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Law firms are riding high as profits surged an impressive 11.2% in the third quarter of 2024, signaling a prosperous year for the industry. A recent report by the Thomson Reuters Institute’s Law Firm Financial Index revealed a solid combination of higher productivity, favorable billing rates, and controlled expenses, creating a landscape of sustainable growth …

Legal Sector Cashes In: Law Firm Profits Surge in 2024’s Third Quarter Read More »

FTX, the once-dominant crypto exchange now grappling with bankruptcy, has launched a new lawsuit against Binance and its former CEO Changpeng Zhao, known as “CZ,” over a contested $1.8 billion transfer. The legal dispute zeroes in on Binance’s exit from FTX’s ownership in 2021, when FTX’s Alameda Research allegedly funded the buyout using tokens valued …

FTX and Binance Clash Over $1.8 Billion in Fresh Court Showdown Read More »

In a decision with sweeping implications, a New York judge is set to rule this week on whether President-elect Donald Trump’s conviction over hush money payments to an adult film actress will be overturned. The case brings the weighty question of presidential immunity back into focus after a recent Supreme Court decision limited prosecutorial reach …

Judge’s Verdict on Trump’s Conviction Looms, with High Stakes for Presidential Immunity and Sentencing Read More »

The United States has charged an Iranian national, Farhad Shakeri, for allegedly plotting to assassinate President-elect Donald Trump, a plan the U.S. Department of Justice (DOJ) claims was orchestrated by Iran’s elite Revolutionary Guard Corps (IRGC). Shakeri reportedly informed U.S. law enforcement officials that, in early October, he was directed to devise a plan to …

U.S. Unveils Charges Against Iranian Man in Alleged Plot Targeting Trump Read More »

Music mogul Sean “Diddy” Combs has proposed a $50 million bail plan in hopes of securing his release from Brooklyn jail, where he’s been held for over two months on criminal sex trafficking charges. The new bail offer, backed by his $48 million Miami mansion and supported by family members, includes conditions for home detention, …

Diddy Seeks $50 Million Bail, Judge Denies Gag Order Request Read More »

A pivotal move was made this week by a U.S. judicial committee, which agreed to take steps toward drafting regulations for AI-generated evidence. During a meeting held at New York University Law School, the Advisory Committee on Evidence Rules of the U.S. Judicial Conference decided to begin the process of formulating a new rule to …

US Court Panel Moves to Address AI-Generated Evidence Amid Growing Deep Fake Concerns Read More »

A federal appeals court has upheld a ruling blocking the controversial alliance between American Airlines and JetBlue Airways, further unraveling the airlines’ plans to join forces in the U.S. Northeast. The 1st U.S. Circuit Court of Appeals sided with the U.S. Department of Justice, affirming that the alliance violated antitrust laws. The court found that …

Court Upholds Ruling Against American Airlines and JetBlue Partnership Read More »

In a decision that reflects modern trends, Massachusetts’ highest court has ruled that an engagement ring is a gift that must be returned when a relationship ends. The Massachusetts Supreme Judicial Court ruled on Friday that Caroline Settino must return the $70,000 Tiffany engagement ring to her former fiancé, Bruce Johnson, after a legal battle …

Massachusetts Court Rules $70,000 Engagement Ring Must Be Returned to Ex-Fiancé Read More »