Major

Vietnam Greenlights Major Legislation on Data and Electricity, Unveils Ambitious $67 Billion Rail Expansion Plan

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Hanoi, Vietnam — The Vietnamese government has officially approved far-reaching new legislations in data protection and electricity use, alongside a monumental $67 billion strategy to enhance the country’s rail infrastructure. These pivotal legal adjustments alongside ambitious infrastructural spendings aim to significantly revamp Vietnam’s economic and technological landscape, positioning it as a front-runner in Southeast Asia’s rapidly evolving market. At the helm of these transformative initiatives is the newly passed data law, which establishes stringent measures on data privacy and cross-border information exchanges. This law is designed to provide a robust framework to safeguard personal data … Read more

Nebraska Attorney General Takes on Major Investors Over ESG Policies in New Antitrust Legal Challenge

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Lincoln, NE — Nebraska Attorney General Mike Hilgers announced his office’s participation in a broad antitrust lawsuit targeting several prominent institutional investors. The lawsuit accuses these firms of violating competition laws through their environmental, social, and governance (ESG) commitments in the investment of private prison companies and for-profit immigration detention centers. The legal action, which encompasses nine other U.S. states, asserts that these investors use their substantial ESG commitments to manipulate the market, reduce competition, and ultimately elevate operational costs that affect the detention centers and prison facilities. This problematic approach is claimed to not … Read more

Major Legal Firm Files Class Action Against Celsius Holdings, Alleging Securities Violations

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RADNOR, Pa. — A significant lawsuit has been filed by the law firm Kessler Topaz Meltzer & Check, LLP against Celsius Holdings, Inc., and this litigation falls under the umbrella of a securities class action. The legal action accuses the beverage company, known for its fitness drinks, of potential violations pertaining to federal securities laws. At the core of this lawsuit is the allegation that Celsius Holdings, Inc. may have issued materially misleading information to the investing public. This raises substantial concerns about transparency and adherence to the requisite regulations that govern public companies and … Read more

Major Class Action Status Granted in Game Developers’ Antitrust Lawsuit Against Valve

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In a significant legal development, a federal judge has recently elevated a lawsuit against game distributor Valve Corporation to class action status, permitting a myriad of game developers to challenge the company’s market practices. The initial suit was lodged by Wolfire Games in April 2021, alleging that Valve’s 30% sales commission on its Steam platform was unjustifiably high, stifling competition, and exploiting both publishers and consumers. The class action status was awarded by U.S. District Judge Jamal N. Whitehead, signifying that any game developer who has paid the commission to Valve since January 28, 2017, … Read more