Legal & Regulatory

Zirtual faces lawsuit for abrupt mass layoff

A lawsuit filed against Zirtual by employees who were allegedly terminated by the company without prior notice. The company provides a pool of virtual assistants for busy professionals for a fee. It has its main office in Las Vegas and employed virtual assistants all over the country.


Bumble Bee Foods to pay $6M in fees for horrific death of worker

Three years ago, Jose Melena, 62, was burned alive inside the Bumble Bee Foods industrial oven. On Wednesday, Bumble Bee Foods was required to pay $6 million total in fees for the incident.

Judge Rules NYC Responsible Banking Act Unconstitutional as it Conflicts with Existing Federal and State Statutes

A three-year-old law in New York City created to keep tabs on their social efforts to meet the needs of their low-income neighbors was deemed unconstitutional, according to a US federal judge.

Traders and hackers earned $100M on stocks from stealing news

A group of traders and web hackers accumulated over $100M by gaining access to corporate press releases on news websites Market Wired, PR Newswire and Business Wire before the news were published. The hackers have been trading the advance stolen news to Wall Street traders for five years, fed authorities caught on Tuesday.


Latest News

Citibank admitted on Monday that it is under investigation by the Consumer Financial Protection Bureau (CFPB) over its student loan services.
Since 2009, the University of Phoenix has received $488 million from its online programs that are popular to military veterans with GI Bill benefits. The Federal Trade Commission is investigating the University for unfair and deceptive practices involving veteran students.
Minimum wage increase has been a lingering issue in most economies. Part of the battle is determining its effects; however, shortly after Seattle began implementing $15 per hour minimum wage, a new study emerged focusing on increased product prices.
Citigroup's consumer bank has been fined to pay $700milion for its illegal credit card practices. The US Consumer Financial Protection Bureau (CFPB) has observed that Citibank's seven million customer accounts have been charged with misrepresenting costs fees. The consumer finance watchdog has also said that customers were charged for services not rendered to them. CFPB further notes that customers were affected by Citibank's deceptive marketing practices.
Apple and Nike will reportedly settle the claim filed two years ago over a misleading ad about the exact capability of Nike+ FuelBand, offering either $15 cash or $25 gift cards on its stores in the U.S. and Puerto Rico.
U.S. authorities dig deeper into the alleged FIFA financial fiasco, contacting more than half a dozen banks associated to the football corruption scandal.
District 43 assembly member Mike Gatto and Sen. Ted Gaines wrote Senate Bill 167 and 168 intended to penalize drone operators for flying near the wildfire site in Sacramento, California.
New York moved on Wednesday to raise the minimum wage for fast-food workers to $15 an hour by the end of 2018 in New York City and by mid-2021 in the rest of the state.
Oracle Corp (ORCL.N) said its copyright infringement lawsuit against software support services company Rimini Street Inc and the smaller rival's Chief Executive Seth Ravin would go to trial in September.
The Australian state of New South Wales has proposed changing its mining approval process to give greater consideration to environmental concerns, potentially threatening a colliery expansion planned by mining giant Rio Tinto Ltd.