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In a Wednesday post to X, formerly Twitter, Gemini also noted that a settlement has been reached "in principle" with Genesis and other creditors in the related bankruptcy that will result in "all ...
She claimed they caused more than $1 billion of losses by misleading investors about the Gemini Earn program, which let cu NY attorney general expands crypto lawsuit, sees $3 billion fraud Skip to ...
Many of these cases have lead to class action lawsuits and proceedings by the Federal Trade Commision (FTC), resulting in a number of settlements worth millions — or even billions — of dollars ...
Gemini Trust Company, LLC (Gemini) is an American cryptocurrency exchange and custodian bank.It was founded in 2014 by Cameron and Tyler Winklevoss. [4] [5] [6]In 2023, the company, along with two others, was sued by the New York attorney general Letitia James under allegations that it had "defrauded" investors by exposing them to undue risk.
In re: High-Tech Employee Antitrust Litigation (U.S. District Court, Northern District of California 11-cv-2509 [10]) is a class-action lawsuit on behalf of over 64,000 employees of Adobe, Apple Inc., Google, Intel, Intuit, Pixar and Lucasfilm (the last two are subsidiaries of Disney) against their employer alleging that their wages were ...
The lawsuit also names former Genesis CEO Soichiro “Michael” Moro and Digital Currency Group CEO Barry Silbert. Gemini’s owners, the Winklevoss twins, have said Genesis owed more than $900 ...
[24] [25] On August 26, 2010, The New York Times reported that Facebook shares were trading at $76 per share in the secondary market, putting the total settlement value at close to $120 million. [26] [27] If the lawsuit to adjust the settlement to match the difference goes through, the value will quadruple to over $466 million. [24]
Even before the lawsuit, James’s office had pointed to Gemini as an example of the regulatory gap in New York. As a New York trust company, Gemini is regulated by the Department of Financial ...