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Travis is still kicking around at Uber, and he made that quite clear late last week by using his “outsize voting rights” to name two directors to the 8-member board ahead of a vote to reduce Kalanick’s voting power at the company – NYTimes and WSJ

Equifax’s top legal officer, John J. Kelley, finds himself in the middle of a maelstrom of bad news given his position at the center of the post-breach executive stock sales and the company’s response to the massive cyberbreach – WSJ

Former Life Time Fitness exec Shane Fleming and 8 others are facing insider-trading charges in federal court in Chicago over trades they made ahead of a PE buyout of Life Time in March 2015 – Law360

So we jumped the gun by about a week. Turns out it was this past Friday when federal regulators voted to remove AIG’s SIFI label—a huge move for one of the biggest players in the 2008 financial crisis – NYTimes and WSJ and Law360

The Fed has fined HSBC more than $175 million over its lax Forex oversight practices. The fine comes as HSBC’s former head of Forex spot trading faces trial in NY federal court over insider-trading allegations – Law360

On the consumer side last week, Deutsche Bank agreed to pay $190 million to resolve allegations that it helped rig Forex. The settlement brings the total class-action claim-related settlement amount to over $2.3 billion for Scott + Scott and its crew – Law360

Even as China has clamped down on the booming cryptocurrency market, its neighbors in Asia are stepping up their interest – NYTimes

Ocwen Financial Corp has reached a settlement with 10 states over its servicing and lending practices. The terms of the deal include a 7-month “pause on acquiring new residential mortgage servicing rights” – Law360

Really enjoying this exploration of the un-ironic return of ornamentation in architecture—a distinct departure after years of spartan modernism—that’s on display at Nike’s new building in SoHo – 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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