A San Francisco jury found Elon Musk not liable in a trial over whether Tesla CEO Elon Musk committed securities fraud in 2018 by tweeting that he had “funding secured” to take the electric vehicle company private. The jury’s verdict brought an end to the three week trial to decide whether Musk, Tesla and the company’s board of directors were responsible for millions of dollars in investor...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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