The feud between Big Billy Gross and his former firm, Pimco, over BBG’s 2014 ouster is officially finished. The terms weren’t officially disclosed, but both sides noted that “any proceeds from the suit will be donated to charity”—apparently in the form of a sizeable gift [roughly $80 million] from Pimco to the Gross Family Foundation – NYTimes and WSJ and Bloomberg and Law360
So the Amazon bricks-and-mortar stores are coming. But not without cashiers. At least not quite yet – WSJ
White Collar Watch speculates on what the SEC enforcement future will be under Jay Clayton’s leadership—and really, it’s all about tone – NYTimes
Chinese ride-hailing behemoth Didi Chuxing—not too long removed from effectively kicking Uber out of China—is reportedly considering whether to take a SoftBank-backed $6 billion investment – Bloomberg and NYTimes and WSJ
Ex-Valeant CEO Michael Pearson is suing his former employer over allegedly unpaid shares totaling more than 3 million (which, even today, is worth more than $30 million) – WSJ
The internal drama at Tronc between Patrick Soon-Shiong, one of its biggest shareholders and vice chair, and nonexecutive chair Michael Ferro doesn’t seem to be fading, with Ferro helping remove Soon-Shiong from a slate of potential directors and Soon-Shiong demanding access to Tronc’s books and records – NYTimes
The US Supreme Court has agreed to hear arguments on whether publicly traded companies can be sued for securities fraud by third parties for omitting “known trends or uncertainties” in shareholder filings. Such omissions-based suits weren’t fair game until a 2d Circuit decision last year – WSJ and Law360
Saudi Arabia announced a big-time tax cut on its state oil company, Saudi Aramco, yesterday ahead of a forthcoming IPO in an effort to make the company more palatable to international investors – NYTimes and Bloomberg
With big economic battles [tax reform] looming, it feels like a good time to take a little spin in the Daily Dose Time Machine (courtesy of Planet Money) and look at the 1830s battle between populist President Andrew Jackson and President of the Second Bank of the US Nicholas Biddle – NPR