Your Daily Dose of Financial News

Robins Kaplan LLP

It’s a pretty safe bet that business news won’t exactly be dominating headlines today.  So with that in mind, GO VOTE!

While we’re on the topic, the Upshot looks at what the election means for the markets – NYTimes

Whatever the case, they sure liked the news yesterday – Bloomberg

And on cue, the Journal warned against reading too much into “knee-jerk” reactions by investors – WSJ

Maybe better to avoid the banking and politics mix altogether – WSJ

Of course, on the other end of the political system spectrum, we’ve got China, where Finance Minister Lou Jiwei—generally regarded as a voice for fiscal reform—is out in a “surprise” reshuffling – WSJ

Wells is working hard to keep from having to produce four databases in ongoing toxic RMBS litigation with an investor class headed by Royal Park & BlackRock – Law360

Frustrated with Libor in the wake of its monumental rigging scandal?  Good luck finding a credible replacement – WSJ

We’ve talked plenty of Bill Ackman’s one-man crusade against Herbalife over the past few years.  John Oliver put in some [over]time on and this and other “multilevel marketing” companies [aka, “pyramid-shaped” schemes] – Last Week Tonight

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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