The SEC asked a New York judge to impose $5.3 billion in fines against Terraform Labs and Do Kwon to resolve the civil fraud case against them. The regulator says the fines are a “conservative” but “reasonable approximation” of Terraform and Kwon’s “ill-gotten gains” from the fraud. The U.S. Securities…

E.W. Scripps, one of the largest local TV broadcasters in the U.S., has hired a financial advisor to evaluate inbound interest in acquiring Bounce TV, its over-the-air network geared toward African Americans, according to Scripps CEO Adam Symson.The sale process comes after Paramount Global shopped around Black entertainment company BET…

Judge Juan Merchan appeared poised on Tuesday to sanction Donald Trump for violating the gag order in his criminal hush money case after peppering the former president’s lawyers with questions about why Trump’s social media posts were acceptable. Tuesday began with a hearing on Trump’s 10 alleged violations of the gag order,…

Following the historic UFC 300 pay-per-view card, the UFC took a short break. That break ends on Saturday when the promotion moves from T-Mobile Arena to the UFC Apex for this weekend’s UFC Vegas 91 fight card, which takes place on April 27. The main event of UFC Vegas 91…

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The Justice Department has reached a $138.7 million settlement with more than 100 victims of disgraced former USA Gymnastics team doctor Larry Nassar over the FBI’s initial failures in investigating the sexual assault case. More than 150 women and girls, including Olympic athletes, have alleged that Nassar sexually abused them under the guise of performing medical treatments. The FBI failed to investigate their claims, the victims say. Nassar, who was convicted of sexually abusing young athletes under the guise of medical treatment, was sentenced in a Michigan state court to up to 175 years in prison. “For decades, Lawrence Nassar abused his position, betraying…

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