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REUTERS/Mike Blake/File PhotoCompanies Grail Inc FollowIllumina Inc FollowAug 11 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has begun an investigation into Illumina's (ILMN.O) $7.1 billion acquisition of cancer detection test maker Grail (GRAL.O), the gene sequencing company said in a regulatory filing. An SEC spokesperson said the agency "does not comment on the existence or nonexistence of a possible investigation". Illumina declined to comment or provide further details on the SEC investigation. The gene-sequencing machine maker had repurchased Grail in 2021, despite opposition from U.S. and European antitrust regulators, a decision that prompted investor Carl Icahn to pursue a proxy fight at Illumina, arguing Grail should be divested as it had cost investors billions of dollars. Illumina was fined 432 million euros ($476 million) by the EU last month for closing the deal before approval by European antitrust regulators.

Persons: Mike Blake, Illumina, Carl Icahn, Mariam Sunny, Shounak Dasgupta Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, EU, Thomson Locations: San Diego , California, U.S, California, Illumina, Bengaluru

AR-10s for sale at the Belle-Clair Fairgrounds & Expo Center Gun Show, after the state of Illinois passed its "assault weapons" ban into law, in Belleville, Illinois, U.S., January 14, 2023. The state's high court in a 4-3 vote rejected arguments by a group of plaintiffs led by a Republican state Representative Dan Caulkins, that the ban violated the Illinois Constitution by not applying the law equally to all citizens. The plaintiffs also argued the law violated the right to keep and bear arms under the U.S. Constitution's Second Amendment. That Second Amendment argument is central to separate ongoing federal lawsuits also challenging Illinois' law. Reporting by Nate Raymond in Boston; Editing by Jonathan Oatis and Alexia GaramfalviOur Standards: The Thomson Reuters Trust Principles.

Persons: Kate Munsch, Dan Caulkins, Democratic Illinois Governor J.B, Pritzker, Elizabeth Rochford, Rochford, Lisa Holder White, David Overstreet, Mary Kay O’Brien, Nate Raymond, Jonathan Oatis, Alexia Garamfalvi Organizations: Belle, Clair Fairgrounds, REUTERS, Democratic, Republican, Democratic Illinois Governor, Protect, AK, U.S, Supreme, Thomson Locations: Illinois, Belleville , Illinois, U.S, Highland Park, Protect Illinois, New York, Boston

"We are confident in the legality of our nearly universally supported plan of reorganization, and optimistic that the Supreme Court will agree," the company added. Members of the Sackler family have denied wrongdoing but expressed regret that OxyContin "unexpectedly became part of an opioid crisis." They said in May that the bankruptcy settlement would provide "substantial resources for people and communities in need." In a court filing, the administration told the Supreme Court that Purdue's settlement is an abuse of bankruptcy protections meant for debtors in "financial distress," not people like the Sacklers. According to the administration, Sackler family members withdrew $11 billion from Purdue before agreeing to contribute $6 billion to its opioid settlement.

Persons: George Frey, Joe Biden's, Sackler, OxyContin, Biden, John Kruzel, Andrew Chung, Dietrich Knauth, Will Dunham Organizations: Purdue Pharma, REUTERS, WASHINGTON, U.S, Supreme, Purdue, . Trustee, The, Circuit, Thomson Locations: Provo , Utah, U.S, Stamford , Connecticut, Washington, New York

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File PhotoAug 10 (Reuters) - Bittrex Inc and Bittrex Global have agreed to pay a total of $24 million to settle claims by the U.S. Securities and Exchange Commission, according to a court filing in Seattle federal court on Thursday. Reporting by Jody Godoy Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Jody Godoy, Chris Reese Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Bittrex, Thomson Locations: Washington ,, Seattle

Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally in Windham, New Hampshire, U.S., August 8, 2023. REUTERS/Reba Saldanha/File PhotoNEW YORK, Aug 10 (Reuters) - Donald Trump on Thursday appealed a judge's dismissal of his claim that the writer E. Jean Carroll defamed him by accusing him of rape, though a jury that awarded her $5 million for defamation and sexual abuse did not make such a finding. The former U.S. president, who is seeking the Republican nomination for a second White House term, filed a notice of appeal from U.S. District Judge Lewis Kaplan's Aug. 7 dismissal of the claim against Carroll. Reporting by Jonathan Stempel in New York; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Donald Trump, Reba Saldanha, Jean Carroll, District Judge Lewis Kaplan's, Jonathan Stempel, Leslie Adler Organizations: U.S, Republican, REUTERS, District, Carroll, Thomson Locations: Windham , New Hampshire, U.S, New York

A pharmacist holds a bottle OxyContin made by Purdue Pharma at a pharmacy in Provo, Utah, U.S., May 9, 2019. At issue is whether U.S. bankruptcy law allows Purdue's restructuring to include legal protections for the Sackler family, who have not filed for personal bankruptcy. They said in May that the bankruptcy settlement would provide "substantial resources for people and communities in need." In a court filing, the administration told the Supreme Court that Purdue's settlement is an abuse of bankruptcy protections meant for debtors in "financial distress," not people like the Sacklers. According to the administration, Sackler family members withdrew $11 billion from Purdue before agreeing to contribute $6 billion to its opioid settlement.

Persons: George Frey, Joe Biden's, Sackler, OxyContin, Biden, John Kruzel, Andrew Chung, Dietrich Knauth, Will Dunham Organizations: Purdue Pharma, REUTERS, WASHINGTON, U.S, Supreme, Purdue, Circuit, U.S . Trustee, Thomson Locations: Provo , Utah, U.S, Stamford , Connecticut, Washington, New York

DCG and Silbert, who is also a defendant, called Gemini a "sophisticated market participant" that had told Gemini Earn customers, who were expecting high interest rates, that it had "thoroughly vetted" Genesis. Gemini said the defendants did this so that Gemini Earn customers would continue lending crypto assets to Genesis, believing it was "business as usual." Gemini and Genesis are defendants in a U.S. Securities and Exchange Commission civil lawsuit claiming they bypassed disclosure requirements meant to protect investors in connection with Gemini Earn. According to the SEC and the Winklevosses, Genesis held about $900 million of assets from approximately 340,000 Gemini Earn customers before halting withdrawals last November. The case is Gemini Trust Co v Digital Currency Group LLC et al, U.S. District Court, Southern District of New York, No.

Persons: Entrepeneurs Tyler, Cameron Winklevoss, Manus, Lucas Jackson, Tyler, Barry Silbert, Gemini, Silbert, DCG, Genesis, Sam Bankman, Fried, Jonathan Stempel, Leslie Adler Organizations: Metropolitan Museum of Art, REUTERS, Group, Gemini Trust, Genesis Global, Gemini, Three Arrows Capital, U.S . Securities, Exchange Commission, SEC, Forbes, Currency, Court, Southern District of, Thomson Locations: Manhattan, New York, DCG, U.S, Southern District, Southern District of New York

People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. REUTERS/Andrew KellyAug 10 (Reuters) - Goldman Sachs (GS.N) shareholders cannot go forward with a class action alleging the bank misled investors about its business practices ahead of the subprime mortgage crisis, a U.S. appeals court ruled on Thursday. Circuit Court of Appeals ruled in three pension funds' long-running case accusing the bank of unlawfully hiding conflicts of interest when creating risky subprime securities, costing investors more than $13 billion. The investors said that the bank's fraudulent statements kept its stock price artificially high. Goldman argued that these "aspirational" statements were too vague and general to have had any impact on the stock price.

Persons: Goldman Sachs, Andrew Kelly, Goldman, John Paulson, Jody Godoy, Jonathan Oatis, John Stonestreet Organizations: REUTERS, The, Circuit, U.S, Goldman, Abacus, U.S . Securities, Exchange Commission, Supreme, Appeals, Thomson Locations: Manhattan , New York, U.S, The New York, Arkansas, New York

Customers shop for handguns at the Des Moines Fairgrounds Gun Show at the Iowa State Fairgrounds in Des Moines, Iowa, U.S. March 11, 2023. REUTERS/Jonathan Ernst/File PhotoAug 9 (Reuters) - A federal appeals court on Wednesday ruled that a decades-old law prohibiting users of illegal drugs from owning firearms was unconstitutional as applied to the case of a marijuana user, the latest fallout from a U.S. Supreme Court ruling last year that expanded gun rights. Circuit Court of Appeals concluded that the federal law violated a Mississippi man's right to "keep and bear arms" under the U.S. Constitution's Second Amendment. The U.S. Drug Enforcement Administration did not administer a drug test, though Daniels admitted he sometimes smoked marijuana, which federal law prohibits. While his case was pending, the conservative-majority Supreme Court in June 2022 declared for the first time that the Second Amendment protects an individual's right to carry a handgun in public for self-defense.

Persons: Jonathan Ernst, Patrick Daniels, Daniels, Jerry Smith, Ronald Reagan, Stephen Higginson, Barack Obama, Nate Raymond, Shri Navaratnam Organizations: Des Moines, Iowa State Fairgrounds, REUTERS, U.S, Supreme, Circuit, Appeals, U.S . Drug, Administration, New York, Thomson Locations: Des Moines , Iowa, U.S, New Orleans, Mississippi, Boston

Jamie Dimon, chairman of the board and chief executive of JPMorgan Chase & Co., speaks during the event Chase for Business The Experience - Miami hosted by JP Morgan Chase Bank for small business owners at The Wharf in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello/File PhotoNEW YORK, Aug 9 (Reuters) - A federal judge has dismissed a shareholder lawsuit accusing JPMorgan Chase (JPM.N) Chief Executive Jamie Dimon and his board of directors of ignoring red flags surrounding disgraced former client Jeffrey Epstein. The so-called derivative lawsuit sought to have the defendants or their insurers pay damages to JPMorgan, for the benefit of shareholders. Rakoff is also overseeing two Epstein-related lawsuits against JPMorgan by the U.S. Virgin Islands, where the financier owned two neighboring islands, and by Epstein victims. Staley was also Barclays' (BARC.L) chief executive from 2015 to 2021.

Persons: Jamie Dimon, JP, Marco Bello, JPMorgan Chase, Jeffrey Epstein, Jed Rakoff, Rakoff, Epstein, Dimon, Jes Staley, Staley, Jonathan Stempel, Leslie Adler Organizations: JPMorgan Chase &, Chase, Business The, Miami, JP Morgan Chase Bank, REUTERS, JPMorgan, Rakoff, U.S ., Barclays, Miami General Employees & Sanitation Employees, Court, Southern District of, Thomson Locations: Miami , Florida, U.S, Miami, Pittsburgh, Manhattan, U.S . Virgin Islands, U.S . Virgin, Southern District, Southern District of New York, New York

REUTERS/Andrew Kelly/File PhotoNEW YORK, Aug 9 (Reuters) - The U.S. Securities and Exchange Commission plans to appeal a recent court decision involving Ripple Labs that was a setback for the agency's efforts to oversee cryptocurrency markets. The SEC said an appeal could address legal issues on which there was "substantial ground for differences of opinion." Torres' decision was not a total victory for Ripple, as she found that it violated securities laws by selling XRP to institutional investors. The judge must decide whether to let the SEC appeal her decision, and put the case on hold. Ripple, and lawyers for Ripple, Garlinghouse and Larsen did not immediately respond to requests for comment.

Persons: Andrew Kelly, Analisa Torres, Ripple, Brad Garlinghouse, Chris Larsen, Torres, Jed Rakoff, Larsen, Gary Gensler, Coinbase, Jonathan Stempel, Chris Prentice, Jody Godoy, Chris Reese, Lisa Shumaker, Diane Craft Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Ripple Labs, SEC, U.S, District, Terra, Terraform Labs, Thomson Locations: Washington ,, Manhattan, U.S, Gensler, New York

Smartphone with Epic Games logo is seen in front of Apple logo in this illustration taken, May 2, 2021. REUTERS/Dado Ruvic/IllustrationAug 9 (Reuters) - The U.S. Supreme Court on Wednesday dealt a setback to Epic Games, maker of the popular video game "Fortnite," in its legal battle against Apple (AAPL.O), declining to let a federal judge's injunction take effect that could force the iPhone maker to change payment practices in its lucrative App Store. Circuit Court of Appeals that effectively delayed implementing an injunction issued by U.S. District Judge Yvonne Gonzalez Rogers barring certain App Store rules while Apple pursues a Supreme Court appeal. The 9th Circuit in April had upheld the injunction but in July put that decision on hold. Reporting by Andrew Chung in New York; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Yvonne Gonzalez Rogers, Apple, Andrew Chung, Will Dunham Organizations: Apple, REUTERS, U.S, Supreme, Epic Games, San, Circuit, Appeals, Thomson Locations: San Francisco, New York

[1/2] U.S. President Joe Biden holds up a ghost gun kit while announcing new measures by his administration to fight ghost gun crime at the White House in, Washington, U.S., April 11, 2022. REUTERS/Kevin Lamarque/File PhotoAug 8 (Reuters) - The U.S. Supreme Court on Tuesday granted a request by President Joe Biden's administration to reinstate - at least for now - a federal regulation aimed at reining in privately made firearms called "ghost guns" that are difficult for law enforcement to trace. A Reuters/Ipsos poll completed on Tuesday found that 70% of Americans support requirements that ghost guns have serial numbers and be produced only by licensed manufacturers. There were about 20,000 suspected ghost guns reported in 2021 to the ATF as having been recovered by law enforcement in criminal investigations - a tenfold increase from 2016, according to White House statistics. Biden's administration on July 27 asked the justices to halt O'Connor's ruling that invalidated a Justice Department restriction on the sale of ghost gun kits while it appeals to the New Orleans-based 5th U.S.

Persons: Joe Biden, Kevin Lamarque, Joe Biden's, District Judge Reed O'Connor, John Roberts, Amy Coney Barrett, Clarence Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, O'Connor, Sellers, Alito, Andrew Chung, Will Dunham Organizations: White, REUTERS, U.S, Supreme, District, Conservative, Control, Bureau, Alcohol, Tobacco, Firearms, Explosives, Gun Control, Justice, Coalition, Reuters, White House, Circuit, Appeals, Firearms Policy Coalition, Constitution, Thomson Locations: Washington , U.S, Fort Worth , Texas, New Orleans, Texas, United States, U.S, New York

The logo of Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/File PhotoCompanies Alphabet Inc FollowWASHINGTON, Aug 8 (Reuters) - Google asked a U.S. appeals court in New York on Tuesday to pause a decision to return an antitrust lawsuit filed by the state of Texas back to federal court in Texas. Judicial Panel on Multidistrict Litigation in June granted the state's request to send the lawsuit back to federal court in Texas. The lawsuit alleges that Google, a unit of Alphabet (GOOGL.O), abused its dominance in advertising technology. The federal court in Texas has a reputation for moving quickly.

Persons: Andrew Kelly, Diane Bartz, Matthew Lewis Organizations: Google, Chelsea, REUTERS, WASHINGTON, The U.S, Litigation, U.S, Circuit, Appeals, Thomson Locations: Manhattan , New York City, U.S, New York, Texas, The, Washington

[1/2] The logo of German industrial group Siemens is seen at an office building in Zug, Switzerland December 1, 2021. REUTERS/Arnd Wiegmann/File PhotoCompanies Siemens AG FollowVIENNA/MUNICH, Aug 8 (Reuters) - Siemens (SIEGn.DE) is cooperating with authorities in Austria on an investigation into allegations of possible corruption related to hospital building contracts. Siemens said the investigation was based on information the company had provided to the public prosecutor's office in the course of an ongoing compliance investigation. "Siemens is cooperating fully with the authorities," the engineering company said, adding that it would not comment on ongoing investigations. Austrian prosecutors said that five people had been arrested as part of the investigation, with several house searches taking place last week.

Persons: Arnd, Feldkirch, KHBG, Martina Ruescher, Alexandra Schwarz, Alexander Huebner, John Revill, Friederike Heine, Miranda Murray, David Goodman, Louise Heavens Organizations: Siemens, REUTERS, Companies Siemens AG, Welt, Smart Infrastructure, Thomson Locations: Zug, Switzerland, MUNICH, Austria, Vorarlberg, Vienna, Munich

U.S. President Joe Biden speaks about his plans for continued student debt relief after a U.S. Supreme Court decision blocking his plan to cancel $430 billion in student loan debt, at the White House in Washington, U.S. June 30, 2023. The rule is separate from Biden's more sweeping student debt relief plan. The Supreme Court in June blocked his administration from canceling $430 billion in student loan debt for 43 million borrowers. The Democratic president has since announced plans to provide relief for student loan borrowers using a different approach. CCST sued in February after the Education Department in October finalized a rule changing a "borrower defense to repayment" program that allows students to seek debt relief if their schools mislead them.

Persons: Joe Biden, Leah Millis, Biden, Edith Jones, Kyle Duncan, Cory Wilson, CCST, The Biden, Nate Raymond, Alistair Bell Organizations: U.S, Supreme, White, REUTERS, ITT Educational Services, Circuit, Colleges, Schools of Texas, Democratic, Republican, U.S . Department of Education, Education Department, Corinthian Colleges, ITT Technical Institute, The, Thomson Locations: Washington , U.S, New Orleans, Boston

Fulton County District Attorney Fani Willis is wrapping up a probe of attempts to overturn his 2020 election defeat in the politically competitive state of Georgia. The front of the courthouse was lined with rows of orange plastic, water-filled Jersey barriers and steel crowd control barricades. Dozens of county sheriff's deputies were stationed out front, and other deputies and Atlanta police drove marked cars in circles around the streets nearby. Trump supporters stormed the U.S. Capitol on Jan. 6, 2021, in an attempt to stop Congress from certifying his defeat. Samaya Lockridge, 23, a Democrat, who just moved from Tampa to Atlanta, said she hoped Atlanta would not see a replay of that violence.

Persons: Lewis, Donald Trump, Read, Fani Willis, Willis, Fulton County Sheriff Patrick Labat, Trump, Joe Biden's, government's, Samaya Lockridge, Rich McKay, Josephine Walker, Susan Heavey, Scott Malone, Howard Goller Organizations: Fulton County Sheriff, Slaton, Fulton, Atlanta police, Republican, Democratic, U.S, Capitol, Democrat, Thomson Locations: Fulton County, ATLANTA, Fulton, Atlanta , Georgia, Georgia, Jersey, Washington, Tampa, Atlanta

Trump, 77, filed his counterclaim in a second defamation lawsuit by Carroll, 79, who is seeking at least $10 million. The verdict reflected that "Mr. Trump 'raped' her, albeit digitally rather than with his penis," Kaplan wrote on Monday. Both lawsuits stemmed from Trump's denials that he forced himself upon and raped Carroll in a Bergdorf Goodman department store dressing room in Manhattan in the mid-1990s. Carroll amended her lawsuit after Trump disparaged her as a "whack job" in a CNN town hall following the verdict. The lawsuit is Carroll v. Trump, U.S. District Court, Southern District of New York, No.

Persons: Donald Trump, Cheney Orr, Donald Trump's, Jean Carroll, District Judge Lewis Kaplan, Trump, Alina Habba, Carroll, Kaplan, Carroll's, Roberta Kaplan, Goodman, Jonathan Stempel, Grant McCool, Howard Goller Organizations: U.S, Republican, REUTERS, District, CNN, U.S . Capitol, Trump, Elle, Carroll, Court, Southern District of, Thomson Locations: Montgomery , Alabama, U.S, Manhattan, Southern District, Southern District of New York, New York

☆ Ex-FBI agent accused of working for Russian oligarch may change plea
▼ + stars: | 2023-08-07 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +1 min

Charles McGonigal, a former FBI official who has been charged with working for sanctioned Russian oligarch Oleg Deripaska, arrives at Federal Court in New York City, U.S., March 8, 2023. REUTERS/Brendan McDermid/File PhotoCompanies OK Rusal MKPAO FollowNEW YORK, Aug 7 (Reuters) - A former FBI agent accused by U.S. prosecutors of working for sanctioned Russian oligarch Oleg Deripaska may change his plea in relation to criminal charges of evading U.S. sanctions and money laundering, court records showed on Monday. A change of plea hearing before U.S. District Judge Jennifer Rearden in Manhattan has been scheduled for Aug. 15. The charges against McGonigal came as U.S. prosecutors ramped up efforts to enforce sanctions on Russian officials and police their alleged enablers in response to the invasion of Ukraine. Reporting by Luc Cohen in New York; Editing by Mark Porter and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

Persons: Charles McGonigal, Oleg Deripaska, Brendan McDermid, Jennifer Rearden, McGonigal, oligarch, Russia's, Luc Cohen, Mark Porter, Conor Humphries Organizations: FBI, Court, REUTERS, U.S, Deripaska, Kremlin, Thomson Locations: Russian, New York City, U.S, Manhattan, New York, Ukraine, Washington

The sentence will run concurrently with the 3-1/2 years Thao previously received on a federal conviction of violating Floyd's civil rights, Fox 9 in Minneapolis reported. Cahill in May found Thao guilty of one count of aiding and abetting manslaughter in the second degree for his role in Floyd's death. Thao, a nine-year veteran of the police force, was the fourth and final officer sentenced in the killing. Lane was sentenced to 2-1/2 years and Kueng to three years in federal prison, to run concurrently with the state sentence. Last year, he received a concurrent sentence of 21 years in prison on federal charges of violating Floyd's civil rights.

Persons: Tou Thao, George Floyd, Peter Cahill, Keith Ellison, Thao, Cahill, Derek Chauvin, Floyd, Thomas Lane, J, Alexander Kueng, Chauvin, Lane, Kueng, Brendan O'Brien, Will Dunham Organizations: Former Minnesota, Hennepin County Sheriff's, REUTERS, Former Minneapolis, Minnesota, Fox, Thomson Locations: Hennepin County Jail, Minneapolis , Minnesota, U.S, Hennepin County, Minneapolis, United States, Kueng, Chicago

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File photoAug 5 (Reuters) - Elon Musk has said his X social media platform will fund the legal bills of people who have been treated unfairly by employers because of posting or liking something on the site formerly known as Twitter. "If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill," Musk said in a post on X, adding that there will be no limits to funding the bills. The figures came as the company is going through organizational changes and is looking to boost dropping advertising revenue. An upturn in advertising revenue that had been expected in June failed to materialise.

Persons: Carlos Barria, Elon Musk, Musk, Juby Babu, Tom Hogue, Simon Cameron, Moore Organizations: REUTERS, Meta, Twitter, Thomson Locations: San Francisco , California, U.S, Bengaluru

REUTERS/Cheney OrrAug 4 (Reuters) - U.S. prosecutors flagged a threatening social media post from Donald Trump in a late-night court filing on Friday, arguing that it suggests he might intimidate witnesses by improperly disclosing confidential evidence received from the government. On his Truth Social site, the former president wrote, "IF YOU GO AFTER ME, I'M COMING AFTER YOU!" The prosecutors' filing asked U.S. District Judge Tanya Chutkan to issue a protective order prohibiting Trump and his lawyers from sharing any discovery materials with unauthorized people. Protective orders are routine in cases involving confidential documents, but prosecutors said it was particularly important to restrict public dissemination given Trump's social media statements. He faces a possible fourth indictment in Georgia, where Atlanta prosecutors have been investigating his efforts to overturn the election results there.

Persons: Donald Trump, Cheney Orr, Democrat Joe Biden, Jack Smith, Trump, Tanya Chutkan, Joseph Ax, Simon Cameron, Moore Organizations: U.S, Republican, REUTERS, Democrat, Trump, Thomson Locations: Montgomery , Alabama, U.S, Washington, Miami, Manhattan, Georgia, Atlanta

Alex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, exits the Manhattan federal court in New York City, U.S., July 25, 2023. REUTERS/Brendan McDermid/File PhotoNEW YORK, Aug 4 (Reuters) - Alex Mashinsky, the founder and former chief of the now-bankrupt cryptocurrency lender Celsius Network, must face a lawsuit by New York Attorney General Letitia James accusing him of civil fraud, a Manhattan state court judge ruled on Friday. Mashinsky has separately pleaded not guilty to criminal fraud charges brought by the U.S. Department of Justice tied to Celsius' demise. Lawyers for Mashinsky in the New York civil case did not immediately respond to requests for comment. The case is New York v. Mashinsky, New York State Supreme Court, New York County, No.

Persons: Alex Mashinsky, Brendan McDermid, Letitia James, Margaret Chan, Chan, James, Martin, general's, Mashinsky's, Mashinsky, Jonathan Stempel, Will Dunham, Cynthia Osterman Organizations: REUTERS, New York, U.S . Department of Justice, U.S . Securities, Exchange Commission, U.S . Commodity Futures Trading Commission, . Federal Trade Commission, Lawyers, Mashinsky, Mashinsky , New York, Court, Thomson Locations: Manhattan, New York City, U.S, New York, Hoboken , New Jersey, Mashinsky , New, Court , New York County

REUTERS/Jonathan Ernst/File PhotoCompanies Canoo Inc FollowNikola Corp FollowAug 4 (Reuters) - The U.S. Securities and Exchange Commission fined electric vehicle company Canoo Inc $1.5 million on Friday for what the regulator alleges were reporting failures related to hundreds of millions of dollars of unreasonable revenue projections. In the run-up to the deal, Canoo (GOEV.O) had projected revenue of $120 million in 2021 and $250 million in 2022 based on deals to provide engineering services to other companies. In March 2021, the carmaker's stock tumbled 21% after it announced it would not achieve the anticipated revenue, the SEC said in court papers. The SEC said Kranz and Balciunas knew before the merger that the projects were unlikely to generate revenue. Canoo said in May it had tentatively agreed to pay a $1.5 million penalty to settle with the SEC.

Persons: Jonathan Ernst, Canoo, Ulrich Kranz, Paul Balciunas, Kranz, Balciunas, Daniel Wachtell, Nikola, Jody Godoy, Jonathan Oatis, Nick Macfie, Deepa Babington, David Gregorio Our Organizations: U.S . Securities, Exchange, SEC, REUTERS, Nikola, Exchange Commission, DraftKings Inc, Thomson Locations: Washington, Texas, New York

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