Good morning! It's Daniel de Visé with your Daily Money.
Today's edition is Blockchains Financeall about litigation.
A new lawsuit accuses Live Nation and Ticketmaster of allowing a third-party company to gain access to private information belonging to 560 million customers, Saleen Martin reports.
The customer data was then listed for sale for $500,000 on the dark web, the lawsuit alleges.
California residents Cynthia Ryan and Rosalia Garcia filed the suit last week in California’s Central District Court.
How did Ticketmaster and Live Nation respond?
In a closely watched civil rights case, a federal appeals panel has blocked Fearless Fund from awarding $20,000 grants to businesses owned by Black women while the case is litigated, siding with conservative activist Edward Blum, who alleges that the grant program is likely discriminatory.
The 11th Circuit U.S. Court of Appeals disagreed with a federal judge, who ruled in September that the lawsuit was unlikely to prevail on First Amendment grounds.
What does the defeat mean for Black-owned businesses?
Poppi soda is being sued over claims that its drinks do not contain enough prebiotic fiber to "cause meaningful gut health benefits for the consumer from just one can," Jonathan Limehouse reports.
VNGR Beverage LLC, the Texas-based corporation that makes Poppi sodas, is named in the class-action lawsuit. The complaint alleges Poppi sodas contain only two grams of prebiotic fiber, which means "a consumer would need to drink more than four Poppi sodas in a day to realize any potential health benefits."
Yet, "even if a consumer were to do this, Poppi’s high sugar content would offset most, if not all, of these purported gut health benefits," says the suit, filed in the Northern District of California.
How does the soda maker respond?
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.
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