The federal government has implemented a strict policy regarding seriously delinquent tax debts, which could potentially lead to the revocation or limitation of an individual’s passport. This policy has been in place since 2018 and aims to enforce the collection of unpaid tax levies as a last resort measure. Any American with a federal tax
Legal
The recent data breach at National Public Data, a background check company owned by Jerico Pictures Inc., has raised concerns about the exposure of personal information. While the company released details of the breach after facing a proposed class action lawsuit alleging the exposure of 2.9 billion personal records, conflicting reports suggest that the leaked
The future of Paramount Global hangs in the balance as the special committee announced an extension of the “go shop” period for its merger agreement with Skydance. This decision comes in light of a competing offer from Edgar Bronfman Jr. who initially proposed $4.3 billion for National Amusements, the controlling shareholder of Paramount. However, Bronfman
The rapid growth of online sports betting has had significant negative consequences for many individuals, particularly those who are already facing financial challenges. According to a recent study titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households,” the legalization of sports betting in 38 states has led to a surge in betting activity. While
The British technology entrepreneur, Mike Lynch, made headlines in June after being acquitted of fraud charges in a landmark trial involving allegations from Hewlett Packard. Lynch was accused of artificially inflating the value of his company, Autonomy, which he sold to HP for $11.7 billion in 2011. Despite the intense legal battle, Lynch emerged victorious
Recently, Gilead Sciences revealed a shocking drug-counterfeiting operation that involved tampering with its HIV medications before they reached patients. The operation, allegedly orchestrated from two New York City pharmacies, was masterminded by Peter Khaim, a known medical fraudster with two prior convictions related to fraudulent activities. Gilead Sciences filed a lawsuit against Khaim, as well
Flutter recently announced impressive second-quarter earnings, which led to an 8% increase in share prices. The success was largely attributed to the growth of revenue from the FanDuel platform, especially in states with well-established sports betting and online gaming markets. However, the standout point from the report was the decision by FanDuel not to impose
The recent development of a temporary injunction blocking media giants Disney, Warner Bros. Discovery, and Fox from launching their sports streaming service, Venu, has brought ample attention to the competitive dynamics within the industry. The lawsuit filed by Fubo TV, an internet TV bundle provider challenging Venu’s anticompetitive nature, led to the halt of the
The Murdoch family feud in a Nevada court sheds light on the state’s increasing reputation as a global hub for family trusts. Nevada has been named the top state in the country for asset-protection trusts, offering a combination of benefits like no income taxes, secrecy protections, and strong defenses against creditors. The state’s trust industry,
Paramount Global is currently in the process of cutting 15% of its U.S. workforce, equating to around 2,000 jobs. These job cuts are part of a broader cost-cutting plan that the company is implementing as it prepares for a merger with Skydance Media. In order to achieve cost savings, Paramount has identified $500 million in