Legal & Regulatory

Korean Fair Trade Commission Probes Kakao Entertainment Over Alleged Unfair Music Distribution Fees

Korean Fair Trade Commission Probes Kakao Entertainment Over Alleged Unfair Music Distribution Fees

The Korean Fair Trade Commission launches an on-site probe into Kakao Entertainment amid allegations of biased music distribution fees, following claims from industry insiders and K-pop agencies about preferential treatment towards subsidiary labels.


Michigan Insurer Drops Coverage for Weight-Loss Drugs Amid Cost Concerns

Michigan discontinues coverage for Novo Nordisk and Eli Lilly's weight-loss drugs, impacting thousands, citing cost-effectiveness concerns.

US Sanctions Several Firms in Hong Kong, UAE for Involvement in Russian Gold Trade

The US has imposed sanctions on several companies based in Hong Kong and the UAE for involvement in the trade of gold produced by a sanctioned Russian miner.

Megabus Operator Coach USA Files for Bankruptcy, Seeks Sale of Business

Coach USA, the company behind Megabus and several commuter bus lines in the US and Canada, has filed for bankruptcy protection in Delaware.


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Chiquita Brands Ordered to Pay $38.3 Million for Funding Paramilitary Group in Colombia
Chiquita Brands has been ordered by a federal jury in Florida to pay $38.3 million to 16 family members of victims killed by a paramilitary group it funded during Colombia's civil war.
Two Texas Men Get More Than 3 Years in Prison for Conspiracy to Sell Iranian Oil to China
Two Texas men were sentenced to 45 months in prison for trying to sell Iranian oil to a refinery in China in violation of US sanctions.
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The US government has filed a forfeiture complaint to reclaim nearly $200,000 of tether (USDT) from Binance, which was linked to pig-butchering scams that stole over $1 million.
Biden Administration Proposes Rule to Exclude Medical Debt from Most Credit Reports
The Biden administration has proposed a rule to exclude medical debt from most individual credit reports, aiming to protect over 15 million Americans from the negative impact of major health care bills on their borrowing capabilities.
US Bans Imports From 3 More Chinese Companies Tied to Uyghur Forced Labor
The US has added three more firms to a list that blocked imports from companies that are allegedly linked to Uyghur forced laborers in China.
US Sanctions Former Exxon Contractor, Public Official in Guyana Over Alleged Fraud and Bribery
The US has sanctioned a Guyanese mining mogul over accusations of tax fraud and bribery. The United States (US) has sanctioned Guyanese mining mogul Nazar Mohamed and his son Azruddin over accusations of tax fraud and bribery, the Treasury Department announced on Tuesday.
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