Daily Archives: November 28, 2023, 8:59 am

KPMG, Deloitte Ask Staff to Use Burner Phones for HK Visits: FT – Bloomberg

Deloitte and KPMG have asked some executives based in the US to avoid using their usual work phones during visits to Hong Kong, the Financial Times reported, citing unidentified people with knowledge of the policies. *** The move comes as China increases its control over Hong Kong, the Asia-Pacific headquarters of many global companies, the FT said. Source: KPMG, Deloitte…

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MLB, Formula 1 Face Fraud Suits for Promoting FTX Cryptocurrency – Bloomberg

FTX investors suing the cryptocurrency exchange’s celebrity promoters for allegedly helping to facilitate an $11 billion fraud have some new targets, including Major League Baseball, Formula 1 racing and Mercedes-Benz Group AG’s racing team. Investors’ lawyers sued MLB – the first major sports league to sign a promotional deal with FTX in 2021 – and the other entities in federal…

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New California law requires diversity reporting for venture capital and private equity firms | Reuters

On Oct. 8, 2023, California Governor Gavin Newsom signed into law Senate Bill 54, titled Fair Investment Practices by Investment Advisers (the “New Diversity Reporting Law”), which requires “venture capital companies” with sufficient ties to California to collect, and annually report, the demographic information of the “founding team members” at the companies they invested in during the prior year. The…

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Willkie Adds Litigation Partner Michael Rome in California

Willkie Farr & Gallagher LLP today announced that Michael Rome, a leading investigations attorney and former regulatory and litigation counsel at Google, has joined the Firm as a partner in the Litigation Department and member of the Investigations & Enforcement practice. Michael is based in Willkie’s Los Angeles and San Francisco offices. His practice is focused on government investigations, enforcement…

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