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☆ China VC slump is set to drag Asia-Pacific fundraising down to a decade low
▼ + stars: | 2023-07-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Jason Lee | ReutersBEIJING — China-focused venture capital and other private investment funds have had a slow start to the year and are set to drag down Asia-Pacific fundraising to the lowest in 10 years. Alternative assets include venture capital, but not publicly traded stocks and bonds. watch nowChina-focused venture capital funds raised $2.7 billion in the second quarter, a drop of more than 50% from the first quarter, Preqin said. That dragged down overall VC fundraising in Asia-Pacific to $4.5 billion in the second quarter, the lowest in at least five years, the report said. In China, new rules for private investment funds are set to take effect Sept. 1, with a stated goal of "guiding" venture capital investment for long-term investment in "innovative startups."

Persons: Jason Lee, Angela Lai, Preqin, Andrew J, Sherman, Brown Rudnick, Lai Organizations: Reuters, U.S, D.C, CNBC, Partners Locations: Reuters BEIJING — China, Asia, Pacific, Preqin, China, U.S, Sherman , Washington, India, Japan

U.S. Bankruptcy Judge Jeffrey Graham in Indianapolis had dismissed Aearo Technologies' bankruptcy on Friday, finding that it was "fatally premature." Despite the "staggering" number of earplug lawsuits, Aearo has significant financial support from 3M and enjoys a "greater degree of financial security than warrants bankruptcy protection," Graham ruled. 3M and Aearo had argued that the earplug litigation had spiraled out of control and could be resolved only in bankruptcy. The case is Aearo Technologies LLC, U.S. Bankruptcy Court for the Southern District of Indiana, No. Read more:US judge rejects 3M effort to resolve earplug lawsuits in bankruptcy3M foes act fast to capitalize on J&J’s talc bankruptcy defeat3M earplug bankruptcy creates "corrosive" tension with other courts, attorney saysBankruptcy as MDL escape hatch?

Persons: Jeffrey Graham, Aearo, Graham, Chad Husnick, Kirkland & Ellis, Melanie Cyganowski, Bryan Aylstock, Christopher Seeger, Seeger Weiss, David Molton, Brown Rudnick, Michael Tuchin, Kevin Maclay, Read, Dietrich Knauth Organizations: Aearo Technologies, 3M, Bankruptcy, Southern, Southern District of, Kirkland &, KTBS, Caplin, Drysdale, Thomson Locations: U.S, Indianapolis, Pensacola , Florida, Southern District, Southern District of Indiana, Kirkland, Witkin

☆ See the pitch deck these 2 best friends made on Canva to raise $675,000 for their tequila brand
▼ + stars: | 2023-05-04 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +4 min

They registered their tequila brand, Pimantae, while working full-time jobs in 2021. They decided to pursue angel investors and used a pitch deck they made on Canva. They considered crowdfunding and venture capital as financing options, but settled on approaching angel investors. With their first investor locked in, other investors started expressing interest. They closed their pre-seed round in September 2022 having raised £545,000, or around $675,000, between 13 angel investors and Distill Ventures — far exceeding their original £250,000 goal.

☆ Potential regulator challenges to Big Tech M&A may have far-reaching consequences for the tech ecosystem
▼ + stars: | 2023-03-30 | by ( Paayal Zaveri | April Joyner | ) www.businessinsider.com time to read: +6 min

M&A deals involving large tech companies may get harder as US regulators ramp up scrutiny. If regulators increase scrutiny, it could deter other large tech companies from buying startups. More challenges to proposed tech M&A deals may also mean that the pool of potential acquirers shrinks. Of course, there are cases where a large tech company seeks to buy out a smaller, more innovative competitor because it is scared of getting displaced. "There has to be the hope and dream of selling to a larger tech company some day," Sherman said.

A lawyer for Johnson & Johnson’s subsidiary said in a statement that the company would seek a rehearing of the panel’s decision by the full 3rd Circuit court. Gordon’s strategy worked in bankruptcy court but set up J&J for failure when it faced the 3rd Circuit appeals panel. Gordon, at the bankruptcy conference, described the lawsuits as “completely unmanageable” and a dire threat to J&J that could go on for decades. The 7th Circuit Court of Appeals is expected to hear arguments in coming months on a challenge to the 3M subsidiary’s bankruptcy. The litigation, they asserted, should be allowed to proceed against Georgia-Pacific because the parent company did not file for bankruptcy.

The balance shown in the unredacted BlockFi filing includes $415.9 million worth of assets linked to FTX and $831.3 million in loans to Alameda. Both of Bankman-Fried's firms were wrapped into FTX's November bankruptcy, which sent the crypto markets reeling. Bankrupt crypto lender BlockFi had over $1.2 billion in assets tied up with Sam Bankman-Fried's FTX and Alameda Research, according to financials that had previously been redacted but were mistakenly uploaded on Tuesday without the redactions. In all, the crypto lender has unadjusted assets worth almost $2.7 billion, with close to half tied to FTX and Alameda, the presentation shows. After all adjustments, BlockFi has just shy of $1.3 billion in assets, only $668.8 million of which is described as "Liquid / To Be Distributed."

☆ Boies law firm makes odd moves in FTX case against Tom Brady, celebs
▼ + stars: | 2022-12-15 | 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

That was apparently not what the Boies and Moskowitz firms were hoping. In mid-November, the firms filed the first of their three FTX lawsuits in federal court. On Nov. 21, the Boies and Moskowitz firms filed a second FTX class action, this time on behalf of non-U.S. FTX customers. The day after Bloom’s assignment to the case, the Moskowitz and Boies firms voluntarily dismissed the two previously-filed FTX class actions before Moore and Gayles. “As we got more cases, we filed more cases,” Moskowitz said.

Circuit Court of Appeals said Monday. Punchbowl Inc sued Punchbowl News' parent company, AJ Press LLC, for trademark infringement last year in Los Angeles federal court. The appeals court also agreed with the lower court that AJ Press' name was not misleading. Circuit Court of Appeals, No. For Punchbowl Inc: Peter Willsey of Brown RudnickFor Punchbowl News: Ian Ballon of Greenberg TraurigOur Standards: The Thomson Reuters Trust Principles.

☆ Binance's bid for FTX marks one of the wildest days in crypto history
▼ + stars: | 2022-11-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Sam Bankman-Fried, founder of crypto exchange FTX. In a stunning reversal of fortune for an industry built on reversals of fortune, Bankman-Fried, more commonly known as SBF, announced that FTX, the crypto exchange he founded, would be acquired by rival exchange Binance. From a deals perspective, a few things worth noting:There wasn't a banker in sight for what could arguably be one of the most important transactions in the history of the crypto industry. for what could arguably be one of the most important transactions in the history of the crypto industry. Here's everything to know about the lead up to one of the wildest deals in crypto history.

☆ Court records show law firm Brown Rudnick was hacked in 2020 and its insurance paid a $2 million ransom
▼ + stars: | 2022-11-08 | by ( Jack Newsham | ) www.businessinsider.com time to read: +2 min

The law firm's cyber insurer paid a ransom and wants to hold a tech vendor liable for $2.4 million. The law firm was one of several breached, including Goodwin Procter and Jones Day. The law firm Brown Rudnick paid criminal hackers $2 million in 2020 so they wouldn't publish confidential records online, and its insurer is still trying to recoup the money it spent responding to the attack, Insider has discovered. The software company paid out millions of dollars to settle with people and businesses impacted by the hack. Brown Rudnick’s name was included in a technical alert that was pasted into the lawsuit by its insurance company.

☆ Kanye West is no longer working with the white-shoe lawyers who helped him break his deal with the Gap. Here's what they have to say.
▼ + stars: | 2022-10-26 | by ( Jack Newsham | ) www.businessinsider.com time to read: +2 min

Now his lawyers at Cadwalader and Brown Rudnick appear to be distancing themselves. Now, even lawyers that have prided themselves on representing controversial clients appear to be doing the same. A Brown Rudnick spokesman didn't immediately respond to a request for comment on the TMZ report. Ekwan Rhow, a principal at the law firm Bird Marella, previously referred to himself as a "personal adviser" to West in his online biography, an archived version shows. Gravante made a similar comment to the Cadwalader spokesman when asked for comment about the "Love Lockdown" singer.

Johnson & Johnson has said it would provide a fair amount of money to the subsidiary to pay claims. Johnson & Johnson, valued at more than $450 billion, had about $31 billion in cash and marketable securities on hand at the end of the third quarter, securities filings show. One would absorb all the talc liability; the other would carry on the business free from the threat of billion-dollar judgments. Levesque replied that the “technical aspect” of the subsidiary bankruptcy wasn’t likely to cause concern about J&J’s creditworthiness. Is that what you're saying?” asked Jeffrey Jonas, a Brown Rudnick lawyer representing a creditors committee comprising talc plaintiffs.

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☆ В США 34 женщины подали в суд на Pornhub за размещение видео без их согласия
▼ + stars: | 2021-06-19 | by ( ) ru.diez.md time to read: +1 min

В США 34 женщины подали в суд на Pornhub за размещение видео без их согласия34 женщины подали гражданский иск в Калифорнии к компании Mindgeek, владеющей стриминговым сайтом Pornhub. По словам женщины, позже ролик был размещен на Pornhub без ее согласия. Представители Pornhub заявили, что ресурс категорически не приемлет незаконного контента и расследует любые жалобы по поводу размещенных на сайте видеороликов. Владельцы PornHub пошли на такой шаг после публикациив в The New York Times статьи The Children of Pornhub. Автор рассказал истории подростков, чьи видео оказались на Pornhub без их согласия, и призвал крупные компании отказаться от сотрудничества с платформой.

Persons: Brown Rudnick, Николас Кристоф Organizations: Brown Rudnick LLP, New York Times, ВВС Locations: США, Калифорния

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