Visa Mastercard Antitrust Suit Targets Card Giants Over Billions in Merchant FeesA San Diego pizza restaurant has taken aim at two of the world’s biggest payment networks, accusing Visa and Mastercard of continuing to squeeze merchants with excessive “swipe fees” despite billions of dollars already paid to resolve earlier antitrust litigation. The Pizza Standard filed a proposed class action Thursday in federal court in New York,…USA Herald4d agoWhole story →CommerceEconomyvisa mastercard antitrust suit
Chubb $30M Claimed After Insurers Lose Fight Over Coal Silo CollapseA West Virginia federal jury has ordered two Chubb insurers to pay $30 million to a coal mining company after finding that the insurers mishandled its claim following the collapse of a silo hopper. The verdict awards Ramaco Resources LLC $2.5 million for corporate aggravation and inconvenience and another $27.5 million for net economic losses Chubb $30M…USA Herald7d agoWhole story →CommercePlanet
Ponzi Scheme Promised 15% Weekly Returns, Delivered $406 Million in Losses Instead, CFTC SaysThe Fraud, By the Numbers Federal regulators say four men ran a forex trading scam that pulled in nearly $1 billion from everyday investors. Almost all of that money never touched a currency market — it went straight into the pockets of the people running the operation. Participants who bought in are now out at CFTC charges Cash FX Group, CEO Huascar…USA Herald10d agoWhole story →CommerceJusticecftc forex scam charges
New York Sues Polymarket Claiming Prediction Markets Are Just Illegal BetsWhat This Fight Is Really About New York says Polymarket runs unlicensed gambling that lets 18-year-olds stake money on sports. Polymarket fires back that federal CFTC rules alone control its event contracts. The same baseball outcome draws different age limits and protections depending only on the app’s button label. By Samuel López | USA Herald New…USA Herald10d agoWhole story →Commercepolymarket lawsuit
Clorox Bacteria Risk Recall Suit Alleges Company Knew and Stayed SilentThe entire point of a household cleaner is to eliminate germs, not spread them. That basic promise sits at the heart of a new lawsuit against The Clorox Co., filed after the company recalled 6.3 million bottles of Mistolin and Lestoil cleaners over bacterial contamination risks. Two Puerto Rican buyers now argue in California federal Clorox Bacteria Risk…USA Herald10d agoWhole story →Commerce
NextEra $9.5M Settlement Approval Advances Nuclear WageClass action settlements often move through the courts like ships navigating a narrow channel — plenty of room to run aground before reaching open water. This one just cleared its first major checkpoint. A Maryland federal judge has given preliminary approval to a settlement agreement that would see NextEra Energy pay $9.5 million to resolve NextEra…USA Herald10d agoWhole story →JusticeEconomy
CLARITY Act Stalls In Senate As Crypto Ethics Fight DeepensKey Takeaways Senate Democrats opposed advancing the CLARITY Act after arguing its ethics protections are too narrow. Republicans added restrictions on officials profiting from digital assets, including divestment or blind-trust requirements for certain crypto-company interests. The broader bill could create clearer federal rules for cryptocurrency…USA Herald20d agoWhole story →CommerceTechnologyHR 3633clarity act senate vote
Kia Boyz Insurers Lawsuits Cleared to Proceed After Appeals Court ReversalSometimes a viral internet trend leaves behind more than just embarrassing headlines — it leaves behind a billion-dollar mess. American insurers can now sue South Korean automakers over payouts tied to thousands of stolen Kias and Hyundais, the U.S. 9th Circuit Court of Appeals ruled Monday, directing a federal judge in Santa Ana to reopen Kia Boyz…USA Herald20d agoWhole story →CommerceTechnology
Tylenol Maker and Pharmacy Chains Ask Appeals Court to Reconsider Autism and ADHD Lawsuit RulingBy Samuel López | USA Herald Tylenol maker Kenvue and some of America’s largest pharmacy and retail chains are asking a federal appeals court to reconsider a decision that breathed new life into roughly 550 lawsuits alleging prenatal exposure to acetaminophen contributed to autism spectrum disorder or attention-deficit/hyperactivity disorder in children.…USA Herald22d agoWhole story →HealthCommerce
