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May 12, 2026

Less than 1: AM Edition, May 12



On Less than 1 this morning: PayPal settles DOJ claims its minority-business program violated lending law, Sam Altman takes the stand in Musk versus Altman, and the Ye "Donda" copyright case heads to jury deliberations -- plus a WSJ deep dive on the M&A insider-trading scandal and a California pension bill for CHP officers and firefighters.

Stories mentioned in this morning's episode:

DOJ, PayPal settle probe over minority business investment program
https://www.dailyjournal.com/articles/391358-doj-paypal-settle-probe-over-minority-business-investment-program

(WSJ) The Insider-Trading Scandal That Is Rocking M&A Law Firms
https://www.wsj.com/us-news/law/the-insider-trading-scandal-that-is-rocking-m-a-law-firms-67a561cc

(Sacramento Bee) CA lawmakers consider unique retirement benefit for CHP officers and firefighters
https://www.sacbee.com/news/politics-government/the-state-worker/article315712837.html

#391359

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