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A screengrab from the website of U.S. company Extreme Networks shows Russian manager Sergey Gusakov. The IT equipment sold in Russia by Gusakov's company Vektor-T is assembled in China and contains U.S. microprocessors, according to the people familiar with the matter and photographs seen by Reuters. "These violations will lead to a heavy strike to the reputation of the Extreme company against the background of the war in Ukraine," the complaint said. The photographs obtained by Reuters of the insides of switches sold by DCN and Vektor-T clearly show one of each. "The U.S. technology proportion of DCN products is very small," he said.
Persons: Sergey Gusakov, Gusakov, haven't, Sergey Gusakov’s, spokespeople, DCN, Marvell, Lattice, David Gauthier, Aram Roston, Daniel Flynn Organizations: Marvell Technology Inc, Lattice Semiconductor Corp, Reuters, Handout, REUTERS, Extreme Networks Inc, U.S ., Extreme Networks, Extreme, CIS, China Information Technology Ltd, Marvell, Lattice, U.S, Thomson Locations: China, U.S, Russia, Ukraine, Soviet, Moscow, Gusakov, Kazakhstan, Russian, Oryol, Wilmington , DE, Hillsboro, Villars, Istanbul, Washington
Companies Walt Disney Co FollowWILMINGTON, Delaware, June 27 (Reuters) - The Walt Disney Co (DIS.N) board did not act negligently when it criticized a sexual identity bill signed by Florida Governor Ron DeSantis, a Delaware judge ruled on Tuesday, in a case the judge said was improperly directed by a conservative legal group. The ruling by Lori Will of Delaware's Court of Chancery means that Disney will not have to turn over internal records including years of board members' emails sought by shareholder Kenneth Simeone, who sued Disney in December. Disney's criticism touched off a war of words with DeSantis and led to the state removing the company's control of a special administrative district that promotes development around the Walt Disney World resort. DeSantis, who is seeking the Republican presidential nomination, has used his battle against what he calls "woke Disney" to raise his national profile. Simeone, Jonna and Disney did not respond immediately to requests for comment.
Persons: Ron DeSantis, Lori Will, Kenneth Simeone, Will, Disney, Paul Jonna, Tom Hals, Jamie Freed Organizations: Walt Disney Co, Florida, Delaware's, Disney, Walt Disney, Thomas More Society, Thomson Locations: WILMINGTON , Delaware, Delaware, Wilmington , Delaware
Fully remote jobs are getting harder to come by, but the competition for work-from-home jobs is especially fierce in some parts of the country. Just two years ago, remote jobs in Bend attracted about 42% of applications. Nationally, just 11% of open jobs on LinkedIn offer remote work, but they attract close to 50% of total job applications as of May. Bend, in particular, became popular among newly mobile tech workers from Silicon Valley and Seattle. Check out: How return-to-office battles and remote work are making America's burnout problem worse
Persons: George Anders, LinkedIn's, Kelly Evans Organizations: LinkedIn, Port, Fort Walton, Big Tech, Google, Microsoft, Apple Locations: Bend, U.S, Asheville, N.C, Wilmington, Myrtle, S.C, Spokane, Coeur d'Alene, Wash, Sioux, S.D, Medford, Sarasota, Fla, Wausau, Stevens, Wis, Crestview, Fort, Destin, Silicon Valley, Seattle
Higher rates for longer could benefit WSFS Financial , the Delaware-based parent of Wilmington Savings Fund Society, according to D.A. The firm upgraded the regional bank to buy from neutral Monday with a $45 per share price target, representing about 28% upside from Friday's $35.17 close. WSFS YTD mountain Shares of WSFS Bank have slipped more than 18% in 2023. But analyst Manuel Navas says WSFS Financial could post stronger growth compared with peers due to a higher net interest margin . At the same time, he says WSFS Financial is trading at a discount that doesn't accurately capture the bank's position.
Persons: Davidson, Manuel Navas, Navas, 1Q23 NIM, Michael Bloom Organizations: Wilmington Savings Fund Society, WSFS Bank Locations: Delaware, Wilmington
CompaniesCompanies Law Firms FTX Trading Limited FollowNEW YORK, June 23 (Reuters) - A group of media organizations on Friday appealed a court decision that allows collapsed crypto exchange FTX to keep customer names secret during its bankruptcy case. U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, ruled earlier this month that FTX did not have to reveal its customers' names because doing so could expose them to identity theft and other scams. After the judge in the Celsius case ordered customers' names be revealed, Celsius users saw an increase in phishing attacks from scammers who posed as bankruptcy attorneys and Celsius employees, according to FTX's court filings. FTX said it had approximately 9 million users who might be targeted by scams if their names were revealed. FTX Trading and more than 100 affiliates in November filed for bankruptcy protection in Delaware to address claims that the company misused and lost billions in customers' crypto deposits.
Persons: John Dorsey, FTX, Dorsey's, scammers, Sam Bankman, Fried, Dietrich Knauth, Alexia Garamfalvi, Daniel Wallis Organizations: Bloomberg, Dow Jones & Company, The New York Times Company, Financial, Thomson Locations: Wilmington , Delaware, Delaware
NEW YORK, June 22 (Reuters) - Bankrupt crypto exchange FTX on Thursday sued a former aide to Hilary Clinton and the former aide's investment firm, seeking to claw back $700 million in investments allegedly made with misappropriated FTX funds. Bankman-Fried authorized investments in K5 projects that enriched Kives and Baum with no payoff for FTX or its customers, who were footing the bill, FTX alleged. FTX has also filed lawsuits over its pre-bankruptcy investment in the stock platform Embed and its payments toGenesis Global Capital, the bankrupt lending arm of crypto firm Genesis. FTX on Wednesday announced a settlement with the Metropolitan Museum of Art, in which the museum agreed to return $550 million in donations that it received from FTX companies in 2022. Reporting by Dietrich Knauth in New York Editing by Alexia Garamfalvi and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Hilary Clinton, misappropriated, FTX, Sam Bankman, Fried, Michael Kives, Bryan Baum, Clinton, Arnold Schwarzenegger, Katy Perry, I've, Baum, Kendall Jenner's, SBF, Elizabeth Ashford, Kives, Dietrich Knauth, Alexia Garamfalvi, Matthew Lewis Organizations: YORK, K5 Global, Democratic, Republican, U.S . Securities, Exchange Commission, K5, Genesis Global Capital, Wednesday, Metropolitan Museum of Art, Thomson Locations: Wilmington , Delaware, Democratic U.S, New York, Republican California, FTX
In each case, Coinbase filed briefs as an "amicus," or friend of the court. A ruling favoring another crypto defendant at the trial court level would not be binding on Coinbase's own case, but the company could potentially point to it in its defense, legal experts said. Coinbase argued the digital assets on its platform do not pass that test, in part because they lack contractual agreements. In its other amicus brief, Coinbase urged a federal judge in Manhattan to allow the fair notice defense in the SEC case against Ripple Labs, which was the industry's highest-profile battle with the regulator prior to the Coinbase case. Coinbase argued to U.S. District Judge Analisa Torres that denying the Ripple defendants the fair notice defense "would jeopardize the validity of the defense in future cases."
Persons: Coinbase, Gibson Dunn, Crutcher, Akiva Shapiro, Gary Gensler, Paul Grewal, Coinbase's, Cahill Gordon, Reindel, Tana Lin, Ishan Wahi, Wahi, Lin, Gensler, Analisa Torres, Torres, XRP, Jody Godoy, Tom Hals, Deepa Babington Organizations: U.S . Securities, Exchange Commission, U.S, Supreme, SEC, Reuters, FAIR, U.S . Constitution, Ripple Labs, San, District, Thomson Locations: U.S, Coinbase, Manhattan, Solana, Cardano, Seattle, U.S ., San Francisco, New York, Wilmington , Delaware
Hunter Biden, son of U.S. President Joe Biden, arrives with wife Melissa Cohen Biden prior to President Biden awarding Presidential Medals of Freedom during a ceremony in the East Room at the White House in Washington, July 7, 2022. President Joe Biden's son Hunter is scheduled to appear next month in federal court, where he is expected to plead guilty to misdemeanor tax charges, according to a court filing Wednesday. The initial appearance in U.S. District Court in Wilmington, Delaware, is set for 10 a.m. Biden's attorney and federal prosecutors had both asked to consolidate both the tax and gun matters into one court appearance. In an MSNBC appearance Tuesday, Clark said he expects Hunter Biden to be released without conditions after the court proceeding.
Persons: Hunter Biden, Joe Biden, Melissa Cohen Biden, Biden, Joe Biden's, Hunter, Maryellen Noreika, Delaware David Weiss, Christopher Clark, Clark, Noreika, Donald Trump Organizations: White, NBC News, Attorney, MSNBC Locations: Washington, U.S, Wilmington , Delaware, Delaware
CNN —Hunter Biden, the son of President Joe Biden, will plead guilty to two tax misdemeanors and struck a deal with federal prosecutors to resolve a felony gun charge, the Justice Department said Tuesday in court filings. Trump criticized the Hunter Biden plea deal on Truth Social. Hunter Biden’s legal team sought a meeting with the Justice Department in April, which Weiss attended, and where Hunter Biden’s lawyers gave a presentation detailing why they believe Hunter Biden shouldn’t be charged. Part of their argument included that Hunter Biden paid back taxes owed, including penalties. Correction: This story has been updated to reflect that Hunter Biden is pleading guilty to two tax charges and struck a deal to resolve the gun charge.
Persons: CNN — Hunter Biden, Joe Biden, Hunter Biden, Biden, Donald Trump, Trump, David Weiss, Hunter, Christopher Clark, Department’s, “ Hunter, ” Clark, ” “, , Ian Sams, Hunter Biden’s, Weiss, Hunter Biden shouldn’t, Prosecutors, Clark, , Garland, Justice Department wouldn’t, Christopher Wray, he’s, Beau . Hunter Biden, Melissa Cohen, Jake Tapper, , He’s, ” Joe Biden, Department’s prosecutorial, “ I’m, I’m, Tapper, “ That’s, it’s, General Merrick Garland, Justice Department’s, CEFC, Obama Organizations: CNN, Justice Department, Internal, Service, Trump, Government, House, Truth, Biden DOJ, Republican, Democratic, IRS, FBI, Department, people’s Justice Department, Hunter, Justice, CEFC China Energy, White, Yorker, State Department Locations: Delaware, Wilmington, China, Ukraine, United States
Law Firms Duane Morris LLP FollowJune 20 (Reuters) - David Weiss, the top federal prosecutor in Delaware, wrapped up the most closely watched investigation of his career on Tuesday when U.S. President Joe Biden’s son Hunter agreed to plead guilty to misdemeanor tax crimes. Weiss, 67, who was appointed to his post by Republican then-President Donald Trump, agreed to stay on the job into the Biden administration to complete a long-running probe into Hunter Biden’s finances. Hunter Biden, 53, agreed to plead guilty to two misdemeanor charges of willfully failing to pay income taxes and reached an agreement on a gun-related offense that could allow him to avoid a conviction, according to court filings. “I don’t think he’s thinking about the politics at all,” said Thomas Ostrander, who worked with Weiss at law firm Duane Morris. Weiss was nominated to be U.S. attorney in Delaware by Trump in 2018 with the support of Delaware’s two Democratic U.S. senators.
Persons: Duane Morris, David Weiss, Joe Biden’s, Hunter, Weiss, Donald Trump, Biden, Hunter Biden, , , Thomas Ostrander, “ He’s, James Comer, General Merrick Garland, Obama, Weiss ’, Anne Marie Fahey, Delaware's, Ostrander, Delaware’s, Christopher Tigani, Andrew Goudsward, David Bario, Jonathan Oatis Organizations: Republican, Democratic, U.S, Trump, Democratic U.S, Reuters, Politico, Wilmington Trust, Prosecutors, Thomson Locations: Delaware, China
The president's son has worked as a lobbyist, lawyer, investment banker and artist, and has publicly detailed his struggles with substance abuse. Hunter Biden disclosed in December 2020 that Weiss's office was investigating his tax affairs. President Biden has long expressed support and pride in his son for overcoming his addiction. The corrupt Biden DOJ just cleared up hundreds of years of criminal liability by giving Hunter Biden a mere 'traffic ticket.' President Biden has two surviving children, Hunter Biden and daughter Ashley Biden.
Persons: Joe Biden's, Hunter Biden, David Weiss, Donald Trump, Trump, Christopher Clark, Hunter, Clark, " Hunter Biden, Biden, Ian Sams, Weiss, James Comer, Comer, Ashley Biden, Beau Biden, Naomi Biden, Aaron Crawford, Crawford, George H.W, Bush's, Neil, Richard Nixon's, Don, Howard Hughes, Sarah N, Lynch, Jeff Mason, Trevor Hunnicutt, Susan Heavey, Tom Hals, Moira Warburton, Doina Chiacu, Heather Timmons, Jonathan Oatis Organizations: Democratic, Republican, U.S . Navy Reserve, Reuters, . Treasury, Republicans, Biden DOJ, University of Tennessee, Thomson Locations: U.S, Delaware, Ukraine, China, Washington, Wilmington , Delaware
The sources cautioned that no deal is certain and asked not to be identified because the matter is confidential. Spokespeople for nCino did not immediately respond to requests for comment, while Insight Partners declined to comment. Shares of nCino ended trading in New York on Friday up 24% at $31.69 on the news, giving the company a market value of about $3.6 billion. Based in Wilmington, North Carolina, nCino offers cloud-based software to banks and financial institutions that helps digitize their processes, including around lending and deposit-taking. The company subsequently attracted several venture capital investors beyond Insight Partners, including Wellington Management, Salesforce Ventures, Bessemer Partners and T. Rowe Price.
Persons: nCino's, nCino, Rowe Price, Milana Vinn, David French, Daniel Wallis, Jonathan Oatis Organizations: nCino, Insight Partners, Wellington Management, Salesforce Ventures, Bessemer Partners, Thomson Locations: New York, Wilmington , North Carolina, North Carolina
But what they don't say is that Trump is the only former official who refused to return all the classified documents as soon as he was asked about them. Lawyers for President Joe Biden discovered 10 classified documents in November of last year at an office he used in downtown Washington. Experts say the crucial difference is intent, namely what Trump allegedly did after he learned the National Archives wanted the classified documents he had back. The boxes, the lawyer and the ex-presidentThe DOJ's indictment includes photos of classified documents found at former President Donald Trump's Mar-A-Lago residence. Out of options, the archives referred the missing classified documents case to the Justice Department, which obtained a grand jury subpoena on May 11 for all remaining classified material held by Trump.
Persons: Donald Trump, Trump, Trump's, Clinton, Biden, Joe Biden, United Kingdom Rishi Sunak, Drew Angerer, Hillary Clinton, General Merrick Garland, it's, Mike Pence, Pence, Jon Sale, Donald Trump's Mar, Walt Nauta, Nelson Mullins, Bill Clinton, David Rubenstein, David Kelley, that's, Nauta, hadn't Organizations: WASHINGTON, White, Pence U.S, White House, Getty, State, FBI, Justice Department, National Archives, Justice, DOJ, Mar, Trump ., MSNBC, Bloomberg, Southern, of, PBS Locations: United Kingdom, Washington ,, Washington, Wilmington , Delaware, Pence, Miami, Florida, Mar, Sale, New York, Clinton, U.S, of New York
New York CNN —Fox News on Wednesday acknowledged that an onscreen banner calling President Joe Biden a “wannabe dictator” was inappropriate and said it had taken steps to address the situation internally. “The chyron was taken down immediately and was addressed,” a Fox News spokesperson told CNN in a statement. “WANNABE DICTATOR SPEAKS AT THE WHITE HOUSE AFTER HAVING HIS POLITICAL RIVAL ARRESTED,” the onscreen text read. Biden and his White House have repeatedly stressed that he does not involve himself in Justice Department investigations and have said that the DOJ works independently of the White House’s influence. But Fox is fighting another defamation case from Smartmatic, another voting technology company, which is seeking a staggering $2.7 billion in damages.
Persons: Joe Biden, , Fox, KAI, ron, Biden, Donald Trump, Trump, , Brian Kilmeade, Tucker Carlson, 4u3meRzXUY — Oliver Darcy, Hillary, Carlson Organizations: New, New York CNN — Fox, Fox News, CNN, Department, DOJ, Fox, MSNBC, Trump, National Archives, Dominion Voting Systems Locations: New York, Biden’s Washington, DC, Wilmington , Delaware, Washington
Rebalance your portfolio Tech's remarkable bounce in 2023 could result in a significant portfolio tilt toward that sector — and an overconcentration that could hurt in the event there's a downturn. That means it's time to trim down a few of those oversized positions and make sure your asset allocation is properly reflecting your goals. Check in with cash Cash is another asset that requires your attention, especially in an era when investors have a host of options of where keep those funds. Cash you don't need for many years can go right back into your stock portfolio so you can keep ahead of inflation, Pearce said. "Make sure you have an appropriate amount of cash, and make sure you're not sitting on an enormous pile of cash that's doing nothing," he added.
Persons: Jorrell Bland, Josh Brown, Tony Roth, haven't, Wilmington Trust's Roth, Roth, Cash, Jerrod Pearce, Goldman Sachs, Marcus, Pearce, — CNBC's Michael Bloom Organizations: Nasdaq, Federal Reserve, Mitlin, Ritholtz Wealth Management, Wilmington Trust Investment Advisors, JPMorgan Equity, Wilmington, Creative Planning, Bread, Bread Financial, Citizens Financial, Treasury Locations: Wilmington, Treasurys
The 2020 campaign to restore race-conscious affirmative action in California was close to gospel within the Democratic Party. It drew support from the governor, senators, state legislative leaders and a who’s who of business, nonprofit and labor elites, Black, Latino, white and Asian. Supporters raised many millions of dollars for the referendum and outspent opponents by 19 to 1. None of these efforts persuaded Jimmie Romero, a 63-year-old barber who grew up in the working-class Latino neighborhood of Wilmington in Los Angeles. Affirmative action was not one of those.
Persons: Kamala Harris, , Jimmie Romero, Mr, Romero Organizations: Democratic Party, Golden State Warriors, San Francisco Giants, 49ers, Oakland Athletics, American Civil Liberties Union of, Homelessness Locations: California, U.S, American Civil Liberties Union of Northern California, Wilmington, Los Angeles
Mr. Trump and his defenders argue that the indictment against him is politically motivated. The key difference between the legal situations of Mr. Biden and Mr. Pence and that of Mr. Trump is not politics. investigation found that out of 30,000 emails sent to the State Department, 110 emails in 52 email chains contained classified information. But only “a very small number” of the emails contained classification markings that would have signaled the presence of classified information. Unless Mr. Trump pleads guilty (which seems very unlikely), it will be up to a jury to determine his guilt.
Persons: Trump, Biden, Mike Pence, Mr, Pence, Hillary Clinton, Mrs, Clinton, James Comey, Organizations: Penn Biden Center, Justice Department, Trump, State Department Locations: Wilmington, Del, Indiana, United States
It would also foreshadow a disturbing trend that has only worsened in subsequent years: 11 o’clock on Sunday morning is now one of the most dangerous hours of the week in America, pastors and church security officials say. Brady Boyd, senior pastor of New Life Church, the same church where Assam confronted a gunman 16 years ago. And in 2018, a gunman killed 11 worshippers at the Tree of Life synagogue in Pittsburgh. But his church security does not have a monopoly on Sunday morning firepower. Consider this sobering Sunday morning scenario:A spiritual seeker visits a church and finds it filled with metal detectors and armed security guards carrying walkie-talkies.
Persons: Jeanne Assam, He’s, Beretta, Jake Stephens, Brian Snyder, , Brady Boyd, Boyd, “ That’s, Scott Olson, Rabbi Hillel Norry, Beth David, Norry, , Kwon, Jeff Swensen, ” Norry, that’s, Shaukat Warraich, Dwayne Harris, Harris, Hope, ” Harris, Darren Hauck, Tim Russell, ‘ I’m, David Swanson, Pastors, Jesus ’, ” Boyd, Jesus, Tommy Mason, Mason, Joe Biden, Jill Biden, Saint Joseph, Beau Biden, Brendan Smialowski, Jerilee Bennett, George W . Bush, “ You’re Organizations: CNN, New, Church, Emanuel African Methodist Episcopal Church, Reuters Churches, New Life, White, Texas Church of Christ, Baptist, Security, Police, House Church, Geneva Presbyterian, Colorado Springs, Marion County Baptist Association, Service, Brandywine Catholic, “ Police, AP, Minneapolis Police Department Locations: Colorado, Assam, Colorado Springs, America, Charleston , South Carolina, Sutherland Springs , Texas, Texas, Orange County , California, Oak Creek , Wisconsin, Pittsburgh, Georgia, Pittsburgh , Pennsylvania, That’s, New Zealand, Missouri, , Geneva, Laguna Woods , California, Marion, Alabama, Saint, Brandywine, Brandywine Catholic Church, Wilmington , Delaware, AFP, AP Assam
NEW YORK, June 9 (Reuters) - Bankrupt crypto exchange FTX received court permission on Friday to remove customer names from all filings in its bankruptcy case, persuading a U.S. judge that publishing the names would put people at risk of scams and identity theft. U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, ruled that FTX can permanently redact the names of individual customers from its bankruptcy filings, after hearing testimony that publishing customers' names would place them at risk even if other identifying information like their email address was kept secret. In January, Dorsey had allowed FTX to keep secret the names of 9 million of its individual customers for three months. On Friday, Dorsey also authorized FTX to remove the names of companies and institutional investors from its customer lists on a temporary basis, saying FTX will have to make a new request in 90 days. FTX founder Sam Bankman-Fried and several company insiders have been indicted on fraud charges for their role in the company's collapse.
Persons: FTX, John Dorsey, Dorsey, liquidators, Sam Bankman, Dietrich Knauth, Alexia Garamfalvi, Rosalba O'Brien Organizations: YORK, FTX's, Bahamian, FTX, Thomson Locations: U.S, Wilmington , Delaware, Bahamas, Delaware
Then news of Trump's indictment hit, and Pence didn't appear on the program. Pence had previewed the Fox News appearance in the afternoon through a post on Twitter, which was later deleted. Pence, too, had classified documents at his home in Carmel, Indiana, but turned them over to federal authorities. They seized several boxes of documents Trump took from the White House, some of which were marked "top secret." Trump will be reporting to a federal court in Miami on Tuesday afternoon, he said on Truth Social, his social media platform.
Persons: Pence, Sean Hannity's, , Mike Pence, Fox News Channel's Sean Hannity, Donald Trump ., Trump, would've, Hannity, Devin O'Malley, Biden, Joe Biden Organizations: Service, Fox News, US Department of Justice, Fox, Twitter, Trump, FBI, White, Truth Locations: Lago, Palm Beach , Florida, United States, Carmel , Indiana, Wilmington , Delaware, Washington, DC, Mar, Miami
Georgia law places strict limits on slot machines, prohibiting cash winnings, and preventing locations like gas stations and convenience stores from having more than nine slot machines or deriving more than 50% of their revenue from slot machines, according to the company. Headquartered in Norcross, Georgia, Lucky Bucks operates in 345 locations throughout Georgia with approximately 2,300 slot machines. Before filing for bankruptcy, Lucky Bucks had lobbied for a Georgia law that would have protected slot machine operators from “predatory” competition. The proposed bill, which was not passed by Georgia’s legislature, would have prevented a new slot machine from being installed in the nine months following the removal of a different company's slot machine. The case is Lucky Bucks Inc, U.S. Bankruptcy Court for the District of Delaware, No.
Persons: Bucks, Georgia Lucky, Lucky Bucks, James Boyden, Lucky, Dennis Dunne, Tyson Lomazow, Russell Silberglied, Richards, Layton, Dietrich Knauth Organizations: Company, Georgia Lucky Bucks, YORK, Lucky, Bucks, Lucky Bucks, Trive, Seven Aces, Lucky Bucks Inc, Bankruptcy, District of, Milbank LLP, Diebold, Atlantic City, Thomson, & $ Locations: Georgia, Wilmington , Delaware, Norcross , Georgia, Georgia’s, District of Delaware
Dorsey questioned the value of a Bahamian court ruling during a Thursday court hearing in Wilmington, Delaware, saying that he would retain authority over the $7 billion in assets recovered by the U.S. debtors no matter what the Bahamian court rules. "It doesn't go to FTX Digital until I say it goes to FTX Digital," Dorsey said. The sides offered very different descriptions of how important FTX Digital was to the crypto exchange's operations. A court ruling in their favor could place the Bahamian company, and not the U.S. debtors, in charge of collecting assets and deciding how to distribute them to FTX customers. The case is FTX Trading, U.S. Bankruptcy Court for the District of Delaware, No.
Persons: John Dorsey, Dorsey, Chris Shore, Sam Bankman, Bankman, Fried's, Andy Dietderich, Brian Glueckstein, James Bromley of Sullivan, Cromwell, Chris Shore of, FTX, Dietrich Knauth Organizations: U.S, FTX's U.S, FTX Digital, FTX, Bahamian, Bankruptcy, District of, Chris Shore of White, Thomson, & & $ Locations: Delaware, Bahamas, Wilmington , Delaware, U.S, Hong Kong, District of Delaware
Musk was the biggest shareholder in both companies at the time of the deal and Tesla shareholders alleged he pushed the carmaker's board into the deal to bail out the billionaire's investment in the struggling rooftop solar company. The state's highest court said that while a judge on the Delaware Court of Chancery erred in some portions of his analysis, his overall premise still supported his determination that Tesla paid a fair price for SolarCity. They also argued that Slights determined after a 10-day trial in 2021 that Musk meddled in the deal but failed to hold him liable. Shareholders wanted to force Musk to return the Tesla stock he received in the takeover, which at one point was worth $13 billion. The Delaware Supreme Court said that the Slights' ruling was not "pitch perfect" but did not have to be and noted the "total collapse" of the shareholders' theory that SolarCity was insolvent.
Persons: Elon Musk, Musk, Tesla, Randall Baron, Joseph Slights, SolarCity, Slights, Tom Hals, Mark Porter Organizations: Tesla, Delaware Supreme, Shareholders, Thomson Locations: SolarCity, Delaware, Wilmington , Delaware
As a result of the policy, the average borrower likely saved around $15,000 in student loan payments, Kantrowitz said. ″[T]he one-time student loan debt relief program was intended to avoid" that problem, he added. Yet consumer advocates say the troubles for student loan borrowers are far from over. "Borrowers are not ready to resume payments," said Persis Yu, deputy executive director at the Student Borrower Protection Center. To be able to afford his student loan payment in September, Berlet plans to cut back on how much food he buys.
Persons: Donald Trump, Mark Kantrowitz, Kantrowitz, James Kvaal, Joe Biden's, Mark, Kvaal, Kevin McCarthy, Biden, McCarthy, Persis Yu, Yu, they'd, Paul, Berlet, he'll, Brooks, didn't, wasn't, Paul Berlet Organizations: Twitter, Student, Protection, Kantrowitz, Education Department, Pennsylvania Higher Education Assistance Agency, Granite State Locations: U.S, Pennsylvania, Granite, Wilmington , Delaware
How Much Can a Water Filter Do?
  + stars: | 2023-05-30 | by ( Dana G. Smith | ) www.nytimes.com   time to read: +1 min
Since the passage of the Safe Drinking Water Act, though, other water-monitoring issues have arisen. He gave the example of nitrate, an agricultural pollutant that’s present in the water supply in Des Moines. While the local water treatment plant takes steps to remove the contaminant, there are questions about whether the allowable levels could still cause health harms. In several of the recent crises, contamination occurred when lead leached into the water as it traveled through the distribution pipes. National regulations about the amount of lead permitted in pipes have been strengthened over the years, but many old water distribution systems have not been updated and contain unsafe levels.
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