Courts Financial News

Ben Delo, co-founder of cryptocurrency exchange BitMEX, will face a class-action lawsuit brought forth by exchange users, a United States federal judge has ruled. 

BJP on Tuesday seized the Delhi High Court's rejection of Chief Minister Arvind Kejriwal's plea against his arrest by the ED and its critical observations to attack the AAP convener, claiming the movement which began with the Indian Against Corruption stir has now turned into «Kejri Corruption Kranti». The BJP also pushed for the chief minister's resignation, with its Delhi unit president Virendra Sachdeva asking if he is now left with any moral right to continue while he remains under arrest. BJP's national spokesperson Sudhanshu Trivedi cited several observations of the high court to slam the Aam Aadmi Party (AAP) and its chief, accusing them of trying to politicise investigation and judicial processes. In a setback to Kejriwal, the high court on Tuesday dismissed his petition challenging his arrest in a money laundering case stemming from the alleged excise scam, saying there was no contravention of legal provisions.

Delhi minister and Aam Aadmi Party (AAP) leader Saurabh Bharadwaj on Tuesday claimed that the Enforcement Directorate (ED) has been constantly pressuring witnesses to change their statements in relation to the Delhi excise policy case. «The witnesses were constantly forced and beaten up to change their statement,» said the minister, while addressing a press conference. He vehemently dismissed the case as unfounded and rooted in falsehoods. Bharadwaj pointed fingers at the Bharatiya Janata Party (BJP), accusing them of orchestrating a ploy against AAP with the intention of «destroying» the governments in Punjab and Delhi.

Arvind Kejriwal will move the Supreme Court against a high court order dismissing the plea against his arrest by the Enforcement Directorate in a money laundering case linked to the alleged excise scam, AAP sources said on Tuesday. The Delhi High Court dismissed Kejriwal's plea on Tuesday. «The court is of the view that the arrest of Arvind Kejriwal was not in contravention of legal provisions. The remand can't be held to be illegal,» said Justice Swarana Kanta Sharma while delivering the verdict. Besides his arrest, Kejriwal, who is currently in judicial custody, also challenged his subsequent remand in ED custody in the case.

Wrestling Federation of India (WFI) challenging its suspension, seeking the central government's response in four weeks. The matter will now be heard on May 28. On December 24, 2023, the central government had suspended the wrestling federation, three days after the Federation conducted its election, and sexual harassment accused BJP MP Brij Bhushan Saran Singh's close aide Sanjay Singh emerged as the winner.

A deportation hearing for the truck driver who caused the deadly Humboldt Broncos bus crash six years ago has been scheduled for next month.

South Korean youth debt is on the rise, with crypto investments leading many desperate young people to bankruptcy courts, new data shows.

Elon Musk on April 9 claimed that the Brazilian employees of his social media site X (formerly known as Twitter), are being threatened with arrest. The tech mogul further added that all details he has on Brazilian Supreme Court judge Alexandre de Moraes will be shared after his employees are safe. “We need to get our employees in Brazil to a safe place or otherwise not in a position of responsibility, then we will do a full data dump.

Arvind Kejriwal was arrested by the Enforcement Directorate on March 21 following raids at his official residence. The raids were conducted after the high court refused to grant the Delhi chief minister protection from coercive action by the federal anti-money laundering agency. The law enforcement agency has challenged Arvind Kejriwal's bail application citing Lok Sabha elections 2024, arguing that the law applies equally to him, an “aam aadmi".

Biden announced on Monday plans to ease student debt that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in November. The plans, which the Democratic president detailed in Madison, Wisconsin, include cancelling up to $20,000 of accrued and capitalized interest for borrowers, regardless of income, which Biden's administration estimates would eliminate the entirety of that interest for 23 million borrowers.

Top Events of the Day: India is all set to witness a series of important political, judicial, and technological events today. These include PM Modi's Lok Sabha election campaigns in Madhya Pradesh, Uttar Pradesh, and Tamil Nadu, Amit Shah and Rajnath Singh's public rallies, farmers protest, Arvind Kejriwal's bail plea in Delhi HC, etc. Besides this, the nation will also celebrate Navratri and Ugadi on April 9.

small Montana town near the U.S.-Canada border where thousands of people were exposed to toxic asbestos dust. The railroad — now owned by Warren Buffett's Berkshire Hathaway Inc. — hauled asbestos-tainted vermiculite from a nearby mine through Libby, Montana, over decades.

The long-awaited trial of alleged Mango Markets crypto criminal Avraham Eisenberg got underway as jury selection began in Manhattan federal court Monday. Eisenberg is accused of stealing an estimated $110 million out of the crypto exchange Mango Markets by utilizing their cryptocurrency MNGO for fraud.

Delhi High Court is scheduled to deliver on Tuesday its verdict on a plea by Chief Minister Arvind Kejriwal, who is in judicial custody in a money laundering case linked with the alleged excise scam, challenging his arrest. As per the cause list uploaded on the high court's website, Justice Swarana Kanta Sharma will pronounce the order at 2:30 p.m. on Tuesday. Besides his arrest, Kejriwal has also challenged his subsequent remand in the Enforcement Directorate's custody. He was later remanded in judicial custody and is currently lodged in Tihar jail. The AAP national convener has questioned the «timing» of his arrest by the agency and said it was in contravention of the basic structure of the Constitution, including democracy, free and fair elections and level playing field.

Panama Papers" money laundering started Monday in a Panamanian criminal court. Those on trial include the owners of the Mossack-Fonseca law firm that was at the heart of the 2016 massive document leak.

Google's smart speakers and other devices do not violate Sonos' patent rights and can be imported into the United States, a U.S. appeals court affirmed on Monday. The U.S. Court of Appeals for the Federal Circuit upheld a U.S. trade tribunal's decision that Google's redesigns of products, including Google Home speakers, Pixel phones and Nest Hub smart displays, were sufficient to avoid infringing Sonos' multi-room wireless audio patents.

Elon Musk and Brazil escalated on Sunday when a Supreme Court judge opened an inquiry into the billionaire after Musk said he would reactivate accounts on the social media platform X that the judge had ordered blocked. Musk, the owner of X and a self-declared free speech absolutist, has challenged a decision by Justice Alexandre de Moraes ordering the blocking of certain accounts. He has said X, formerly known as Twitter, would lift all the restrictions because they were unconstitutional and called on Moraes to resign.

A Raja said the AIADMK and BJP should look inwards before pointing «tainted fingers» at the DMK over allegations of corruption and dynastic politics. The DMK MP said he was confident of retaining his Nilgiris seat with a «substantial margin» and that he remained unfazed by his rivals' attacks on him over the 2G scam and allegations of being corrupt. «I am being celebrated as a hero as far as 2G is concerned because I very bravely told everyone to call me 'Spectrum Raja',» he told ET in an exclusive interaction. «I am a Spectrum Raja. I am the spectrum king. I led a revolution. It is not unknown to history that a person who led a revolution is often called a criminal or a corrupt man.» The BJP and the AIADMK have been levelling charges against Raja, raking up his alleged involvement in the 2G spectrum allocation cases, which have been popularly dubbed as the 2G scam. In December 2017, a special CBI judge acquitted Raja, DMK supremo M Karunanidhi's daughter Kanimozhi, and other accused of all charges in the cases. The Delhi High Court in March this year admitted a CBI appeal against the acquittal of Raja and 16 others in the 2G scam case.

reached a settlement on separate litigation in state court. Disney’s request last Friday to the federal appellate court was motivated by last month’s settlement deal involving two Florida lawsuits between Disney and the DeSantis-appointed Central Florida Tourism Oversight District.

YouTuber Sattai Durai Murugan in a case relating to the alleged derogatory remarks made against Tamil Nadu Chief Minister MK Stalin in October 2021, news agency PTI reported. "If before elections we start putting behind bars everyone who makes allegations on YouTube, imagine how many will be jailed?" a bench of justices Abhay S Oka and Ujjal Bhuyan told senior advocate Mukul Rohatgi while setting aside the order cancelling bail to Murugan. The apex court said that the YouTuber could not be said to have misused the liberty granted to him while expressing his views, the court also rejected the request of the Tamil Nadu government to impose a condition on Murugan to refrain from making scandalous remarks while on bail.

Arvind Kejriwal's plea in connection with the Delhi Excise Policy case at 2:30 pm on Tuesday, April 9. In his plea, Kejriwal had challenged his arrest and remand by the Enforcement Directorate (ED) in a money laundering case linked to the liquor policy case. The Enforcement Directorate arrested Kejriwal, the chief of Aam Aadmi Party (AAP), on March 21.