A Manhattan federal judge has green-lighted legal action against global retail giant Alibaba for allegedly allowing the sale of imitation Squishmallows. The plush toy, a favorite among children, is at the center of a copyright and trademark dispute spearheaded by Kelly Toys, a subsidiary of Jazwares—now under the umbrella of Warren Buffett’s Berkshire Hathaway. Despite Alibaba’s […]

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The United States Securities and Exchange Commission (SEC) is now under the microscope after District Judge Robert Shelby issued a stark warning. The SEC, once the enforcer, may face sanctions over claims of misleading the court in a case involving the cryptocurrency firm DEBT Box. The SEC’s attorney, Michael Welsh, initially secured an asset freeze […]

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Tata Consultancy Services (TCS), a global powerhouse in IT services, has announced a substantial $125 million provision in its upcoming third-quarter financials. This move is in direct response to a longstanding legal battle with Epic Systems, a U.S.-based healthcare software firm. The legal saga, which began with a 2014 lawsuit from Epic, accused TCS of […]

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In a recent legal development, a Parisian developer has admitted to wire fraud in connection with a counterfeit NFT project titled Mutant Ape Planet. This project, which mimicked the popular Mutant Ape Yacht Club series, has placed its originator at risk of a substantial prison sentence, as confirmed during court proceedings in New York. Authorities […]

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In an unprecedented legal outcome, Sam Bankman-Fried, the founder of the defunct cryptocurrency exchange FTX, has been convicted on all charges in a high-profile fraud case. The verdict, delivered by a federal jury, marks a pivotal moment in financial justice, as Bankman-Fried was found culpable of misappropriating billions from the exchange’s customers. The conviction, handed […]

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FTX’s founder, Sam Bankman-Fried, unequivocally stated his innocence while testifying in a federal courtroom. Accused of defrauding his customers to the tune of billions, he stepped up to shed light on his actions – or, as he asserts, the lack of fraudulent ones. “Did you defraud anyone?”, asked Mark Cohen, his attorney. “No, I did […]

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In the rapidly evolving tech landscape, the U.S. Justice Department’s monumental antitrust trial against Alphabet’s Google has taken a significant turn with the testimony of Microsoft’s chief executive, Satya Nadella. Nadella’s Moment in the Spotlight Satya Nadella, the CEO of Microsoft, took the stand to shed light on the intricacies of the antitrust allegations against […]

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In the latest twist of the ongoing saga between Fortnite’s creator, Epic Games, and enterprise giant Apple, Epic has taken its grievances to the highest court in the land. The Core Issue At the heart of the matter, Epic Games alleges that Apple holds an unfair monopoly over the mobile app domain, particularly with its […]

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Recently, Singapore’s Changi Airport became the backdrop for the arrest of Su Zhu, co-founder of the formerly successful Three Arrows Capital (3AC). The Singapore Courts had issued an order against Zhu, leading to his detainment as he tried to leave the nation. What Led to the Arrest? For those unfamiliar with the term, a committal […]

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