jetcityimage Investment Thesis The 3M Company (NYSE:MMM) has had a rough last couple of years that have been stained by legal battles that have resulted in large legal settlements such as a $6 billion lawsuit related to the sale of defective earplugs and a $10.3 billion lawsuit related to damage caused to U.S. drinking water…
Legal & General Group Plc (OTCPK:LGGNY) Q4 2023 Earnings Conference Call March 6, 2024 5:00 AM ET Company Participants Antonio Simoes – Chief Executive Officer Jeff Davies – Chief Financial Officer Michelle Scrimgeour – Chief Executive Officer, Legal & General Investment Management Andrew Kail – Chief Executive Officer, Legal & General Institutional Retirement Bernie Hickman…
We Are UK’s Legal & General Group ( OTCPK:LGGNY) (OTCPK:LGGNF) (LGEN on LSE) yields close to ~8.5% at the time of writing. The company is committed to raising its dividend by 5% in both 2023 (the final part is payable in May 2024) and 2024. Is this trend sustainable in the longer term? And can…
serts Shares of British life & savings giant Legal & General (OTCPK:LGGNY)(LGNNF)(L&G hereafter) have done okay since my last update on the firm in May, with the ADSs delivering a circa 15% total return in that time and more than holding their own against broader European financials. Of course, equities in general have been on…
Today, Dr Craig S Wright, who claims to be Satoshi Nakamoto despite providing no concrete evidence, has issued a settlement offer to members of the Crypto Open Patent Alliance (COPA) and all other parties involved. The letter, published on Wright’s personal blog, outlines the terms of the proposed settlement. The letter from Dr. Wright expresses…
The legal battle between the SEC and Ripple stems from the SEC’s allegation that Ripple engaged in unregistered securities sales, specifically through institutional sales of XRP. In a recent filing dated January 11, 2024, the US Securities and Exchange Commission (SEC) has requested specific documents from Ripple Labs Inc as part of the ongoing legal proceedings…
davelogan/iStock via Getty Images FirstEnergy (NYSE:FE) is a holding company for ten electric utility companies in the Midwest and Mid-Atlantic. Collectively they serve over 6.2 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. The company was incorporated in 1996 and became a wholly regulated utility in 2016. It is currently…
Following the devaluation of its local currency and years of inflation, Argentina now legally recognizes contracts that stipulate Bitcoin as its currency of choice. Ahead of Christmas, the crypto sector in Argentina has gotten a major win as contracts denominated in Bitcoin have now been legally recognized. This news comes via Argentina’s Minister of Foreign…
alfexe Lately, 3M Company (NYSE:MMM) seems to have been in the news continuously for all the wrong reasons: lawsuits over ‘forever chemicals’, lawsuits over military earplugs, lawsuits over water pollution. While the company has been able to deflect or settle some of these allegations, its stock has suffered, losing about half of its value over…
The plaintiffs, Michael Sizemore, Mikey Vongdara, and Gordon Lewis, argue that Ronaldo actively took part in endorsing financial products on Binance, which should have been registered with regulators. Football icon Cristiano Ronaldo is facing a new legal battle, which started this week, as he has been accused of improperly promoting the cryptocurrency exchange Binance. A…
COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price climb over 250% so…
The commission now has access to all of the exchange’s records, which could serve as a catalyst for uncovering additional instances of mishandled funds or suspected fraudulent activities. The recent news of Binance’s former CEO pleading guilty to money laundering charges has undoubtedly made headlines, adding to the circumstances that led to his decision to…
Zhao’s guilty plea stems from accusations that Binance violated the Bank Secrecy Act by knowingly allowing US customers on the platform without conducting proper KYC and AML checks. In a recent development in the legal saga surrounding Binance Holdings Ltd‘s former CEO Changpeng ‘CZ’ Zhao, prosecutors are intensifying efforts to keep him within the United…
A member of the German Bundestag (federal parliament), Joana Cotar, has expressed her support for making Bitcoin a legal tender in Germany, in an exclusive interview with Cointelegraph. Cotar told the publication that she wants to initiate a “preliminary examination” for legal framework to officially recognize Bitcoin as legal tender in the country. “This includes ensuring the…
Drew Angerer Q3 Results – Good, But Less Of A Surprise This Time Unlike last quarter when I wrote that Berkshire Hathaway’s (NYSE:BRK.A) (NYSE:BRK.B) results “blew away the bears“, the 3Q results showed similar strength but were more anticipated by analysts. For example, in the preview article here on Seeking Alpha, the CFRA analyst quoted…
More than 4,300 registered companies operating within the DIFC can now integrate XRP and TON tokens into their virtual asset services. The Dubai Financial Services Authority (DFSA) has added XRP (XRP) and Toncoin (TON) to the list of tokens that can be legally utilized within the Dubai International Financial Centre (DIFC). Now the total list…
Although the court says that the SEC acted “arbitrarily and capriciously, in violation of the APA,” it would still allow the agency to redeem itself. Stuart Alderoty, the chief legal officer for Ripple, has expressed concerns over the state of the United States Securities and Exchange Commission (SEC) under the leadership of current chair Gary…
While the prospect of a Bitcoin ETF is undoubtedly exciting, it is essential to acknowledge the potential challenges and roadblocks that may surface. The crypto community is abuzz with anticipation as the US Securities and Exchange Commission (SEC) considers multiple filings for spot Bitcoin (BTC) Exchange Traded Funds (ETFs). SEC Chair Gary Gensler recently revealed…
Lorado/E+ via Getty Images 3M Company (NYSE:NYSE:MMM) is one of the largest manufacturing companies in the world, headquartered in St. Paul. The company operates through four business segments: Transportation and Electronics, Consumer, Security and Industrial, and Health Care. Author’s elaboration, based on quarterly securities reports 3M is known worldwide for its extensive portfolio of innovative…
Crypto firms have been using the “major questions” doctrine to defends themselves against the enforcement actions of the regulations. However, it has its own flaws in place. Over the last year, multiple firms in the crypto space have engaged with regulators on different issues. These companies have been boldly questioning the regulatory stands against crypto…
David Becker Given Ouster’s (NYSE:OUST) acquisition of Velodyne in 2023, investors might struggle to regard Ouster as an affiliate of a 2020 settlement agreement to address Hesai’s (HSAI) infringement of Velodyne’s patents. However, this was the conclusion of the International Trade Commission’s (ITC) review of the initial determination made by the Administrative Law Judge when…
Daria Nipot Whether you love the company or hate it, e-commerce and cloud giant Amazon (NASDAQ:AMZN) is one of the largest companies on the planet with a market capitalization of over $1.3 trillion. Historically speaking, betting against the company has not gone well. In the past decade, for instance, the market value of the company…
The below is a piece from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Binance, one of the world’s largest cryptocurrency exchanges, has seen several difficult months of various legal…
According to the report, in some countries, central banks are directing their attention toward wholesale CBDCs, which are designed to facilitate the settlement of interbank transfers and other wholesale transactions. Agustin Carstens, the General Manager of the Bank for International Settlements (BIS), has urged countries to take immediate action in establishing clear legal frameworks to…
Grayscale’s decision to file for an Ether futures ETF comes on the heels of a significant legal victory against the US Securities and Exchange Commission (SEC). Renowned crypto asset manager Grayscale Investments recently filed for a new Exchange-Traded Fund (ETF) that will track Ethereum (ETH) futures, as reported by the Wall Street Journal. Grayscale’s Unique…
Two years have passed since El Salvador made history by becoming the first country to adopt Bitcoin as legal tender. In that short span, the nation has undergone remarkable changes and improvements. While some might consider it a mere coincidence, the most plausible explanation lies in the profound transformations initiated by the country, with Bitcoin…
On September 7, 2021, El Salvador made headlines worldwide by becoming the first country to pass a groundbreaking Bitcoin law, officially recognizing the cryptocurrency as legal tender alongside the U.S. dollar. This historic move, spearheaded by President Nayib Bukele, promised to revolutionize the nation’s financial landscape, and so far, signs suggest Bitcoin is building a presence…
Kim is advocating for a shift in strategy, proposing immediate taxation of all forms of income and assets within the metaverse. Christine Kim, a legal scholar and professor of law, in a recently published research paper has expressed concern about the possibility of tax evasion in the metaverse and has urged the relevant authorities to…
In the lawsuit, Schiermeyer accused co-founder Thurston of moving GALA tokens from wallet under Gala Games’ control to 43 different wallets. Co-founders of blockchain gaming platform Gala Games have engaged in a legal battle over two separate lawsuits filed in the court. One of the co-founders alleged the theft of $130 million worth of Gala…
It is not clear what can be considered ‘unfairly treated.’ Besides, it is yet to be explained how to ask for assistance. Elon Musk has promised that legal bills of those ‘unfairly treated’ by their employers for posting content on the X platform (formerly Twitter) will be settled by the company behind the social media…