April 2024 - cypherpunks - lists.cpunks.org

Here’s How Wedgewood Views PayPal Holdings (PYPL)
by Gunnar Larson 21 Apr '24

21 Apr '24

https://finance.yahoo.com/news/wedgewood-views-paypal-holdings-pypl-0651041… "PayPal Holdings, Inc. (NASDAQ:PYPL) has been a long-standing holding for Wedgewood, since 2015. After taking some of our gains around the company's COVID-19-fueled peak in 2021, we have been adding to the stock slowly over the past two years, taking it back to a signi2icant position in the portfolio. We would like to update you on our current thinking. Like most "COVID-19 stocks", a variety of companies (e.g., Amazon) bene2ited from arti2icially high growth rates due to the COVID-19 lockdowns and subsequent stimulus; fundamentals at PayPal saw a normalization as the world returned to normal through 2021- 2022. Similar to most of those companies, many PayPal investors had incorrectly assumed their arti2icially elevated growth rates during the COVID-19 period would continue for years and were surprised when the normalization occurred, leading to a decline in the Company's admittedly overheated stock. The big difference between PayPal and many of these stocks (e.g., Amazon once again) is that PayPal still has not recovered from this broad normalization period…”

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Fwd: Bank.org | NY-DFS Shelf Charter Strategic Outline
by Gunnar Larson 21 Apr '24

21 Apr '24

---------- Forwarded message --------- From: Gunnar Larson <g(a)xny.io> Date: Thu, Apr 22, 2021, 2:01 PM Subject: Bank.org | NY-DFS Shelf Charter Strategic Outline To: Weintraub, Cathy (DFS) <Cathy.Weintraub(a)dfs.ny.gov> Cc: Goberdhan, Harry (DFS) <Harry.Goberdhan(a)dfs.ny.gov>, Choy, Man-Ying (DFS) <Man-Ying.Choy(a)dfs.ny.gov>, Alexi Anania <a(a)xny.io> Dear Ms. Weintraub: *Bank.org wishes you and the NY-DFS Bank Applications team a very happy Earth Day. * 1. Thank you for our recent conversation concerning Bank.org's Shelf Charter review process 2. From our conversation, and following the Shelf Charter review checklist, please find Bank.org's outline attached and also available at the link below: - https://docs.google.com/document/d/1fwSKlEm07eY90Wh_SIujF-8C_Ixmxiuo0wkN7-L… 3. Bank.org's Shelf Charter outlines the rationale for organizing our proposed New York Bank Charter, the market segment Bank.org expects to serve, the names and occupations of the incorporators, the name and experience of the candidate for the position of Chief Executive Officer and the proposed capitalization. The outline covers 30 pages with intent to clearly detail Bank.org's desire of seeking expedited Shelf Charter review and other conditional approval(s). Furthermore, the outline notes Bank.org is seeking certain NY-DFS waivers considering the agile innovation circumstance. We would like to schedule a tele-conference with you and the Bank Applications team next week to discuss this more. Ms. Weintraub, we are sincerely grateful for your time and review of the Bank.org Shelf Charter outline. And consideration of an expedited journey to approval. We are at your disposal and eagerly await your feedback. Warm regards, Gunnar -- *Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>* MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454-9107 New York, New York 10001

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NCAA Athletes Can't Get MDL Over Compensation Rules
by Gunnar Larson 20 Apr '24

20 Apr '24

NCAA Athletes Can't Get MDL Over Compensation Rules <https://www.law360.com/competition/articles/1824415?nl_pk=6416fd97-1dc4-4e0…> By Elaine Briseño The Judicial Panel on Multidistrict Litigation denied the request of NCAA athletes to centralize two suits accusing the organization and five major college sports conferences of exercising a monopoly over labor in Division I sports by not allowing student-athletes to be compensated for their performances. Order attached | Read full article » <https://www.law360.com/competition/articles/1824415?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1824415?nl_pk=6416fd97-1dc4-4e0…>

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Trump Media Files To Register More Shares For Potential Sale
by Gunnar Larson 20 Apr '24

20 Apr '24

Trump Media Files To Register More Shares For Potential Sale <https://www.law360.com/mergersacquisitions/articles/1825459?nl_pk=a34c25b5-…> By Tom Zanki The owner of former President Trump's newly public social media platform Truth Social filed paperwork on Monday to issue an additional 21.5 million shares and register for resale about 146 million existing shares, including a large stake owned by Trump. Read full article » <https://www.law360.com/mergersacquisitions/articles/1825459?nl_pk=a34c25b5-…> | Save to favorites » <https://www.law360.com/mergersacquisitions/articles/1825459?nl_pk=a34c25b5-…>

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Stressed About The Trump Trial? Imagine How The Attys Feel
by Gunnar Larson 20 Apr '24

20 Apr '24

Stressed About The Trump Trial? Imagine How The Attys Feel <https://www.law360.com/competition/articles/1824600?nl_pk=6416fd97-1dc4-4e0…> By Cara Salvatore A trial-of-the-century moment like Donald Trump's New York criminal case heaps singular attention and pressure on the lawyers involved — and a commensurate need for smart stress relief tactics during months of prep, lawyers who have taken on landmark cases say.

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Senators Demand Info On CFTC Chats With Bankman-Fried
by Gunnar Larson 20 Apr '24

20 Apr '24

Senators Demand Info On CFTC Chats With Bankman-Fried <https://www.law360.com/fintech/articles/1825491?nl_pk=d2b3e7ef-ab62-4a62-80…> By Aislinn Keely Two U.S. senators have asked the U.S. Commodity Futures Trading Commission's chair to detail all of his communications and meetings with convicted FTX fraudster Sam Bankman-Fried. Letter attached | Read full article » <https://www.law360.com/fintech/articles/1825491?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1825491?nl_pk=d2b3e7ef-ab62-4a62-80…>

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South State Bank Breach Exposed 1 Million People, Suit Says
by Gunnar Larson 20 Apr '24

20 Apr '24

South State Bank Breach Exposed 1 Million People, Suit Says <https://www.law360.com/banking/articles/1825610?nl_pk=feb6bbba-7878-4d39-be…> By Emilie Ruscoe South State Bank is facing a proposed class action accusing it of negligence following a February data breach that allegedly compromised the personal information of more than a million current and former customers. Complaint attached | Read full article » <https://www.law360.com/banking/articles/1825610?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1825610?nl_pk=feb6bbba-7878-4d39-be…>

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11th Circ. Block Of 'Stop WOKE' Act Is Good For Public Safety
by Gunnar Larson 20 Apr '24

20 Apr '24

11th Circ. Block Of 'Stop WOKE' Act Is Good For Public Safety <https://www.law360.com/access-to-justice/articles/1826519?nl_pk=6416fd97-1d…> The Eleventh Circuit’s recent decision to uphold an injunction of Florida’s so-called Stop WOKE Act, a law that curtails workplace diversity training, means that law enforcement can continue receiving such training — an essential step toward more equitable policing and public safety, say Miriam Krinsky at Fair and Just Prosecution and Diane Goldstein at Law Enforcement Action Partnership. Opinion attached | Read full article » <https://www.law360.com/access-to-justice/articles/1826519?nl_pk=6416fd97-1d…> | Save to favorites » <https://www.law360.com/access-to-justice/articles/1826519?nl_pk=6416fd97-1d…>

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Justices Rule Criminal Forfeiture Deadline Isn't Absolute
by Gunnar Larson 20 Apr '24

20 Apr '24

Justices Rule Criminal Forfeiture Deadline Isn't Absolute <https://www.law360.com/access-to-justice/articles/1812392?nl_pk=6416fd97-1d…> By Katie Buehler The U.S. Supreme Court held Wednesday that courts can issue forfeiture orders at sentencing in criminal cases even if prosecutors fail to submit a draft request prior to the court-ordered date, ruling noncompliance with the rule doesn't strip judges of the authority to direct defendants to hand over ill-gotten gains. Opinion attached | Read full article » <https://www.law360.com/access-to-justice/articles/1812392?nl_pk=6416fd97-1d…> | Save to favorites » <https://www.law360.com/access-to-justice/articles/1812392?nl_pk=6416fd97-1d…>

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NYC Bar Rips Hochul Plan To Divert Client Trust Interest Cash
by Gunnar Larson 20 Apr '24

20 Apr '24

NYC Bar Rips Hochul Plan To Divert Client Trust Interest Cash <https://www.law360.com/access-to-justice/articles/1827178?nl_pk=6416fd97-1d…> By Lauren Berg The New York City Bar Association urged Gov. Kathy Hochul Thursday to reconsider her "eleventh-hour" renewed plan to divert $55 million in interest earned on lawyer trust accounts that typically goes toward legal aid for low-income New Yorkers, saying the "deeply troubling" move undermines the independence of the legal profession. Read full article » <https://www.law360.com/access-to-justice/articles/1827178?nl_pk=6416fd97-1d…> | Save to favorites » <https://www.law360.com/access-to-justice/articles/1827178?nl_pk=6416fd97-1d…>

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