New York’s attorney general filed a lawsuit on Wednesday to shut down the cryptocurrency platform Coinseed for allegedly defrauding thousands of investors, including by charging hidden trading fees and selling “worthless” digital tokens. From a report: Attorney General Letitia James said Coinseed traded cryptocurrencies such as bitcoin without registering as a broker-dealer, and sold “CSD” tokens without authorization to raise money…
Tag: letitia james
To Block Covid-19 Charges, Amazon Sues New York’s Attorney General
The Associated Press reports:
Amazon is suing the attorney general of New York in a bid to stop her from suing the company over its coronavirus safety protocols and the firing of one of its outspoken workers. In the lawsuit filed Friday in Brooklyn federal court, Amazon said Attorney General Letitia James overstepped her authority by trying to regulate coronavirus safety protocols…
Facebook Antitrust Probes Will Target Acquisition of WhatsApp and Instagram
A group of state attorneys general, led by New York Attorney General Letitia James, is on track to file antitrust charges against Facebook in early December, according to a report Thursday from the Washington Post. CNET: The move comes as the US Federal Trade Commission is also reportedly finalizing its antitrust probe into the social media giant. State and federal investigators…
New York Unveils Landmark Antitrust Bill That Makes It Easier To Sue Tech Giants
An anonymous reader quotes a report from The Guardian: New York state is introducing a bill that would make it easier to sue big tech companies for alleged abuses of their monopoly powers. Bill S8700A, [The Twenty-First Century Anti-Trust Act] now being discussed by New York’s senate consumer protection committee, would update New York’s antiquated antitrust laws for the 21st century,…
New York Attorney General is Interviewing Amazon Employees About Warehouse Conditions as Retaliation Probe Continues
The New York attorney general’s office has interviewed Amazon workers from a handful of facilities in the state, as claims of employee retaliation become a central focus of its investigation into the company’s labor practices, CNBC reported Friday, citing people familiar with the matter. From the report: New York Attorney General Letitia James sent a letter to Amazon in April saying…