Your Daily Dose of Financial News

Robins Kaplan LLP

JPMorgan has agreed to pay $65 million to US authorities [in the form of the CFTC] to resolve allegations that its traders attempted to manipulate the benchmark rate known as ISDAfix – Bloomberg and Law360

We’re still awaiting a start date on the recently announced US tariffs on $50 billion [check that.  $200 billion] worth of Chinese goods, and while we do, it’s worth considering how such measures would affect (if at all) China’s $13 trillion economy – NYTimes

Rupert Stadler—CEO of Audi—went quickly from suspect in German’s ongoing emissions cheating scandal (as of last week) to detainee (as of yesterday) while he awaits trial  – NYTimes and WSJ

ZTE shares were way down again in Tuesday trading as investors reacted to Senate action that would restore penalties on the company in the face of White House promises of assistance – Bloomberg and Politico and WSJ

Most of the focus for AT&T and Comcast lately has been on whether they are ALLOWED to pull off mergers with Time Warner and Sky/Fox, respectively.  The Journal helps us understand what will happen if they actually DO.  For instance, when it comes to taking on a staggering amount of debt – WSJ

The High Court has agreed to take up an investment banker’s challenge to the SEC’s ability to charge defendants with securities fraud for statements that they merely passed on rather than devised themselves – WSJ and Law360

Google is “rebuilding its presence in China” through a sizable ($550 million) investment in—a Chinese online retailing company – NYTimes and WSJ

Fuji has sued former partner Xerox for more than $1 billion after the failed venture between the companies, the result of a deal Xerox reached with activist investors Carl Icahn and Darwin Deason—neither of whom was thrilled about the merger – WSJ and Reuters and Law360

Athens is emerging, Phoenix-like, from the ashes of Greece’s economic disaster to reclaim its place as a “vibrant and significant” cultural centers of Europe – 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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