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The lawyers want a judge to approve $229 million in fees, or $10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery. The legal fee and the settlement must be approved by a Delaware judge at a hearing scheduled for October. The Telsa directors have not objected to the fee request but are expected to do so, according to a court filing by the plaintiffs' lawyers. In 2012, the Delaware Supreme Court affirmed a $304 million fee in a Southern Copper shareholder lawsuit involving $2 billion of damages. The Delaware Court of Chancery judge overseeing the Tesla case, Kathaleen McCormick, has scheduled a hearing on Oct. 13 to approve the settlement and the fee.

Persons: Tesla's, James Murdoch, Larry Ellison, Bleichmar Fonti, McCarter, Ronald King, Clark Hill, George Bauer, David Paige, Paige, Kathaleen McCormick, Tom Hals, Amy Stevens, Marguerita Choy Organizations: REUTERS, Partners, Bleichmar, Shukurov, Advisors, Southern, Thomson Locations: Oslo, Norway, Victoria, WILMINGTON , Delaware, Delaware's Court, Delaware, New York, Wilmington , Delaware, Lansing , Michigan

☆ Asia stocks drop to month low as US CPI fails to enthuse
▼ + stars: | 2023-08-11 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

The yen touched a six-week low of 144.89 per dollar in early trade, though volumes were thinned owing to a public holiday in Japan. Its stock markets were closed and Treasuries went untraded in the Asia session. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.7% with stocks in Hong Kong and China the biggest drag. Headline U.S. CPI was 0.2% last month, the same as a month earlier, and the details were encouraging - with core goods inflation slowing down and only rents proving stubbornly sticky. DOLLAR GAINSIn foreign exchange markets, choppy trade in the wake of the inflation data left the dollar on course for a weekly gain.

Persons: Issei Kato, Treasuries, Mary Daly, Andrew Lilley, Philip Lowe, Nozomu Ogawa, Sally Auld, JB, There's, HSI, Tom Westbrook, Muralikumar Anantharaman Organizations: REUTERS, SYDNEY, Headline U.S, CPI, San Francisco Fed, Yahoo Finance, Daiwa, Markets, HK, Chevron, Brent, Thomson Locations: Tokyo, Japan, U.S, Asia, Pacific, Hong Kong, China, Sydney, New York, Australia

☆ Asia stocks slip as US CPI fails to enthuse; dollar up
▼ + stars: | 2023-08-11 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. The yen touched a six-week low of 144.89 per dollar in early trade on Friday, though volumes were thinned owing to a public holiday in Japan. Its stock markets were closed and Treasuries went untraded in the Asia session. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged 0.2% lower and headed for a 1% weekly loss. In stock markets, Chinese property stocks were taking a fresh beating on giant developer Country Garden (2007.HK), which is struggling with its debts, forecasting a $7.6 billion net loss in the first half.

Persons: Issei Kato, Treasuries, Mary Daly, Andrew Lilley, Sally Auld, JB, Tom Westbrook, Muralikumar Organizations: REUTERS, U.S ., Headline U.S, CPI, San Francisco Fed, Yahoo Finance, U.S . Treasury, HK, Star Entertainment, Chevron, Thomson Locations: Tokyo, Japan, U.S, Asia, Pacific, Sydney, New York, Hong Kong, Alibaba, HK, New South Wales, Woodside, WDS.AX

☆ He Was Tortured During the Troubles. ‘They’re Trying to Kill Me.’ - The New York Times
▼ + stars: | 2023-08-08 | by ( Tom Besley | ) www.nytimes.com time to read: +1 min

Fifty-two years later, as a young man in 1971, Mr. Auld was one of 14 civilians accused of having links to the I.R.A. and tortured by the British forces in Northern Ireland. Another 52 years have since passed, and Mr. Auld is now an experienced falconer, a pursuit that has allowed him to find some measure of calm. In 1978, the European Court of Human Rights ruled that he and the other detainees — known as the Hooded Men — weren’t tortured. Mr. Auld continues to call for their full responsibility: “As human beings, we are better than this.”

Persons: Jim Auld, ”, William Butler Yeats, “, falconer, Auld, weren’t Organizations: Independence, of Human Rights, The Police Service of Northern Locations: Ireland, British, Northern Ireland, Belfast, The Police Service of Northern Ireland

The lawyers said in the filing that the $725 million settlement is the largest data-privacy recovery in history and the largest private settlement Facebook has ever agreed to. Meta and an outside lawyer for the company from Gibson, Dunn & Crutcher did not immediately respond to requests for comment on the fee request on Thursday. While a 25% fee amounts to $181,250,000, the fees paid from the settlement fund would be about $180,449,782, the lawyers wrote. The company and its outside law firm, Gibson Dunn, already paid about $800,217 in sanctions, which can be deducted from the total fees, they wrote. The company did not admit wrongdoing as part of the settlement, which the judge granted preliminary approval of in March.

Persons: Keller Rohrback, Fonti, Auld, Derek Loeser, Lesley Weaver, Bleichmar Fonti, Dunn, Crutcher, Gibson Dunn, Vince Chhabria, Meta, Read, Sara Merken, Leigh Jones Organizations: San, Facebook, Meta, Gibson, U.S, Cambridge, Thomson Locations: San Francisco federal

☆ Watch a parking lot of around 100 Teslas put on a light show tribute to the Oscar-winning song 'Naatu Naatu'
▼ + stars: | 2023-03-21 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

A video on Twitter shows around 100 Tesla vehicles performing a light show to the popular song "Naatu Naatu." The official "RRR" account also shared footage from the event, which has racked up over 8.8 million views. Custom Tesla light show websites created by Tesla fans have also cropped up. The website TeslaLightShows.io allows users to upload and download free custom light shows from other Tesla owners. To perform a light show, Tesla owners can follow similar set-up instructions as setting up Tesla's "Boombox" feature, per Tesla's website.

☆ Facebook, Gibson Dunn sanction order is light on dollars, heavy on message
▼ + stars: | 2023-02-10 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

CompaniesCompanies Law firms Meta Platforms Inc FollowFeb 10 (Reuters) - To Facebook parent Meta Platforms Inc (META.O) and its lawyers at Gibson, Dunn & Crutcher, $925,000 isn't a whole lot of money. Chhabria, as you've probably heard, ordered Facebook and its lawyers to pay that sum to plaintiffs' lawyers as recompense for their bad-faith litigation tactics. "Does anyone really think that Facebook was planning on taking this case to trial?" This is, by far, the most likely explanation for Facebook and Gibson Dunn’s conduct." Facebook and its lawyers fell into their roles with ease, and then they took things way too far.”Gibson Dunn and Meta both declined to provide a statement on Chhabria’s order.

☆ M&A Is Expected to Pick Up in 2023 as Companies Adapt to Tougher Conditions
▼ + stars: | 2023-01-06 | by ( Kristin Broughton | ) www.wsj.com time to read: +8 min

But many companies adapted, structuring deals to sidestep market volatility and minimize financing costs. Deal advisers expect M&A to pick up in 2023 following last year’s slump, though when that will happen remains an open question. That is especially true in the technology and healthcare sectors, where deals for high-growth companies are most common, she said. In addition to macroeconomic pressures, companies faced a tougher regulatory environment in 2022, with antitrust enforcers globally applying greater scrutiny to large transactions. Demand for such facilities in the U.S. jumped 17% in 2022 through Dec. 29 compared with the full-year 2021, to $317.3 billion, according to Dealogic.

☆ French team K-Challenge Racing named as challenger for America's Cup
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

Jan 3 (Reuters) - French team K-Challenge Racing has been announced as a challenger for the 37th America's Cup to be held in Barcelona in 2024, organisers said on Tuesday. The Royal New Zealand Yacht Squadron retained the 'Auld Mug' in Auckland in 2021 when they beat Italian challenger Luna Rossa. Societe nautique de Saint-Tropez and their representative team are led by K-Challenge Racing CEO Stephane Kandler and Bruno Dubois. They will race in the Challenger Selection Series - the Prada Cup - in September 2024 where the winner earns the right to challenge the defender for the America's Cup. The 37th America's Cup, a best-of-13-races event, will be held along Barcelona's beachfront and begins on Oct. 12, 2024.

☆ Lasers revealed 5 ancient civilizations that were hiding in plain sight
▼ + stars: | 2023-01-01 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +5 min

Archeologists beam lasers from the sky to unearth ancient settlements hiding in plain sight. State-of-the-art laser technology is transforming archaeology by creating 3D renderings of ruins. A hidden 2,000-year-old Mayan civilization in northern GuatemalaResearchers found a 2,000-year-old Mayan civilization in northern Guatemala using LiDAR. 61,000 previously unknown structures hidden under the dense Guatemalan jungleLiDAR laser technology found ancient cities with more than 60,000 structures in Guatemala. An overgrown ancient civilization buried in the Bolivian AmazonA LiDAR image of an ancient Amazonian urban network in what is now Bolivia.

☆ New Mexico city passes ordinance to block abortion clinics from operating
▼ + stars: | 2022-11-08 | by ( Brad Brooks | ) www.reuters.com time to read: +4 min

HOBBS, New Mexico, Nov 7 (Reuters) - A New Mexico town near the Texas border on Monday unanimously passed an ordinance designed to ban abortions, despite the procedure being legal in the state. The so-called "sanctuary city for the unborn" ordinance blocks abortion clinics from operating and its passage by the Hobbs city commission marks a first for a town in a state controlled by the Democratic Party, according to anti-abortion advocates. The all-male Hobbs city commission voted 7-0 to approve the ordinance after hearing from several speakers on both sides of the issue. Another New Mexico city, Clovis, last week indefinitely postponed a similar ordinance, with city commissioners there saying they felt it was too rushed. Reporting by Brad Brooks in Hobbs, New Mexico; Editing by Donna Bryson and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

☆ Dollar towering, stocks cowering as Fed hikes higher
▼ + stars: | 2022-09-22 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

read moreS&P 500 futures were down 0.6% and the dollar was flying in early trade. The dollar index hit a 20-year high of 111.65 and the greenback's strength sent the Aussie, kiwi and Canadian dollars down to fresh multi-year lows. The Fed raised rates sharply, by 75 basis points, on Wednesday - the third such rise in a row. The yen is down about 20% on the dollar this year and at 144.29 per dollar is near a 24-year low. The U.S. dollar index hit a 20-year peak of 111.63 in the wake of the Fed hike.

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