(Law 360) The government was not required to give a bigger whistleblower award to a former auditor who helped the Internal Revenue Service recover $180,000 in taxes, the Federal Circuit said Tuesday, affirming a ruling that a lower court lacked authority to (…)
(Law360) Former Binance CEO Changpeng Zhao asked a Delaware bankruptcy judge to dismiss him from a clawback suit filed by the estate of bankrupt crypto exchange FTX seeking to recover $1.76 billion it says FTX illegally transferred before its collapse (…)
(Law360) The derivatives platform owned by Crypto.com asked a Nevada federal judge to permanently block the state’s gambling regulators from taking action over its sports event contracts, which it argues are exclusively overseen by the U.S. Commodity Futures Trading Commission. (…)
(Law360) The Federal Trade Commission filed suit Wednesday against Edwards Lifesciences Corp. over the company’s proposed $945 million purchase of JenaValve Technology Inc., arguing the deal would give Edwards control over both of the only firms with ongoing U.S. clinical (…)
(JD Supra) How many U.S. taxpayers and expatriates may need to file offshore disclosures and FBARs with the IRS? Should those who have not yet filed a disclosure application utilize the VDP (Voluntary Disclosure Program) or a streamlined application through (…)
(Reuters) -Justin Sun’s crypto platform, Tron, has reached a deal with Nasdaq-listed company SRM Entertainment under which it will buy tokens, be renamed Tron Inc and have Sun join the company as an adviser, SRM said on Monday. SRM’s statement (…)
(Reuters) -Anne Wojcicki is set to regain control of 23andMe after a $305 million bid from a nonprofit she controls topped Regeneron Pharmaceuticals’ offer for the DNA-testing company in a bankruptcy auction. Last month, Regeneron agreed to buy the firm (…)
(Reuters) -McDonald’s has settled a $10 billion lawsuit by the media entrepreneur Byron Allen accusing the fast-food chain of “racial stereotyping” by excluding Black-owned media from much of its advertising budget. Friday’s settlement between McDonald’s and two of Allen’s companies, (…)
(Reuters) A Skechers USA shareholder has sued the footwear maker for more details about its $9.4 billion buyout by private equity firm 3G Capital, saying the decision by Skechers’ founder and controlling shareholder to sell raises “red flags.” According to (…)
(Westlaw) A Tennessee federal judge has granted preliminary approval to an $11.8 million settlement between Evolve Bank & Trust and a class of customers whose personal information was exposed in a 2024 data breach. In re Evolve Bank & Trust (…)