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Your Freedom of Information Law Request FOIL-2023-096848-022051 - (2022 New York City Pension/Investment Management Asset Performance)
by Gunnar Larson 16 Apr '24

16 Apr '24

---------- Forwarded message --------- From: <Carmen.Garrett(a)dfs.ny.gov> Date: Tue, Apr 16, 2024, 12:33 PM Subject: Your Freedom of Information Law Request FOIL-2023-096848-022051 To: <G(a)xny.io> Good afternoon: Attached, please find correspondence from the New York State Department of Financial Services pertaining to your FOIL request. Thank you. Tracking Number:FOIL-2023-096848-022051 SENT VIA EMAIL G(a)xny.io April 16, 2024 Mr. Gunnar D Larson xNY.io - Bank.org 406 West 25th Street New York, NY 10001 Re: Freedom of Information Law (“FOIL”) Tracking No. 2023-096848 Dear Mr. Gunnar D Larson: I write in response to the FOIL request that you submitted to The New York State Department of Financial Services (“Department”), which has been assigned tracking number 2023-096848. The Department requires additional time to respond to your FOIL request because we are still working on your request. The Department intends to provide its determination of your request by May 15, 2024. Thank you. 2024-096848: 3/13/24: While surveying 2022 New York City Pension/Investment Management Asset Performance, xNY.io - Bank.org noticed an overall negative return for the five systems referenced here: https://comptroller.nyc.gov/services/financial-matters/pension/asset-perfor…. xNY.io - Bank.org seeks access to any and all records explaing 2022 New York City Pension/Investment Management Asset Performance as a loss for all five funds. Comprehensively, the mechanisms for garnering public equity are easily understood and easy to execute. An advantage for public equity is its liquidity as most publicly traded stocks are available and easily traded daily through public market exchanges. Related to New York City Pension/Investment Management Asset Performance, public equity investments do not include individual stocks under "asset type" and "asset name." xNY.io - Bank.org would like to receive record if the five systems owned PayPal (PYPL) as an individual investment as part of fund investment across the systems between FY 2020 and 2022. Additionally, xNY.io - Bank.org seeks trading history ststements of PYPL across the five systems between FY 2020 and 2022.

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Justice Thomas Misses Monday's Supreme Court Arguments
by Gunnar Larson 16 Apr '24

16 Apr '24

Justice Thomas Misses Monday's Supreme Court Arguments <https://www.law360.com/competition/articles/1825327?nl_pk=6416fd97-1dc4-4e0…> By Katie Buehler U.S. Supreme Court Justice Clarence Thomas was absent Monday for oral arguments examining disputes over whether accepting illegal gratuities without a quid pro quo is prohibited under a federal bribery statute and what test courts should apply when determining whether malicious prosecution claims can proceed. Read full article » <https://www.law360.com/competition/articles/1825327?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1825327?nl_pk=6416fd97-1dc4-4e0…>

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Apple Faces Two Suits Over IPhone Market Dominance
by Gunnar Larson 16 Apr '24

16 Apr '24

Apple Faces Two Suits Over IPhone Market Dominance <https://www.law360.com/competition/articles/1825216?nl_pk=6416fd97-1dc4-4e0…> By Katryna Perera Apple has been hit with a pair of suits alleging it has unfairly stifled competition in the smartphone market and that its practices and iPhone sales have violated federal securities and antitrust laws. 2 documents attached | Read full article » <https://www.law360.com/competition/articles/1825216?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1825216?nl_pk=6416fd97-1dc4-4e0…>

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AML Exec Loses Bid For Interim Pay In Whistleblowing Case
by Gunnar Larson 16 Apr '24

16 Apr '24

AML Exec Loses Bid For Interim Pay In Whistleblowing Case <https://www.law360.co.uk/financial-services-uk/articles/1824685?nl_pk=a94fc…> By Tabitha Burbidge The co-founder of a London-based payments platform provider has lost his bid to be paid his £190,000 ($237,000) salary while he pursues a whistleblowing and unfair dismissal claim against the company. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1824685?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1824685?nl_pk=a94fc…>

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Pension Protection Fund Has 'Crucial' Future Role, LCP Says
by Gunnar Larson 16 Apr '24

16 Apr '24

Pension Protection Fund Has 'Crucial' Future Role, LCP Says <https://www.law360.co.uk/financial-services-uk/articles/1825159?nl_pk=a94fc…> By Sam Tabahriti The Pension Protection Fund could play a crucial role in the "endgame" for defined benefit pension schemes as a state-backed consolidator of smaller retirement plans, a consultancy has said. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1825159?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1825159?nl_pk=a94fc…>

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Avoiding Legal Pitfalls In M&A Deferred Pricing Deals
by Gunnar Larson 16 Apr '24

16 Apr '24

Avoiding Legal Pitfalls In M&A Deferred Pricing Deals <https://www.law360.co.uk/financial-services-uk/articles/1824231?nl_pk=a94fc…> By Najiyya Budaly One of the worst markets for M&A dealmaking in a decade has spawned innovative pricing models such as deferred consideration arrangements for buyers and sellers to come to terms, but lawyers warn that these agreements have to be watertight to protect against future litigation. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1824231?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1824231?nl_pk=a94fc…>

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Real Estate Plans Were £50M Ponzi Scheme, Investors Say
by Gunnar Larson 16 Apr '24

16 Apr '24

Real Estate Plans Were £50M Ponzi Scheme, Investors Say <https://www.law360.co.uk/financial-services-uk/articles/1825179?nl_pk=a94fc…> By Ronan Barnard Over 400 real estate investors said two British men ran a U.K.-wide fraud akin to a Ponzi scheme at a London trial of their £50 million ($62.3 million) claim Monday, arguing the men had made false promises about the returns the investments would generate. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1825179?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1825179?nl_pk=a94fc…>

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Skat Kicks Off £1.4B London Trial Against British Trader
by Gunnar Larson 16 Apr '24

16 Apr '24

Skat Kicks Off £1.4B London Trial Against British Trader <https://www.law360.co.uk/financial-services-uk/articles/1825181?nl_pk=a94fc…> By Joanne Faulkner A British trader was accused Monday of being the "mastermind" behind a fraudulent trading scheme that cost the Danish tax authority £1.4 billion ($1.7 billion) at the start of a year-long High Court trial. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1825181?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1825181?nl_pk=a94fc…>

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RNC Funding of Trump's Legal Campaign Undermines GOP State AGs' Attack on Litigation Funding - Litigation Finance Journal
by Gunnar Larson 16 Apr '24

16 Apr '24

I wrote this LitigationFinanceJournal.com article back in 2022, now I am on the other side of it all. 14 states attorneys general, if you are listening, there is something not kosher happening in New York right now. They are saying Gunnar Larson is trying to use Donald Trump arguments against the Attorney General's office and that is simply not true. Gunnar --- https://litigationfinancejournal.com/rnc-funding-of-trumps-legal-campaign-u… Litigation Finance Journal recently reported on a group of 14 state attorneys general that have called for action from the Department of Justice to review potential threats to U.S. national security from foreign adversaries’ engagement of litigation investment. Litigation funders and industry advocates have new ammo in response to the AGs’ claims, given recent news of the RNC funding former President Donald Trump’s various legal entanglements. According to ABC News, RNC leaders earmarked $1.6M in legal funding to support President Donald Trump’s defense over lawsuits brought by New York Attorney General Letitia James. Meanwhile, the United States Chamber of Commerce Institute for Legal Reform’s research has prompted 14 state attorneys general to ask for the Justice Department to assess national security risks of adversaries ‘undermining’ the United States by engaging litigation funding and third party investment vehicles. The group of 14 state attorneys general are concerned about foreign adversaries ‘weaponizing’ United States legal frameworks via litigation investment, to attack critical national industry and infrastructure, such as energy sectors. The group of 14 seeks the Department of Justice to detail how a network of federal agencies could engage a blueprint for defending United States independence from international litigation investors, hostile groups, agencies or governments such as Russia and China. This latest attack on the industry, prompted by the U.S. Chamber of Commerce, is simply another attempt to undermine the nascent and growing litigation funding sector. It is ironic, given that in the case of Consumer Legal Funding–which the Chamber specifically targets–the funding in question does not go to support legal fees, but rather to finance claimants’ livelihoods while they remain injured and unable to work. While the RNC’s funding of Trump’s legal battles does not constitute foreign investment, it illustrates the acceptance of third party legal funding across political lines, and should be noted by industry advocates looking to respond to the negative publicity put forth by the U.S. Chamber.

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Republicans Warn CFPB Against Pursuing Arbitration Rule 2.0
by Gunnar Larson 15 Apr '24

15 Apr '24

Republicans Warn CFPB Against Pursuing Arbitration Rule 2.0 <https://www.law360.com/banking/articles/1824913?nl_pk=feb6bbba-7878-4d39-be…> By Jon Hill Two Republican lawmakers are cautioning the Consumer Financial Protection Bureau against heeding calls for another rulemaking to restrict arbitration provisions in consumer financial contracts, warning that such an effort would be a "significant abuse" of the agency's authority. Letter attached | Read full article » <https://www.law360.com/banking/articles/1824913?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1824913?nl_pk=feb6bbba-7878-4d39-be…>

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