Teen suspected in massive cyberattack on Las Vegas casinos. Here’s what it cost Summary A 17-year-old is accused of participating in 2023 cyberattacks that hit two major Las Vegas casino operators. Authorities say Caesars Entertainment paid $15 million to settle a ransomware demand, while MGM Resorts suffered about $200 million in damages. Sensitive data — […]
Top military commanders abruptly summoned by defense secretary to Virginia next week Summary Defense Secretary Pete Hegseth has unexpectedly ordered a meeting of the U.S. military’s senior officers — one-star rank and above — at the Marine Corps base in Quantico next week. The directive, which covers hundreds of generals and admirals and their top […]
Germany’s Fight over Player Refund Claims Reaches the EU’s Highest Court Summary The European Court of Justice (ECJ) in Luxembourg has begun oral hearings in a high-profile referral from Germany’s Federal Court of Justice (BGH) about whether German players can recover losses from unlicensed sports-betting operators. The case centres on a lawsuit against Tipico and […]
Sweden targets unlicensed operations with Gambling Act amendment Summary The Swedish Ministry of Finance has published Marcus Isgren’s report proposing major changes to the Gambling Act to close a loophole used by unlicensed operators. The core change is replacing the current “directional criterion” with a “participant criterion”: Swedish law would apply whenever Swedish residents can […]
When Disclosure Pays: Evidence from the Over-The-Counter Markets Summary Robert Bartlett and Colleen Honigsberg (Stanford Law School) examine the effects of the SEC’s 2020 amendments to Rule 15c2-11, which for the first time required OTC issuers to provide current periodic disclosures as a condition for retaining publicly visible broker-dealer quotations. The rule created a binary […]
Risk Management and the Board of Directors Summary This memorandum — authored by Martin Lipton and colleagues at Wachtell, Lipton, Rosen & Katz — outlines why boards must treat risk oversight as a core governance responsibility, distinct from day-to-day risk management. It surveys the legal and regulatory landscape (Delaware fiduciary law, SEC and NYSE rules, […]
Activists Say ‘Yes’ to ‘Vote No’ Campaigns in 2025 Summary The 2025 proxy season has seen a notable increase in “vote-no” or withhold campaigns aimed at directors. Diligent Market Intelligence reports 33 distinct withhold campaigns in the 12 months ended 30 June 2025, up from the low-20s in prior years. These campaigns are attractive to […]
India Plans ₹70,000 Crore Push for Shipping, Shipbuilding and Maritime Infrastructure Growth Summary The Indian government is preparing a major ₹70,000 crore package to boost the maritime sector. The plan centres on three schemes: a ₹20,000 crore Shipbuilding Fund, a ₹25,000 crore Maritime Development Fund (MDF) and a ₹25,000 crore financial assistance package for shipbuilding. […]
What Do Women Bring to the Boardroom? Evidence from Corporate Environmental Performance Summary This post summarises research by Po-Hsuan Hsu, Kai Li and Yihui Pan (forthcoming in Management Science) that examines how board gender diversity affects corporate environmental performance. Using survey evidence, firm-level environmental scores, negative environmental news measures, a natural experiment from California’s SB […]
Michigan Supreme Court Denies Appeal of Man Who Killed Poker Player Susie Zhao Summary Warning: this article discusses murder and sexual assault. The Michigan Supreme Court has declined to hear the final appeal from Jeffery Bernard Morris, who was convicted in 2022 of first-degree premeditated murder in the brutal 2020 killing of poker player and […]
