February 2024 - cypherpunks - lists.cpunks.org

$32.4M Fine For Info Disclosure Is A Stark Warning For Banks
by Gunnar Larson 16 Feb '24

16 Feb '24

$32.4M Fine For Info Disclosure Is A Stark Warning For Banks <https://www.law360.com/compliance/articles/1791794?nl_pk=ab5ce197-c1fb-4d8e…> The New York State Department of Financial Services and the Federal Reserve's fining of a Chinese state-owned bank $32.4 million last month underscores the need for financial institutions to have policies and procedures in place to handle confidential supervisory information, say attorneys at Sidley. 2 documents attached | Read full article » <https://www.law360.com/compliance/articles/1791794?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1791794?nl_pk=ab5ce197-c1fb-4d8e…>

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Chancery Nixes Most Of Frank Founder's $835K Fee Demand
by Gunnar Larson 16 Feb '24

16 Feb '24

Chancery Nixes Most Of Frank Founder's $835K Fee Demand <https://www.law360.com/fintech/articles/1803315?nl_pk=d2b3e7ef-ab62-4a62-80…> By Leslie A. Pappas The indicted founder of student financial planning venture Frank may not "shoehorn" new legal fee claims into a May 2023 court order that JPMorgan Chase Bank NA pay her defense on charges that she defrauded the bank when it bought her startup for $175 million in 2021, Delaware's Court of Chancery has ruled. Decision attached | Read full article » <https://www.law360.com/fintech/articles/1803315?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1803315?nl_pk=d2b3e7ef-ab62-4a62-80…>

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Judge Tosses Credit Suisse Investors' RICO Suit
by Gunnar Larson 16 Feb '24

16 Feb '24

Judge Tosses Credit Suisse Investors' RICO Suit <https://www.law360.com/newyork/articles/1803441?nl_pk=ac5a3855-e47c-4403-be…> By Jessica Corso A New York federal judge has thrown out a proposed class action lawsuit filed against Credit Suisse AG subsidiaries and the bank's auditor, KPMG, in the wake of the Swiss bank's sudden takeover, saying that suing investors could not skirt an earlier state ruling that found the case did not belong in the U.S. Order attached | Read full article » <https://www.law360.com/newyork/articles/1803441?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1803441?nl_pk=ac5a3855-e47c-4403-be…>

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Trump Prosecutor Contradicts Witness on Start of Affair With Fani Willis
by Gunnar Larson 16 Feb '24

16 Feb '24

Trump Prosecutor Contradicts Witness on Start of Affair With Fani Willis https://www.bloomberg.com/news/articles/2024-02-15/fani-willis-misstated-st… A fiery Fani Willis took the witness stand and denied she engaged in any misconduct in her election-fraud prosecution of Donald Trump and co-defendants, who are trying to disqualify her over a romantic relationship with her lead prosecutor in the case, Nathan Wade.

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To Catch Crypto Crime, Look Offshore, Lawmakers Told
by Gunnar Larson 16 Feb '24

16 Feb '24

To Catch Crypto Crime, Look Offshore, Lawmakers Told <https://www.law360.com/fintech/articles/1797911?nl_pk=d2b3e7ef-ab62-4a62-80…> By Aislinn Keely Former regulators and prosecutors now employed by crypto-focused firms told U.S. House lawmakers Thursday that law enforcement needs additional power to go after offshore exchanges and other points where U.S. dollars enter and exit the digital asset economy in order to fight illicit finance in crypto. Read full article » <https://www.law360.com/fintech/articles/1797911?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1797911?nl_pk=d2b3e7ef-ab62-4a62-80…>

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1st Circ. Says Atty's Absence No Reason To Toss RICO Case
by Gunnar Larson 16 Feb '24

16 Feb '24

1st Circ. Says Atty's Absence No Reason To Toss RICO Case <https://www.law360.com/competition/articles/1803307?nl_pk=6416fd97-1dc4-4e0…> By Brian Dowling The First Circuit has said a Boston federal judge's decision to dismiss a civil racketeering lawsuit after the plaintiff's counsel missed a hearing was an unwarranted rush to the "draconian sanction," which should be reserved for more extreme misconduct.

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Bitcoin 'Inventor' Mentioned Blockchain in 2008, Witness Says
by Gunnar Larson 16 Feb '24

16 Feb '24

Subject: Bitcoin 'Inventor' Mentioned Blockchain in 2008, Witness Says Bitcoin 'Inventor' Mentioned Blockchain in 2008, Witness Says <https://www.law360.co.uk/financial-services-uk/articles/1803234?nl_pk=a94fc…> By Lucia Osborne-Crowley A former business associate of Craig Wright told a London court Thursday that he believes Wright's claim to be the inventor of bitcoin is "feasible" based on conversations he remembers dating back to the 2000s.

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JP Morgan And Viva Wallet Founder Sue Each Other
by Gunnar Larson 16 Feb '24

16 Feb '24

Subject: JP Morgan And Viva Wallet Founder Sue Each Other JP Morgan And Viva Wallet Founder Sue Each Other <https://www.law360.co.uk/financial-services-uk/articles/1803219?nl_pk=a94fc…> By Sophia Dourou J. P. Morgan and the founder of a Greek payment company co-owned by the investment bank have filed legal claims against each other in London in a dispute over the value of the fintech business. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1803219?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1803219?nl_pk=a94fc…>

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Goldman Boosts CEO Solomon’s Pay 24% After Firm’s Profit Slumps 24%
by Gunnar Larson 16 Feb '24

16 Feb '24

Goldman Boosts CEO Solomon’s Pay 24% After Firm’s Profit Slumps 24% https://www.bloomberg.com/news/articles/2024-02-16/what-is-goldman-sachs-ce… Goldman Sachs Group Inc. boosted David Solomon’s compensation 24% to $31 million for a year when earnings slumped at the Wall Street giant.

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NRA Accuses NY AG Of Political Bias As Trial Closes
by Gunnar Larson 16 Feb '24

16 Feb '24

To have a name like Gunnar, then to have the NRA accuse your AG of political bias is sure something. I think AG James is terrific. And I am a registered independent public republican. Gunnar ---- NRA Accuses NY AG Of Political Bias As Trial Closes <https://www.law360.com/newyork/articles/1803303?nl_pk=ac5a3855-e47c-4403-be…> By Rachel Scharf Lawyers for the National Rifle Association and its former CEO Wayne LaPierre accused New York Attorney General Letitia James of political bias in their final trial arguments Thursday, while a government attorney said this "witch hunt" defense is merely a distraction from the gun group's misuse of charitable assets. Read full article » <https://www.law360.com/newyork/articles/1803303?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1803303?nl_pk=ac5a3855-e47c-4403-be…>

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