Entries with tag pending cases.

US Agency Investigates Bitcoin Hardware Provider

The US Federal Trade Commission is asking a federal judge to grant a preliminary injunction against Butterfly Labs, which would place the Bitcoin-mining-hardware manufacturer in a court-appointed receivership and extend a temporary restraining order filed by the agency. The injunction alleges that Butterfly Labs used customer-ordered machines to mine bitcoins before shipping them, saying the practice was part of their testing, allowing the company to pocket Bitcoins that should have gone to its customers. The FTC says it is also investigating three of the company’s directors for spending company money on personal products and services while not fulfilling orders, thereby taking what amounts to interest-free loans from customers. Butterfly Labs is currently working under a temporary restraining order. The court previously allowed the FTC to seize Butterfly Labs’ assets and close its operations before the case goes to court. (Ars Technica)(CoinDesk)


Judge: Tech Employee Settlement May Be Insufficient

A pending $324.5 million settlement related to an agreement between technology companies in the Silicon Valley not to poach one another’s employees may be inadequate, according to the judge hearing the matter. Adobe, Apple, Google, and Intel agreed to the settlement in April after that they colluded to place a ceiling on employee wages by agreeing not to hire one another’s employees. The companies were accused of the poaching practice, but settled before a final judgment was reached. Preventing employees from being able to move to other companies would keep employers from having to pay their employees more to keep them from moving. US District Court Judge Lucy Koh questioned whether the amount was fair to the 64,000 technology workers represented in the case but didn’t indicate what steps she would take at this point. The plaintiffs are predominantly engineers who claimed a secret pact between executives “restricted their mobility and drove down wages,” according to IT World. (SlashDot)(IT World)

France Seeks Sanctions against Google for Flaunting Privacy Laws

Google faces financial sanctions in France after failing to obey with an order to bring the way in which it stores and shares user data in compliance with the nation’s privacy laws. The company faced scrutiny by various European data-protection authorities after changing its privacy policy in 2012. Google was ordered on 20 June 2013 to comply with French privacy laws within three months, but it has reportedly did not do so by the time the deadline passed.  Google faces a maximum fine of €150,000 (US$202,562) for a first offense with an additional €300,000 for a second offense. It could also be ordered to change aspects of how it processes personal data for three months. (SlashDot)(CMO)(C.Nationale de L'Informatique et des Libertes)

Showing 3 results.