Investors Fight Robinhood's Bid To End Suit Over $2.1B IPO
By Emilie Ruscoe
Investors in trading and investing app Robinhood have doubled down on
claims that the company misrepresented key financial metrics affecting its
bottom line in the lead-up to its $2.1 billion initial public offering in
July 2021, asking a San Francisco federal judge to deny the company's bid
to see the suit dismissed.
Response attached | Read full article » | Save to favorites »
https://www.law360.com/capitalmarkets/articles/1698453?nl_pk=8da16ff7-f140-…
Musk Says Twitter Investors Can't Prove Manipulation Scheme
By Jeff Montgomery
Elon Musk has urged a California federal judge to jettison a Twitter
stockholder's securities action accusing him of fraud and misstatements in
the erratic buildup to his $44 billion purchase of the social media
juggernaut last year, claiming the case is riddled "top-to-bottom" with
defects.
Memorandum attached | Read full article » | Save to favorites »
https://www.law360.com/mergersacquisitions/articles/1698294?nl_pk=8bba16ad-…
Ex-Amazon Coder Charged With $9M Crypto Exchange Hack
By Rachel Scharf
A former Amazon security engineer was arrested Tuesday on charges that he
stole $9 million from a decentralized cryptocurrency exchange, in what the
Manhattan U.S. attorney's office called the first-ever prosecution of a
hack involving so-called "smart contracts."
Indictment attached | Read full article » | Save to favorites »
https://www.law360.com/newyork/articles/1698302?nl_pk=00e0f28d-575b-4889-8d…
NY Enforcers Warn Of Delay In Ski Operator Antitrust Case
By Matthew Perlman
The Office of the New York State Attorney General has blasted a bid from a
ski operator accused of creating a monopoly over resorts in the Syracuse,
New York, area to push back a discovery deadline, saying that any delay in
the case will come at the expense of consumers.
Response attached | Read full article » | Save to favorites »
https://www.law360.com/newyork/articles/1698203?nl_pk=00e0f28d-575b-4889-8d…
No Immunity For Trump In Carroll's Defamation Suit, DOJ Says
By Lauren Berg
The U.S. Department of Justice backpedaled on its position that former
President Donald Trump has immunity in E. Jean Carroll's defamation suit,
telling a Manhattan federal judge Tuesday it lacks evidence to conclude
Trump was acting within the scope of his duties when he denied sexually
assaulting her.
2 documents attached | Read full article » | Save to favorites »
https://www.law360.com/newyork/articles/1698507?nl_pk=00e0f28d-575b-4889-8d…
Patent Board Agrees To Dig Into More Fintiv Patents
By Andrew Karpan
Apple has persuaded judges on the Patent Trial and Appeal Board to review
two more patents issued to Fintiv that are involved in the Austin,
Texas-based mobile payment startup's case against PayPal.
2 documents attached | Read full article » | Save to favorites »
https://www.law360.com/banking/articles/1698086?nl_pk=99a2a594-20ad-4b2f-a2…
Twitter Is Collecting State Money Transmitter Licenses
By Aislinn Keely
Twitter is gathering money transmitter licenses in what appears to be
groundwork for a payments integration, receiving approvals in four states
since the end of June after initially registering its plans with federal
regulators last year.
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https://www.law360.com/banking/articles/1698251?nl_pk=99a2a594-20ad-4b2f-a2…
10th Circ. Backs Fed Ban Of 2 Bankers In Trade Secrets Case
By Jon Hill
A Tenth Circuit panel ruled Tuesday that the Federal Reserve had
jurisdiction to take enforcement action against two executives of a member
bank in Wyoming for allegedly misappropriating proprietary information from
a previous employer, a nonmember bank overseen by another federal agency.
Opinion attached | Read full article » | Save to favorites »
https://www.law360.com/banking/articles/1698344?nl_pk=99a2a594-20ad-4b2f-a2…
Digital Assets Consultation Offers First Step In Regulation
The recently published International Organization of Securities Commissions
consultation intending to establish coordinated international regulation of
cryptocurrency and digital assets, will benefit and protect retail
investors against financial crime risk, also allowing legitimate market
entrants to distinguish themselves from less scrupulous participants, says
Fred Saugman at WilmerHale.
Read full article »
https://www.law360.co.uk/financial-services-uk/articles/1694041?nl_pk=4fb41…
Pension Trustee Skills Under Spotlight After Bond Crisis
By Joel Poultney
The U.K. government announced on Tuesday it would be probing the skills and
abilities of pension scheme trustees in the wake of the government bond
crisis that rocked markets in 2022.
Read full article » | Save to favorites »
https://www.law360.co.uk/financial-services-uk/articles/1698059?nl_pk=4fb41…
