Ripple, one of the most valuable companies in the cryptocurrency industry, said on Monday that it expected to be sued by the Securities and Exchange Commission for violating investor protection laws. The suit is expected to accuse the San Francisco-based company of selling unregistered securities when it sold the digital token XRP to investors around the world. Brad Garlinghouse, Ripple’s chief executive, said in an interview that the suit would be against the company along with Mr. Garlinghouse personally, and one of the company’s founders, Chris Larsen.
Google said on Monday that it had not used its multibillion-dollar deals with other large tech firms to protect its position as the dominant online search engine, in the company’s first formal rebuttal to the Justice Department’s accusations that those deals violated antitrust laws. The filing is a paragraph-by-paragraph — and sometimes sentence-by-sentence — denial of the claims made by the government and a group of states that have joined its lawsuit. “People use Google Search because they choose to, not because they are forced to or because they cannot easily find alternative ways to search for information on the internet,” the company said.
The Walt Disney Company on Monday named Alan Bergman, 54, chairman of its movie division, succeeding Alan F. Horn, 77, a venerable figure in Hollywood who has led Walt Disney Studios since 2012. Mr. Horn will continue to serve as chief creative officer. Mr. Bergman joined Walt Disney Studios in 1996 and rose through the business affairs ranks, overseeing finance, technology, legal affairs and human resources. Most recently he served as co-chairman of the division. Mr. Bergman and Mr. Horn will report to Bob Chapek, Disney’s chief executive.
The Department of Housing and Urban Development has extend a moratorium on evictions and foreclosures on home mortgages its insures against default, protecting many first-time home buyers. The moratorium will now run through Feb. 28. It had been set to expire at the end of the month. The foreclosure moratorium applies to mortgages backed by the Federal Home Administration.