Wells Fargo has agreed to pay a settlement of $3.7 billion to the Consumer Financial Protection Bureau (CFPB) in relation to customer abuse allegations. These allegations pertain to checking accounts, mortgages, and auto loans, with some incidents of misconduct occurring as recently as this year. The settlement resolves the
by Gene GoodwinEpic Games and the Federal Trade Commission reached a $520 million settlement over claims the Fortnite developer broke online privacy protection laws for kids and tricked players into buying in-game items. The settlement includes a record $275 million penalty to settle alleged violations of the Children’s Online Privacy Protection
by Gene GoodwinFederal prosecutors charged social media influencers active in last year’s meme-stock fever with engaging in a $114 million “pump and dump” scheme. Constantinescu and Matlock are co-founders of Atlas Trading, a stock-trading forum on Discord. Constantinescu has more than 550,000 Twitter followers, according to the US Securities and
by Gene GoodwinIf you've bought chicken since 2009, you might be owed money. Here's how to collect You might be entitled to compensation if you purchased chicken products within the last 11 years. No receipt is necessary. The Department of Justice has investigated poultry companies for price-fixing violations
by Gene GoodwinCow’s milk-based baby formula and milk fortifier products (like Enfamil™ and Similac®) are more likely to develop necrotizing enterocolitis (NEC), a serious potentially fatal gastrointestinal illness that is seen mostly in premature babies and low-birth-weight babies. Studies have found that premature babies appear to develop NEC and other problems
by Gene GoodwinUSA Damian Williams: Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY. We expect to move to unseal the indictment in the morning and will have more to say at that time. — US Attorney
by Gene GoodwinAccording to Bloomberg News, Juul Labs has agreed to pay $1.2 billion to resolve about 10,000 lawsuits targeting the e-cigarette maker as a major cause of a US youth-vaping epidemic. Juul said it had settlements with about 10,000 plaintiffs covering more than 5,000 cases in California.
by Gene Goodwin
The proposed class-action suit claims that MoonPay, a fintech company valued at $3.4 billion, and talent manager Guy Oseary conspired and engaged in fraudulent activity by recruiting prominent celebrities to invest in the company without disclosing their financial interest. The suit also alleges that celebrities, including Justin Bieber, Kevin
by Gene Goodwin