December 2024 - cypherpunks - lists.cpunks.org

Couple To Forfeit £12M Over China-Linked Financial Fraud
by Gunnar Larson 11 Dec '24

11 Dec '24

Couple To Forfeit £12M Over China-Linked Financial Fraud <https://www.law360.co.uk/financial-services-uk/articles/2271648?nl_pk=a94fc…> By Sam Tabahriti The National Crime Agency said Tuesday that it has secured a £12 million ($15 million) settlement with a Chinese couple who were suspected of financial fraud and money laundering after building a multimillion-pound property business in the U.K. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2271648?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2271648?nl_pk=a94fc…>

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UK Audit Watchdog Bills Crowe £1M Over Akazoo Failings
by Gunnar Larson 11 Dec '24

11 Dec '24

UK Audit Watchdog Bills Crowe £1M Over Akazoo Failings <https://www.law360.co.uk/financial-services-uk/articles/2271661?nl_pk=a94fc…> By Jamie Lennox The United Kingdom's auditing watchdog said Tuesday it has hit Crowe U.K. LLP and its chief executive with over £1 million ($1.3 million) in fines and costs following the firm's botched audits of streaming site operator Akazoo Ltd. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2271661?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2271661?nl_pk=a94fc…>

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Privinvest Denied Appeal In 'Tuna Bond' Bribery Case
by Gunnar Larson 11 Dec '24

11 Dec '24

Privinvest Denied Appeal In 'Tuna Bond' Bribery Case <https://www.law360.co.uk/financial-services-uk/articles/2271645?nl_pk=a94fc…> By Eddie Beaver An Emirati shipbuilder on Tuesday was refused permission to appeal a London court judgment that found the company was involved in the "tuna bond" bribery scandal that wrecked Mozambique's economy. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2271645?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2271645?nl_pk=a94fc…>

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FCA Will Support Growth But Not 'Light Touch' Regulation
by Gunnar Larson 11 Dec '24

11 Dec '24

FCA Will Support Growth But Not 'Light Touch' Regulation <https://www.law360.co.uk/financial-services-uk/articles/2268698?nl_pk=a94fc…> By Joel Poultney The Financial Conduct Authority said on Tuesday that it will not return to the "light touch" regulation from before the 2008 financial crisis but is committed to responsible risk-taking to support the Labour government's goal of boosting economic growth. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2268698?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2268698?nl_pk=a94fc…>

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EV Carmaker Lucid Wants To Shed More Of Inflated Biz Suit
by Gunnar Larson 10 Dec '24

10 Dec '24

EV Carmaker Lucid Wants To Shed More Of Inflated Biz Suit <https://www.law360.com/delaware/articles/2271016?nl_pk=8f2e5a76-bb66-462b-a…> By Emilie Ruscoe Electric carmaker Lucid Group has asked a California federal judge to toss most of the latest version of a proposed investor class action alleging its production forecasts were misleading, arguing that parts of the suit that remained intact after a recent dismissal order involved statements taken out of context. Motion attached | Read full article » <https://www.law360.com/delaware/articles/2271016?nl_pk=8f2e5a76-bb66-462b-a…> | Save to favorites » <https://www.law360.com/delaware/articles/2271016?nl_pk=8f2e5a76-bb66-462b-a…>

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Metal Co. Says Liberty Mutual Owes $1.1M For Hail Damage
by Gunnar Larson 10 Dec '24

10 Dec '24

Metal Co. Says Liberty Mutual Owes $1.1M For Hail Damage <https://www.law360.com/insurance/articles/2271277?nl_pk=59612751-8689-4b1e-…> By Hope Patti A Texas metal fabrication company said it is owed more than $1.1 million from Liberty Mutual, telling a federal court Monday that the insurer improperly refused to pay out a claim for hail damage after a September 2023 storm. 2 documents attached | Read full article » <https://www.law360.com/insurance/articles/2271277?nl_pk=59612751-8689-4b1e-…> | Save to favorites » <https://www.law360.com/insurance/articles/2271277?nl_pk=59612751-8689-4b1e-…>

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Preparing For The New Restrictions On Investment Into China
by Gunnar Larson 10 Dec '24

10 Dec '24

Preparing For The New Restrictions On Investment Into China <https://www.law360.com/fintech/articles/2270727?nl_pk=d2b3e7ef-ab62-4a62-80…> In light of a new regulatory program governing U.S. investments in China-related technology companies of national security concern, investors should keep several considerations in mind, including the rules' effect on existing and new investments, compliance hurdles, and penalties for noncompliance ahead of the rules' January implementation, say attorneys at Gunderson Dettmer. Read full article » <https://www.law360.com/fintech/articles/2270727?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/2270727?nl_pk=d2b3e7ef-ab62-4a62-80…>

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Petrobras Calls On Justices To Review Samsung RICO Suit
by Gunnar Larson 10 Dec '24

10 Dec '24

Petrobras Calls On Justices To Review Samsung RICO Suit <https://www.law360.com/compliance/articles/2271419?nl_pk=ab5ce197-c1fb-4d8e…> By Madeline Lyskawa The American subsidiary of Brazil's state-owned oil company called on the U.S. Supreme Court to unravel the Fifth Circuit's decision blocking its racketeering claim against Samsung Heavy Industries over an alleged $1.6 billion bribery scheme involving drillship contracts. Petition attached | Read full article » <https://www.law360.com/compliance/articles/2271419?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/2271419?nl_pk=ab5ce197-c1fb-4d8e…>

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What's Next After Boeing 737 Max Deal Snags On DEI Clause
by Gunnar Larson 10 Dec '24

10 Dec '24

What's Next After Boeing 737 Max Deal Snags On DEI Clause <https://www.law360.com/compliance/articles/2271065?nl_pk=ab5ce197-c1fb-4d8e…> By Linda Chiem A Texas federal judge's recent rejection of Boeing's plea agreement with the U.S. Department of Justice underscores the increasing vulnerability of corporate and government diversity, equity and inclusion policies, experts say, spelling fresh complications for the embattled American aerospace titan and the legal saga over its 737 Max jets. Read full article » <https://www.law360.com/compliance/articles/2271065?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/2271065?nl_pk=ab5ce197-c1fb-4d8e…>

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Supreme Court Won't Review Ex-HUD Official's Conviction
by Gunnar Larson 10 Dec '24

10 Dec '24

Supreme Court Won't Review Ex-HUD Official's Conviction <https://www.law360.com/technology/articles/2271079?nl_pk=2bd720dd-746c-4744…> By Elliot Weld The U.S. Supreme Court declined to hear the case of a former staffer in the U.S. Department of Housing and Urban Development's Office of Inspector General who was convicted of failing to disclose a loan from a friend who was later hired as a government subcontractor. 2 documents attached | Read full article » <https://www.law360.com/technology/articles/2271079?nl_pk=2bd720dd-746c-4744…> | Save to favorites » <https://www.law360.com/technology/articles/2271079?nl_pk=2bd720dd-746c-4744…>

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