A substantial amount of FTX’s assets are either missing or stolen, a lawyer for the failed crypto exchange said in court, vowing to cast a wide net to secure potentially billions of dollars in funds that passed through the firm he called the “personal fiefdom” of co-founder Sam Bankman-Fried. Tuesday’s hearing marked an inflection point […]
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FTX is expected to make its debut appearance Tuesday in Delaware bankruptcy court, where its new management is expected to recount events leading up to the cryptocurrency platform’s sudden collapse and explain the steps it has since taken to secure customer funds and other assets. FTX’s lawyers are advancing an unprecedented chapter 11 case marked […]
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The directors’ desire to keep the serial entrepreneur focused on the car maker contributed to the pursuit of a multibillion-dollar equity grant. Source link Source link
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Business Jury convicted Holmes earlier this year on charges that she misrepresented startup’s technology, finances and business to investors Source link Source link
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The government aims to end an alliance it says reduces competition, while the airlines say the pact helps consumers. Source link Source link
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Politics Lower court injunction halting debt relief has left millions of borrowers in limbo, Justice Department says Source link Source link
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A federal judge struck down President Biden’s student loan forgiveness plan on Nov. 10. The ruling is being challenged, but that hasn’t stopped scammers eager to capitalize on borrowers’ confusion and frustration. Scams targeting Americans impatient for debt forgiveness surged in the first 10 months of 2022, according to the Federal Trade Commission. The agency […]
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By Michael Siconolfi Nov. 18, 2022 5:30 am ET Listen to article (2 minutes) Elizabeth Holmes‘s journey from Silicon Valley superstar to felon is slated to culminate Friday during a hearing in which a federal judge will sentence her. The 38-year-old Ms. Holmes, who is pregnant with her second child, was convicted by a jury […]
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The crypto exchange exhibited a “complete failure of corporate controls,” former Enron chief John Ray said in his first detailed filing with the bankruptcy court. Source link Source link
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Facebook’s parent has fired or disciplined more than two dozen employees and contractors over the last year whom it accused of improperly taking over user accounts. Source link Source link
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Tech Tesla CEO testified in Delaware that clearing the performance targets for his pay to vest was ‘extremely unlikely’ Source link Source link
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What started as a dream job turned into a nightmare for employees of the crypto exchange that imploded in spectacular fashion last week. Source link Source link
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Tech CEO, who this week said he has ‘too much work on his plate,’ is expected to take the stand Wednesday in Delaware court Source link Source link
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Tech Review summarized results of investigations, including those into allegations against Bill Gates Source link Source link
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Tech Second day of trial over Musk’s multibillion-dollar pay package kicked off Tuesday Source link Source link
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The retailer has joined CVS and Walgreens in a landmark settlement with states, cities and tribes. Source link Source link
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Three judges are hearing the high-profile case that now includes the Justice Department and could determine the fate of the iPhone’s power. Source link Source link
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Business Musk, along with other current and former Tesla directors, is expected to testify over his multibillion-dollar pay package Source link Source link
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World Europe Russia The Biden administration said targeting a Russian company’s supply network would help deny Moscow technology it needs for the Ukraine war Source link Source link
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Elon Musk is headed to court this week in Delaware to defend his multibillion-dollar compensation package at Tesla. Source link Source link
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Business The Better Business Bureau has collected thousands of complaints from gamblers in recent years, some citing long wait times for cash-outs Source link Source link
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U.S. Investigation finds 13-year-old suffered chemical burns on the job; sanitation service provider PSSI says it prohibits employment of minors Source link Source link
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The airline made the accusation to a London court as part of a case in which it claims that surface-paint issues on its fleet of A350s present a safety risk. Source link Source link
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Last year, Elon Musk parted ways with one of his top deputies at Tesla Inc., a French auto-industry executive named Jerome Guillen. Mr. Guillen worked at Tesla for roughly a decade, rising to oversee the company’s car division. He was rewarded with equity grants that swelled with Tesla’s valuation. By the end of 2020, Mr. […]
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U.S. The suit alleges manufacturers of ‘forever chemicals’ knew for decades they were harmful to humans and the environment Source link Source link
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Politics Action could lead to more legal challenges against alleged unfair practices by businesses Source link Source link
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