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X Corp. Fails To Toss Data Breach Suit
by Gunnar Larson 21 Dec '24

21 Dec '24

X Corp. Fails To Toss Data Breach Suit <https://www.law360.com/cybersecurity-privacy/articles/2275997?nl_pk=3dfd2fd…> By Rae Ann Varona A California federal judge has refused to toss a twice-amended putative class action accusing X Corp. of failing to protect over 200 million users' personal information but tossed a breach of contract claim, saying users couldn't lean on the social media company's blog posts to allege X broke express security promises. Order attached | Read full article » <https://www.law360.com/cybersecurity-privacy/articles/2275997?nl_pk=3dfd2fd…> | Save to favorites » <https://www.law360.com/cybersecurity-privacy/articles/2275997?nl_pk=3dfd2fd…>

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Judge Says Investing Firm Owes Marketer $330K, Not $10M
by Gunnar Larson 21 Dec '24

21 Dec '24

Judge Says Investing Firm Owes Marketer $330K, Not $10M <https://www.law360.com/banking/articles/2275903?nl_pk=feb6bbba-7878-4d39-be…> By Ryan Harroff Following a four-day bench trial, a Colorado federal judge has ruled a marketing company is entitled to $331,000 in damages from an investment advisory firm that shorted it on commission for consulting services, but rejected the $10 million liability the marketer asserted in the nearly decade-old litigation. 1 document attached | Read full article » <https://www.law360.com/banking/articles/2275903?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/2275903?nl_pk=feb6bbba-7878-4d39-be…>

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$18M TransUnion Loss 'Riddled With Defects,' 6th Circ. Says
by Gunnar Larson 21 Dec '24

21 Dec '24

$18M TransUnion Loss 'Riddled With Defects,' 6th Circ. Says <https://www.law360.com/fintech/articles/2276237?nl_pk=d2b3e7ef-ab62-4a62-80…> By Carolyn Muyskens The Sixth Circuit said Wednesday that a jury's $18.3 million award in a dustup over intellectual property related to an online insurance quote marketplace was based on damages evidence that was sorely lacking, affirming that TransUnion is off the hook. Opinion attached | Read full article » <https://www.law360.com/fintech/articles/2276237?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/2276237?nl_pk=d2b3e7ef-ab62-4a62-80…>

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CFTC Urges 7th Circ. To Uphold $231M Crypto 'Ponzi' Penalty
by Gunnar Larson 21 Dec '24

21 Dec '24

CFTC Urges 7th Circ. To Uphold $231M Crypto 'Ponzi' Penalty <https://www.law360.com/fintech/articles/2276184?nl_pk=d2b3e7ef-ab62-4a62-80…> By Jessica Corso The U.S. Commodity Futures Trading Commission has urged the Seventh Circuit to uphold a $231.5 million judgment against a man they say ran a cryptocurrency Ponzi scheme, arguing it is "undisputed" that the agency has authority to regulate the trading of bitcoin and ether. Memorandum attached | Read full article » <https://www.law360.com/fintech/articles/2276184?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/2276184?nl_pk=d2b3e7ef-ab62-4a62-80…>

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New Jersey Power Broker Says RICO Case Isn't Fit For Jury
by Gunnar Larson 21 Dec '24

21 Dec '24

New Jersey Power Broker Says RICO Case Isn't Fit For Jury <https://www.law360.com/legalethics/articles/2276292?nl_pk=153d4a8a-6fb9-4a5…> By George Woolston Defendants dubbed the "Norcross Enterprise" are fighting back against New Jersey Attorney General Matthew Platkin's assertion that their bid to toss a criminal indictment accusing them of engaging in a sprawling racketeering scheme is out of place, claiming the state misunderstands the roles of judge and jury. Brief attached | Read full article » <https://www.law360.com/legalethics/articles/2276292?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/2276292?nl_pk=153d4a8a-6fb9-4a5…>

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Another Dispute Over Michael Avenatti's Jet Flies Into Court
by Gunnar Larson 21 Dec '24

21 Dec '24

Another Dispute Over Michael Avenatti's Jet Flies Into Court <https://www.law360.com/legalethics/articles/2275996?nl_pk=153d4a8a-6fb9-4a5…> By Lauren Berg A California law firm is going after the incarcerated Michael Avenatti and others to get its hands on proceeds from the sale of a private jet the onetime attorney for Stormy Daniels purchased with money he stole from clients in the latest legal action over the seized plane. Read full article » <https://www.law360.com/legalethics/articles/2275996?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/2275996?nl_pk=153d4a8a-6fb9-4a5…>

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Fani Willis DQ'd From Trump's Georgia Prosecution
by Gunnar Larson 21 Dec '24

21 Dec '24

Fani Willis DQ'd From Trump's Georgia Prosecution <https://www.law360.com/legalethics/articles/2276219?nl_pk=153d4a8a-6fb9-4a5…> By Chart Riggall Fulton County District Attorney Fani Willis was disqualified Thursday from the prosecution of Donald Trump's Georgia election interference case, as a split state appellate court found that "no other remedy" was enough to scrub away what a trial court had previously called an "odor of mendacity" about the prosecution. Decision attached | Read full article » <https://www.law360.com/legalethics/articles/2276219?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/2276219?nl_pk=153d4a8a-6fb9-4a5…>

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Musk Pay Fight Shows Investor Approval Isn't Universal Cure
by Gunnar Larson 21 Dec '24

21 Dec '24

Musk Pay Fight Shows Investor Approval Isn't Universal Cure <https://www.law360.com/capitalmarkets/articles/2275923?nl_pk=abe82add-2a33-…> The Delaware Court of Chancery's recent denial of a motion revising its prior rescission of Elon Musk's nearly $56 billion compensation package is a reminder of the heightened standard corporate boards must meet in conflicted controller transactions and that stockholder approval doesn't automatically cure fiduciary wrongdoing, say attorneys at A&O Shearman. Decision attached | Read full article » <https://www.law360.com/capitalmarkets/articles/2275923?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/2275923?nl_pk=abe82add-2a33-…>

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Atkins-Tied Crypto Group Lays Out Its Priorities For New SEC
by Gunnar Larson 21 Dec '24

21 Dec '24

Atkins-Tied Crypto Group Lays Out Its Priorities For New SEC <https://www.law360.com/capitalmarkets/articles/2276355?nl_pk=abe82add-2a33-…> By Aislinn Keely Crypto industry group The Digital Chamber, which counts U.S. Securities and Exchange Commission chair nominee Paul Atkins as an advisory board member, has urged the Wall Street regulator to "reset its historically troubled relationship" with the crypto industry by rolling back certain rule proposals and resolving non-fraud suits against crypto firms soon after President-elect Donald Trump takes office next year. Report attached | Read full article » <https://www.law360.com/capitalmarkets/articles/2276355?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/2276355?nl_pk=abe82add-2a33-…>

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Compliance Lessons From Raytheon's FCPA Settlement
by Gunnar Larson 21 Dec '24

21 Dec '24

Compliance Lessons From Raytheon's FCPA Settlement <https://www.law360.com/newyork/articles/2275899?nl_pk=ac5a3855-e47c-4403-be…> A recent Foreign Corrupt Practices Act action involving aerospace and defense company Raytheon underscores the importance of risk management related to retaining and overseeing third parties — especially in higher-risk jurisdictions — and the promotion of a companywide culture of compliance, say attorneys at Debevoise. 4 documents attached | Read full article » <https://www.law360.com/newyork/articles/2275899?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/2275899?nl_pk=ac5a3855-e47c-4403-be…>

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