Legal News

Volatility’s the name of the game these days on Wall Street. So what was down on Monday was up (a bit, at least) yesterday, although the basics of the situation haven’t improved at all....By: Robins Kaplan LLP

Wells Fargo’s latest CEO, Charles Scharf—the bank’s third chief in the past four years—faced a hostile but less pitchfork-and-torch wielding House Financial Services Committee hearing on Tuesday, distancing himself from his predecessors and stressing...By: Robins Kaplan LLP

Big Tech companies using facial recognition software have begun to support “’precision regulations’ that don’t allow mass surveillance.” Lawmakers in New York, Massachusetts, Hawaii, Michigan, and California are considering regulations that concern...By: Robins Kaplan LLP

HP has officially rejected Xerox’s enhanced takeover bid, again calling the offer “too low” and decrying its “disproportionate[] benefit” for Xerox shareholders....By: Robins Kaplan LLP

Despite news of additional COVID-19-related deaths and infections in America, central bankers appear to have bought at least one day of peace for US markets, which posted strong gains on a late surge on Monday, breaking a week straight of losses....By: Robins Kaplan LLP

Paul Singer and the Elliott Mgmt crew have a new target in their sights: Twitter’s founder and CEO, Jack Dorsey. Singer’s Elliott fund has amassed a “significant stake” in the company—perhaps as much as a billion—and is looking to throw its weight...By: Robins Kaplan LLP

The Ninth Circuit has ruled unanimously that privately operated internet platforms are “free to censor content they don’t like”—a “not unexpected” ruling that nonetheless “marks the most emphatic rejection . . . that YouTube, Twitter, Facebook and...By: Robins Kaplan LLP

Wall Street apparently got together and decided that Monday was the day to start paying attention to the coronavirus for real. In the form of a massive selloff that left the Dow off more than 1000 points for its worst finish in nearly a...By: Robins Kaplan LLP

Wells Fargo & Co. agreed to pay a total of $3 billion to resolve criminal and civil investigations by the DOJ and SEC. Wells Fargo admitted “that it took millions in wrongful fees and interest, misused customer information and damaged customer credit...By: Robins Kaplan LLP

Morgan Stanley shook the financial world yesterday with the announcement that it’s planning to drop $13 billion on a deal to purchase online discount brokerage E-Trade—the “biggest takeover by a major American lender since the 2008 global financial...By: Robins Kaplan LLP