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Appeals court rules employees of US overseas subsidiaries not protected against whistleblower retaliation

JURIST

The United States Court of Appeals for the DC Circuit Friday ruled that employees who work for US-based companies overseas are not protected by the Sarbanes-Oxley Act , which protects employees of publicly traded companies who report illegal activity by their employers.

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Banker Testifies That Gordon Rees Repped Him In Crypto Row

Law 360

A banker with two Harvard degrees and Morgan Stanley and Deutsche Bank titles on his resume testified Monday that he believed Gordon Rees Scully Mansukhani LLP was representing him in a $150 million dispute between two cryptocurrency companies, and he now wants the firm disqualified from questioning him at an upcoming arbitration.

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Ex-Morgan Stanley Exec Missed Arbitration Opt-Out Window

Law 360

Morgan Stanley & Co. LLC is arguing a New York federal court must send to arbitration a white former executive's claims that he was replaced in an effort to make the company more diverse, arguing the man failed to opt-out of mandatory arbitration within 30 days of a 2020 notice that he acknowledged and signed.

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Del. Justices Mostly Back Chancery On 'Incurable Voidness'

Law 360

The Delaware Supreme Court declined Thursday to reconsider current precedent for distinguishing void-from-the-start contracts from merely voidable ones, upholding a Morgan Stanley affiliate's finding that its limited liability company's rules incurably scuttled a member's investment, triggering a windfall foreclosure on up to $50 million in membership (..)

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Diesel, Margiela Owner OTB is Headed into the Metaverse With New Virtual Arm

The Fashion Law

All the while, Winklevoss-led company Gemini has raised $400 million to build a decentralized metaverse, i.e., “one where we believe there’s greater choice, independence and opportunity, and there is technology that protects the rights and dignity of individuals,” Cameron Winklevoss said recently.

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Volkswagen is Being Sued, Reportedly Probed by the SEC Over “Voltswagen” April Fool’s Joke

The Fashion Law

As a result of the news of headline-making rebrand that would never come to be, Montag claims that Volkswagen caused the shares in its Frankfurt Stock Exchange-traded parent company Volkswagen Group to rise artificially. A number of brands teased consumers this year for April Fool’s Day, with Tiffany & Co.

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Is the Ticker Symbol the New Social Media Handle? VSCO Seems to Suggest So

The Fashion Law

The split does away with the formerly public L Brands, and puts BBWI and VSCO, which are the individual companies’ respective tickers (i.e., the symbols used to uniquely identify the publicly traded shares of the companies), in its place on the New York Stock Exchange. not copy another company’s stock ticker symbol) and appropriate.”.