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☆ Father of UVa shooting suspect says son told him people were 'picking on him,' seemed 'paranoid'
▼ + stars: | 2022-11-15 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

His father, Christopher Darnell Jones Sr, told NBC affiliate WBBT of Richmond, Virginia, “I can’t believe it was him. I don’t know what happened between then and now to cause this to happen,” he continued. He said some people were picking on him or whatever, he didn’t know how to handle it. She said that she didn't have contact with him after the shooting and didn't know what might have contributed to it. Now the father wants to speak face-to-face with his son and figure out what let up to the shooting.

SummarySummary Companies FTX in contact with federal, state, international regulatorsMore than one hundred thousand creditors involved in the bankruptcy case, maybe over one millionBahamas regulator appoints provisional liquidatorsFrench cen. "FTX faced a severe liquidity crisis that necessitated the filing of these cases on an emergency basis last Friday," the court filing stated. Reuters Graphics Reuters GraphicsFTX's bankruptcy case includes more than one hundred thousand creditors, and this number could surpass one million, the filings said. The numbers were disclosed as FTX requested that multiple FTX group companies file one consolidated list of major creditors, rather than separate ones. Canadian crypto exchange Bitvo said on Tuesday it had terminated its deal to be bought by FTX, a deal that had been due to close in the third quarter of this year.

☆ Bahamas financial regulators appoint liquidators for FTX unit
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +1 min

Nov 15 (Reuters) - Financial regulators in the Bahamas on Monday appointed liquidators to run FTX's unit in the country, just days after authorities said they were looking for any "criminal misconduct" by the collapsed crypto exchange. The Securities Commission of The Bahamas said it had won court approval and appointed two members from PwC to oversee FTX Digital Markets Ltd, a subsidiary of FTX licensed in the country. FTX founder Sam Bankman-Fried, who lives in the Bahamas, has also been the subject of speculation about his whereabouts and he denied rumors on Twitter that he had flown to South America. When asked by Reuters on Saturday whether he had flown to Argentina, he responded in a text message: "Nope". Reporting by Akriti Sharma in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Opioid settlement: Walmart agrees to $3.1 billion framework
▼ + stars: | 2022-11-15 | by ( Kristina Sgueglia | ) edition.cnn.com time to read: +2 min

New York CNN Business —Walmart agreed to the framework of a $3.1 billion settlement, which resolves allegations from multiple states’ attorneys general that the company failed to regulate opioid prescriptions contributing to the nationwide opioid crisis. The framework will resolve virtually all opioid lawsuits and potential lawsuits by state, local, and tribal governments against Walmart, assuming all the settlement’s conditions are satisfied. As part of the framework of the agreement, New York state will receive up to $116 million. The settlement is still pending approval from other states, but James’ office believes they will give the deal their blessing by the end of the year. “Promising negotiations,” are still underway with other pharmacies including Walgreens and CVS, James’ office said.

The university’s “threat assessment team” had learned about Jones in September after a third party, who was not a student, reported that he spoke about having a gun, UVA Police Chief Timothy Longo told reporters. He said the school’s student affairs office interviewed Jones’ roommate, who had not seen the suspect with a gun. Steve Helber / APIt wasn’t clear if the school’s internal investigation of Jones possibly having a gun ended with that roommate’s interview. Jones had also been involved in a campus hazing probe, but it did not appear to lead to any disciplinary action, Longo said. A UVA men's basketball home game set for Monday night against the University of Northern Iowa was postponed.

Moderna’s updated Covid booster appears to increase the immune response to omicron subvariants BA.4 and BA.5, as well as another subvariant, called BQ.1.1, that's gaining ground in the United States, the company said in a release Monday. The results are based on blood samples taken from 511 adults who got the updated booster, which targets BA.4 and BA.5, along with the original coronavirus strain, in a single shot. In people who got the updated booster, neutralizing antibodies against BA.4 and BA.5 were about fivefold higher in those with a previous Covid infection and sixfold higher in those without a documented infection, the company said. Moderna also said an additional analysis of 40 people found the updated booster demonstrated “robust neutralizing activity” against the subvariant BQ.1.1, though the response wasn’t as strong as what was seen against BA.4 and BA.5. Earlier this month, Pfizer and BioNTech said their updated booster shot generated a stronger immune response against BA.4 and BA.5 compared with their original Covid vaccine.

[1/3] Academic workers at UC San Diego walk out as thousands of employees at the University of California campuses have gone on strike in an effort to secure improved pay and working conditions in San Diego, California, U.S., November 14, 2022. REUTERS/Mike BlakeSAN DIEGO, Nov 14 (Reuters) - Thousands of academic workers went on strike at University of California campuses throughout the state on Monday, forming picket lines, affecting classes and staging noisy protests to demand better wages for teaching assistants and others. Some 48,000 academic workers represented by the United Auto Workers (UAW) are in contract talks with the University of California system, but it was uncertain how many went on strike at the 10 UC campuses. The University of California said it is offering wage increases of up to 7.5% for postdoctoral scholars, 7% for academic student employees, 10% for graduate student researchers, and 4% for academic researchers. Reporting by Mike Blake in San Diego and Daniel Trotta in Carlsbad, Calif.; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ Quinn Emanuel adds longtime SEC enforcement official in D.C., California
▼ + stars: | 2022-11-14 | by ( Chinekwu Osakwe | Thomson Reuters | Chinekwu Osakwe Covers Legal Industry News With A Focus On Midsize Law Firms. Reach Her At Chinekwu.Osakwe Thomsonreuters.Com. | ) www.reuters.com time to read: +1 min

CompaniesCompanies Law firms Quinn Emanuel Urquhart & Sullivan LLP Follow(Reuters) - Quinn Emanuel Urquhart & Sullivan said Monday that U.S. Securities and Exchange Commission official C. Dabney O'Riordan has joined the firm's SEC enforcement practice as a partner in Los Angeles and Washington, D.C.O'Riordan was the longest serving head of the SEC’s Division of Enforcement’s Asset Management Unit before leaving the agency in September, according to the 900-attorney firm. At Quinn Emanuel, she will represent asset managers that handle private funds including private equity managers, hedge fund managers, mutual fund advisors and ETF advisors, she said. “There’s a lot of rulemaking going on in the asset management space,” said O'Riordan, who joined the SEC in 2005. She also knew some of her new colleagues before joining, including co-chairs of the firm’s SEC enforcement defense practice, Michael Liftik and Sarah Heaton Concannon, O'Riordan said. Read more:Litigation giant Quinn Emanuel beefs up leadership, elevating DC, NY partnersOur Standards: The Thomson Reuters Trust Principles.

☆ The pro-choice movement is jubilant after the midterms turned the anti-abortion tide
▼ + stars: | 2022-11-13 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +9 min

The midterms proved that voters want to defend abortion access. Smith told Insider that, like many others, while she eagerly awaited the midterm results, the young man popped into her head. Timmaraju told Insider that they'd shifted resources over the summer into getting out the vote. "I think the moral of the story is young voters and women voters saved the day, saved Democrats." Melissa Fowler, the chief program officer of the National Abortion Federation, told Insider that, "Now the country has heard loud and clear that people support abortion access.

☆ Australia seeks to reassure citizens on COVID after cruise ship outbreak
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Nov 12 (Reuters) - Australia's Home Affairs Minister on Saturday sought to reassure the public that COVID-19 protocols were adequate after a cruise ship with hundreds of infected passengers docked in Sydney. The incident has sparked comparisons with a notorious 2020 outbreak onboard the Ruby Princess cruise ship. That outbreak, also in New South Wales, led to 914 infections and 28 deaths, an inquiry found. Carnival Australia, part of global leisure company Carnival Corporation & plc, said COVID-positive passengers were isolating onboard and being cared for by medical staff, according to New South Wales Health. The agency said it was working with cruise ship staff to monitor the health of passengers and crew members.

☆ Some colleges are so desperate for new students that they're offering slots to high schoolers who may not have even considered applying
▼ + stars: | 2022-11-12 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

The cost of a college education has led many young Americans to explore other options. These colleges work with third-parties to launch or expand "direct admission" programs, which allow schools to send admission offers to students who haven't undergone the traditional application process. George Mason, Loyola University New Orleans, Iona, and St. Thomas are among the schools already using direct admission to recruit some students. College enrollment has fallen over 1% since last fall, according to a report from the National Student Clearinghouse. As well as helping to boost enrollment numbers, direct admission advocates argue the process can expose young people to colleges — and lower tuition prices — they may never have known existed.

☆ The fall of crypto exchange FTX is 'worse than Theranos, worse than Madoff' as federal probes mount, former SEC official says
▼ + stars: | 2022-11-12 | by ( Brian Evans | ) www.businessinsider.com time to read: +3 min

The fall of cryptocurrency exchange FTX has drawn numerous comparisons to the collapse of Lehman Brothers. But a former Securities and Exchange Commission official likened FTX to the Theranos and Bernie Madoff debacles. "This is worse than Theranos, this is worse than Madoff," John Reed Stark told Yahoo Finance. But a former Securities and Exchange Commission official likened FTX to the Theranos and Bernie Madoff debacles. Stark noted "sophisticated" FTX investors have had to write down their holdings, even after performing due diligence on its financials.

☆ California mother charged after 3-year-old son dies of fentanyl overdose
▼ + stars: | 2022-11-11 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

A California mother has been charged with child endangerment after her 3-year-old son died of a fentanyl overdose earlier this year, police say. Jennifer Mae Niemann, 30, was the primary caregiver of the boy and was present when her child died on May 4, the San Luis Obispo Police Department said Thursday. Police received a call at 10:15 p.m. local time about an unresponsive 3-year-old boy who was turning blue and not breathing at a home in the 1600 block of Mill Street in San Luis Obispo. The boy was transported to a nearby hospital but never regained consciousness and was pronounced deceased that evening. On Monday, San Luis Obispo Police detectives went to San Diego to attempt to locate Niemann, who they described as transient, and she was located Tuesday and taken into custody.

The crypto giant FTX and its affiliated companies have started the process of filing for Chapter 11 bankruptcy, with founder Sam Bankman-Fried stepping down as CEO. Bankman-Fried sent out a series of tweets on Friday stating his hope that FTX would be able to continue as a going concern following its bankruptcy. Media outlets have reported that the Securities and Exchange Commission and Justice Department are now investigating FTX. In the days following the report, rival crypto exchange Binance announced it was liquidating its FTT holdings. Unable to find an out, FTX announced its bankruptcy filing Friday morning.

SINGAPORE/LONDON, Nov 11 (Reuters) - Regulators are moving in on distressed crypto exchange FTX as it scrambles to raise billions in funds to stave off collapse, while its chief executive, Sam Bankman-Fried, faces heightened scrutiny. The Securities Commission of the Bahamas has frozen assets of FTX Digital Markets, an FTX subsidiary. FTX Australia called in administrators on Friday, the Australian Financial Review reported, citing a company statement. Bankman-Fried is under investigation by the U.S. Securities and Exchange Commission for potential securities law violations, Bloomberg reported, citing a source. This source said helping out FTX was the question for larger investors in FTX.

That is why, leaders say, HBCUs and other minority-serving institutions will be even more important to students of color should the Supreme Court end affirmative action in college admissions. Allison ShelleyThe Supreme Court is hearing cases that challenge affirmative action policies at Harvard University and the University of North Carolina. Although HBCUs are predominantly Black institutions, non-Black students made up 24% of HBCU enrollment in 2020, according to the NCES. That diversity is important to consider amid claims that HBCUs make race-conscious admissions unnecessary, said Marie Bigham, the founder and executive director of the race-conscious admissions advocacy group Admissions Community Cultivating Equity & Peace Today. Late last month, the coalition and students from across the country protested outside the Supreme Court as it weighed the cases.

Meanwhile, the Securities Commission Of the Bahamas said on Thursday it had frozen assets of FTX Digital Markets, an FTX subsidiary. Broker Genesis Trading disclosed its derivatives business has approximately $175 million in locked funds on FTX. "We believe there is a 20-30% chance of a FTX rescue at best," said Matthew Dibb, chief operating officer of Singapore-based crypto investment manager Stack Funds. He is seeking the remainder from other funds, including current investors such as Sequoia Capital, the source added. It was not clear whether Bankman-Fried will be able to raise the funds he needs or if these investors would participate.

☆ Bahamas freezes certain FTX assets, further crippling Sam Bankman-Fried's troubled crypto trading firm
▼ + stars: | 2022-11-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

The Bahamas securities regulator has frozen the assets of FTX Digital Markets, an FTX subsidiary. The Bahamian securities regulator said any such actions are "contrary to normal governance." Certain assets of FTX Digital Markets — a subsidiary of Bankman-Fried's FTX crypto exchange — have been frozen by the Bahamas securities regulator, the authorities said in a media release on ThursdayAttorney Brian Simms, K.C. The Securities Commission of the Bahamas said in the announcement it's aware of statements suggesting FTX mishandled, mismanaged, or transferred the assets of clients to Alameda Research, Bankman-Fried's crypto trading firm. "Based on the Commission's information, any such actions would have been contrary to normal governance, without client consent and potentially unlawful," the Bahamian securities regulator added.

☆ Factbox: Global regulatory actions against FTX
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

FTX and its local units, had already attracted scrutiny from regulators around the world. The Securities Commission of the Bahamas said on Thursday it would freeze the assets of FTX Digital Markets, the group's local unit, and also appointed a provisional liquidator for the unit. EUROPE/CYPRUSCyprus's Securities and Exchange Commission asked FTX EU to suspend its operations on Nov. 9, the regulator said on Friday. FTX announced in September it had received approval from the Cypriot regulator to operate as a Cyprus Investment Firm, allowing the company to fully own a local investment firm it had previously acquired. The local unit resumed withdrawals on Friday.

☆ Bahamas securities regulators freeze assets of FTX's unit
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: 1 min

Nov 10 (Reuters) - The Securities Commission Of the Bahamas said on Thursday it had frozen assets of FTX Digital Markets, a subsidiary of the cryptocurrency exchange. The regulator said it had also suspended the registration and applied to the Supreme Court of The Bahamas for the appointment of a provisional liquidator of FTX Digital Markets Ltd. Reporting by Aishwarya Nair in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ FTX Digital Markets Assets Frozen in the Bahamas
▼ + stars: | 2022-11-10 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

The Securities Commission of the Bahamas said that it froze the assets of FTX Digital Markets Ltd. and related parties on Thursday and appointed a provisional liquidator. FTX Digital Markets, based in the Bahamas, is a subsidiary of cryptocurrency exchange FTX Trading Ltd., led by founder Sam Bankman-Fried. The powers of the directors of FDM have been suspended and no assets held by the firm can be transferred without the provisional liquidator’s approval, the commission said.

☆ Unvaccinated infants were hospitalized with Covid more this summer than most age groups, CDC says
▼ + stars: | 2022-11-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The average weekly hospitalization rate among young infants during this period was about 13.7 per 100,000. Fortunately, the surge in hospitalizations among young infants was not associated with increased severity. The spike in hospitalizations among young infants was due to high community transmission of the virus during omicron, according to CDC. The threshold for admitting young infants is also much lower than older children. Infants younger than six months are the only age group in the U.S. ineligible for the shots.

☆ 'The English' and 'Mammals' review: Emily Blunt and James Corden can't lead two Amazon series out of the woods
▼ + stars: | 2022-11-10 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +4 min

Both run six episodes, with “The English” structured as a limited series, and “Mammals” paving the way for future seasons, while incorporating too many twists in its dramedy format to discuss much about what happens. James Corden and Melia Kreiling in Amazon's dark comedy "Mammals." While both series should help bring attention to Amazon Prime, neither completely works. That said, there’s probably not enough strictly on their respective merits to lead either of these Amazon shows through the jungle and out of the woods. “Mammals” and “The English” premiere November 11 on Amazon Prime.

The Group of Seven (G7), which includes the United States, Britain, Germany and France, agreed in September to enforce a low price on sales of Russian oil. And with just three weeks to go, time is running out to fully convince the shipping services industry it will work. Concerns are centred around a scenario in which insurers discover that oil in transit at sea, which was believed to have been sold below the price cap, was in fact sold above it. The official spoke to Reuters on condition of anonymity because they are not authorized to speak about the matter. "This would be a bad development as no one will want uninsured ships sitting off coasts," he added.

Take big law firms and Twitter. “Lawyers and law firms must struggle to stay visible, posting regularly, getting followers, and tweeting regularly. Consider, for example, Quinn Emanuel Urquhart & Sullivan, which has 1,587 Twitter followers – among the fewest of Am Law 100 firms. “To date, the firm’s social media efforts have focused on platforms that are most aligned with recruiting — LinkedIn and Instagram,” the spokesman said via email. Will law firms pony up $8 a month for the blue check now?

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