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Benesch

AI Reporter - August 2024

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Google and Microsoft are spearheading the Coalition for Secure AI, focusing on supply chain security and mitigation strategies. Whether this attempt at self-regulation will ultimately succeed is unknown, as it overlaps with...more

Fenwick & West LLP

Securities Law Update - August 2024

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Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains news on...more

Goodwin

Federal Reserve Invites Public Comment on Proposal to Publish Periodic List of Depository Institutions That Have Access to Federal...

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On November 4, the Federal Reserve invited public comment on a proposal to publish a periodic list of depository institutions that have access to Federal Reserve and payment services. These accounts are often referred to as...more

Robins Kaplan LLP

Inflation Fears Drive Wall Street Into Bear Market Territory

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Hardly the start to mid-June that we wanted, with markets around the world taking a beating on Monday. The Nasdaq was down more than 4.5%, the Dow nearly 2.8%, and the S&P 500 dipped into official bear market territory. Last...more

Robins Kaplan LLP

Fed Chair Primes Wall Street for Aggressive Rate Hikes in 2022

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Back at it. Let’s dive right in. Fed Chair Powell Jay Powell went on the record to start the week with an attempt to prepare markets for the central bank’s big moves ahead “in its quest to cool off demand and temper...more

Robins Kaplan LLP

Looming Ukraine Incursion Sends Stocks Plummeting

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Recent news of misinformation out of Russia about alleged troop withdrawals (when, in fact, troops and shelling near the border are up) sent skittish markets down on Thursday. Tech companies were again among “some of the...more

Dechert LLP

Dechert Cyber Bits - Issue 7

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EU Parliament Adopts Amended Digital Services Act by a Wide Margin - On January 21, 2022, the members of the EU Parliament approved by a large majority (77%) an amended draft of the Digital Services Act (“DSA”)....more

Robins Kaplan LLP

Financial Daily Dose 9.22.2021 | Top Story: DOJ Files Antitrust Suit Against American Airlines and Jet Blue Over Growing Alliance

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Justice Department officials have filed a federal antitrust action against American Airlines and JetBlue, asserting that the “growing alliance between the two carriers had created a ‘de facto merger’ in the New York and...more

Robins Kaplan LLP

Financial Daily Dose 4.12.2021 | Top Story: Chinese Regulators Hit Alibaba With $2.8B Antitrust Fine

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Chinese antitrust officials hit Alibaba with a “record” $2.8 billion fine over the weekend—the “biggest move yet in the government’s campaign to tighten its supervision of Big Tech.” ...more

Robins Kaplan LLP

Financial Daily Dose 3.26.2021 | Top Story: New Unemployment Claims Fall by 100k as Job Market Builds Back

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Thursday delivered some welcome good news in the slow push for a labor market recovery. The Labor Department reported that new jobless benefits claims “fell to their lowest weekly level in the last year, a sign that the...more

Robins Kaplan LLP

Financial Daily Dose 2.18.2021 | Top Story: Google Caves to New Aussie Law, Will Pay for Shared News Content Down Under

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Your Big Tech vs. Australia update: after raising a “well, then, no search engine for you” fuss in response to the country’s proposed law requiring tech giants to “pay news organizations for the news articles that are shared...more

Robins Kaplan LLP

Financial Daily Dose 12.18.2020 | Top Story: States Unveil Yet Another Antitrust Action Against Google Over Search Dominance

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Another day, another new Google antitrust lawsuit—this time thanks to a group of 30-plus states that have accused the company of “illegally arranging its search results to push out smaller rivals.” Oh, and money likely won’t...more

Robins Kaplan LLP

Financial Daily Dose 12.17.2020 | Top Story: Fed Stays Bond-Buying Course, Urges Congress to Pass Covid Relief

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The Fed’s Open Markets Committee meeting wrapped on Wednesday, and in remarks following the meeting, Fed Chair Powell called the case for fiscal policy right now “very, very strong,”—a not-so-subtle nudge to Congress to act...more

Robins Kaplan LLP

Financial Daily Dose 11.19.2020 | Top Story: FAA Clears Boeing’s Troubled 737 Max to Return to Skies

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The FAA has once again given Boeing the green light to send its troubled 737 Max models into the sky, “20 months after it was grounded following two fatal crashes blamed on faulty software and a host of company and government...more

Robins Kaplan LLP

Financial Daily Dose 10.21.2020 | Top Story: DOJ Files Long-Awaited Antitrust Case Against Google Focusing on Exclusive Search...

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The Google antitrust waiting game wrapped on Tuesday with the DOJ filing a federal D.C.-based lawsuit against the Alphabet unit, accusing the company “of using several exclusive business contacts and agreements to lock out...more

Robins Kaplan LLP

Financial Daily Dose 10.7.2020 | Top Story: White House Sows Confusion on Stimulus as Fed Chair Urges Fiscal Action

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Here’s a fun little exercise. Pull up a chart of Tuesday's market activity, and see if you can pinpoint the exact moment the White House announced to the world that it was pulling support for another Covid stimulus bill...more

Robins Kaplan LLP

Financial Daily Dose 9.29.2020 | Top Story: House Unveils New $2.2T Covid Stimulus Bill

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House leaders are out with a new Covid stimulus effort—slimmed down from earlier packages but, at $2.2 trillion, a sizeable proposal that they say “is needed to support American households and businesses still experiencing...more

Robins Kaplan LLP

Financial Daily Dose 9.24.2020 | Top Story: JPMorgan Nears $1B Settlement Over Alleged Spoofing

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JPMorgan is preparing to finalize a deal with federal prosecutors and regulators in which the bank would pay nearly $1 billion to “settle civil and criminal charges that its traders rigged futures and securities markets”...more

Robins Kaplan LLP

Financial Daily Dose 8.5.2020 | Top Story: Top Story: Ford Removes CEO Jim Hackett After 3 Years on the Job

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Major shakeup at Ford, where CEO Jim Hackett is out after a three-year stint in which he “achieved mixed results” but didn’t impress Wall Street enough to keep his job. Ford has installed COO James Farley, a Toyota alum who’s...more

Robins Kaplan LLP

Financial Daily Dose 7.29.2020 | Top Story: Tech Titans to Testify About Antitrust Concerns

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Much more on what to expect from Big Tech’s “Big Tobacco Moment” on the Hill today, at which Google, Amazon, Facebook, and Apple’s CEOs will endeavor to make the case that their massive companies don’t “stifle rivals and...more

Robins Kaplan LLP

Financial Daily Dose 7.28.2020 | Top Story: SEC Warns Under Armour Execs of Enforcement Action Over Past Accounting Practices

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The SEC has served Wells notices to Under Armour, warnings that the company and its execs could “face civil-enforcement action related to the sportswear maker’s past accounting practices,” including “the company’s disclosures...more

Robins Kaplan LLP

Financial Daily Dose 7.13.2020 | Top Story: OPEC Weighs Expanded Oil Production Just Months After Agreeing on Cuts

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OPEC and its oil-producing allies (in Russia and elsewhere) are reportedly working on a plan to ease cuts on oil production they agreed upon in April “amid signs that demand is returning to normal levels following...more

Robins Kaplan LLP

Financial Daily Dose 6.23.2020 | Top Story: White House Suspends Work Visas for Hundreds of Thousands

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On Monday, the White House announced its plan to extend a “freeze on ‘green cards’ for new immigrants” and to “suspend H-1B, L-1, J and other temporary work visas for skilled workers, managers and au pairs through the end of...more

Robins Kaplan LLP

Financial Daily Dose 2.24.2020 | Top Story: Wells Fargo to Pay $3 Billion to Resolve DOJ and SEC Investigations

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Wells Fargo & Co. agreed to pay a total of $3 billion to resolve criminal and civil investigations by the DOJ and SEC. Wells Fargo admitted “that it took millions in wrongful fees and interest, misused customer information...more

Robins Kaplan LLP

Financial Daily Dose 2.21.2020 | Top Story: Morgan Stanley Pays $13 Billion to Acquire E-Trade

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Morgan Stanley shook the financial world yesterday with the announcement that it’s planning to drop $13 billion on a deal to purchase online discount brokerage E-Trade—the “biggest takeover by a major American lender since...more

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