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The Securities and Exchange Commission is preparing “numerous counts” against Elon Musk, according to a letter from his lawyer that Musk posted to X. It has also “reopened an investigation into Neuralink” The Verge reported. The letter is short on specifics — such as what the charges may be, and how many Musk companies are affected. Instead, Musk’s lawyer, Alex
Kent Walker, President, Global Affairs & Chief Legal Officer, Google & Alphabet, posted: "DOJ's staggering proposal would hurt consumers and American's global technology leadership" As part of its lawsuit over how we distribute Search, the U.S. Department of Justice (DOJ) tonight filed a staggering proposal that seeks dramatic changes to Google services. DOJ had a chance to propose remedies related
A federal jury in Delaware awarded Apple Inc. $250 on Friday, finding the original designs of Masimo Corp’s smartwatches infringed Apple Watch design patterns, Bloomberg Law reported. The jury’s mixed verdict marks the latest chapter in a long-running clash over smartwatch patents pitting Apple, a tech giant worth more than $3.5 trillion, against Masimo valued at $7.5 billion. The dispute
The Department of Justice has filed an antitrust lawsuit against Visa, alleging that the financial services firm has an illegal monopoly over debit network markets and has attempted to unlawfully crush competitors, including fintech companies like PayPal and Square. The lawsuit, which was first rumored by Bloomberg, follows a multiyear investigation of Visa, which the company disclosed in 2021, The
The U.S. Department of Justice and eight state attorneys general have filed an antitrust suit against the real estate software company RealPage accusing it of colluding with landlords to decrease competition and artificially inflate rental prices, Gizmodo reported. The complaint alleges that the Texas-based company feeds nonpublic information about rent rates and lease terms between competing landlords into its algorithms,
A U.S. judge on Monday threw out Elon Musk’s lawsuit against a nonprofit group that faulted him for allowing a rise in hate speech on his social media platform X, formerly known as Twitter, Reuters reported. U.S. District Judge Charles Breyer in San Francisco said it was “evident” that Musk’s X Corp sued the Center for Countering Digital Hate (CCDH)
Bankrupt crypto exchange FTX on Monday sued the parents of founder Sam Bankman-Fried, saying that Stanford professors Joseph Bankman and Barbara Fried used the company to enrich themselves at the expense of FTX’s customers, Reuters reported. FTX, now being led by turnaround specialist John Ray, said that company founder Sam Bankman-Fried ran FTX as a “family business” and misappropriated billions