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8th Circ. Tosses 'Windfall' $79M Legal Fee In T-Mobile Suit
by Gunnar Larson 30 Jul '24

30 Jul '24

8th Circ. Tosses 'Windfall' $79M Legal Fee In T-Mobile Suit <https://www.law360.com/capitalmarkets/articles/1863440?nl_pk=abe82add-2a33-…> By Lauren Berg The Eighth Circuit on Monday threw out a $78.7 million attorney fee award for plaintiffs' attorneys who negotiated a $350 million settlement with T-Mobile over a massive data breach in 2021, saying the award amounts to a "windfall" for class counsel. Opinion attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1863440?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1863440?nl_pk=abe82add-2a33-…>

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Virtu Pushes For SEC Crackdown On 'Penny Stock' Listings
by Gunnar Larson 30 Jul '24

30 Jul '24

Virtu Pushes For SEC Crackdown On 'Penny Stock' Listings <https://www.law360.com/capitalmarkets/articles/1863250?nl_pk=abe82add-2a33-…> By Jessica Corso Virtu Financial Inc. is pressing the U.S. Securities and Exchange Commission to force Nasdaq and other exchanges to crack down on so-called penny stocks, petitioning the agency to initiate rulemaking that would stop companies struggling to stay above $1 per share from continuing to trade on the exchanges. Petition attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1863250?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1863250?nl_pk=abe82add-2a33-…>

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Wells Fargo Can't Escape Investors' Sham Diverse Hiring Suit
by Gunnar Larson 30 Jul '24

30 Jul '24

Wells Fargo Can't Escape Investors' Sham Diverse Hiring Suit <https://www.law360.com/capitalmarkets/articles/1863274?nl_pk=abe82add-2a33-…> By Sydney Price A California federal judge refused to throw out a proposed securities class action against Wells Fargo alleging it conducted sham interviews to meet diversity targets that triggered a stock drop when the truth came to light, finding Monday that the investors had plausibly alleged the bank's ill-will. Order attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1863274?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1863274?nl_pk=abe82add-2a33-…>

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ECJ Nixes Swedish Dividends Tax On Foreign Pension Funds
by Gunnar Larson 30 Jul '24

30 Jul '24

ECJ Nixes Swedish Dividends Tax On Foreign Pension Funds <https://www.law360.com/capitalmarkets/articles/1863024?nl_pk=abe82add-2a33-…> By Kevin Pinner Sweden can't collect a withholding tax on dividends distributed by Swedish companies to public pension funds abroad while exempting its own public funds because that is inconsistent with European Union law requiring the free movement of capital, the European Court of Justice said Monday. Decision attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1863024?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1863024?nl_pk=abe82add-2a33-…>

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SEC Says Penny Stock CEO Lied About COVID-19 Deal
by Gunnar Larson 30 Jul '24

30 Jul '24

SEC Says Penny Stock CEO Lied About COVID-19 Deal <https://www.law360.com/capitalmarkets/articles/1863138?nl_pk=abe82add-2a33-…> By Katryna Perera The U.S. Securities and Exchange Commission on Friday sued former penny stock company CEO Juan Campo for securities fraud, alleging he lied to investors about acquiring a Colombian cannabis company and about the company's development of a temperature screening device during the COVID-19 pandemic, among other things. Complaint attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1863138?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1863138?nl_pk=abe82add-2a33-…>

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Steve Jobs: Power of Focus (Video)
by Gunnar Larson 30 Jul '24

30 Jul '24

xNY.io - Bank.org loves this Steve Jobs video on focus: https://www.instagram.com/reel/C993e9hqIYO/?igsh=MXNtdnJkcGZoZ2V2dA==

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Unpacking The New Concept Of 'Trading Misfeasance'
by Gunnar Larson 30 Jul '24

30 Jul '24

Unpacking The New Concept Of 'Trading Misfeasance' <https://www.law360.co.uk/financial-services-uk/articles/1857886?nl_pk=a94fc…> In addition to granting one of the largest trading awards since the Insolvency Act was passed in 1986, the High Court recently introduced a novel claim for misfeasant trading in Wright v. Chappell, opening the door to liability for directors, even where insolvent liquidation or administration was not inevitable, say lawyers at Greenberg Traurig. Decision attached | Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1857886?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1857886?nl_pk=a94fc…>

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New Defined Benefit Funding Code Laid Before Parliament
by Gunnar Larson 30 Jul '24

30 Jul '24

New Defined Benefit Funding Code Laid Before Parliament <https://www.law360.co.uk/financial-services-uk/articles/1863048?nl_pk=a94fc…> By Joel Poultney Britain's pensions watchdog on Monday said its long-awaited funding code for defined benefit retirement savings plans has been laid before Parliament, marking what it called a "significant step." Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1863048?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1863048?nl_pk=a94fc…>

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NFT Game Collaborator Says She Was IP Co-Owner
by Gunnar Larson 30 Jul '24

30 Jul '24

NFT Game Collaborator Says She Was IP Co-Owner <https://www.law360.co.uk/financial-services-uk/articles/1860951?nl_pk=a94fc…> By Tabitha Burbidge A cryptocurrency expert has said that her former business partner has improperly accused her of stealing confidential business information for an NFT-winning game they co-developed, despite having proof that she had not shared anything with his competitors. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1860951?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1860951?nl_pk=a94fc…>

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Top Corporate Crime Cases To Watch For The Rest Of 2024
by Gunnar Larson 30 Jul '24

30 Jul '24

Top Corporate Crime Cases To Watch For The Rest Of 2024 <https://www.law360.co.uk/financial-services-uk/articles/1860962?nl_pk=a94fc…> By Christopher Crosby The Serious Fraud Office's intention to charge individuals with bribery over Glencore's dealings in Nigeria, a major bitcoin money laundering trial and the ongoing legal battles between ENRC and the SFO are some of the major white-collar crime cases on the horizon. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1860962?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1860962?nl_pk=a94fc…>

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