legal

The Trump administration defended the Pentagon's move to blacklist Anthropic, arguing the decision was both legal and justified. The Trump administration argued in a court filing that Anthropic's First Amendment claims are "unlikely to succeed," saying the government's actions were driven by...

Livestream shopping platform Whatnot is facing allegations of operating an illegal gambling operation and violating the RICO Act by allowing sellers to conduct randomized box breaks and randomized repack breaks—sealed packages of collectible items—on its platform. Attorney Paul Lesko at Leskow Law...

Artificial intelligence company Anthropic filed a lawsuit against the U.S. Department of Defense, escalating its ongoing clash with the Trump administration. The company has been under fire for its AI models being used by the Pentagon. Tensions stem from concerns about national security and from...

The U.S. Attorney for the Southern District of New York has unsealed an indictment charging several executives of the private‑equity‑backed telecom firm Mobileum Inc. with conspiring to commit securities and wire fraud. The charges stem from an alleged scheme conducted by former Mobileum Chief...

As the legal battle between Elon Musk, OpenAI, and Microsoft Corporation (NASDAQ:MSFT) heats up, Musk has expressed his eagerness for the upcoming trial, promising explosive revelations. Musk, a co-founder of OpenAI, has sued the artificial intelligence firm and its CEO, Sam Altman. He alleges...

A group of 20 states, with California at the forefront, has initiated a lawsuit against the Trump administration. The legal action is in response to a recent imposition of a $100,000 fee on H-1B visa petitions, which the states argue is not only unlawful but also poses a threat to public...

Charlie Javice, a convicted startup founder, is facing allegations of billing JPMorgan Chase & Co. (NYSE:JPM) for personal expenses as part of a $74 million legal claim. What Happened: Javice, who was convicted for defrauding JPMorgan, is believed to have charged the bank for personal...

Snap Inc (NYSE:SNAP) has filed a motion to dismiss a lawsuit brought by New Mexico Attorney General Raúl Torrez. The lawsuit alleges that the company’s platform facilitates child exploitation. Snap argues that the lawsuit misrepresents its practices and is based on flawed interpretations of...

Former Abercrombie & Fitch Company (NYSE:ANF) CEO Mike Jeffries has entered a plea of not guilty to allegations of sex trafficking and interstate prostitution. Attorneys submitted the plea on Jeffries’ behalf in a New York federal court located on Long Island, reported BBC. He sat...

Editor’s Note: The headline and article have been corrected to clarify that Google Ventures is leading a Series A funding round in Genie AI. Google Ventures, the venture capital arm of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), is leading a Series A funding round in Genie AI, the world's...

AbbVie Inc (NYSE:ABBV) has petitioned the U.S. Supreme Court to protect its corporate records, arguing that a lower court ruling threatens the confidentiality of attorney communications. The pharmaceutical company is seeking to overturn a decision by the 3rd U.S. Circuit Court of Appeals, stating...

Social Reality Inc (NASDAQ: SRAX) announced late Friday a litigation settlement with tronc Inc (NASDAQ: TRNC) and Tribune Content Agency over an alleged breach of contract and deceptive business practices. The settlement agreement saw neither party admitting fault or liability and resolution...

Last week at the Conservative Political Action Conference (CPAC), a straw poll surprisingly indicated that the Republican party’s conservative wing is in favor of some form of marijuana legalization. This is a positive sign for marijuana stock traders, as the conservative movement has...

Officials at Toyota Motors (NYSE: TM) must be ending this month with mixed emotions. New January-to-September sales figures show the auto-maker on top of the international market. But at the same time the company is dealing with the fallout of a jury decision late last week – that found Toyota...