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Elon Musk and his companies sued for $258B over alleged cryptocurrency pyramid scheme

JURIST

The class action complaint filed in the US District Court for the Southern District of New York alleged that in 2019 Musk and his corporations, SpaceX and Tesla, purchased, developed, promoted, and operated Dogecoin. Johnson accused Musk of orchestrating a cryptocurrency pyramid scheme, also known as a Ponzi scheme.

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Case preview: Justices to consider effect of change in government policy on cases seeking symbolic damages

SCOTUSBlog

The students push back against the idea that allowing claims for nominal damages to go forward even after the policy at the heart of a lawsuit has been changed will create an incentive for plaintiffs to run up large legal bills. Nominal damages, the officials reason, are not simply “a small amount of compensatory damages.”

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Linda Evangelista Files Products Liability, Fraud Suit Over Cosmetic Procedure That Destroyed Her Quality of Life

The Fashion Law

In addition to compensatory damages in the amount of $50 million, Evangelista claims that she is also entitled to “punitive and/or exemplary damages for the wanton, willful, fraudulent, reckless acts of ZELTIQ which demonstrated a complete disregard and reckless indifference for the safety and welfare of the general public and to Ms.

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CNN Losses Another Motion in Defamation Case as Court Orders Tapper to Appear

JonathanTurley

The damages in the case could be massive but Young had to satisfy the higher New York Times v. Judge Roberts found that “Young sufficiently proffered evidence of actual malice, express malice, and a level of conduct outrageous enough to open the door for him to seek punitive damages.”

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Argument analysis: Justices weigh mootness after change in government policy in cases seeking nominal damages

SCOTUSBlog

Justice Neil Gorsuch suggested to Waggoner that most lawsuits would still be able to go forward even if a request for nominal damages, standing alone, was not enough to keep a case alive. Alito pressed Pinson, asking whether an award of $10 in statutory damages would be large enough for the lawsuit to go forward.

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August 2022 Update: List of China’s Cases on Recognition of Foreign Judgments

Conflict of Laws

The aforementioned UK case is a good example, because one key to ensuring the enforcement of English judgments is the reciprocal relationship between China and England (or the UK, if in a wider context), which, under the de jure reciprocity test (one of the new three tests), was confirmed in this case.

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Who’s Afraid of Punitive Damages? – Conference in Augsburg, Germany

Conflict of Laws

On the other hand, insurability could guarantee payment where the defendant lacks the financial capacity, and the punitive and deterrent effect could still be achieved by imposing higher premiums and the tortfeasor having difficulties finding a new insurer.