A Thursday (June 13) ruling by a London High Court judge reportedly resolved a legal dispute between J.P. Morgan Chase & Co. and Haris Karonis, the founder and CEO of Greek FinTech company Viva Wallet. The resolution of the feud opens the possibility of a...
The Securities and Exchange Commission reportedly asked a federal judge Wednesday (June 12) to approve a settlement with Terraform Labs. The deal would resolve an SEC fraud case involving the cryptocurrency firm’s 2022 collapse that eliminated $40 billion in investor assets, Bloomberg reported Wednesday (June...
If there’s a surety in FinTech, and particularly within banking as a service, it’s that there will be more regulations. It’s likely that there will be stricter governance and transparency on account oversight — specifically, making sure that there is no commingling of funds. The...
The founder of a now-closed artificial intelligence (AI) recruitment startup called Joonko is facing charges from both the Securities and Exchange Commission (SEC) and the United States Attorney’s Office for the Southern District of New York. Ilit Raz has been charged with fraud, the two...
The drama surrounding the Synapse Financial bankruptcy continued Friday (June 7) with an afternoon court hearing in California’s Central District Bankruptcy Court, although the case appeared no closer to a resolution. As a result, the hearing set the stage for what will be a complex...
Visa and Mastercard are facing new lawsuits over multilateral interchange fees. The United Kingdom Competition Appeal Tribunal ruled Friday (June 7) that collective proceedings — which are similar to class action lawsuits in the United States — brought on behalf of merchants can proceed, Reuters...
Yelp can continue a trademark infringement and unfair competition lawsuit against a company that advertised that it could remove “bad” reviews from the platform. A judge ruled Thursday (June 6) that Yelp can pursue these claims against ReviewVio, which does business as Dandy, Reuters reported Friday (June 7)....
Google parent Alphabet’s trial on antitrust charges around its advertising technology will be decided by a judge rather than a jury. Judge Leonie Brinkema ruled Friday (June 7) after Alphabet paid the federal government an amount covering the damages eight federal government agencies alleged that...
Former Federal Deposit Insurance Corp. Chair Jelena McWilliams will present her initial findings as trustee of Synapse’s Chapter 11 bankruptcy case Friday afternoon (June 7). Ahead of the hearing, a status report filed Thursday (June 6) with the bankruptcy court in California laid out a...
