Your daily dose of financial news The Brief – 12.15.15

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The Supreme Court just added a “Part IV” to the Times’ series on the impact of arbitration clauses on average consumers – NYTimes

Dealbook’s White Collar Watch column asks what makes a misstatement material in a securities fraud case in the wake of the recent reversals by federal appellate courts of the convictions of Jefferies & Company and State Street Bank employees. In short, don’t expect a cakewalk, and “context makes a difference” – NYTimes

The junk-bond rout hit its third consecutive trading day, even as Wall Street recovered a bit from Friday’s 300-point loss – WSJ

Breakingviews isn’t taking a shine to the Newell Rubbermaid/Jarden deal, even if the expected savings are enough to cover the deal itself – NYTimes

Time, apparently, for Andrew Ross Sorkin to weigh in on all that’s ailing Yahoo. And weigh in he does, citing some pretty damning numbers under Marissa Mayer’s reign without actually laying all blame at her feet. To take in this tightrope act, read on – NYTimes

Wells Fargo and US Bank had a good day at the 9th Circuit yesterday, with a panel’s ruling that a “2009 amendment to the Truth in Lending Act meant to protect mortgage holders does not apply retroactively.” The decision affirmed a trial court dismissal of a putative class action against the banks for allegedly not informing mortgagees that their loan was transferred from Wells to US Bank – Law360

The yin to yesterday’s “Fed doesn’t know how to deal with inflation” yang – WSJ

Some interesting historical perspective to support those arguing that even if the Fed raises rates this week we shouldn’t be expecting anything too high for a long time (all as part of a return to the “old normal” of sub-4% rates) – NYTimes

Bloomberg’s predictions for Bitcoin in 2016 – Bloomberg

We’re squarely within “Top [insert field] of 2015” season.  Here’s one not to take in on an empty stomach – NYTimes

For those Space Camp dreams that never quite died – USAJobs

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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