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Feds fine Boyce Hydro Power for Midland-area dam safety violations The Federal Energy Regulatory Commission has fined Boyce Hydro Power LLC $15 millon for "numerous dam safety violations at three of the company’s hydroelectric projects" in Midland and Gladwin counties, the agency announced Thursday. Boyce Hydro owned multiple dams in the Midland area that collapsed in May of 2020 and caused massive property damage, emptied lakes and caused the evacuation of 10,000 homes. The damage occurred during historic rains that breached the Edenville Dam on May 19 by punching through the earth...

US judge dismisses crypto fraud case against BNT token issuer A U.S. federal judge ruled to dismiss a case against crypto firm Bancor, citing lack of personal jurisdiction and the plaintiff’s failure to prove losses. 6793 Total views News A federal district court in the United States has dismissed a securities fraud class action against Israel-based cryptocurrency firm Bancor. U.S. district judge Alvin Hellerstein ruled on Monday to dismiss a case against Bancor, stating that plaintiffs had failed to allege losses as well as citing lack of personal jurisdiction. The judge has also ...

US Judge Strikes Out Securities Fraud Case Against Bancor Last Updated: 24 February 2021 Judge Alvin Hellerstein of a federal district court in the United States (US), has struck out a securities fraud class action against Bancor, an Israel-based cryptocurrency firm. Ruling in favor of Bancor, the judge has also canceled an oral argument scheduled for Thursday, March 4, 2021. How it Happened Bancor was dragged to court by New York law firms Roche Cyrulnik Freedman and Selendy & Gay last year. The law firms alleged that Bancor Protocol Developer, BProtocol Foundation, viola...