On April 22, 2021, the US Supreme Court decided AMG Capital Management, LLC, et al. v. Federal Trade Commission. The case involved a complaint filed in district court by the Federal Trade Commission (the “Commission”) against Scott Tucker and his companies alleging deceptive payday lending practices in violation of §5(a) of the Federal Trade Commission Act (the “Act”). The FTC […]
On April 5th, the US Supreme Court decided Google LLC v. Oracle America, Inc. 593 U.S. ___ (2021). This widely watched case involved Application Programming Interface (API) software that is part of Sun Java SE. The software is owned by Oracle. Google copied parts of the API for use in its Android operating platform and in doing so Oracle alleged […]
Last year, as a result of growing concerns about privacy, Google announced that it will discontinue support of third-party cookies by Chrome browser. Today, Google made it clear that once phased out it will not replace third-party cookies with alternative user-level tracking. As stated on its Ads and Commerce Blog: “Today, we’re making explicit that once third-party cookies are phased out, […]
In 2016, Revlon, Inc. entered into a syndicated term loan for which Citibank served as the administrative agent. On August 11, 2020, Citibank, intending to wire an interest payment in the amount of $7.8 million, mistakenly wired $900 million the majority of which was its own money. The amount wired was equal to the outstanding amount of the loan. Citibank […]