Lawsuits
Embattled crypto lender Celsius is a ‘fraud’ and ‘Ponzi scheme,’ lawsuit alleges
Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Crypto […]
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Sacha Baron Cohen beats ex-judge Roy Moore’s defamation appeal
Sacha Baron Cohen attends a screening of the Oscars on April 26, 2021 in Sydney, Australia. Rick Rycroft | Getty Images Sacha Baron Cohen on Thursday defeated an appeal by former Alabama judge Roy Moore accusing the British comedian of defamation for falsely portraying him as a pedophile in an interview for the show “Who […]
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Ex-employee’s lawsuit accuses Stew Leonard’s boss of making racist, sexist, anti-Semitic remarks
Customers push shopping carts outside a Stew Leonard’s supermarket in Paramus, New Jersey, U.S., on Tuesday, May 12, 2020. Stew Leonard Jr. said that meat packing plant the company uses is operating at about 70 percent capacity, and he expects it to rebound to full capacity in about a month, CT Post reported. Angus Mordant […]
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Paramount sued over ‘Top Gun’ copyright as ‘Maverick’ soars at the box office
Tom Cruise in “Top Gun: Maverick” Source: Paramount Tom Cruise’s “Top Gun: Maverick” had another blockbuster weekend at the box office, but the studio behind the film could be feeling the heat from a lawsuit filed Monday. The family of the author whose article inspired the original 1986 “Top Gun” is suing Paramount Pictures for […]
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Online marketplace StockX hits back at Nike over claims of counterfeit shoe sales
Online resale marketplace StockX is hitting back at Nike’s claims that the site has been allowing sales of counterfeit versions of its sneakers. StockX, in a response to Nike’s allegations, defended its anti-counterfeiting measures and said Nike itself had previously praised them, according to a draft of a court filing seen by CNBC. The response […]
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Aviation giant KLM to face legal action in first major challenge to airline industry ‘greenwashing’
The greenwashing case against KLM is thought to be the first corporate lawsuit about airlines and net zero — and one of the first cases about carbon offsets. Nurphoto | Nurphoto | Getty Images Environmental groups on Tuesday launched legal action against KLM, saying the Dutch aviation giant is misleading the public over the sustainability […]
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Rivian’s shares sink after a report a legal battle with a supplier could delay Amazon vans
Production of electric Amazon delivery vans on April 11, 2022 at Rivian’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive sank Monday after a report by the Wall Street Journal that the upstart electric-vehicle maker is suing a key supplier in a legal battle that could delay vans ordered by Amazon. […]
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TurboTax owner Intuit to pay $141 million to customers ‘unfairly charged’
Kimberly White | Getty Images Entertainment | Getty Images Intuit, the owner of popular tax filing software TurboTax, will pay $141 million in restitution to millions of low-income Americans who were “unfairly charged” for services that should have been free, according to a multistate agreement announced Wednesday. TurboTax also agreed to reform its business practices. […]
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Impossible Foods could be at risk of losing a key patent in legal battle with Motif FoodWorks
Plant-based burgers developed by Impossible Foods Inc. are seen at the 2nd China International Import Expo (CIIE) at the National Exhibition and Convention Center on November 6, 2019 in Shanghai, China. China News Service | Getty Images Plant-based meat maker Impossible Foods could be at risk of losing a key patent as part of an […]
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Walmart seeks new trial in wrongful termination of longtime employee with Down syndrome
Scott Olson | Getty Images Walmart is seeking a new trial in a case over the firing of a longtime employee with Down syndrome. A jury in July found Walmart wrongfully terminated the employee, Marlo Spaeth, and awarded her monetary damages. In a court filing late Tuesday, Walmart said it did not know about the […]
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