Legal

Kalshi was approved for margin trading on the same day Washington’s attorney general sued it for running an illegal gambling operation. The prediction market platform secured a futures commission merchant license through an affiliate called Kinetic Markets LLC. The license would let...

San Francisco Federal Court District Judge Rita Lin sided with Anthropic in its request for a preliminary injunction in its legal battle against the Trump administration, calling it "illegal First Amendment retaliation." This decision temporarily halts the government’s actions to blacklist...

On Thursday, U.S. District Judge Rita Lin temporarily blocked the U.S. government's effort to sideline Anthropic.  Judge Flags ‘First Amendment Retaliation' In AI Dispute Lin specifically criticized directives tied to Donald Trump that sought to cut off federal contracts with Anthropic and...

Fidelity Investments has reached a proposed $2.5 million settlement in a class-action lawsuit concerning an alleged data breach.  The settlement proposal received preliminary approval on Monday in the Massachusetts federal court. The lawsuit claims that more than 155,000 account holders had their...

A jury on Wednesday ruled against Meta Platforms (NASDAQ:META) and Alphabet Inc-owned (NASDAQ:GOOG)(NASDAQ:GOOGL) YouTube in a case about social media addiction. Here's the latest. Meta, YouTube Held Liable By Jury A lawsuit from a 20-year-old woman alleging that YouTube and Meta Platforms apps...

On Tuesday, the city of Baltimore filed a lawsuit against Elon Musk's artificial intelligence firm xAI, claiming its chatbot Grok has been used to create nonconsensual sexually explicit images. Baltimore Accuses xAI Of Enabling Harmful Deepfake Content In a complaint filed in state court, Baltimore...

On Monday, U.S. District Judge Tanya Chutkan denied the federal government's request to dismiss the case, challenging whether Elon Musk wielded unlawful authority during his advisory role in Donald Trump's Department of Government Efficiency. Judge Lets Key Claims Move Forward Chutkan said that the...

San Francisco Federal Court District Judge Rita Lin has given Anthropic until 6 p.m. PST Tuesday to provide a declaration stating that multiple government agencies have terminated or ceased the use of Anthropic's Claude model following the U.S. Department of Defense’s designation of the...

Sen. Josh Hawley (R-MO) has launched an investigation into Fair Isaac Corp. (NYSE:FICO) over the company’s pricing of credit scoring in the mortgage market. On Monday, Hawley sent a letter to FICO announcing his intent to scrutinize the company’s recent price increases for credit...

Sen. Chris Murphy (D-Conn.) and Rep. Mary Gay Scanlon (D-Pa.) introduced legislation on Monday to extend legal protections to health care workers who report patient safety violations, addressing what lawmakers described as a critical gap in federal whistleblower law. The Patient Safety and...

On Monday, jurors in the social media addiction trial told the court that they are struggling to agree on a verdict involving one of the defendants. Jury Signals Deadlock After Weeklong Deliberations The panel did not specify whether the impasse concerns Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL...

More than 80 global executives gathered in Beijing for the China Development Forum, signaling renewed corporate interest in the Chinese market despite ongoing geopolitical tensions. Leaders from major multinationals, including Apple Inc. (NASDAQ:AAPL) and Eli Lilly and Co. (NYSE:LLY), emphasized...

Mangoceuticals Inc. (NASDAQ:MGRX) shares are surging on Monday. However, there is no news to justify the movement. The momentum could be due to last week’s announcement of a lawsuit seeking damages exceeding 73 million dollars against its former technology partner, Clarity Ventures. Lawsuit...

On Friday, a federal judge struck down major portions of a Pentagon policy that allowed officials to suspend or revoke journalists' credentials based on their reporting, dealing a blow to Defense Secretary Pete Hegseth. Judge Blocks Key Parts Of Pentagon Press Policy Senior U.S. District Judge Paul...

Super Micro Computer, Inc’s (NASDAQ:SMCI) co-founder, Yih-Shyan “Wally” Liaw, has resigned from the server maker’s board after a federal indictment accused him of smuggling equipment loaded with Nvidia’s (NASDAQ:NVDA) AI chips into China — a scheme that allegedly...