Category: Lawsuits

As Genetic testing provider 23andMe faces multiple lawsuits for an October credential stuffing attack that led to the theft of customer data, the company has modified its Terms of Use to make it harder to sue the company. In October, a threat actor attempted to sell 23andMe customer data and, after failing to do so, leaked the data for 1 million…

HAGUE: A group of human rights organisations took the Dutch government to court on Monday, arguing its supply of parts for F-35 fighters contributes to violations of international law in Gaza. The case concerns US-owned F-35 parts stored at a warehouse in the Netherlands and then shipped to several partners, including Israel, via existing export agreements. Oxfam Novib, one of…

Mercer Financial Advice has been ordered by the Federal Court to pay a $12 million penalty for breaching fee disclosure obligations and for wrongly charging fees to customers, ASIC has reported. “This is a significant penalty for a financial advice provider,” said Sarah Court (pictured above), ASIC deputy chair. “Mercer failed in its obligation to provide fee disclosure statements to…

WASHINGTON: US inspectors announced fines against China-based firms Thursday, as part of a broader effort to hold US-listed Chinese companies up to American auditing standards amid simmering geopolitical tensions. These included PwC affiliates in Hong Kong and China, alongside a Chinese audit company. The $7.9 million in penalties unveiled by the Public Company Accounting Oversight Board (PCAOB) represent some of the…

At the peak of the online shopping season, Canadian e-commerce giant Shopify filed a new lawsuit to take a stand against DMCA abuse. The company filed a complaint at a Florida federal court, accusing an Orlando resident of filing dozens of false takedown notices, allegedly to advance their own commercial interests. Signed into law a quarter century ago, the Digital…

An Ontario justice has thrown out a proposed $200-million class action lawsuit against legal software provider Dye & Durham Ltd. DND-T over price hikes and broken promises by the Toronto software company. Ontario Superior Court Justice Edward Morgan last month dismissed the action brought by real estate law firms and D&D clients Burford Law Professional Corp. and Tais Davis. D&D…

U.S. Attorney’s Office Eastern District of California  FOR IMMEDIATE RELEASE Thursday, November 16, 2023 FRESNO, Calif. — A federal grand jury returned a three-count indictment today against Jia Bei Zhu, aka Jesse Zhu, Qiang He, and David He, 62, a citizen of China who formerly resided in Clovis, charging him with distributing adulterated and misbranded medical devices in violation of…

Thomas Flohr, owner of luxury airline VistaJet, must fight a claim that he defrauded a Guernsey investment partnership two decades ago after London’s High Court refused to dismiss the case.  Flohr, who denies the allegations, had tried to have the case thrown out on technical grounds related to the circumstances of the case, in which a previously dissolved partnership was…

Washington D.C., Nov. 2, 2023 — The Securities and Exchange Commission today charged John Hughes, president and chief compliance officer of registered investment adviser Prophecy Asset Management LP, for his involvement in a multi-year fraud that concealed losses of hundreds of millions of dollars from investors. Prophecy Asset Management advised multiple hedge funds and reported more than $500 million in…

FTX founder Sam Bankman-Fried began testifying at his fraud trial on Friday, saying the innovative business he hoped would move the cryptocurrency ecosystem forward ended up doing the opposite and hurting customers. The onetime cryptocurrency golden boy lost his businesses and his reputation as a pioneering entrepreneur in an emerging facet of finance when a rush of customers withdrew their…

Genetic testing provider 23andMe faces multiple class action lawsuits in the U.S. following a large-scale data breach that is believed to have impacted millions of its customers. Late last month, a threat actor leaked 23andMe customer data in a CSV file named ‘Ashkenazi DNA Data of Celebrities.csv’ on hacker forums. The file allegedly contained the data of nearly 1 million Ashkenazi Jews…

As a ‘very large platform’ under the EU’s new Digital Services Act, X is required to respond by next week and could face massive penalties. The European Union (EU) has formally opened an investigation into X, the platform previously known as Twitter, to ensure it’s complying with the Digital Services Act (DSA) following Hamas’ attack on Israel in early October…

Suavecito was the first product that Douglas Mrdeza listed to sell on Amazon back in 2014. He had ordered a bit too much of the specialty hair pomade for his barbershop in East Lansing, Michigan. He wanted to see whether he could offload some online. It sold out. So, he ordered more. This time he paid Amazon some extra money…

It’s been almost 10 months since a trial date was set in Epic’s antitrust lawsuit against Google, and with all of the other big tech cases going on right now, including Google’s other antitrust proceedings, you’d be forgiven for forgetting about this one. But believe it or not, the trial will start in less than a month, on November 6th,…

Sept 28 (Reuters) – Republicans in the U.S. House of Representatives hold their first hearing on Thursday in an impeachment inquiry into Democratic President Joe Biden after months of investigations of his son Hunter Biden’s foreign business dealings. They have not found any evidence of misconduct by Biden himself. The White House says Biden has done nothing wrong and Republicans have no…