Anne Wojcicki has reclaimed control of 23AndMe through a successful bid by TAMM Research Institute, a nonprofit controlled by Wojcicki – but this move could bring a new set of unique challenges. Gary Kibel, a partner in the Privacy, Technology + Data Security Practice Group at Davis+Gilbert, was Continue Reading
Reuters | How Trump’s Crypto Business Partners Left Their Old Clients in the Lurch
July 2024, Dough Finance — a crypto startup trading platform that made it easy to make risky bets using borrowed funds — suffered a major hack, resulting in the theft of substantial assets belonging to its users. Following the collapse of Dough Finance, the founders launched a new venture — World Continue Reading
Association of Commercial Finance Attorneys (ACFA) | Let’s Get Ready to Warehouse
Quick Details Lenders relying on inventory collateral located in warehouses have long relied on the warehouses waiving their liens in favor of the lenders. In recent years, warehouses have become more aware of their rights and have pushed back on lien waivers and have, instead, entered into Continue Reading
Law360 | FTC Chair Flags Data Risks in 23andMe Bankruptcy
A vast amount of sensitive consumer data is at risk with 23andMe auctioning off genetic information, biological DNA samples, health information, payment data and other personal information gathered from the roughly 15 million customers. Gary Kibel, a Davis+Gilbert Privacy, Technology + Data Continue Reading
Reuters Legal News | Crypto Ownership and Custodial Wallets: Owning Without Owning?
Over the last decade, year over year, hackers have stolen billions of dollars in cryptocurrencies. Last month, another of the world’s largest cryptocurrency exchanges was hacked in what has been called the largest crypto heist in history. The exchange was Bybit, based in Dubai, and the Continue Reading
Reuters Legal News | Valuing Crypto in the Bankruptcy Multiverse
The recent bankruptcy filings by several major crypto platforms have given rise to unexpected realities for customers and investors. The sudden change in rights, legal exposure in bankruptcy litigation and varying outcomes in the several different proceedings can be reminiscent of a Hollywood Continue Reading
Key Influences on the Cannabis Market in 2023
2023 may create the harshest conditions yet for the cannabis industry. The economy was already expected to be a challenge to profitability and now turmoil in the banking sector may further distract Congress from passing meaningful marijuana banking legislation, continuing to limit access to Continue Reading
It Could Happen Again: What to Know If There is Another Bank Failure
Prompted by the collapse of Silicon Valley Bank (SVB) on March 10, 2023, depositor fear has spread to thousands of other regional and community banks across the nation, despite extraordinary measures taken by the federal government to stabilize the U.S. banking system. Should additional Continue Reading
Reuters Legal News | Clawback to the Future: Avoidance Actions in Crypto Bankruptcies
When the history books are written, it may be said that the biggest event to shake the crypto world was not the crypto bankruptcies of 2022, but rather, the clawback of billions of dollars in crypto value in those bankruptcies. Since summer 2022, five major crypto companies have filed bankruptcy: Continue Reading