July 2023 - cypherpunks - lists.cpunks.org

Investors Fight Robinhood's Bid To End Suit Over $2.1B IPO
by Gunnar Larson 12 Jul '23

12 Jul '23

Investors Fight Robinhood's Bid To End Suit Over $2.1B IPO By Emilie Ruscoe Investors in trading and investing app Robinhood have doubled down on claims that the company misrepresented key financial metrics affecting its bottom line in the lead-up to its $2.1 billion initial public offering in July 2021, asking a San Francisco federal judge to deny the company's bid to see the suit dismissed. Response attached | Read full article » | Save to favorites » https://www.law360.com/capitalmarkets/articles/1698453?nl_pk=8da16ff7-f140-…

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Musk Says Twitter Investors Can't Prove Manipulation Scheme
by Gunnar Larson 12 Jul '23

12 Jul '23

Musk Says Twitter Investors Can't Prove Manipulation Scheme By Jeff Montgomery Elon Musk has urged a California federal judge to jettison a Twitter stockholder's securities action accusing him of fraud and misstatements in the erratic buildup to his $44 billion purchase of the social media juggernaut last year, claiming the case is riddled "top-to-bottom" with defects. Memorandum attached | Read full article » | Save to favorites » https://www.law360.com/mergersacquisitions/articles/1698294?nl_pk=8bba16ad-…

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Ex-Amazon Coder Charged With $9M Crypto Exchange Hack
by Gunnar Larson 12 Jul '23

12 Jul '23

Ex-Amazon Coder Charged With $9M Crypto Exchange Hack By Rachel Scharf A former Amazon security engineer was arrested Tuesday on charges that he stole $9 million from a decentralized cryptocurrency exchange, in what the Manhattan U.S. attorney's office called the first-ever prosecution of a hack involving so-called "smart contracts." Indictment attached | Read full article » | Save to favorites » https://www.law360.com/newyork/articles/1698302?nl_pk=00e0f28d-575b-4889-8d…

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NY Enforcers Warn Of Delay In Ski Operator Antitrust Case
by Gunnar Larson 12 Jul '23

12 Jul '23

NY Enforcers Warn Of Delay In Ski Operator Antitrust Case By Matthew Perlman The Office of the New York State Attorney General has blasted a bid from a ski operator accused of creating a monopoly over resorts in the Syracuse, New York, area to push back a discovery deadline, saying that any delay in the case will come at the expense of consumers. Response attached | Read full article » | Save to favorites » https://www.law360.com/newyork/articles/1698203?nl_pk=00e0f28d-575b-4889-8d…

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No Immunity For Trump In Carroll's Defamation Suit, DOJ Says
by Gunnar Larson 12 Jul '23

12 Jul '23

No Immunity For Trump In Carroll's Defamation Suit, DOJ Says By Lauren Berg The U.S. Department of Justice backpedaled on its position that former President Donald Trump has immunity in E. Jean Carroll's defamation suit, telling a Manhattan federal judge Tuesday it lacks evidence to conclude Trump was acting within the scope of his duties when he denied sexually assaulting her. 2 documents attached | Read full article » | Save to favorites » https://www.law360.com/newyork/articles/1698507?nl_pk=00e0f28d-575b-4889-8d…

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Patent Board Agrees To Dig Into More Fintiv Patents
by Gunnar Larson 12 Jul '23

12 Jul '23

Patent Board Agrees To Dig Into More Fintiv Patents By Andrew Karpan Apple has persuaded judges on the Patent Trial and Appeal Board to review two more patents issued to Fintiv that are involved in the Austin, Texas-based mobile payment startup's case against PayPal. 2 documents attached | Read full article » | Save to favorites » https://www.law360.com/banking/articles/1698086?nl_pk=99a2a594-20ad-4b2f-a2…

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Twitter Is Collecting State Money Transmitter Licenses
by Gunnar Larson 12 Jul '23

12 Jul '23

Twitter Is Collecting State Money Transmitter Licenses By Aislinn Keely Twitter is gathering money transmitter licenses in what appears to be groundwork for a payments integration, receiving approvals in four states since the end of June after initially registering its plans with federal regulators last year. Read full article » | Save to favorites » https://www.law360.com/banking/articles/1698251?nl_pk=99a2a594-20ad-4b2f-a2…

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10th Circ. Backs Fed Ban Of 2 Bankers In Trade Secrets Case
by Gunnar Larson 12 Jul '23

12 Jul '23

10th Circ. Backs Fed Ban Of 2 Bankers In Trade Secrets Case By Jon Hill A Tenth Circuit panel ruled Tuesday that the Federal Reserve had jurisdiction to take enforcement action against two executives of a member bank in Wyoming for allegedly misappropriating proprietary information from a previous employer, a nonmember bank overseen by another federal agency. Opinion attached | Read full article » | Save to favorites » https://www.law360.com/banking/articles/1698344?nl_pk=99a2a594-20ad-4b2f-a2…

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Digital Assets Consultation Offers First Step In Regulation
by Gunnar Larson 12 Jul '23

12 Jul '23

Digital Assets Consultation Offers First Step In Regulation The recently published International Organization of Securities Commissions consultation intending to establish coordinated international regulation of cryptocurrency and digital assets, will benefit and protect retail investors against financial crime risk, also allowing legitimate market entrants to distinguish themselves from less scrupulous participants, says Fred Saugman at WilmerHale. Read full article » https://www.law360.co.uk/financial-services-uk/articles/1694041?nl_pk=4fb41…

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Pension Trustee Skills Under Spotlight After Bond Crisis
by Gunnar Larson 12 Jul '23

12 Jul '23

Pension Trustee Skills Under Spotlight After Bond Crisis By Joel Poultney The U.K. government announced on Tuesday it would be probing the skills and abilities of pension scheme trustees in the wake of the government bond crisis that rocked markets in 2022. Read full article » | Save to favorites » https://www.law360.co.uk/financial-services-uk/articles/1698059?nl_pk=4fb41…

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