February 2024 - cypherpunks - lists.cpunks.org

Lottery.com Beats Investor Suit Over Pre-IPO Disclosures
by Gunnar Larson 09 Feb '24

09 Feb '24

Lottery.com Beats Investor Suit Over Pre-IPO Disclosures <https://www.law360.com/newyork/articles/1794961?nl_pk=ac5a3855-e47c-4403-be…> By Sydney Price A New York federal judge has dismissed consolidated securities class actions against third-party lottery website Lottery.com Inc., ruling that while some statements ahead of its 2021 initial public offering were false, the proposed class members failed to adequately allege the defendants intended to defraud investors. Opinion attached | Read full article » <https://www.law360.com/newyork/articles/1794961?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1794961?nl_pk=ac5a3855-e47c-4403-be…>

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NYCB Faces Investor Suit Over Signature Bank Takeover
by Gunnar Larson 09 Feb '24

09 Feb '24

NYCB Faces Investor Suit Over Signature Bank Takeover <https://www.law360.com/newyork/articles/1794922?nl_pk=ac5a3855-e47c-4403-be…> By Katryna Perera New York Community Bancorp has been hit with a class action by an investor who claims the bank failed to disclose that it had a deteriorating book of loans which would, in turn, cause major losses and force it to cut its quarterly dividend to preserve capital, following its acquisition of assets from the now-defunct Signature Bank. Complaint attached | Read full article » <https://www.law360.com/newyork/articles/1794922?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1794922?nl_pk=ac5a3855-e47c-4403-be…>

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Brazilian Oil Rig Creditors Cleared Of Asset Draining Claims
by Gunnar Larson 09 Feb '24

09 Feb '24

Brazilian Oil Rig Creditors Cleared Of Asset Draining Claims <https://www.law360.com/newyork/articles/1794672?nl_pk=ac5a3855-e47c-4403-be…> By Jonathan Romeo A New York bankruptcy judge has dismissed two lawsuits worth $465 Million against U.S. and international banks accused of exploiting a complex sale-leaseback deal that purportedly drained the assets of the Brazilian oil and gas conglomerate Schahin Group, leading to its financial downfall. Opinion attached | Read full article » <https://www.law360.com/newyork/articles/1794672?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1794672?nl_pk=ac5a3855-e47c-4403-be…>

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With PE Exits Set To Surge, Buyers Must Act Quickly, Wisely
by Gunnar Larson 09 Feb '24

09 Feb '24

Subject: With PE Exits Set To Surge, Buyers Must Act Quickly, Wisely With PE Exits Set To Surge, Buyers Must Act Quickly, Wisely <https://www.law360.com/capitalmarkets/articles/1794291?nl_pk=abe82add-2a33-…> By Al Barbarino Private equity exits are expected to rebound this year after a decade low in 2023, as investment time horizons expire and investors demand returns, but strategic buyers will need to act quickly and keep a finger on the market's pulse as competition heats up. Read full article » <https://www.law360.com/capitalmarkets/articles/1794291?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1794291?nl_pk=abe82add-2a33-…>

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CoinDeal Fraud Promoters Ordered To Repay Profits
by Gunnar Larson 09 Feb '24

09 Feb '24

Subject: CoinDeal Fraud Promoters Ordered To Repay Profits CoinDeal Fraud Promoters Ordered To Repay Profits <https://www.law360.com/fintech/articles/1795225?nl_pk=d2b3e7ef-ab62-4a62-80…> By Celeste Bott An Illinois federal judge on Wednesday granted the U.S. Securities and Exchange Commission final judgment against two women it accused of advancing the CoinDeal investment fraud scheme, requiring them to disgorge more than $840,000 in restitution and fines. 2 documents attached | Read full article » <https://www.law360.com/fintech/articles/1795225?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1795225?nl_pk=d2b3e7ef-ab62-4a62-80…>

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Fintech Exec Convicted Of Crypto Manipulation Conspiracy
by Gunnar Larson 09 Feb '24

09 Feb '24

Fintech Exec Convicted Of Crypto Manipulation Conspiracy <https://www.law360.com/capitalmarkets/articles/1795469?nl_pk=abe82add-2a33-…> By Katryna Perera The former head of financial engineering at fintech company Hydrogen Technology Corp. was convicted by a Florida federal jury Wednesday of conspiring to manipulate the market for Hydrogen's digital assets. Verdict attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1795469?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1795469?nl_pk=abe82add-2a33-…>

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Truist Will Pay $6.3M To End BB&T High-Yield Rate Cut Suit
by Gunnar Larson 09 Feb '24

09 Feb '24

Truist Will Pay $6.3M To End BB&T High-Yield Rate Cut Suit <https://www.law360.com/banking/articles/1795199?nl_pk=feb6bbba-7878-4d39-be…> By Katryna Perera Truist Financial Corp. has reached a $6.3 million settlement to resolve claims that it wrongfully lowered the interest rate on high-yield money market accounts that customers opened three decades ago. Motion attached | Read full article » <https://www.law360.com/banking/articles/1795199?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1795199?nl_pk=feb6bbba-7878-4d39-be…>

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How Jack Dorsey?s Plan to Get Elon Musk to Save Twitter Went South
by Gunnar Larson 09 Feb '24

09 Feb '24

How Jack Dorsey’s Plan to Get Elon Musk to Save Twitter Went South https://www.bloomberg.com/news/features/2024-02-08/how-jack-dorsey-s-plan-f… Elon Musk was growing irritable on Friday evening, Nov. 4, 2022. It had been just over a week since he’d closed his $44 billion deal for Twitter, and advertisers were bailing on the company in droves. Many brand-conscious marketers were worried that Twitter’s historical reputation for nastiness would return as a result of Musk’s pledge to defeat the “woke mind virus,” his derisive term for the censorious attitude he felt had sucked the joy out of his favorite social network.

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Judge Newman's Options Dwindle After Suspension Is Upheld
by Gunnar Larson 09 Feb '24

09 Feb '24

Subject: Judge Newman's Options Dwindle After Suspension Is Upheld Judge Newman's Options Dwindle After Suspension Is Upheld <https://www.law360.com/legalethics/articles/1795467?nl_pk=153d4a8a-6fb9-4a5…> By Ryan Davis Following Wednesday's decision by the national panel that reviews judicial misconduct cases upholding Federal Circuit Judge Pauline Newman's suspension, she faces a difficult path to getting reinstated without complying with an investigation into her mental fitness, experts say. Opinion attached | Read full article » <https://www.law360.com/legalethics/articles/1795467?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/1795467?nl_pk=153d4a8a-6fb9-4a5…>

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Bybit Wants $953M FTX Suit Axed For 'Threadbare' US Ties
by Gunnar Larson 09 Feb '24

09 Feb '24

Subject: Bybit Wants $953M FTX Suit Axed For 'Threadbare' US Ties Bybit Wants $953M FTX Suit Axed For 'Threadbare' US Ties <https://www.law360.com/capitalmarkets/articles/1795204?nl_pk=abe82add-2a33-…> By Alex Wittenberg Cryptocurrency exchange Bybit Fintech Ltd. has urged a Delaware bankruptcy judge to throw out an FTX lawsuit that aims to recover $953 million that Bybit and affiliates allegedly raced to withdraw before FTX collapsed, arguing that the case has "no connection" to the U.S. and even if it did, FTX's claims all fail. 2 documents attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1795204?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1795204?nl_pk=abe82add-2a33-…>

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