Kwon is currently expected to show up in court on June 16. The value of Kwon’s property was based on a statement alone, lacking concrete evidence. As a result, the high court has ruled against his bail. The requests to bail out Do Kwon, co-founder of the defunct Terra Labs, were rejected due to insufficient … Read more
Judge Breyer threw out the year-long Twitter shareholder lawsuit against Elon Musk, which accused him of cheating other shareholders. San Francisco’s US District Judge Charles Breyer has dismissed the shareholder lawsuit against Elon Musk challenging the Twitter buyout. On Monday, Breyer ruled that the context in which Musk sustained the suit lacked standing. According to the district judge, plaintiff … Read more
Observers believe Wednesday’s XRP price pump indicates that Ripple has the upper hand in its ongoing litigation with the SEC. Ripple native token XRP recently experienced an 8% price pump following a seemingly ‘favorable’ court ruling. The digital currency’s jump came after the presiding judge in the long-drawn-out Ripple vs SEC case denied a motion filed by … Read more
The ruling, though it was a huge win for Apple, had minimal effects on AAPL shares. After more than two years of litigation, the United States Ninth Circuit Court of Appeals affirmed a lower-court judge’s 2021 decision that largely rejected claims by Epic Games – the maker of Fortnite – that Apple Inc (NASDAQ: AAPL) … Read more
In the appeal to Supreme Court, crypto exchange Coinbase is willing to send the two lawsuits – Bielski v. Coinbase and Suski v. Coinbase – into arbitration. On Tuesday, March 21, the US Supreme court is all set to hear its first-ever crypto case in history. Nine chief justices will hear the plea from lawyers … Read more