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News
South Korean Prosecutors Summon MBK Partners Chairman Kim Byung-ju Again Over Homeplus Fraud Allegations — BigGo Finance
10+ hour, 47+ min ago (645+ words) South Korean prosecutors have re-summoned MBK Partners Chairman Kim Byung-ju for questioning over alleged bond fraud at Homeplus. This marks the first investigation since the case was reassigned to the Anti-Corruption Investigation Division 2 following the rejection of an arrest warrant…...
General Mills, Mars Join Antitrust Suit Claiming US Sugar Giants Shared Pricing Data — BigGo Finance
3+ day, 12+ hour ago (253+ words) Three major food manufacturers have joined a federal antitrust lawsuit alleging that the two companies dominating US sugar refining used a subscription data service to coordinate pricing and inflate costs for one of the most ubiquitous ingredients in American pantries....
Xu Xiang's Wenfeng Share Manipulation Case Upheld on Final Appeal; 58 Investors Awarded RMB 8.59 Million — BigGo Finance
5+ day, 21+ hour ago (458+ words) The Jiangsu Provincial High People's Court issued a second-instance ruling in the civil compensation lawsuit against Xu Xiang and Xu Changjiang for manipulating Wenfeng Co.'s share price, awarding 58 investors a total of RMB 8.5978 million (approximately $1.3 million), with Wenfeng Co....
China's Supreme People's Court Issues First AI Ruling Rules: Deepfakes, Voice Cloning, and Doxxing All Constitute Infringement — BigGo Finance
5+ day, 21+ hour ago (261+ words) During a press Q&A session, a responsible official from the relevant department of the Supreme People's Court stated that a tolerant yet prudent approach should be adopted to balance personality rights protection with AI industry development, but "tolerance does…...
SEC Sues Proxy Adviser ISS to Enforce Subpoena in Escalating Oversight Push — BigGo Finance
6+ day, 16+ hour ago (560+ words) The Securities and Exchange Commission has gone to court to force Institutional Shareholder Services to hand over records tied to the proxy adviser's voting recommendations, a move that deepens the Trump administration's campaign to rein in firms that shape how…...
Seattle Times and Newsday Join Legal Assault on OpenAI, Microsoft Over Copyright — BigGo Finance
1+ week, 1+ day ago (477+ words) "We feel strongly that we must defend our content - which we spend millions of dollars a year to produce - from being used without our consent or compensation," Seattle Times President and CEO Alan Fisco wrote to employees, according to the…...
OpenAI Sued by 30 Tumbler Ridge Victims Alleging Executives Prioritized PR Over Police Referral — BigGo Finance
1+ week, 3+ day ago (282+ words) OpenAI is facing a fresh wave of litigation over the February mass shooting at Tumbler Ridge Secondary School in British Columbia, with 30 new complaints filed Wednesday in San Francisco federal court accusing executives of allowing public-relations considerations to override internal…...
Meta Agrees to Landmark $17 Billion Settlement With 47 States Over Teen Social Media Addiction Claims — BigGo Finance
1+ week, 5+ day ago (722+ words) Meta Platforms has agreed to pay up to $17 billion over 10 years to settle a federal lawsuit brought by 47 states, the District of Columbia, and three territories alleging the company deliberately addicted teenagers to Facebook and Instagram. The case began in…...
South Korea's Supreme Court Rules Korea Zinc's Voting-Right Restriction on Young Poong Unlawful; SMC Not Recognized as Subsidiary — BigGo Finance
1+ week, 6+ day ago (711+ words) South Korea's Supreme Court has definitively ruled that Korea Zinc's move to restrict the voting rights of its largest shareholder, Young Poong, based on its Australian affiliate Sun Metals Corporation (SMC), was unlawful. The court upheld the lower court's determination…...
Ex-White House Aide Fined $172,000, Banned From Trading Over Kalshi Speech Bets — BigGo Finance
1+ week, 6+ day ago (405+ words) A former White House teleprompter operator who bet on what President Donald Trump would say in public remarks must surrender more than $107,000 in trading profits and pay a $65,000 civil penalty, the Commodity Futures Trading Commission said in an order issued…...