(Reuters) -OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous. The unsolicited approach is (…)
(American Banker) It is tempting, especially for newcomers, to think modernizing bank oversight is as simple as ripping pages from the Code of Federal Regulation. The fleeting sense of euphoria such a simplification might provide to those who have operated (…)
WILMINGTON, Delaware (Reuters) -A U.S. judge said on Monday she hoped to rule within 24 hours in a lawsuit that aims to protect information systems at major government agencies from Elon Musk’s DOGE team, which President Donald Trump has tasked (…)
(Reuters) – Prominent former U.S. Supreme Court lawyer Tom Goldstein was arrested and detained on Monday after a judge in Maryland said he violated the terms of his pretrial release on previous tax-related charges tied to his high-stakes poker playing. (…)
Goldman Sachs ends IPO diversity policy citing legal developments (Reuters) -Goldman Sachs cancelled a four-year-old policy to only take public companies that had two diverse board members, a spokesperson for the bank said on Tuesday, in the latest such move (…)
(Syndicate) Binance SEC US Crypto Regulations The SEC and Binance jointly request a 60-day pause in legal proceedings as the newly formed Crypto Task Force shapes digital asset policies. Last updated: February 11, 2025 10:36 EST Author Jimmy Aki Jimmy (…)
(Reuters) -Goldman Sachs cancelled a four-year-old policy to only take public companies that had two diverse board members, a spokesperson for the bank said on Tuesday, in the latest such move by corporations expecting greater scrutiny on social policies from (…)
(Westlaw) A New York widow can keep her $650,000 home, after a bankruptcy judge set aside a tax lien sale as a fraudulent transfer. In re Miranda, No. 23-73373; Miranda v. TLB 2019 LLC, Adv No. 23-8068, 2025 WL 242232 (Bankr. E.D.N.Y. (…)
(Westlaw) •A Republican president and Congress are expected to be more supportive of digital assets than the current administration. •There is a reasonable chance that legislation creating a regulatory framework for cryptocurrencies will advance. •Under Republican SEC chair nominee Paul (…)
(Westlaw) The Delaware Supreme Court has upheld a lower court ruling siding with Oracle Corp. co-founder and Chairman Larry Ellison and another director in a derivative action alleging an unfair process in the technology company’s 2016 acquisition of NetSuite Inc. (…)