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SummaryLaw Firms FTX founder allegedly misappropriated customer funds for European acquisitionFTX failed to find a buyer for the company in bankruptcy saleNEW YORK, July 13 (Reuters) - Bankrupt crypto exchange FTX sued insiders at FTX Europe AG late Wednesday, seeking to recover $323 million that FTX had invested in an ill-fated expansion into European crypto markets. After FTX filed for bankruptcy in November, it sought to sell FTX Europe, only to conclude that no buyer would offer meaningful value for the company, according to FTX. FTX acquired Digital Assets for nearly $400 million in three transactions in 2020 and 2021, hoping to obtain regulatory approvals and expand into European markets. FTX filed for bankruptcy protection in November, saying it was unable to completely repay customers who had deposited funds on its exchange. Prosecutors have charged Bankman-Fried, 31, with stealing billions of dollars in FTX customer funds to cover losses at its affiliated hedge fund Alameda Research.

Persons: FTX, Sam Bankman, Patrick Gruhn, Robin Matzke, Brandon Williams, Cosima Capital, Williams, Fried, Gruhn, Steven Holley, Stephen Ehrenberg, Brian Glueckstein, Christopher Dunne of Sullivan, Cromwell, Read, Clinton, Dietrich Knauth Organizations: FTX, AG, DA AG, Assets, Matzke, Gruhn, Prosecutors, Alameda Research, Trading, Bankruptcy, District of, Cromwell LLP, Thomson Locations: Zurich, Switzerland, Europe, Delaware, Matzke, Oregon, Alameda, U.S, District of Delaware

☆ New York City Sues Queens Library Architects Over Lack of Accessibility
▼ + stars: | 2023-06-07 | by ( Lola Fadulu | ) www.nytimes.com time to read: +1 min

A few years back, architects designed a public library in Queens that has been lauded as one of the most stunning public buildings produced in New York in a century. But it is also rife with obstacles for people with disabilities, according to city officials who are now suing the designers for the $10 million they say it will cost to fix. At the Queens Public Library at Hunters Point, a staircase that runs from the lobby to the second floor is the only way to access three areas that have built-in desks with charging stations. A ramp that leads to the rooftop terrace, which has sweeping views of Manhattan, has a slope that is unlawful, the city argues. City officials have accused the architects of a “breach of contract and professional malpractice.” The city’s law department declined to comment beyond what’s in the lawsuit.

Persons: Steven Holl, Christopher McVoy Organizations: Queens Public Library, Steven Holl Architects Locations: Queens, New York, Manhattan

☆ See NYC's charmless supertall skyscrapers, which one critic is calling a showy display of billionaires' stranglehold on America
▼ + stars: | 2023-05-29 | by ( Dan Latu | ) www.businessinsider.com time to read: 1 min

Billionaires' Row. C. Taylor Crothers/Contributor/Getty ImagesIn "Sky-High: A Critique of NYC's Supertall Towers from Top to Bottom," out from PA Press on June 27 and with photography by Bruce Katz, writer Eric P. Nash dives into the current state of Manhattan development, in which the supertall reigns supreme. It's a generation of architecture he is less than impressed with. He gamely takes turns explaining New York City's new skyline by plucking out its newest additions and dunking on what architect Steven Holl called "profane spires." Nash argues this moment's infatuation with supertalls has choked resources for civic buildings and affordable low-rise housing, and turned big-name architects' attention away from projects that would benefit a larger population because they lack the prestige that supertalls offer.

☆ Bodycam footage shows cops forcefully arresting a Black family at a Starbucks car park. A jury awarded them $8.25 million in damages.
▼ + stars: | 2023-03-16 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

A Black mother and her two daughters were detained at a Starbucks car park in California in 2019. A California jury awarded the family more than $8 million on Wednesday, court documents show. After an altercation, Holland ordered all three family members out of the car and detained them, the video shows. The Alameda County Sheriff's Office did not immediately respond to Insider's for comment. It happened in a Starbucks car park, not in the actual shop.

☆ Bodycam footage shows cops forcefully arresting a Black family at Starbucks. A jury awarded them $8.25 million in damages.
▼ + stars: | 2023-03-09 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

A Black mother and her two daughters were detained at a Starbucks in California in September 2019. Bodycam footage shows the family were handcuffed after the mother refused to show her ID. A California jury awarded the family more than $8 million on Wednesday, court documents show. After an altercation, Holland ordered all three family members out of the car and detained them, the video shows. The Alameda County Sheriff's Office did not immediately respond to Insider's for comment.

[1/2] A Pilot Flying J travel center is pictured, as motor fuel retailer has expanded into oil and petroleum trading, transportation and biofuels, in Channelview, Texas, U.S., October 31, 2021. REUTERS/Gary McWilliams/File PhotoFeb 14 (Reuters) - U.S. fuel retailer Pilot Company is trimming its energy trading operation, according to three people familiar with the matter, days before billionaire investor Warren Buffett is expected to take majority control of the firm. About 15 employees were released on Monday, most tied to an expansion two years ago into crude oil trading, said two of the people. "Pilot Company is committed to sustained growth and innovation across our travel center network and energy division," Konar said. That year, Pilot expanded its fuel trading business by adding financial trading and a Mexico trading specialist to gain better insight into the market and sell fuel it did not need for its own operations.

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