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The U.S. Department of Justice is suing to break up Live Nation, the parent company of Ticketmaster, over alleged antitrust violations. "The DOJ's complaint attempts to portray Live Nation and Ticketmaster as the cause of fan frustration with the live entertainment industry. Live Nation and Ticketmaster merged in 2010, creating a dominant entity in the live event industry. Through Ticketmaster, Live Nation controls roughly 80% or more of major concert venues' primary ticketing for concerts, the complaint said. Live Nation earlier this month reported its "biggest Q1 ever," citing first-quarter revenue that was up 21% from the prior-year period.
Persons: Taylor, General Merrick Garland, Dan Wall, Taylor Swift Organizations: U.S . Department of Justice, Ticketmaster, DOJ, The Justice Department, Southern, of, Oak View, Nation, Live Locations: United States, North America, U.S, of New York
Washington CNN —The US government and dozens of states sued Live Nation in a groundbreaking antitrust lawsuit on Thursday, alleging that for years the parent company of Ticketmaster abused its industry dominance to harm concertgoers nationwide. It is time to break up Live Nation-Ticketmaster.”In a statement, Live Nation called the DOJ’s allegations “baseless.”“The DOJ’s lawsuit won’t solve the issues fans care about relating to ticket prices, service fees, and access to in-demand shows,” Live Nation said in a statement. The lawsuit highlights how regulators now believe, more than a decade on, that the behavioral modifications Live Nation agreed to have failed. According to the lawsuit, Live Nation directly manages more than 400 artists, controls around 60% of concert promotions at major concert venues across the country, and controls more than 265 concert venues in North America. And through Ticketmaster, the suit says, Live Nation controls roughly 80% or more of major concert venues’ primary ticketing for concerts.
Persons: Taylor Swift’s, , General Merrick Garland, Swift, Robert Smith, Zach Bryan, Minnesota Democratic Sen, Amy Klobuchar, Connecticut Democratic Sen, Richard Blumenthal, Klobuchar, Blumenthal, John Cornyn, Ted Cruz, Biden, ramping Organizations: Washington CNN, Ticketmaster, Justice Department, Prosecutors, , , DOJ, Regulators, Minnesota Democratic, Connecticut Democratic, Texas Republican, District of Columbia, Court, Southern, of Locations: New York, United States, Texas Republican Sens, North America, Arizona , Arkansas , California , Colorado , Connecticut, Florida , Illinois, Maryland , Massachusetts, Michigan, Minnesota , Nevada , New Hampshire , New Jersey , New York, North Carolina , Ohio , Oklahoma , Oregon , Pennsylvania, Rhode Island , South Carolina , Tennessee , Texas, Virginia, Washington, West Virginia , Wisconsin , Wyoming, of New York
Snowflake posted $829 million in revenue, while analysts polled by LSEG had called for $786 million. Adjusted earnings for the period came in at 14 cents a share, however, missing the consensus estimate by 4 cents. Beauty — The cosmetics maker added 3.4% after easily surpassing consensus forecasts from analysts surveyed by FactSet for the fiscal fourth quarter. posted 53 cents in earnings per share, excluding items, on $321.1 million in revenue, while analysts penciled in just 33 cents on $292.6 million in revenue. On top of that, LiveRamp offered firm revenue guidance for both the current quarter and full year.
Persons: Snowflake, LSEG, NetEase, FactSet, e.l.f, LiveRamp, Cytokinetics, Goldman Sachs, Morgan Stanley, Ed Bred, Lori Koch, Alibaba, GoodRX, , Jesse Pound, Pia Singh, Yun Li, Tanaya Macheel, Sarah Min, Michelle Fox Organizations: Nvidia, Micro, Taiwan Semiconductor, Bloomberg, Department of Justice, of, News, Corp, JPMorgan, DuPont de Nemours, DuPont, Bloomberg News, Bank of America, RBC, Hasbro —, Hasbro Locations: Southern, of New York,
U.S. Calls for Breakup of Ticketmaster Owner
  + stars: | 2024-05-23 | by ( David Mccabe | Ben Sisario | ) www.nytimes.com   time to read: 1 min
The Justice Department on Thursday sued Live Nation Entertainment, the concert giant that owns Ticketmaster, asking a court to break up the company over claims it illegally maintained a monopoly in the live entertainment industry. In the lawsuit, which is joined by 29 states and the District of Columbia, the government accuses Live Nation of dominating the industry by locking venues into exclusive ticketing contracts, pressuring artists to use its services and threatening its rivals with financial retribution. Those tactics, the government argues, have resulted in higher ticket prices for consumers and have stifled innovation and competition throughout the industry. “It is time to break up Live Nation-Ticketmaster,” Merrick Garland, the attorney general, said in a statement announcing the suit, which is being filed in the U.S. District Court for the Southern District of New York.
Persons: ” Merrick Garland Organizations: Department, Thursday, Nation Entertainment, Ticketmaster, District of Columbia, Southern, of Locations: U.S, of New York
Read previewA former model filed a lawsuit Tuesday, accusing embattled music mogul Sean "Diddy" Combs of sexually assaulting her in 2003. Crystal McKinney, according to a lawsuit obtained by Business Insider, met Combs at a 2003 Men's Fashion Week event in Manhattan when she was 22. According to the lawsuit, McKinney was introduced to Combs by a fashion designer who believed Combs could "advance her modeling career." AdvertisementAccording to the lawsuit, McKinney was invited back to Combs' recording studio and given what she believed to be laced marijuana. One woman said in her suit filed in December that Combs "sex trafficked and gang raped" her as a 17-year-old in 2003.
Persons: , Sean, Diddy, Combs, Crystal McKinney, McKinney, Comb's, Cassie Ventura, Ventura, Aaron Dyer, Dyer, Mr Organizations: Service, Business, New York's Southern, Court, NYC, Associated Press, CNN, Los Angeles Hotel, Department of Homeland Security Locations: Manhattan, New York's, Los, Los Angeles, Miami
Read previewRobert F. Kennedy's children have spent a lifetime trying to add their marks to their slain father's legacy. The first Kennedy to run for the presidency in decades, Robert F. Kennedy Jr. is doing so without the family's well-documented loyalty. Born into privilege in 1954, Robert F. Kennedy Jr. was raised between Massachusetts and suburban Virginia estates. Robert F. Kennedy Jr. was later a pallbearer at his father's funeral, joined by Astronaut John Glenn and former Defense Secretary Robert McNamara. Robert F. Kennedy Jr. was one of the pallbearers in his father's funeral.
Persons: , Robert, Robert F, Kennedy, Kennedy Jr, McLean, Ethel Kennedy, wasn't, Kathleen, Joseph P ., Hubert Humphery's, Astronaut John Glenn, Robert McNamara, Michael Ochs, Jack Paar, Oprah, Frank M, Johnson Jr, Emily Black, Robert Morgenthau, JFK, Robert Boyle, Mary Richardson, Kerry Kennedy, Boyle, William Wegner, Wegner, Wegener, spasmodic dysphonia, Richardson, Cheryl Hines, Larry David Organizations: Service, Camelot, Business, RFK, Georgetown Preparatory School, Astronaut, Michael Ochs Archives, Georgetown Prep, Millbrook School, Harvard, JFK, RFK Jr, Civil, London School of Economics, University of Virginia Law School, Southern, of, The New York Times, Natural Resources Defense Council, Fishermen's Association, Washington Post, Hudson, Time Magazine, Los Angeles Times, STAT, World Health Defense Fund, Associated Press Locations: Massachusetts, Virginia, Hickory Hill, McLean , Virginia, New York, Charlottesville, Black's, Bloomington , Indiana, Dominican Republic, Manhattan, of New York, South Dakota, York, Hudson, Bedford
They claim AI stole their voices. Now they’re suing
  + stars: | 2024-05-17 | by ( Clare Duffy | ) edition.cnn.com   time to read: +3 min
Now, Lehrman, along with fellow voice actor Linnea Sage, is suing AI firm Lovo for allegedly commissioning them for voice projects under false pretenses in order to create and sell AI-generated versions of their voices. The Berkeley, California based tech company advertises AI-generated voice technology to be used in marketing, education and product demos. Then in June 2023, Lehrman claims he heard his voice being used on a podcast about the dangers of AI technologies. Sage says she later also discovered her voice in a YouTube video: a recording of a Lovo investor presentation demonstrating its technology. They are voices stolen by LOVO and marketed by LOVO under false pretenses,” the complaint states.
Persons: Paul Lehrman, Linnea Sage, Lovo, Sage, ” Lovo, Lehrman, he’d, LOVO Organizations: New, New York CNN —, Court, New York Times Locations: New York, Berkeley, California, Southern
US Senator Bob Menendez, Democrat of New Jersey, and his wife Nadine Arslanian, arrive at the US District Court, Southern District of New York, in New York City on September 27, 2023. Nadine Menendez, the wife and co-defendant of Sen. Robert Menendez, has been diagnosed with breast cancer, the Democratic lawmaker revealed Thursday during his trial on federal corruption charges. Nadine Menendez "had financial concerns that she kept from Bob," he said. The attorney advised the jurors that every time they hear evidence about Nadine Menendez, they should ask themselves, "What did Bob know?" "Every action Senator Menendez took was to help his constituents," he said.
Persons: Bob Menendez, Nadine Arslanian, Nadine Menendez, Sen, Robert Menendez, Menendez, Nadine, ” Menendez, Nadine Menendez's, Wael Hana, Fred Daibes, Avi Weitzman, Weitzman, Bob, Waldo, Laura Pomerantz, Pomerantz Organizations: Democrat, Court, Southern District of, Democratic, NBC Locations: New Jersey, Southern District, Southern District of New York, New York City, Manhattan, Jersey, U.S
The Department of Justice on Wednesday announced the indictment of two brothers for allegedly stealing $25 million in cryptocurrency within roughly 12 seconds. DOJ called it a "first-of-its kind" fraud, detailing the seconds-long scheme where the brothers allegedly manipulated the Ethereum blockchain to redirect pending transactions and steal $25 million. "As we allege, the defendants' scheme calls the very integrity of the blockchain into question," said U.S. Attorney Damian Williams for the Southern District of New York in a statement. Anton Peraire-Bueno, 24, and James Pepaire-Bueno, 28, were arrested on Tuesday for charges of wire fraud and money laundering. The Pepaire-Bueno brothers studied math and computer science "at one of the most prestigious universities in the country," according to the DOJ.
Persons: Damian Williams, Anton Peraire, James Pepaire, Bueno Organizations: Justice, Wednesday, DOJ, Southern, of Locations: cryptocurrency, of New York
Two brothers were arrested and charged with pulling off a $25 million crypto heist in seconds. The DOJ said the Peraire-Bueno brothers tampered with the ethereum blockchain and funneled money to private accounts. AdvertisementTwo brothers were arrested and charged with a major crypto heist, the Department of Justice said on Wednesday. The pair stole around $25 million worth of crypto in a heist that took about 12 seconds. The Peraire-Bueno brothers were arrested on Tuesday and are set to appear in two separate courts Wednesday afternoon.
Persons: Bueno, , Anton Peraire, James Peraire, Damian Williams, they've Organizations: DOJ, Service, Department of Justice, New, IRS, Southern, Justice Department Locations: Boston, New York
Jury selection begins Monday in the federal criminal trial of U.S. Sen. Bob Menendez, D-N.J., who is charged with accepting "hundreds of thousands of dollars" in bribes — including some in gold bars — in return for official acts. It also alleges the couple received "gold bars, payments toward a home mortgage, compensation for a low-or-no-show job, a luxury vehicle and other items of value," such as jewelry and exercise equipment. The other two, Fred Daibes and Wael Hana, have pleaded not guilty and will stand trial alongside Menendez. The indictment noted a search of Menendez's home in 2022 turned up "two one-kilogram gold bars and nine one-ounce gold bars that had serial numbers indicating they had previously been possessed" by Daibes. The federal criminal trial is the second Menendez has faced since he was elected to the Senate in 2006.
Persons: . Sen, Bob Menendez, he's, Nadine Menendez, Damian Williams, Jose Uribe, Fred Daibes, Wael Hana, Menendez, Daibes, Uribe, He's, Donald Trump Organizations: ., Senate Foreign Relations, Prosecutors, Southern, of New York, Government, Democratic, Senate, Democratic Party Locations: New Jersey, Qatar, Egypt, Hana, Cuba, Florida, Paris
Senator Robert Menendez arrives at the federal courthouse in Manhattan, New York, United States on May 13, 2024. A judge on Monday admonished attorneys for playing legal games shortly after they convened for the start of the federal bribery trial of Sen. Robert Menendez, D-N.J."There's been too much gamesmanship here," Judge Sidney Stein told prosecutors and defense attorneys before jury selection began for the trial in federal court in Manhattan. His wife, Nadine Menendez, is also charged in the corruption case, but her trial was severed from her husband's due to what her lawyers said were medical issues. Prosecutors from the U.S. Attorney's Office for the Southern District of New York told Stein that they expect to lay out their case in four-and-a-half to six-and-a-half weeks. The trial itself could last around six to seven weeks, Stein told dozens of prospective jurors before giving them a rough outline the 18-count indictment against Menendez and his co-defendants.
Persons: Robert Menendez, Sen, There's, Sidney Stein, Stein, I'm, Menendez, Wael Hana, Fred Daibes, Jose Uribe, Prosecutors, Nadine Menendez, Donald Trump, Stormy Daniels Organizations: New, Senate Foreign Relations, Prosecutors, Attorney's, Southern, of, of New York, Manhattan Supreme Locations: Manhattan , New York, United States, Manhattan, New Jersey, Egypt, Qatar, of New
Jury selection for Senator Robert Menendez’s corruption trial starts on Monday in a federal courthouse in Manhattan, a 20-mile drive from Mr. Menendez’s home in northern New Jersey, where for decades he has been a well-known Democratic political leader. His efforts to move the trial to his home turf failed. Jurors picked to decide the case will be from Manhattan, the Bronx or one of several New York counties north of the city. Mr. Menendez, 70, will be tried with two New Jersey businessmen, Fred Daibes and Wael Hana. His wife, Nadine Menendez, 57, was also charged in the bribery scheme but will be tried separately, in July.
Persons: Robert Menendez’s, Menendez’s, Menendez, Fred Daibes, Wael Hana, Nadine Menendez Organizations: Democratic, Prosecutors, U.S, Southern, of Locations: Manhattan, New Jersey, Bronx, New York, of New York, Qatari, Jersey
Here’s what prosecutors say the senator and his wife got:Gold barsProsecutors say Hana and Daibes gave Menendez and his wife gold bars, which were seized by the FBI from the Menendez residence. After returning from a trip to Egypt and getting a ride home from the airport from Daibes’ driver, prosecutors say Menendez searched online for the price of a gold bar. Nadine Menendez needed a new car, apparently after hitting and killing a jaywalker in Bogota, New Jersey, in December 2018. There is a long list of actions prosecutors say Menendez undertook in exchange for all of these alleged bribes. The envelopes of cash prosecutors say bore Daibes’ fingerprints may be more difficult to explain.
Persons: CNN — Democratic Sen, Bob Menendez, Mercedes, Menendez, CNN’s Manu Raju, , , Nadine, Wael Hana, Fred Daibes, Jose Uribe, Daibes, Nadine Menendez’s, Nadine Menendez, Uribe, Hana, , , Qataris, retry Menendez, Salomon Melgen, Melgen, Donald Trump Organizations: CNN — Democratic, Bob Menendez of New, Senate Foreign Relations Committee, Capitol, FBI, Court Southern District of, Prosecutors, Court Southern District of New York Prosecutors, Court Southern District of New York, Menendez, Uribe, Mercedes, Benz, Senate Foreign Relations, US Department of Agriculture, New York, of Justice Locations: Bob Menendez of, Bob Menendez of New Jersey, Egypt, Qatar, New Jersey, Daibes, Court Southern District of New York, Bogota , New Jersey, New
Who Are Key Players in the Menendez Case?
  + stars: | 2024-05-11 | by ( Tracey Tully | Benjamin Weiser | ) www.nytimes.com   time to read: +7 min
Who Are Key Players in the Menendez Case? Mr. Menendez goes to trial on May 13 with two of the businessmen, Fred Daibes and Wael Hana. Fred Daibes New Jersey Real Estate Developer Mr. Daibes is accused of giving Mr. Menendez furniture, gold and cash. Nadine Menendez Mr. Menendez’s Wife Ms. Menendez served as a go-between for Mr. Menendez, Egyptian intelligence officials and men who were seeking political favors from the senator, according to the indictment. Defense LawyersAdam Fee Lawyer for Robert Menendez He previously spent five years as a prosecutor in the U.S. attorney’s office for the Southern District — the same office prosecuting Mr. Menendez.
Persons: Menendez, Robert Menendez, Nadine Menendez, Mr, Fred Daibes, Wael Hana, Menendez's, Daibes, Nadine Menendez Mr, Menendez’s, Ms, Jose Uribe, Uribe, Uribe's, Sidney H, Stein, Bill Clinton, Jennifer Shah, Hassan Nemazee, Damian Williams, Williams, President Biden, Sam Bankman, Fried, Juan Orlando Hernández, Christina Clark, Clark, Charles McGonigal, Catherine Ghosh, Eli Mark, Paul Monteleoni, Robert Hadden, Lara Pomerantz, Ghislaine Maxwell, Jeffrey Epstein, Norman Seabrook, Daniel Richenthal, Sheldon Silver, Michael Avenatti, Adam Fee, Fee, Avi Weitzman, Lawrence Lustberg Organizations: Democrat, Robert Menendez New Jersey, Senate Foreign Relations, Jersey Real, EG, Prosecutors, United, Jose Uribe Former New, Benz, U.S, Southern, of, Democratic, Attorney, Southern District of, ex, Public, New, New York City Housing Authority, Justice Department, Southern District’s, New York State Assembly, Nike . Defense, Southern District Locations: New Jersey, Manhattan, Jersey, Egypt, Qatar, United States, Jose Uribe Former New Jersey, of New York, Southern District, Southern District of New York, Russian, New York City, Brooklyn, Columbia, New York, U.S, California
CNN —Former NBA champion Glen Davis has been sentenced to 40 months in prison for his part in a scheme to defraud the league’s health care plan out of millions of dollars, according to federal court records from the Southern District of New York. Davis – whose nickname while he played in the NBA was “Big Baby” – was also ordered to pay $80,000 in restitution, according to court documents. In November, Davis was found guilty of wire fraud, health care fraud, conspiracy to commit health care fraud and conspiracy to make false statements related to health care matters, court documents show. Williams, who has been called the “leader of the conspiracy” by prosecutors, pleaded guilty to aggravated identity theft and conspiracy to commit health care fraud and wire fraud in 2022, according to a judgment order. The scheme, Strauss said, began around November 2017.
Persons: CNN —, Glen Davis, Davis, , , Terrence Williams, Williams, Rashard Lewis, Kevin C, Cox, Audrey Strauss, Strauss Organizations: CNN, NBA, Southern, of, Seattle Supersonics, Oklahoma City Thunder, Boston Celtics, Celtics, Orlando Magic, Los Angeles Clippers, Orlando, Eastern, FBI, Manhattan Locations: of New York, Beverly Hills , California, Taiwan
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Using this status, they could access a special security lane at John F. Kennedy International Airport without undergoing typical passenger screening procedures. Advertisement"Flight attendants are ideal for smuggling bulk cash" for this reason, a Homeland Security Investigations special agent wrote in the indictments. Related storiesThe pair believed the money was the proceeds of narcotics trafficking and needed to be transported, according to the indictment. AdvertisementHe said the investigation "exposed critical vulnerabilities in the airline security industry" and has "illuminated methods that narcotics traffickers are utilizing."
Persons: , — Charlie Hernandez, Sarah Valerio Pujols, Emmanuel Torres, Jarol Fabio, John F, Damian Williams, Hernandez, Pujols, Torres, Fabio, HSI, Ivan J, Arvelo Organizations: Service, Business, US, Office, of, Transportation Security Administration, Kennedy, Homeland Security Investigations, Pujols, Customs, Border, JFK, Delta Airlines, NBC News, Delta Locations: New York, Dominican Republic, Southern, of New York
Investor found guilty in Trump Media insider trading case
  + stars: | 2024-05-09 | by ( Matt Egan | ) edition.cnn.com   time to read: +3 min
CNN —An investor in the shell company that merged with Trump Media was found guilty on Thursday of insider trading linked to that blockbuster deal, according to federal prosecutors. “Garelick’s federal conviction is yet another stark reminder that insider trading is always a losing bet.”Garelick was among three men who were arrested and charged last June in the insider trading case. The other two, Florida venture capitalist Michael Shvartsman and his brother Gerald Shvartsman, pleaded guilty last month to participating in the insider trading scheme. Prosecutors have not alleged that former President Donald Trump, the chairman and leading shareholder of Trump Media, had any involvement in the scheme. Beyond their own purchases, prosecutors say Garelick and his co-defendants tipped off friends and colleagues who also bought securities in Digital World before the Trump Media deal was announced publicly.
Persons: Bruce Garelick, Garelick, ” Damian Williams, , ” Garelick, Michael Shvartsman, Gerald Shvartsman, Donald Trump, Michael, rhough, Trump Organizations: CNN, Trump Media, Acquisition, Truth Social, Southern, of, Prosecutors, Digital, Nasdaq, rhough Trump Media Locations: of New York, Florida
Washington CNN —Hope Hicks, once a longtime trusted aide in Donald Trump’s inner circle, is testifying Friday in the New York hush money trial after being subpoenaed. As CNN reported previously, Hicks appeared before the grand jury last year before Trump was indicted, as did Trump counselor Kellyanne Conway. According to reporting from “The Divider: Trump in the White House, 2017-2021,” Trump is quoted as saying, “Well, Hope doesn’t believe in me.”“No, I don’t,” Hicks replied, according to the book. “Nobody’s convinced me otherwise.”In October 2022, Hicks testified before the House select committee investigating the January 6, 2021, Capitol riot. In a video clip played by the committee, Hicks testified about a conversation she had with Trump after the election, regarding his baseless claims of election fraud.
Persons: Washington CNN — Hope Hicks, Donald Trump’s, , ” Hicks, Hicks, Trump, Kellyanne Conway, Cohen, Stormy Daniels, Rob Porter, Trump’s, Porter, ” Trump, Hope doesn’t, , “ Nobody’s, Trump “, ’ ” Hicks, Daniels, ” Cohen, Prosecutors, upended, , David Pecker, Dylan Howard, Stephanie Clifford, I’ve, Sheila Jackson Lee, Jerry Nadler, Nadler, Organizations: Washington CNN, CNN, Trump, Trump Organization, White, House Intelligence, Fox News, Trump White, House, Capitol, Politico, US, of, American Media Inc, AMI, National Enquirer, FBI, ” Prosecutors, Democratic Rep, New York Democrat Locations: New York, Southern, of New York, Trump’s
A woman in New York who was using TikTok to sell unauthorized weight-loss drugs, including products labeled Ozempic, is facing charges of smuggling and receiving and distributing misbranded drugs, federal prosecutors said. The arrest on Wednesday of Isis Navarro Reyes, 36, who also went by Beraly Navarro and, according to prosecutors, was not licensed to administer medication, followed an investigation that involved an undercover officer. Late last year, the officer sent a message to a cellphone number listed by her at the end of a TikTok video. In the video, Ms. Reyes, of Shirley, N.Y., on Long Island, showed her viewers how to inject what she claimed was Ozempic and shared her experience using the drug. In January, after exchanging messages with Ms. Reyes, the officer asked to buy some Ozempic, a drug for diabetes that has become popular for weight loss.
Persons: Isis Navarro Reyes, Beraly Navarro, Reyes Organizations: Southern, of Locations: New York, Shirley, N.Y, Long, of New York
A woman in upstate New York was arrested on Wednesday and charged with fraudulently claiming to be a Purple Heart recipient, federal prosecutors said. The woman, Sharon Toney-Finch, 43, of Newburgh, N.Y., defrauded military charities and the Department of Veterans Affairs by lying about having received the Purple Heart, a military award given to those wounded or killed in action, Damian Williams, the U.S. attorney for the Southern District of New York, said in a statement. Ms. Toney-Finch claimed that she had survived a terrorist attack on her convoy in Iraq while serving a tour in March 2010, the statement said. She also claimed to have been wounded in a mortar attack the preceding February. In March 2016, Ms. Toney-Finch began collecting disability benefits from the department after lying about getting injured during her military service, federal prosecutors said.
Persons: Sharon Toney, Finch, Damian Williams, Ms, Toney Organizations: Department of Veterans Affairs, Southern, of Locations: New York, Newburgh, N.Y, U.S, of New York, Iraq
Cash App, introduced in 2013, allows users to send and receive money instantaneously among themselves and to buy stocks and Bitcoin. As of December, Cash App had 56 million active transacting accounts and $248 billion in inflows during the previous four quarters, the company said. (Merchants are considered customers at Square, while users are considered customers at Cash App.) Cash App is not a bank, but it uses external banking partners to conduct various services. On March 29, Sutton Bank settled a consent order with the Federal Deposit Insurance Corp. that echoed the whistleblowers' allegations.
Persons: Jack Dorsey, Block, Venezuela —, Edward Siedle, Prosecutors, Cash, OFAC, Lawrence Summers, Sharon Rothstein, Summers, Rothstein, Lord Paul Deighton, Goldman Sachs, Deighton, Dorsey, Banks, Sutton, James Booker Organizations: Twitter, Southern, of, NBC, NBC News, Securities and Exchange Commission, Block, Foreign Assets Control, U.S . Treasury, Cash, OFAC, Goldman, Financial Market, Bank of Lithuania, Payments Lithuania UAB, PayPal, Consumer Finance Protection Bureau, Sutton Bank, Federal Deposit Insurance Corp, FDIC Locations: of New York, Cuba, Iran, Russia, Venezuela, Ohio, Sutton
Eight U.S. newspaper publishers filed suit against Microsoft and OpenAI in a New York federal court on Tuesday, claiming the technology companies reuse their articles without permission in generative artificial intelligence products and incorrectly attribute inaccurate information to them. The group of eight newspaper publishers takes issue with ChatGPT and Microsoft's Copilot assistant — available in the Windows operating system, the Bing search engine, and other products the software maker produces. The legal challenge comes four months after The New York Times sued OpenAI over copyright infringement in the ChatGPT chatbot that the startup released in late 2022. The New York Times case also touched on the matter of OpenAI models regurgitating information from its articles. Correction: This article has been updated to reflect the correct day the lawsuit against Microsoft and OpenAI was filed.
Persons: Sam Altman, Microsoft's, OpenAI, Axel Springer Organizations: Economic, U.S, Microsoft, Bing, Southern, of, New York Daily News, Chicago Tribune, Orlando Sentinel, Sun Sentinel, The Mercury, The Denver Post, Orange County Register, Pioneer Press of Minnesota, CNBC, New York Times, OpenAI's, Financial, Google Locations: Davos, Switzerland, New York, U.S, of New York, Florida, California, Orange
Eight daily newspapers owned by Alden Global Capital sued OpenAI and Microsoft on Tuesday, accusing the tech companies of illegally using news articles to power their A.I. All are owned by MediaNews Group or Tribune Publishing, subsidiaries of Alden, the country’s second-largest newspaper operator. In the complaint, the publications accuse OpenAI and Microsoft of using millions of copyrighted articles without permission to train and feed their generative A.I. products, including ChatGPT and Microsoft Copilot. This, it said, reduced the need for readers to pay subscriptions to support local newspapers and deprived the publishers of revenue both from subscriptions and from licensing their content elsewhere.
Persons: OpenAI, Paul, Paul Pioneer Press — Organizations: Alden Global Capital, Microsoft, New York Daily News, The Chicago Tribune, The Orlando Sentinel, The Sun Sentinel, San Jose Mercury News, The Denver Post, Orange County Register, Paul Pioneer Press, U.S . Southern, of, MediaNews Group, Tribune Publishing Locations: Florida, Orange, U.S, of New York, Alden
Not long after Eric Adams became the mayor of New York City, he quickly rewarded a cadre of loyalists with plum jobs in his administration. Now Mr. Adams is casting favor upon a new set of people looking out for his interests: defense lawyers. The firm has already been paid more than $730,000 by the mayor’s five-month-old legal defense fund. Mr. Adams intends to bring aboard Randy Mastro, a lawyer known for his aggressive tactics and roster of contentious clients and causes, to represent him as the city’s corporation counsel. Mr. Mastro would earn roughly $250,000 a year and would replace Sylvia Hinds-Radix, a former judge who has a more reserved style.
Persons: Eric Adams, Adams, WilmerHale, Randy Mastro, Mastro, Sylvia Hinds Organizations: of Locations: New York City, Southern, of New York, Turkish
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