April 2024 - cypherpunks - lists.cpunks.org

AML Exec Loses Bid For Interim Pay In Whistleblowing Case
by Gunnar Larson 16 Apr '24

16 Apr '24

AML Exec Loses Bid For Interim Pay In Whistleblowing Case <https://www.law360.co.uk/financial-services-uk/articles/1824685?nl_pk=a94fc…> By Tabitha Burbidge The co-founder of a London-based payments platform provider has lost his bid to be paid his £190,000 ($237,000) salary while he pursues a whistleblowing and unfair dismissal claim against the company. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1824685?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1824685?nl_pk=a94fc…>

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Pension Protection Fund Has 'Crucial' Future Role, LCP Says
by Gunnar Larson 16 Apr '24

16 Apr '24

Pension Protection Fund Has 'Crucial' Future Role, LCP Says <https://www.law360.co.uk/financial-services-uk/articles/1825159?nl_pk=a94fc…> By Sam Tabahriti The Pension Protection Fund could play a crucial role in the "endgame" for defined benefit pension schemes as a state-backed consolidator of smaller retirement plans, a consultancy has said. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1825159?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1825159?nl_pk=a94fc…>

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Avoiding Legal Pitfalls In M&A Deferred Pricing Deals
by Gunnar Larson 16 Apr '24

16 Apr '24

Avoiding Legal Pitfalls In M&A Deferred Pricing Deals <https://www.law360.co.uk/financial-services-uk/articles/1824231?nl_pk=a94fc…> By Najiyya Budaly One of the worst markets for M&A dealmaking in a decade has spawned innovative pricing models such as deferred consideration arrangements for buyers and sellers to come to terms, but lawyers warn that these agreements have to be watertight to protect against future litigation. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1824231?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1824231?nl_pk=a94fc…>

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Real Estate Plans Were £50M Ponzi Scheme, Investors Say
by Gunnar Larson 16 Apr '24

16 Apr '24

Real Estate Plans Were £50M Ponzi Scheme, Investors Say <https://www.law360.co.uk/financial-services-uk/articles/1825179?nl_pk=a94fc…> By Ronan Barnard Over 400 real estate investors said two British men ran a U.K.-wide fraud akin to a Ponzi scheme at a London trial of their £50 million ($62.3 million) claim Monday, arguing the men had made false promises about the returns the investments would generate. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1825179?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1825179?nl_pk=a94fc…>

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Skat Kicks Off £1.4B London Trial Against British Trader
by Gunnar Larson 16 Apr '24

16 Apr '24

Skat Kicks Off £1.4B London Trial Against British Trader <https://www.law360.co.uk/financial-services-uk/articles/1825181?nl_pk=a94fc…> By Joanne Faulkner A British trader was accused Monday of being the "mastermind" behind a fraudulent trading scheme that cost the Danish tax authority £1.4 billion ($1.7 billion) at the start of a year-long High Court trial. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1825181?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1825181?nl_pk=a94fc…>

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RNC Funding of Trump's Legal Campaign Undermines GOP State AGs' Attack on Litigation Funding - Litigation Finance Journal
by Gunnar Larson 16 Apr '24

16 Apr '24

I wrote this LitigationFinanceJournal.com article back in 2022, now I am on the other side of it all. 14 states attorneys general, if you are listening, there is something not kosher happening in New York right now. They are saying Gunnar Larson is trying to use Donald Trump arguments against the Attorney General's office and that is simply not true. Gunnar --- https://litigationfinancejournal.com/rnc-funding-of-trumps-legal-campaign-u… Litigation Finance Journal recently reported on a group of 14 state attorneys general that have called for action from the Department of Justice to review potential threats to U.S. national security from foreign adversaries’ engagement of litigation investment. Litigation funders and industry advocates have new ammo in response to the AGs’ claims, given recent news of the RNC funding former President Donald Trump’s various legal entanglements. According to ABC News, RNC leaders earmarked $1.6M in legal funding to support President Donald Trump’s defense over lawsuits brought by New York Attorney General Letitia James. Meanwhile, the United States Chamber of Commerce Institute for Legal Reform’s research has prompted 14 state attorneys general to ask for the Justice Department to assess national security risks of adversaries ‘undermining’ the United States by engaging litigation funding and third party investment vehicles. The group of 14 state attorneys general are concerned about foreign adversaries ‘weaponizing’ United States legal frameworks via litigation investment, to attack critical national industry and infrastructure, such as energy sectors. The group of 14 seeks the Department of Justice to detail how a network of federal agencies could engage a blueprint for defending United States independence from international litigation investors, hostile groups, agencies or governments such as Russia and China. This latest attack on the industry, prompted by the U.S. Chamber of Commerce, is simply another attempt to undermine the nascent and growing litigation funding sector. It is ironic, given that in the case of Consumer Legal Funding–which the Chamber specifically targets–the funding in question does not go to support legal fees, but rather to finance claimants’ livelihoods while they remain injured and unable to work. While the RNC’s funding of Trump’s legal battles does not constitute foreign investment, it illustrates the acceptance of third party legal funding across political lines, and should be noted by industry advocates looking to respond to the negative publicity put forth by the U.S. Chamber.

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Republicans Warn CFPB Against Pursuing Arbitration Rule 2.0
by Gunnar Larson 15 Apr '24

15 Apr '24

Republicans Warn CFPB Against Pursuing Arbitration Rule 2.0 <https://www.law360.com/banking/articles/1824913?nl_pk=feb6bbba-7878-4d39-be…> By Jon Hill Two Republican lawmakers are cautioning the Consumer Financial Protection Bureau against heeding calls for another rulemaking to restrict arbitration provisions in consumer financial contracts, warning that such an effort would be a "significant abuse" of the agency's authority. Letter attached | Read full article » <https://www.law360.com/banking/articles/1824913?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1824913?nl_pk=feb6bbba-7878-4d39-be…>

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Post-Moelis Del. Corp. Law Proposal Would Hurt Stockholders
by Gunnar Larson 15 Apr '24

15 Apr '24

Post-Moelis Del. Corp. Law Proposal Would Hurt Stockholders <https://www.law360.com/capitalmarkets/articles/1824746?nl_pk=abe82add-2a33-…> The proposed Delaware General Corporation Law amendment in response to the Court of Chancery's recent opinion in West Palm Beach Firefighters' Pension Fund v. Moelis would upend the foundational principle of corporate law holding that directors govern corporations in the interest of stockholders — and the potential harm would be substantial, say attorneys at Block & Leviton. Decision attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1824746?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1824746?nl_pk=abe82add-2a33-…>

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JPMorgan Analyst's Acquittal Sinks Stock Tip Case, Man Says
by Gunnar Larson 15 Apr '24

15 Apr '24

JPMorgan Analyst's Acquittal Sinks Stock Tip Case, Man Says <https://www.law360.com/compliance/articles/1824426?nl_pk=ab5ce197-c1fb-4d8e…> By Elliot Weld A Los Angeles man is planning a Ninth Circuit appeal after he was found guilty of trading on privileged information supplied by a childhood friend who was an analyst at JPMorgan Securities LLC, reasoning that he could not be guilty because the friend was acquitted at a separate trial. Read full article » <https://www.law360.com/compliance/articles/1824426?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1824426?nl_pk=ab5ce197-c1fb-4d8e…>

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Ex-Amazon Engineer Gets 3 Years For $12M Crypto Hacks
by Gunnar Larson 15 Apr '24

15 Apr '24

Ex-Amazon Engineer Gets 3 Years For $12M Crypto Hacks <https://www.law360.com/capitalmarkets/articles/1824840?nl_pk=abe82add-2a33-…> By Rachel Scharf The former technical lead of Amazon's "bug bounty" program was sentenced in Manhattan federal court Friday to three years in prison for using his specialized computer engineering skills to steal more than $12 million from two decentralized cryptocurrency exchanges. Read full article » <https://www.law360.com/capitalmarkets/articles/1824840?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1824840?nl_pk=abe82add-2a33-…>

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