March 2024 - cypherpunks@lists.ogf.org

TikTok Plans Full Legal Fight If US Divestment Bill Becomes Law
by Gunnar Larson 13 Mar '24

13 Mar '24

TikTok Plans Full Legal Fight If US Divestment Bill Becomes Law https://www.bloomberg.com/news/articles/2024-03-12/tiktok-plans-full-legal-… TikTok intends to exhaust all legal challenges before it considers any kind of divestiture from Chinese parent company ByteDance Ltd. if the latest US legislation targeting the app becomes law, according to people familiar with the matter.

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Forex Firm Wants CFTC Sanctioned For 'Bad Faith' Behavior
by Gunnar Larson 12 Mar '24

12 Mar '24

Forex Firm Wants CFTC Sanctioned For 'Bad Faith' Behavior <https://www.law360.com/capitalmarkets/articles/1812228?nl_pk=abe82add-2a33-…> By Jessica Corso A foreign exchange firm accused by the U.S. Commodity Futures Trading Commission of defrauding customers is calling on a New Jersey federal judge to sanction the agency for a "pattern of misconduct" that includes knowingly submitting false statements to the court and attempting to intrude on attorney-client privilege. Motion attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1812228?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1812228?nl_pk=abe82add-2a33-…>

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Ex-K&L Gates Atty Wants Out Of Prison In Cyberstalking Case
by Gunnar Larson 12 Mar '24

12 Mar '24

Ex-K&L Gates Atty Wants Out Of Prison In Cyberstalking Case <https://www.law360.com/capitalmarkets/articles/1812300?nl_pk=abe82add-2a33-…> By Jake Maher A former K&L Gates LLP partner sentenced to two years in prison for cyberstalking and harassing his colleagues has moved for compassionate release seven months before his release date, citing his deteriorating health and poor living conditions behind bars. Memorandum attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1812300?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1812300?nl_pk=abe82add-2a33-…>

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Writers Target Nvidia, Databrick In AI Copyright Litigation
by Gunnar Larson 12 Mar '24

12 Mar '24

Writers Target Nvidia, Databrick In AI Copyright Litigation <https://www.law360.com/technology/articles/1812246?nl_pk=2bd720dd-746c-4744…> By Adam Lidgett Several writers have filed a pair of proposed class actions in California federal court that accuse technology-based companies of ripping off their copyright-protected works. 2 documents attached | Read full article » <https://www.law360.com/technology/articles/1812246?nl_pk=2bd720dd-746c-4744…> | Save to favorites » <https://www.law360.com/technology/articles/1812246?nl_pk=2bd720dd-746c-4744…>

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NYC Youth Services Group Hits Ch. 11, Folds After 200 Years
by Gunnar Larson 12 Mar '24

12 Mar '24

NYC Youth Services Group Hits Ch. 11, Folds After 200 Years <https://www.law360.com/newyork/articles/1811789?nl_pk=ac5a3855-e47c-4403-be…> By Vince Sullivan A 200-year-old nonprofit that provides foster care and youth education services in New York City filed for Chapter 11 protection, saying decreased demand for its programs at the onset of the COVID-19 pandemic ultimately led it to financial ruin. 2 documents attached | Read full article » <https://www.law360.com/newyork/articles/1811789?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1811789?nl_pk=ac5a3855-e47c-4403-be…>

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NY Gubernatorial Absence Provision Is Obsolete And Harmful
by Gunnar Larson 12 Mar '24

12 Mar '24

NY Gubernatorial Absence Provision Is Obsolete And Harmful <https://www.law360.com/newyork/articles/1810133?nl_pk=ac5a3855-e47c-4403-be…> An outdated provision in the New York Constitution means that the governor loses power whenever they leave the state, creating legal uncertainty and undermining confidence in the rule of law — but fortunately, the solution is straightforward, say Liam Turner and John Rogan at Fordham Law School. Read full article » <https://www.law360.com/newyork/articles/1810133?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1810133?nl_pk=ac5a3855-e47c-4403-be…>

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‘Banking-as-a-Service’ startup Griffin raises $24M as it attains full banking license | TechCrunch
by Gunnar Larson 12 Mar '24

12 Mar '24

https://techcrunch.com/2024/03/10/banking-as-a-service-startup-griffin-rias… Founded by former Silicon Valley engineers, U.K.-based Griffin Bank, an API-driven banking-as-a-service (BaaS) platform, just obtained a banking license, roughly one year after starting the application process. This means it has been given the green light from the U.K.’s financial services regulators, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), to exit “mobilization” and launch as a fully operational bank.

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Panama Port Fight Belongs In Chancery Court, H.K. Co. Says
by Gunnar Larson 12 Mar '24

12 Mar '24

Panama Port Fight Belongs In Chancery Court, H.K. Co. Says <https://www.law360.com/delaware/articles/1812388?nl_pk=8f2e5a76-bb66-462b-a…> By Caroline Simson A Hong Kong company alleging that its interest in a lucrative port project near the Atlantic entrance to the Panama Canal is being stolen has urged a Delaware federal court to remand its lawsuit back to the Chancery court, saying the suit's removal last month was a delay tactic. Brief attached | Read full article » <https://www.law360.com/delaware/articles/1812388?nl_pk=8f2e5a76-bb66-462b-a…> | Save to favorites » <https://www.law360.com/delaware/articles/1812388?nl_pk=8f2e5a76-bb66-462b-a…>

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Wells Fargo Abruptly Terminating Customers' Bank Accounts, Say Attorneys General in 16 States, Demanding Immediate Freeze on Lender’s Alleged Debanking Practices - The Daily Hodl
by Gunnar Larson 12 Mar '24

12 Mar '24

https://dailyhodl.com/2024/03/10/wells-fargo-abruptly-terminating-customers… More than a dozen state attorneys general (AGs) are accusing banking titan Wells Fargo of abruptly terminating customers’ accounts without warning. In a letter addressed to Wells Fargo CEO Charles Scharf, 16 Republican AGs across the country accuse the trillion-dollar lender of debanking customers in a political and discriminatory manner. ADVERTISEMENT The AGs say Wells Fargo has started a new trend that looks at clients’ political views as a basis for retaining banking access. “Within this context, Wells Fargo’s decisions to debank Republican candidates and gun industry participants reveal a new troubling trend… Blanket prohibitions and policies against providing service to certain customers lead to the inevitable question – who is next? Which types of companies or people will Wells Fargo determine cannot be allowed as customers? Is this why Wells Fargo apparently closed the accounts of former Republican candidates Lauren Witzke and Pete D’Abrosca on the same day in 2021?” The AGs say the alleged pattern may be in violation of state laws.

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NY Man's COVID Loan 'Greed' Merits 10 Years, Feds Say
by Gunnar Larson 12 Mar '24

12 Mar '24

NY Man's COVID Loan 'Greed' Merits 10 Years, Feds Say <https://www.law360.com/banking/articles/1812314?nl_pk=feb6bbba-7878-4d39-be…> By Parker Quinlan Federal prosecutors have asked a New York judge to sentence a Long Island man to 10 years in prison for his role in a scheme to steal more than $10 million from the Paycheck Protection Program and other pandemic-era disaster relief programs. Memorandum attached | Read full article » <https://www.law360.com/banking/articles/1812314?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1812314?nl_pk=feb6bbba-7878-4d39-be…>

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