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A fingertip on top of Slack and Salesforce apps on the smartphone screen illustrates Slack shareholders' lawsuit.

News and Analysis Lawsuit News

The Latest Developments in the Slack Class Action Lawsuit

World Fintech News June 4, 2023 0

The United States Supreme Court ruled unanimously in favor of Slack Technologies, offering the business communications software firm another chance to avoid a class action lawsuit connected with its 2019 direct listing. The Supreme Court reversed a lower court’s 9-0 ruling that permitted

Ripple's $200M legal battle with the SEC is illustrated by a picture of business and legal professionals discussing.

Lawsuit News

Ripple’s $200M Lawsuit Costs & Dubai Expansion Strategy

World Fintech News May 28, 2023 0

Brad Garlinghouse, the chief executive officer of Ripple, stated that the company will have spent $200 million to defend itself against the U.S. Securities and Exchange Commission lawsuit. The SEC initiated a Ripple lawsuit and accused its CEO and co-founder of violating SEC regulations by trading XRP without filing it with regulators. Ripple contests the […]

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Lawsuit News

JP Morgan Duped by Start-up Founders’ Fake Customers

World Fintech News January 23, 2023 0

JPMorgan Chase prosecuted the 30-year-old creator of Frank, a fintech firm it bought for 175 million dollars, for purportedly lying about its growth and performance. The United States District Court of Delaware argues that Javice sold JP Morgan to 4 million customers in 2021 for a reasonable share price and then subscribed to use Frank’s […]

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Lawsuit News

InvestReady Files An Amicus Brief For The SEC Vs. Ripple Case

World Fintech News January 2, 2023 0

The Chief Executive Officer of fintech company InvestReady is requesting permission from the court to submit legal papers to support U.S. SEC in its case against Ripple Labs . Adrian Alvarez claims in Linkedin post that the recent incident involving the cryptocurrency exchange FTX gave him the idea to file a legal brief. He claims […]