Your Daily Dose of Financial News

Robins Kaplan LLP

Google is facing a federal lawsuit in San Francisco over last week’s AP investigation that showed that the search giant “was sill tracking iPhone and Android device users, even if they turned off the ‘Location History’ setting” – Mashable and Law360

The Times profiles a handful of investors who got all kinds of swept up in the cryptocurrency craziness and are currently facing the hard reality of a major crypto slide – NYTimes

Yes, China and the US are talking again about trade.  But why, according to the White House, should that stand in the way of a new round of tariffs? – WSJ

Or accusations of currency manipulation? – Bloomberg

Faithful readers are well aware of activist Paul Singer and his Elliott Management crew. The New Yorker gives us this inside look at what it’s like to be the recipient of Mr. Singer’s careful attention with this piece featuring Athenahealth’s ex-CEO Jonathan Bush – NewYorker

Online retailer Farfetch revealed its NYSE IPO plans yesterday, a “long-anticipated” move made possible by the growing comfort with high-fashion invading the e-commerce space – NYTimes

Merrill Lynch will pay the SEC $8.9 million to resolve allegation that it “failed to disclose a conflict of interest” in its handling of 1500 investor accounts with a third-party product provider – WSJ and Bloomberg and Law360

In opening statements in New Jersey federal court this week, plaintiff shareholders of two BlackRock mutual funds described how they pay “excessive” advisory fees “compared to the amounts funds receive advisory services from other institutions pay.” Plaintiffs are alleging that the difference amounts to more than $280 million/year – Law360

Tesla’s recent woes have led to some of its suppliers expressing concerns about getting paid—especially after Musk’s electric car co. has pressed some of them to “stretch out payments or asked for significant cash back” – WSJ

Atlanta Fed chief Raphael Bostic is staking out a position in the opposition, pledging on Monday that he would again dissent against further interest-rate hikes due to the prospect of treasury yield curve inversion – Bloomberg

Venezuela has agreed to fork over $2 billion to satisfy the arbitration judgment handed down by the International Chamber of Commerce tribunal over the country’s seizure of ConocoPhillips’ oil projects more than a decade ago during the Chavez era – NYTimes

Too many bosses hurting productivity? Sounds like a job for the BobsWSJ

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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