Agreement

Gemini and SEC Reach Tentative Agreement, Bringing Closure to Earn Program Lawsuit After Three Years

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NEW YORK — After nearly three years embroiled in legal disputes, cryptocurrency exchange Gemini Trust has reached a preliminary agreement with the U.S. Securities and Exchange Commission to settle a lawsuit concerning its Earn program. The investigation centered on Gemini’s now-defunct Earn program, which was recognized as a significant element in the SEC’s overall effort to regulate digital assets. This crypto lending product, which launched in 2021, promised retail investors up to 7.4% annual returns on Bitcoin and other cryptocurrency deposits. Attorneys representing both Gemini and the SEC submitted a joint letter in Manhattan federal … Read more

South Korea and U.S. Forge Agreement to Repatriate Detained Citizens Amid Controversial Georgia Immigration Raid

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ATLANTA — South Korea announced it has reached an agreement with the United States concerning its citizens detained during a major immigration raid at a Hyundai Motor battery plant in Georgia. A charter flight is anticipated to transport the detained individuals back home, pending the completion of necessary administrative procedures. In response to the raid, President Donald Trump urged foreign companies operating in the U.S. to adhere to immigration regulations while continuing their investments. He emphasized the importance of complying with American laws and prioritizing the hiring and training of domestic workers in a post … Read more

Florida Law Firms File Lawsuit Against MSP Recovery Over Unpaid Legal Fees and Breach of Agreement

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TALLAHASSEE, Fla. — Two law firms specializing in pharmaceutical mass torts have filed a lawsuit against MSP Recovery LLC and its affiliates, claiming they failed to compensate for legal services related to pharmaceutical and Medicare Secondary Payer Act claims. The lawsuit, initiated in Florida state court, also alleges a breach of a tolling agreement between the litigants. The legal firms assert that MSP Recovery’s refusal to pay has resulted in substantial financial losses. They argue that the company’s actions not only jeopardized the ongoing claims but also undermined the cooperative efforts initially outlined in their … Read more

ACE Reaches Agreement with State Health Chief to Resolve Pandemic-Related Legal Dispute

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BURLINGTON, N.C. — The Agency for Cooperative Education (ACE) has come to an agreement in a lawsuit linked to pandemic-related actions involving a prominent public health official in the state. This settlement marks an important milestone as both parties aim to move forward after a contentious dispute that emerged during the unprecedented public health crisis. The lawsuit, initiated last year, stemmed from ACE’s response to the state’s public health directives amid the COVID-19 pandemic. As organizations grappled with rapidly evolving regulations, tensions rose between ACE and the state’s top health official, who argued that ACE … Read more