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15 Apr 2024, 9:01 pm by renholding
A master account is also a necessary, but not sufficient, condition for an institution to have access to the Federal Reserve’s discount window, to incur intraday or overnight overdrafts in any of the Federal Reserve’s payment systems or to obtain direct membership in the major clearing networks that connect the U.S. payment system. [read post]
14 Apr 2024, 9:05 pm by renholding
In Panuwat, the defendant was an employee of Medivation, Inc., a mid-cap oncology firm that was resisting one hostile bidder (Sanofi S.A.) and encouraging another firm (Pfizer) to outbid Sanofi. [read post]
9 Apr 2024, 9:01 pm by renholding
 Yellow filed chapter 11 bankruptcy petitions in August 2023 in the United States Bankruptcy Court for the District of Delaware after a dispute with the Teamsters Union that left the company in financial distress.[1] Prior to bankruptcy, the debtors participated in several multiemployer pension plans, including the Central States, Southeast and Southwest Areas Pension Fund (“Central States”), which plans funded pension benefits as part of the collective bargaining agreements of… [read post]
Thus, the court held that the factual connection between the SEC subpoena and the securities class action did not make them related claims. [read post]
1 Apr 2024, 4:35 am by Franklin C. McRoberts
In her fee decision, Justice Schecter held that plaintiffs individually were entitled to an award of fees under BCL § 626 (e) “because they created a substantial corporate benefit by securing a judgment in excess of $5 million. [read post]
29 Mar 2024, 6:00 am by Michelle
Ian Katz of Capital Alpha Partners says regulators are keeping a watchful eye on the expanding connections between banks and the alternative asset management sector. [read post]
29 Mar 2024, 4:00 am by Jim Sedor
It is being funded by Make America Great Again Inc., a super PAC that can raise unlimited amounts of money. [read post]
27 Mar 2024, 5:53 am by Norman L. Eisen
As part of an alleged “catch and kill” scheme orchestrated by Trump with his fixer Michael Cohen, American Media, Inc. [read post]
25 Mar 2024, 11:27 am by Eric Goldman
It would not have expected X Corp. to incur damages in connection with a technical breach of that provision that involved the use of Twitter’s search tool to look at ten users and 9,615 public tweets. [read post]
19 Mar 2024, 2:04 pm by vforberger
Such connections would be trivially easy to make for Wisconsin’s religiously-affiliated hospitals and colleges. [read post]
19 Mar 2024, 3:10 am by David Lynn
And finally, if your company is in the business of manufacturing widgets, please do not change the name of the company to “AI Land, Inc. [read post]
18 Mar 2024, 4:22 pm by Sophia Cope
A California trial court recently departed from wide-ranging precedent and held that Snap, Inc., the maker of Snapchat, the popular social media app, had created a “defective” product by including features like disappearing messages, the ability to connect with people through mutual friends, and even the well-known “Stories” feature. [read post]
18 Mar 2024, 6:00 am by Sherica Celine
The following facts, among others, can be relevant: whether the worker determines or can meaningfully negotiate the charge or pay for the work provided; whether the worker accepts or declines jobs or chooses the order and/or time in which the jobs are performed; whether the worker engages in marketing, advertising, or other efforts to expand their business or secure more work; and whether the worker makes decisions to hire others, purchase materials and equipment, and/or rent space. [read post]