Your Daily Dose of Financial News

Robins Kaplan LLP

Index-fund giant State Street is putting gender diversity on corporate boards front and center, announcing this week that it will begin voting against board members charged with nominating new directors if they don’t make an effort to add more women to their boards – WSJ

US officials have rung up Chinese tech company ZTE for breaking sanctions and selling electronics to Iran and North Korea. As part of a settlement with the US, ZTE will pay nearly $1.2 billion in fines – NYTimes

The Journal suggests that our traditional understanding of how the Fed affects inflation (through the printing of money and adjusting of interest rates) may be all wrong.  A better explanation may lie in the price of commodities – WSJ

A group of Google foes has taken their formal complaint over Alphabet’s Android mobile OS to EU antitrust authorities – WSJ

Uber CEO Travis Kalanick is acutely aware that as the ride-sharing company’s No. 1, he’s on the hook for all that ails his company just as much as he’s celebrated for any successes.  Perhaps that’s why he’s itching for a No. 2 – NYTimes and Bloomberg

A class of Goldman Sachs investors argued this week to the Second Circuit that the court’s recent Vivendi ruling opens the door for them to rely on a “price maintenance theory” in their effort to hold Goldman accountable for misstatements regarding its infamous Abacus CDO –Law360

Volvo’s building on the success of its XC90 and XC60 models and is considering a possible IPO to help fund investment in electric and self-driving vehicles –Bloomberg

In our surest sign yet that truly anything can make a comeback, there is some legitimate evidence that Zubaz are on the rise again – Vocativ

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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