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☆ Boies, co-counsel move to grab control of all private FTX cases
▼ + stars: | 2023-02-13 | 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

Judicial Panel on Multidistrict Litigation, that the judge overseeing their Miami cases, U.S. District Judge Michael Moore, has already proven in their brand ambassador cases that he can steer FTX cases quickly and efficiently. Not everyone pursuing claims on behalf of FTX customers agrees with Boies and Moskowitz. (To be clear, these private cases are different from cases that could be brought by a court-appointed receiver or trustee in FTX’s Chapter 11 bankruptcy.) If the cases go to California, the California slate is a likelier candidate. It will be a few months before any ruling on the Boies and Moskowitz consolidation petition.

☆ Facebook, Gibson Dunn sanction order is light on dollars, heavy on message
▼ + stars: | 2023-02-10 | 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

CompaniesCompanies Law firms Meta Platforms Inc FollowFeb 10 (Reuters) - To Facebook parent Meta Platforms Inc (META.O) and its lawyers at Gibson, Dunn & Crutcher, $925,000 isn't a whole lot of money. Chhabria, as you've probably heard, ordered Facebook and its lawyers to pay that sum to plaintiffs' lawyers as recompense for their bad-faith litigation tactics. "Does anyone really think that Facebook was planning on taking this case to trial?" This is, by far, the most likely explanation for Facebook and Gibson Dunn’s conduct." Facebook and its lawyers fell into their roles with ease, and then they took things way too far.”Gibson Dunn and Meta both declined to provide a statement on Chhabria’s order.

☆ Sorry crypto world, but SEC isn’t backing down on ‘regulation by enforcement’
▼ + stars: | 2023-02-08 | 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

Right now, Wahi argued, crypto users are simply left guessing about their exposure to SEC enforcement — and that's not sustainable. That strategy, Hodl Law asserted, didn't give token-holders fair notice about whether their coins are securities. Otherwise, Hodl Law said, Ethereum users have no idea if the SEC will swoop in with an enforcement action. The SEC also said that it's not obliged to warn crypto users about its interpretation of securities laws. It also, however, provides the first robust explanation of an argument I expect to see more often in SEC crypto cases: SEC enforcement, according to Wahi, is precluded by the Supreme Court’s recently articulated major questions doctrine.

☆ 'We were duped': How George Santos raised money from wealthy GOP donors while lying about his resume
▼ + stars: | 2023-01-09 | by ( Brian Schwartz | ) www.cnbc.com time to read: +10 min

His name was actually Sam Miele, and he worked for Santos raising money for his campaign, according to one GOP donor who contributed to Santos' campaign. In raising money for his campaign, Santos fed donors the same falsehoods he gave voters, campaign fundraisers and others say. "We were duped," said a Republican political strategist close to GOP donors and the leadership of the Republican Jewish Coalition. The RJC is considered the most prominent group of Jewish Republican donors, making gatherings such as the Hanukkah event key networking platforms for politicians. Vallone gave $17,900 in August between Santos' campaign, his leadership PAC and a joint fundraising committee, according to FEC records.

☆ Analysis: Chaos in Congress sends an ominous signal to Wall Street
▼ + stars: | 2023-01-04 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Many on Wall Street cheered last fall when the midterm elections ushered in a return of divided government in Washington. But the historic dysfunction playing out in Congress this week is a reminder that you should be careful what you wish for. Buckle up for debt ceiling brinksmanshipBut lawmakers did not agree to tackle the debt ceiling, the borrowing limit that must be raised to avoid a calamitous US debt default. In the past, brinksmanship over the debt ceiling eventually gave way to a compromise, though often not until significant pressure was applied by business leaders, financial markets — or both. Andrew Frankel, co-president of Stuart Frankel, dismissed the House speaker race as a “big, fat nothing-burger” for the market and said it was “just noise.”“It’s all about the Fed,” Frankel said.

☆ Doorbell cameras are changing the legal profession by capturing crime, alibis, and cheating spouses
▼ + stars: | 2022-12-28 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Doorbell cameras are changing the legal profession as their numbers surge, lawyers say. "They know she's home, but she has a doorbell camera and never opens the door," Bracker told Insider recently. "Damn doorbell cameras!" No matter their specialty — family law, criminal law, corporate law, and beyond — lawyers know they must move quickly to secure doorbell camera footage. He also agreed that doorbell cameras make it harder for process servers to hand-deliver important legal documents.

☆ 5 books to help you be smarter and more successful at work from Warren Buffett, Bill Gates, and more
▼ + stars: | 2022-12-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

Finding the time, or motivation, to read a 300-plus page book after an exhausting workday is no easy feat. "There is so much valuable knowledge you can learn from books and put into practice in your own life …. Many of the world's most successful business leaders, from Bill Gates to Warren Buffett, are proud bibliophiles, citing reading as an important habit for sparking creativity and broadening your understanding of the world. Gates said that Gallwey's insights "subtly affected" how he showed up to work throughout his career at Microsoft. This "is an outstanding book about CEOs who excelled at capital allocation," Buffett wrote in his 2012 letter to shareholders.

☆ Bethenny Frankel shares her No. 1 tip for success: 'Procrastination is the thief of time'
▼ + stars: | 2022-12-20 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

If you want to be as successful as Bethenny Frankel, the millionaire entrepreneur says there's one skill you need to master: organization. Sure, it's great to be smart and hardworking, but if you can't keep all your ducks in a row you'll never be able to achieve your full potential, the former "Real Housewife" and co-star of CNBC's "Money Court" tells CNBC Make It. "I don't think I could have this bandwidth without being so organized," she says. "I can do 10 times the amount that somebody else can do by being so organized."

☆ Bethenny Frankel reveals her secrets to success
▼ + stars: | 2022-12-20 | by ( Jessica Leibowitz | Nicolas Vega | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBethenny Frankel reveals her secrets to successThe entrepreneur and co-star of CNBC's "Money Court" Bethenny Frankel shares how she is able to do 10 times the amount of work that others can do by being organized. 01:21 14 minutes ago

☆ 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.

☆ Dollar General's new Popshelf stores chase inflation-weary shoppers in the suburbs
▼ + stars: | 2022-12-13 | by ( Melissa Repko | ) www.cnbc.com time to read: +3 min

In this article DG Follow your favorite stocks CREATE FREE ACCOUNTwatch nowHigher incomes, higher profitsPopshelf is designed to drive higher sales and higher profits than the Dollar General store banner. Each Popshelf store is projected to hit between $1.7 million and $2 million in sales annually with an average gross margin rate that exceeds 40%. Inside of Popshelf stores, the brands and items on shelves reflect that customer. Dollar General is the fastest-growing retailer in the country by store count, according to Coresight Research, a retail-focused advisory firm. The company plans to open about 1,050 new stores in the U.S. in the coming fiscal year — including the Popshelf locations.

☆ New: Kevin & Bethenny Taste The Product
▼ + stars: | 2022-12-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew: Kevin & Bethenny Taste The ProductThings get hot when Kevin O'Leary and Bethenny Frankel taste a product on this episode of Money Court.

☆ Bethenny Frankel shares how she avoids burnout
▼ + stars: | 2022-12-06 | by ( Jessica Leibowitz | Nicolas Vega | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBethenny Frankel shares how she avoids burnoutBethenny Frankel is careful to strike a balance between work and downtime. "My identity is not tied to my calendar being full," says the entrepreneur and co-star of CNBC's "Money Court." 01:24 18 minutes ago

☆ FTX's Bankman-Fried hires white collar defense attorney Mark Cohen
▼ + stars: | 2022-12-06 | by ( Chris Prentice | ) www.reuters.com time to read: +3 min

Bankman-Fried has retained Cohen, of Cohen & Gresser, Bankman-Fried's spokesperson Mark Botnick said in an emailed statement. In recent weeks, U.S. authorities have sought information from investors and potential investors in FTX, according to two sources with knowledge of the requests. Federal prosecutors in New York are asking for details on any communications such firms have had with the crypto firm and its executives, including Bankman-Fried, the sources said. The Securities and Exchange Commission has been asking for similar information from investors as well, one of the sources said. "I didn't ever try to commit fraud," Bankman-Fried said, adding that he doesn't personally think he has any criminal liability.

[1/2] The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022. Ellison, who ran trading firm Alameda Research, has hired Washington-based law firm Wilmer Cutler Pickering Hale and Dorr to represent her, a source familiar with the matter told Reuters. Semafor previously reported Mills' advisory work for Bankman-Fried. FTX secretly transferred customer funds to its affiliate Alameda Research to fill a shortfall at the crypto trading firm, Reuters has previously reported. The Wall Street Journal has previously reported that Ellison and senior FTX officials knew the crypto exchange had dipped into its customer funds to help Alameda meet liabilities.

☆ Bethenny Frankel breaks down her approach to burnout: 'My identity is not tied to my calendar being full'
▼ + stars: | 2022-12-06 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

"I would not expend the time and work physically enough to experience burnout," Frankel says. Over the course of her decades-long entrepreneurial career, Bethenny Frankel has learned that the best strategy for dealing with burnout isn't to manage it, but to avoid it altogether. In practice, this means making sure she doesn't schedule too many work obligations back-to-back. When this happens, Frankel trusts the employees who help her manage her calendar to give her time to recover. "[Sometimes] you're gearing up for something and you know you're going to be exhausted and be a little bit edgy," she says.

☆ Gabourey Sidibe reveals she’s been secretly married for over a year
▼ + stars: | 2022-12-05 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —It turns out that Gabourey Sidibe has been even busier than previously thought since the beginning of the pandemic. Not only did the Oscar-nominated actress get engaged, she also secretly got married well over a year ago. “Here’s an example of how much I don’t like them: I’m actually married. Frankel posted a series of pictures of the couple showing off their rings to his Instagram also on Monday, writing, “SURPRISE! “Nobody I would rather raise cats with and be in bed by a smooth 8pm with.

☆ 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?

☆ Godiva accused of post-settlement meddling with claims in Belgium chocolate class action
▼ + stars: | 2022-11-11 | 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

At issue is the settlement claims process, funded by Godiva and executed by Kroll Notice Media Solutions. According to class counsel, Godiva recently directed Kroll “to conduct several additional rounds of review” of class claims that had already been validated. Adding to the intrigue: In September, class counsel told Preska that Godiva had informed them that the company did not have enough money to pay class members. It's also rare, Frank said, for class counsel to ask a judge to get involved in the post-settlement claims administration process. Read more:State AGs, objectors hoist red flags in proposed Godiva class actionOur Standards: The Thomson Reuters Trust Principles.

☆ This Season On Money Court
▼ + stars: | 2022-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis Season On Money CourtOn Money Court, every decision is a business decision. Kevin O'Leary and Bethenny Frankel are in session starting Wednesday, November 30 at 10pm ET on CNBC.

☆ Wall Street is bracing for a potential game changer, but it's not the midterms
▼ + stars: | 2022-11-08 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN Business —Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world, but traders say this week’s inflation report may prove to be far more consequential to markets. Traders typically believe gridlock is good because it means one party can’t push through legislation that messes things up. Andrew Frankel, co-president of Stuart Frankel, agrees that a GOP victory is “baked in” and shouldn’t trigger a major market rally. If anything, Frankel said, it could be a sell-on-the-news event where markets retreat after getting confirmation of a GOP win. Multiple NYSE traders told CNN that the midterm election may be overshadowed by Thursday’s Consumer Price Index, an inflation gauge that has become arguably the most important economic metric of the month.

☆ Bethenny Frankel: I went from a 'Real Housewife' to a credible businesswoman. It took me a while to realize my success wasn't a fluke.
▼ + stars: | 2022-11-03 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +7 min

I used to joke and say I'm a beauty influencer. It took a while for me to realize that my success wasn't a fluke and that I wasn't a one hit wonder. Now that I've proven myself in business, I'm actually ready to switch gears. As a mother, I think accountability is what I'm talking about, because these toxic messages are being sent to my daughter. I may not always know what the hell I'm talking about, but we're going to figure it out together.

☆ McDonald's initially hesitated about introducing Happy Meals to all its restaurants, says the man who invented them
▼ + stars: | 2022-10-30 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

McDonald's was reluctant to roll out Happy Meals to all restaurants in the 1970s, its inventor said. Bob Bernstein, an advertising exec, told CNN he got the idea when he saw his son eating cereal. Bernstein proceeded to design a box that the McDonald's golden arches as handles, as well as riddles, games, and illustrations. The Happy Meal has since become a crucial part of the McDonald's menu and has evolved over the past four decades. Data research firm Sense360 calculated in 2016 that McDonald's sells 3.2 million Happy Meals each day, generating about $10 million in revenue.

☆ The Happy Meal inventor says McDonald’s didn’t want it at first
▼ + stars: | 2022-10-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

But four decades ago, when the first Happy Meal debuted, the company didn’t quite get it. They didn’t immediately embrace it,” Bob Bernstein, an advertising executive who created the Happy Meal in the late 1970s, said in a video interview from his Kansas City office, which is decked out with Happy Meal memorabilia and original art. The meal’s name was an offshoot of a 1960s McDonald’s jingle, in which it called itself the “happy place.” “It’s such a happy place / Hap, hap, hap, happy place,” it went. For some reason, the company’s corporate offices outside Chicago were reluctant to roll out the Happy Meal nationally. Mario Anzuoni/ReutersIn the 1990s, Beanie Babies, Transformers and Power Rangers Happy Meal toys were massive hits for McDonald’s.

☆ Pfizer, facing lawsuit, says minority fellowship program serves public interest
▼ + stars: | 2022-10-26 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

NEW YORK, Oct 26 (Reuters) - Pfizer Inc (PFE.N) said its fellowship program for minorities serves the public interest, as the drugmaker defends against a lawsuit by a group of medical professionals that claims the program illegally excludes whites and Asian-Americans. Fellows receive two years of full-time jobs, fully-funded master's degrees, and employment at New York-based Pfizer after completing the program. The fellowship program "does what Congress has encouraged and controlling law allows," Pfizer said. Among the precedents at risk is a 2003 Supreme Court decision where Justice Sandra Day O'Connor said race could be used as one factor among many to achieve diversity. The case is Do No Harm v. Pfizer Inc, U.S. District Court, Southern District of New York, No.

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