Debtors of the now-defunct cryptocurrency exchange FTX have filed an amended Chapter 11 plan of reorganization that will see the value of customers’ asset claims set retroactively to the time of the exchange’s collapse in November 2022. In a recent statement of claim filed in the U.S. Bankruptcy Court for the District of Delaware, the … [Read more…]
Browns owner Jimmy Haslam has a Warren Buffet problem. Via the Associated Press, Buffet’s Berkshire Hathaway has accused Haslam of trying to bribe several executives at Pilot, the truck stop chain founded by Haslam’s father. Berkshire Hathaway claims Haslam wanted executives to drive up the company’s profits. The dispute stems from a sale of Pilot … [Read more…]
Visual artists defend themselves against AI companies A lawsuit filed by three visual artists against artificial intelligence image generators may be the first indication of how difficult it will be for all types of creators to stop AI developers from profiting from their work. (August 31) AP For years, important decisions about who received health … [Read more…]
Internet users have long complained that today’s Panera Bread is no longer the same restaurant as the one they remember from a few years ago. Users have complained about the restaurant’s perceived smaller portions, high prices, and other cost-cutting measures taken by the company. One of those users was TikTok creator Matt (@matt_epstein). Last month, … [Read more…]
The fight between a few billionaires continues. And it’s getting uglier and uglier. According to the Associated Press, a lawyer representing the interests of Warren Buffett’s Berkshire Hathaway claimed in court Thursday that Browns owner Jimmy Haslam admitted under oath this week that he offered bribes to Pilot executives in exchange for participating in a … [Read more…]