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[1/2] A J.P. Morgan logo is seen outside the JPMorgan bank offices in Paris, France, January 27, 2023. REUTERS/Sarah MeyssonnierNEW YORK, March 20 (Reuters) - A U.S. judge on Monday said JPMorgan Chase & Co (JPM.N) must face a lawsuit by the U.S. Virgin Islands accusing the bank of enabling the late financier Jeffrey Epstein's sex trafficking. The judge also said JPMorgan and Deutsche Bank AG (DBKGn.DE) must face lawsuits by two women who said Epstein sexually abused them, and who also accused the banks of enabling his sex trafficking. U.S. District Judge Jed Rakoff in Manhattan dismissed some claims in all three lawsuits. Reporting by Jonathan Stempel in New York; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ JPMorgan Chase can be sued by Virgin Islands over Jeffrey Epstein sex trafficking claims
▼ + stars: | 2023-03-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

Epstein, who killed himself in a Manhattan jail in 2019 while awaiting trial on federal criminal child sex trafficking charges, was a JPMorgan client from 1998 through 2013. "Epstein's sex trafficking operation was impossible without the assistance of JPMorgan Chase, and later Deutsche Bank," Edwards said. In the Virgin Islands' suit, Rakoff sustained the government's claim that JPMorgan Chase benefited from participating in Epstein's sex trafficking, which included shipping women to his private island in the U.S. territory. The judge dismissed all other claims in the Virgin Islands' and accusers' cases. In a statement, U.S. Virgin Islands Acting Attorney General Carol Thomas-Jacobs said, "We are pleased that the U.S. Virgin Islands will continue to work alongside survivors to hold JPMorgan Chase accountable for enabling Jeffrey Epstein's heinous sex-trafficking venture."

☆ Former JPMorgan executive, ex-Barclays CEO Staley to be deposed next week
▼ + stars: | 2023-03-17 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +2 min

Lawyers for the bank said during a hearing on Thursday they would depose Staley, who also served as Barclays Plc's (BARC.L) chief executive, on March 23 and 24. JPMorgan has accused Staley, its former head of private banking, of "intentional and outrageous conduct" in concealing information about Epstein, with whom he had been friends. The lawsuit seeks to force Staley to return eight years of compensation and reimburse JPMorgan for damages the company might incur in the other lawsuits. Last week, Rakoff had ordered the bank to hand over more documents concerning its CEO Jamie Dimon. A separate trial involving an Epstein victim suing Deutsche Bank AG (DBKGn.DE) may also be rescheduled.

"Jamie Dimon knew in 2008 that his billionaire client was a sex trafficker," attorney Mimi Liu told Manhattan U.S. District Judge Jed Rakoff at a hearing late Thursday, referring to the year Epstein was first criminally charged with sex crimes. "If Staley is a rogue employee, why isn't Jamie Dimon?" The lawyer continued: "Staley knew, Dimon knew, JPMorgan Chase knew" about Epstein's criminal conduct. Simon Dawson | Bloomberg | Getty ImagesA lawyer for JPMorgan disputed those arguments, "in particular the point about Jamie Dimon having any specific knowledge." Wexler also said, "Jamie Dimon has no recollection of reviewing the Epstein accounts."

☆ I just traveled to Argentina — and doubled my money with a 'black market' exchange rate
▼ + stars: | 2023-03-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +15 min

A legal exchange rate influenced by the black marketA worker lays out 500 Argentine peso note sheets on Aug. 14, 2020 in Buenos Aires. Greg IacurciPut another way: Your money goes almost twice as far with the "blue dollar" exchange rate. The exchange rate for the transaction was 366 Argentine pesos per U.S. dollar, almost double the official exchange rate (190 pesos per dollar) at the time. Anyone who wants to save more cash in U.S. dollars must turn to the black market, which sets the "blue dollar" exchange rate. The exchange rate offered by Western Union has been similar to that of the "blue dollar" rate on the black market.

☆ The Big Tech Censorship Machine Is Running in 2024
▼ + stars: | 2023-03-09 | by ( Jed Rubenfeld | ) www.wsj.com time to read: 1 min

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U.S. District Judge Jed Rakoff in Manhattan said the bank must turn over requested documents from 2015 to 2019, a period after JPMorgan had dropped Epstein as a client. The U.S. Virgin Islands has called Dimon "a likely source of relevant and unique information" about why JPMorgan kept Epstein on, and discussions on Epstein's referrals of prominent and wealthy potential clients. Lawyers for the U.S. Virgin Islands did not immediately respond to requests for comment. JPMorgan wants Staley to reimburse it for damages it might incur in the other lawsuits, and return eight years of compensation. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

☆ Supreme Court's decision on Biden's student loan forgiveness plan may hinge on Justice Amy Coney Barrett
▼ + stars: | 2023-03-08 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

The fate of the Biden administration's sweeping plan to cancel $400 billion in student loan debt for tens of millions of Americans may hinge on the newest conservative member of the Supreme Court: Justice Amy Coney Barrett. Barrett was the conservative justice who seemed the most unconvinced by the plaintiffs challenging student loan forgiveness, said Jed Shugerman, a law professor at Fordham University. Specifically, Shugerman said, Barrett didn't seem to agree that they'd proven they have standing to sue. "Barrett was vocally and deeply uncomfortable about ruling that any of the plaintiffs had standing," Shugerman said. More from Personal Finance:Why Social Security retirement age, payroll tax may changeExperts argue Social Security retirement age shouldn't pass 67Return on waiting to claim Social Security is 'huge'As a rule, plaintiffs must prove that a policy would cause them injury in order to challenge it in the courts.

☆ Biden administration lawyer may have saved student loan forgiveness plan at Supreme Court
▼ + stars: | 2023-03-01 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

The government's top Supreme Court lawyer may have saved President Joe Biden's $400 billion student loan forgiveness plan from what experts considered all-but-certain defeat. Experts lobbed praise on Solicitor General Elizabeth Prelogar, the lawyer who represented the Biden administration in front of the nine justices on Tuesday. "The Biden administration now seems more likely than not to win the cases," said higher education expert Mark Kantrowitz. University of Chicago Illinois Law Professor Steven Schwinn agreed: "Prelogar knocked it out of the park." On Wednesday, Fordham Law professor Jed Shugerman tweeted that he remains "struck by SG Elizabeth Prelogar's brilliant performance."

☆ Australia tells Twitter, Google to give information on handling online child abuse
▼ + stars: | 2023-02-22 | by ( Byron Kaye | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/IllustrationSYDNEY, Feb 23 (Reuters) - An Australian regulator has sent legal letters to Twitter and Google telling them to hand over information about their efforts to stop online child abuse, drawing them into a crackdown that has already put pressure on other global tech firms. She said it was in Twitter's interests to show that it was acting effectively to eradicate child sexual abuse material, otherwise advertisers could turn away from the company. Apart from writing to Twitter, the commissioner also sent letters to Alphabet Inc's (GOOGL.O) Google, owner of YouTube and the file storage unit Google Drive, and China's TikTok. Last year, the commissioner sent similar notices to Apple Inc (AAPL.O), Microsoft Corp (MSFT.O) and Facebook owner Meta Platforms (META.O). read moreInman Grant said a 2020 joint investigation with the Canadian Centre for Child Protection found widespread publicly-available abuse material on Twitter, which those authorities reported to Twitter's head of trust and safety.

☆ Space station company Vast, founded by billionaire Jed McCaleb, acquires startup Launcher
▼ + stars: | 2023-02-21 | by ( Michael Sheetz | ) www.cnbc.com time to read: +1 min

Space station company Vast announced on Tuesday it has acquired fellow startup Launcher in a move that effectively triples the former's headcount and expands its suite of tech and IP. "Building a space station is this complex undertaking, and you need a lot of people to do it," Vast founder and CEO Jed McCaleb told CNBC. Vast aims to build human habitats with artificial gravity, a step more ambitious than the existing zero gravity environment of the International Space Station, or of other private stations underway. Headquartered in Long Beach, California, at a 115,000-square-foot facility, Vast was stood up last year by McCaleb, who made his fortune in cryptocurrency. Before launching Vast, McCaleb first dipped into the space industry in 2021, joining the board of Firefly Aerospace after an investment through a non-profit he founded called the Astera Institute.

☆ Former VMWare CTO turned VC Steve Herrod has left General Catalyst to join the firm Juxtapose. Here's where he sees opportunity in building enterprise and AI startups.
▼ + stars: | 2023-02-09 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

Herrod, the former CTO of VMWare, will build enterprise startups in areas like AI and cybersecurity. Herrod is joining the venture studio Juxtapose, where he will focus on creating enterprise software startups, he told Insider exclusively. Though Juxtapose's portfolio includes a range of industries such as fintech, insurance, and healthtech, the firm hasn't had a long reach within enterprise software. He told Insider he sees ample opportunity within segments such as cybersecurity, open-source software, software supply-chain management, and artificial intelligence — several of which are receiving a hefty amount of attention from VCs right now. Now the venture world is full of former tech executives who have made the switch to backing startups.

☆ A biotech millionaire claimed his wild routine cut his biological age by 5 years. Scientists aren't sure most of it really works.
▼ + stars: | 2023-02-08 | by ( Marianne Guenot | Lloyd Lee | ) www.businessinsider.com time to read: +11 min

Bryan Johnson, a 45-year-old biotech CEO, has spent millions in his quest to reverse aging. He claims his biological age has been cut by 5 years with a strict regimen controlled by doctors. The Green Giant smoothie, which Bryan Johnson drinks every morning at around 5am. Intrusive measurements, including regular colonoscopiesA nurse performs a blood test for Bryan Johnson. But does that mean they've cracked the code on how to measure the "biological age" of a person accurately?

☆ Companies, Lenders Clash Over Loan Spreads in Switch From Libor
▼ + stars: | 2023-01-13 | by ( Mark Maurer | ) www.wsj.com time to read: +7 min

As part of the shift, companies typically propose changes to their loan agreements with lenders, adjusting for the price difference between SOFR and Libor. The adjustment of the credit spread adds basis points to the interest rate on a loan to make up for the fact that SOFR has traded lower than Libor. The difference between SOFR and Libor can be as much as 25 basis points for loans with maturities of five to seven years. There will likely be more disagreements over credit spread adjustments as companies stop using Libor prior to its end. “There’s no reason to burn bridges over a few basis points,” Mr. Kerschner said.

☆ DeVante Parker: NFL says it is reviewing an apparent head injury incident during Monday's Patriots game
▼ + stars: | 2022-12-14 | by ( Kevin Dotson | ) edition.cnn.com time to read: +27 min

CNN —The NFL and the NFL Players Association are looking into an incident in which an apparent head injury to New England Patriots wide receiver DeVante Parker seemingly went unnoticed by medical staff and spotters, league spokesman Brian McCarthy tells CNN. Jeff Dean/AP Los Angeles Chargers wide receiver Mike Williams catches a pass against Miami Dolphins cornerback Xavien Howard on December 11. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Cardinals vs Patriots: Arizona's woes continue as Kyler Murray hurt in 27-13 loss to New England
▼ + stars: | 2022-12-13 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +27 min

Jeff Dean/AP Los Angeles Chargers wide receiver Mike Williams catches a pass against Miami Dolphins cornerback Xavien Howard on December 11. Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Brock Purdy and the San Francisco 49ers spoil Tom Brady’s homecoming in blowout win over Tampa Bay Buccaneers
▼ + stars: | 2022-12-11 | by ( Jacob Lev | ) edition.cnn.com time to read: +3 min

Irrelevant in the 2022 NFL Draft to spoiling Tom Brady’s homecoming, San Francisco 49ers rookie quarterback Brock Purdy has almost seen it all following Sunday’s 35-7 blowout win over the Tampa Bay Buccaneers. San Francisco 49ers quarterback Brock Purdy throws a touchdown pass to running back Christian McCaffrey during their game against the Tampa Bay Buccaneers on Sunday, December 11, 2022. Tony Avelar/APAfter the game, Purdy called it “surreal” to be playing on the same field as Brady. “Just standing there, like ‘man that’s Tom Brady,’ talking to guys and dapping guys up and stuff,” Purdy told reporters with a huge smile on his face. They believed in me when I was the last draft pick and all that stuff.”Tampa Bay Buccaneers quarterback Tom Brady runs against San Francisco 49ers defensive end Nick Bosa during the second half of their game.

☆ Henry Anderson: Carolina Panthers defensive end reveals he recently had stroke -- but wants to play on Sunday
▼ + stars: | 2022-12-08 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +26 min

Tony Gutierrez/AP Buffalo wide receiver Stefon Diggs digs into a turkey leg after the Bills defeated Detroit on Thanksgiving Day. Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Von Miller: Buffalo Bills defensive star is out for the season with torn ACL
▼ + stars: | 2022-12-08 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +25 min

Tony Gutierrez/AP Buffalo wide receiver Stefon Diggs digs into a turkey leg after the Bills defeated Detroit on Thanksgiving Day. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Drake, 21 Savage agree not to use 'Vogue' trademarks to promote No. 1 album
▼ + stars: | 2022-11-17 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

[1/2] Rapper Drake arrives on the red carpet for the film "The Carter Effect" at the Toronto International Film Festival (TIFF), in Toronto, Canada, September 9, 2017. REUTERS/Mark Blinch/File PhotoNEW YORK, Nov 17 (Reuters) - Drake and 21 Savage have stopped using Vogue trademarks to promote their new No. 1 album "Her Loss," and agreed to a preliminary injunction against resuming their campaign. Drake and 21 Savage did not concede liability or wrongdoing, and agreed to the injunction to avoid unnecessary costs, the filing said. The fake Vogue magazine featured Drake and 21 Savage on the cover, and their campaign included a suggestion that they had support from longtime Vogue editor-in-chief Anna Wintour.

☆ The New Woke Discrimination Demands a New Law
▼ + stars: | 2022-11-16 | by ( Vivek Ramaswamy | Jed Rubenfeld | ) www.wsj.com time to read: 1 min

Republican politicians often ask what they can do in office to combat “wokeness.” The best approach is to amend state and federal civil-rights laws to protect employees from discrimination on the basis of political beliefs. Corporate viewpoint discrimination is unfair and widespread, a driver of polarization, and a direct consequence of the way existing civil-rights laws have been interpreted—a legal mistake that demands a legal solution. On signing the Civil Rights Act of 1964, President Lyndon B. Johnson declared that it would “end divisions” and told Americans to “lay aside irrelevant differences and make our nation whole.” But while the act prohibits discrimination on the basis of race, sex, and religion, it doesn’t protect political beliefs, and today corporations across America fire employees who express the wrong political opinions.

☆ Ex-college basketball player and wife identified as pair killed in a murder-suicide inside the Dallas medical examiner’s office
▼ + stars: | 2022-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | David K. Li | ) www.nbcnews.com time to read: +2 min

The man who killed his estranged wife, a Dallas medical examiner, inside her office before turning the gun on himself, was identified as a former college basketball player, authorities said Friday. James "Jed" Frost, who played at the University of Missouri in the early 1990s, fatally shot his wife, Dr. Beth Ellen Frost, on Tuesday afternoon inside her office at the Dallas County Medical Examiner's Office, officials said. The shooting is still under investigation, a Dallas County Sheriff's spokeswoman said. Frost's office near downtown Dallas after shots were heard at about 4:45 p.m., sheriff's deputies said. "We don't expect anyone to occupy that office," Price said.

☆ Trolls are already abusing Elon Musk's new Twitter verification system, impersonating everyone from George Bush to O.J. Simpson
▼ + stars: | 2022-11-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Twitter's new verification system is already being abused by trolls impersonating public figures. Neither Bush nor Blair have personal Twitter accounts, but are verified through their foundations. Other examples of fake but verified accounts causing trouble soon after the new verification system came in included a user pretending to be O.J. "I'm ngl I did that shit," the verified account "ThaReal0J32" tweeted, attracting over 55,000 likes before it was deleted. The fake Bush account also responded to tweets about fake verified accounts saying: "Jed [Bush's younger brother] is smarter than Elon."

REUTERS/Mark Blinch/File PhotoNEW YORK, Nov 9 (Reuters) - A U.S. judge on Wednesday has blocked the rappers Drake and 21 Savage from using fake copies of Vogue magazine to promote their new album. Conde Nast said Drake and 21 Savage had no permission to create the counterfeit magazine, which features them on the cover, to promote their album "Her Loss," or suggest Vogue's longtime editor-in-chief Anna Wintour supported them. Wednesday's order requires Drake, a Toronto native, and 21 Savage, from Atlanta, to stop distributing the fake magazine and cover, including on social media. Conde Nast said the defendants distributed the bogus Vogue issue in major metropolitan areas, with posters plastered on streets and buildings. The publisher, also known as Advance Magazine Publishers Inc, is seeking at least $4 million in damages.

☆ While Elon Musk said 'comedy is now legal' following his acquisition of Twitter, jokes about the new owner and criticism over his takeover are getting users blocked and suspended
▼ + stars: | 2022-11-07 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

The day after he purchased Twitter, billionaire Elon Musk posted "comedy is now legal" on the platform. In the days since, parody accounts impersonating Musk and joking about the acquisition have been removed. Musk tweeted on Sunday that unlabeled parody accounts will be "permanently suspended" without warning. The day after he purchased Twitter, Musk posted a tweet saying "comedy is now legal" on the platform, but in the days since his takeover, parody accounts impersonating Musk have cropped up across the site, riffing about the new owner, and getting banned in the process. Musk added that going forward, any change in name at all from a verified account would result in a "temporary loss of verified checkmark."

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