Daily Archives: May 10, 2023, 8:27 am

Judge nixes Block shareholder suit over online music deal | AP News

A Delaware judge has dismissed a shareholder lawsuit against financial technology company Block Inc. over its 2021 acquisition of majority ownership in Tidal, the music streaming service partly owned by rapper Jay-Z. A pension fund shareholder alleged that Block founder and CEO Jack Dorsey and the company’s board of directors breached their fiduciary duties in agreeing to pay roughly $300…

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Miami’s Love Affair With Crypto Is Souring as Bitcoin Faithful Flock to the City – WSJ

A year ago, when the annual bitcoin conference opened in Miami, the city was arguably the country’s biggest booster of digital currencies. MiamiCoin traded on a global crypto exchange. The Miami Heat basketball team played at FTX Arena, and cryptocurrency exchange Blockchain.com was preparing to move its headquarters to a splashy office in the city’s Wynwood neighborhood. Today, as Miami…

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Covington and SEC Heading to Court Over Attorney-Client Privilege Battle | Law.com

A U.S. District judge is scheduled to hear arguments on Wednesday in a closely watched case that is testing the bounds of attorney-client privilege against national security interests. Judge Amit Mehta will weigh whether Washington, D.C.-headquartered firm Covington & Burling is required to turn over to the U.S. Securities and Exchange Commission the names of nearly 300 clients whose information may…

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