lawsuit
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Meta Platforms Inc (NASDAQ:FB) could end up paying a whopping $3.1 billion, following a class action in the U.K. over allegations of the internet giant exploiting the personal data of 44 million users in the country. Q4 2021 hedge fund letters, conferences and more Class ActionAccording to Fox Business, Meta could pay $3.1 billion in damages to its U.K. users for taking all their personal and private data in exchange for the ability to use the Facebook platform. With this, Meta abused its dominance in the social media spectrum between 2015 and 2019 —Law expert Dr. Liza Lovdahl Gormsen is leadi...
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Washington, D.C. – The National Center for Public Policy Research has filed a lawsuit against the U.S. Securities & Exchange Commission (SEC) over the SEC’s approval of the Nasdaq Stock Market’s board diversity rules, which require Nasdaq-listed companies to either establish board of director quotas on the basis of race, sex and sexual orientation, or explain why they have not done so. Q3 2021 hedge fund letters, conferences and more The SEC Lacks The Authority To Establish Board Diversity RulesThe National Center, represented by the New Civil Liberties Alliance (NCLA), argues that the SEC lac...
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Tesla Inc (NASDAQ:TSLA)’s CEO Elon Musk’s second day in court testifying on the 2016 SolarCity acquisition was a headline-generating one. Musk asserted that he did not set the terms of the deal, and did not want to be anybody’s boss, according to CNBC. Q2 2021 hedge fund letters, conferences and more The Tesla CEO is under fire after a shareholder lawsuit alleges that Tesla’s $2.5 billion move was marred by a conflict of interest, since SolarCity was founded by Musk and two of his cousins, Lyndon and Peter Rive. “A Bad Human Being”During the session in Delaware, Musk argued that he had recused...
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The Ninth U.S. Circuit Court of Appeals has ruled that Snap Inc (NYSE:SNAP) must face a lawsuit in connection with a car accident that resulted in the deaths of three teenagers. The court ruled that Snapchat encouraged unsafe driving through a feature that allows users to share videos or photos that show their speed. Q1 2021 hedge fund letters, conferences and more Snap to face lawsuit in deadly crashThe court ruled unanimously that the Communications Decency Act did not protect Snap because of how the lawsuit handled the matter. The rule protects social networks from being held liable as publ...
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Two Capitol Police Officers Sue Trump, But Why?; Why Only Two, Why Only Cops, and Why Only Trump? Q4 2020 hedge fund letters, conferences and more Two Capitol Police Officers Sue Donald TrumpWASHINGTON, D.C. (April 1, 2021) - Two Capitol Police officers have sued Donald Trump for the physical and emotional injuries they suffered from rioters who attacked the Capitol after hearing speeches by Trump and others, but the law suit raises many questions of both law and strategy, says public interest law professor John Banzhaf, who has frequently called for civil actions when criminal law has proven ...
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