Thu.Feb 22, 2024

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Chamber of Commerce v. California Air Resources Board: Complaint

Harvard Corporate Governance

Posted by Anna Restuccia (Harvard Law School), on Thursday, February 22, 2024 Editor's Note: This post provides the text of the complaint filed on January 30, 2024 by the U.S. Chamber of Commerce against California over the state’s new corporate climate disclosure laws. IN THE UNITED STATES DISTRICT COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA, WESTERN DIVISION CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICA, CALIFORNIA CHAMBER OF COMMERCE, AMERICAN FARM BUREAU FEDERATION, LOS ANGELES

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The equity story you need for the long-term investors you want

Mckinsey and Company

Sophisticated investors are more likely to afford a company more time to let its strategy play out, even during volatility. But first, they need a clear equity story.

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The California climate disclosure laws, SEC’s proposed climate-related disclosure rule and the CSRD: What U.S. companies need to do now to comply

Harvard Corporate Governance

Posted by Loyti Cheng and David A. Zilberberg, Davis Polk & Wardwell LLP, on Thursday, February 22, 2024 Editor's Note: Loyti Cheng and David A. Zilberberg are Counsel at Davis Polk & Wardwell LLP. This post was prepared for the Forum by Ms. Cheng and Mr. Zilberberg. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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How to be a better chief of staff

Mckinsey and Company

The chief of staff role sits at the intersection of leadership and support. It also comes with enormous responsibility, opportunity, and influence. Here’s how to navigate it.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Hacking Corporate Reputations

Harvard Corporate Governance

Posted by Pat Akey, University of Toronto and INSEAD, on Thursday, February 22, 2024 Editor's Note: Pat Akey is an Associate Professor at the University of Toronto and Visiting Professor at INSEAD. This post is based on a working paper by Professor Akey, Stefan Lewellan , Inessa Liskovich, and Christoph Schiller. Related research from the Program on Corporate Governance includes Corporate Political Speech: Who Decides?

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A rising wave of tech disruptors: The future of defense innovation?

Mckinsey and Company

Nontraditional sources of innovation are transforming the defense sector with powerful capabilities—but they must overcome obstacles on the path to scalable success.

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More Trending

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Beyond the hype: Capturing the potential of AI and gen AI in TMT

Mckinsey and Company

This collection presents McKinsey’s top insights on gen AI, providing a detailed examination of the significant opportunities and challenges it offers for leaders looking to steer their organizations into the future.

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Sorrento Says US Trustee's Protest Of Texas Venue Off Base

Law 360 M&A

Sorrento Therapeutics Inc. told a Texas bankruptcy court the company's choice to bring a Chapter 11 in the Lone Star state was sound, so the court should ignore a call from the U.S. Trustee's Office to trash or relocate the case.

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The top 5 AI terms corporate tax professionals need to know

ThomsonReuters

Developments in artificial intelligence (AI) are advancing rapidly all the time, and it’s set to play an increasingly important role in everyday life and the professional landscape. It is inevitable that in the next few years, it will impact – and even transform – how corporate tax professionals go about their work. The good news is, AI should solve many pain points and make it easier (and quicker) to do a good job: cutting out repetitive processes and minimizing the risk of error, while e

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Taft Stettinius Adds 6 Dinsmore Attys In Detroit, Chicago

Law 360 M&A

Taft Stettinius & Hollister LLP said it has hired six attorneys from Dinsmore & Shohl LLP who focus their practices on business law and litigation matters.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Comment on Damned If You Do and Damned If You Don’t by Joseph

Appraisers Blog

A comment was made by an appraiser who is black; in this racially charged world I applaud his thoughts, I have been an appraiser for 20 years, a home inspector for 5, an evil “flipper” for 10 and a real estate agent, in other words I have been around the industry for a long time. I can’t believe we as appraiser have allowed our profession to be bastardized like it has; I always thought like most that the AI would stand up for us, by NO WAY…they just want to pummel us with

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Should Smart Contracts Be Mandated?

Reynolds Holding

Smart contracts are typically used to facilitate the transfer of cryptocurrencies but can actually be used to conclude all sorts of transactions. Technically speaking, a smart contract is just an automated algorithm. It triggers a pre-defined action once certain preconditions are met but with an added layer of cybersecurity. Yet scholars have been struggling to make sense of the legal status of smart contracts, with some scholars arguing that smart contracts can create legally binding obligation

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Comment on It’s Just Responsible Journalism! by Mary Thompson Thompson

Appraisers Blog

I also told that news director that they include a statement in the story that Appraisers are counter suing for defamation so homeowners better be sure they can prove bias or racism or they will be on the back end of a lawsuit. We shall see.

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Benchmark International Successfully Facilitated The Transaction Between RCC Flooring And Two Individual Investors

Benchmark Report

RCC Flooring is a leading commercial flooring company serving Louisiana, Mississippi, and Alabama, providing product selection, sales, installation, maintenance, reclamation, and recycling. As a founding member of StarNet Worldwide, the nation’s largest group of independent flooring contractors, generating a combined annual volume of over $4.4 Billion.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Comment on It’s Just Responsible Journalism! by PD

Appraisers Blog

In reply to Mary Thompson Thompson. Good for you Mary. This is beginning to take on the appearance of a grass roots movement and I hope the momentum continues. As anyone on this blog can attest, we all do a lot of complaining and whining and that is where it begins and ends. I hope your contact inspires at least one news outlet to take on the challenge of disproving the alleged “red lining” and bias is rampant.

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Elliott Management plans to spend $1bn-plus on mining assets

Financial Times M&A

New York firm’s new Hyperion venture to be led by former Newcrest chief executive

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Comment on It’s Just Responsible Journalism! by Mary T Thompson

Appraisers Blog

In reply to PD. Thank you. Agree! I did mention many of those things you pointed out and indicated to him that I watched the entire congressional hearing and it was quite apparent that Congress members were woefully undereducated on the appraisal process. They ignored what Tobias Peter (American Enterprise Institute) had to say which was that there was NOT systemic bias involved, it is more of a financial issue.

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Adnoc’s $30bn chemicals deal with Austria’s OMV stalls

Financial Times M&A

Talks cool to allow both sides to navigate differences over merger of cross-held Borealis and Borouge arms

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Comment on It’s Just Responsible Journalism! by Unknown

Appraisers Blog

Can anyone out there help me or give me some advice or know a law firm that I can call? Let me state the case, it involves Intentional Infliction of Emotion Distress etc… (SLAPP etc.). This case does not involve the government (The VA or HUD which were part of it) – it is against a homeowner. This is about a fraud against me by a disgruntled homeowner.

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Anglo American shows mining’s old economy problem

Financial Times M&A

Amid falling prices for some industrial metals, the sector is struggling to convince investors of its importance

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Comment on It’s Just Responsible Journalism! by Mary Thompson Thompson

Appraisers Blog

In reply to Kimberly DeFilippis. Figures! Someone watch this story tonight and see how one sided it is and report back please!

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No Early Win For Geothermal Co. Founder In Ownership Row

Law 360 M&A

A Colorado federal judge Thursday declined to give a geothermal startup founder an early win in a bitter fight over ownership of the company, concluding in an order that there are too many disputes over a noncompete agreement for the case to be resolved through summary judgment.

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Comment on It’s Just Responsible Journalism! by Kimberly DeFilippis

Appraisers Blog

Irresponsible journalism is not reporting complete and accurate information. The media should accurately portray our profession.

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Ex-BP Exec's Husband Cops To $1.7M Insider Trading

Law 360 M&A

The husband of a former manager at British oil and gas company BP PLC on Thursday pled guilty to securities fraud in Texas federal court and agreed to forfeit the $1.7 million he made with the help of insider trading, the U.S. Department of Justice said Thursday.

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Comment on Damned If You Do and Damned If You Don’t by Baggins

Appraisers Blog

In reply to NB. How come I never get the ‘unwanted advances’? My handy metal cigarette case doubles as a form of bulletproof protection. But only if they aim perfectly for my heart. I could only be so lucky in this industry, to expire quickly without hardly noticing. On the bright side, I’ve learned what that dotty grime on walls of abandoned houses most likely is; Roach sign.

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North Carolina Hospitals Can't Exit Monopoly Claims

Law 360 M&A

Two healthcare companies cannot escape a consolidated antitrust suit claiming that a North Carolina hospital system drove up the price of health insurance for public employees, as a federal judge has found that the claims plausibly allege that the anti-competitive conduct occurred within the time window to sue.

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Comment on It’s Just Responsible Journalism! by Mary Thompson Thompson

Appraisers Blog

In reply to Brian. That is my take. No Appraisers on the ground or being sued for bias. Just talking heads like the Appraisal Institute President who threw us under the bus during the congressiional hearings.

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FTC Eyes 2024 Trial For Meta Antitrust Case

Law 360 M&A

The Federal Trade Commission told a D.C. federal court its case accusing Meta Platforms Inc. of monopolizing the personal social networking market could be ready for trial later this year, despite the company saying the case is too complex to start that soon.

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Comment on It’s Just Responsible Journalism! by J. Wade Purdy

Appraisers Blog

I sent an email expressing my concerns with this report. I asked for a reply, let’s see if one ever comes. Thanks for making me aware this was going to air.

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FTX Can Cash Out $500M Investment In AI Biz To Fund Ch. 11

Law 360 M&A

Insolvent cryptocurrency exchange FTX Trading Ltd. received a Delaware bankruptcy judge's approval Thursday to sell off its equity stake in an artificial intelligence technology company launched by former members of OpenAI that FTX purchased for $500 million in 2021.

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Harkins Presenting AICPA Business Valuation Webcast

Auto Dealer Valuation Insights

David W. R. Harkins, CFA, ABV is co-presenting an AICPA webcast with Amanda Ricketti from Financial Research Associates on February 27, 2024. The session will cover “Cost of Capital — Basics and Best Practices in Business Valuation.

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Asset Managers Plug Up To $450M In AITi Global

Law 360 M&A

Cadwalader Wickersham & Taft LLP-advised wealth and alternatives manager AlTi Global Inc. on Thursday revealed that asset managers Allianz X, advised by Sullivan & Cromwell LLP, and Constellation Wealth Capital, advised by Gibson Dunn & Crutcher LLP, have agreed to invest a combined up to $450 million in the company.

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Navigating Discover's Merger With Capital One: Analyst Highlights Opportunities And Challenges Ahead

Benzinga

RBC Capital Markets analyst Jon G. Arfstrom downgraded Discover Financial Services (NYSE: DFS ) to Sector Perform from Outperform at an increased price target of $140.00 (from $117). The move came after the company inked a merger deal to be acquired by Capital One Financial Corp (NYSE: COF ). Per the terms, Discover shareholders will receive 1.0192 shares of Capital One for every share they hold, translating to a 26.6% premium over Discover’s last closing price.

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B. Riley Stands By Franchise Group Deal After Internal Review

Law 360 M&A

B. Riley Financial reaffirmed its commitment to the $2.6 billion take-private deal for Franchise Group Inc. despite the misconduct of former Franchise Group CEO Brian Kahn, saying on Thursday that its audit committee determined through a nine-week internal review that B. Riley had no knowledge of or involvement in the misconduct.

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