The Legal Onslaught Facing Credit Card Companies

▤ Summary

This weekend, Judge Cormac J. Carney of the U.S. District Court of central California refused Visa’s request to be dismissed from a case that claims it conspired to help MindGeek, parent company of the website Pornhub, profit from images of child sexual abuse. China has issued increasingly sharp warnings in recent days that a visit to the self-governing island would provoke a response, perhaps a military one. In “Going Public,” which was published last week, Dakin Campbell, Insider’s chief finance correspondent, details how the venture capitalist Bill Gurley led an effort in 2019 to make I.P.O.s fairer (in his opinion) for start-ups and average investors. The effort challenged big banks’ control over the process, giving rise to different sorts of transactions, including direct listings and special purpose acquisition companies. And that would be a good thing for the state of corporate innovation, the larger economy and citizens who invest in public stocks to build wealth.

▦ Linked Companies

Bloomberg

$1B+