BY: Alex Bonomo, RBFL Student Editor The battle for Spirit began in February 2022, when Frontier made a cash-and-stock offer for Spirit, valued at $2.9 billion.[1] Both companies’ boards of directors adopted their merger agreement on February 5, 2022.[2] On February 7, 2022, Frontier and Spirit announced their agreement,[3] leading to JetBlue’s announcement of its […]
BY: Jack Sanner, RBFL Editor Americans are moving to Florida in droves. According to Redfin, Florida is home to five of the top ten U.S. metro areas with the highest rate of growth. Many of these new residents have flocked to sunny coastal cities like Miami and Fort Lauderdale, leading to skyrocketing real estate prices […]
BY: Evan Paul, RBFL Editor The collapse of cryptocurrency exchange FTX Trading Ltd. (“FTX”) due to its co-mingling of assets with Alameda Research LLC (“Alameda”) has resulted in a plethora of litigation by those seeking recovery of lost assets. On the more traditional end, this includes bankruptcy proceedings, civil actions by the Securities and Exchange […]
BY: Emily West, RBFL Student Editor In 2020 and 2021, non-fungible tokens (“NFTs”) took the internet and pop culture by storm; Yuga Labs launched the Bored Ape Yacht Club[1], Mike Winkelmann (aka “Beeple”) sold a single NFT digital artwork for $69M, and NBA Top Shot launched their NFT marketplace for basketball video clips. Early on, […]
By: Ryan Connolly, RBFL Student Editor On August 8, 2022, OFAC sanctioned the cryptocurrency mixer Tornado Cash. OFAC alleges that Tornado Cash has been used, through its transaction anonymizing services, to launder over $7 billion worth of cryptocurrency since 2019. Among the most notable launderers was Lazarus Group, a North Korean state-sponsored hacking group who […]
BY: Jacob Chaas, RBFL Editor The laboratory of financial engineering’s latest concoction has received mixed reviews by pundits. Lauded by some as a “Technicolor Dreamcoat” and criticized as a “Frankenstein” by others, the collateralized fund obligation (“CFO”) transaction has seen an explosion in popularity in recent years. Naturally, these novel transactions raise new concerns for […]
BY: Conner Ahler, RBFL Editor The Federal Trade Commission blocked a non-compete agreement between two firms in the process of selling and purchasing gas stations in response to pressure from the Executive Branch to increase competition in the American economy. Employment non-compete agreements are usually the type under such scrutiny, making this action unique. The […]
BY: Harrison Hayne, RBFL Editor While speculation about the metaverse has cooled in recent months, it is doubtful that the metaverse will bow out quietly given the billions of dollars invested in its success by major technology players. A multitude of metaverse platforms are still hoping to use the metaverse to transition the human experience […]
BY: Caroline Estey, RBFL Editor Early last year, Elizabeth Holmes was charged with wire fraud for lying to investors about the capabilities of her company, Theranos. After news broke of the massive fraud, many wondered how and why it was able to happen. The answer to these questions appears to be connected to the regulation […]
BY: Nicole Chatt González, RBFL Editor One way to fool appraisers and increase the value of your home — make the appraiser think the current occupants are white. In 2021, a black family’s picture hanging in the living room made a nearly $300,000 difference when Nathan Connolly and Shani Mott had their home initially appraised. […]