Exxon sues EU in move to block new windfall tax on oil companies

Exxon sues EU in move to block new windfall tax on oil companies

Dec 29 (Reuters) – U.S. oil major Exxon Mobil Corp (XOM.N) is suing the European Union in a bid to force it to scrap the bloc’s new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy. Record profits this year by oil companies benefiting from high energy prices have … Read more

Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases

Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases

Dec 27 (Reuters) – Sam Bankman-Fried’s criminal case over the collapse of his FTX cryptocurrency exchange has been reassigned to a judge recently known for handling defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain’s Prince Andrew. U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, who recused … Read more

Ringleader in Michigan governor kidnapping plot sentenced to 16 years

Ringleader in Michigan governor kidnapping plot sentenced to 16 years

Dec 27 (Reuters) – The leader of a foiled plot by members of right-wing militia groups to kidnap Michigan Governor Gretchen Whitmer was sentenced to 16 years in prison on Tuesday in a U.S. District Court, prosecutors said. Adam Fox was found guilty in August by a federal court jury in Grand Rapids, Michigan, on … Read more

Bankman-Fried, FTX execs received billions in hidden loans, ex-Alameda CEO says

Bankman-Fried, FTX execs received billions in hidden loans, ex-Alameda CEO says

NEW YORK, Dec 23 (Reuters) – Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul’s Alameda Research, the hedge fund’s former chief told a judge when she pleaded guilty to her role in the exchange’s collapse. Caroline Ellison, former chief executive of Alameda Research, said she agreed … Read more

Facebook parent Meta to settle Cambridge Analytica case for $725 million

Facebook parent Meta to settle Cambridge Analytica case for $725 million

Dec 23 (Reuters) – Facebook owner Meta Platforms Inc (META.O) has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement, which was disclosed in a court filing late on Thursday, would resolve a long-running … Read more

Capitol riot panel’s final report sets out case to try Trump

Capitol riot panel’s final report sets out case to try Trump

WASHINGTON, Dec 22 (Reuters) – The congressional panel probing the Jan. 6, 2021 attack on the U.S. Capitol released its final report late on Thursday, outlining its case that former U.S. President Donald Trump should face criminal charges of inciting the deadly riot. The House of Representatives Select Committee also made public the transcripts of … Read more

In sweltering Bahamas courtroom, Bankman-Fried fights incarceration

In sweltering Bahamas courtroom, Bankman-Fried fights incarceration

NASSAU, Dec 13 (Reuters) – Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried’s first in-person public appearance since his crypto company collapsed. The Bahamas courtroom hearing, conducted over the course of six hours, saw Bankman-Fried, dressed in a suit rather than his typical t-shirt attire, seeking bail to dispute his extradition to … Read more

Exclusive: U.S. Justice Dept is split over charging Binance as crypto world falters, sources say

Exclusive: U.S. Justice Dept is split over charging Binance as crypto world falters, sources say

Some DOJ prosecutors believe evidence justifies filing charges against executives including CEO Zhao DOJ officials have discussed possible plea deals with Binance’s attorneys Binance is under investigation for possible money laundering and criminal sanctions violations Binance says it has no insight into the “inner workings of the US Justice Department” WASHINGTON, Dec 12 (Reuters) – … Read more

Meta battles U.S. antitrust agency over future of virtual reality

Meta battles U.S. antitrust agency over future of virtual reality

SAN JOSE, Calif./ WASHINGTON, Dec 8 (Reuters) – The Biden administration on Thursday accused Meta Platforms Inc (META.O) of trying to buy its way to dominance in the metaverse, kicking off a high-profile trial to try to prevent the Facebook parent from buying virtual reality app developer Within Inc. The FTC sued in July to … Read more

Ex-Theranos president Balwani sentenced to nearly 13 years for fraud

Ex-Theranos president Balwani sentenced to nearly 13 years for fraud

Dec 7 (Reuters) – A U.S. judge on Wednesday sentenced former Theranos Inc President Ramesh “Sunny” Balwani to 12 years and 11 months in prison on charges of defrauding investors and patients of the blood testing startup led by Elizabeth Holmes, a spokesperson for the U.S. attorney’s office confirmed. U.S. District Judge Edward Davila in … Read more