Robinhood GameStop Lawsuit Dismissal Boosts HOOD Stock
Robinhood nears a settlement and dismissal of the 2021 meme stock lawsuit, boosting HOOD stock significantly. A settlement is nearing completion between Robinhood and the investors who filed a lawsuit against the trading platform in 2021 regarding its decision to suspend trading of specific meme stocks, including GameStop. It is anticipated that the Robinhood meme […]
Coinbase Stands Firm as SEC Case Advances, Wallet Claims Dropped
In a legal showdown with the SEC, Coinbase remains steadfast as the court allows the case to proceed, yet drops claims against the Coinbase Wallet, signaling a nuanced victory for the crypto exchange. In a pivotal legal development, US District Judge Katherine Failla has ruled in favor of the SEC’s right to continue its case against prominent […]
Steve Wozniak Wins Bitcoin Scam Lawsuit Against YouTube
Steve Wozniak, co-founder of Apple, emerged victorious in the most recent phase of a legal dispute with YouTube concerning utilizing altered videos bearing his image to execute a Bitcoin fraud scheme in 2020. Bloomberg reported that an appeals court in San Jose ruled that YouTube cannot invoke a contentious communications statute to absolve itself of […]
DCG, CEO File Motions to Dismiss NYAG’s $3B Lawsuit
Digital Currency Group (DCG), venture capital firm, and its CEO Barry Silbert have filed motions to dismiss the New York Attorney General’s Office (NYAG) $3 billion lawsuit, arguing that the allegations of fraud are without merit. The NYAG initiated legal proceedings in October 2023 against cryptocurrency firms Gemini, Genesis, and DCG because they purportedly defrauded […]
Bankrupt Crypto Lender Genesis Global Settles NY Fraud Lawsuit
Genesis Global, a bankrupt bitcoin lender, and New York Attorney General Letitia James have agreed with claims that Genesis Global misled customers through its now-canceled Gemini Earn program. Pending approval by a bankruptcy judge, the most recent arrangement seeks to return assets to former Earn customers and other Genesis creditors. James sued Genesis, Digital Currency […]