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American Airlines Sued Over Loyalty Account Closures
by Gunnar Larson 31 Jan '24

31 Jan '24

American Airlines Sued Over Loyalty Account Closures <https://www.law360.com/banking/articles/1791665?nl_pk=feb6bbba-7878-4d39-be…> By Emilie Ruscoe American Airlines Inc. faces a proposed class action in federal court brought by members of its loyalty program accusing the company of improperly closing certain members' accounts and wiping out their accrued airline miles. Complaint attached | Read full article » <https://www.law360.com/banking/articles/1791665?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1791665?nl_pk=feb6bbba-7878-4d39-be…>

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SEC Will Not Rethink 'Gag Rule' On Settlements
by Gunnar Larson 31 Jan '24

31 Jan '24

SEC Will Not Rethink 'Gag Rule' On Settlements <https://www.law360.com/banking/articles/1791757?nl_pk=feb6bbba-7878-4d39-be…> By Jessica Corso The U.S. Securities and Exchange Commission will not rethink its longstanding policy prohibiting defendants from publicly denying the agency's accusations against them, saying Tuesday that revoking the so-called gag rule would undermine public confidence in the markets by allowing alleged wrongdoers to publicly cast doubt on the commission's actions. Letter attached | Read full article » <https://www.law360.com/banking/articles/1791757?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1791757?nl_pk=feb6bbba-7878-4d39-be…>

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Global Anti-Corruption Fight Is Fizzling, Study Says
by Gunnar Larson 31 Jan '24

31 Jan '24

Global Anti-Corruption Fight Is Fizzling, Study Says <https://www.law360.com/banking/articles/1790718?nl_pk=feb6bbba-7878-4d39-be…> By Phillip Bantz Efforts to combat corruption in the public sector have stalled in the U.S. and globally while some developed countries, including the United Kingdom and Iceland, appear to be drifting backward, according to an annual study released Tuesday. Read full article » <https://www.law360.com/banking/articles/1790718?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1790718?nl_pk=feb6bbba-7878-4d39-be…>

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Justices Urged To Review Nix Of FCA Sanction Evasion Suit
by Gunnar Larson 31 Jan '24

31 Jan '24

Justices Urged To Review Nix Of FCA Sanction Evasion Suit <https://www.law360.com/banking/articles/1791503?nl_pk=feb6bbba-7878-4d39-be…> By Rae Ann Varona A Wyoming company urged the U.S. Supreme Court to look into whether lower courts and the U.S. Department of Justice unlawfully snubbed its allegations that London's Standard Chartered Bank cleared roughly $56 billion in violation of U.S. sanctions targeting Iran. Petition attached | Read full article » <https://www.law360.com/banking/articles/1791503?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1791503?nl_pk=feb6bbba-7878-4d39-be…>

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NY Sues Citi Over Fraud Protection, Reimbursement Practices
by Gunnar Larson 31 Jan '24

31 Jan '24

NY Sues Citi Over Fraud Protection, Reimbursement Practices <https://www.law360.com/banking/articles/1791649?nl_pk=feb6bbba-7878-4d39-be…> By Jon Hill New York's attorney general on Tuesday sued Citibank NA in federal court over claims that the banking giant lacks sufficiently strong online security measures to protect customers against scammers and has unlawfully refused to reimburse them for fraud losses. Complaint attached | Read full article » <https://www.law360.com/banking/articles/1791649?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1791649?nl_pk=feb6bbba-7878-4d39-be…>

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New SDNY Whistleblower Program May Be A Game-Changer
by Gunnar Larson 31 Jan '24

31 Jan '24

New SDNY Whistleblower Program May Be A Game-Changer <https://www.law360.com/competition/articles/1790694?nl_pk=6416fd97-1dc4-4e0…> A new pilot program in the U.S. Attorney’s Office for the Southern District of New York promises to immunize from prosecution certain individuals who blow the whistle on financial crimes and corruption, and if similar self-disclosure programs are any indication, this significant new policy may measurably increase white collar investigations, say attorneys at Paul Hastings. 1 document attached | Read full article » <https://www.law360.com/competition/articles/1790694?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1790694?nl_pk=6416fd97-1dc4-4e0…>

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BT Says 'Flawed' £1.3B Unfair Pricing Claim Ignores Case Law
by Gunnar Larson 31 Jan '24

31 Jan '24

BT Says 'Flawed' £1.3B Unfair Pricing Claim Ignores Case Law <https://www.law360.com/competition/articles/1791570?nl_pk=6416fd97-1dc4-4e0…> By Joanne Faulkner Telecoms operator BT argued at the U.K. antitrust tribunal on Tuesday that a £1.3 billion ($1.7 billion) class action accusing the company of excessive and unfair pricing is "profoundly flawed and ignores the basic principles" of competition case law. Read full article » <https://www.law360.com/competition/articles/1791570?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1791570?nl_pk=6416fd97-1dc4-4e0…>

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EU Tire Cartel Probe Targets Michelin, Continental
by Gunnar Larson 31 Jan '24

31 Jan '24

EU Tire Cartel Probe Targets Michelin, Continental <https://www.law360.com/competition/articles/1791624?nl_pk=6416fd97-1dc4-4e0…> By Matthew Perlman European antitrust enforcers are conducting unannounced inspections at several tire companies, including Michelin, Continental, Goodyear and Nokian Tyres, as part of an investigation into suspected price coordination in the sector. Read full article » <https://www.law360.com/competition/articles/1791624?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1791624?nl_pk=6416fd97-1dc4-4e0…>

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Explorer 1 Overview - NASA - January 31, 1958
by Gunnar Larson 31 Jan '24

31 Jan '24

Today xNY.io - Bank.org celebrates Explorer 1 ---- https://www.nasa.gov/history/explorer-1-overview/ Explorer 1 was the first satellite launched by the United States when it was sent into space on January 31, 1958. Following the launch of the Soviet Union’s Sputnik 1 on October 4, 1957, the U.S. Army Ballistic Missile Agency was directed to launch a satellite using its Jupiter C rocket developed under the direction of Dr. Wernher von Braun. The Jet Propulsion Laboratory received the assignment to design, build and operate the artificial satellite that would serve as the rocket’s payload. JPL completed this job in less than three months. The primary science instrument on Explorer 1 was a cosmic ray detector designed to measure the radiation environment in Earth orbit. Once in space this experiment, provided by Dr. James Van Allen of the University of Iowa, revealed a much lower cosmic ray count than expected. Van Allen theorized that the instrument may have been saturated by very strong radiation from a belt of charged particles trapped in space by Earth’s magnetic field. The existence of these radiation belts was confirmed by another U.S. satellite launched two months later, and they became known as the Van Allen Belts in honor of their discoverer.

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PayPal to Cut Around 2,500 Jobs as Rivals Snag Market Share
by Gunnar Larson 31 Jan '24

31 Jan '24

PayPal to Cut Around 2,500 Jobs as Rivals Snag Market Share https://www.bloomberg.com/news/articles/2024-01-30/paypal-to-cut-around-2-5… PayPal Holdings Inc. will reduce its workforce by about 9% this year as Chief Executive Officer Alex Chriss, who took over in September, grapples with rising competition, profit pressures and a raft of analyst downgrades.

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