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Back in July, three senior judges at the Court of Appeal heard a legal challenge from the FCA over the Upper Tribunal's decision to rule in favour of billionaire Michael Platt's hedge fund and reject the regulator's demand for investor compensation. In a ruling published on Wednesday (3 October), judge Andrew Popplewell said the FCA is «entitled in an appropriate case to impose redress for loss of a kind which is not recoverable in the courts». FCA resumes legal dispute with hedge fund BlueCrest over $700m redress scheme The financial watchdog said in a statement that the ruling ha...

Charities, distant relatives and even pets are benefiting from surprise inheritances. They can thank people without children.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

A Michigan court says concert promoter Live Nation isn't responsible for the deaths of three young men who succumbed to carbon monoxide poisoning from a generator while camping at a concert

Crypto index fund manager Bitwise on Wednesday filed an S-1 registration statement with the Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF) that would give investors direct exposure to Ripple Labs's XRP (XRPUSD) crypto token.

US congressional elections, albeit on a temporary basis. A federal appeals court said that betting on the US congressional election can be resumed on a temporary basis. The U.S. Court of Appeals for the District of Columbia Circuit has lifted a prior injunction that prohibited New York startup company Kalshi from betting on which political party will control the House and Senate following the election, which will happen in November. The recent rule of the U.S. Court of Appeals has cleared the way for restarting the betting activity, and the court continues to deliberate on the core issues surrounding the case, which means that the court is taking time to analyze the implications and legalities, as per ABC News. Kalshi has only offered betting on congressional races, but there is no immediate indication that Kalshi is planning to broaden its betting options to feature presidential elections. As the political climate heats up, stakeholders are eager to see whether the platform will diversify its offerings in the near future. The court has declared that it will reconsider a ban willingly only if the relevant commission presents evidence that is a threat of serious harm to the interests of the public in the coming week.

Putin has signed into law measures that allow defendants in criminal cases to avoid prosecution if they join the military. The measures, whose enacted versions appeared on a government website Wednesday, come as Russia's need for military manpower remains high in the more than 2 1/2-year-old conflict in Ukraine. The measures amend a section of the Russian criminal code that stated convicts could be released if they enlisted in the military, and that suspects whose cases are under investigation but not yet in court can be eligible to have their cases suspended. The new measures extend the suspension offer to those whose cases are in the trial stage.

Some manufacturers and retailers are urging President Joe Biden to invoke a 1947 law as a way to suspend a strike by 45,000 dockworkers that has shut down 36 U.S. ports from Maine to Texas

Subscribe to enjoy similar stories. New Delhi: Caught in a cycle of costly legal battles, the Indian government plans to roll out a new national litigation policy aimed at curbing legal expenses, particularly in cases where the government is effectively suing itself, according to officials familiar with the matter. The policy, still under development, will focus on disputes between government entities, such as public sector undertakings (PSUs), which have long been a financial burden on the administration.

Subscribe to enjoy similar stories. The Supreme Court recently reprimanded the ministry of finance for treating Debt Recovery Tribunals as a subordinate entity—a factor that experts say impedes the already overburdened DRTs dealing with hundreds of thousands of pending cases. The rebuke followed a report submitted by the presiding officer of the DRT in Visakhapatnam to the top court, revealing that the quasi-judicial body’s staff had been directed to assist the finance ministry in tasks such as data compilation, undermining the tribunal’s functioning.

Muzaffarnagar's Titora village, Atul Kumar studied for 18 hours a day, taking breaks only for food and sleep, as he prepared for the much-dreaded IIT entrance. Despite the gruelling schedule he sustained for 11 months, the 18-year-old, who almost didn't go to IIT despite cracking the test, advises against letting the pressure get to the head. «At my coaching institute, they said if you think that the IIT entrance examination is tough, then it is indeed tough. And if you consider it as an easy exam, then it is an easy one,» Kumar told PTI. Son of a daily wage labourer, Atul Kumar had lost his seat at IIT-Dhanbad after missing the fee deadline. He got a second chance when in an unprecedented move, the Supreme Court asked the institute to admit him to the BTech course.

Ajay Banga, the 14th President of the World Bank, recently held court in Stanford’s Hoover Institution. The former MasterCard CEO, who in 2021 became an advisor to General Atlantic's climate-focused fund, painted a picture of a world at a crossroads—grappling with climate change, refugee crises, and the promise (and perils) of AI. Banga took the reins at the World Bank last year. He said. «We are a Knowledge Bank,» repositioning the Bank from being just a “money bank” to a venerable institution focused on solving many problems. On climate, Banga was cautiously upbeat. He pointed to the Paris Agreement as a turning point, not just for governments but also for public awareness. «This wasn't even a topic five-eight years ago,» he noted. The rapid progress in renewable energy particularly caught his eye. «It now takes a day to install a gigawatt of solar. It used to take 100 days a few years ago,» Banga said.

A former financial manager for the NFL’s Jacksonville Jaguars who stole $22 million from the team is suing FanDuel for $250 million, saying the betting company preyed on his gambling addiction

The 12-month grace period for student loan borrowers came to an end on Sept. 30

Music mogul Sean “Diddy” Combs has retained Sam Bankman-Fried’s lawyer as he appeals a judge’s decision to deny him bail in his ongoing legal battle, according to Business Insider.

Bombay High Court on Tuesday pulled up the special investigation team probing the Badlapur sexual assault incident and questioned why they have still not arrested the two trustees of the school. «The police goes outside (the state) to nab (an accused). How come they have not been able to apprehend these two? Are they waiting for them to get anticipatory bail,» asked a division bench of justice Revati Mohite Dere and Justice Prithviraj Chavan. HC was hearing the suo motu PIL after the assault incident when two kindergarten students of a school were sexually assaulted in the school's toilet by one of the employees.

The U.S. broker-dealer unit of Toronto Dominion Bank TD.TO has agreed to pay over $20 million under a deal with U.S. authorities to settle charges that it manipulated the U.S. Treasuries market.

Bombay High Court on Tuesday refused pre-arrest bail to the chairman and secretary of a school in Maharashtra's Badlapur town where two minor girls were sexually assaulted by a male attendant. A single bench of Justice R N Laddha said prima facie there is material to show the two accused were aware of the alleged incident before August 16 but they failed to take any steps to report the same to police or local authority. Justice Laddha further said the offence is serious and the court has to consider the plight of the minor victims. «The victims are minors. The trauma that they have endured can profoundly affect their adolescent years leaving them with lasting psychological scars,» the court said.

Arkansas says YouTube is deliberately addictive, fueling a mental health crisis.

Subscribe to enjoy similar stories. When the Supreme Court of India intervened in 1998 to address the growing problem of vehicular air pollution in Delhi—which subsequently expanded to other cities—by ensuring access to CNG as a fuel, it provided much needed relief to urban India.