Uber Eats, Postmates, Grubhub and DoorDash face proposed class action lawsuit over charging exorbitant fees midst coronavirus pandemic

In a proposed class action suit filed in Manhattan federal court, three customers have sued GrubHub, Postmates, DoorDash, and Uber Eats for allegedly exploiting their dominance in restaurant meal deliveries to impose fees that consumers ultimately bear through higher menu prices; this includes the current timeframe of the coronavirus pandemic when most U.S. cities are…

Phillip Frost settles SEC stock manipulation charge for $5.52 million

Phillip Frost, 82, who according to Forbes magazine is worth $1.9 billion, was charged by the SEC, along with other defendants, of defrauding investors and made $27 million in improper gains. He has now settled the SEC charge by paying $5.52 million. Phillip Frost, Florida’s biotechnology billionaire has agreed to settle with the U.S. Securities…