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Ratings Agency Moody’s Corp. has agreed to pay roughly $864 million to resolve federal and state claims that it gave juiced ratings to risky MBS in the run-up to the financial crisis. Half of the total will end up in DOJ coffers, and the other half will be divided among 21 states and D.C. – NYTimes and Law360

UK PM Theresa May is set to deliver a major speech today laying out a Brexit path forward that includes a departure from Europe’s single market – Bloomberg and WSJ

Luxury eyewear powerhouse Luxottica Group (owner of Ray-Ban and Oakley) has announced a $49 billion deal to merge with France’s Essilor—a maker of lenses and the second-largest player in the eyewear market (just behind Luxottica) – NYTimes and WSJ

The oldest Boomers are kicking off mandatory withdrawals from 401(k)s, IRAs, and other tax-deferred accounts.  Here’s why it matters  to the rest of us – WSJ

The DOL’s latest FAQ for its forthcoming fiduciary rule change is aimed particularly at investors and workers – Dep’t of Labor

Bitcoin and high frequency trading.  Shouldn’t really be a surprising pair, should it? – Bloomberg

Rolls-Royce, the British conglomerate known best for its cars but a major player in engines and power systems, apparently has some explaining to do.  Because bribery and graft aren’t a good look – NYTimes and WSJ

And while we’re on the topic of bribery, it’s been a rough go of it at Samsung lately – WSJ and Bloomberg

A big smile, topography-induced gravity wave, and 250 mph winds: just a normal week, apparently, on Venus – NYTimes

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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