April 2024 - cypherpunks - lists.cpunks.org

NY Banking Brief: All The Notable Legal Updates In Q1
by Gunnar Larson 11 Apr '24

11 Apr '24

NY Banking Brief: All The Notable Legal Updates In Q1 <https://www.law360.com/fintech/articles/1820309?nl_pk=d2b3e7ef-ab62-4a62-80…> The first quarter of 2024 saw a number of notable legal and regulatory developments that will significantly affect New York's financial services industry, including the New York Department of Financial Services' finalized novel guidance directing banks to continuously monitor the character and fitness of key personnel, say Brian Montgomery and Nathan Lewko at Pillsbury. Read full article » <https://www.law360.com/fintech/articles/1820309?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1820309?nl_pk=d2b3e7ef-ab62-4a62-80…>

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Mich. Appellate Panel Won't Halt Election Case Against Atty
by Gunnar Larson 11 Apr '24

11 Apr '24

Mich. Appellate Panel Won't Halt Election Case Against Atty <https://www.law360.com/cybersecurity-privacy/articles/1823942?nl_pk=3dfd2fd…> By Danielle Ferguson A Michigan appellate panel on Tuesday said it wouldn't pause criminal proceedings against an attorney accused of tampering with voting machines after the 2020 presidential election or consider her appeal of a trial court's decision to issue an arrest warrant for missing a hearing. Order attached | Read full article » <https://www.law360.com/cybersecurity-privacy/articles/1823942?nl_pk=3dfd2fd…> | Save to favorites » <https://www.law360.com/cybersecurity-privacy/articles/1823942?nl_pk=3dfd2fd…>

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DOJ's Apple Antitrust Suit Gets New Judge After Recusal
by Gunnar Larson 11 Apr '24

11 Apr '24

DOJ's Apple Antitrust Suit Gets New Judge After Recusal <https://www.law360.com/fintech/articles/1824076?nl_pk=d2b3e7ef-ab62-4a62-80…> By Hailey Konnath The New Jersey federal judge overseeing the U.S. Department of Justice's recent iPhone antitrust case against Apple recused himself from the litigation Wednesday, according to a text order posted to the docket reassigning the case. Read full article » <https://www.law360.com/fintech/articles/1824076?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1824076?nl_pk=d2b3e7ef-ab62-4a62-80…>

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DOJ Hits Regeneron With False Claims Act Suit Over Eylea
by Gunnar Larson 11 Apr '24

11 Apr '24

DOJ Hits Regeneron With False Claims Act Suit Over Eylea <https://www.law360.com/governmentcontracts/articles/1824149?nl_pk=4126fe73-…> By Craig Clough The federal government has brought a False Claims Act intervenor complaint in Massachusetts against Regeneron, alleging the pharmaceutical giant fraudulently withheld information from its Medicare reports seeking reimbursement for its drug Eylea, the U.S. Department of Justice announced Wednesday. Complaint attached | Read full article » <https://www.law360.com/governmentcontracts/articles/1824149?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1824149?nl_pk=4126fe73-…>

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Nationwide Injunctions Spike Politicizes Judiciary, Study Says
by Gunnar Larson 11 Apr '24

11 Apr '24

Nationwide Injunctions Spike Politicizes Judiciary, Study Says <https://www.law360.com/fintech/articles/1824114?nl_pk=d2b3e7ef-ab62-4a62-80…> By Hailey Konnath Nationwide injunctions have dramatically increased in recent years, particularly during the Trump administration, a trend that has politicized the judiciary and risks further politicization without reforms, according to a study published in the Harvard Law Review on Wednesday. 1 document attached | Read full article » <https://www.law360.com/fintech/articles/1824114?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1824114?nl_pk=d2b3e7ef-ab62-4a62-80…>

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DeFi Platform Uniswap Discloses SEC Enforcement Notice
by Gunnar Larson 11 Apr '24

11 Apr '24

DeFi Platform Uniswap Discloses SEC Enforcement Notice <https://www.law360.com/fintech/articles/1824099?nl_pk=d2b3e7ef-ab62-4a62-80…> By Aislinn Keely The firm behind decentralized crypto exchange Uniswap said on Wednesday that the U.S. Securities and Exchange Commission had notified the firm that it may soon face an enforcement case. Read full article » <https://www.law360.com/fintech/articles/1824099?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1824099?nl_pk=d2b3e7ef-ab62-4a62-80…>

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States, Wild Cards & Time: Hurdles Facing Privacy Law Push
by Gunnar Larson 11 Apr '24

11 Apr '24

States, Wild Cards & Time: Hurdles Facing Privacy Law Push <https://www.law360.com/compliance/articles/1823603?nl_pk=ab5ce197-c1fb-4d8e…> By Allison Grande Congress has what many experts are calling its best chance to enact a national data privacy framework, after key leaders this week announced a surprising deal on the topic. But several factors could still derail the promising proposal, including influential stakeholders that have yet to weigh in, the upcoming election and the longstanding debate over who should enforce the law. 1 document attached | Read full article » <https://www.law360.com/compliance/articles/1823603?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1823603?nl_pk=ab5ce197-c1fb-4d8e…>

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FBI, GSA Face Criticism Over Response To HQ Site Probe
by Gunnar Larson 11 Apr '24

11 Apr '24

FBI, GSA Face Criticism Over Response To HQ Site Probe <https://www.law360.com/governmentcontracts/articles/1821135?nl_pk=4126fe73-…> By Daniel Wilson Republican lawmakers continued to criticize the FBI and General Services Administration on Wednesday over contentious plans for a new FBI headquarters, citing concerns over the planned site and size of the facility, and the agencies' responses to a related investigation. Read full article » <https://www.law360.com/governmentcontracts/articles/1821135?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1821135?nl_pk=4126fe73-…>

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UC Berkeley Law Dean Defends Ejecting Protester From Home
by Gunnar Larson 11 Apr '24

11 Apr '24

UC Berkeley Law Dean Defends Ejecting Protester From Home <https://www.law360.com/competition/articles/1824187?nl_pk=6416fd97-1dc4-4e0…> By Lauren Berg University of California, Berkeley School of Law Dean Erwin Chemerinsky on Wednesday defended actions he and his wife, Berkeley law professor Catherine Fisk, took to try to stop a Muslim law student's protest at their home during a dinner for graduating students after an online video of the incident went viral. Read full article » <https://www.law360.com/competition/articles/1824187?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1824187?nl_pk=6416fd97-1dc4-4e0…>

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CFO.com Discusses Litigation Investment and Corporate Recovery - Litigation Finance Journal
by Gunnar Larson 11 Apr '24

11 Apr '24

I wrote this article on April 20, 2022. xNY.io - Bank.org finds this helpful: "While firms are raising capital, exploring a merger/acquisition or in the process of going public, CFO.com underscores value in engaging ligation finance tools to maximize valuation." ----- https://litigationfinancejournal.com/cfo-com-discusses-litigation-investmen… Generally accepted accounting principles (GAAP) call for litigation expenses to be accounted for during month/quarter of incurrence. Similarly, GAAP holds future recoveries vacant on the balance sheet until award(s) are recovered, oftentimes years in the future. For companies self funding meritorious litigation, application of GAAP may produce a balance sheet that undervalues the firm’s worth. CFO.com suggests that maneuvering costs off balance sheet via litigation finance products and services is potentially a smart idea. CFO.com reports that with the bespoke nature of litigation investment agreements, chief financial officers are able to arrange scenarios to meet cash flow constraints. Corporate recovery, or affirmative action, can be a useful strategy for companies who develop a portfolio of pursuable claims. According to CFO.com, litigation finance allows firms to effectively boost net income line items on the balance sheet. More importantly, utilization of litigation investment vehicles drive the ability to pursue claims that normally would be avoided due to cost restrictions. While firms are raising capital, exploring a merger/acquisition or in the process of going public, CFO.com underscores value in engaging ligation finance tools to maximize valuation.

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