Facebook staring at potential class-action lawsuit in Australia

The likelihood of the class-action lawsuit will depend on the findings of the Australian Information Commissioner which is probing Facebook’s improper handling of 311,000 Australian users’ data. On Tuesday, IMF Bentham Ltd, a litigation funding provider, disclosed it was funding a representative who has complained against Facebook Inc’s alleged breaches of Australia’s Privacy Principles. IMF…

Swiss Cryptocurrency Tezos finds itself in legal quagmire

Not only digital currencies are alike. Here is an interesting legal case involving Sweden’s Tezos cryptocurrency project where investors were left with a bad after taste. According to sources familiar with the matter at hand, Arthur and Kathleen Breitman, the couple behind the embattled cryptocurrency Tezos wants the Tezos Foundation, a Swiss-based firm, to cover…

U.S. authorities seeking access to Kobe Steel’s falsified data

Japan’s No. 3 steelmaker is likely to face an onslaught of legal action, possibly even class-action lawsuits, over the falsification of data in its products which have affected nearly 500 companies. On Tuesday, Japan’s Kobe Steel Ltd has disclosed that U.S. authorities have requested access to the company’s documents related to tis data cheating scandal.…