Tagged: lawsuit

Here is the Complaint Filed by the New York State Department of Financial Services Against the Office of the Comptroller of the Currency

As we reported last week, Maria T. Vullo, the Superintendent of the New York State Department of Financial Services, filed a lawsuit against the Office of the Comptroller of the Currency (OCC), and Keith Noreika, acting Comptroller. The complaint pertains to the OCC”s Fintech Charter…. Read More

New York Department of Financial Services Sues OCC Regarding National Fintech Charter

The New York Department of Financial Services has filed a lawsuit in US District Court in Manhattan against the Office of the Comptroller of the Currency (OCC). The action was taken to challenge the OCC’s initiative to issue national Fintech Charters. Reuters reported the NYDFS legal… Read More

CFPB Sues Four Online Lenders Operated by a California Indian Tribe

The Consumer Financial Protection Bureau (CFPB) has sued four online lenders for collecting debt from consumers they allegedly did not owe. The four lenders include: Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc., and Majestic Lake Financial, Inc. – The suit… Read More

PayPal Directors Hit With Class Action Suit from Shareholders Over Venmo

  On March 24, 2017, shareholders of PayPal Holdings Inc., the parent company of mobile-payment provider Venmo, filed a derivative suit against its directors in the District Court of Delaware. A derivative suit is a form of class action in which shareholders can sue company… Read More

Creators of Crowdfunded Star Trek Film “Axanar” Heading to Court For Paramount & CBS Infringement Lawsuit

One year after Paramount and CBS filed a copyright infringement lawsuits against Star Trek fan film, Axanar, the studios are now heading to court to present their case against the Indiegogo and Kickstarter-funded project. Axanar raised over $1 million through Indiegogo and Kickstarter campaigns and is described… Read More

Victory: Gust Wins Crowdfunding Patent Infringement Case Against AlphaCap Ventures

Two Year Patent Troll Case Ends in Triumph as Gust Refuses to Settle in “Giant Win” for Crowdfunding Industry. Gust, the “world’s largest community of entrepreneurs and early-stage investors”, has won a huge victory in court that impacts the entire crowdfunding industry. Today Gust announced the… Read More

Pile On: Yirendai Now Has Eight Lawsuits Against Them

At the most recent count, China-based peer to peer lender Yirendai (NYSE:YRD) has at least eight class-action lawsuits filed against the company following the enactment of new regulations directed towards the booming online lending industry in China. The firms that have made public proclamations are as… Read More

Florida Court Explains Why Bitcoin is Not Money

Having just gotten around to reading the order granting the motion to dismiss in the proceedings of the State of Florida vs. Michell Abner Espinoza, the document by Circuit Court Judge Teresa Pooler, is pretty interesting.  The case regarding Espinoza has been in the news… Read More

iFunding Settles Lawsuit, Says Most Recent Month Best Ever

Real estate crowdfunding platform iFunding (Innovational Funding LLC) has settled a lingering lawsuit regarding a shareholder claim against the young  company. According to information provided by iFunding, the lawsuit brought against the company by Michael J. Turner has been settled for cash.  The cash settlement… Read More

Yirendai Gets Hit with Several Lawsuits on Share Price Decline

The several law firms have filed class-action lawsuits on behalf of shareholders of Yirendai (NYSE:YRD) who acquired shares at some point during 2016 – some of the filings are specifying date ranges. The reason this is interesting is that these law firms are faulting Yirendai… Read More

As Skully Collapses, Lawsuit Heats Up as Founders are Sued with Allegations of Fraud

Last month it was reported that Skully, a company launched to create a super cool augmented reality motorcycle helmut, had jettisoned its founders as investors had enough of the lack of progress and mismanagement. Yesterday, TechCrunch reported that Skully is no more. While the very… Read More

Primo Toys Addresses Digital Dream Labs Lawsuit

Following the news that Pittsburgh tech startup, Digital Dream filed an infringement lawsuit for its Kickstarter-funded project, Cubetto, Primo Toys officially addressed the situation. As previously reported, Cubetto is a toy for both boys and girls and is powered by what is described as a “tangible” programming… Read More

Pittsburgh Tech Startup Digital Dream Labs Files Lawsuit Against Primo Toys For Patent Infringement

Just a few months after Crowdcube #FundedClub member Primo Toys raised nearly $1.6 million through its Kickstarter initiative for educational toy Cubetto, Pittsburgh tech startup, Digital Dream, announced it was officially filing a lawsuit against the UK toy maker for reportedly marketing and selling an… Read More

Creators of Crowdfunding Success “Star Trek: Axanar” Unveils Trailers Midst Lawsuit (Video)

Just six months after Paramount and CBS announced they have filed a lawsuit against Star Trek:Axanar for copyright infringement, creators of the crowdfunding success have unleashed the film’s first two trailers. The film has raised over $1 million through Indiegogo and Kickstarter campaigns. Although it is considered a feature film,… Read More

Lawsuit Filed Against iFunding “Discontinued with Prejudice”

In a pretty big win for the real estate crowdfunding platform iFunding, the lawsuit filed against it by CapStack Partners was “discontinued with prejudice in all respects” yesterday. Crowdfund Insider reported in January that CapStack Partners had filed a grievance with the Supreme Court of… Read More

“Axanar” Legal Woes Continues: Paramount & CBS Amend Lawsuit to Include The Use of Klingon Language & Vulcan Ears

And the legal woes just keep on coming for crowdfunding success Axanar. Back in December 2015, film giants Paramount and CBS slapped the project with an infringement lawsuit. The companies have viewed the film as a violation of their intellectual property and filed a lawsuit in California… Read More

COIN Tossed Into Class Action Lawsuit by SF Lawfirm

COIN, the one card to rule them all, has been slapped with a class action lawsuit filed by Kronenberger Rosenfeld, a San Francisco-based law firm that specializes in internet, tech and media law.  The suit was filed against COIN alleging they “knowingly marketed a defective product”…. Read More