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A tentative settlement has been reached in a lawsuit that alleged James Franco intimidated students at an acting and film school he founded.

Attorneys for the plaintiffs in the case against James Franco announced they have reached a tentative settlement over allegations that the actor intimidated students at his acting and film school into sexual situations.

REGULATORY UPDATES SEC Proposes Conditional Exemption for Finders Assisting Small Businesses with Capital Raising On October 7, 2020, the Securities Exchange Commission (the “SEC”) proposed a conditional exemption from broker registration requirements for certain “finders” who assist issuers with raising capital in private markets. If adopted, the proposed exemption would permit natural persons to engage in certain limited activities involving accredited investors without registering with the SEC as brokers. The proposed exemption seeks to assist small businesses in raising capital an...

Open Banking Fintech Plaid Is Reportedly Planning to More than Double its Europe based Professional Team Fintech firm Plaid is reportedly planning to more than double its Europe-based workforce in 2021, despite having to back out of a potential deal to be acquired by payments giant Visa (due to US antitrust issues). The financial technology firm appears to be taking the fallout of the $5.3 billion potential deal in its stride, hoping to take advantage of a move toward digital or online banking services following the COVID-19 outbreak. Plaid’s financial infrastructure tools are used to link...

Payment solutions provider Visa Inc (NYSE: V) and fintech company Plaid Inc have called off their merger plans originally announced in January last ...