Saturday, April 20, 2024

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Saturday, April 20, 2024 | Back issues

Securities

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge

Associated Press / April 17, 2024

Tesla posted record deliveries of more than 1.8 million electric vehicles worldwide in 2023, but the value of its shares has eroded quickly this year as EV sales have soften.

Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades

Associated Press / April 15, 2024

On Monday, Trump arrived at a New York court for the start of jury selection in his hush-money trial. It's the first trial of any former U.S. president.

Trump Media stock falls more than 21% after company discloses $58 million loss for 2023

Associated Press / April 1, 2024

Industry analysts have compared the fervor around Florida-based Trump Media to the meme stock craze, which notably boosted shares of struggling companies like GameStop.

Texas AG reaches deal, avoiding trial on securities fraud charges

Cameron Thompson / March 26, 2024

Ken Paxton will have to pay $271,000 in restitution, among other penalties, but will not face a jury nor enter a plea.

Trump’s social media company soars in its first day of trading on Nasdaq

Associated Press / March 26, 2024

Many of Trump Media’s investors are small-time investors either trying to support Trump or aiming to cash in on the mania.

Trump’s social media company approved to go public, potentially netting former president billions

Associated Press / March 22, 2024

The greenlight comes as Trump is facing his most costly legal battle to date: a $454 million judgment in a fraud lawsuit.

Crypto fraud conspirators

Brief / March 22, 2024

SAN DIEGO — A federal court in California ruled against a cryptocurrency exchange network called Silvergate, refusing to dismiss investors’ class claims against it for plausibly aiding and abetting the fraud scheme carried out by Sam Bankman-Fried, his crypto exchange FTX and his trading firm Alameda Research.

Wall Street debut of Trump’s Truth Social network could net him stock worth billions on paper

Associated Press / March 21, 2024

Donald Trump faces a $454 million judgment in a fraud lawsuit, among other financial burdens.

Federal judge weighs privacy claims against Apple

Natalie Hanson / March 21, 2024

Not for the first time, a federal judge is weighing claims that Apple violates its users' privacy. The latest class action comes as Apple faces other legal headaches, including a DOJ antitrust suit.

$810M for GSE shareholders

Brief / March 20, 2024

WASHINGTON — A federal court in Washington, D.C., issued a final judgment allocating the $810 million in damages awarded to a class of shareholders who sued Fannie Mae, Freddy Mac and the Federal Housing Finance Agency, which amended stock purchase agreements in a way that diluted the value of the investors’ preferred shares and common shares.

Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraud

Associated Press / March 15, 2024

“Sam is not the ‘evil genius’ depicted in the media or the greedy villain described at trial,” Bankman-Fried attorney Marc Mukasey said.