legal
With Wednesday’s Third Amended Complaint alleging the Twitter CEO of “carnival barking market manipulation and insider trading” with respect to his public endorsement of Dogecoin and changing Twitter’s classic blue bird logo to the Dogecoin logo in April for three days.
Nate Chastain, who was charged with wire fraud and money laundering, now faces up to 40 years in prison for illegally using confidential information to buy and sell digital collectibles.
With record labels like Universal Music Group making their position clear about where they stand on generative AI training and copyrighted music, the question of how one would even bring a lawsuit against an AI is not an easy one to answer.
Presenting companies and regulators with fundamental questions that speak to the relationship between a blockchain and a digital asset’s investors.
Stating that “using enforcement actions to tell people what the law is in an emerging industry is not an efficient or fair way of regulating.”
In the highly-anticipated case of Hermès v. Mason Rothschild, Wednesday’s verdict now establishes the very first ruling on trademark infringement with consumer products and digital art.
With the initial lawsuit against Ryder Ripps still ongoing, the settlement agreement reached with the spin-off project’s developer, Thomas Lehman, doesn’t address any of the crucial issues inherent to trademark infringement/digital collectibles – but may be communicating something much more problematic.
In a sealed decision by the Federal Court on Wednesday morning that denied the FTC’s Emergency Motion asking the Court to block Meta’s proposed acquisition of VR developer studio, Within Unlimited.
With two major lawsuits already underway, including a Getty Images initiated suit, and another class-action against StabilityAI, DeviantArt, and Midjourney that puts “diffusion-based image generation models” front-and-center.
In the final hours of the FTC’s temporary restraining order that is set to expire Tuesday night, which has prevented both parties from moving forward with the acquisition deal.
