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☆ Boies, co-counsel move to grab control of all private FTX cases
▼ + stars: | 2023-02-13 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Judicial Panel on Multidistrict Litigation, that the judge overseeing their Miami cases, U.S. District Judge Michael Moore, has already proven in their brand ambassador cases that he can steer FTX cases quickly and efficiently. Not everyone pursuing claims on behalf of FTX customers agrees with Boies and Moskowitz. (To be clear, these private cases are different from cases that could be brought by a court-appointed receiver or trustee in FTX’s Chapter 11 bankruptcy.) If the cases go to California, the California slate is a likelier candidate. It will be a few months before any ruling on the Boies and Moskowitz consolidation petition.

☆ Police release footage of assailant striking Pelosi's husband
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

In the body cam footage, two police officers knock on the door at the Pelosis' home. When the door opens, Pelosi and DePape can both be seen clutching a large hammer. DePape tells police officers that, "Everything's good," at which point the officers instruct him to drop the hammer. DePape then appears to tear the hammer fully away from Pelosi, who is in sleep wear, before striking Pelosi with a powerful overhand blow. Reporting by Gram Slattery; Editing by Richard Cowan and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

But many are delaying IPOs amid a stock market rout that has raised concerns over frothy tech valuations. In a statement to Reuters, Snapdeal said it has decided to withdraw the IPO prospectus "considering the prevailing market conditions", without elaborating. It adding that Snapdeal may reconsider an IPO in future depending on its need for capital and market conditions. The change of Snapdeal's plans comes as tech stocks in India that listed in recent years face investors' wrath. In August, TPG and Prosus-funded Indian online pharmcy PharmEasy withdrew papers for its $760 million IPO, while Warburg Pincus-backed seller of wireless earphones, boAT Lifestyle, also withdrew its papers in October.

☆ Kim Kardashian and other celebrities beat crypto investors’ lawsuit
▼ + stars: | 2022-12-08 | by ( ) edition.cnn.com time to read: +2 min

The lawsuit filed in January claims EthereumMax executives schemed with celebrity promoters to induce investors to buy the EMax token, driving up its price and allowing them to sell their own tokens at a profit. US District Judge Michael Fitzgerald in Los Angeles said that the investors may amend and refile their proposed class action. In Wednesday’s ruling, Fitzgerald said that investors had failed to show that the executives and promoters schemed to mislead investors, rather than acting in their own self-interest. The investors’ fraud claims failed because they had not stated whether or when they saw the promotions, the judge wrote. Kardashian agreed in October to pay the SEC $1.26 million to settle claims that she failed to disclose she was paid to promote EthereumMax tokens.

☆ A judge dismissed a crypto promotion lawsuit against celebrities including Kim Kardashian and Floyd Mayweather Jr.
▼ + stars: | 2022-12-08 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

A judge has dismissed a lawsuit against celebrities over their role in promoting a crypto token. The lawsuit accused EthereumMax of conspiring with public figures to promote the token. The lawsuit, which was originally filed in January, accused EthereumMax of conspiring with celebrities to promote the EMax token. The judge told investors they could amend the proposed class action and refile it. Representatives for Kardashian and EthereumMax did not immediately respond to requests for comment from Insider.

☆ EMax crypto investors’ lawsuit against Kim Kardashian, Floyd Mayweather Jr., other celebrities dismissed
▼ + stars: | 2022-12-07 | by ( ) www.nbcnews.com time to read: +2 min

The lawsuit filed in January claims EthereumMax executives schemed with celebrity promoters to induce investors to buy the EMax token, driving up its price and allowing them to sell their own tokens at a profit. U.S. District Judge Michael Fitzgerald in Los Angeles said that the investors may amend and refile their proposed class action. In Wednesday’s ruling, Fitzgerald said that investors had failed to show that the executives and promoters schemed to mislead investors, rather than acting in their own self-interest. The investors’ fraud claims failed because they had not stated whether or when they saw the promotions, the judge wrote. While the investors may revise those claims, Fitzgerald permanently dismissed their claim under California’s consumer protection law, which he said applies to tangible goods and services, not “intangible goods” such as cryptocurrency.

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

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

☆ Mistrial declared after jurors deadlocked in Danny Masterson rape trial
▼ + stars: | 2022-11-30 | by ( Taylor Romine | ) edition.cnn.com time to read: +2 min

CNN —A Los Angeles County Superior Court judge declared a mistrial in the rape trial of actor Danny Masterson on Wednesday after jurors remained deadlocked, the Los Angeles County District Attorney’s office said. Masterson was charged in 2020 with forcibly raping three women in separate incidents occurring between 2001 and 2003, CNN previously reported. “While we are disappointed with the outcome in this trial, we thank the jurors for their service,” the district attorney’s office said in a statement. In 2017, Netflix and producers of “The Ranch” wrote Masterson off the show amid rape allegations. At the time, Masterson said he was “obviously very disappointed” by the decision, in a statement to CNN.

☆ Top Hollywood lawyer Bryan Freedman paid a $40,000 settlement after being accused of gang-raping a 17-year-old while in college
▼ + stars: | 2022-11-16 | by ( Kate Taylor | ) www.businessinsider.com time to read: +8 min

But clients may not know that Freedman, 58, was accused of sexual assault in the 1980s and paid a $40,000 settlement to the accuser. She said that instead of taking her there, the men brought her to the nearby Zeta Beta Tau fraternity. The plaintiff said she and her friend then returned to Zeta Beta Tau to retrieve her shoe and car key. The 17-year-old and her parents sued Freedman and the two other fraternity brothers, as well as Zeta Beta Tau and Tau Kappa Epsilon. (Zeta Beta Tau and the other college students accused of sexual assault also agreed to pay settlements, none of which admitted liability.)

☆ Amazon workers in California withdraw petition for union vote after defeat in New York
▼ + stars: | 2022-10-25 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

Workers at a California Amazon facility withdrew their petition late last week to unionize with the ALU, just days after the labor group failed to win enough votes to unionize an Amazon facility in upstate New York. The move to withdraw comes roughly two weeks after the petition was submitted, per the NLRB’s docket of the case. In an email to CNN Business, ALU President Chris Smalls played down the significance of the withdrawn petition. Since the watershed union win at JFK8, the ALU hasn’t seen success with organizing efforts at other Amazon facilities. Moreover, Amazon has refused to recognize or meet with the union at JFK8 — and continues to challenge the union’s election win.

Florida Governor Ron DeSantis speaks after the primary election for the midterms during the "Keep Florida Free Tour" at Pepin’s Hospitality Centre in Tampa, Florida, U.S., August 24, 2022. REUTERS/Octavio Jones/File PhotoNEW YORK, Oct 21 (Reuters) - One of the 20 people arrested for voting illegally as part of Florida Governor Ron DeSantis' effort to crack down on voter fraud had his charges dismissed on Friday. Voter fraud in the United States is exceedingly rare, studies have shown. Under state law, voter fraud requires intent. Wood registered to vote after being told he was allowed, received a voter card and cast a ballot, all without any objection, Davis said.

☆ Arizona abortion ruling will set women back 'more than a century' - White House
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +3 min

Fencing including razor wire forms a barrier to the Arizona state Capitol complex after it was installed following protests against the United States Supreme Court after it overturned the landmark Roe v Wade abortion decision, in Phoenix, Arizona, U.S. June 27, 2022. REUTERS/Caitlin O’Hara REFILE -WASHINGTON, Sept 24 (Reuters) - Friday's ruling allowing Arizona to enforce a ban on nearly all abortions, if allowed to stand, will result in "catastrophic, dangerous, and unacceptable" consequences for women, White House press secretary Karine Jean-Pierre said on Saturday. "Yesterday’s ruling in Arizona is dangerous and will set Arizona women back more than a century – to a time before Arizona was even a state," Jean-Pierre said in a statement. The Arizona ruling by Pima County Superior Court Judge Kellie Johnson granted a request by the state's Republican attorney general to lift a court injunction that had barred enforcement of Arizona's pre-statehood ban on abortion after the Supreme Court decision. Johnson's ruling bans all abortions in Arizona except when the procedure is necessary to save the mother's life.

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