The claim was filed with the International Centre for Settlement of Investment Disputes (ICSID), a part of the World Bank based in Washington, D.C. ICSID, known for arbitrating disputes between global investors and states, registered the case on January 18, as indicated on its website. The Bulgarian finance ministry acknowledged receiving an arbitration request from…
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The crux is that these flight cancellations were typically due to circumstances that fell within the airline’s control, including re-routing, availability of landing and take-off runways in airports, and consumer demand. In the court filing, the watchdog Australian Competition and Consumer Commission suggested that tickets remained available on various airline comparison sites and Qantas’ website…
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The lead plaintiff Bradley Sostack filed the complaint in the California Court with seven claims against Ripple and Brad Garlinghouse including unregistered offer and sale of securities and fraud claims against the defendants alleging that they made false or misleading statements regarding the virtual currency XRP. The lawsuit alleges that in a few instances the…
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Coinbase has recently settled a class-action lawsuit that was filed against the exchange by the victims of the now-extinct cryptocurrency exchange Cryptsy for nearly $1 million. The settlement between the Cryptsy victims and Coinbase was reached in December 2019. The exact amount of the settlement is $962,500 and it will be transferred to an escrow account.…
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The US-base unicorn, or better yet, the largest cryptocurrency exchange in the US, Coinbase is reportedly facing a negligence lawsuit for not handling the launch of BCH the right way. According to released court documents, US District Judge Vince Chhabria has formally accused the exchange of unfair competition practices and misrepresentation. Bitcoin Cash was launched…
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Cameron and Tyler Winklevoss are one of the best known names in the Bitcoin market, or at least, in the BTC ETF one. The Winklevoss brothers are now suing Charlie Shrem, the infamous Bitcoin tycoon who was convicted for "for aiding and abetting the operation of an unlicensed money-transmitting business related to the Silk Road marketplace",…
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The world's largest telecommunications companies in the world, AT&T, is getting a lawsuit for $224 million-suit form a Bitcoin investor, according to whom, he lost a considerable amount of money due to AT&T's negligence. Michael Terpin is now suing AT&T for $24 million, because, in his, opinion, the mobile provider has "allowed" a hacker to…
Read moreA report from Jack Ewing of the New York Times states that "already troubled by recent lawsuits and official investigations, Deutsche Bank (NYSE:DB) is facing another challenge - it's about to be sued in British court for using high-speed trading software." That lawsuit asserts the lender used the trading platform known as Autobahn to take advantage…
Read moreReuters pointed out today that Bank of New York Mellon Corp (NYSE:BK) has been hit with a proposed class action lawsuit accusing it of skimming millions of dollars from clients by overcharging for currency conversions for American Depository Receipt dividends. Filed on Monday of this week in a Manhattan federal court, the lawsuit accused the world's biggest custody…
Read moreSingaporean bank DBS Bank we learned today was sued by a "sophisticated" investor, meaning in this case someone with a lot of assets at hand...or to lose. She claims she was given worthless advice causing her to lose millions. So what exactly was the investment advice given to the woman? Singapore's most widely read newspaper…
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