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    Home » Ticker: Batali settles two lawsuits alleging sexual assault; SEC questions Twitter on fake accounts
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    Ticker: Batali settles two lawsuits alleging sexual assault; SEC questions Twitter on fake accounts

    Business KhabarBy Business KhabarAugust 25, 2022No Comments
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    Mario Batali has agreed to settle two Massachusetts lawsuits that accused the movie star chef of sexual assault, attorneys for the ladies mentioned on Wednesday.

    The resolution to settle the instances comes greater than two months after the previous Food Network character was cleared of a legal cost stemming from accusations by one of many ladies, who prosecutors alleged aggressively kissed and groped her whereas taking a selfie at a downtown Boston bar in 2017.

    “The matters have been resolved to the satisfaction of all parties. We cannot comment further due to confidentiality obligations,” attorneys for the 2 ladies, Eric Baum and Matthew Fogelman, mentioned in an emailed assertion.

    An e-mail looking for remark was despatched Wednesday to Batali’s legal professional.

    SEC questions Twitter on pretend accounts

    U.S. securities regulators are questioning Twitter about the best way it determines what number of pretend accounts are on its platform.

    The Securities and Exchange Commission in June requested the corporate about its methodology for calculating false or spam accounts and “the underlying judgments and assumptions used by management.”

    Twitter says it has 238 million lively month-to-month customers, and that about 5% of the accounts it sells adverts in opposition to are pretend, both spam or bots. The SEC could be all in favour of each figures as a result of Twitter makes use of them to draw advertisers, whose funds make up a bit greater than 90% of the corporate’s income.

    The SEC’s Division of Corporation Finance requested the questions in a June 15 letter, shortly earlier than Tesla CEO Elon Musk raised the difficulty as grounds to again out of a deal to purchase Twitter for $44 billion. Musk has claimed that Twitter is undercounting the variety of pretend accounts, which inflates the variety of actual customers.

    Source: www.bostonherald.com”

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