‘Enforcement 40′ for 2017
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After the Bust, Are Bitcoins More Like Tulip Mania or the Internet? – The New York Times
After following Bitcoin for several years, I think neither of these comparisons quite works. Bitcoin is neither an irredeemable flop nor an economic miracle. via After the Bust, Are Bitcoins More Like Tulip Mania or the Internet? – The New York Times.
Meet Andrew Yang, the pro-bitcoin presidential candidate | CryptoSlate
Andrew Yang, the 2020 Democratic presidential candidate, has now become the pro-cryptocurrency candidate. Crypto was recently added to his list of platform priorities, joining Yang’s push for policies such as universal basic income, Medicare for all, and human-centered capitalism. via Meet Andrew Yang, the pro-bitcoin presidential candidate | CryptoSlate.
$475M Lawsuit Alleges Danske Bank’s Inaction Created ‘Enormous Scandal’ | Corporate Counsel
At the heart of a $475 million lawsuit that investors in 19 countries have brought against Denmark’s largest bank is a lesson for legal departments regarding the importance of compliance and disclosure. “You need to take regulatory compliance very seriously and when you do have problems don’t cover it up. That will only turn it into […]
Facebook’s cryptocurrency could be $19B revenue opportunity: Barclays
The social network is reportedly developing a cryptocurrency that could be part of a multibillion-dollar revenue opportunity, Barclays internet analyst Ross Sandler said in a note to clients Monday. Sandler forecasted as much as $19 billion in additional revenue by 2021 from “Facebook Coin.” Conservatively, the firm sees a base-case of an incremental $3 billion […]
Tesla’s Entire Board Sued over Elon Musk’s Trigger-Happy Twitter Thumbs
Billionaire Elon Musk and all 11 members of Tesla’s board of directors have been named in a shareholder lawsuit claiming the Tesla CEO’s “unchecked misstatements on Twitter” have harmed the company. The lawsuit was filed March 8 in the Delaware Court of Chancery by the Laborers’ District Council and Contractors’ Pension Fund of Ohio, a […]
Fidelity’s new cryptocurrency company is up and running despite a bear market for digital coins
An ongoing cryptocurrency bear market is not dampening interest for Fidelity’s new institutional cryptocurrency products. Fidelity Digital Assets, a new company created by the investing giant last year, has quietly rolled out its cryptocurrency custody and trade execution operations. In the past few months it has been up and running with institutional investors like hedge […]
March 25 Webcast: Leveraging Data Analytics to Minimize Risk in the Financial Services Industry
Please join Joshua Dennis, Ellen Lafferty, Dan Ward and A.J. Bosco for this webcast.
DOJ Fraud Leader Tempers Defense Dreams of More Whistleblower Dismissals | National Law Journal
A year ago, when the U.S. Justice Department issued guidance urging prosecutors to dismiss allegedly meritless whistleblower cases, defense lawyers cheered what they considered a significant new check on lawsuits alleging fraud against the government. It didn’t take long for Justice Department lawyers to act on the guidance, which put a new focus on the […]
Allen Stanford’s Ponzi scheme victims say they have been short-changed
Ten years after the second biggest investor fraud in U.S. history, victims of the $8 billion Ponzi scheme run by disgraced financier R. Allen Stanford have recovered practically nothing, court records show. That’s in stark contrast to the substantial recoveries on behalf of victims of the Bernard Madoff scam, which became public two months earlier. […]
Is There a First-Drafter Advantage in M&A?
Does the party that provides the first draft of a merger agreement get better terms as a result? There is considerable lore among transactional lawyers on this question, yet it has never been examined empirically. In a recent article, Is There a First-Drafter Advantage in M&A?, we develop a novel dataset of drafting practices in […]