Lawsuit
OpenAI calls Elon Musk’s lawsuit claims ‘incoherent’
OpenAI has hit back at Elon Musk’s lawsuit, deeming his claims “convoluted — often incoherent — factual premises.” Musk’s lawsuit accuses OpenAI of breaching its non-profit status and reneging on a founding agreement to keep the organisation non-profit and release its AI technology publicly. However, OpenAI has refuted these allegations, stating that there is no…
California settles Activision Blizzard gender discrimination lawsuit for $54 million
A California regulator has settled its blockbuster lawsuit that alleged a culture of sexual harassment at Activision Blizzard. Now under the ownership of Microsoft, the gaming company will pay about $54 million as part of the settlement, according to a press release from California’s Civil Rights Department (CRD). The CRD (formerly known as the Department…
SEC Hasn’t Met Legal Requirements to Sue, Binance Says in Latest Bid to Dismiss Lawsuit
Binance and Zhao, more commonly known as “CZ,” filed a reply to the SEC, alongside Binance.US, which submitted its own separate, but similar, filing arguing that the SEC did not show that the exchanges’ U.S. customers had any contracts that would meet the definition of an “investment contract,” or that other elements of the Supreme…
KuCoin to Pay $22M, Exit N.Y. to Settle NYAG Lawsuit
Kucoin will refund $16.77 million to New York customers and pay $5.3 million to the Attorney General of the State of New York to settle charges it violated securities laws by offering tokens – including ether – that meet the definition of a security without registering with the attorney general’s office. Source link