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TOP NEWS
Feds Back High Court Review Of Robinhood Disclosure Suit
By Rae Ann Varona
The Trump administration urged the U.S. Supreme Court Wednesday to take up Robinhood Markets Inc.'s bid to clarify securities issuers' liability for omitting material interim financial information from registration statements, saying the Ninth Circuit erroneously imposes liability by "collapsing" two elements of a misleading-omissions violation.
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EMPLOYMENT & BENEFITS
SECURITIES
COMPETITION
PRODUCT LIABILITY
BMW Beats X5 Transmission Defect Suit, For Now
By Gina Kim
BMW has defeated for now a proposed class action alleging it knew about a transmission component defect causing some of its cars to jerk and shudder but refused to cover repair costs, with a New Jersey federal judge saying Wednesday the allegations are insufficient to infer BMW knew about any defect.
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CYBERSECURITY & PRIVACY
Crypto.com Beats Website Users' Tracking Suit, For Now
By Gina Kim
A California federal judge dismissed, for now, a proposed class action alleging Crypto.com's site operator allowed third parties to track visitors' browsing activities despite rejecting the use of cookies, ruling Monday the plaintiffs lack standing since the information that was allegedly collected wasn't sensitive enough to constitute concrete injury.
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