Articles with tag like: lawsuit

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The US Department of Justice files antitrust lawsuit to stop Visa's purchase of Plaid

News | Payments General | 06 Nov 2020

The US Department of Justice (DOJ) has filed an antitrust lawsuit to stop Visa’s proposed USD 5.3 billion purchase of the US-based financial services company Plaid.

Visa, Plaid , Department of Justice, US, acquisition, antitrust, lawsuit, payments platform, transactions , data aggregation

Lawsuit claims Lyft misled investors in its IPO prospectus

News | Digital Identity, Security & Online Fraud | 21 May 2019

A class-action lawsuit has claimed Lyft misled investors in its filing to go public, and its shares dipped as much as 3.6%, while the stock ended trading up 1.6%.

Lyft, lawsuit, investors, IPO prospectus, fraud, misleading, stock, shares, US, mischief, market share, safety

Alibaba solves USD 250 mln lawsuit

News | Digital Identity, Security & Online Fraud | 06 May 2019

Alibaba has settled a USD 250 million US lawsuit that accused the ecommerce company of concealing regulatory warnings about its ability to stop counterfeiting.

Alibaba, lawsuit, counterfeit, regulatory warnings, US, ecommerce, initial public offering, fraud, securities, litigation, shareholders

Fintech company WB21 faces lawsuit and scam accusations

News | Digital Identity, Security & Online Fraud | 03 Dec 2018

The US Securities and Exchange Commission has revealed a civil lawsuit against WB21, for aiding and abetting the sale of USD 165 million worth of shares in microcap stocks.

WB21, scam accusations, lawsuit, fraud, banks, shares, account opening, money transfer, digital bank

Visa, Mastercard to settle lawsuit over credit card fees

News | Payments General | 21 Sep 2018

Visa and Mastercard have announced intentions to pay USD 6.2 billion to settle part of a long-running lawsuit brought by merchants over fees on credit card transactions.

Visa, MasterCard, credit cards, transaction fees, payments, merchants, lawsuit, US

Cryptocurrency project Tezos to launch main network

News | Cryptocurrencies | 17 Sep 2018

The Tezos cryptocurrency project is preparing to launch the main version of its network that underpins a new virtual token.

Tezos, ICO, cryptocurrency, online fraud, lawsuit, Initial Coin Offering, US

Alibaba takes to court Dubai company behind Alibabacoin

News | Cryptocurrencies | 04 Apr 2018

Alibaba has sued a Dubai-based company it said has caused confusion by using its trademarked name to raise more than USD 3.5 million in cryptocurrencies known as “Alibabacoins”.

Alibaba, China, ecommerce, cryptocurrency, lawsuit, Alibabacoin, US

Walmart ecommerce results highly exaggerated – former director of business states

News | Ecommerce | 16 Mar 2018

A former director of business development for Walmart has claimed in a lawsuit the company published misleading results that helped to inflate its ecommerce numbers.

Walmart, ecommerce, lawsuit, US, North America

US cryptocurrency project gets sued over fraudulent ICO

News | Cryptocurrencies | 09 Nov 2017

The organizers behind Tezos, a technology project which in July 2017 raised USD 232 million in one of the largest Initial Coin Offerings (ICOs) ever, has been sued in California state court.

Tezos, ICO, cryptocurrency, online fraud, lawsuit, Initial Coin Offering, US