Daily Archives: February 12, 2024, 9:50 am

Elon Musk Isn’t the Only Billionaire Fighting Delaware – WSJ

Three powerful shareholders are trying to loosen Delaware’s long-held grip over public companies. Tripadvisor, under media executive Greg Maffei, wants to reincorporate in Nevada, over the objection of minority shareholders. Billionaire Barry Diller is awaiting a ruling that could relax Delaware’s scrutiny of transactions like the 2020 split of some of his online businesses. And Elon Musk, who reincorporated Twitter…

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Sidley, Milbank, Foley & Lardner and Simpson Land Defense Roles on SEC Action | National Law Journal

The Securities and Exchange Commission’s latest enforcement action—charging several broker-dealers and investment advisers for recordkeeping violations—has sent a wave of defense work to a group of big law firms. Defense counsel for 16 companies and firms charged by the SEC include Foley & Lardner, Milbank, Sidley Austin, and Simpson, Thatcher & Bartlett. The SEC on Friday announced charges against 16 firms,…

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Crypto fraud suit tied to Winklevoss twins now $3B: NY AG

New York Attorney General Letitia James on Friday expanded her lawsuit against Digital Currency Group and other cryptocurrency defendants, tripling the size of their alleged fraud scheme to more than $3 billion. James in October sued Digital Currency, its Genesis Global Capital unit, and Gemini Capital, the exchange run by twin brothers Cameron and Tyler Winklevoss. She claimed they caused…

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