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Matt Levine on Why 'Everything Is Securities Fraud'
Aug 25, 2023
Matt Levine, a columnist for Bloomberg Opinion, discusses the trend in American securities laws where all conduct is reflected through the notion of securities fraud. He explores the regulatory challenges surrounding meme stocks and debates the SEC's stance on cryptocurrencies as securities. The podcast also includes a lighthearted guessing game about the price of a Ferrari.
36:10
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Quick takeaways
- Securities fraud lawsuits are increasingly being used to litigate and fight over political and social issues in America.
- The regulatory framework for cryptocurrency in the United States is still uncertain and may be shaped by ongoing debates and legal battles.
Deep dives
Hedge fund managers engage in contested M&A battle over Sculptor Capital Management
Prominent hedge fund managers, including Bill Ackman and Mark Lasry, are bidding against each other to acquire Sculptor Capital Management. The public hedge fund firm is trying to go private by selling itself to another firm while keeping its current manager in place. The competing hedge fund managers are attempting to outbid the current offer and take control of the firm. This contested M&A situation is highly unusual in the hedge fund industry and may result in a contentious legal battle.
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