November 2024 - cypherpunks - lists.cpunks.org

Crypto Lobby Says Members Spent $426M Fighting SEC
by Gunnar Larson 02 Nov '24

02 Nov '24

Crypto Lobby Says Members Spent $426M Fighting SEC <https://www.law360.com/fintech/articles/2254777?nl_pk=d2b3e7ef-ab62-4a62-80…> By Aislinn Keely The Blockchain Association, a cryptocurrency lobby, said in a report released Thursday that its members reported incurring $426 million in legal costs so far defending actions from the U.S. Securities and Exchange Commission. Read full article » <https://www.law360.com/fintech/articles/2254777?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/2254777?nl_pk=d2b3e7ef-ab62-4a62-80…>

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Storage Co. Strikes Deal To End 401(k) Excessive Fee Suit
by Gunnar Larson 02 Nov '24

02 Nov '24

Storage Co. Strikes Deal To End 401(k) Excessive Fee Suit <https://www.law360.com/technology/articles/2254308?nl_pk=2bd720dd-746c-4744…> By Grace Elletson A storage and information management company has agreed to settle a proposed class action in Massachusetts federal court claiming it caused workers to lose millions in retirement savings by allowing their $650 million plan to be slapped with steep recordkeeping fees. Report attached | Read full article » <https://www.law360.com/technology/articles/2254308?nl_pk=2bd720dd-746c-4744…> | Save to favorites » <https://www.law360.com/technology/articles/2254308?nl_pk=2bd720dd-746c-4744…>

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Fla. Jury Finds 'Undead' NFT Developer Scammed Investors
by Gunnar Larson 02 Nov '24

02 Nov '24

Fla. Jury Finds 'Undead' NFT Developer Scammed Investors <https://www.law360.com/technology/articles/2254776?nl_pk=2bd720dd-746c-4744…> By Craig Clough A Florida federal jury on Wednesday found a nonfungible token developer guilty of conspiracy to commit wire fraud and money laundering for his role in a cryptocurrency scam prosecutors have said bilked investors out of hundreds of thousands of dollars. Verdict attached | Read full article » <https://www.law360.com/technology/articles/2254776?nl_pk=2bd720dd-746c-4744…> | Save to favorites » <https://www.law360.com/technology/articles/2254776?nl_pk=2bd720dd-746c-4744…>

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Philly DA's Suit Over Musk's $1M Voter 'Lottery' Goes Federal
by Gunnar Larson 02 Nov '24

02 Nov '24

Philly DA's Suit Over Musk's $1M Voter 'Lottery' Goes Federal <https://www.law360.com/technology/articles/2254825?nl_pk=2bd720dd-746c-4744…> By P.J. D'Annunzio A Pennsylvania federal judge is set to decide whether Elon Musk's $1 million daily giveaway to battleground state voters who sign a pledge from his PAC is an illegal lottery, as Philadelphia District Attorney Larry Krasner claimed in a suit transferred to federal court on Thursday. Notice attached | Read full article » <https://www.law360.com/technology/articles/2254825?nl_pk=2bd720dd-746c-4744…> | Save to favorites » <https://www.law360.com/technology/articles/2254825?nl_pk=2bd720dd-746c-4744…>

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Meta Says CFPB Mulling Enforcement Action Over Advertising
by Gunnar Larson 02 Nov '24

02 Nov '24

Meta Says CFPB Mulling Enforcement Action Over Advertising <https://www.law360.com/technology/articles/2254505?nl_pk=2bd720dd-746c-4744…> By Jon Hill Meta, the parent company of Facebook and Instagram, said Thursday that it is facing a potential Consumer Financial Protection Bureau enforcement action following an agency probe into financial-related advertising on its platform. Read full article » <https://www.law360.com/technology/articles/2254505?nl_pk=2bd720dd-746c-4744…> | Save to favorites » <https://www.law360.com/technology/articles/2254505?nl_pk=2bd720dd-746c-4744…>

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Atty Can't Dodge All Claims In $14.6M Tribal RICO Suit
by Gunnar Larson 02 Nov '24

02 Nov '24

Atty Can't Dodge All Claims In $14.6M Tribal RICO Suit <https://www.law360.com/legalethics/articles/2254185?nl_pk=153d4a8a-6fb9-4a5…> By Joyce Hanson An Oklahoma federal judge has partly denied a bid by a tribe's general counsel and his law firm to toss accused fraudsters' claims against them in a Racketeer Influenced and Corrupt Organizations Act lawsuit, finding he may have breached his fiduciary duty when serving both parties in the suit. Opinion attached | Read full article » <https://www.law360.com/legalethics/articles/2254185?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/2254185?nl_pk=153d4a8a-6fb9-4a5…>

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Combs 'Grasping At Straws' In Leak & Gag Motions, Feds Say
by Gunnar Larson 02 Nov '24

02 Nov '24

Combs 'Grasping At Straws' In Leak & Gag Motions, Feds Say <https://www.law360.com/legalethics/articles/2254527?nl_pk=153d4a8a-6fb9-4a5…> By Frank G. Runyeon Manhattan federal prosecutors rejected Sean "Diddy" Combs' arguments that his sexual assault accusers should be forbidden from speaking out and that the government had leaked grand jury secrets, saying his motions lack evidence or any proper legal basis. 2 documents attached | Read full article » <https://www.law360.com/legalethics/articles/2254527?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/2254527?nl_pk=153d4a8a-6fb9-4a5…>

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Election Outcome Could Reshape Financial Industry
by Gunnar Larson 02 Nov '24

02 Nov '24

Election Outcome Could Reshape Financial Industry <https://www.law360.com/banking/articles/2115333?nl_pk=feb6bbba-7878-4d39-be…> The policies of the next presidential administration and Congress will shape the landscape of financial services in the U.S. — including banking, mortgage, investment and credit services — for years to come, affecting Wall Street investors and aspiring homeowners alike, say Alexander Hecht and Frank Guinta at Mintz. Read full article » <https://www.law360.com/banking/articles/2115333?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/2115333?nl_pk=feb6bbba-7878-4d39-be…>

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Feds: No 'Willfulness' Needed In Texas AG-Tied Investor Case
by Gunnar Larson 02 Nov '24

02 Nov '24

Feds: No 'Willfulness' Needed In Texas AG-Tied Investor Case <https://www.law360.com/banking/articles/2254762?nl_pk=feb6bbba-7878-4d39-be…> By Spencer Brewer Federal prosecutors asked a Texas federal judge to reject an attempt by an investor at the center of the failed impeachment of Texas Attorney General Ken Paxton to toss the fraud case, saying Wednesday that "willfulness" isn't needed for a conspiracy to commit wire fraud conviction. 2 documents attached | Read full article » <https://www.law360.com/banking/articles/2254762?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/2254762?nl_pk=feb6bbba-7878-4d39-be…>

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Ex-Goldman Exec Says 1MDB Judge Thwarted His Defense
by Gunnar Larson 02 Nov '24

02 Nov '24

Ex-Goldman Exec Says 1MDB Judge Thwarted His Defense <https://www.law360.com/banking/articles/2254677?nl_pk=feb6bbba-7878-4d39-be…> By Stewart Bishop Former Goldman Sachs executive Roger Ng on Thursday told the Second Circuit that his trial defense over the massive $6.5 billion 1MDB scheme was marred by the wrongful exclusion of video evidence that supported his claim that $35 million he received in alleged kickbacks was actually investment proceeds. Read full article » <https://www.law360.com/banking/articles/2254677?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/2254677?nl_pk=feb6bbba-7878-4d39-be…>

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