CLASS ACTION LAWSUIT
Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit
Elon Musk seeks to dismiss lawsuit from former Twitter shareholders over delayed stake disclosure. Shareholders claim he saved $200 million by waiting to reveal his 9.2% ownership. Musk denies fraud allegations, stating it was a mistake. SEC also looked into his Twitter stock purchases. Lawsuit led by Oklahoma pension fund.
Meta must face lawsuit claiming it prefers foreign workers over US citizens
The legal landscape shifted with the Section 1981 ruling impacting tech giants like Meta Platforms and Apple. Cases against biased hiring practices signal a push for fair employment. Conservative groups scrutinize diversity initiatives, while calls for federal investigations challenge companies like Tyson Foods. Upholding U.S. citizens' rights in employment remains a focal point in the evolving discourse.
Infosys unit faces another suit in US over 2023 cyberattack
Infosys faces multiple lawsuits over a cyberattack on its US subsidiary, leading to data breaches and legal actions from various parties, including eDiscovery vendors and financial information exposure.
Facial recognition startup Clearview AI settles privacy suit
The case consolidated lawsuits from around the U.S. filed against Clearview, which pulled photos from social media and elsewhere on the internet to create a database it sold to businesses, individuals and government entities.
Workers sue Disney claiming they were fraudulently induced to move to Florida from California
In July 2021, the Disney Parks' chief told workers in California that most white-collar employees would be transferred to the new campus in Orlando to consolidate different teams and allow for greater collaboration. As many as 2,000 workers in digital technology, finance and product development departments would be transferred to the campus located about 20 miles (30 kilometers) from the giant Walt Disney World theme park resort, the company said at the time.
Apple accused in lawsuit of underpaying female workers in California
Apple faces a class action lawsuit in California for allegedly underpaying over 12,000 female employees. The lawsuit claims Apple pays women less in engineering, marketing, and AppleCare divisions compared to men with similar jobs.
Crypto exchange Binance seeks to slash size of $13 billion UK lawsuit
Lawyers representing BSV Claims, a vehicle set up to pursue the case, say the exchanges engaged in anti-competitive behaviour to delist BSV in 2019.
Crypto exchange Binance seeks to slash size of $13 billion UK lawsuit
Binance and Kraken are being sued in London over claims of colluding to delist Bitcoin Satoshi Vision (BSV), causing its value to drop and preventing it from becoming a top-tier cryptocurrency.
Tribunal rules $17 billion UK adtech lawsuit against Google can go ahead
The lawsuit, which seeks damages on behalf of publishers of websites and apps based in the United Kingdom, is the latest case to focus on the search giant's business practices.
‘Doctors knew Covid vaccine’s side-effects killed my daughter. But they didn’t tell us’
Dr Snehal Lunawat was the first case in which the AEFI committee accepted there was a direct correlation between vaccination and death. Many of the petitioners, like her father Dilip, have questioned why information about the side-effects wasn’t made public earlier.
Google cuts mystery check to US in bid to sidestep jury trial
Google disclosed the payment, but not the amount, in a court filing last week that said the case should be heard and decided by a judge directly. Without a monetary damages claim, Google argued, the government has no right to a jury trial.
Minority shareholders of ICICI Securities file lawsuit against delisting move
Manu Rishi Guptha and minority shareholders have challenged ICICI Bank's delisting bid for ICICI Securities at NCLT. Shareholders had approved merger with ICICI Bank but Quantum MF has is also considering legal action against the bank. ICICI Securities has reported robust financials. According to the proposed delisting scheme, ICICI Securities shareholders are slated to receive 67 shares of ICICI Bank for every 100 shares held.
Coinbase to face revived lawsuit by customers
The 2nd US Circuit Court of Appeals in Manhattan said a lower court judge should not have relied on a December 2021 user agreement to find that Coinbase did not hold title to, and was not the seller of, 79 tokens that the customers traded.
Google to destroy browsing data to settle consumer privacy lawsuit
Users alleged that Google's analytics, cookies and apps let the Alphabet unit improperly track people who set Google's Chrome browser to "Incognito"and other browsers to "private" browsing mode.
Tesla appears unlikely to nix US suit alleging bias against Black workers
Judge Corley challenges Tesla's defense against EEOC's racial harassment lawsuit. Lack of evidence and details questioned. Lawsuit seeks damages and policy changes. Corley's ruling pending.
They failed to buy Birkin bags. so they sued
Vogue highlighted Hermes' exclusive Birkin bags; residents sued for alleged antitrust violations. The lawsuit challenges Hermes' sales tactics. Legal implications could affect luxury brands. Exclusivity vs. consumer access in the luxury market under scrutiny.
Meta Platforms must face advertisers' class action, US appeals court says
Advertisers said the metric used measured the number social media accounts, not the lower number of actual people, and inflated the number of potential viewers by as much as 400%. The court also decertified a separate class seeking injunctive relief, meaning the advertisers cannot sue as a group, because it wasn't clear that the main plaintiff had legal standing to sue.
Jindal Poly Films’ minority shareholders move class action lawsuit against company, promoters
Minority shareholders of Jindal Polyfilms file India's first class action lawsuit since 2016, alleging wrongful losses due to actions by promoters and directors. They claim assets worth crores were diverted. Jindal's defense calls charges fiction, citing past transactions approved by shareholders. The suit, representing 45,000 shareholders, awaits NCLT hearing on April 9.
Tesla drivers lose US class action bid in battery range cases
A federal judge ruled that Tesla owners who accused the company of fraudulently inducing consumers to buy its cars by overstating driving ranges must pursue their claims in individual arbitrations. Tesla's effort to compel individual arbitration was criticized by the drivers' attorneys.
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