Defendant Allegedly Raised Over $40 Million While Misrepresenting Financial and Sales Information SAN FRANCISCO – A federal grand jury indicted Baba Nadimpalli, the founder and former Chief Executive Officer of SKAEL, Inc. (SKAEL), with securities and wire fraud for defrauding investors and misleading them about the company’s revenue, annual recurring revenue (ARR), and other financial…
Category: Court
Federal judge says class privacy claims may proceed against online mental health platform
Michael Gennaro reports: Class action claims brought by consumers who say online mental health platform Headway allowed Google to collect their personal data without permission may proceed, a federal judge in California ruled Monday. Headway is an online service that helps people find mental health care providers who accept insurance. In a 2023 complaint, the lead…
Apple Drops Spyware Case Against NSO Group, Citing Risk of Threat Intelligence Exposure
Ravie Lakshmanan reports: Apple has filed a motion to “voluntarily” dismiss its lawsuit against commercial spyware vendor NSO Group, citing a shifting risk landscape that could lead to exposure of critical “threat intelligence” information. The development was first reported by The Washington Post on Friday. The iPhone maker said its efforts, coupled with those of others in the industry…
NY: Superintendent Adrienne A. Harris Proposes Health Equity Regulation Requiring Insurers to Collect Voluntarily Disclosed Demographic Data
September 10, 2024 Today, the New York State Department of Financial Services (DFS) continued its work to close the health equity gap and reduce health disparities with a new proposed regulation. The proposed regulation requires health insurers to request race, ethnicity, preferred language, sexual orientation and gender identity data, ensuring critical self-reported data is available…