May 2022 - cypherpunks@lists.ogf.org

Musk, Twitter sued by Florida pension fund over $44bn takeover
by Gunnar Larson 19 May '22

19 May '22

https://www.aljazeera.com/economy/2022/5/6/musk-twitter-sued-by-florida-pen… The Orlando Police Pension Fund argues the deal can’t close before 2025 because Musk was an ‘interested shareholder’ in the social networking platform. Elon Musk’s $44 billion buyout of Twitter Inc. was challenged in a lawsuit by a Florida pension fund that argues the deal can’t close before 2025 because Musk was an “interested shareholder” in the social networking platform. The Orlando Police Pension Fund filed suit in Delaware Chancery Court on Thursday. According to the complaint, Musk had agreements with other major Twitter shareholders — including founder Jack Dorsey — to rely on their holdings when offering to take the company private last month. Those arrangements triggered a Delaware law that calls for a three-year delay in closing such deals, the fund claims. KEEP READINGlist of 4 itemslist 1 of 4Nvidia pays $5.5m SEC fine over crypto-mining disclosures <https://www.aljazeera.com/economy/2022/5/6/nvidia-pays-5-5m-us-fine-over-cr…>list 2 of 4UK pushes tough tech rules under new digital watchdog <https://www.aljazeera.com/economy/2022/5/6/uk-pushes-tough-tech-rules-under…>list 3 of 4S&P 500 suffers longest weekly losing streak since 2011 <https://www.aljazeera.com/economy/2022/5/6/us-stocks-fall-as-jobs-data-adds…>list 4 of 4SpaceX capsule brings four astronauts home from six-month mission <https://www.aljazeera.com/news/2022/5/6/spacex-capsule-brings-four-astronau…>end of list Musk’s Twitter acquisition features one of the biggest leveraged buyout deals in history. He’s taking private a 16-year-old social networking platform that has become a hub of public discourse and a flashpoint in the debate over online free speech. Musk disclosed Thursday a group of investors were kicking in more than $7 billion of equity towards the deal. They include Oracle Corp. billionaire Larry Ellison, venture-capital firm Sequoia Capital and cryptocurrency exchange Binance Holdings Ltd. A representative for Musk didn’t immediately return an email seeking comment on the pension fund’s suit. Musk, 50, has outlined financing for the deal that includes $13 billion in bank loans secured by the social-media company and $12.5 billion backed by a pledge of some of his $170 billion Tesla Inc. stake. He’s currently the world’s richest individual, with a fortune valued at more than $249 billion. The pension fund’s lawyers note Musk owned about 10% of Twitter’s shares when he made his buyout offer. The also say in the complaint that he had an “agreement, arrangement or understanding” with other major Twitter investors, such as Dorsey and investment bank Morgan Stanley. Those pacts allowed Musk to rely on their shares and support for the deal, according to the suit. Under Delaware corporate law, those agreements make Musk an “interested shareholder” who has to wait three years to close the deal or win the support of investors who control “at least 66 2/3% of Twitter’s outstanding voting stock” and were independent from the billionaire, the suit said. The fund is asking a Delaware judge to find that Musk meets the test for an “interested shareholder” and is subject to the law, according to the complaint. The case is Orlando Police Pension Fund v. Twitter Inc, No. 2022-0396, Delaware Chancery Court. (Updates with details from suit starting in fifth paragraph) SOURCE: BLOOMBERG <https://www.bloomberg.com/> Sign up for Al Jazeera Americas Coverage Newsletter US politics, Canada’s multiculturalism, South America's geopolitical rise—we bring you the stories that matter. Sign up By signing up, you agree to our Privacy Policy <https://privacy.aljazeera.net/> ------------------------------ ADVERTISEMENT This content is created and paid for by advertisers and does not involve Al Jazeera journalists. <https://www.dianomi.com/whats-this/?utm_source=pub.Aljazeera.com%20%28Frees…> LISTEN TO THESE PODCASTS [image: podcast episode artwork] play From: The TakeWhat will Elon Musk do with Twitter?Elon Musk has more money than anyone else in the world. Sometimes it seems like the SpaceX and Tesla CEO has the most disr... <https://aj.audio/TheTake-397> [image: podcast episode artwork] play From: The TakeRolling back Roe v WadeLast week, the world got a glimpse of what is likely the end of Roe v Wade, the United States Supreme Court decision that'... <https://aj.audio/TheTake-403> [image: podcast episode artwork] play From: The Inside Story PodcastHow can the G5 Sahel force be maintained?Mali is withdrawing from the G5 Sahel joint force fighting armed groups linked to ISIL and Al Qaeda. Despite being a found... <https://www.aljazeera.com/podcasts/the-inside-story-podcast> RELATED - UK pushes tough tech rules under new digital watchdog <https://www.aljazeera.com/economy/2022/5/6/uk-pushes-tough-tech-rules-under…> The Digital Markets Unit is aimed at giving consumers more choice online. Published On 6 May 20226 May 2022 [image: Google mobile phone icon] - US sanctions North Korean cryptocurrency mixer Blender <https://www.aljazeera.com/news/2022/5/6/us-sanctions-north-korean-cryptocur…> The sanctions, imposed by the United States Treasury Department, are the first ever on a digital asset mixing service. Published On 6 May 20226 May 2022 [image: The US Treasury Department building] - Musk gets extra $7bn for Twitter bid from tech heavyweights <https://www.aljazeera.com/economy/2022/5/5/musk-gets-extra-7-1bn-for-twitte…> Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter. Published On 5 May 20225 May 2022 [image: Elon Musk looks at his mobile phone in Cape Canaveral, Florida, U.S] - Elon Musk asked by UK Parliament to discuss plans to buy Twitter <https://www.aljazeera.com/economy/2022/5/4/elon-musk-asked-to-discuss-plans…> The Parliament’s digital committee asked the Tesla CEO to give evidence about his proposals ‘in more depth’. Published On 4 May 20224 May 2022 [image: The Twitter application is seen on a digital device] MORE FROM ECONOMY - Paying to get paid: Young Zimbabweans trade money, sex for jobs <https://www.aljazeera.com/features/2022/5/19/paying-to-get-paid-young-zimba…> [image: A woman waits by her car for clients to buy clothes in central Harare, Friday, July, 18, 2014. [File: Tsvangirayi Mukwazhi/AP Photo]] - End of an era: McDonald’s strikes deal to sell Russia restaurants <https://www.aljazeera.com/economy/2022/5/19/end-of-an-era-mcdonalds-strikes…> [image: McDonald's, which was among the first Western consumer brands to enter Russia in 1990, signalled a new era of optimism in the wake of the Cold War shortly after the fall of the Berlin Wall [File: Rudi Blaha/AP Photo]] - US jobless claims climb to highest level since January <https://www.aljazeera.com/economy/2022/5/19/us-jobless-claims-climb-to-high…> [image: American workers are enjoying historically strong job security two years after the coronavirus pandemic plunged the economy into a short but devastating recession [File: Andrew Kelly/Reuters]] - Not going to fly: Spirit Airlines again rejects JetBlue’s bid <https://www.aljazeera.com/economy/2022/5/19/not-going-to-fly-spirit-airline…> [image: It was the second rejection of a JetBlue bid by Spirit’s board, which stood by Frontier’s $2.9bn cash-and-stock deal agreed to in February [File: Luke Sharrett/Bloomberg]] MOST READ - Erdogan says ‘no’ to Nordic NATO hopefuls amid security concerns <https://www.aljazeera.com/news/2022/5/18/un-chief-guterres-warns-of-global-…> [image: Turkey's President Tayyip Erdogan [File: Yves Herman/Pool/Reuters]] - How the capture of Azov fighters affects the Russia-Ukraine war <https://www.aljazeera.com/news/2022/5/19/how-the-capture-of-azov-fighters-a…> [image: People take part in a rally called Save Military of Mariupol in front of the Ukrainian president's office in Kyiv on May 3 [File: Sergei Supinsky/AFP]] - Russia suffers series of military, economic, diplomatic defeats <https://www.aljazeera.com/news/2022/5/19/russia-suffers-a-series-of-militar…> [image: Pro-Russian troops drive armoured vehicles during the Ukraine-Russia conflict near Novoazovsk in the Donetsk Region, Ukraine [Alexander Ermochenko/Reuters]] - Monkeypox: What is the disease and how serious is it? <https://www.aljazeera.com/news/2022/5/19/monkeypox-what-is-this-disease> [image: An electron microscopic image shows the oval-shaped monkeypox virus particles [File: Reuters]]

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Video: PNC Insights on 401(k) Litigation Trends
by Gunnar Larson 19 May '22

19 May '22

Check out one of my recent articles: https://litigationfinancejournal.com/video-pnc-insights-on-401k-litigation-… The PNC Financial Services Group, Inc. (PNC) released a new video with insights into class action claims that target fiduciary fund managers. PNC says retirement savings plan fiduciaries risk class action exposure from litigation investors seeking awards for pension fund mismanagement. PNC says <https://www.pnc.com/insights/corporate-institutional/manage-assets/video-dc…> fiduciaries who charge portfolio management fees should diligently file member disclosures. PNC warns that litigation investors may look to challenge decisions made by plan administrators. Plan management expense ratios are a barometer of fund quality and overall fiduciary work product. PNC says that third party investors may look at litigation, if fund managers profit from compliance loopholes at the detriment of pensioner returns. Click here <https://www.pnc.com/insights/corporate-institutional/manage-assets/video-dc…> to watch PNC’s insights on 401(k) class litigation.

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Mayor Eric Adams won’t commit to releasing his tax returns, breaching decades of custom - POLITICO
by Gunnar Larson 19 May '22

19 May '22

https://www.politico.com/news/2022/04/15/eric-adams-tax-returns-00025541

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Eric Adams Failed to Disclose Stake in Brooklyn Co-op He Says He Gave to a Friend - THE CITY
by Gunnar Larson 19 May '22

19 May '22

https://www.thecity.nyc/2021/6/16/22536241/eric-adams-failed-to-disclose-br…

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Fwd: confirm 44e6b3456f54622ddabb263a78e5dcafa0043236
by Karl Semich 19 May '22

19 May '22

the time on this is 10:28. for me it happened after some posts were made, but not sure which ones would have stimulated it ---------- Forwarded message --------- From: <cypherpunks-request(a)lists.cpunks.org> Date: Thu, May 19, 2022, 10:28 AM Subject: confirm 44e6b3456f54622ddabb263a78e5dcafa0043236 To: <gmkarl(a)gmail.com> Mailing list removal confirmation notice for mailing list cypherpunks We have received a request from 185.220.100.253 for the removal of your email address, "gmkarl(a)gmail.com" from the cypherpunks(a)lists.cpunks.org mailing list. To confirm that you want to be removed from this mailing list, simply reply to this message, keeping the Subject: header intact. Or visit this web page: https://lists.cpunks.org/mailman/confirm/cypherpunks/44e6b3456f54622ddabb26… Or include the following line -- and only the following line -- in a message to cypherpunks-request(a)lists.cpunks.org: confirm 44e6b3456f54622ddabb263a78e5dcafa0043236 Note that simply sending a `reply' to this message should work from most mail readers, since that usually leaves the Subject: line in the right form (additional "Re:" text in the Subject: is okay). If you do not wish to be removed from this list, please simply disregard this message. If you think you are being maliciously removed from the list, or have any other questions, send them to cypherpunks-owner(a)lists.cpunks.org.

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Fwd: confirm db67be50a538e0a8d6221b2eff2a8ceb97cda24b
by Undiscussed Horrific Abuse, One Victim of Many 19 May '22

19 May '22

the time on this is 10:28 for me. it happened after some posts were made, but not sure which ones would have stimulated it. ---------- Forwarded message --------- From: <cypherpunks-request(a)lists.cpunks.org> Date: Thu, May 19, 2022, 10:28 AM Subject: confirm db67be50a538e0a8d6221b2eff2a8ceb97cda24b To: <gmkarl(a)gmail.com> Mailing list removal confirmation notice for mailing list cypherpunks We have received a request from 185.220.100.253 for the removal of your email address, "gmkarl(a)gmail.com" from the cypherpunks(a)lists.cpunks.org mailing list. To confirm that you want to be removed from this mailing list, simply reply to this message, keeping the Subject: header intact. Or visit this web page: https://lists.cpunks.org/mailman/confirm/cypherpunks/db67be50a538e0a8d6221b… Or include the following line -- and only the following line -- in a message to cypherpunks-request(a)lists.cpunks.org: confirm db67be50a538e0a8d6221b2eff2a8ceb97cda24b Note that simply sending a `reply' to this message should work from most mail readers, since that usually leaves the Subject: line in the right form (additional "Re:" text in the Subject: is okay). If you do not wish to be removed from this list, please simply disregard this message. If you think you are being maliciously removed from the list, or have any other questions, send them to cypherpunks-owner(a)lists.cpunks.org.

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Assange’s Case #FREEJULIANASSANGE
by zeynep＠keemail.me 19 May '22

19 May '22

Human rights expert urges Home Secretary not to extradite Julian Assange Via Alan Jones The Council of Europe Commissioner for Human Rights warned that extradition would have a ‘chilling effect’ on media freedom. An image of Julian Assange projected onto a building near St Paul’s cathedral in central London earlier this year (Victoria Jones/PA) An image of Julian Assange projected onto a building near St Paul’s cathedral in central London earlier this year (Victoria Jones/PA) (PA Wire) A human rights expert is urging the Government not to extradite WikiLeaks founder Julian Assange to the United States, warning it would have a “chilling effect” on media freedom. Dunja Mijatovic, the Council of Europe Commissioner for Human Rights, has written to Home Secretary Priti Patel, who is now considering whether the extradition can go ahead. The commissioner said the wider human rights implications of extradition had not been adequately considered, adding that the indictment by the US raised important questions about the protection of those that publish classified information in the public interest. The Government of the United Kingdom should not allow his extradition to the United States Dunja Mijatovic, Commissioner for Human Rights “Allowing Mr Assange’s extradition on this basis would have a chilling effect on media freedom and could ultimately hamper the press in performing its task as purveyor of information and public watchdog in democratic societies,” she wrote. “As I have previously stated, it is my position that, taking into account both these wider implications and the concerns raised by independent experts about Mr Assange’s treatment upon extradition, the Government of the United Kingdom should not allow his extradition to the United States. “I therefore call upon you to decide against the extradition of Mr Assange.”

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The financial world is changing at a rapid pace & blockchain trading is at the forefront
by professor rat 19 May '22

19 May '22

Richard Sandor’s latest book, Electronic Trading and Blockchain: Yesterday, Today, and Tomorrow is indispensable for understanding how and why this is happening https://www.amazon.com/Electronic-Trading-Blockchain-Yesterday-Tomorrow/dp/… Reposts not anaconda steal

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The next financial revolution will be a convergence of financial markets & the environment
by professor rat 19 May '22

19 May '22

vying to replace U.S. dollar Libor https://en.wikipedia.org/wiki/Richard_L._Sandor Repsots not encyclopedic

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[ot][spam][crazy][personal] inhibition: journaling
by Undiscussed Horrific Abuse, One Victim of Many 19 May '22

19 May '22

my experiences are responding to my prior post with an attempt to give their state of mind more power i'm presently working on a software library that can stimulate inhibition. it's at https://github.com/xloem/pyarweave . not sure what i'm doing next if this doesn't continue.

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