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House Dems introduce bill to combat defense tactic of ‘snap removals’

Representatives Jerrold Nadler (Democrat, N.Y.) and Hank Johnson (Democrat, Georgia) of the House Judiciary Committee introduced a bill last week to counter what Nadler has called the “important and growing problem” of jurisdictional gamesmanship by defendants using so-called “snap removal” to evade state court. Ten other House Democrats have signed onto the bill. And though the proposed legislation seems unlikely to become law in this Congress – given how few House bills have receiv

SEC commissioner’s crypto enforcement proposal could impact landmark case v. Telegram

On Feb. 19, U.S. District Judge Kevin Castel of Manhattan will hear competing motions for summary judgment in the Securities and Exchange Commission’s most significant enforcement action to date against a blockchain developer. The SEC will argue that entrepreneurs from the encrypted messaging app Telegram breached securities laws when they raised nearly $2 billion to develop a new blockchain platform. Telegram will counter that it wasn’t required to register its offering – and that t

Case claiming antitrust manipulation of Bitcoin Cash network falls short, for now

The telecom company United American Corp alleged a breathtaking conspiracy to rig the market for Bitcoin Cash in a complaint filed in federal court in Miami in 2018. But in an order this week, incorporating her reasoning from a Jan. 28 hearing, U.S. Magistrate Judge Chris McAliley said UnitedCorp’s lawyers at Akerman still have a long way to go to make a case. The judge dismissed the case without prejudice, giving the company until Feb. 28 to file an amended complaint but warning tha

Elon Musk’s liability for Tesla’s SolarCity deal could come down to a question of his control

Does Elon Musk, who owns just 22.1% of Tesla’s shares, control the company he founded and continues to lead? If so, according to a summary judgment ruling issued Tuesday by Vice-Chancellor Joseph Slights of Delaware Chancery Court, Delaware law presumes that he wielded coercive influence over Tesla shareholders who voted to approve the company’s $2.6 billion acquisition of the Musk startup SolarCity in 2016.

In California, mandatory arbitration wins again

In the latest victory for proponents of mandatory arbitration, U.S. District Judge Kimberly Mueller of Sacramento on Friday enjoined California officials from enforcing a new law that would have barred employers from requiring workers, as a condition of their employment, to waive “any right, forum or procedure” for resolving employment disputes. The law, which had been scheduled to take effect on Jan. 1, would have imposed civil and misdemeanor criminal penalties on employers that re

Does Facebook’s $550 million settlement change the privacy class action game?

Facebook disclosed Wednesday that it has agreed to pay $550 million to settle a class action that accuses the company of violating Illinois’ Biometric Information Privacy Act by using facial recognition technology to allow users to “tag” photos of their friends. Though the settlement must still be approved by U.S. District Judge James Donato of San Francisco, class counsel from Edelson, Robbins Geller Rudman & Dowd and Labaton Sucharow said in a press release that the deal will deliv

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