February 2025 - cypherpunks - lists.cpunks.org

Ex-Goldman Atty Squires Expected To Be Named USPTO Head
by Gunnar Larson 19 Feb '25

19 Feb '25

Ex-Goldman Atty Squires Expected To Be Named USPTO Head <https://www.law360.com/newyork/articles/2299488?nl_pk=b53aa520-5013-4a8d-a5…> By Dani Kass John A. Squires — Goldman Sachs' longtime chief intellectual property counsel, co-founder of Fortress' IP Investment fund and current Dilworth Paxson LLP partner — is expected to be chosen as the Trump administration's nominee for U.S. Patent and Trademark Office director, about a half-dozen sources with knowledge of the agency said Tuesday. Read full article » <https://www.law360.com/newyork/articles/2299488?nl_pk=b53aa520-5013-4a8d-a5…> | Save to favorites » <https://www.law360.com/newyork/articles/2299488?nl_pk=b53aa520-5013-4a8d-a5…>

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At the Alliance for Responsible Citizenship Conference, I emphasized to our 4,000 friends and allies gathered in London that a strong America is good for everyone—and in order to maintain our strength, our foreign policy must be centered on our own national interest. We encourage all our allies to do the same for their own countries. Because survival of the West depends on it. https://www.facebook.com/share/v/14dBhQtsc1/
by Gunnar Larson 19 Feb '25

19 Feb '25

https://www.facebook.com/share/v/14dBhQtsc1/ At the Alliance for Responsible Citizenship Conference, I emphasized to our 4,000 friends and allies gathered in London that a strong America is good for everyone—and in order to maintain our strength, our foreign policy must be centered on our own national interest. We encourage all our allies to do the same for their own countries. Because survival of the West depends on it.

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Barron’s Releases Audio of Jamie Dimon Cursing Out His Workers at a Town Hall, as Dimon Plans to Dump Another One Million JPM Shares
by Gunnar Larson 19 Feb '25

19 Feb '25

https://wallstreetonparade.com/2025/02/barrons-releases-audio-of-jamie-dimo… By Pam Martens and Russ Martens: February 19, 2025 ~ Jamie Dimon Sits in Front of Trading Monitor in his Office (Source -- 60 Minutes Interview, November 10, 2019) Jamie Dimon Sits in Front of Trading Monitor in his Office (Source: 60 Minutes Interview, November 10, 2019) Something is seriously wrong in the House of Dimon – also known as JPMorgan Chase, the largest bank in the United States. Barron’s, part of the Dow Jones Company that publishes the Wall Street Journal, has released an audio of the Chairman and CEO of JPMorgan Chase, Jamie Dimon, dropping F-bombs in a profanity-laced tirade during a Town Hall with his employees last Wednesday. We carefully transcribed a portion of that audio. Dimon said this: “We also had—and you know I’m right about this one—a lot of you on the f***ing Zoom and you were doing the following, okay: looking at your mail; sending texts to each other about what an a**hole the other person is, okay; not paying attention; not reading your stuff, you know. And if you don’t think that slows down efficiency, creativity, creates rudeness — it does. Okay.” Apparently, in Jamie Dimon’s billionaire brain, projectile vomiting a stream of profanities at your employees during the workday is not rude – especially if you are making an average of 366 times their compensation. Dimon continues: “And when I found out that people were doing that—you don’t do that in my goddamn meetings. If you’re going to meet with me, you’ve got my attention, you’ve got my focus. I don’t bring my goddamn phone. I’m not sending texts to people. It simply doesn’t work. And it doesn’t work for creativity. It slows down decision-making. “And don’t give me this sh*t that work-from-home-Friday works. I call a lot of people on Friday, and there’s not a goddamn person you can get ahold of.” Barron’s has delivered a great public service with this audio. It confirms what we have been telling our readers for the past 15 years: Jamie Dimon is not the great statesman of Wall Street. He’s a closet potty mouth running a very dangerous megabank. One of the things that has Dimon so highly agitated is that he is getting pushback, in a very public way, about his mandate for workers to “RTO,” shorthand for Return to Office, and give up their hybrid work arrangements. Workers have set up an online petition to lobby to keep hybrid or WFH (Work from Home) arrangements. They are also posting comments when they sign the petition, raising the possibility that JPMorgan’s internal secrets might spill out. As of this morning, 1,692 workers have signed the petition. According to Reuters, Dimon dismissed the petition with this statement during the Town Hall: “I don’t care how many people sign that f**king petition.” Causing more angst among JPMorgan Chase shareholders is the bank’s recent filing with the Securities and Exchange Commission (see page 2 here), revealing that, for the second year in a row, Dimon and his family plan to sell one million shares of JPMorgan Chase stock. (It is not customary for a long-tenured Chairman and CEO of a company to dump large amounts of shares in the company he heads before he retires.) Dimon and his family cashed out approximately $182.8 million in JPMorgan Chase stock last year. At the current stock price, this year’s haul could add approximately $279 million more to the family’s wealth, bringing the two-year cash out to close to half a billion dollars. The same SEC filing also revealed that the Board of Directors had raised Dimon’s total compensation for 2024 to $39 million from $36 million the prior year. The Board called out the bank’s “fortress balance sheet,” its “fortress principles,” and Dimon’s “longstanding exemplary leadership of a premier financial services firm….” Compare that assessment to the facts on the ground. Under Dimon’s “leadership,” JPMorgan Chase has racked up five felony counts and a rap sheet that resembles a mob operation. The U.S. Department of Justice, instead of reining in the recidivist crime wave, has doled out non-prosecution and deferred-prosecution agreements to the bank for crimes to which it admitted. The bank spent much of 2023 generating scandalous headlines for a decade of funneling tens of thousands of dollars per month, in hard cash, to the international sex trafficker of children, Jeffrey Epstein. (See JPMorgan’s Settlements Reach $365 Million Over Civil Claims It Banked Jeffrey Epstein’s Sex Trafficking of Minors; Criminal Charges Could Lie Ahead.) If you are scratching your head as to why the Board of Directors of JPMorgan Chase hasn’t sacked Dimon and why it chooses to live inside this delusion that the bank has “fortress principles,” you might want to read this.

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Discover Can't Get Judge To Rethink Decision In Risk Case
by Gunnar Larson 19 Feb '25

19 Feb '25

Discover Can't Get Judge To Rethink Decision In Risk Case <https://www.law360.com/newyork/articles/2298556?nl_pk=b53aa520-5013-4a8d-a5…> By Katryna Perera A New York federal judge will not rethink her decision denying Discover a quick win in a lawsuit over whether it and several other credit card companies conspired to dump fraud risk onto retailers, ruling that the suing retailers can continue their claims. Memorandum attached | Read full article » <https://www.law360.com/newyork/articles/2298556?nl_pk=b53aa520-5013-4a8d-a5…> | Save to favorites » <https://www.law360.com/newyork/articles/2298556?nl_pk=b53aa520-5013-4a8d-a5…>

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Stablecoin Firm Gets Securities Claim Cut From Class Action
by Gunnar Larson 19 Feb '25

19 Feb '25

Stablecoin Firm Gets Securities Claim Cut From Class Action <https://www.law360.com/newyork/articles/2299423?nl_pk=b53aa520-5013-4a8d-a5…> By Aislinn Keely A New York federal judge has trimmed the securities claim from a putative class action brought by buyers of GMO-Z.com Trust's GYEN stablecoin who argued they suffered losses when the value of the digital asset temporarily fluctuated, but allowed the bulk of the consumer protection claims to move forward. Order attached | Read full article » <https://www.law360.com/newyork/articles/2299423?nl_pk=b53aa520-5013-4a8d-a5…> | Save to favorites » <https://www.law360.com/newyork/articles/2299423?nl_pk=b53aa520-5013-4a8d-a5…>

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Fwd: Last Chance: Presidents Day reminder
by Gunnar Larson 19 Feb '25

19 Feb '25

---------- Forwarded message --------- From: Reuters <reuters.support(a)thomsonreuters.com> Date: Wed, Feb 19, 2025, 7:12 AM Subject: Last Chance: Presidents Day reminder To: <g(a)xny.io> Trusted news from the source <https://app.assets.reuters.com/e/er?utm_campaign=B2C%20250214%20RCOM%20US%2…> This Presidents Day, celebrate democracy and stay informed with Reuters. We're committed to delivering accurate, unbiased, and up-to-the-minute news - always for just $1/week. *Subscribe today* <https://app.assets.reuters.com/e/er?utm_campaign=B2C%20250214%20RCOM%20US%2…> for immediate access to comprehensive coverage and trusted reporting. Here's what you'll get: - Unlimited Access: Full access to Reuters.com and our news app - In-depth coverage: Real-time updates and analysis from 2,600 journalists worldwide - Unbiased reporting: Clear, factual reporting without opinion - Exclusive content: Deeper insights, interviews, and behind-the-scenes access - Reuters News app: Breaking news and personalized content - Week Ahead Newsletter: Subscribers-only insights from Editor-in-Chief Alessandra Galloni on upcoming news events. From historic moments to everyday events, Reuters covers every angle of the most important stories. *Subscribe now* <https://app.assets.reuters.com/e/er?utm_campaign=B2C%20250214%20RCOM%20US%2…> for $1/week and witness history as it unfolds. This email was sent to g(a)xny.io. *Manage your communication preferences here <https://go.reuters.com/preference-center?utm_campaign=B2C%20250214%20RCOM%2…>.* Thomson Reuters, 3 Times Square, New York, NY 10036, USA © 2024 Thomson Reuters. All rights reserved.

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NY High Court Upholds Ethics Commission In Cuomo Case
by Gunnar Larson 19 Feb '25

19 Feb '25

NY High Court Upholds Ethics Commission In Cuomo Case <https://www.law360.com/newyork/articles/2299153?nl_pk=b53aa520-5013-4a8d-a5…> By Emily Sawicki New York's highest court on Tuesday affirmed the constitutionality of the state's recently revamped ethics commission in an order reversing a lower court ruling that sided with embattled former Gov. Andrew Cuomo amid an investigation related to his use of government employees to help him publish and promote a book. Decision attached | Read full article » <https://www.law360.com/newyork/articles/2299153?nl_pk=b53aa520-5013-4a8d-a5…> | Save to favorites » <https://www.law360.com/newyork/articles/2299153?nl_pk=b53aa520-5013-4a8d-a5…>

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Adams, Feds Ordered To Explain Dismissal Bid At Hearing
by Gunnar Larson 19 Feb '25

19 Feb '25

Adams, Feds Ordered To Explain Dismissal Bid At Hearing <https://www.law360.com/newyork/articles/2299139?nl_pk=b53aa520-5013-4a8d-a5…> By Frank G. Runyeon A Manhattan federal judge demanded details Tuesday and scheduled a hearing after the Justice Department asked to dismiss criminal charges against New York City Mayor Eric Adams, signaling that the court would not rubber-stamp the request following allegations of a corrupt bargain and mass resignations of prosecutors in protest. 5 documents attached | Read full article » <https://www.law360.com/newyork/articles/2299139?nl_pk=b53aa520-5013-4a8d-a5…> | Save to favorites » <https://www.law360.com/newyork/articles/2299139?nl_pk=b53aa520-5013-4a8d-a5…>

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Compliance Boss Took $9M In Clients, Investment Firm Says
by Gunnar Larson 19 Feb '25

19 Feb '25

Compliance Boss Took $9M In Clients, Investment Firm Says <https://www.law360.com/compliance/articles/2299398?nl_pk=7f7472c8-af4a-4299…> By Aaron Keller A Connecticut investment firm with $360 million in assets under management says its former chief compliance officer violated trade secrets and computer fraud laws by taking eight clients worth $9.3 million and secretly joining a competitor, all despite bearing responsibility for his now-former firm's data confidentiality measures. 2 documents attached | Read full article » <https://www.law360.com/compliance/articles/2299398?nl_pk=7f7472c8-af4a-4299…> | Save to favorites » <https://www.law360.com/compliance/articles/2299398?nl_pk=7f7472c8-af4a-4299…>

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Wells Fargo Fights Class Cert. Bid In 'Sham' Hiring Case
by Gunnar Larson 19 Feb '25

19 Feb '25

Wells Fargo Fights Class Cert. Bid In 'Sham' Hiring Case <https://www.law360.com/compliance/articles/2299378?nl_pk=7f7472c8-af4a-4299…> By Jessica Corso Wells Fargo & Co. is seeking to avoid class claims in a lawsuit accusing it of deceiving investors about its hiring practices, arguing that suing shareholders have not shown how a downturn in the bank's stock price was caused by the supposedly "sham" job interviews rather than a challenging interest rate environment. Brief attached | Read full article » <https://www.law360.com/compliance/articles/2299378?nl_pk=7f7472c8-af4a-4299…> | Save to favorites » <https://www.law360.com/compliance/articles/2299378?nl_pk=7f7472c8-af4a-4299…>

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