The ‘book is backing off of a 2016-proposed stock reclassification that “would have solidified Mark Zuckerberg’s control over the social network” after a shareholder suit that would have seen Zuck on the stand in a Delaware courtroom this week. Facebook’s founder and CEO had pitched the plan as a way to allow him to maintain control over the company while funding the Chan Zuckerberg Initiative – NYTimes and MarketWatch and Law360

A recent California state court decision has set a nasty precedent for investors looking to sue ETF managers for misrepresenting (or omitting) certain risks in their offering materials. The decision—a huge win for ETF giant BlackRock—centered on the investors’ inability to link their holdings to a specific registration statement, a real problem for investors thanks to the way ETF shares are created and sold – WSJ

Big Four accounting giant PwC has announced its intention go all one-stop-shop on the market and open a law firm—ILC Legal—in D.C. next week – NYTimes and Law360

Law360 on the SEC’s forced mile-in-their-shoes turn thanks to the recently disclosed 2016 cyberhack of Edgar – Law360

A surge in lending to “the most highly indebted companies in the US and Europe” has some investors worrying that a slowdown in the current level of global economic expansion could set off another economic crisis – WSJ

Uber’s got plenty of issues these days [plenty], but it has to be pleased with the unexpected success of its UberEats food-delivery project – NYTimes

AIG: still SIFI for now – WSJ

What is Chinese for “sliders,” anyway [“gut bombs” would do in a pinch, too]? – WSJ