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Fulton County Tries To Chop Court Staffer's Harassment Suit
by Gunnar Larson 11 Sep '24

11 Sep '24

Fulton County Tries To Chop Court Staffer's Harassment Suit <https://www.law360.com/legalethics/articles/1877995?nl_pk=153d4a8a-6fb9-4a5…> By Law360 Staff A Georgia county this week fired back against a former courts employee's claims she was disciplined, passed over for promotion and threatened with a longer commute for speaking out about a supervisor's sexual abuse, contending her lawsuit is missing key supporting facts. 1 document attached | Read full article » <https://www.law360.com/legalethics/articles/1877995?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/1877995?nl_pk=153d4a8a-6fb9-4a5…>

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SEC Files New Insider Case Tied To Stolen Covington Info
by Gunnar Larson 11 Sep '24

11 Sep '24

SEC Files New Insider Case Tied To Stolen Covington Info <https://www.law360.com/legalethics/articles/1878310?nl_pk=153d4a8a-6fb9-4a5…> By Law360 Staff The U.S. Securities and Exchange Commission on Tuesday brought a new insider trading case tied to the theft of confidential merger information from a Covington & Burling LLP lawyer, suing the cousin of a former FBI trainee who was sentenced to prison for filching the Merck & Co. deal info at the heart of the case and then tipping off others. Complaint attached | Read full article » <https://www.law360.com/legalethics/articles/1878310?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/1878310?nl_pk=153d4a8a-6fb9-4a5…>

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Top EU Court Upholds €2.4B Google Shopping Fine
by Gunnar Larson 11 Sep '24

11 Sep '24

Top EU Court Upholds €2.4B Google Shopping Fine <https://www.law360.com/compliance/articles/1877957?nl_pk=ab5ce197-c1fb-4d8e…> By Matthew Perlman The European Court of Justice rejected an appeal from Google on Tuesday challenging a €2.4 billion ($2.7 billion) fine for steering users toward its own comparison shopping service, as the tech giant faces mounting pressure from antitrust enforcers at home and abroad. Read full article » <https://www.law360.com/compliance/articles/1877957?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1877957?nl_pk=ab5ce197-c1fb-4d8e…>

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SEC Files New Insider Case Tied To Stolen Covington Info
by Gunnar Larson 11 Sep '24

11 Sep '24

SEC Files New Insider Case Tied To Stolen Covington Info <https://www.law360.com/competition/articles/1878310?nl_pk=6416fd97-1dc4-4e0…> By Law360 Staff The U.S. Securities and Exchange Commission on Tuesday brought a new insider trading case tied to the theft of confidential merger information from a Covington & Burling LLP lawyer, suing the cousin of a former FBI trainee who was sentenced to prison for filching the Merck & Co. deal info at the heart of the case and then tipping off others. Complaint attached | Read full article » <https://www.law360.com/competition/articles/1878310?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1878310?nl_pk=6416fd97-1dc4-4e0…>

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Crypto-Biz Loses 'Mara' TM Over Virtual Coin Services
by Gunnar Larson 11 Sep '24

11 Sep '24

Crypto-Biz Loses 'Mara' TM Over Virtual Coin Services <https://www.law360.co.uk/financial-services-uk/articles/1876666?nl_pk=a94fc…> By Hanna Vioque British officials have partially pulled the plug on an African technology company's trademark for "Mara," ruling that a rival business had already cornered the virtual coin market with a similar-looking name. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1876666?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1876666?nl_pk=a94fc…>

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Ex-Barclays VP Loses Bid To Retry Lost Promotion Claim
by Gunnar Larson 11 Sep '24

11 Sep '24

Ex-Barclays VP Loses Bid To Retry Lost Promotion Claim <https://www.law360.co.uk/financial-services-uk/articles/1878109?nl_pk=a94fc…> By Adele Redmond An attempt by a former Barclays vice president to revive her claim that she faced racial discrimination during a promotion round has failed, as an employment tribunal ruled that she was merely trying to "have another bite at the cherry." Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1878109?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1878109?nl_pk=a94fc…>

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Investors Sue Broker For Assisting $129M Forex Fraud
by Gunnar Larson 11 Sep '24

11 Sep '24

Investors Sue Broker For Assisting $129M Forex Fraud <https://www.law360.co.uk/financial-services-uk/articles/1874946?nl_pk=a94fc…> By Eddie Beaver A group of investors who lost tens of millions of dollars in a fraudulent foreign exchange scheme have sued a London broker for approximately $43 million for allegedly providing credit for the company to trade through brokerage accounts which perpetuated the fraud. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1874946?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1874946?nl_pk=a94fc…>

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Fwd: FBI Publishes 2023 Cryptocurrency Fraud Report
by Gunnar Larson 11 Sep '24

11 Sep '24

---------- Forwarded message --------- From: FBI <fbi(a)subscriptions.fbi.gov> Date: Tue, Sep 10, 2024, 5:50 PM Subject: FBI Publishes 2023 Cryptocurrency Fraud Report To: <g(a)xny.io> * National Press Releases * FBI Publishes 2023 Cryptocurrency Fraud Report The FBI on September 9 released its Cryptocurrency Fraud Report for 2023. In 2023, the FBI’s Internet Crime Complaint Center received more than 69,000 complaints from the public regarding cyber-enabled crime and financial fraud involving the use of cryptocurrency, with over $5.6 billion in reported losses. Sept. 9, 2024 Full Press Release <https://www.fbi.gov/news/press-releases/fbi-publishes-2023-cryptocurrency-f…> ------------------------------ <https://www.facebook.com/FBI> <https://twitter.com/FBI> <https://www.youtube.com/user/FBI> <https://www.fbi.gov/e-mail-updates?utm_campaign=email-Immediate&utm_medium=…> * You have received this message because you are subscribed to one or more of the following categories: National Press Releases * Manage Subscription <https://delivery.fbi.gov/account-reminder> | Unsubscribe <https://delivery.fbi.gov/subscriber/c57956fe9830b3f02d21fe7a2581942df706f0b…> If you have questions about this service, email us at delivery(a)subscriptions.fbi.gov. Help <https://www.fbi.gov/e-mail-updates?utm_campaign=email-Immediate&utm_medium=…> | Privacy Policy <http://www.fbi.gov/privacy_policy?utm_campaign=email-Immediate&utm_medium=e…> | Visit FBI.gov <https://www.fbi.gov/?utm_campaign=email-Immediate&utm_medium=email&utm_sour…>

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Intel, Boeing and U.S. Steel May Hold the Secrets to What’s Behind All the Talk of a U.S. Sovereign Wealth Fund
by Gunnar Larson 10 Sep '24

10 Sep '24

https://wallstreetonparade.com/2024/09/intel-boeing-and-u-s-steel-may-hold-… By Pam Martens and Russ Martens: September 10, 2024 ~ Both Bloomberg News and the Wall Street Journal have now reported that it’s not just presidential candidate Donald Trump that is proposing a U.S. Sovereign Wealth Fund, but that President Joe Biden’s administration is also exploring the idea. The Wall Street Journal reported as follows on the Biden plan late Sunday night: “It isn’t clear how far the White House plan, overseen by national security adviser Jake Sullivan and his deputy Daleep Singh, is from completion, or whether Vice President Kamala Harris, the Democratic presidential candidate, supports it. A Harris spokesman didn’t respond to a request for comment.” The advisor on Trump’s plan for a U.S. Sovereign Wealth Fund is John Paulson – a hedge fund billionaire not particularly known for putting the national security interests of America ahead of his own greed. (See our reporting yesterday for background on Paulson’s shorting of the U.S. housing market, becoming a billionaire as millions of families lost their homes to foreclosure in the worst financial crisis since the Great Depression.) The advisor on Biden’s plan – as reported by both the Wall Street Journal and Bloomberg News – is the National Security Advisor Jake Sullivan. For the National Security Advisor to be investigating putting more government money into businesses engaged in critical national security areas, means there are very serious problems that market forces on Wall Street are failing to address. Investors on Wall Street want to see ongoing proof of profits, rather than engage in patient long-term investing to ensure the national security of the United States. Three such problems come to mind immediately: Intel, Boeing and U.S. Steel. As the chart above indicates, in less than nine months, Intel has lost 60 percent of its market value; Boeing has lost almost 40 percent; and U.S. Steel has lost over 30 percent. All three companies play key roles in U.S. national security. Let’s start with Intel. It was just six months ago that President Biden announced that “the Department of Commerce has reached a preliminary agreement with Intel to provide up to $8.5 billion in direct funding along with $11 billion in loans under the CHIPS and Science Act. The announcement will support the construction and expansion of Intel facilities in Arizona, Ohio, New Mexico, and Oregon, creating nearly 30,000 jobs and supporting tens of thousands of indirect jobs.” The support to Intel wasn’t just to create jobs. The White House statement explained that “Semiconductors were invented in America and power everything from cell phones to electric vehicles, refrigerators, satellites, defense systems, and more. But today, the United States produces less than 10 percent of the world’s chips and none of the most advanced ones.” Biden said his goal was to “produce roughly 20 percent of the world’s leading-edge chips by the end of this decade.” Now Intel’s future is looking wobbly with Moody’s downgrading its debt on August 8 and its share price in freefall. Then there is Boeing – which seems to be hellbent on sabotaging its once great reputation. CNN Senior Business Reporter Chris Isidore summed up Boeing’s problems like this eight days ago, while reporting that 32,000 workers at Boeing may go on strike later this month: “It’s just the latest in a series of serious and high-profile problems at a company that has dealt with fatal crashes traced to a design flaw in its best-selling jet, accusations that it put profits and production speed ahead of quality and safety, tanking aircraft sales, an agreement to plead guilty to criminal charges that it deceived regulators, and massive financial losses covered by soaring levels of debt.” Boeing’s website trumpets its contribution to U.S. national security, writing that “Defense, Space & Security is one of The Boeing Company’s three business units. One of the world’s largest defense and space contractors, BDS is a global leader in the development, production, maintenance and enhancement of fixed-wing and rotary wing aircraft, commercial and government satellites, human spaceflight programs and weapons….” And then there is U.S. Steel, which received a buyout offer from the Japanese company, Nippon Steel, in December of 2023. U. S. Steel stockholders approved the buyout on April 12, 2024. Consummation of the deal has been awaiting review by the U.S. Committee on Foreign Investment in the United States (CFIUS). Reuters is reporting this morning that it has seen a letter from CFIUS which characterizes the deal as doing damage to American steel production, among other things. The Reuters’ report follows recent headlines that both presidential candidates, Kamala Harris and Donald Trump, are opposed to the buyout. As far back as March, President Biden has spoken out against a foreign takeover of U.S. Steel, stating on March 14 that “U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned and operated.” It is highly likely that there is a lot more than just the future of these three companies that has the National Security Advisor looking for a method to shore up capital, share prices, and survivability of national security interests, given Wall Street’s (and hedge fund guys like Paulson’s) propensity to make bets against (short) anything that looks vulnerable.

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SEC Fines 7 Companies $3M Over Whistleblower Violations
by Gunnar Larson 10 Sep '24

10 Sep '24

SEC Fines 7 Companies $3M Over Whistleblower Violations <https://www.law360.com/capitalmarkets/articles/1877687?nl_pk=abe82add-2a33-…> By Katryna Perera The U.S. Securities and Exchange Commission on Monday announced a $3 million collective settlement with seven public companies, including TransUnion and Acadia Healthcare Co. Inc., to resolve claims that those companies used employment, separation and other agreements to impede whistleblowers from reporting potential misconduct to the SEC. 7 documents attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1877687?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1877687?nl_pk=abe82add-2a33-…>

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