March 2024 - cypherpunks - lists.cpunks.org

Wells Fargo Denies Liability Over Texas Atty's Fraud Scheme
by Gunnar Larson 28 Mar '24

28 Mar '24

Wells Fargo Denies Liability Over Texas Atty's Fraud Scheme <https://www.law360.com/banking/articles/1817612?nl_pk=feb6bbba-7878-4d39-be…> By Emily Sawicki Arguing a San Antonio lawyer's widespread fraud scheme predated his relationship with the bank, Wells Fargo has asked a Texas federal judge to trim a suit launched by the attorney's former clients, who accused the bank of enabling the scheme that landed the attorney behind bars for 50 years. Motion attached | Read full article » <https://www.law360.com/banking/articles/1817612?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1817612?nl_pk=feb6bbba-7878-4d39-be…>

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Law Firm Can't Ditch Class Cert. In Interest Rate Challenge
by Gunnar Larson 28 Mar '24

28 Mar '24

Law Firm Can't Ditch Class Cert. In Interest Rate Challenge <https://www.law360.com/banking/articles/1817642?nl_pk=feb6bbba-7878-4d39-be…> By Danielle Ferguson A Michigan federal judge on Tuesday declined to decertify a class of debtors alleging a law firm charged unlawfully high post-judgment interest rates, saying the defendants were confused about what was needed to show standing. Order attached | Read full article » <https://www.law360.com/banking/articles/1817642?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1817642?nl_pk=feb6bbba-7878-4d39-be…>

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One year today ... RIP, my dear dog Brody.
by Gunnar Larson 28 Mar '24

28 Mar '24

One year today ... RIP, my dear dog Brody. BRODY was 13 years old. Your daddy will always love you, baby boy. ❤️❤️❤️❤️❤️

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Wells Fargo Unit Can Send $500M Fund Plunge Suit To NY
by Gunnar Larson 28 Mar '24

28 Mar '24

Wells Fargo Unit Can Send $500M Fund Plunge Suit To NY <https://www.law360.com/banking/articles/1817393?nl_pk=feb6bbba-7878-4d39-be…> By Sydney Price An Illinois federal judge said Wells Fargo Securities LLC can transfer to New York federal court a suit accusing it of losing at least $500 million of a hedge fund's value in a wrong-way bet on the markets, since an identical class action is currently pending there. Order attached | Read full article » <https://www.law360.com/banking/articles/1817393?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1817393?nl_pk=feb6bbba-7878-4d39-be…>

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AI Weapons Detector Faces Investor Suit After Gov't Probes
by Gunnar Larson 28 Mar '24

28 Mar '24

AI Weapons Detector Faces Investor Suit After Gov't Probes <https://www.law360.com/mergersacquisitions/articles/1817551?nl_pk=a34c25b5-…> By Sydney Price Evolv Technologies, which makes metal detectors that purportedly use artificial intelligence to detect weapons, is facing a proposed shareholder class action in Massachusetts federal court alleging that false claims about its products' abilities to screen for types of tactical knives and guns led to federal investigations and share declines. Complaint attached | Read full article » <https://www.law360.com/mergersacquisitions/articles/1817551?nl_pk=a34c25b5-…> | Save to favorites » <https://www.law360.com/mergersacquisitions/articles/1817551?nl_pk=a34c25b5-…>

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Ex-LA Deputy Mayor's Fate In Bribery Trial Goes To Calif. Jury
by Gunnar Larson 28 Mar '24

28 Mar '24

Ex-LA Deputy Mayor's Fate In Bribery Trial Goes To Calif. Jury <https://www.law360.com/governmentcontracts/articles/1817816?nl_pk=4126fe73-…> By Gina Kim Former Los Angeles Deputy Mayor Raymond Chan connected corrupt public officials to wealthy developers for years as part of the "CD-14 Enterprise" racketeering conspiracy, a federal prosecutor told California federal jurors in closing arguments Tuesday, saying their shared goal was ensuring they "get money, keep power and avoid the Feds." Read full article » <https://www.law360.com/governmentcontracts/articles/1817816?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1817816?nl_pk=4126fe73-…>

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NC Justices Find BofA Mortgage Fraud Suit Filed Too Late
by Gunnar Larson 27 Mar '24

27 Mar '24

NC Justices Find BofA Mortgage Fraud Suit Filed Too Late <https://www.law360.com/banking/articles/1817191?nl_pk=feb6bbba-7878-4d39-be…> By Katryna Perera The North Carolina Supreme Court has ruled that homeowners accusing Bank of America NA of fraud in a mortgage modification program filed their claims too late, finding they knew or should have known about the alleged fraud when their homes were foreclosed upon — four to seven years before they sued. Opinion attached | Read full article » <https://www.law360.com/banking/articles/1817191?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1817191?nl_pk=feb6bbba-7878-4d39-be…>

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GOP Lawmakers Push Gensler To Clarify SEC Stance On Ether
by Gunnar Larson 27 Mar '24

27 Mar '24

GOP Lawmakers Push Gensler To Clarify SEC Stance On Ether <https://www.law360.com/fintech/articles/1817891?nl_pk=d2b3e7ef-ab62-4a62-80…> By Aislinn Keely Nearly 50 House Republicans called on U.S. Securities and Exchange Commission Chair Gary Gensler to explain his agency's views on the ethereum network's token after a firm apparently only cleared to safeguard digital asset securities announced its intention to support ETH. Letter attached | Read full article » <https://www.law360.com/fintech/articles/1817891?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1817891?nl_pk=d2b3e7ef-ab62-4a62-80…>

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SEC Says Ripple's 'Egregiousness' Warrants $2B Sanction
by Gunnar Larson 27 Mar '24

27 Mar '24

SEC Says Ripple's 'Egregiousness' Warrants $2B Sanction <https://www.law360.com/fintech/articles/1817651?nl_pk=d2b3e7ef-ab62-4a62-80…> By Aislinn Keely The U.S. Securities and Exchange Commission has told a New York federal court that blockchain firm Ripple Labs Inc. ramped up sales of its XRP token after the agency launched its enforcement action and engaged in a "public relations campaign to deflect blame from its conduct," warranting nearly $2 billion in sanctions. Motion attached | Read full article » <https://www.law360.com/fintech/articles/1817651?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1817651?nl_pk=d2b3e7ef-ab62-4a62-80…>

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FTX Says Millions In Ch. 11 Token Claims Should Be Zeroed
by Gunnar Larson 27 Mar '24

27 Mar '24

FTX Says Millions In Ch. 11 Token Claims Should Be Zeroed <https://www.law360.com/banking/articles/1817675?nl_pk=feb6bbba-7878-4d39-be…> By Vince Sullivan Cryptocurrency exchange FTX Trading Ltd. argued in court Tuesday that a Delaware bankruptcy judge should estimate the claims of customers holding some digital tokens at a heavy discount for Chapter 11 purposes, including zeroing out hundreds of millions of dollars in token value. Read full article » <https://www.law360.com/banking/articles/1817675?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1817675?nl_pk=feb6bbba-7878-4d39-be…>

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