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The fate of MSNBC could be in Trump’s hands
  + stars: | 2024-11-21 | by ( Matt Egan | ) edition.cnn.com   time to read: +6 min
It’s true that analysts expect the Trump administration to generally be less hostile to mergers. Yet it’s also true that some Republicans – including some tapped to join the Trump administration – have been described as “Khanservatives” because they’ve called for tougher, not weaker, antitrust scrutiny. Earlier this year, Gaetz told NOTUS that the FCC chair’s work “inspired me” and he expressed hope she stays in power for a Trump administration. As Gaetz fights to survive a tough nomination process to be attorney general, Comcast dropped a bombshell in the media industry by spinning off MSNBC, CNBC, USA, Oxygen and other networks. “It’s hard not to look at the spinoff of CNBC and MSNBC as potentially a response to the new administration,” said Petro.
Persons: Donald Trump’s, Trump, Donald Trump, ” Craig Moffett, MoffettNathanson, Brendan Carr, Trump’s, Kamala Harris, Carr, Skydance’s, , Moffett, Jeffrey Sonnenfeld, Sonnenfeld, Gaetz, Vance, Lina Khan, it’s, they’ve, JD Vance, Khan, Biden, Matt Gaetz, NOTUS, , Brian Roberts, Will Trump, Frank Louthan, Raymond James, It’s, Louthan, Lee Petro, Dickinson, it’s “, Petro Organizations: New, New York CNN, Department, T’s, CNN, Timer Warner, Trump, Comcast, MSNBC, CNBC, NBC, DOJ, Federal Communications Commission, FCC, Paramount, Fox News, CBS, Yale, Leadership, Time Warner, Biden, Federal Trade, , Washington DC Locations: New York, Florida, USA
In January, Tesla disclosed that the Justice Department had requested documents related to its Autopilot and “Full Self-Driving” features. Both features are classified as driver-assist systems, and the company says on its website that the vehicles cannot drive themselves. For the first time, Tesla said in its filing that the investigations could damage the company's brand. Disclosing that vehicle range is under scrutiny “also reflects a concern about the company's representations about vehicle features,” said Frenkel, now a partner with Dickinson Wright in Washington. It's unclear if Tesla merely considered subpoenas as requests for information in prior quarterly disclosures, Frenkel said.
Persons: Tesla, Elon Musk, , Erik Gordon, Gordon, Jacob Frenkel, , Frenkel, Dickinson Wright, ” Frenkel, Musk Organizations: DETROIT, , Securities and Exchange Commission, Department of Justice, Justice Department, University of Michigan, DOJ, SEC, U.S . National, Traffic Safety Administration, NHTSA, Auto, Transportation Safety Locations: Austin , Texas, Washington, Austin, Florida, California
WASHINGTON, July 13 (Reuters) - Partnering with Coinbase Global (COIN.O) may hinder rather than help Nasdaq's (NDAQ.O) bid to win regulatory approval for a bitcoin exchange-traded-fund it wants to launch with BlackRock (BLK.N). The SEC has denied previous spot bitcoin ETF proposals on the basis that they would be vulnerable to manipulation. The SEC last month sued Coinbase, escalating SEC chair Gary Gensler's crackdown on the crypto industry. And with roughly 56% of U.S. dollar bitcoin trading, according to Nasdaq's filing, Coinbase is integral to the U.S. bitcoin market. All told, the SEC has 240 days after it accepts the bitcoin ETF filing applications to make a decision.
Persons: Larry Fink, Bitcoin, Coinbase, Gary Gensler's, John Reed Stark, Sui Chung, Gensler, Joseph Silvia, Dickinson Wright, Silvia, Chung, Richard Marshall, Katten, Marshall, Michelle Price, John McCrank, Hannah Lang, Will Dunham Organizations: Coinbase, BlackRock, Nasdaq, U.S . Securities, Exchange Commission, SEC, Cboe Global, Fidelity, FOX Business, Internet Enforcement, BlackRock's, Reuters, Thomson Locations: BlackRock, U.S
It may have helped Google to make a decision that many other East Coast employers did not that California-based companies have more experience with hazardous air quality issues. But one thing is certain: companies and workers should expect these wildfire-related air quality issues to return. The decisions companies make on these matters have significant legal and employee satisfaction ramifications, especially given the potential for future air quality issues. Air quality is becoming a broad employee health issue Between Covid, wildfires, radon and other environmental issues, there's been an increased awareness among employers and commercial real estate firms of the importance of air quality. Broadly speaking, companies need to be asking whether the systems they have in place are "adequate to ensure protection and safe air during very bad air quality events," he said.
Persons: David Dee Delgado, didn't, Eric Adams, Sedina Banks, Greenberg, Charles Simikian, Sara H, Dickinson Wright, it's, there's, Thomas Brugato, Nathan J, Oleson, Akin Gump, James Carbone Organizations: Summit, Vanderbilt, Getty, Google, New York, Safety, Health Administration, HR Partners, OSHA, Burling, Newsday Locations: Canada, New York, California, Asia, York, East, Maryland, Los Angeles, Washington, Covington, Islandia , New York
The assertion in the introduction that the Fed should focus on large bank capital requirements is disconnected from the report's conclusions. AMERICAN BANK ASSOCIATION PRESIDENT AND CEO ROB NICOLS"We take any bank failure seriously, and we will review the findings and proposed policy changes in these reports carefully, including where the conclusions may differ. JONATHAN MONDILLO, HEAD OF NORTH AMERICAN FIXED INCOME AT ABRDN"We're likely to see higher capital requirements. What that means for the overall markets is that the devil is in the details: how stringent those capital requirements will be. A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals."
Many commentators linked the lessons learned from the earlier crisis to the ongoing concerns about First Republic Bank. INSTITUTE OF INTERNATIONAL BANKERS CEO BETH ZORC"The IIB commends the Federal Reserve's timeliness of producing its report on SVB. "There are similarities between SVB's situation and what is happening with First Republic Bank: both are affected by the rapid movement of very large sums of money." A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals." "It feels isolated, than the rest of the regional bank system, feels like it's in a different place than where FRC is."
Some companies have expressed concern that a ruling against Jack Daniel's would weaken their control over their brands and reputations. The toy mimics Lynchburg, Tennessee-based Jack Daniel's famous whiskey bottles with humorous dog-themed alterations - replacing "Old No. "Jack Daniel's loves dogs and appreciates a good joke as much as anyone," the company told the justices in a brief. "But Jack Daniel's likes its customers even more, and doesn't want them confused or associating its fine whiskey with dog poop." VIP Products has said a ruling favoring Jack Daniel's would make it easier for trademark owners to stifle free speech.
NEW YORK, March 14 (Reuters) - SVB Financial Group (SIVB.O) said on Tuesday that Goldman Sachs Group Inc (GS.N) was the acquirer of a bond portfolio on which it booked a $1.8 billion loss, a transaction that set in motion the failure of SVB. The loss on the portfolio was the reason SVB, a technology-focused lender known as Silicon Valley Bank, attempted a $2.25 billion stock sale last week using Goldman Sachs as an adviser. The portfolio SVB sold to Goldman Sachs on March 8 consisted mostly of U.S. Treasuries and had a book value of $23.97 billion, SVB said. The transaction was carried out "at negotiated prices" and netted the bank $21.45 billion in proceeds, SVB added. Goldman Sachs' purchase of the bond portfolio was handled by a division that was separate from the unit that handled SVB's stock sale, according to a source familiar with the matter.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo former SEC and Treasury officials discuss the Justice Department's SVB investigationJacob Frenkel, Dickinson Wright Partner and Fmr. SEC Division of Enforcement Sr. Counsel Member, and Chris Campbell, Kroll Chief Strategist and Fmr. Assistant Secretary of the US Treasury for Financial Institutions, weigh in on the federal investigation into Silicon Valley Bank.
NEW YORK, March 14 (Reuters) - SVB Financial Group (SIVB.O) said on Tuesday that Goldman Sachs Group Inc (GS.N) was the acquirer of a bond portfolio on which it booked a $1.8 billion loss, a transaction that set in motion the failure of SVB. The loss on the portfolio was the reason SVB, a technology-focused lender known as Silicon Valley Bank, attempted a $2.25 billion stock sale last week using Goldman Sachs as an adviser. The portfolio SVB sold to Goldman Sachs on March 8 consisted mostly of U.S. Treasuries and had a book value of $23.97 billion, SVB said. The transaction was carried out "at negotiated prices" and netted the bank $21.45 billion in proceeds, SVB added. Goldman Sachs' purchase of the bond portfolio was handled by a division that was separate from the unit that handled SVB's stock sale, according to a source familiar with the matter.
But the momentum already behind the secretive private credit space has picked up — fast. He was witnessing a new willingness from borrowers to turn first to private credit, a market that has grown yet generally remains more opaque than its public-market counterparts. "Borrowers used to look at these banks and say, 'Look, the banks, they've been around forever. The private lenders say that privacy is all part of the pitch. Money managers smell opportunityThe momentum already behind the secretive private credit space has gained steam as the SVB collapse pushes companies to consider alternate sources of debt and, on the other side, private credit managers seek out new targets.
Two months after the pharmacy startup Medly declared bankruptcy, Walgreens is buying up its core business. The startup wanted to sell off the leases for its remaining stores, as well as other assets, Medly's lawyer said during the Tuesday hearing. But Walgreens didn't bid on those assets during Medly's February bankruptcy auction, leaving Medly in control of its remaining stores. The bankruptcy filings revealed that CVS also placed a bid for Medly's pharmacy scripts and other assets. The sale of its pharmacy assets to a major drugstore chain shows just how hard it is to innovate in the pharmacy industry.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSam Bankman-Fried will likely be arraigned in U.S. court soon, says Dickinson Wright's Jacob FrenkelJacob Frenkel, chair of the government investigations and securities enforcement practice at Dickinson Wright, joins CNBC's 'Squawk Box' to discuss the case against FTX's Sam Bankman-Fried and plans for extradition to the U.S.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTX founder Sam Bankman-Fried should fight extradition, says Dickinson Wright's Jacob FrenkelJacob Frenkel, chair of the government investigations and securities enforcement practice at Dickinson Wright, joins CNBC's 'Squawk Box' to discuss the fallout of FTX and weighs in on the extradition of its jailed founder Sam Bankman-Fried.
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