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š”ļø Legal Temperature Rising ā Crypto Class-Action Trends in 2025
2025 is shaping up to be a defining year for crypto class actions. Congress passed the GENIUS Act, ruling that fiat-backed stablecoins are not securities. Meanwhile, multiple district courts issued rulings over unregistered securities claimsāfor bridge token sales, stablecoin depegging events, and meme-coins with special features. Dozens of new class actions have been filed against token issuers, exchanges, developers, alleging violations ranging from securities fraud to consumer protection.
Relative to past years: the volume isnāt just growthāitās legal gravity pulling crypto under sharper scrutiny.
Relative to compliance: protocols once considered fringe are now targets.
Relative to risk: any asset without clarity remains a liability in investor eyes.
#crypto #ClassAction #Regulation #CRYPTORelativity #LegalRisk
2025 is shaping up to be a defining year for crypto class actions. Congress passed the GENIUS Act, ruling that fiat-backed stablecoins are not securities. Meanwhile, multiple district courts issued rulings over unregistered securities claimsāfor bridge token sales, stablecoin depegging events, and meme-coins with special features. Dozens of new class actions have been filed against token issuers, exchanges, developers, alleging violations ranging from securities fraud to consumer protection.
Relative to past years: the volume isnāt just growthāitās legal gravity pulling crypto under sharper scrutiny.
Relative to compliance: protocols once considered fringe are now targets.
Relative to risk: any asset without clarity remains a liability in investor eyes.
#crypto #ClassAction #Regulation #CRYPTORelativity #LegalRisk
Tesla Faces Class Action Over 'Wage Theft' Amid Preference For H-1B Workers Following Elon Musk's Push To Optimize Visa Practice āŖļø
Tesla is facing a proposed class action in federal court accusing the electric vehicle maker of favoring foreign visa holders over U.S. citizens in hiring and firing decisions, a practice plaintiffs allege allows the company to pay lower wages.
Tesla shares were up 7.36% during Friday's regular session and down 0.0.99%, according to Benzinga Pro.
The lawsuit, filed Friday in San Francisco federal court, claims Tesla systematically discriminates against American workers in violation of civil rights law.
According to the complaint, Tesla hired an estimated 1,355
H-1B visa holders in 2024 while laying off more than 6,000 domestic employees, "the vast majority" believed to be U.S. citizens.
Plaintiffs Scott Taub, a software engineer and Sofia Brander, a human resources specialist, say they were denied interviews at Tesla after disclosing they did not require sponsorship.
Taub said he was told one position was "H1B only," while Brander alleged she was passed over despite previously working for Tesla as a contractor.
The complaint argues that Tesla prefers H-1B visa workers because they can be paid less than U.S. employees for equivalent work ā a practice the plaintiffs call "wage theft."
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šø Like & Follow for tech, biz, and market light
#TeslaNews #EmploymentLaw #ClassAction #WorkforceTrends #ElonMusk
Tesla is facing a proposed class action in federal court accusing the electric vehicle maker of favoring foreign visa holders over U.S. citizens in hiring and firing decisions, a practice plaintiffs allege allows the company to pay lower wages.
Tesla shares were up 7.36% during Friday's regular session and down 0.0.99%, according to Benzinga Pro.
The lawsuit, filed Friday in San Francisco federal court, claims Tesla systematically discriminates against American workers in violation of civil rights law.
According to the complaint, Tesla hired an estimated 1,355
H-1B visa holders in 2024 while laying off more than 6,000 domestic employees, "the vast majority" believed to be U.S. citizens.
Plaintiffs Scott Taub, a software engineer and Sofia Brander, a human resources specialist, say they were denied interviews at Tesla after disclosing they did not require sponsorship.
Taub said he was told one position was "H1B only," while Brander alleged she was passed over despite previously working for Tesla as a contractor.
The complaint argues that Tesla prefers H-1B visa workers because they can be paid less than U.S. employees for equivalent work ā a practice the plaintiffs call "wage theft."
-
šø Like & Follow for tech, biz, and market light
#TeslaNews #EmploymentLaw #ClassAction #WorkforceTrends #ElonMusk
Facebookās $725M privacy settlement: users get $4.89ā$38.36 each as payouts begin.
Meta Platforms has begun distributing payments from its $725 million privacy settlement, with newly filed court documents revealing that eligible Facebook users will pocket between $4.89 and $38.36,depending on how long they maintained an account during the settlement period.
According to documents filed in a California court, the minimum payout is $4.89, the maximum is $38.36, and the average check will be $29.43, reported The Hill.
Payments are being processed by Angeion, the court-appointed administrator, and will continue over a 10-week distribution period.
The amounts are tied to a point system: users earn one point for each month they had an active Facebook account between May 2007 and December 2022.
The more points accrued, the higher the payout. A claimant with the maximum 188 points will receive the top-end $38.36 payment.
Attorneys said roughly 28 million valid claims were filed, which they believe to be the largest number ever submitted in a U.S. class action lawsuit.
Follow for tech, biz, and market light
#Meta #Facebook #PrivacySettlement #ClassAction #TechNews
According to documents filed in a California court, the minimum payout is $4.89, the maximum is $38.36, and the average check will be $29.43, reported The Hill.
Payments are being processed by Angeion, the court-appointed administrator, and will continue over a 10-week distribution period.
The amounts are tied to a point system: users earn one point for each month they had an active Facebook account between May 2007 and December 2022.
The more points accrued, the higher the payout. A claimant with the maximum 188 points will receive the top-end $38.36 payment.
Attorneys said roughly 28 million valid claims were filed, which they believe to be the largest number ever submitted in a U.S. class action lawsuit.
Follow for tech, biz, and market light
#Meta #Facebook #PrivacySettlement #ClassAction #TechNews
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