January 2025 - cypherpunks - lists.cpunks.org

General Atomics Asks Musk Team To Reform Arms Acquisitions
by Gunnar Larson 31 Jan '25

31 Jan '25

General Atomics Asks Musk Team To Reform Arms Acquisitions <https://www.law360.com/governmentcontracts/articles/2289420?nl_pk=0fbf612f-…> By Gina Kim General Atomics Aeronautical Systems Inc.'s CEO published an open letter Monday to the U.S. Department of Government Efficiency, urging leader Elon Musk to refine the defense acquisition processes to bolster global security, making it the second letter sent to the newly created agency by a defense contractor proposing suggestions on reducing bureaucracy. Read full article » <https://www.law360.com/governmentcontracts/articles/2289420?nl_pk=0fbf612f-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/2289420?nl_pk=0fbf612f-…>

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UnitedHealth Raises Cyberattack Estimate To 190M Individuals
by Gunnar Larson 31 Jan '25

31 Jan '25

UnitedHealth Raises Cyberattack Estimate To 190M Individuals <https://www.law360.com/health/articles/2289461?nl_pk=0f5983ea-0173-4e74-85e…> By Allison Grande A debilitating cyberattack last year that sabotaged vital billing and prescribing services operated by a UnitedHealth Group unit affected personal information belonging to roughly 190 million individuals, the health insurer disclosed Friday, nearly doubling its previous estimate of the scope of the incident. Read full article » <https://www.law360.com/health/articles/2289461?nl_pk=0f5983ea-0173-4e74-85e…> | Save to favorites » <https://www.law360.com/health/articles/2289461?nl_pk=0f5983ea-0173-4e74-85e…>

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Judge Tosses Bias Suit Over Deadlines, AI-Generated Filings
by Gunnar Larson 31 Jan '25

31 Jan '25

Judge Tosses Bias Suit Over Deadlines, AI-Generated Filings <https://www.law360.com/fintech/articles/2288912?nl_pk=31322029-63eb-4d40-ac…> By Matt Perez A D.C. federal judge has dismissed the remaining age-discrimination claim in a lawsuit filed by former D.C. Department of Public Works employees after the remaining plaintiff failed to comply with discovery deadlines and submitted filings with inaccurate citations, further raising concerns about the use of AI-generated content. Memorandum attached | Read full article » <https://www.law360.com/fintech/articles/2288912?nl_pk=31322029-63eb-4d40-ac…> | Save to favorites » <https://www.law360.com/fintech/articles/2288912?nl_pk=31322029-63eb-4d40-ac…>

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QXO Goes Hostile With $11B Beacon Roofing Takeover Bid
by Gunnar Larson 31 Jan '25

31 Jan '25

QXO Goes Hostile With $11B Beacon Roofing Takeover Bid <https://www.law360.com/mergersacquisitions/articles/2289130?nl_pk=34b724c6-…> By Jade Martinez-Pogue QXO Inc. on Monday lobbed a hostile takeover bid at Beacon Roofing Supply Inc., which previously rejected its acquisition proposal, announcing plans to launch an all-cash tender offer to purchase Beacon's remaining outstanding shares in a roughly $11 billion deal. Read full article » <https://www.law360.com/mergersacquisitions/articles/2289130?nl_pk=34b724c6-…> | Save to favorites » <https://www.law360.com/mergersacquisitions/articles/2289130?nl_pk=34b724c6-…>

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Investor Accuses 'Chicken Soup' Parent Of Mismanagement
by Gunnar Larson 31 Jan '25

31 Jan '25

Investor Accuses 'Chicken Soup' Parent Of Mismanagement <https://www.law360.com/delaware/articles/2289422?nl_pk=9f0ef0c6-df48-47ce-8…> By Yun Park A corporate investor in Chicken Soup for the Soul Holdings LLC has accused the publishing company, which has released popular self-help books for decades, of mismanagement leading up to a subsidiary's Chapter 7 liquidation, saying the company didn't provide proper financial information requested by the investor. Complaint attached | Read full article » <https://www.law360.com/delaware/articles/2289422?nl_pk=9f0ef0c6-df48-47ce-8…> | Save to favorites » <https://www.law360.com/delaware/articles/2289422?nl_pk=9f0ef0c6-df48-47ce-8…>

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Virtu, Insiders Sued In Del. Over Stock Buybacks
by Gunnar Larson 31 Jan '25

31 Jan '25

Virtu, Insiders Sued In Del. Over Stock Buybacks <https://www.law360.com/delaware/articles/2289455?nl_pk=9f0ef0c6-df48-47ce-8…> By Katryna Perera Stockholders of Virtu Inc. have sued the global financial services venture's top brass in Delaware's Court of Chancery, alleging they diverted roughly $400 million from public stockholders through share repurchases that took advantage of the company's two-tiered corporate structure. Complaint attached | Read full article » <https://www.law360.com/delaware/articles/2289455?nl_pk=9f0ef0c6-df48-47ce-8…> | Save to favorites » <https://www.law360.com/delaware/articles/2289455?nl_pk=9f0ef0c6-df48-47ce-8…>

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Chancery Orders Tech Co. Trust Dissolved, Sanctions Trustee
by Gunnar Larson 31 Jan '25

31 Jan '25

Chancery Orders Tech Co. Trust Dissolved, Sanctions Trustee <https://www.law360.com/delaware/articles/2289541?nl_pk=9f0ef0c6-df48-47ce-8…> By Jeff Montgomery Citing a trustee's repeated, improper attempts to transfer interests now held in a statutory trust formed to hold an Idaho tech company's shares, a Delaware vice chancellor on Monday ordered the trust dissolved and the trustee barred from managing any other trust or entity holding the company's stock. Opinion attached | Read full article » <https://www.law360.com/delaware/articles/2289541?nl_pk=9f0ef0c6-df48-47ce-8…> | Save to favorites » <https://www.law360.com/delaware/articles/2289541?nl_pk=9f0ef0c6-df48-47ce-8…>

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Judge Refuses To Stop Amazon Data Suit In Ill. State Court
by Gunnar Larson 31 Jan '25

31 Jan '25

Judge Refuses To Stop Amazon Data Suit In Ill. State Court <https://www.law360.com/delaware/articles/2289534?nl_pk=9f0ef0c6-df48-47ce-8…> By Greg Lamm A Delaware federal judge refused on Monday to block a lawsuit in Illinois state court accusing Amazon Web Services of illegally collecting voice data, saying the Illinois privacy case involves different claims and parties than the federal case, which was dismissed because some plaintiffs lacked standing. Opinion attached | Read full article » <https://www.law360.com/delaware/articles/2289534?nl_pk=9f0ef0c6-df48-47ce-8…> | Save to favorites » <https://www.law360.com/delaware/articles/2289534?nl_pk=9f0ef0c6-df48-47ce-8…>

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AIG Unit Says No Coverage For McKinsey Opioid Suits, Deals
by Gunnar Larson 31 Jan '25

31 Jan '25

AIG Unit Says No Coverage For McKinsey Opioid Suits, Deals <https://www.law360.com/delaware/articles/2288890?nl_pk=9f0ef0c6-df48-47ce-8…> By Ganesh Setty Management consulting giant McKinsey & Co. shouldn't have any coverage for more than 250 opioid lawsuits and roughly $1.3 billion it's paid in corresponding settlement payments to date, an AIG unit told a Delaware state court, arguing the underlying claimants have accused McKinsey of uninsurable "deliberate misconduct and greed." 1 document attached | Read full article » <https://www.law360.com/delaware/articles/2288890?nl_pk=9f0ef0c6-df48-47ce-8…> | Save to favorites » <https://www.law360.com/delaware/articles/2288890?nl_pk=9f0ef0c6-df48-47ce-8…>

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Twitter Investor Can't Recoup Stock Sale Loss, Musk Atty Says
by Gunnar Larson 31 Jan '25

31 Jan '25

Twitter Investor Can't Recoup Stock Sale Loss, Musk Atty Says <https://www.law360.com/delaware/articles/2289003?nl_pk=9f0ef0c6-df48-47ce-8…> By Jeff Montgomery An attorney for Elon Musk and Twitter successor X Corp. argued on Monday that seller's remorse prompted a former investor in the social media giant to launch an unsupportable, pro se lawsuit in Delaware's Court of Chancery to recover losses from his premature sale of the taken-private company's stock. 5 documents attached | Read full article » <https://www.law360.com/delaware/articles/2289003?nl_pk=9f0ef0c6-df48-47ce-8…> | Save to favorites » <https://www.law360.com/delaware/articles/2289003?nl_pk=9f0ef0c6-df48-47ce-8…>

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