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: Rob Stigile Following the publication of a blockbuster report detailing the use of apartment rent pricing software by some of the nation’s largest multifamily landlords, dozens of plaintiffs have filed suit alleging that use of the software violates section of the Sherman Act. These lawsuits may serve as an invitation for judicial reconsideration of […]
BY: Katie Negron, RBFL Student Editor The Forbes 30 Under 30 List has grown to showcase and introduce people making substantial differences and innovations in their given community. Broken into several categories including tech, finance, medical, entertainment, and more, the list has evolved to become a notable achievement for many younger entrepreneurs. Over the course […]
BY: Aster Cheng, RBFL Editor The priorities of consumers are changing––as consumers place more weight on the environmental and social impacts of companies in their decision making, more companies are choosing to become B Corporations (“B Corps”).[1] B Corps are for-profit companies who have met a standard of ESG factors established by B Lab, a […]
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: Marina Phillips, RBFL Editor Decentralized Autonomous Organizations (“DAOs”) are becoming an increasingly popular means of organizing people from around the world for a common purpose. For those who are unfamiliar with the term, DAOs are essentially organizations or entities formed in blockchain and can be formed for both for-profit or not-for-profit purposes. DAOs are […]
BY: Will Jagiello, RBFL Student Editor Even with the greatest of efforts, progress towards solving a complex problem may be inexorably damaged by events completely out of the most skilled actor’s control. The budding NewSpace[1] sector that took the market by storm in 2020 (and continued astronomically through 2021) learned this lesson when Silicon Valley […]