Tag Archives: Elon Musk

Financial Daily Dose 6.11.2019 | Top Story: Opioid Maker Insys Files for Chapter 11 Protection

BY: Michael D. Reif | June 11, 2019

Opioid manufacturer Insys Therapeutics, which just last week agreed to pay $225 million to “settle a federal investigation into the marketing practices for its powerful fentanyl painkiller,” has filed for bankruptcy protection, announcing that it will continue operating while putting together a plan to pay its creditors – NYTimes and WSJ and Law360 More details … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 16, 2018

Today’s Muskdate is all about the SEC issuing a subpoena to Tesla as it continues its investigation into Elon’s August 7 Twitter post about the “funding secured” detail of his plans to take the company private – NYTimes and WSJ and Bloomberg and MarketWatch US regulators and law enforcement are in the midst of “one … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 14, 2018

Elon Musk had some explaining to do in light of his “funding secured” tweet on August 7 in the context of taking Tesla private, and he’s gone to the corporate blog to do so, arguing that his meetings with representatives of Saudi Arabia’s sovereign wealth fund before his tweet provided him with a defensible basis … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 16, 2018

After a pretty dismal 2017 on the IPO front, recent successful offerings by Dropbox and Spotify are ushering in a pent-up wave of tech IPOs – NYTimes The SEC has opened a probe into Guggenheim Partners’ asset-management arm over an $85-million real-estate transaction and a series of other deals involving ABS Capital—including a loan to … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 29, 2017

Here’s a headache Amazon may not have counted on for the much-touted Whole Foods venture: a data breach of its very own – WSJ and MarketWatch The 2d Circuit has refused to upend a lower court’s 2015 order that Nomura and RBS pay $806 million for selling toxic MBS to Fannie & Freddie – Law360 … Continue reading