Bankruptcy Lawyer Fees for FTX Reach $53,000 per Hour, Raises Concerns
Dec 18, 2023 09:14 am UTC| Business Digital Currency Law
According to recent compensation filings, FTX, the defunct crypto exchange, has been expending a staggering $53,000 per hour on bankruptcy lawyers and advisers. Over the three months ending October 31, FTX burned through...
Starbucks, TGI Fridays Operator in Brazil Receives Bankruptcy Protection
Dec 13, 2023 06:53 am UTC| Business Law
A Sao Paulo judge has approved bankruptcy protection for SouthRock Capital, the company responsible for running all Starbucks coffee shops and TGI Fridays restaurants in Brazil. This ruling results from SouthRocks filing...
Dec 13, 2023 06:23 am UTC| Business Law
Incarcerated Alabamans and labor organizations have filed a federal class action lawsuit against the state of Alabama, demanding an end to the controversial forced prison labor system. This system leases incarcerated...
What is the government's preventative detention bill?
Dec 07, 2023 08:01 am UTC| Law
After a week of non-stop headlines, the governments preventative detention legislation is being debated in the lower house, just in time for the end of the sitting year. Its likely to pass on Thursday. The new laws will...
Dec 05, 2023 09:22 am UTC| Digital Currency Law Business
True believers in cryptocurrency have had a rough few weeks. The US government just fined Binance the worlds largest crypto exchange US$4.3 billion (3.4 billion) for its involvement in money laundering. It forced the...
Dec 05, 2023 09:17 am UTC| Life Law
Across the United States, arrest rates for young people under age 18 have been declining for decades. However, the proportion of youth arrests associated with school incidents has increased. According to the U.S....
McDonald's Seeks Supreme Court Ruling on No-Poach Employee Clauses
Dec 05, 2023 08:46 am UTC| Business Law
McDonalds has requested a hearing from the U.S. Supreme Court to establish whether franchises can enforce rules against hiring employees from other franchisors within the same chain. The company submitted the appeal on...
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