Bank of America has to pay up for "double-dipping" on overdraft fees, withholding reward bonuses, and opening accounts without authorization.
The Consumer Financial Protection Bureau has ordered Bank of America to pay more than $100 million to customers in Michigan and 37 other states.
Read more at Patch
The June 9 decision hewed closely to the US Court of Appeals for the Third Circuit’s analysis earlier this year in its dismissal of a Johnson & Johnson subsidiary’s bankruptcy on similar grounds.
The two rulings are a pair of major setbacks for solvent companies eyeing bankruptcy to handle mass tort liabilities—a practice that has seen substantial growth in recent years.
Read more at Bloomberg Law
The Securities and Exchange Commission (SEC) showed it isn’t pulling punches by going after the two most prominent names in the business, Binance and Coinbase, slapping them both with lawsuits accusing them of registered securities violations.
Read more at Forbes
Holograms have the potential to make witness testimony more convenient and accessible should courts and administrative agencies adopt the technology.
However, it’s not yet clear whether hologram witness testimony would pass constitutional muster
Read more at WKBN
After completing 95 multiple choice questions and 12 essay questions, the bot performed on average at the level of a C+ student, achieving a low but passing grade in all four courses.
Read more at CNN
Twenty-six words tucked into a 1996 law overhauling telecommunications have allowed companies like Facebook, Twitter and Google to grow into the giants they are today.
A case coming before the U.S. Supreme Court this week, Gonzalez v. Google, challenges this law—namely whether tech companies are liable for the material posted on their platforms.
Read more at Tech Xplore
FTX Customers Sue Financiers for Giving Bankrupt Crypto Exchange an 'Air of Legitimacy'
The customers said the defendants lent FTX an "air of legitimacy" by vouching that they had examined its operations--with a Sequoia executive once saying "we did our homework"--and found them "safe and secure" for cryptocurrency investors.
Read more at US News
The spy who wasn’t? New York police officer wants badge back
Angwang, a former U.S. Marine, spent six months in a federal detention center before he was freed on bail while awaiting trial on charges that he fed information about New York’s Tibetan community to officials at the Chinese consulate in New York.
Then, just as suddenly, it was over. Federal prosecutors in Brooklyn dropped the charges Jan. 19, saying only that they were acting “in the interest of justice.” They didn’t explain further.
Read more at PIX11
NFTs and Intellectual Property: What Do You Actually Own?
Copyright law does not give an NFT owner any rights unless the creator takes affirmative steps to make sure that it does.
Read more at CoinDesk
Johnson & Johnson faces about 40,000 cancer lawsuits that allege tainted talc in the company's baby powder formula caused cancer for its users. The company has already been forced to pay billions of dollars in damages.
Read more at Yahoo News
