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fromBloomberglaw
10 hours agoMeta Cases Put Social Media Platforms at Securities Fraud Risk
Social media platforms face new legal challenges regarding their role in facilitating fraudulent securities schemes.
Van der Woude was arrested on Harvard-Westlake's campus in February 2024 after another parent complained to police that their son had also been abused, the outlet reported. By that time 17, he was ordered to complete probation and pay $50,000 in restitution under a plea deal with Los Angeles County prosecutors that dropped a more serious charge - the restitution remains unpaid, per the outlet.
the founder and CEO of fitness technology company Whoop has found himself thrust into the center of a global controversy after his startup 's products became the unlikely breakout star of this year's Australian Open. It was not a typical viral moment. It happened after the top tennis players in the world across the women's and men's game, Aryna Sabalenka, Carlos Alcaraz, and Jannick Sinner, were all asked by umpires to remove their Whoop fitness devices from their wrists during the middle of their matches.
The players have been lobbying for a greater share of the money made by those organising the grand slam championships since last year's French Open when a delegation, including Carlos Alcaraz, Jannik Sinner, Aryna Sabalenka and Coco Gauff, urged executives from all four tournaments to increase their prize funds to 22% of revenue by 2030, which would be in line with ATP and WTA Tour events.
On a Wednesday in the desert last March, Reilly Opelka, the American with a cannon of a serve, was grinding out a tough match against French number one Arthur Rinderknech. Nearby, former US Open men's finalist Kei Nishikori beat Luca Nardi, part of the new wave of Italian talent, while Brazilian phenom Joao Fonseca closed out Pavel Kotov, who reached number 50 in the world in 2024.
It's possible that a judge or arbitrator in the high-stakes breach-of-contract case awards monetary damages to the Rose Bowl and the City of Pasadena based on a prediction of lost revenue over the length of a lease that runs through June 2044, freeing the Bruins to abandon their longtime football home for SoFi Stadium.
As her father, Steven Meyer, put it in the show interview, "Katie, being Katie, was defending a teammate on campus over an incident and the repercussions of her defending that teammate [possibly led to the disciplinary action]." The family subsequently filed a wrongful death claim against Stanford in November 2022, and now, over three years later, that is getting settled out of court.
The complaint argues that the platform's event contracts, which allow users to trade on outcomes including sports games, function the same way as banned wagers. According to the filing, consumers who lose money on those contracts are being harmed. Reynolds is seeking damages and restitution for a proposed class, along with a declaratory judgment and a jury trial. The Oregon case joins similar litigation already moving through courts elsewhere.
The enormity of the problem cannot be understated. A Federal Circuit panel recently reached a final decision that, if not overturned, will destroy the U.S. patent system, and will ironically impact the most valuable patents disproportionately. The ruling was simple and continues a disturbing and inexplicable trend-a patent issued after more than six years in prosecution is presumed unenforceable as the result of prosecution laches.