law

Crypto: Woman Receives $7.1 million While Waiting for $68 Refund

Crypto: Woman Receives $7.1 million While Waiting for $68 Refund

It is a regrettable error which is expensive.  This is an error that raises eyebrows and questions the control mechanisms in the crypto industry as a whole.  This risky error is likely to push the regulators to tighten their supervision of the main players in the young industry, which is still trying to earn its …

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Biden signs executive order kick-starting implementation of sweeping US chip manufacturing law

Biden signs executive order kick-starting implementation of sweeping US chip manufacturing law

Biden signed the order just two weeks after signing the law known as the CHIPS and Science Act. It’s a move that reflects an urgency — and understanding of the substantial task ahead — for top administration officials as they continue to grapple with the acute risk posed by the concentration of the critical semiconductor …

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Billionaire Mark Cuban Takes Surprise Stance on Controversial New Tax

Billionaire Mark Cuban Takes Surprise Stance on Controversial New Tax

No subject is more controversial in economic circles right now than taxes. Tensions heighten even more when the specific subject is a new tax aimed at businesses. Simply put, the business community hates taxes. No surprise, then, that last week, when the U.S. Senate agreed to a 1% tax on share buybacks as a way to partly …

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Charter Ordered to Pay Over $7 Billion in Damages Following Technician's Murder of Elderly Customer

Charter Ordered to Pay Over $7 Billion in Damages Following Technician’s Murder of Elderly Customer

Telecoms aren’t exactly known for superior customer service. Beleaguered customers have come to hopelessly accept full day-long service time windows, endless support line phone roundabouts, and increasingly offensive hidden fees as uncomfortable realities required to squeeze out basic necessities from borderline monopolistic companies. But hey, at least working with these companies won’t literally kill you. …

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Crypto: Billionaire Mark Cuban Warns of a Powerful Player

Crypto: Billionaire Mark Cuban Warns of a Powerful Player

The crypto industry is currently going through a crisis that has already crushed some major players like hedge fund Three Arrows Capital and lenders Celsius Network and Voyager Digital.  After losing over $2 trillion in less than nine months, the cryptocurrency market has more or less stabilized over the past few days. But it was …

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Chip designers warm to U.S. bill despite big benefits to Intel

Chip designers warm to U.S. bill despite big benefits to Intel

July 18 (Reuters) – Major U.S. chip firms on Monday were coming around to support a package of chip industry subsidies despite earlier concerns that legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel Corp (INTC.O). Senate Majority Leader Chuck Schumer has told lawmakers that a vote could come as early as …

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Twitter hires US law firm Wachtell to sue Musk for ending $44bn takeover

Twitter hires US law firm Wachtell to sue Musk for ending $44bn takeover

Twitter has hired elite law firm Wachtell, Lipton, Rosen & Katz as it readies for a legal battle against Elon Musk, who has moved to terminate his $44bn acquisition of the social media company, according to two people familiar with the situation. The San Francisco company is preparing to file its lawsuit with the Delaware …

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European Union Passes Landmark Big Tech Regulations

European Union Passes Landmark Big Tech Regulations

In a final vote, the European Parliament elected to adopt both the Digital Services Act (DSA) and Digital Markets Act (DMA) on Tuesday. The two related pieces of legislation aim to address some of the major emerging issues of internet and social media companies. The DSA is focused on boosting the efficacy and transparency of …

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California trucking prepares for shake-up under independent contractor law AB5

It is going to be a radically new world in California’s trucking sector with the imposition of AB5, and it isn’t clear what parts of the industry — if any — are ready for it. “Most immediately, motor carriers must evaluate and adopt alternative operating models to mitigate risk if they intend to continue to …

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Large U.S. law firms mostly quiet on abortion ruling, are walking a 'tightrope'

Large U.S. law firms mostly quiet on abortion ruling, are walking a ‘tightrope’

June 26 (Reuters) – The largest U.S. law firms did not take a public stance following the U.S. Supreme Court’s reversal of Roe v. Wade on Friday, diverging from the approach of some major companies that have made statements on the closely watched abortion case. The high court’s 6-3 Dobbs decision upheld a Republican-backed Mississippi …

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