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☆ Twitter, now X, threatens suit against nonprofit studying hate speech and misinformation
▼ + stars: | 2023-07-31 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Elon Musk's latest legal adversary: a nonprofit that studies hate speech and misinformation on social media. On July 20, X Corp., formerly known as Twitter, sent a letter to the Center for Countering Digital Hate, or CCDH, threatening to sue the British research nonprofit. The letter follows CCDH research published in June, which studied the propagation of hate speech on the social media platform since Musk's buyout. Other CCDH research found that the social media company failed to act on 89% of anti-Jewish hate speech and 97% of anti-Muslim hate speech on the platform. The letter from X Corp. to CCDH is one of a handful of legal threats or actions by the company in recent months.

Persons: Elon Musk's, CCDH, Musk, Imran Ahmed, Elon Musk, Ahmed, Satya Nadella, Wachtell, Lipton, Katz Organizations: X Corp, Twitter, Center, Meta, Rosen

☆ I gave up my 6-figure journalism job to become a high school teacher. It was a huge culture shock — and nothing like 'Dead Poets Society.'
▼ + stars: | 2023-07-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

She gave up her six-figure salary to retrain as a teacher and set up the charity Now Teach. My mum was a great school teacher and when she died when I was in my forties I briefly thought about becoming a teacher like her. Ten years later when my dad died, I thought I needed to do something radical with the time I had left of my working life. So for me to leave readers with the impression that my life is like "Dead Poets Society" couldn't be further from the truth. I knew from writing about working life that many people in their fifties who were lawyers or worked in other corporate roles get bored with it and want to do something more useful.

Persons: Lucy Kellaway, I've, we've, We've Organizations: Financial Times, Service, JPMorgan, Oxford University, View, Poets Society, Penguin Locations: Wall, Silicon, Gateshead, England, Bracken House, City of London, Hackney, London

All eyes are onJudge Aileen Cannon, who is presiding over the first pretrial hearing Tuesday in the DOJ's prosecution of Donald Trump. Since the confirmation, a least one other Cannon case made national headlines. Judge Aileen Cannon gave her confirmation testimony to the Senate Judiciary Committee over Zoom on July 29, 2020. There, she prosecuted cases involving narcotics, fraud, firearms, and immigration cases, according to her Senate confirmation document. Cannon during her confirmation hearing thanked Rubio as well as fellow Republican Sen. Rick Scott of Florida for their "continued support."

Persons: Aileen Cannon, Donald Trump, Cannon, Nancy Pelosi, Alexandria Ocasio, Cortez, Department's, Trump, Jack Smith's, Bill Barr, behead, Mercedes Cubas, Federalist Society —, Steven Colloton, Gibson, Dunn, Crutcher, Josh Lorence, Ron DeSantis, Lynne Sladky, Lorence, Bobby Flay, DeSantis, Republican Sen, Marco Rubio, Rubio, Rick Scott of, " Rubio, Democratic Sen, Dianne Feinstein, they'd, Pelosi, Paul Hoeffer, Hoeffer, Cannon's, Fort, Paul G Organizations: Trump, Lago, Service, US, Justice Department, Department, FBI, Fox News, Senate, Democratic Rep, Zoom, Committee, Duke University, El, El Nuevo Herald, Miami Herald, University of Michigan Law School, Federalist Society, Crutcher LLP, Southern, Southern District of, GOP, White, Republican, Democratic, Rogers, CNN Locations: Mar, Wall, Silicon, Trump's, Lago, Florida, Alexandria, Cortez of New York, Cali , Colombia, Miami , Florida, Cuba, Spain, El Nuevo, Iowa, Washington ,, Southern District, Southern District of Florida, Athens, Greece, Vero Beach , Florida, Marco Rubio of Florida, Rick Scott of Florida, Cortez, Fort Pierce , Florida, West Palm Beach, Palm Beach

☆ Fox News paid a record-breaking sum to settle Dominion's defamation lawsuit. Smartmatic could get even more money.
▼ + stars: | 2023-07-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

The settlement Fox News may pay to Smartmatic could be around $1 billion, experts say. Disney's $177 million settlement for the infamous "pink slime" lawsuit in 2017 dropped to second place. Experts told Insider that the $787.5 million settlement is a strong benchmark for Smartmatic — and that Smartmatic will likely get more. Either way you slice it, using those baseline numbers brings you above the $787.5 million figure Fox paid to settle Dominion's lawsuit. "It's hard to extrapolate from the Dominion case in part because it never got litigated," Hans said.

Persons: Smartmatic, Erik Connolly, Connolly, Donald Trump, Sidney Powell, Rudy Giuliani, Joe Biden, Powell, Giuliani, Fox, Clay Calvert, James Goodale, Smartmatic's, Rupert Murdoch, Victoria Jones, Calvert, Erik McGregor, Hans, Goodale, Plimpton, De, Murdoch Organizations: Fox News, Dominion, Dominion Voting, Trump, Fox, American Enterprise Institute, New York Times, Fox Corp, Getty, Cornell Law, Debevoise Locations: cahoots, Delaware, New York, Washington ,, Africa, Europe, Smartmatic, Fox News's, York

☆ Twitter was hit with a massive $90 million legal fee that Elon Musk is now trying to fight in court. A former Twitter director saw the bill and responded, 'O My Freaking God,' court documents show.
▼ + stars: | 2023-07-08 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Twitter previously hired a law firm to force Elon Musk to complete the buyout of the company. The law firm, Wachtell, Lipton, Rosen & Katz, hit Twitter with a $90 million bill for its services. According to the suit, $84 million was wired to the law firm minutes before the deal closed. On Twitter, Musk accused Wachtell of specializing "in institutionalized corruption." Since he acquired the company, Musk has refused to pay expenses for some former employees, rent for the company's offices, and, previously, invoices for Google Cloud services.

Persons: Elon Musk, Wachtell, Lipton, Katz, Musk, Martha Lane Fox, Sean Edgett, Lane Fox Organizations: Twitter, Rosen, X Corp, Elon, San, Google Locations: San Francisco County

Twitter’s parent company sued a leading corporate law firm on Friday for what it said were unjust payments related to Elon Musk’s $44 billion acquisition of the social media company last year. A $90 million payment that Twitter made to Wachtell, Lipton, Rosen & Katz, a top mergers and acquisitions firm, amounted to “unjust enrichment” and should be paid back, according to the lawsuit, which the parent company, X Corp., filed in San Francisco Superior Court. The lawsuit said Wachtell Lipton took “funds from the company cash register while the keys were being handed over” to Mr. Musk, who owns X Corp.Twitter’s previous management hired Wachtell Lipton after Mr. Musk tried to terminate his agreement to acquire the company last year. He was unsuccessful, and the purchase closed in October.

Persons: Elon, Wachtell, Lipton, Katz, Wachtell Lipton, Musk Organizations: Elon Musk’s, Rosen, X Corp, San, San Francisco Superior Court Locations: San Francisco, ”

☆ Was I Married to a Stranger?
▼ + stars: | 2023-06-30 | by ( Belle Burden | ) www.nytimes.com time to read: +2 min

The people who would have propped me up, fed me, helped with the children — my family and closest friends — could not get to me during lockdown. They wept with me on the phone, but I woke up every day facing the fear and pain on my own. I decided not to drink, knowing that it would make me sadder, but I also found it hard to eat. Within weeks I had shed 20 pounds, the self I had come to know over two decades of pregnancies and family life. His brother and sister also stopped communicating, saying that to support him, they could not be in contact with me.

Persons: — Locations: New York

☆ Australia's Medibank faces fourth class-action lawsuit over cyberattack
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

June 29 (Reuters) - Australia's Medibank Private Ltd (MPL.AX) said on Thursday it was facing a fourth shareholder class-action lawsuit over a cyberattack incident last year that exposed the personal data of 9.7 million current and former customers. Earlier in the week, the country's banking regulator told Medibank to set aside A$250 million ($165.30 million) in extra capital, something analysts believe will affect the firm's ability to pay capital returns to shareholders. The proceedings were filed by Sydney-based law firm Phi Finney McDonald on behalf of people who held interest in Medibank shares between Sept. 10, 2020 and Oct. 25, 2022. The company intends to defend the proceedings, it said in a statement. ($1 = 1.5124 Australian dollars)Reporting by Poonam Behura in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Medibank, Phi Finney McDonald, Poonam, Anil D'Silva Organizations: Sydney, Thomson Locations: Bengaluru

Companies Walt Disney Co FollowWILMINGTON, Delaware, June 27 (Reuters) - The Walt Disney Co (DIS.N) board did not act negligently when it criticized a sexual identity bill signed by Florida Governor Ron DeSantis, a Delaware judge ruled on Tuesday, in a case the judge said was improperly directed by a conservative legal group. The ruling by Lori Will of Delaware's Court of Chancery means that Disney will not have to turn over internal records including years of board members' emails sought by shareholder Kenneth Simeone, who sued Disney in December. Disney's criticism touched off a war of words with DeSantis and led to the state removing the company's control of a special administrative district that promotes development around the Walt Disney World resort. DeSantis, who is seeking the Republican presidential nomination, has used his battle against what he calls "woke Disney" to raise his national profile. Simeone, Jonna and Disney did not respond immediately to requests for comment.

Persons: Ron DeSantis, Lori Will, Kenneth Simeone, Will, Disney, Paul Jonna, Tom Hals, Jamie Freed Organizations: Walt Disney Co, Florida, Delaware's, Disney, Walt Disney, Thomas More Society, Thomson Locations: WILMINGTON , Delaware, Delaware, Wilmington , Delaware

Who is Mr. Prigozhin? Europe and the United States have been trying to shut down Prigozhin’s sprawling business operations for years. On the F.B.I.’s most wanted list, Mr. Prigozhin rose quickly in Putin’s Russia — from being the president’s favored caterer to winning major contracts that bankrolled Wagner Group, his private mercenary operation. Mr. Prigozhin also relies on a global network of corporate lawyers to fend off Western authorities, according to a separate F.T. Bill Browder, a former investor in Russia who has become one of Mr. Putin’s biggest critics, told DealBook that the president would look to reassert his authority by whatever means necessary.

Persons: Prigozhin, caterer, bankrolled, Wagner, Putin’s, , China’s, Putin, Bill Browder, DealBook, ” Organizations: bankrolled Wagner Group, Treasury Department, Evro, Central African, Financial Times, Treasury, — Terra Tech, BARL Locations: Prigozhin, Europe, United States, Russia, Syria, Ukraine, Evro Polis, Sudan, Central African Republic

But his defense team is still evolving after at least three key members left in recent weeks. Trump has also sought to add a Florida-based criminal defense lawyer to his team in the days since his indictment, according to sources familiar with the conversations. Kise, a former Florida solicitor general who has primarily handled civil cases, was brought on to Trump’s team last year after the FBI seized classified documents kept at Trump's Mar-a-Lago estate. Trump has struggled in recent weeks to bolster his defense team as the documents investigation intensified. The day the indictment was unsealed, the pair abruptly announced their resignation from Trump’s legal team.

Persons: Donald Trump, Todd Blanche, Chris Kise, Jim, John Rowley –, Blanche, Kise, Trump, Lindsey Halligan, Rowley, Evan Corcoran, Halligan, Tim Parlatore, Boris Epshteyn, Parlatore, Epshteyn, Trump’s, Andrew Goudsward, Sarah N, Lynch, Jacqueline Thomsen, Karen Freifeld, David Bario, Alistair Bell Organizations: Trump, FBI, Trump's, New, Reuters, U.S . Justice Department, CNN, Epshteyn, Thomson Locations: Miami, Florida, Lago, New York, Manhattan, Epshteyn, Washington

☆ Ted Kaczynski, better known as the Unabomber, was found dead in his prison cell
▼ + stars: | 2023-06-10 | by ( Michael Belsamo | Associated Press | ) www.businessinsider.com time to read: +9 min

The infamous Unabomber Ted Kaczynski has died at age 81. "I'm confident that I'm sane," Kaczynski told Time magazine in 1999. David Kaczynski wanted his role kept confidential, but his identity quickly leaked out and Ted Kaczynski vowed never to forgive his younger sibling. Ted Kaczynski was born May 22, 1942, in Chicago, the son of second-generation Polish Catholics — a sausage-maker and a homemaker. His brother fired him and Ted Kaczynski soon returned to the wilderness to continue plotting his vengeful killing spree.

Persons: Ted Kaczynski, David, —, — Theodore, Ted, Kaczynski, Kristie, David's, Linda Patrik, Daniel Boone, Edward Abbey, Henry David Thoreau, Sally Johnson, Hugh Scrutton, Thomas Mosser, Gilbert Murray, Charles Epstein, David Gelernter, Mosser, Susan, Timothy McVeigh, Patrik, Ted Kaczynski's, Susan Swanson, Chicago . Swanson, Clint Van Zandt, David Kaczynski, Swanson, Anthony Bisceglie, Ann Arbor, ___ Balsamo, Derek Rose Organizations: FBI, Service, WASHINGTON, Harvard, of Prisons, Associated Press, Washington Post, New York Times, Industrial Society, Its, American Airlines, Yale University, Oklahoma City, Bennington College, University of Michigan, University of California Locations: Montana, Butner , North Carolina, Florence , Colorado, West Coast, nation's, Lincoln , Montana, California, North Caldwell , New Jersey, Los Angeles, Chicago, America, Ann, Berkeley, Lincoln, Miami

☆ Luck of the draw: Trump's judge will likely be his appointee Aileen Cannon, who has already handed him victories that had legal experts scratching their heads
▼ + stars: | 2023-06-09 | by ( Kimberly Leonard | Insider Staff | ) www.businessinsider.com time to read: +9 min

Judge Aileen Cannon is likely to preside over the first-ever federal trial of a former president. Cannon, 42, has been assigned to oversee Trump's trial, according to a summons cited by numerous news outlets. At that time, a magistrate judge on duty — and not Cannon — is expected to oversee the proceedings. The judge will likely decide whether to set bail, and read the charges against Trump before he enters a plea. "Judge Cannon is a great judge who I am very proud to have enthusiastically supported," Rubio told Insider through his office when asked about the connection.

Persons: Aileen Cannon, Trump, —, Aileen Cannon —, Donald Trump —, Cannon, Jon Sale, Sale, Cannon recuses, It's, Cannon's, Nelson Mullins Riley, Fort, Paul G, Donald Trump, ANDY BUCHANAN, Mercedes Cubas, Federalist Society —, Steven Colloton, Gibson, Dunn, Crutcher, Josh Lorence, Lorence, Bobby Flay, Ron DeSantis, Republican Sen, Marco Rubio, Rubio, Rick Scott of, " Rubio, Democratic Sen, Dianne Feinstein, they'd, Nancy Pelosi, Cortez, Paul Hoeffer, Hoeffer Organizations: Service, Department of, Trump, Southern District of, Appeals, Scarborough LLP, Miami Herald, Rogers, Getty, Committee, Duke University, El, El Nuevo Herald, University of Michigan Law School, Federalist Society, Crutcher LLP, Southern, Republican, Senate, Democratic Locations: Department of Justice's, Miami, Mar, Palm Beach , Florida, Southern District, Southern District of Florida, West Palm Beach County, Fort Pierce , Florida, West Palm Beach, AFP, Cali , Colombia, Miami , Florida, Cuba, Spain, El Nuevo, Iowa, Washington ,, Florida, Athens, Greece, Vero Beach , Florida, DeSantis, Marco Rubio of Florida, Rick Scott of Florida, Cortez of New York

☆ Twitter’s own lawyers refute Elon Musk’s claim that the ‘Twitter Files’ exposed US government censorship
▼ + stars: | 2023-06-06 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

The foundation for those claims rests on the so-called “Twitter Files,” a series of reports by a set of handpicked journalists who, at Musk’s discretion, were given selective access to historical company archives. Now, though, Twitter’s own lawyers are disputing those claims in a case involving former President Donald Trump — forcefully rejecting any suggestion that the Twitter Files show what Musk and many Republicans assert they contain. The Twitter Files also show the Trump administration made its own requests for removal of Twitter content. Musk’s release of company files has given lawyers for Trump and other plaintiffs in the case another shot. But Twitter argued last week that the judge should not allow the case to be reopened because nothing in the Twitter Files supports the already dismissed claim of federal coercion.

Persons: Elon Musk, Hunter Biden, Donald Trump —, Musk, ”, Joe Biden’s, Twitter, Trump, Biden, Twitter’s, ’, — Organizations: CNN, Twitter, New York, FBI, ”, Trump ”, Trump, Capitol Locations: New

☆ 4 things 'Succession' gets wrong about business
▼ + stars: | 2023-05-28 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +7 min

HBO's hit show "Succession" airs its series finale Sunday night, with Waystar Royco's future in the balance. It captures the spirit of boardroom drama, but takes some liberties with corporate law, experts said. On HBO's hit show "Succession," the beats of a proxy fight are sometimes just as intense as a scheming betrayal from a once loyal lackey. Over four seasons, the show has laid out a thesis about the all-encompassing gravitational force of Logan Roy, the media mogul behind the fictional news and entertainment conglomerate Waystar Royco. "But the failure of the board to engage in any succession planning at all, is a first thing to note," she said.

These consultancies thrived by providing investors - from global hedge funds to private equity firms - access to industry experts and investigators who could obtain valuable corporate information. One private credit investor who used to join Capvision's calls with "industry experts" said clients did not want to pay top dollar for easily available public information. Many China-based consultancy firms also outsourced on the ground investigations to local contractors. Even before the latest raids on consultancy firms, some due-diligence firms were warned to stay away from Xinjiang related projects, sometimes by security authorities, according to industry sources. China denies abuses in Xinjiang, a major cotton producer that also supplies much of the world's materials for solar panels.

[1/4] A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermidMay 4 (Reuters) - Goldman Sachs Group Inc (GS.N) said in a filing on Thursday it is cooperating with government probes into collapsed Silicon Valley Bank. The Wall Street bank is "cooperating with and providing information to various governmental bodies in connection with their investigations and inquiries" into SVB, including the two companies' dealings in March. The Wall Street bank acquired a bond portfolio on which SVB booked a $1.8 billion loss, a transaction that preceded a failed SVB share sale where Goldman was an underwriter. Goldman was also among the underwriters named as defendants in a securities class action lawsuit related to several SVB share offerings in 2021 and 2022, it said in a regulatory filing.

[1/2] Deion Patterson, who Atlanta Police describe as the suspect in a lunchtime mass shooting at a medical building, poses in an undated photograph. Atlanta Police Department/Handout via REUTERSATLANTA, May 4 (Reuters) - A former U.S. Coast Guardsman accused of killing a woman and wounding four others in a shooting in an Atlanta medical building was expected to make his first court appearance on Thursday. The suspect is accused of opening fire in the Northside Medical facility in the city's busy Midtown area at about 12:30 p.m. local time on Wednesday. The woman killed in the shooting was 39-year-old Amy St. Pierre, an employee of the U.S. Centers for Disease Control and Prevention, the agency said. The mother of the suspect told a local ABC affiliate he was upset that doctors would not refill for him a prescription for Ativan, an anti-anxiety drug.

☆ Trump lawyers, prosecutors in court to argue over whether he can discuss evidence in hush money case
▼ + stars: | 2023-05-04 | by ( Karen Freifeld | Us Senate Confirms Ex-Prosecutors To New Jersey Federal Court | Jacqueline Thomsen | ) www.reuters.com time to read: +1 min

May 4 (Reuters) - Lawyers for Donald Trump will square off with prosecutors in a New York courtroom on Thursday over whether the former president should be restricted from discussing evidence in the criminal case against him over a hush money payment to a porn star. Prosecutors are seeking a court order that would stop Trump from publicly disclosing evidence they turn over to him to prepare his defense. Given Trump's history of attacks via social media, they said it is needed to reduce the risk of harassment against witnesses and others in the case. They said prosecutors and witnesses have attacked Trump as well. Reporting by Karen Freifeld; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

WASHINGTON, May 4 (Reuters) - A U.S. jury on Thursday reached a verdict in the trial of members of the Proud Boys right wing group charged with seditious conspiracy for their role in the Jan. 6, 2021, assault on the U.S. Capitol, federal prosecutors said. The verdict will be read shortly. Reporting by Sarah N. Lynch; Editing by Scott MaloneOur Standards: The Thomson Reuters Trust Principles.

Companies Genesis Global Capital, Llc FollowMay 4 (Reuters) - Bankrupt crypto exchange FTX received U.S. bankruptcy court permission on Thursday to sell its LedgerX business for $50 million, raising additional funds to repay creditors. Miami International Holdings owns the Bermuda Stock Exchange and several U.S.-registered securities exchanges, including the Miami International Securities Exchange. FTX said in a court filing that Genesis owes it that money as a result of transactions that took place shortly before FTX's bankruptcy filing. Genesis, unlike other creditors, was largely repaid before FTX went bankrupt, FTX said. FTX, a once-prominent crypto exchange, filed for Chapter 11 amid allegations that founder Sam Bankman-Fried used FTX customers' money to prop up Alameda's balance sheet.

DOONBEG, Ireland, May 4 (Reuters) - Donald Trump said on Thursday he will "probably" attend an ongoing civil trial in New York where he is accused of rape and defamation, repeating his denials of the allegations during a visit to his Irish golf resort. Trump also denied the accusation in a deposition video played on Wednesday for a Manhattan federal jury, as Trump sought to defend himself without testifying in person. The trial has so far run for six days and is expected to extend into next week. Denying the allegations in his deposition video, Trump accused Carroll of making up the story to drive sales of a 2019 memoir in which she made her claims public. Reporting by Padraic Halpin in Dublin; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

[1/3] Signage is seen outside of the law firm WilmerHale in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly/File PhotoCompaniesCompanies Law Firms JPMorgan Chase & Co FollowMay 4 (Reuters) - A Jeffrey Epstein accuser suing JPMorgan Chase & Co (JPM.N) for allegedly aiding the late financier's sex trafficking of girls and women asked a judge to disqualify the bank’s law firm on Thursday, arguing it has a conflict of interest. Lawyers for the woman, who claims she was a victim of Epstein and is not named in court papers, said the judge should bar law firm Wilmer Cutler Pickering Hale and Dorr from representing JPMorgan because it previously represented an anti-sex trafficking organization that supported a different Epstein accuser. Wild’s attorneys also consulted with WilmerHale attorneys on legal strategy, Thursday's filing said. Earlier on Thursday, the judge in that case allowed the U.S. Virgin Islands to serve legal papers on Google co-founder Larry Page, who has been linked to Epstein.

[1/5] Former U.S. President and Republican presidential candidate Donald Trump reacts after arriving at Aberdeen International Airport in Aberdeen, Scotland, Britain May 1, 2023. REUTERS/Russell CheyneMay 3 (Reuters) - Donald Trump denied raping writer E. Jean Carroll in a deposition video played on Wednesday for a Manhattan federal jury, as the former U.S. president sought to defend himself in a civil trial without testifying in person. “It’s the most ridiculous, disgusting story,” Trump said in the video, hunched over a conference table as Carroll’s lawyers presented documents to him. "I hear we're doing very well in New York," Trump said on Wednesday when asked why he was not in court. The trial has also featured testimony from two women who say Trump sexually assaulted them decades ago.

[1/3] Former U.S. President and Republican presidential candidate Donald Trump reacts after arriving at Aberdeen International Airport in Aberdeen, Scotland, Britain May 1, 2023. Trump, front-runner for the 2024 Republican presidential nomination, said in the October 2022 deposition that the alleged rape in the dressing room of the Bergdorf Goodman department store in New York City decades ago didn’t happen. “It’s the most ridiculous, disgusting story,” Trump said in the video, hunched over a conference table as Carroll’s lawyers presented documents to him. The trial has also featured testimony from two women who say Trump sexually assaulted them decades ago. Another woman, Jessica Leeds, testified on Tuesday that Trump kissed her, groped her and put his hand up her skirt on a flight in 1979.

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