Dell reportedly takes new look at IPO | US, China show no signs of retreating from trade dispute | Clayton doesn't know when advice rule will be finalized
September 24, 2018
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Corporate Spotlight
Dell reportedly takes new look at IPO
Dell Technologies is again considering an initial public offering, according to people with knowledge of the matter. The company, which decided to forgo an IPO earlier this year, is changing its approach after its $21.7 billion offer to buy back tracking stock ran into opposition from activist investor Carl Icahn, Canyon Capital Advisors and Elliott Management.
Reuters (9/23) 
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National News
US, China show no signs of retreating from trade dispute
The US and China showed no interest in reducing trade tensions as US tariffs on $200 billion worth of Chinese goods and retaliatory Chinese tariffs on $60 billion worth of US goods took effect Monday. Economists warned that a long trade dispute would depress economic growth not only in those two countries but also across the globe.
Reuters (9/24) 
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Financial and Tax Update
Clayton doesn't know when advice rule will be finalized
There's no deadline for completion of the Securities and Exchange Commission's proposed rule governing investment advice, Chairman Jay Clayton says. "It's not this month, probably not next month," he says.
InvestmentNews (tiered subscription model) (9/21) 
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Report: Alternative investments see greater allocations by US advisers
Alternative investments accounted for 7.2% of overall assets under management by US advisers in 2017, up from 5.7% the year before, Cerulli Associates said in a report. About 40% of advisers surveyed said they used alternative investments, according to the report.
Institutional Investor online (9/21),  ThinkAdvisor (free registration) (9/21) 
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Employment Focus
"Criminal recruiters" seek workers with secrets
"Criminal recruiters" seek workers with secrets
(Pixabay)
Companies that operate globally are conducting internal investigations as "criminal recruiters" look for employees willing to sell inside information. These enterprises advertise on the dark web, offering as much as 10 times an employee's salary in exchange for sensitive information.
CNBC (9/20) 
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Supreme Court and Federal Court Watch
Judge halts Dallas County's use of set schedule for bail amounts
An order by US District Judge David Godbey temporarily requires that Dallas County examine arrestees' ability to pay bail and consider alternative amounts and conditions rather than adhering to a set schedule. The order, in effect as a lawsuit against the county moves forward, also requires that suspects get an individual hearing within 48 hours if they are held after indicating they cannot pay bail.
The Dallas Morning News (tiered subscription model) (9/21) 
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Convicted killer asks Supreme Court to overturn death penalty
Richard Beasley, an Ohio man sentenced to death for the murders of three men he met via Craigslist job listings, is appealing his sentence to the US Supreme Court. Beasley contends that a conflict of interest emerged as the Ohio Attorney General's Office argued the case before the state high court because Justice Patrick DeWine, the son of state Attorney General Mike DeWine, should have but did not recuse himself.
Akron Beacon Journal (Ohio) (9/20) 
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Other Legal News
Groups challenge Fla. governor's upcoming high court appointments
Common Cause and the League of Women Voters have filed suit against Florida Gov. Rick Scott, who they say is exceeding his authority with his expected appointment of three justices to replace those facing mandatory retirement on the day Scott's term ends. An attorney for the plaintiffs says such appointments would violate a state constitutional provision that "nominations shall be made within thirty days from the occurrence of a vacancy."
Sun-Sentinel (Fort Lauderdale, Fla.) (tiered subscription model) (9/20) 
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Professional and Business Development
A CEO's advice on how to earn employee respect
Teams value CEOs who make brave shifts in strategy and focus on developing team members, writes Cheryl Bachelder, former CEO of Popeyes Louisiana Kitchen. Employees also want clear statements about your principles and values, as well as seeing how you live those even when pressured to act otherwise, she writes.
SmartBrief/Leadership (9/20) 
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Productive conversations have clear frameworks
Important conversations have a lot of variables to keep tabs on, and one action that can help is creating a framework, writes David Hiatt. "[T]he conversation should have an agreed upon purpose, confirmation of the time allotted, agreed upon agendas and expectations of people engaged in the conversation, and a goal or outcome at the end of the conversation," he writes.
Great Leadership (9/20) 
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PLI News
Join PLI in This Milestone Year in the History of the Securities Regulation Institute
Please join us in New York on November 7-9 for PLI's 50th Annual Institute on Securities Regulation. If you are unable to be there in person, you may also attend the conference via concurrent live Webcast at www.pli.edu. This year, we will strive to offer you practical takeaways and real-world examples, in addition to lively, informative and engaging discussions throughout the Institute.
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Outsourcing 2018: ITO, BPO and Cloud
Information technology outsourcing (ITO) and business process outsourcing (BPO) have quickly matured into standard practice for global companies. On October 1-2 in Chicago and November 1-2 in New York and on the Web, Outsourcing 2018 will build on its legacy as an important program covering the major legal and compliance matters that attorneys in the practice face. Hear from some of the nation's top lawyers specializing in technology transactions who are transforming how these technology agreements are designed.
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