Florida Social Media Bill Overshadows Tech Week SHARE
Floridian state and local governments worked at cross purposes in early May when, while Miami Mayor Francis Suarez wooed Silicon Valley at Tech Week, the Florida legislature sent a punitive social media bill to Governor DeSantis’ desk. Florida Senate Bill 7072 is intended to prevent supposedly biased content moderation and punish monopolistic firms, but it is unworkable and unconstitutional. If Gov. DeSantis signs SB 7072, it will invite costly legal challenges and kneecap Miami’s overtures to the tech industry.
The bill is comprised of two main sections. The first section establishes a state “antitrust violator vendor list” of disfavored firms. The second enumerates a host of new prohibitions and mandates planned to produce fairness in content moderation. Many are fairly technical; platforms must offer accurate view count tools, “provide a user with the number of other individual platform participants who were
Thursday, May 6, 2021
In 1999, Gary and Mary Gregg enlisted the services of Robert A. Kovalchik, a financial advisor and insurance salesperson for Ameriprise Financial, Inc. As a result of misrepresentations made by Mr. Kovalchik, the Greggs ultimately filed suit against him and Ameriprise alleging – among other claims – an Unfair Trade Practices and Consumer Protection Law (“UTPCPL”) claim.
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It’s important to understand that a UTPCPL claim has teeth because – unlike common law claims – it allows for the recovery of attorney’s fees and treble damages. See Earl v. NVR, Inc., trading as Heartland Homes of PA: Werwinski is Dead. The UTPCPL is applicable to most consumer transactions including automobile transactions, home improvement contracts, home purchases, insurance contracts, leases, and service contracts.
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Market regulator the Securities and Exchange Board of India (SEBI) has barred six entities from the markets for two years for indulging in manipulative trading in the shares of Biocon Ltd in the cash market.
Additionally, SEBI has imposed a penalty of Rs10 lakh each on Gangwal Sunil Kumar, Vihit Investment, Mohd Faisal, AKG Securities and Consultancy, Paramount Incorporation and Minesh Jormalbhai Mehta (collectively referred to as noticees). The penalty needs to be paid within 45 days.
During the investigation, SEBI found that all the six entities had engaged in price manipulation in the scrip of Biocon at National Stock Exchange s (NSE s) cash market during the last half an hour on 29 June 2017 and managed to establish higher settlement price in the futures of Biocon.
Photo credit: Twitter
Sebi on Wednesday barred six entities from the capital markets for two years for indulging in manipulative trading in the shares of Biocon Limited in the cash market.
Those banned are Gangwal Sunil Kumar, Vihit Investment, Mohd Faisal, AKG Securities and Consultancy, Paramount Incorporation and Minesh Jormalbhai Mehta (collectively referred to as noticees).
In addition, the regulator has imposed a penalty of Rs 10 lakh each on them. The penalty needs to be paid within 45 days.
Sebi had conducted an investigation in the trading activities of certain entities in the scrip of Biocon.
The focus of the investigation was to ascertain whether there was any violation of the securities laws by certain entities in the cash market on June 29, 2017 at NSE during the last half an hour of trading so as to benefit certain entities who were holding net long positions in the derivative contracts.
Gray | Lewis Brisbois Bisgaard & Smith
JOHNSTOWN – The manufacturer of an Instant Pot Programmable Electric Pressure Cooker denies all liability for serious and substantial burn injuries a Western Pennsylvania woman allegedly suffered using the device two years ago.
Susan Stayrook of North Cambria first filed suit in the U.S. District Court for the Western District of Pennsylvania on Dec. 7 versus Instant Brands, Inc., of Kanata, Ontario, Canada.
In December 2018, Stayrook said she purchased an “Instant Pot Programmable Electric Pressure Cooker,” which specifically includes the Ultra 3-in-1 Mini component referred to in this suit.
“On or about Dec. 28, 2018, plaintiff suffered serious and substantial burn injuries as the direct and proximate result of the Pressure Cooker’s lid being able to be rotated and opened while the Pressure Cooker was still under pressure, during the normal, directed use of the Pressure Cooker, allowing its scalding ho