Dollar

Nevada Regulators Accuse Resorts World Las Vegas of Anti-Money Laundering Violations, Seek Multi-Million Dollar Fine

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Las Vegas, Nevada — Nevada’s gaming regulators have lodged a formidable 12-count disciplinary complaint against Resorts World Las Vegas and its parent company, Malaysia-based Genting Berhad, accusing them of multiple breaches of federal anti-money laundering regulations. Allegations suggest that Resorts World allowed notorious illegal bookmakers to wager large sums, running into millions, at their Las Vegas location over a period extending more than a year. The Gaming Control Board, which filed the 31-page complaint on Thursday, is pushing for a substantial, albeit undisclosed, multi-million dollar fine. Additionally, they’re calling for stringent actions against the gaming … Read more

Federal Court Overturns Multi-Billion Dollar Verdict in NFL ‘Sunday Ticket’ Legal Battle

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Los Angeles — A monumental $4.7 billion damages verdict against AT&T and the NFL connected to their “Sunday Ticket” subscription service was overturned by a federal judge last Friday. The decision comes after DirecTV, owned by AT&T, faced claims that its exclusive multi-billion dollar deal with the NFL for broadcasting football games breached antitrust laws. The lawsuit, originally filed by bar owners and residential subscribers, contended that the “Sunday Ticket” package was exploiting customers by forcing them to purchase all out-of-market games, even if they only wanted to follow a specific team. Critics of the … Read more

Exploring the Surge in Litigation Finance Amidst Multi-Billion Dollar Mass Tort Cases

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In the bustling world of litigation finance, a relatively new player has emerged, wielding significant capital as it dives into the arena of mass torts. With billions of dollars at stake, this sector is now attracting seasoned investors who see a lucrative opportunity in funding massive, complex lawsuits involving large groups of plaintiffs. The concept of litigation finance is simple yet powerful: third-party funding companies provide the financial resources necessary for plaintiffs to pursue their legal claims in exchange for a portion of the settlement or judgment. These investments can range from financing a single … Read more

Federal Judge Dismisses Giuliani’s Bankruptcy Case, Greenlights Creditor Actions to Recover Multi-Million Dollar Debts

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NEW YORK – A federal judge in New in York dismissed Rudy Giuliani’s bankruptcy filing on Friday, a move that exposes the former New York City mayor to potential asset seizures by creditors who have won significant legal claims against him. The decision allows proceedings against Giuliani to advance, including attempts by two Georgia election workers, Ruby Freeman and Shaye Moss, who previously won a $148 million defamation lawsuit against Giuliani for falsely accusing them of electoral fraud during the 2020 presidential election. Judge Sean Lane of the U.S. Bankruptcy Court in the Southern District … Read more