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TOP NEWS
EQUITY
Deals Rumor Mill
Oracle Eyes Stake In TikTok's US Entity, And More Rumors
By Tom Zanki
Oracle is considering acquiring a stake in TikTok's U.S. operations that would allow the social media giant to continue doing business here under certain security assurances. Meanwhile, Brookfield Asset Management has emerged as the top contender to acquire Colonial Pipeline, and German drugmaker Stada is delaying its IPO until at least September because of market volatility. Here, Law360 breaks down the notable deal rumors from the past week.
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ENFORCEMENT & COMPLIANCE
CRYPTOCURRENCY
Feds Say Crypto Lobbyist Can't Delay FTX-Tied Case
By Katryna Perera
New York federal prosecutors Thursday opposed a request from attorney and crypto lobbyist Michelle Bond to extend filing deadlines for pre-trial motions in her criminal case until June, saying Bond's inability to access her assets due to bankruptcy proceedings involving her FTX-affiliated husband is not enough to warrant a delay.
2 documents attached |
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ARBITRATION
EXPERT ANALYSIS
New SEC Guidance May Change How Investors, Cos. Talk
The U.S. Securities and Exchange Commission's recent updates to the Schedules 13D and G compliance and disclosure interpretations may mean large institutional investors substantially curtail the feedback they provide companies about their voting intentions in connection with shareholder meetings, which could result in negative voting outcomes for companies, say attorneys at Cleary.
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LEGAL INDUSTRY
Ex-Cognizant CLO Reconsidering Dismissal Of Paul Weiss
By Carla Baranauckas
A former Cognizant Technology Solutions Corp. executive facing bribery charges indicated Friday that he may reconsider his decision to fire Paul Weiss Rifkind Wharton & Garrison LLP as his trial counsel, now that President Donald Trump has rescinded an executive order limiting the firm's access to federal buildings and officials.
Letter attached |
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Judge Accused Of Bias Expresses Regret Over MDL Remarks
By Emily Johnson
The chief judge of the Eleventh Circuit has dismissed a judicial ethics complaint alleging that a Florida federal judge had shown impermissible bias in favor of women leading the multidistrict litigation over the hormonal contraceptive drug Depo-Provera, after the judge said she "regrets any misunderstanding" and took steps to address the issue.
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No Suspension Pause For Ex-Alex Jones Atty, Ethics Boss Says
By Brian Steele
A former Alex Jones attorney's two-week suspension from practicing law in Connecticut should not be halted amid an impending appeal, but he should get credit for a previous weeklong suspension he served over the same mishandling of confidential information about family members of Sandy Hook shooting victims, the state's chief legal ethics official said in a new filing.
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GC Cheat Sheet: The Hottest Corporate News Of The Week
By Michele Gorman
Cognizant's former chief legal officer, who's facing bribery charges, requested a trial delay after he fired Paul Weiss from his defense team following the Trump administration's suspension of the firm's security clearances. Meanwhile, new findings show that women are still compensated less than men in legal operations roles. These are some of the stories in corporate legal news you may have missed in the past week.
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Law360's Legal Lions Of The Week
By Kevin Penton
Boies Schiller Flexner LLP, Kessler Topaz Meltzer & Check LLP, Grant & Eisenhofer PA and Bernstein Litowitz Berger & Grossmann LLP lead this week's edition of Law360 Legal Lions, after a D.C. federal judge upheld a $612.4 million jury verdict against the Federal Housing Finance Agency, Fannie Mae and Freddie Mac.
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