chek'em
Lyft is sued by investors over IPO
(Reuters) - Lyft is sued by investors over its initial public offering - court filing
Lawsuit also names Lyft executives and bank underwriters as defendants.
Lawsuit claims Lyft misled investors about its ridesharing position, bicycle safety issues, and labor matters.
Lawsuit filed in San Francisco federal court claims Lyft’s false and misleading statements inflated company’s share price, and that investors lost money when the price fell.
https://www.reuters.com/article/us-lyft-ipo-lawsuit/lyft-is-sued-by-investors-over-ipo-idUSKCN1SN2M3?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
see here from April 6th
Lyft is threatening litigation against Morgan Stanley, accusing the firm of supporting short-selling
Lyft has threatened litigation against Morgan Stanley, accusing the firm of supporting short-selling for investors who are subject to lock-up agreements.
In a letter sent to Morgan Stanley on April 2, Lyft questioned the firm about its alleged role in helping market certain products that would help pre-IPO investors bet against the stock.
CNBC reviewed a copy of this letter, which was signed by Lyft’s counsel Peter Stris of the law firm Stris & Maher. Lyft declined to comment.
The letter was prompted by reporting in the New York Post, which said Morgan Stanley had been selling a short product to pre-IPO investors and cited three sources close to the situation.
Lyft asked Morgan Stanley to go on record saying that they did not create such a product, and that they had engaged in the proper due diligence in marketing such a product.
https://www.cnbc.com/2019/04/06/lyft-is-threatening-litigation-against-morgan-stanley-accusing-the-firm-of-supporting-short-selling.html
he had some funny things but usually rode those into the ground with using them over and over again. All personal taste, mind you-like what we like. And then the smarmy sidekick paul whatz-his-nuts, in his case no nutz
U.S. says it may scale back some Huawei trade restrictions
(Reuters) - The U.S. Commerce Department may soon scale back restrictions on Huawei Technologies after this week’s blacklisting made it nearly impossible for the Chinese company to purchase goods made in the United States, a department spokeswoman said on Friday.
The Commerce Department may issue a temporary general license to allow time for companies and people who have Huawei equipment to maintain reliability of their communications networks and equipment, the spokeswoman said.
The possible general license would not apply to new transactions, according to the spokeswoman, and would last for 90 days.
A spokesman for Huawei did not immediately respond to a request for comment.
The Commerce Department on Thursday added Huawei to a list of entities that are banned from doing business with U.S. companies without licenses.
The entities list identifies companies believed to be involved in activities contrary to the national security or foreign policy interests of the United States.
Potential beneficiaries of the temporary license could include internet access and mobile phone service providers in thinly populated places such as Wyoming and eastern Oregon that purchased network equipment from Huawei in recent years.
https://www.reuters.com/article/us-usa-huawei-tech-exclusive/exclusive-u-s-says-it-may-scale-back-some-huawei-trade-restrictions-idUSKCN1SN2QA?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
AMAZON Sr Execs sell $18.72m in shares May 15
filed today.'
https://www.secform4.com/insider-trading/1018724.htm
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