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Elon Musk and his companies sued for $258B over alleged cryptocurrency pyramid scheme

JURIST

The class action complaint filed in the US District Court for the Southern District of New York alleged that in 2019 Musk and his corporations, SpaceX and Tesla, purchased, developed, promoted, and operated Dogecoin. Johnson accused Musk of orchestrating a cryptocurrency pyramid scheme, also known as a Ponzi scheme.

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Punitive damages and rejected pleas

SCOTUSBlog

Share This week we highlight petitions that ask the Supreme Court to consider, among other things, whether an award of punitive damages that doubles the compensatory damages can comport with due process and how a defendant can prove ineffective assistance of counsel in rejecting a plea offer. After a jury trial in the U.S.

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Argument analysis: Justices weigh mootness after change in government policy in cases seeking nominal damages

SCOTUSBlog

Justice Neil Gorsuch suggested to Waggoner that most lawsuits would still be able to go forward even if a request for nominal damages, standing alone, was not enough to keep a case alive. Alito pressed Pinson, asking whether an award of $10 in statutory damages would be large enough for the lawsuit to go forward.

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Who’s Afraid of Punitive Damages? – Conference in Augsburg, Germany

Conflict of Laws

On the other hand, insurability could guarantee payment where the defendant lacks the financial capacity, and the punitive and deterrent effect could still be achieved by imposing higher premiums and the tortfeasor having difficulties finding a new insurer.

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Australia High Court Delivers Major Blow to Free Speech In Defamation Ruling

JonathanTurley

The standard for defamation for public figures and officials in the United States is the product of a decision decades ago in New York Times v. compensatory damages and $300,000.00 punitive damages. American courts have long recognized that broad defamation rule are inimical to free speech. 47 U.S.C. §

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October 2020 Updates to the Climate Case Charts

ClimateChange-ClimateLaw

1442, or the civil-rights removal statute, 28 U.S.C. The district court rejected eight grounds for removal, but the Fourth Circuit concluded its appellate jurisdiction was limited to determining whether the companies properly removed the case under the federal-officer removal statute. Mayor & City Council of Baltimore , No.

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February 2021 Updates to the Climate Case Charts

ClimateChange-ClimateLaw

The magistrate judge concluded that the suit was barred by the statute of limitations. The court further found that the plaintiffs conceded that venue in Boulder County was not proper for San Miguel under this statute. New York v. 19, 2021); New York v. WildEarth Guardians v. Mountain Coal Co. ,