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Open AI, Microsoft Sued By Pulitzer-Winning Authors, Accused Of Copyright Infringement
Wednesday, December 20, 2023 - 10:20pm | 599A group of 11 nonfiction authors, including winners of the prestigious Pulitzer Prize, has joined a lawsuit filed against ChatGPT-parent OpenAI and Microsoft Corporation (NASDAQ:MSFT), accusing the companies of using their writings without permission for...
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Apple Scrambles To Save $17B Smartwatch Business From Impending Ban: Report
Monday, December 18, 2023 - 9:47pm | 704In a race against time, Apple Inc. (NASDAQ:AAPL) has reportedly been strategizing to salvage its $17 billion smartwatch enterprise in the face of a U.S. ban set to be enforced in a few days. What Happened: Apple has braced itself for an impending ban imposed by the...
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Microsoft's Activision Blizzard Settles California Gender Discrimination Case For $55M
Saturday, December 16, 2023 - 1:10am | 575Game developer Activision Blizzard, now a subsidiary of Microsoft Corporation (NASDAQ:MSFT), has agreed to a nearly $55 million settlement with the California Civil Rights Department over a gender discrimination case involving female employees and contractors. What Happened: The settlement...
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Meta Platforms Slapped With $600M Lawsuit By Spanish Media Group Over Unfair Ad Competition
Monday, December 4, 2023 - 9:27pm | 607Mark Zuckerberg-led Meta Platforms Inc. (NASDAQ:META), the parent company of Facebook, Instagram and WhatsApp, faces a lawsuit from a Spanish media association, accusing the tech giant of engaging in unfair competition within the advertising market. What Happened: On Monday, it was revealed that a...
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Class Action Lawsuit Filed Against Kenvue Inc. (NYSE: KVUE)
Monday, November 27, 2023 - 10:13am | 748Kenvue Inc. (NYSE: KVUE) is down over 25% from its debut earlier this year in May 2023. Formed from the separation of Johnson & Johnson’s Consumer Health business, the company was billed as the world’s largest pure-play consumer health company with annual revenues of over $15...
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Elon Musk Warns Of 'Civil & Criminal' Consequences For Fraud As Texas AG Opens Investigation Into Media Matters
Tuesday, November 21, 2023 - 12:14am | 857On the same day, Elon Musk’s X (formerly Twitter) filed a lawsuit against Media Matters, accusing the media watchdog group of defaming the platform, Texas Attorney General Ken Paxton has opened an investigation into the organization over “potential fraudulent activity.” What...
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Video Game Addiction Lawsuit Involves Microsoft, EA, Activision, Ubisoft, Epic Games: Were The Companies Allegedly Targeting Certain Gamers?
Friday, November 10, 2023 - 1:57pm | 541A lawsuit filed in the Eastern District of Arkansas on Oct. 30 targeted major video game companies, including Microsoft Corp (NASDAQ: MSFT), Electronic Arts Inc (NASDAQ: EA), Activision Blizzard Inc (NASDAQ: ATVI), Ubisoft Entertainment SA (OTC: UBSFF) and Epic Games, for allegedly...
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Maryland's Green Rush With $55M In Weed Sales, Hemp Cultivators Sue Alaska And More Cannabis Regs
Thursday, November 9, 2023 - 5:29pm | 832Maryland's Cannabis Market Thrives With $90M In Sales In October Marylanders seem to enjoy recreational marijuana considering the latest sales data posted by the Maryland Cannabis Administration (MCA). During October, the state's licensed retailers sold $90 million worth of medical and...
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Genesis New Bankruptcy Plan Creates Delays, US Trustee Objects Amendments
Thursday, November 2, 2023 - 6:38pm | 642The U.S. government said the bankruptcy plan by Genesis haf material changes and they should be reviewed again by the company. What Happened: Crypto lender Genesis indicated in its updated bankruptcy plan that it now planned to liquidate assets and not sell them or...
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Yuga Labs Granted $1.6M For Damages In Ryder Ripps NFT Copyright Lawsuit
Friday, October 27, 2023 - 10:26am | 603Blockchain technology firm Yuga Labs develops non-fungible tokens (NFTs) and digital collectibles, with its flagship collection being Bored Ape Yacht Club which was launched in April 2021. A judgment passed Thursday protected the company from infringement, a widely prevalent issue that NFT...
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This Legal Case Set For The End Of The Month Could Keep Donald Trump Off The 2024 Presidential Ballot
Sunday, October 22, 2023 - 12:08pm | 425Former U.S. President Donald Trump has been grappling with a lawsuit in Colorado that could derail his aspirations for the 2024 presidency. What Happened: The legal challenge seeks to prevent Trump from being on the 2024 ballot in Colorado and is slated for trial on Oct. 30. News of the trial...
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Controversy And Legal Drama Loom Over Missouri's Cannabis Market Due To Exorbitant Tax Schemes
Tuesday, October 17, 2023 - 1:48pm | 592Missouri's cannabis regulator said last week that some of the winners of 48 cannabis microbusiness licenses under Amendment 3, which legalized marijuana in 2022, are now trying to sell them, reported Missouri Independent. The "microbusiness license" program sought to hand...
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Alabama Judge Strikes Down Verano's Lawsuit, What Happens Now With Companies Still Fighting State Cannabis Regulator?
Monday, October 16, 2023 - 10:04am | 1032Last week, Montgomery County Circuit Court Judge James Anderson decided to dismiss a lawsuit against the Alabama cannabis regulator brought by Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF), reported Alabama Daily News. The news came ahead of Verano getting the green light to begin trading its...
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AEI Fitness Developer Hits Meta With Lawsuit For Killing His VR Yoga App Before Launch
Thursday, October 12, 2023 - 8:16am | 723In the latest twist in the virtual reality landscape, fitness app developer Andre Elijah has filed a lawsuit against Meta Platforms Inc. (NASDAQ:META), alleging that his AEI Fitness app project was abruptly canceled just days before its scheduled launch. What Happened...
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Amazon Hit By Antitrust Storm: Stock At 3-Month Low, 5 Analysts' Takeaways
Wednesday, September 27, 2023 - 1:05pm | 891Amazon.com, Inc. (NASDAQ:AMZN) is currently facing an antitrust lawsuit jointly filed by the Federal Trade Commission (FTC) and 17 state governments on Sept. 26. These legal actions allege the e-commerce and technology giant is wielding monopolistic power within the market and employing anti-...