement of a consumer class action over the thefts. The case is City of New York v Hyundai Motor America et al, U.S. District Court, Southern District of New York, No.

Persons: Kim Hong, Hyundais, Kias, Kia, Jonathan Stempel, Chris Reese, Jamie Freed Organizations: Hyundai Motors, REUTERS, Tuesday, Hyundai Motor, Kia Corp, South Korean, Hyundai, Kia, BMW, Ford, Honda, Nissan, Toyota, Court, Southern District of, Thomson Locations: Seoul, South Korea, New York City, U.S, Baltimore, Cleveland, Milwaukee, San Diego, Seattle, Manhattan, New York, of New York, Southern District, Southern District of New York

☆ 'Public nuisance': New York sues Hyundai and Kia, alleging their cars are easy to steal
▼ + stars: | 2023-06-07 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

Hyundai Motor Co. vehicles are displayed at the company's Motorstudio showroom in Goyang, South Korea, on Thursday, Oct. 22, 2020. South Korean automakers Hyundai and Kia are being sued for causing a "public nuisance," according to a complaint filed in Manhattan federal court. A viral TikTok challenge started in 2021 and spurred a rise in thefts of Hyundai and Kia cars. New York accused the two companies of enabling "this spiraling epidemic" of car thefts. "Making sure cars are not easy to steal protects both property and the public by keeping dangerous drivers in stolen vehicles off the roads," it said.

Organizations: Hyundai, Co, South Korean, Kia, Chicago, CNBC, of, National, Traffic, Administration Locations: Goyang, South Korea, Manhattan, New York City, Angeles, U.S, Southern, of New York . New York

The lawsuit is the SEC's second in two days against a major crypto exchange, following its case against Binance, the world's largest cryptocurrency exchange, and founder Changpeng Zhao. Crypto companies including Coinbase have said SEC rules are unclear, and the regulator is overreaching by asserting oversight of their industry. Coinbase customers pulled more than $57 million from the exchange within a couple of hours of the filing, according to data firm Nansen. The SEC said Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon. The case is SEC v Coinbase Inc et al, U.S. District Court, Southern District of New York, No.

Persons: Coinbase, Binance, Changpeng Zhao, Gary Gensler's, Gensler, Paul Grewal, Coinbase's, Nansen, Dado Ruvic, Gurbir Grewal, Kristin Smith, Jonathan Stempel, Hannah Lang, Michelle Price, Manya, Jason Neely, Louise Heavens, Chizu Nomiyama, Nick Zieminski Organizations: YORK, U.S . Securities, Exchange Commission, SEC, CNBC, Global Inc, Reuters Graphics, REUTERS, Coinbase, New, Blockchain Association, Court, Southern District of, Manya Saini, Thomson Locations: U.S, California, Manhattan, Solana, Cardano, New Jersey, Southern District, Southern District of New York, New York, Washington ,, Bengaluru

☆ Justice Dept. Reaches Cleanup Deal With Houston After Civil Rights Inquiry
▼ + stars: | 2023-06-06 | by ( Glenn Thrush | ) www.nytimes.com time to read: +1 min

The Justice Department has reached an agreement with the City of Houston to improve trash removal and environmental monitoring after an investigation into the widespread dumping of garbage, including human bodies, in predominantly Black and Latino neighborhoods. The pact, announced on Tuesday, was the result of a yearlong inquiry by the department’s civil rights division into dozens of complaints from residents. It includes a commitment by Mayor Sylvester Turner to fund cleanup projects, under the supervision of federal officials for three years. The agreement, which followed weeks of negotiation between department officials and municipal leaders in Houston, is part of the Biden administration’s larger environmental justice agenda, which seeks to redress the disproportional impact of waste, air and water pollution on communities of color around the country. “No one should have to live next to discarded tires, bags of trash, rotting carcasses, infected soils and contaminated groundwater, all caused by illegal dumping,” Alamdar S. Hamdani, the U.S. attorney for the Southern District of Texas, said on Tuesday during a news conference in Houston.

Persons: Sylvester Turner Organizations: Department, City, Biden, Southern, Southern District of Locations: Houston, Black, U.S, Southern District, Southern District of Texas

☆ The SEC charges Coinbase with violating securities regulations
▼ + stars: | 2023-06-06 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

The SEC on Tuesday sued Coinbase, the largest US crypto exchange, with violating securities laws. The lawsuit comes one day after the SEC sued Binance and CEO, Changpeng Zhao for operating an illegal exchange and violating US regulations related to the offering of unregistered securities. The suit also takes aim at two other Coinbase services, Coinbase Prime and Coinbase Wallet. The SEC complaint says that these services included trading of crypto assets that are considered securities, "bringing Coinbase's operations squarely within the purview of the securities laws." Read the full SEC lawsuit here.

Persons: Coinbase, Binance, Changpeng Zhao, — Organizations: SEC, Service, Court Southern District of, Coinbase, Sigma, Binance's, Sigma Chain Locations: Court Southern District of New York

☆ Charlie Javice, the founder of student loan assistance company Frank, appears in court over allegations she bought or invented email addresses to claim millions of users
▼ + stars: | 2023-06-06 | by ( ) www.businessinsider.com time to read: +4 min

Javice is accused of inflating the number Frank's users before she sold it to JPMorgan Chase. The charges represented a significant fall for one of the much-lauded young fintech founders. But within a year of selling Frank to JPMorgan Chase, the bank cried foul, claiming that the number of users had been wildly inflated. The complaint alleges that Javice bought names and email addresses from third parties and then represented them as Frank customers. Fergenson explained that Javice had made JPMorgan Chase, "believe that Frank had been an extremely successful start up."

Persons: Charlie Javice, Frank, Javice, JPMorgan Chase, Jarvis, Micah F, Fergenson, octogenarian, Alvin K, Morgan Chase, Judge Hellerstein, Alex Spiro Organizations: JPMorgan, Manhattan, Frank's, Forbes, U.S, Southern, of, Securities and Exchange Commission Locations: of New York

☆ A Carnival cruise passenger was arrested by the FBI for sexually abusing his 9-year-old daughter
▼ + stars: | 2023-06-05 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

A Carnival cruise passenger was arrested by the FBI for sexually abusing his daughter. Justin Sigmon was recorded touching his daughter by a passenger and the ship's CCTV. The Federal Bureau of Investigations has arrested a Carnival cruise passenger for sexually abusing his nine-year-old daughter, according to a criminal complaint filed in the Southern District of Florida. On May 26, a passenger recorded Sigmon touching his daughter's thighs, and eventually moved towards her "private area," according to the complaint. According to the passenger, Sigmon covered his crotch with his hands after his daughter had moved away from him.

Persons: Justin Sigmon, Sigmon, Markenzy Lapointe Organizations: FBI, Federal Bureau of Investigations, Southern District of, US, Office Locations: Southern District, Southern District of Florida, Miami, Bahamas, Franklin

☆ Insider Interview: James Comey explains the rule-bending feds in his new and 'real' mystery novel
▼ + stars: | 2023-06-03 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +15 min

Insider: Let's talk about Benny Dugan, the salty, streetwise investigator who works with prosecutors for the Southern District of New York. And I would say, "What makes you think I'm a good person?" Insider: Correct me if I'm wrong, but don't all the good people get bought up by the end of the book? There are at least 57 FBIs — a New York FBI, a Saint Louis FBI, headquarters, the Washington Field Office. I don't think we've grappled with the implications of that, and whether it fits within our normal Fourth Amendment framework.

Persons: James Comey's, Benny Dugan, Dugan, Smith, —, — relents, Donald Trump, Trump, Comey, Hillary Clinton, Steele, wasn't Comey, Long, Kenneth McCabe, Benny, Kenny, Nora, I've, John le Carré, that's shortsighted, Matt Parker, James Comey, I'm, You've, Martin Scorsese, they've, Mattathias Schwartz Organizations: Wesson, Trump —, FBI, Southern, of, Justice Department, Twitter, US, CIA, New York FBI, Saint Louis FBI, Washington Field Office, State Department, Justice, New Yorker Mafia, La Cosa Nostra, Cosa Nostra, FISA Locations: of New York, Washington, Brooklyn, New York, Manhattan

☆ Somehow 32 school districts in Mississippi are still under federal orders to desegregate
▼ + stars: | 2023-06-03 | by ( Michael Goldberg | Associated Press | ) www.businessinsider.com time to read: +6 min

But 69 years later, 32 school districts in Mississippi are still under federal desegregation orders. (AP) — There are 32 school districts in Mississippi still under federal desegregation orders, the US Department of Justice's Civil Rights Division's assistant attorney general said Thursday. "In our ongoing efforts to fulfill the promise of Brown vs. Board of Education, we currently have 32 open cases with school districts here in Mississippi," Clarke said. In addition to school districts, Clarke said at least five Mississippi jails and prisons have come under federal scrutiny. Clarke declined to offer more details about the case, citing an ongoing federal civil rights investigation.

Persons: Brown, —, Kristen Clarke, Clarke, Rogelio V, Solis Mississippi, Michael Corey Jenkins, Jill Collen Jefferson, JULIAN, Bonita Streeter, Mitzi Dease Paige, Solis, Jefferson Organizations: Service, US Department of Justice's, US Department of Justice's Civil Rights, Justice Department, of Education, Holmes, Community, Justice Department's Civil Rights Division, AP, The Justice Department, Mississippi Delta, Penitentiary, South Mississippi Correctional Institution, Central Mississippi Correctional Facility, Correctional, Sheriff's Deputies, Southern, Southern District of, Solis An Associated Press, Lexington Police Department, The, Department, FBI Locations: Mississippi, LEXINGTON, Miss, Lexington, Jackson, Parchman, Wilkinson, Hinds, Rankin, Southern District, Southern District of Mississippi, Solis An

☆ Man behind guns in Haitian president's assassination sentenced to life in prison
▼ + stars: | 2023-06-02 | by ( Kanishka Singh | Thomson Reuters | Kanishka Singh Is A Breaking News Reporter For Reuters In Washington Dc | ) www.reuters.com time to read: +2 min

Jaar signed a plea statement in March, which said he provided personnel and funds to kidnap Moise, but the initial plan later turned into a murder plot. Some of the funds were used to buy weapons and pay bribes for the president's security detail, the statement said. Jaar was sentenced on Friday by Southern District of Florida Judge Jose Martinez. Jaar met with the co-conspirators the night before the assassination, according to the plea statement, at which time Haitian-American James Solages stated the aim was to kill Moise. Reporting by Kanishka Singh in Washington; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Jovenel Moise, Rodolphe Jaar, Moise, Jaar, Southern District of Florida Judge Jose Martinez, James Solages, Joseph Joel John, Joseph Vincent, German Rivera, Antonio Intriago, Kanishka Singh, Grant McCool Organizations: Southern District of, Southern District of Florida Judge, U.S . Department of, Thomson Locations: Chilean, U.S, Florida, Caribbean, Southern District of Florida, Haitian, Colombian, Venezuelan, Miami, Dominican Republic, Washington

☆ Sudanese forces clash in Khartoum after talks break down
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +4 min

AID SUPPLIES LOOTEDOutside Khartoum, the worst fighting has been in the Darfur region, where a civil war has simmered since 2003, killing around 300,000 people. The U.N.'s World Food Programme and its refugee agency UNHCR said continued looting was disrupting their efforts to help Sudanese, calling on all parties to respect humanitarian work. The UNHCR said two of its offices in Khartoum were pillaged and its warehouse in El Obeid was targeted on Thursday. With the ceasefire talks off, Khartoum residents are bracing for further problems. It's like they're alternating forms of torture," said Omer Ibrahim, who lives in a district of Omdurman that has seen little fighting.

Persons: Din Abdalrahman, Mohamed Abdallah Idris, Omar al, Bashir, Abdel, Fattah, Burhan, Mohamed Hamdan Dagalo, Hemdti, El Obeid, Omer Ibrahim, Nafisa Eltahir, Khalid Abdelaziz, Angus McDowall, Mark Heinrich Our Organizations: Rapid Support Forces, UNHCR, Thomson Locations: KHARTOUM, U.S, Khartoum, Omdurman, Sudan, The U.S, Saudi Arabia, Washington, Darfur, West Darfur, Chad, El, Cairo, Dubai

NEW YORK, June 1 (Reuters) - Elon Musk is being accused of insider trading in a proposed class action by investors accusing the Tesla Inc (TSLA.O) CEO of manipulating the cryptocurrency Dogecoin, costing them billions of dollars. A "deliberate course of carnival barking, market manipulation and insider trading" enabled Musk to defraud investors, promote himself and his companies, the filing said. The investors' lawyer did not immediately respond to a separate request. They included their latest accusations in a proposed third amended complaint, in a lawsuit that began last June. The case is Johnson et al v. Musk et al, U.S. District Court, Southern District of New York, No.

Persons: Elon Musk, Musk, influencers, Dogecoin's Shiba, Alex Spiro, Tesla, Alvin Hellerstein, Johnson, Jonathan Stempel, Marguerita Choy Organizations: YORK, Tesla Inc, Investors, Twitter, Forbes, Court, Southern District of, Thomson Locations: Manhattan, Dogecoin, U.S, Southern District, Southern District of New York, New York

☆ Lawyer apologizes for fake court citations from ChatGPT
▼ + stars: | 2023-05-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —The meteoric rise of ChatGPT is shaking up multiple industries – including law, as one attorney recently found out. Steven Schwartz, an attorney with Levidow, Levidow & Oberman and licensed in New York for over three decades, handled Mata’s representation. Schwart’s affidavit Wednesday contained screenshots of the attorney appearing to confirm the authenticity of the case with ChatGPT. “is varghese a real case,” Schwartz asked the chatbot. 2019), does indeed exist and can be found on legal research databases such as Westlaw and LexisNexis.

Gemini Trust Co's request was filed in Manhattan federal court, in response to the SEC's Jan. 12 civil lawsuit against the exchange and the cryptocurrency lender Genesis Global Capital LLC, a unit of Digital Currency Group. The SEC had sued over Gemini Earn, which let customers lend crypto assets such as bitcoin to Genesis, with Gemini taking an agent fee as high as 4.29%. The SEC said Genesis held $900 million of assets from about 340,000 Gemini Earn customers. Gemini and Genesis were accused by the regulator of having bypassed disclosure requirements meant to protect investors. The case is SEC v Gemini Trust Co et al, U.S. District Court, Southern District of New York, No.

NEW YORK, May 22 (Reuters) - A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC Holdings Plc (HSBA.L) and Bank of Nova Scotia (BNS.TO) of conspiring to fix silver prices. U.S. District Judge Valerie Caproni in Manhattan said the investors lacked legal standing to pursue federal antitrust claims under the Sherman Act, or claims under the federal Commodity Exchange Act. Investors had accused HSBC, Scotiabank and Deutsche Bank AG (DBKGn.DE) of manipulating silver prices from 2007 to 2013, saying they had "smoking gun" evidence of a price-fixing conspiracy among those banks and several other silver market makers. The judge also said the investors were not "efficient enforcers" of their private antitrust claims, unlike people who might have sold silver at the Fix price. The cases is In re London Silver Fixing Ltd Antitrust Litigation, U.S. District Court, Southern District of New York, No.

Companies JPMorgan Chase & Co FollowNEW YORK, May 18 (Reuters) - The young entrepreneur Charlie Javice has been indicted on charges of defrauding JPMorgan Chase & Co (JPM.N), the largest U.S. bank, into buying her now-shuttered college financial aid startup Frank. A four-count grand jury indictment made public on Thursday in Manhattan federal court charges Javice with securities fraud, wire fraud, bank fraud and conspiracy. In connection with that, prosecutors were granted more time to have Javice indicted by a grand jury. JPMorgan separately sued Javice and former Frank chief growth officer Olivier Amar in December in Delaware federal court for fraud, saying they inflated Frank's customer base to induce the bank's purchase. Javice countersued JPMorgan, saying it owes millions of dollars after firing her "without valid cause" in November.

☆ Deutsche Bank to pay $75 mln to settle lawsuit by Epstein accusers
▼ + stars: | 2023-05-18 | by ( ) edition.cnn.com time to read: +3 min

Deutsche Bank AG has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking. Epstein had been a Deutsche Bank client from 2013 to 2018. The Deutsche Bank case was led by an unidentified plaintiff, known as Jane Doe 1, who said Epstein sexually abused her from 2003 to 2018. Last September, Deutsche Bank agreed to pay $26.25 million to settle a US shareholder lawsuit accusing the bank of lax oversight while doing business with risky, ultra-rich clients like Epstein. The case is Jane Doe 1 v Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No.

Companies Norfolk Southern Corp FollowNEW YORK, May 16 (Reuters) - Norfolk Southern Corp (NSC.N) was sued on Tuesday by bondholders who said they lost hundreds of millions of dollars because the railroad concealed safety risks prior to the February derailment in Ohio of a train carrying hazardous chemicals. A Norfolk Southern spokesman declined to comment, saying the Atlanta-based company does not discuss pending litigation. Norfolk Southern faced many lawsuits over the derailment in East Palestine, Ohio, including cases brought by Ohio's attorney general, local residents and shareholders. There are nearly 30 defendants, including Norfolk Southern executives and directors and 12 financial services companies that underwrote the bonds. The case is Ohio Carpenters Pension Fund et al v Norfolk Southern Corp et al, U.S. District Court, Southern District of New York, No.

Wells Fargo has operated since 2018 under consent orders from the Federal Reserve and two other financial regulators requiring that it improve governance and oversight. The San Francisco-based bank denied wrongdoing, and settled to eliminate the burden and cost of litigation, court papers show. "While we disagree with the allegations in this case, we are pleased to have resolved this matter," Wells Fargo said in a statement on Tuesday. Wells Fargo has since 2016 paid or set aside several billion dollars to resolve regulatory probes and litigation over its business practices. The case is In re Wells Fargo & Co Securities Litigation, U.S. District Court, Southern District of New York, No.

☆ Rudy Giuliani was helping Noelle Dunphy in a brutal legal fight with her 'abusive' ex when he abused her himself: court docs
▼ + stars: | 2023-05-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Noelle Dunphy says she agreed to work for Giuliani when he promised a $1 million salary and free legal help. At the time, Dunphy was embroiled in a messy court battle with a wealthy, "abusive" ex, court papers state. "Rather, Ms. Dunphy would come to understand that Giuliani was aroused by discussing her sexual history and violent relationships. But Giuliani was slinging insults at her on Twitter and had revealed her true name in connection with the case, Dunphy alleged. Giuliani took advantage of Dunphy's legal troubles, her lawsuit allegesFar from helping Dunphy with her legal morass, Giuliani "abused his position as Ms. Dunphy's lawyer to pressure her into sex," her lawsuit claims.

☆ Sweden's SAS receives US court approval for equity bid
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

May 15 (Reuters) - Sweden's SAS AB (SAS.ST) said on Monday the U.S. Bankruptcy Court for the Southern District of New York has approved equity solicitation procedures which will allow the airline to secure available terms and conditions for new equity capital. The final deadline for potential investors to bid will take place in approximately 13 weeks, the company said. "We will conduct a competitive and broad solicitation process to secure equity capital that will help drive our airline forward and facilitate our emergence from the Chapter 11 process," Anko van der Werff, president and chief executive officer of SAS said. Last month, the Scandinavian airline had initiated steps to raise equity and bids as part of its ongoing Chapter 11 bankruptcy proceedings in the United States. The airline earlier said the final sum would depend on the bidding process and generation of additional liquidity by the airline.

The Bronx resident said that by February, after a year of two PediaSure drinks per day, her grandson was still short for his age and had become "so overweight" that she stopped buying the drinks. Noriega dismissed PediaSure as "just a flavored sugar and milk-based drink that contains vitamins, which is not a cure for shortness." She said also that Abbott "knows from its own studies that its Clinically Proven Claim is false and misleading." PediaSure is part of the Abbott Park, Illinois-based company's pediatric nutritional segment, which also includes Pedialyte and Similac. The case is Noriega v Abbott Laboratories, U.S. District Court, Southern District of New York, No.

☆ British chemicals producer Venator files for U.S. Chapter 11 protection
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: 1 min

May 14 (Reuters) - British chemicals producer Venator Materials Plc (VNTR.N) filed for Chapter 11 bankruptcy protection in the United States, the company said in a court filing late on Sunday. Venator has estimated both assets and liabilities in the range of $1 billion to $10 billion, according to a filing in the U.S. Bankruptcy Court for the Southern District of Texas. Venator undertook a strategic review of its business earlier this year in an attempt to strengthen its liquidity after one of its top investors, J&T MS 1 SICAV, criticised the British company's poor financial performance. Reporting by Nilutpal Timsina in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Vice Media files for Chapter 11 bankruptcy protection
▼ + stars: | 2023-05-15 | by ( Hanna Ziady | ) edition.cnn.com time to read: +1 min

London CNN —Vice Media filed for Chapter 11 bankruptcy protection Monday to facilitate a sale of the company, according to court documents and a statement from the struggling media group. The company, which publishes websites such as Vice, Motherboard, made the filing in the Southern District of New York. The sale process would allow other parties to submit “higher or better bids” for the company, it added. “This accelerated court-supervised sale process will strengthen the company and position Vice for long-term growth,” said co-chief executive officers Bruce Dixon and Hozefa Lokhandwala. News of the proposed sale comes weeks after the company announced a major restructuring, canceling its popular program “Vice News Tonight” and cutting dozens of jobs.

Search resuls for: "Southern District of"

25 mentions found