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Nasdaq-Traded Blockchain Company Faces M Lawsuit

A Nasdaq-traded technology company for blockchain and computing is facing an eight-figure lawsuit in a federal district court in Manhattan over its alleged breach of a binding contractual obligation pursuant to a term sheet it executed in April in solicitation of $100 million in financing from an investment firm. Andrew…

Australia’s Mills Oakley Hires Five Including Two KPMG Partners

Australian law firm Mills Oakley has hired two financial services partners from global accounting giant KPMG and three partners from Australian firms . Zein El Hassan, a financial services lawyer, advises on product development, licensing, disclosure and distribution issues relating to financial services and products. He joined the Australian firm…

Judge Tosses Ex-Twitter Workers’ 0M Severance Case

Thousands of Twitter employees fired after Elon Musk took control of the social media company in November 2022 are not entitled to $500 million in unpaid severance under the Employee Retirement Income Security Act, a federal judge ruled. Lead plaintiff Courtney McMillian, vice president of total rewards at Twitter before…