October 2024 - cypherpunks - lists.cpunks.org

FDIC's Foray Into Index Fund Rules Risks Regulatory Chaos
by Gunnar Larson 18 Oct '24

18 Oct '24

FDIC's Foray Into Index Fund Rules Risks Regulatory Chaos <https://www.law360.com/capitalmarkets/articles/1889094?nl_pk=abe82add-2a33-…> A proposed Federal Deposit Insurance Corp. rule concerning control over passive index fund investments in banks is outside the agency's remit, clashes with an existing Federal Reserve process and would inhibit competition in the index fund sector, says J.W. Verret at George Mason University. Read full article » <https://www.law360.com/capitalmarkets/articles/1889094?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1889094?nl_pk=abe82add-2a33-…>

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Trump Media Investors Get Prison For Insider Trading
by Gunnar Larson 18 Oct '24

18 Oct '24

Trump Media Investors Get Prison For Insider Trading <https://www.law360.com/capitalmarkets/articles/1891297?nl_pk=abe82add-2a33-…> By Stewart Bishop A New York federal judge on Thursday sentenced a Florida venture capitalist to over two years in prison for insider trading on confidential plans to take the media company behind former President Donald Trump's Truth Social network public, a scheme that netted the investor and his brother nearly $23 million. Read full article » <https://www.law360.com/capitalmarkets/articles/1891297?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1891297?nl_pk=abe82add-2a33-…>

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How Muhammad Ali's Ex-Photog Won $2.7M From Brand Co.
by Gunnar Larson 18 Oct '24

18 Oct '24

How Muhammad Ali's Ex-Photog Won $2.7M From Brand Co. <https://www.law360.com/newyork/articles/1889415?nl_pk=ac5a3855-e47c-4403-be…> By Ivan Moreno When Muhammad Ali's former personal photographer brought a copyright suit against a powerful brand management company, his attorneys faced a daunting challenge at trial: How can they convince jurors that Authentic Brands Group was liable for willful infringement? Verdict attached | Read full article » <https://www.law360.com/newyork/articles/1889415?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1889415?nl_pk=ac5a3855-e47c-4403-be…>

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Feds Arrest Man In SEC X Account Hack Touting Bitcoin ETF
by Gunnar Larson 18 Oct '24

18 Oct '24

Feds Arrest Man In SEC X Account Hack Touting Bitcoin ETF <https://www.law360.com/banking/articles/1891132?nl_pk=feb6bbba-7878-4d39-be…> By Aislinn Keely An Alabama man was arrested Thursday on federal charges tied to the January hack of the U.S. Securities and Exchange Commission's X account, which caused bitcoin prices to spike after a phony post falsely touted that the agency had approved bitcoin exchange-traded products, federal authorities said. Indictment attached | Read full article » <https://www.law360.com/banking/articles/1891132?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1891132?nl_pk=feb6bbba-7878-4d39-be…>

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FTX Insider Cites 'Limited' Fraud Role In Bid To Avoid Prison
by Gunnar Larson 18 Oct '24

18 Oct '24

FTX Insider Cites 'Limited' Fraud Role In Bid To Avoid Prison <https://www.law360.com/banking/articles/1890959?nl_pk=feb6bbba-7878-4d39-be…> By Elliot Weld The former head of engineering at FTX asked a Manhattan federal judge to spare him prison time in light of his cooperation with prosecutors and what he said was a relatively "limited" role in the crypto exchange's billion-dollar fraud. Memorandum attached | Read full article » <https://www.law360.com/banking/articles/1890959?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1890959?nl_pk=feb6bbba-7878-4d39-be…>

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Tulsa Massacre Survivors Want Accountability In DOJ Review
by Gunnar Larson 18 Oct '24

18 Oct '24

Tulsa Massacre Survivors Want Accountability In DOJ Review <https://www.law360.com/banking/articles/1891029?nl_pk=feb6bbba-7878-4d39-be…> By Crystal Owens The federal government, in its first probe into one of the deadliest episodes of mass racial violence in the country's history that came during a period of Black affluence in an Indian Country community, is asking the public to come forward with more information that can help its review. Read full article » <https://www.law360.com/banking/articles/1891029?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1891029?nl_pk=feb6bbba-7878-4d39-be…>

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Rocket Investors Eye New Cert. Bid After Post-Goldman Denial
by Gunnar Larson 18 Oct '24

18 Oct '24

Rocket Investors Eye New Cert. Bid After Post-Goldman Denial <https://www.law360.com/banking/articles/1891068?nl_pk=feb6bbba-7878-4d39-be…> By Katryna Perera A pension fund has asked a Michigan federal judge for another chance at class certification in a suit alleging Rocket Cos. hid its knowledge of a drop in its mortgage business, saying the new class would be "substantially narrowed" after certification was previously denied in light of a recent U.S. Supreme Court decision. Motion attached | Read full article » <https://www.law360.com/banking/articles/1891068?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1891068?nl_pk=feb6bbba-7878-4d39-be…>

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Supreme Court Signals Skepticism On Staying Federal Rules
by Gunnar Larson 18 Oct '24

18 Oct '24

Supreme Court Signals Skepticism On Staying Federal Rules <https://www.law360.com/mergersacquisitions/articles/1891085?nl_pk=a34c25b5-…> By Keith Goldberg A recent string of refusals to block major Biden administration energy and climate change rules suggests that the U.S. Supreme Court is setting limits on its willingness to elbow aside lower courts that are considering challenges to such rules, legal experts say. Read full article » <https://www.law360.com/mergersacquisitions/articles/1891085?nl_pk=a34c25b5-…> | Save to favorites » <https://www.law360.com/mergersacquisitions/articles/1891085?nl_pk=a34c25b5-…>

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No Privilege For Drug Discount Co. Accused Of Faking Deal
by Gunnar Larson 18 Oct '24

18 Oct '24

No Privilege For Drug Discount Co. Accused Of Faking Deal <https://www.law360.com/mergersacquisitions/articles/1891149?nl_pk=a34c25b5-…> By Celeste Bott A Colorado federal judge held Wednesday that he saw probable cause that a drug discounter hired an attorney with the intent to commit fraud, ordering that company to disclose privileged documents in a lawsuit alleging it faked an acquisition to dupe an Illinois-based pharmacy benefit company into paying higher commissions. Order attached | Read full article » <https://www.law360.com/mergersacquisitions/articles/1891149?nl_pk=a34c25b5-…> | Save to favorites » <https://www.law360.com/mergersacquisitions/articles/1891149?nl_pk=a34c25b5-…>

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Pensions Watchdog To Extend Professional Trustee Oversight
by Gunnar Larson 18 Oct '24

18 Oct '24

Pensions Watchdog To Extend Professional Trustee Oversight <https://www.law360.co.uk/financial-services-uk/articles/1890900?nl_pk=a94fc…> By Joel Poultney Britain's retirement savings watchdog has confirmed that it will extend its regulatory approach with professional trustee firms amid significant growth in the sector. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1890900?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1890900?nl_pk=a94fc…>

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