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MoneyGram Beats Investor Suit Over Anti-Fraud Compliance
by Gunnar Larson 01 Oct '24

01 Oct '24

MoneyGram Beats Investor Suit Over Anti-Fraud Compliance <https://www.law360.com/banking/articles/1884210?nl_pk=feb6bbba-7878-4d39-be…> By Katryna Perera An Illinois federal judge on Monday tossed a proposed securities class action accusing MoneyGram International of lying about its anti-fraud compliance, finding that the suing investors did not adequately plead any misleading statements or that MoneyGram's executives acted with an intent to deceive. Opinion attached | Read full article » <https://www.law360.com/banking/articles/1884210?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1884210?nl_pk=feb6bbba-7878-4d39-be…>

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TD Securities To Pay $28M In Treasuries Spoofing Settlements
by Gunnar Larson 01 Oct '24

01 Oct '24

TD Securities To Pay $28M In Treasuries Spoofing Settlements <https://www.law360.com/banking/articles/1884278?nl_pk=feb6bbba-7878-4d39-be…> By Jessica Corso Brokerage firm TD Securities has agreed to pay nearly $28 million to avoid prosecution and end regulatory investigations into its role in a spoofing scandal that will soon see the former head of its U.S. Treasuries trading desk brought before a jury, government officials announced Monday. 3 documents attached | Read full article » <https://www.law360.com/banking/articles/1884278?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1884278?nl_pk=feb6bbba-7878-4d39-be…>

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Epic Judge Slams Apple's 'Bad Behavior' Managing Discovery
by Gunnar Larson 01 Oct '24

01 Oct '24

Epic Judge Slams Apple's 'Bad Behavior' Managing Discovery <https://www.law360.com/competition/articles/1883909?nl_pk=6416fd97-1dc4-4e0…> By Dorothy Atkins A California federal magistrate judge overseeing discovery in Epic Games' antitrust compliance fight with Apple has refused to grant Apple's request to extend a compliance deadline to produce documents, slamming the tech giant for its "bad behavior" and eleventh-hour extension request and noting Apple has extensive resources to meet Monday's deadline. Order attached | Read full article » <https://www.law360.com/competition/articles/1883909?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1883909?nl_pk=6416fd97-1dc4-4e0…>

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Adams Asks To Toss Bribery Charge, Citing Top Court Ruling
by Gunnar Larson 01 Oct '24

01 Oct '24

Adams Asks To Toss Bribery Charge, Citing Top Court Ruling <https://www.law360.com/mergersacquisitions/articles/1883863?nl_pk=a34c25b5-…> By Frank G. Runyeon New York City Mayor Eric Adams moved swiftly to dismiss the bribery charge from his federal indictment on Monday, arguing that evidence of Turkish officials' gifts to curry favor with him fails to meet a high legal standard laid out by the U.S. Supreme Court. Memorandum attached | Read full article » <https://www.law360.com/mergersacquisitions/articles/1883863?nl_pk=a34c25b5-…> | Save to favorites » <https://www.law360.com/mergersacquisitions/articles/1883863?nl_pk=a34c25b5-…>

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Chancery Sidelines Squarespace Merger Doc Suit For Now
by Gunnar Larson 01 Oct '24

01 Oct '24

Chancery Sidelines Squarespace Merger Doc Suit For Now <https://www.law360.com/mergersacquisitions/articles/1884202?nl_pk=a34c25b5-…> By Jeff Montgomery A Delaware Court of Chancery action to compel stockholder access to website builder Squarespace Inc.'s corporate records remained under a stay Monday, after a court finding that the suit aimed to preserve future review rights focused on a proposed $7.2 billion company take-private deal. Complaint attached | Read full article » <https://www.law360.com/mergersacquisitions/articles/1884202?nl_pk=a34c25b5-…> | Save to favorites » <https://www.law360.com/mergersacquisitions/articles/1884202?nl_pk=a34c25b5-…>

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Ex-Meghraj Boss Still Being Pursued Over £1.8M Pension Bill
by Gunnar Larson 01 Oct '24

01 Oct '24

Ex-Meghraj Boss Still Being Pursued Over £1.8M Pension Bill <https://www.law360.co.uk/financial-services-uk/articles/1883829?nl_pk=a94fc…> By Martin Croucher The U.K.'s retirement watchdog said Monday that a former company director was still being pursued for payment into a staff pension scheme, more than a year after he was slapped with a £1.8 million ($2.4 million) bill. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1883829?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1883829?nl_pk=a94fc…>

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FCA Secures 1st Conviction Of Illegal Crypto ATM Operator
by Gunnar Larson 01 Oct '24

01 Oct '24

FCA Secures 1st Conviction Of Illegal Crypto ATM Operator <https://www.law360.co.uk/financial-services-uk/articles/1883837?nl_pk=a94fc…> By Christopher Crosby A businessman pled guilty on Monday in London to running an illegal crypto ATM network in the U.K. in what the Financial Conduct Authority said was the first conviction in the country of its kind. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1883837?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1883837?nl_pk=a94fc…>

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Twitter Investors Win Cert. In Suit Over Musk's Backpedaling
by Gunnar Larson 30 Sep '24

30 Sep '24

Twitter Investors Win Cert. In Suit Over Musk's Backpedaling <https://www.law360.com/mergersacquisitions/articles/1883577?nl_pk=a34c25b5-…> By Bonnie Eslinger A California federal judge on Friday certified a class of thousands of Twitter investors over claims Elon Musk fraudulently tweeted about the social media company's alleged bot problem to get out of his $44 billion acquisition, rebuffing the billionaire businessman's contention that individual issues in the suit eclipse common questions. Read full article » <https://www.law360.com/mergersacquisitions/articles/1883577?nl_pk=a34c25b5-…> | Save to favorites » <https://www.law360.com/mergersacquisitions/articles/1883577?nl_pk=a34c25b5-…>

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Half of All Deaths from Hurricane Helene Occurred 485 Miles North of Where It Made Landfall
by Gunnar Larson 30 Sep '24

30 Sep '24

https://wallstreetonparade.com/2024/09/half-of-all-deaths-from-hurricane-he… By Pam Martens and Russ Martens: September 30, 2024 ~ As an unprecedented humanitarian crisis was happening in real time yesterday morning in Western North Carolina, we turned on the Sunday News programs: CNN’s State of the Union with Jake Tapper and, later in the morning, Face the Nation on CBS. We were stunned that the focus of both programs was the war in the Middle East and the presidential election. As both national news programs were airing, local news reports were coming out of Buncombe County, North Carolina that people there had no electric power, no running water, no cell phone service, impassible roads, and no distribution centers had been established for bottled water or food because the tractor trailers with the supplies had not arrived — two days after the hurricane hit. At the 10 a.m. press briefing by Buncombe County officials, 10 people were reported dead from Hurricane Helene with 1,000 reported missing. By the 4 p.m. press briefing, the number of deaths from the hurricane in just that one county had tripled to 30 according to Buncombe County Sheriff Quentin Miller, who spoke at both briefings. At that point in time, the deaths in Buncombe County represented more than a third of all deaths being reported by the five states most impacted by Hurricane Helene. Neighborhoods in Buncombe County, NC Remained Under Water on Saturday, September 29, 2024 Buncombe County, North Carolina sits 485 miles north of Perry, Florida, the town closest to where Hurricane Helene made landfall as a Category 4 hurricane at 11:10 p.m. on Thursday, September 26. Unprecedented levels of rainfall and surging rivers resulting from the Gulf of Mexico hurricane, led to deaths by drowning and fallen trees from saturated tree roots and heavy winds almost 500 miles away. Face the Nation on Sunday did include a brief interview with Deanne Criswell, Administrator of the U.S. Federal Emergency Management Agency (FEMA) – who appeared to be living in an alternative universe when she made this statement on the program about “several” homes being destroyed by Hurricane Helene: “We’re hearing significant infrastructure damage to water systems, communication, roads, critical transportation routes, as well as several homes that have been just destroyed by this. So, this is going to be a really complicated recovery in each of these five states that have had these impacts.” Hundreds of homes have been reduced to toothpicks by record storm surge. States with major damage from Hurricane Helene include Florida, Georgia, South Carolina, North Carolina and Tennessee. Early this morning, CBS News reported a total of 116 deaths in all states from Hurricane Helene. Of the 46 deaths reported as of 3:25 a.m. EDT today in the state of North Carolina, Buncombe County deaths represent 65 percent. One North Carolina county where an official death toll has not yet been announced is Rutherford County, home to the town of Chimney Rock and its sister community, Lake Lure. According to a video posted by a local resident, unprecedented raging waters from the Broad River have completely decimated Chimney Rock, with many homes reduced to toothpicks flowing downstream. The big question for that area is were the people asleep in their now decimated homes when the raging Broad River broke its banks or had they evacuated. According to surviving area residents, they received no evacuation orders or texts. An unconfirmed report indicates that the area’s pride and joy, the Lake Lure Flowering Bridge, has been destroyed by raging flood waters. Its website describes it as follows: Flowering Bridge Flowering Bridge, Previously in Lake Lure, North Carolina “The Lake Lure Flowering Bridge is home to more than 2000 species of plants, lovingly tended by local volunteers. From the Bridge, visitors can look upstream to view the famous Chimney Rock, and downstream where the river flows into Lake Lure surrounded by the foothills of the Blue Ridge Mountains. There is always something to see as the plant and garden decorative displays change with the seasons. Visitors often comment on the unexpected blooms that appear at unusual times due to the isothermal microclimate of Hickory Nut Gorge. Even in the coldest months, festive lighting invites a walk across the Bridge both day and night. Our unique gardens are free and open to the public all year. The vast majority of the gardens are wheelchair accessible.” At the 4 p.m. Buncombe County press briefing yesterday, County Manager Avril Pinder said that search and rescue crews continue to work and that she was aware that there are areas in Fairview, Black Mountain, and Swannanoa “where the devastation is unthinkable” and “loved ones are still trapped.” Anthony Penland, the Fire Chief of the Swannanoa Fire Department, stated at the 4 p.m. press briefing that entire neighborhoods are gone and search and rescue teams are going to where the neighborhoods once stood and continuing search and rescue operations. A representative from Duke Energy, the primary electric utility in the area, also spoke at the briefing, saying that some substations are completely underwater and will need complete rebuilding. It is abundantly clear that Western North Carolina needs immediate assistance from a vastly expanded FEMA effort, a taskforce from the Army Corps of Engineers, a dramatic increase in the National Guard, immediate airlifted water and food supplies, and the immediate establishment of distribution centers for those supplies.

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Mich. Justices Take Up Another Auto Reform Coverage Case
by Gunnar Larson 30 Sep '24

30 Sep '24

Mich. Justices Take Up Another Auto Reform Coverage Case <https://www.law360.com/health/articles/1883386?nl_pk=6422bbc2-a823-4be5-9a9…> By Hope Patti The Michigan Supreme Court agreed Friday to review a crash coverage dispute concerning whether changes to the state no-fault act's medical care reimbursement rates apply to post-reform treatment, weighing in on a case where the injury occurred after the June 2019 statutory amendment but before the July 2021 effective date. Order attached | Read full article » <https://www.law360.com/health/articles/1883386?nl_pk=6422bbc2-a823-4be5-9a9…> | Save to favorites » <https://www.law360.com/health/articles/1883386?nl_pk=6422bbc2-a823-4be5-9a9…>

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