Fri.Jul 19, 2024

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AI Washing Enforcement Continues, Highlighting Risks to Companies and Investors

Harvard Corporate Governance

Posted by David Rhinesmith, Brad Marcus, and Sara Schaedler, Orrick, Herrington & Sutcliffe LLP, on Friday, July 19, 2024 Editor's Note: David Rhinesmith , Brad Marcus , and Sara Schaedler are Partners at Orrick, Herrington & Sutcliffe LLP. This post is based on Orrick memorandum by Mr. Rhinesmith, Mr. Marcus, Ms. Schaedler, and Jackson Hagen.

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Future-proofing operations: How tech and talent go hand in hand

Mckinsey and Company

Talent management starts by addressing workforce challenges, adapting to generational needs, leveraging technology in operations, and developing leadership for talent retention.

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Weekly Roundup: July 12-18, 2024

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, July 19, 2024 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of July 12-18, 2024 The Supreme Court’s Business Docket: October Term 2023 in Review Posted by John Savarese, Kevin Schwartz and Noah Yavitz, Wachtell, Lipton, Rosen & Katz, on Friday, July 12, 2024 Tags: Chevron , Loper Bright , Murray , SEC , Supreme Court , Wachtell Lipton The SEC’s Approach to Cybers

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Aircraft MRO 2.0: The digital revolution

Mckinsey and Company

A new survey suggests AI-powered advances could reshape aircraft maintenance, repair, and overhaul. But companies will need to embrace digital disruption.

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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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NFL Antitrust Verdict, WWE Chair Woes Define 2024's 1st Half

Law 360 M&A

The first half of 2024 saw bombshell allegations and yearslong litigation lurching forward, highlighted by the shocking lawsuit accusing the founder of WWE of horrific sexual conduct, an iconic magazine almost shuttering and two NFL cases reaching significant milestones.

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Comment on Exposing Predatory AMCs by Pray Hard

Appraisers Blog

In reply to Baggins. Yeah, I “need” to do a lot of things, as in retraining in another field in which I don’t have to put up with this and in which I can make much more money, which I’m currently doing. Yeah, I know there are many special appraisers out there who don’t see a problem with anything.

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Comment on Key Part of USPAP Not Available from TAF by Donna Halfpenny on Facebook

Appraisers Blog

In reply to Rick Hemry on Facebook. Rick Hemry we pay for this and should not have to deal with it. Also if USPAP is considered “law” it should be free for anyone who needs it.

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Capital One Critics Lobby To Block 'No Good' Discover Deal

Law 360 M&A

Critics of Capital One's planned $35 billion purchase of Discover Financial Services urged federal regulators on Friday to withhold approval for the tie-up, rejecting a landmark community benefits pledge for the merger as a fig leaf for what they said is really a "terrible, horrible, no good, very bad" megadeal.

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Comment on Uncovering Flaws in FHA Appraisal & Loan Review Process by Todd Redington, SRA AI-RRS AGA

Appraisers Blog

I work in an area where onsite sewage systems (OSSs) are common. A few years ago I put out a poll to appraisers that work in my area and similar areas asking 3 questions with the possible answer of always/sometimes/never Q1 – do you pull the as built and OSS data prior to your site observation of the property? Q2 – do you physically verify the location per the as-built of the OSS and water supply while at the site?

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Judge OKs $47.5M QuantumScape Shareholder Deal

Law 360 M&A

A California federal judge granted preliminary approval to a $47.5 million deal ending class action allegations by QuantumScape investors that the company made misleading statements about the quality of its batteries.

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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 Uncovering Flaws in FHA Appraisal & Loan Review Process by John M Pratt

Appraisers Blog

I have been an appraiser for 25 years, FHA approved, and what happened to this lady is unacceptable. This problem starts with the appraiser who is incompetent and should have had his/her license revoked. It is apparent to me that the appraiser allowed the AMC, Class Appraisals, to pressure them to complete the report quickly which leads to errors in the reports.

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Strategies for audit staff transitioning to the cloud

ThomsonReuters

Like most industries impacted by technology, the audit landscape is transforming. Survey results from our latest State of the Tax Professionals Report show that firms are rethinking their priorities in order to adapt to evolving technology, compliance requirements, and client demands. Jump to: Staff perspective on moving to the cloud Cloud strategies: Challenges and opportunities for staff Preparing audit staff for success Staff perspective on moving to the cloud For staff at accounting and audi

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Comment on Key Part of USPAP Not Available from TAF by Spencer Paul

Appraisers Blog

Just get acrobat license and you can create a screen grab, bring it into a new file to convert to PDF text document. They copy and paste away. There is no such thing as a secure document because there is always another software that makes it hackable. People in college would get sick paying tons for the professors documents, books, etc. so there is always someone that is willing to scan everything and convert to a useable pdf and sell it to each student at a severe discount.

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Nationwide’s £2.9bn takeover of Virgin Money cleared by UK watchdog

The Guardian M&A

CMA finds deal will not lead to lessening of competition in mortgage and credit card market Nationwide’s takeover of Virgin Money will not reduce competition for mortgages and credit cards, the competition watchdog has ruled, as it gave the £2.9bn deal the green light. The Competition and Markets Authority (CMA) said on Friday that the merger, which will be the biggest banking deal since the financial crisis, would not lead to a substantial lessening of competition in the home loans market.

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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 Exposing Predatory AMCs by Pray Hard

Appraisers Blog

In reply to AppraisersBlogs Team. “Are we now living in a world where even measured, legitimate critique of certain corporate entities is being actively censored on major social media platforms?” You already know the answer to that question. Facebook has exposed its leftist agenda over and over and over, thousands of times.

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AI-Focused Healthcare Documentation Provider Augmedix Goes Private In $139M Deal

Benzinga

Augmedix Inc. (NASDAQ: AUGX ) will be acquired by Commure, Inc., in an all-cash transaction valued at approximately $139 million in equity. Under the agreement, Augmedix stockholders will receive $2.35 per share in cash upon completion of the proposed transaction, and Augmedix will become a wholly-owned subsidiary of Commure. Augmedix delivers AI medical documentation products to healthcare systems, physician practices, hospitals, and telemedicine practitioners.

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Comment on Exposing Predatory AMCs by Retired Appraiser

Appraisers Blog

In reply to Pray Hard. Perhaps X owned by “Nut Job Mollusk” will compensate you can sleep at night. Praying hard that you regain your sanity.

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Diabetes device maker Embecta explores sale amid slowing profits

Financial Times M&A

Shares are down 70% for the world’s largest maker of insulin pen needles and syringes since it was spun off

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Comment on Key Part of USPAP Not Available from TAF by Mary Cummins

Appraisers Blog

These are government documents, manuals which are mandatory for our government mandated licenses. They should be available online for free. We pay more in license fees than real estate agents, lawyers and even doctors. Those fees pay for these related licensing costs.

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Friedkin family’s deal to buy Everton FC collapses

Financial Times M&A

Club to explore ‘alternative options’ after talks end with US car-dealing billionaire

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Comment on Key Part of USPAP Not Available from TAF by Eric Kretz

Appraisers Blog

USPAP is a joke and the TAF is an irrelevant streetcorner pan-handler that only wants to sell books. This Country Club attitude of direction and governance hurts the appraisers they say they represent. Did you buy your $200 7/hr update? Did you buy the new manual? Good luck getting your license renewed. If they truly gave a crap about the appraisers and wellbeing of industry, they’d shove the Handbook and AO’s down our throat in a Corelogic software update.

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Responding to the CrowdStrike outage

LaPorte

(authored by RSM US LLP) What can IT service leaders learn from the the July 2024 CrowdStrike outage? What should you consider to best prepare for the future? RSM risk professionals weigh in. The post Responding to the CrowdStrike outage first appeared on LaPorte.

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Comment on Exposing Predatory AMCs by Pray Hard

Appraisers Blog

Exposing the inner workings of these predatory AMCs (Appraisal Management Companies) and their corrosive influence on the housing market.

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Heartland Investor Looks To Block $2B UMB Bank Takeover

Law 360 M&A

A Heartland Financial USA investor sued the lender and several members of its top brass, along with UMB Financial Corp., in Colorado state court seeking to block UMB's $2 billion acquisition of Heartland, arguing that the deal undervalues Heartland by roughly $1.5 billion.

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Comment on Key Part of USPAP Not Available from TAF by Kevin Hescock on Facebook

Appraisers Blog

TAF's oversight in having a key document on backorder for a month or longer is a serious issue. Appraisers must follow USPAP.

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FTC Eyes Mid-Nov. Texas Hearing Against Mattress Merger

Law 360 M&A

The Federal Trade Commission's case against Tempur Sealy's $4 billion planned Mattress Firm purchase is set to kick off in Texas federal court Nov. 14, the parties told an agency in-house judge Friday during a scheduling hearing.

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Comment on Key Part of USPAP Not Available from TAF by PJTC

Appraisers Blog

TAF's oversight in having a key document on backorder for a month or longer is a serious issue. Appraisers must follow USPAP.

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What The End Of Chevron Means For FTC Rulemaking

Law 360 M&A

Federal agencies can no longer expect courts to defer to their interpretation of challenged regulatory authorities under a landmark U.S. Supreme Court ruling the Federal Trade Commission expects will have no "significant impact," but that observers say could help trip up a noncompetes ban and perhaps other efforts.

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Comment on Key Part of USPAP Not Available from TAF by Donna Halfpenny on Facebook

Appraisers Blog

TAF's oversight in having a key document on backorder for a month or longer is a serious issue. Appraisers must follow USPAP.

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Kroger Could Delay Merger Closing To Avoid Colo. Hearing

Law 360 M&A

Kroger Co. told a Colorado state judge Friday that it is negotiating a potential agreement with the state to delay the closing date for its proposed merger with Albertsons until November or after the court rules on a permanent injunction, a proposal the grocer said was aimed at avoiding a hearing next month.

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Comment on Key Part of USPAP Not Available from TAF by Rick Hemry on Facebook

Appraisers Blog

TAF's oversight in having a key document on backorder for a month or longer is a serious issue. Appraisers must follow USPAP.

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What’s “Play”-ing in the DJ Basin?

Auto Dealer Valuation Insights

The Denver-Julesburg (“DJ”) Basin is a vast and geologically complex basin marked by sedimentary layering, tectonic shifts, and hydrocarbon generation. Encompassing an area of approximately 20,000 square miles, it stretches across regions of Colorado, Wyoming, Nebraska, and Kansas.

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FTC Says Microsoft Price Hike Shows Activision Deal Harm

Law 360 M&A

The Federal Trade Commission told the Ninth Circuit that Microsoft's recently announced Game Pass price increase is an example of the harm caused by the company's $68.7 billion acquisition of game developer Activision Blizzard Inc.

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Independent Trust Company Trends

Auto Dealer Valuation Insights

One of the most frequently ignored sectors in the wealth management industry may be its first cousin, the independent trust industry. While many still associate trust administration with banks, which account for more than 75% of the space, the growing prominence of independent trust companies is capturing the attention of many participants in the investment management community.

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