Google Antitrust Trial Exposes Deepening Rift With Microsoft  

Google Antitrust Trial Exposes Deepening Rift With Microsoft  

Satya Nadella wanted to make nice with longtime rival Google when he became chief executive of Microsoft almost a decade ago. Those days now feel like a distant memory. Google’s antitrust trial in Washington, D.C., has provided a stage for Microsoft to air long-simmering grievances about the search giant’s market dominance. It also has opened a … Read more

FTX Founder Sam Bankman-Fried Found Guilty of Fraud

FTX Founder Sam Bankman-Fried Found Guilty of Fraud

Listen to article (2 minutes) FTX founder Sam Bankman-Fried was convicted Thursday of stealing billions of dollars from customers of the doomed crypto exchange, in what prosecutors called one of the biggest financial frauds in U.S. history.  A New York federal jury convicted him of all seven counts he faced. The verdict capped the stunning … Read more

Jury Convicts Hedge-Fund Manager Accused of Rigging Foreign-Exchange Market

Jury Convicts Hedge-Fund Manager Accused of Rigging Foreign-Exchange Market

Updated Oct. 25, 2023 6:04 pm ET A London hedge-fund manager accused of manipulating the foreign-exchange market was convicted Wednesday of fraud in a trial that opened a window into a complex corner of the global currency-trading business. A federal jury in Manhattan deliberated for less than a day before finding Neil Phillips guilty of … Read more

Home Sellers Take On the Realtors Cartel

Home Sellers Take On the Realtors Cartel

The 1.5 million-member National Association of Realtors spent $81.7 million on political lobbying in 2022, more than any other business group. Behind the teachers unions, it ranks as the most powerful special interest in the country. Though it claims to help consumers, it is a cartel that seeks primarily to enrich its members by expanding … Read more

Johnson & Johnson Considers Ditching Texas Two-Step for Third Talc Bankruptcy

Johnson & Johnson Considers Ditching Texas Two-Step for Third Talc Bankruptcy

Oct. 20, 2023 5:22 pm ET|WSJ Pro Johnson & Johnson is exploring a new bankruptcy filing for its talc-related liabilities using a different corporate structure than the Texas Two-Step filings that failed twice before to resolve those mass claims in chapter 11, according to people familiar with the company’s plans. The healthcare-products company said on a … Read more

SEC Retreats From High-Stakes Lawsuit Over XRP Cryptocurrency

SEC Retreats From High-Stakes Lawsuit Over XRP Cryptocurrency

Updated Oct. 19, 2023 7:11 pm ET WASHINGTON—The Securities and Exchange Commission on Thursday said it would drop its lawsuit against two cryptocurrency executives who oversaw $1.5 billion in sales of a digital coin known as XRP, in a move that boosts the industry’s battle against traditional regulation. The dismissal of civil claims against Brad … Read more

Dutch Consumer Group Sues Amazon Over Data Tracking

Dutch Consumer Group Sues Amazon Over Data Tracking

Oct. 18, 2023 12:50 pm ET|WSJ Pro A consumer-rights group in the Netherlands sued Amazon on Wednesday over its alleged practice of tracking website visitors’ online activity, using recently expanded legal provisions allowing class actions. The lawsuit, filed in a Dutch court by Stichting Data Bescherming Nederland, or SDBN, said Amazon is violating the European Union’s privacy law by … Read more

Caroline Ellison Tells Jury She Dreaded Inevitable Collapse of FTX

Caroline Ellison Tells Jury She Dreaded Inevitable Collapse of FTX

Testifying in Sam Bankman-Fried’s fraud trial, his top deputy says she was terrified by the implosion of the crypto exchange after months of deception. Source link

Law Firms Alter Diversity Programs Amid Legal Challenges

Law Firms Alter Diversity Programs Amid Legal Challenges

The changes by Perkins Coie and Morrison & Foerster come as employers look to sort out the ramifications of the Supreme Court’s ruling against affirmative action. Source link

U.S. Probe of Russia-Sanctions Busting Focuses on Major Oil Trader

U.S. Probe of Russia-Sanctions Busting Focuses on Major Oil Trader

The investigation is examining whether Murtaza Lakhani, founder and chief executive of Mercantile & Maritime Group, traded Russian oil in breach of Western sanctions. Source link