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Robins Kaplan LLP

Robins Kaplan LLP

Aaaand, we’re back at it.  Let’s get caught up.

Samsung announced yesterday that it’s postponing the official mass-market introduction of its new foldable smart phone (originally set for the end of the week) based on reports that the pricey device has been malfunctioning – NYTimes and WSJ and Bloomberg and MarketWatch

Controversial pick Herman Cain is no longer in the running for the Federal Reserve Board, helping shift focus to the other recent White House nom, informal West Wing economic advisor Stephen Moore – NYTimes and WSJ and Bloomberg

Google employees that organized a massive 20,000 person walkout last November of the company’s sexual harassment policies and treatment are now accusing their employer of discriminating against them over their leadership role in the movement – NYTimes

Facebook has hired the State Department’s top legal adviser, Jennifer Newstead, as its new general counsel. Newstead—a Yale Law grad and former Breyer SCOTUS clerk—will replace Colin Stretch, who announced his intention late last year to leave the company. She will immediately face “the mounting regulatory and public-relations issues” with which the ‘Book has been grappling in recent years – WSJ and Bloomberg and Law360

The CFTC is accusing Florida trading firm Oasis International Group of “running a $75 million foreign currency trading fraud scheme that duped more than 700 investors” – Law360

Workers at a South Carolina plant that’s producing Boeing’s much-touted new 787 Dreamliner models have, according to internal emails and other corporate and federal records, seen complaints about shoddy manufacturing practices and safety concerns ignored by a company scrambling to meet production demands. The news opens yet another front on Boeing’s expanding battle to assure the public that its planes are safe – NYTimes

Kraft Heinz tapped Anheuser-Busch InBev vet Miguel Patricio to succeed Bernardo Hees as CEO in July. Patricio will take the helm of a company struggling with flagging sales and a SEC inquiry into its accounting practices – NYTimes and WSJ

Tesla’s Elon Musk says that its cars will soon no longer rely on Nvidia-designed chips but would, instead, be equipped with in-house-designed chips to power its forthcoming fleet of self-driving robotaxis. As per usual, his announcement was a typically understated and expectations-lowering affair – Bloomberg and MarketWatch and NYTimes and WSJ

Plant-based meat alternative company Beyond Meat set the terms of a forthcoming IPO that would value the company at more than $1.2 billion—an amount that would grant it veggie-unicorn status – WSJ and Bloomberg and NYTimes

A China-based Starbucks challenger, Luckin Coffee Inc., has also unveiled US IPO plans with hopes of raising $300 million – Bloomberg

Fresh off of taking Coachella by storm, Lizzo gets the Times video performance to help the uninitiated experience “Juice” and some of the force of nature that is this breakout star that we Minnesotans have been loving for years – NYTimes

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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