Legal & Regulatory

Synapse Bankruptcy Update: Trustee Claims $85M of Customer Savings Missing—Will Access To Them Be Restored?

Synapse Bankruptcy Update: Trustee Claims $85M of Customer Savings Missing

Synapse bankruptcy trustee revealed that $85 million in customer savings are missing. Will access to them be restored?


Oil Giant BP's Former Boss Backs Labour Energy Policy, Calls for New North Sea Drilling Licenses To Be Halted

Oil giant BP's former boss, John Browne, seems to support a new Labour energy policy as he calls for the end of North Sea drilling licenses.

Visa and MasterCard Faces Lawsuit Over Overcharged Fees

Visa and Mastercard face new lawsuits over fees charged to retailers, adding to their existing legal battles over high multilateral interchange fees.

Spirit Airlines CEO Denies Bankruptcy Plans Amid Market Struggles

Spirit Airlines CEO reassured that they are not considering Chapter 11 bankruptcy following the collapse of its acquisition by JetBlue Airways.


Latest News

Elon Musk’s xAI Plans to Build World's Largest Supercomputer in Memphis
France has arrested and charged a Palestinian man for allegedly financing terrorism. France has charged a Palestinian man for allegedly financing terrorism and complicity in attempted murder after he was suspected of being involved in attacks against Israelis in the occupied West Bank in 2023.
light
One death prompted a recall of over 1.2 million Good Earth Lighting rechargeable lights in the US and Canada.
Minnesota Woman Allegedly Left Bag of $120,000 as Bribe for Juror in Multimillion-Dollar Fraud Case
The Federal Bureau of Investigation (FBI) has launched an investigation into allegations that a Minnesota woman attempted to bribe a juror with $120,000.
Mike Lynch Wins Major Legal Battle as Jury Acquits Him of Fraud
Autonomy founder Mike Lynch and former finance executive Stephen Chamberlain were acquitted of all fraud charges by a San Francisco jury, marking a significant legal victory following the contentious $11 billion sale of Autonomy to Hewlett-Packard.
Juul Ban Reversal Announced by FDA, Saying E-Cigarette Brand Back Under Agency Review
FDA announced the Juul ban reversal. The American regulator said that the e-cigarette brand is now back under agency review.
US-COMMERCE-ECONOMY-AMAZON
Amazon faces a £1 billion ($1.3 billion) lawsuit from British retailers, led by the British Independent Retailers Association (BIRA), accusing the company of misusing their data to boost its own market share and profits by undercutting them with cheaper rival products.
MoveOn And Progressive Organizations Demand Investigation Into Justice Alito
The Supreme Court ruled in favor of Native American tribes, mandating the government cover substantial overhead costs incurred by tribes when taking control of their healthcare programs. This overturned previous assertions by the Department of Health and Human Services.
SINGAPORE-CRIME-COURTS
Su Jianfeng, involved in Singapore’s largest money laundering case, pleaded guilty, and his sentencing was postponed to Monday. He and his wife agreed to forfeit 95% of seized assets worth $138 million.
American Airlines Passenger's Lost Suitcase Found in Hollywood Homeless Encampment, Contents Missing
The National Association for the Advancement of Colored People (NAACP) has threatened to reimpose a travel ban on American Airlines after eight Black men were removed from a flight last month.
US Initiates Antitrust Investigations on Nvidia, Microsoft, OpenAI as Part of Big Tech Scrutiny
The US Justice Department and the Federal Trade Commission reached an agreement that allowed them to proceed with antitrust inquiries into the significant roles Microsoft, Nvidia, and OpenAI have been doing in the development of artificial intelligence.
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