Bankruptcies are on the rise in the post-Covid business world, but what happens when some of the assets are in non-traditional categories. U.S. Bankruptcy Judge Martin Glenn in New York City will sort through who owns cryptocurrencies held in accounts at the Celsius Network LLC exchange, which suspended withdrawals and then fell into Chapter 11 […]
One fascinating legal dispute making recent headlines is a $5 million case for what the plaintiff describes as deceptive and fraudulent packaging. Florida resident Amanda Ramirez sued the Kraft Heinz Co. for at least $5 million because Kraft’s Velveeta Shells & Cheese Microwavable Shell Pasta takes longer than 3½ minutes to prepare even though its […]
Walmart agreed to a $3.1 billion settlement over lawsuits that tie the retail giant to the longstanding opioid crisis in the US. Earlier this month, CVS and Walgreens announced “agreements in principle,” which are expected to result in $10 billion settlements. The money will resolve “All opioid lawsuits and potential lawsuits by state, local, and […]
According to news sources, the former chairman and chief executive of MoviePass have been charged with criminal securities fraud for allegedly lying about whether the unlimited film ticket service actually worked and hiding huge losses from investors in order to boost its stock price. Ted Farnsworth, 60, and J. Mitchell Lowe, 70, were charged with […]