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Daily Business Review

Ex-Citi Trader Says Bank Distorted Chats to Get Him Indicted for Price-Fixing

The suit seeks $112 million in damages and alleges a former Citi executive's review of a trader's chat communications misled prosecutors in a way that falsely implicated him. He was found not guilty after a trial in 2018.
6 minute read

Daily Business Review

Mark Cuban, Dallas Mavericks in Crosshairs of Investors in Cryptocurrency Class Action

David Boies, chairman and managing partner at Boies Schiller Flexner, is co-lead counsel in the federal district court class action against Mark Cuban and his NBA franchise.
5 minute read

Corporate Counsel

Former Adobe Lawyer Becomes VP of Legal at Top US Insurance Broker

PCF Insurance Services officials believe Kenton Walker's merger experience will be invaluable as the company picks up the pace on its acquisition spree.
2 minute read

Texas Lawyer

Central Issue Emerges as US Manufacturers Sue SEC Over Regulation of Proxy Advisory Firms

"NGS has been forced to file supplemental proxy statements in response to this misleading proxy advice in seven of the past nine annual proxy seasons," Natural Gas Services alleged.
5 minute read

Texas Lawyer

In a Win for Redfin, Alston Secures Rare Defense Sweep in Albright's Court

A team led by partner Scott Stevens and associates Karlee Wroblewski and Nicholas Marais persuaded jurors that Redfin didn't infringe a rival's patents on 3D tours—and that all of the asserted claims are invalid.
3 minute read

Daily Business Review

Gundlach Moves $134B DoubleLine Unit to Tax-Free Florida

Billionaire fund manager Jeffrey Gundlach has long complained about taxes and quality of life in California.
2 minute read

Daily Business Review

Traders Torn Between Rate-Hike Bets, Russia Risk Seek Way Out

Portfolio managers are trying to get a handle on the recent swings that have left virtually no corner of the market untouched.
4 minute read

Daily Business Review

Everyone Lays Claim to $3.6 Billion Bitcoin Bag From Hack

Bitfinex said that it will "follow appropriate legal processes to establish our rights to a return of the stolen Bitcoin."
5 minute read

Daily Business Review

Cantor Trader on Trial for Taking 'Off the Books' Commissions

The U.S. Securities and Exchange Commission says the commission-splitting scheme originated in 2002, when the Cantor Fitzgerald employee, then a senior execution trader on the international equities desk, was denied a request to collect commissions from trades on certain accounts he serviced.
4 minute read

Daily Business Review

Jared Kushner's Investment Firm Hires Former Trump Staffers

Jared Kushner's Affinity Partners venture has drawn some controversy because Kushner has been seeking capital from some of the Middle Eastern countries that he dealt with in the White House, including Saudi Arabia.
3 minute read

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