Court Rules OFAC Exceeded Authority in Sanctioning Tornado Cash Smart Contracts
Court Rules OFAC Exceeded Authority in Sanctioning Tornado Cash Smart Contracts. In August 2022, the U.S. Office of Foreign Assets Control (OFAC) imposed sanctions on Tornado Cash, a cryptocurrency mixing service, accusing it of laundering over $7 billion in digital currency since its creation in 2019. OFAC stated that Tornado Cash played a key role […]
White & Case Advises Banco Mercantil del Norte on $1.5 Billion Tier 1 Capital Notes Issuance
White & Case Advises Banco Mercantil del Norte on $1.5 Billion Tier 1 Capital Notes Issuance. White & Case LLP has advised Banco Mercantil del Norte (Banorte), one of Mexico’s leading banking institutions, in its issuance of US$1.5 billion in Tier 1 capital notes. The issuance, finalized on November 20, 2024, marks a significant milestone […]
Ron Simon & Associates and The Gomez Trial Attorneys File Lawsuit Against Grimmway Farms Over E. Coli Outbreak Linked to Organic Carrots
Ron Simon & Associates and The Gomez Trial Attorneys File Lawsuit Against Grimmway Farms Over E. Coli Outbreak Linked to Organic Carrots. In a recent legal move aimed at protecting consumers and holding responsible parties accountable, Ron Simon & Associates, a leading national food poisoning law firm, has partnered with The Gomez Trial Attorneys to […]
£7 Billion Legal Action Against Google Approved for Trial Over Market Dominance
£7 Billion Legal Action Against Google Approved for Trial Over Market Dominance. A £7 billion legal action against Google, accusing the tech giant of exploiting its dominance in the search engine market, has been approved to proceed to trial by the Competition Appeal Tribunal (CAT). The claim, led by consumer rights advocate Nikki Stopford, alleges […]
Ukrainian Citizen Pleads Guilty to Tax Fraud and Money Laundering Charges, Causing Over $9.5M in U.S. Tax Loss
Ukrainian Citizen Pleads Guilty to Tax Fraud and Money Laundering Charges, Causing Over $9.5M in U.S. Tax Loss. Oleg Oliynyk, a Ukrainian citizen, pleaded guilty to charges of conspiracy to defraud the United States and conspiracy to engage in money laundering. The charges stem from his involvement in a large-scale illegal operation spanning from August […]
Baker Mayfield Faces Legal Battle Over $12 Million Dispute with Family Business
Baker Mayfield Faces Legal Battle Over $12 Million Dispute with Family Business. Tampa Bay Buccaneers quarterback Baker Mayfield, 29, is embroiled in an ongoing legal dispute with his family in Austin, Texas. On November 22, Mayfield’s legal team filed a lawsuit in U.S. District Court, claiming that Camwood Capital Management Group, owned by his father […]
Social Media Platforms Urge Australian Government to Delay Age Restrictions for Children Under 16
Social Media Platforms Urge Australian Government to Delay Age Restrictions for Children Under 16. Social media platforms are calling on the Australian government to postpone its proposed age restrictions that would prevent children under 16 from accessing social media. A representative from the digital industry has urged Parliament to delay the implementation of the legislation […]
Weil, Gotshal & Manges LLP Advises PSG on $800M Investment in LogicMonitor
Weil, Gotshal & Manges LLP Advises PSG on $800M Investment in LogicMonitor. Weil, Gotshal & Manges LLP advised PSG, in partnership with Golub Capital and other investors, on their $800 million investment in LogicMonitor, a top SaaS-based hybrid observability platform. This investment increases LogicMonitor’s total valuation to around $2.4 billion, including debt. LogicMonitor specializes in […]
Florida Man Arrested for Impersonating Elon Musk in $250,000 Fraud Scheme
Florida Man Arrested for Impersonating Elon Musk in $250,000 Fraud Scheme. A Florida man has been arrested for impersonating tech billionaire Elon Musk in an attempt to defraud a 74-year-old woman out of at least $250,000, according to law enforcement officials. Jeffrey Arthur Moynihan Jr., 56, was taken into custody in Bradenton on Tuesday evening […]
Blake Anderson Files $15 Million Lawsuit Against Utah State University
Blake Anderson Files $15 Million Lawsuit Against Utah State University. Blake Anderson, 55, the former head coach of the Utah State University (USU) football team, has filed a $15 million civil lawsuit against his previous employer, USU, and two key executives. The lawsuit filed on November 19, cites four grounds, including breach of contract and […]
Bronstein, Gewirtz & Grossman, LLC Announces Class Action Against Lilium N.V.
Bronstein, Gewirtz & Grossman, LLC Announces Class Action Against Lilium N.V. Bronstein, Gewirtz & Grossman, LLC, a prominent law firm, has announced the initiation of a class action lawsuit against Lilium N.V. and several of its executives. The lawsuit seeks compensation for investors who purchased or acquired Lilium securities between June 11, 2024, and November […]
Dentons Welcomes High Yield & US Securities Finance Partner Colin Chang to London Team
Dentons Welcomes High Yield & US Securities Finance Partner Colin Chang to London Team. Dentons is pleased to announce the addition of Colin Chang as a partner, specializing in high yield and US securities finance to its Capital Markets team in London. Colin Chang is set to join the firm in January 2025. Prior to […]