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☆ Elizabeth Holmes owes $452 million along with her former Theranos partner. She might never have to fully pay up.
▼ + stars: | 2023-06-04 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

A federal court ordered Elizabeth Holmes and Sunny Balwani to pay $452 million. Defendants hit with such orders to pay victims may see it come out of any eventual wages they earn. So how will Holmes and her former business partner Sunny Balwani navigate a $452 million restitution order? Former Theranos CEO Elizabeth Holmes arrives at federal court with her partner Billy Evans on November 18, 2022. According to the restitution order, Holmes and Balwani are responsible for $125 million in restitution to Murdoch, $40 million to Walgreens, and $14.5 million to Safeway.

Persons: Elizabeth Holmes, Sunny Balwani, Rupert Murdoch, Holmes, Daniel Richman, Evan Gotlob, Saul Ewing, Billy Evans, Justin Sullivan, Justice Department's, It's, Balwani, Insider's, Murdoch, Gotlob, There's Organizations: Morning, News Corp, Walgreens, Safeway, Forbes, Federal, Office, Columbia Law School, Justice, US, Prosecutors Locations: California, Arizona, Manhattan, Boston, Northern California

☆ FTC's Lina Khan presses ahead with sprawling antitrust plans in the face of GOP opposition
▼ + stars: | 2023-05-31 | by ( Chelsey Cox | ) www.cnbc.com time to read: +10 min

As she made history in leading the agency, Khan's sprawling oversight plans and focus on fair competition in markets drew pushback from GOP leaders who denounced them as "politicized." The backlash to Khan's antitrust platform has come from across the Republican caucuses in Congress — even as many GOP lawmakers have backed antitrust policies or slammed Big Tech companies. watch nowKhan has defended her positions, telling CNBC on May 10 that the FTC enforces antitrust laws passed by Congress. Jordan and other GOP House members have criticized the plan as a "power grab." But an FTC spokesperson said Khan's agency has jurisdiction over all fees except banking and airlines.

Persons: Lina M, Khan, Graeme Jennings, Lina Khan, Pete Buttigieg's, Rohit Chopra, Christine Wilson, Noah Joshua Phillips, Joe Biden's, Matt Stoller, Stoller, Lina, Republican Sens, Chuck Grassley, Mike Lee, Ken Buck, Jim Jordan, Grassley, David Cicilline, Sen, Amy Klobuchar, Elon Musk, Musk, Jordan, Jon Schweppe, Jordan tweeting, they're, Mo Cayer, Khan . Jordan, noncompetes, Trump, Wilson, Leslie Overton, Harkrider, Biden Organizations: Commerce, Science, Capitol, AFP, Getty Images, Biden, Federal Trade, Southwest Airlines, Republicans, Consumer Financial Protection, FTC, Yale University Law School, Washington , D.C, New Yorker, Columbia Law School, American Economic Liberties, Big Tech, Republican, GOP, CNBC, Congress, Rhode Island's, Committee, Twitter, GOP House, Elon, The New York Times, Times, University of New, Democratic, Junk Locations: Washington , DC, London, Washington ,, New, Iowa, Utah, Colorado, Ohio, House, Minnesota, University of New Haven, Connecticut, Khan ., Axinn

☆ Fact Check-New York Gov. Kathy Hochul not authorized to fill potential vacancy if Rep. George Santos steps down
▼ + stars: | 2023-05-16 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

The House Vacancies Clause in the U.S. Constitution can be seen (here). New York state law requires the governor to call a special election within 10 days of a House vacancy (see subdivision three) (here). “Hochul has no power to replace Santos,” said Derek Muller, an election law expert at the University of Iowa College of Law (here). “If Santos resigns, it depends on when he resigns as to whether there will be a special election before the next general election to fill his vacancy,” he said. “Hochul must announce within 10 days, and the special election must take place within 70 to 80 days, but not if the vacancy occurs after July 1, 2024.”VERDICTMisleading.

☆ Analysis: Fed report on SVB collapse could buoy shareholder lawsuits
▼ + stars: | 2023-04-29 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

FILE PHOTO: The Silicon Valley Bank headquarters seen from the street in Santa Clara, California, U.S. March 13, 2023. The bank’s parent company, SVB Financial Group, entered bankruptcy on March 17. The Fed’s report concluded that SVB did not adequately hedge against risk, failed its own liquidity stress tests, and chased short-term profits at the expense of long-term stability. Rather than address these risks, the bank changed how it measured them, the report found. “I see this (Fed) report as being extraordinarily useful evidence to dangle in front of a judge or jury on class action lawsuits against accounting firms,” Cox said.

Signature Bank's failure took only marginally longer. "The number 36 has just been, you know, branded in my brain," Atlanta Fed President Raphael Bostic told Reuters earlier this month. "I think that any time you have a bank failure like this, bank management clearly failed, supervisors failed and our regulatory system failed," Barr told U.S. lawmakers in a hearing in March. "It's how do we allow a bank whose failure threatened the financial system to persist without being subject to more aggressive intervention?" "One thing for certain ... this was a very significant supervisory failure," Tarullo said at the Peterson Institute for International Economics event on Wednesday.

☆ Factbox: Fed, FDIC reviews of US bank failures to spotlight problems, fixes
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +6 min

On Friday the banks' regulators - the Federal Reserve and the Federal Deposit Insurance Corporation - will publish their accounts of what happened at both institutions, and propose fixes to prevent a repeat. The FDIC will also publish a separate report on deposit insurance by Monday. Barr has said the Fed's report will include confidential supervisory information, including citations and exam material not typically disclosed. DEPOSIT INSURANCEThe second FDIC report could provide insight into how officials are thinking about the role of deposit insurance, currently capped at $250,000 per depositor, in financial stability. "The most interesting thing I expect to see is what the FDIC recommends about the deposit insurance cap," Phillips said.

☆ Brits need to accept they are now poorer, Bank of England chief economist says
▼ + stars: | 2023-04-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

LONDON — Companies and workers are trying to pass the impact of inflation onto each other — and that risks persistent inflation, according to Huw Pill, the Bank of England's chief economist. "What we're facing now is that reluctance to accept that yes we're all worse off, we all have to take our share," Pill said on an episode of Columbia Law School and the Millstein Center's "Beyond Unprecedented" podcast, released on Tuesday. That has been followed by adverse weather and an outbreak of avian flu driving up food prices. The U.K. imports nearly half its food. "If what you're buying has gone up a lot relative to what you're selling, you're going to be worse off," Pill said.

☆ Columbia Law Students Are Upset
▼ + stars: | 2023-03-29 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

The nation’s top law schools are the latest battleground for politics and free speech on campus. Barely two weeks after Stanford Law School students shouted down Fifth Circuit Court of Appeals Judge Kyle Duncan , Columbia Law School students want to erase news that some students met with Supreme Court Justice Brett Kavanaugh . On Feb. 23, members of the Columbia Federalist Society went to Washington and met with Justice Kavanaugh at the High Court. On March 14, Columbia Law School posted a photograph of the meeting on its Instagram account with a brief note that the law students had a chance to “engage in conversation” and hear about “the Court’s deliberation process and how to be an effective advocate.”

☆ Biden vows new bank rules after SVB collapse, cites Trump rollback
▼ + stars: | 2023-03-13 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +4 min

"Americans can have confidence that the banking system is safe. The managers of the banks will be fired, Biden noted, and investors will lose money. Biden also promised new regulation after the biggest U.S. bank failure since the 2008 financial crisis. The U.S. Federal Deposit Insurance Corporation on Monday said it had transferred all Silicon Valley Bank (SIVB.O) deposits to a newly created bridge bank and that all depositors would have access to their money beginning Monday morning. Silicon Valley bank had $209 billion in assets at the end of last year.

☆ Biden to defend U.S. banking system after SVB, Signature collapse
▼ + stars: | 2023-03-13 | by ( Simon Lewis | ) www.reuters.com time to read: +4 min

WASHINGTON, March 13 (Reuters) - President Joe Biden will on Monday address a banking crisis that led U.S. regulators to step in with a series of emergency measures after the collapses of Silicon Valley Bank (SIVB.O) and Signature Bank <SBNY.O> threatened to trigger a broader crisis. Biden on Sunday hinted at new regulation of big banks after the biggest U.S. bank failure since the 2008 financial crisis, but faces a divided Congress unlikely to approve tougher new rules. Biden will give remarks on Monday morning on additional plans to keep the economy on track amid a crisis sparked by the sudden collapse of Silicon Valley Bank (SVB) last week, he added. POTENTIAL BANK CHANGESIn coming days, rules introduced after U.S. banks sparked a global financial crisis in 2008 with aggressive mortgage lending may come under the spotlight. Silicon Valley bank had $209 billion in assets at the end of last year.

☆ Biden to defend US banking system after SVB, Signature collapse
▼ + stars: | 2023-03-13 | by ( Simon Lewis | ) www.reuters.com time to read: +3 min

WASHINGTON, March 13 (Reuters) - President Joe Biden will on Monday address a banking crisis that led U.S. regulators to step in with a series of emergency measures after the collapses of Silicon Valley Bank (SIVB.O) and Signature Bank threatened to trigger a broader systemic crisis. Biden on Sunday hinted at new regulation of big banks after the biggest U.S. bank failure since the 2008 financial crisis, but faces a divided Congress unlikely to approve tougher new rules. Biden would give remarks on Monday morning on additional plans to keep the economy on track amid a crisis sparked by the sudden collapse of Silicon Valley Bank (SVB) last week, he added. Rules introduced after U.S. banks sparked a global financial crisis in 2008 by aggressive mortgage lending may come under the spotlight in coming days. Silicon Valley bank had $209 billion in assets at the end of last year.

☆ Missouri's abortion ban declares 'Almighty God is the author of life.' Faith leaders beg to differ in new suit.
▼ + stars: | 2023-01-20 | by ( Stephanie Russell-Kraft | ) www.businessinsider.com time to read: +4 min

Missouri's abortion ban completely outlaws abortion with limited exceptions. The clergy, who come from denominations of Christianity, Unitarian Universalism, and Judaism, said the abortion ban violates their religious freedom and subjects them to "the religious dictates of others." "It came from religious leaders and communities, who have been explaining for decades that they see reproductive freedom as essential to religious freedom." But Missouri lawmakers openly discussed their religious beliefs on abortion while writing the abortion ban in 2019 according to the lawsuit, saying things like "Life begins at conception. There have also been more than a dozen cases challenging abortion restrictions on religious freedom grounds since the Supreme Court's decision, according to Platt.

But the sheer number of nurses working travel jobs, and the difference between what they thought was promised and what they pocketed, has led to a substantial legal pushback by travel nurses around the country on the issue. Courtesy Jordyn BashfordThis summer, Stueve Siegel Hanson, a Kansas City, Missouri, law firm, filed class-action lawsuits against four travel nurse agencies: Aya, Maxim, NuWest and Cross Country. Advertisements touted an hourly rate of $8 to $11, but many nurses wound up making less than $6, according to Pan Travelers, a professional association of travel nurses. But by February, after her first 13-week contract, Covid hospitalizations had waned and the demand for travel nurses had fallen. Mark Humphrey / APTwo travel nurses walk the hallways during their shift at a hospital in Rhode Island.

[1/2] Elon Musk, Chief Executive Officer (CEO) of SpaceX, Tesla and Twitter, arrives for a trial about his Tesla pay package at the Delaware Court of Chancery in Wilmington, Delaware, U.S., November 16, 2022. "The amount of pain, no words can express," Musk testified on Wednesday. The package allows Musk to buy 1% of Tesla's stock at a deep discount each time escalating performance and financial targets are met. "It wasn't a knock-down, drag-out affair," Todd Maron testified about the pay talks in 2017 when he was general counsel. You could almost make an argument they didn't pay him enough because he ran off after Twitter."

☆ Georgetown, Columbia Join Schools Withdrawing From U.S. News & World Report Law School Rankings
▼ + stars: | 2022-11-18 | by ( Melissa Korn | ) www.wsj.com time to read: 1 min

Georgetown University Law Center and Columbia Law School said Friday that they will no longer participate in the U.S. News & World Report law-school ranking, the latest in a string of prestigious programs abandoning the influential list over concerns that it promotes poor practices and penalizes schools for supporting students pursuing public-interest jobs. Yale Law School was the first to pull out, on Wednesday morning, with its dean calling the rankings “profoundly flawed.” Harvard Law School announced a similar move later that day, and the University of California, Berkeley School of Law followed on Thursday.

"I respect companies protecting their resources, but how they treat impacted employees is very telling to employees that are still working there," he said. "I respect companies protecting their resources but how they treat impacted employees is very telling to employees that are still working there." Be mindful of remaining workers' concernsCompanies should "recognize this is a very difficult time for people who remain with the organization" as well, Benz said. "Make sure managers and leaders are available for remaining employees and can be clear about the future without overpromising. Inform remaining workers about the changes that may need to be made in light of job cuts.

☆ Would Twitter get online publisher immunity in fake 'blue check' suits?
▼ + stars: | 2022-11-14 | 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

(Reuters) - Twitter Inc’s introduction last week of a new subscription system to dole out blue-check verification badges was a flop by any standard. Edelson's preliminary theory: By awarding verification badges to the fake corporate tweeters, Twitter enabled the imposters to trick consumers and even shareholders. (Eli Lilly and Co and Lockheed Martin Corp both experienced sharp, if temporary, stock drops after tweets from corporate accounts that carried the blue-check verification.) Twitter also did not respond to my email query about potential private lawsuits arising from last week’s fake tweets. What about shareholders or consumers who claim to have been duped by tweets from fake corporate accounts?

While the laws around workforce reductions vary by location and employer size, there are steps anyone can take to help cope with being let go. Negotiate your severance offerBill Varie | The Image Bank | Getty ImagesEmployers are not required by federal law to offer severance, but if they do, those contracts can often be negotiated. Companies offer severance to keep good will with former employees, keep workers from disclosing company secrets and to avoid potential lawsuits. Severance agreements typically come with a waiver of liability that has to be signed before any payment is made. While it varies based on the age of the worker and state laws, employees typically are given a few weeks before they have to sign.

☆ Paying workers unfairly will backfire. Pull back the curtain on compensation decisions instead.
▼ + stars: | 2022-11-10 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +10 min

But for many people, salary negotiations are hard to navigate. Brian Armstrong is the CEO of Coinbase, which recently announced that it was banning salary negotiations. If salary negotiations are prohibited, they said, there have to be other measures in place to ensure that every worker is paid fairly. Salary negotiations will always be challenging for some — if not most — of usRestructuring salary negotiations won't necessarily make the act of asking for more money easier right away. Still, she understands that salary negotiations can get contentious, and she emphasized that the positive dynamic between employer and employee is important to preserve.

☆ Fact Check-Derogatory poster shows misleading statistics about children with same-sex parents
▼ + stars: | 2022-11-03 | by ( Reuters Fact Check | ) www.reuters.com time to read: +9 min

A poster that appears to have originated on a Neo-Nazi website presents misleading statistics about children who have same-sex parents, citing research that has since been called into question. The text in the poster reads: “92% of children raised by Gay Parents are abused. A large review of 19,000 studies and articles on the topic of same-sex parenting published in 2015 (here) also concluded that children raised by same-sex couples are no worse off than children raised by opposite-sex parents. The poster was created on a Neo-Nazi website and includes misleading statistics about same-sex parenting drawn from a small, controversial study. Most of the research on children with same-sex parents has found that they are not negatively affected as compared to other children.

☆ Tesla adds billionaire Airbnb co-founder Gebbia to board
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

Joe Gebbia, co-founder of Airbnb speaks during the second day of the first Obama Foundation Summit in Chicago, Illinois, U.S. November 1, 2017. REUTERS/Kamil KrzaczynskiSept 28 (Reuters) - Tesla Inc (TSLA.O) said on Wednesday that Airbnb Inc (ABNB.O) co-founder Joseph Gebbia has joined the electric vehicle maker's board, reversing a move to trim the number of directors at the world's most valuable carmaker. Ellison, a self-described close friend of Musk, was appointed by Tesla in December 2018 to comply with the agreement. Gebbia, a U.S. billionaire designer and Internet entrepreneur, joins Tesla after saying in July he would take on an advisory role at Airbnb, stepping away from his full-time role. Some experts doubted whether the billionaire would add diversity to the Tesla board.

☆ What’s that bag of white stuff? Some Uber drivers worry they’re drug mules
▼ + stars: | 2022-09-26 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +15 min

And a sheriff’s office in Tampa sent a crystalized substance to a Florida state lab for testing after an Uber Connect driver turned it over in April. Uber said that using its services for illegal activity is expressly prohibited, and that it takes reports of drug deliveries via Uber Connect very seriously. Some Uber Connect drivers have gone to the police with suspicions about packages they are assigned to deliver. “You’re almost certainly getting arrested in that situation.”Richman said it’s difficult to generalize about how much trouble an Uber Connect driver could get in. Uber said it was always looking for ways to improve Uber Connect, and drivers said they have several suggestions for changes.

☆ WHERE ARE THEY NOW: First kids of the United States
▼ + stars: | 2022-02-03 | by ( Talia Lakritz | ) www.businessinsider.com time to read: 1 min

Caroline Kennedy, daughter of President John F. Kennedy and first lady Jacqueline Kennedy, was just 3 years old when she moved into the White House in 1961. Caroline Kennedy perches on a swing set on the White House lawn in April 1963. CORBIS/Corbis via Getty ImagesAfter President Kennedy was assassinated in 1963, Jacqueline moved the family to Manhattan. Kennedy went on to attend Radcliffe College and Columbia Law School.

☆ Gala Studenților Originari din Republica Moldova își premiază laureații pe 27 decembrie!
▼ + stars: | 2020-12-15 | by ( Alte Articole | ) www.civic.md time to read: +2 min

Devenită deja tradiție, Gala Studenților Originari din Republica Moldova va premia pentru al optulea an consecutiv cei mai buni tineri care își fac studiile în afara țării! Cinematografie și Arte Plastice - Constantin Botezat , Pictor și ilustrator în compania Mazzy Londra și Silvia Busuioc , Actriță și producător de film/TV în Londra, Italia și Hollywood. , Pictor și ilustrator în compania Mazzy Londra și , Actriță și producător de film/TV în Londra, Italia și Hollywood. Antreprenoriat și soluții digitale – Mihai Stipanov, Fondator Dreamups, președinte JCI New York City și Anastasia Haraz, Fondatoare Floral Soul, tânără antreprenoare. Gala de premiere a celor mai buni studenți moldoveni din străinătate va putea fi urmărită în direct, accesând link-ul.

Persons: Maria, Silvia Busuioc, Mihai, Anastasia, Gala, Cristian Saulea, Cristina Organizations: Gala Studenților, Organizația Națiunilor Unite, ONU, Columbia Law School, New York . Cinematografie, Arte Plastice, Mazzy Londra, Mazzy, Companiei Google Locations: Republica Moldova, New York, Londra, Italia, Hollywood, Mazzy Londra, New York City, Roman

☆ Ediția a VIII-a a Galei Studenților Originari din Republica Moldova va avea loc pe 27 decembrie
▼ + stars: | 2020-12-15 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Ediția a VIII-a a Galei Studenților Originari din Republica Moldova va avea loc pe 27 decembrieDevenită deja tradiție, Gala Studenților Originari din Republica Moldova va premia pentru al optulea an consecutiv cei mai buni tineri care își fac studiile în afara țării! În acest an, evenimentul dedicat excelenței academice va avea loc în format digital, duminică, 27 decembrie 2020 și va include 2 secțiuni: Atelierele tematice „Tineri pentru tineri” cu începere de la ora 15.00 și Gala de premiere la ora 18.00. # Cinematografie și Arte Plastice – Constantin Botezat, Pictor și ilustrator în compania Mazzy Londra și Silvia Busuioc, Actriță și producător de film/TV în Londra, Italia și Hollywood. # Antreprenoriat și soluții digitale – Mihai Stipanov, Fondator Dreamups, președinte JCI New York City și Anastasia Haraz, Fondatoare Floral Soul, tânără antreprenoare. Gala de premiere a celor mai buni studenți moldoveni din străinătate va putea fi urmărită în direct, accesând link-ul.

Persons: Maria, Constantin, Silvia Busuioc, Mihai, Anastasia, Gala, Cristian Saulea, Cristina Organizations: Studenților, Gala Studenților, Organizația Națiunilor Unite, ONU, Columbia Law School, Arte Plastice, Mazzy Londra, Companiei Google Locations: Republica Moldova, New York, Londra, Italia, Hollywood, New York City, Roman

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