(Westlaw) The Delaware Chancery Court has dismissed a stockholder lawsuit challenging the 2021 merger of a special purpose acquisition company with fitness and health company The Beachbody Co. Group LLC, ruling the claims were filed too late. Reilly v. Horn (…)
(Reuters) A federal judge on Tuesday denied Apple, Google and Meta Platforms’ requests to dismiss lawsuits claiming they promoted illegal gambling by hosting and accepting commissions from casino-style apps that addict users. U.S. District Judge Edward Davila in San Jose, (…)
Westlaw The Securities and Exchange Commission has clarified that the presence of a mandatory arbitration provision will not affect decisions on accelerating the effectiveness of a registration statement. Acceleration of Effectiveness of Registration Statements of Issuers with Certain Mandatory Arbitration (…)
(Syndigate) CRYPTO UK United States Reeves and Bessent are welding FCA and SEC priorities into one playbookringing stablecoin issuers, custodians, and AML rules under a shared lens so UK 1US firms raise capital with fewer seams. Journalist Hassan Shittu Journalist (…)
(Reuters) Exxon Mobil, Brazilian state-run Petrobras and oil services provider TechnipFMC petitioned the country’s antitrust regulator Cade to intervene in a merger between energy contractors Subsea7 and Saipem, public documents seen by Reuters show. In filings submitted on Thursday, the (…)
(Westlaw) April D. Smith and Sean Buckley of Adams & Reese discuss a new anti-money laundering rule that requires reporting to FinCEN for all-cash residential real estate transactions involving legal entities or trusts. What do you need to know? A (…)
(Westlaw) The Securities and Exchange Commission on September 5 said it has established a new task force to strengthen the enforcement division’s efforts to identify and combat cross-border fraud, particularly violations of federal securities laws involving foreign companies. Focusing on (…)
(Reuters) Wall Street’s top regulator on Wednesday criticized two recent European laws on companies’ disclosures of their environmental, social and governance impacts, underscoring the shift in U.S. financial regulation since President Donald Trump took office. In an address to an (…)
(Syndigate) Bankruptcy Ponzi Scheme Nathan Fuller’s bid to erase debts collapsed because the court found he ran Privvy Investments as a Ponzi scheme, hid assets, and lied under oath. Journalist Hassan Shittu Journalist Hassan Shittu About Author Hassan, a Cryptonews.com (…)
(Westlaw) A Jacksonville, Florida-based engineering recruiting business can include a provision in its Chapter 11 plan imposing a temporary injunction to shield its owner from lawsuits during the plan, a bankruptcy judge has ruled. In re Engineering Recruiting Experts LLC, (…)