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Robins Kaplan LLP

So much for the quiet off-ramping for SoFi’s Mike Cagney.  The fintech company’s board announced on Friday that Cagney is out immediately as CEO, not at the end of the year as Cagney had announced earlier in the week – NYTimes and WSJ

We covered the dueling deals from SoftBank and Alphabet to invest in Uber and Lyft, respectively, last week.  Now we consider what that means for past allegiances in the ever-evolving ride-hailing industry – NYTimes

Speaking of SoftBank, it looks as if Slack is set to benefit from a nice chunk of change out of Masayoshi Son’s much-touted $100 billion Vision Fund – Bloomberg

The Journal gives us a blow-by-blow of the Equifax breach—from the announcement of the ultimately fatal security flaw in spring 2017 to Equifax’s discovery of the breach in July to the weeks before Equifax finally went public with the breach news – WSJ

Texas federal Judge Sam Sparks has set the damages methodology for suits by the FDIC against RBS, Goldman, and Deutsche Bank over their sale of allegedly toxic RMBS to the now-defunct Guaranty Bank – Law360

The Times takes the long view to help us understand why a recent rise in incomes isn’t enough to make up for nearly half a century of lagging median salary growth – NYTimes

Here’s a bit of a new tack for food giant KraftHeinz—on the job training . . . in the C-suite. Meet 29-year-old David Knopf.  He’s KraftHeinz’s new CFO – WSJ

PM Theresa May is dealing with some new Brexit drama just days before she’s set to reveal her new strategy for the UK’s departure from the EU thanks to Foreign Secretary Boris Johnson – Bloomberg

A counterpoint to Jamie Dimon’s highly public smackdown of cryptocurrencies – NYTimes

Differences in discovery rules in Germany and the US will keep the DOJ from sharing evidence collected regarding VW’s emissions scandal with a German law firm helping the DOJ bring a securities case abroad – Law360

China’s only online insurer, ZhongAn, is planning an IPO that could see it valued at $10 billion – WSJ

America’s storyteller, Ken Burns, is tackling Vietnam with a new 10-part series that began last night on PBS.  The Times graciously helps us track down where to stream 11 of his “essential” works – 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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