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Streetwise Streetwise newsletter: Another lawsuit in the Stronach family; industry observers ‘gobsmacked’ over latest Quadriga developments

Here are the top reads on deals and financial services over the last 24 hours,

Another Stronach lawsuit pits Frank’s granddaughter against her aunt Belinda: The youngest member of the Stronach clan has added another strand to a web of lawsuits over control of the family fortune, as 18-year-old Selena Stronach went to court last week with a suit aimed at maintaining a jet-set lifestyle and limiting the role of her aunt Belinda Stronach, who is currently running the family’s billion-dollar horse-racing, real-estate and farming business. Story (Andrew Willis, for subscribers)

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MORE FINANCIAL SERVICES NEWS

Cryptocurrency: The revelation that the embattled QuadrigaCX cryptocurrency exchange recently lost track of more than $460,000 in crypto-coins has left some industry observers reeling with disbelief. “I’m totally gobsmacked … that such a thing could happen,” says Manie Eagar, CEO of Vancouver-based DigitalFutures, a business development consultancy that focuses on digital currency and blockchain technologies. Story (for subscribers)

MORE DEALS NEWS

Tech sector: Japanese map platform developer Dynamic Map Platform plans to acquire Detroit-based Ushr for nearly 20 billion yen ($181.1 million) in a bid to cement a stronger position in the burgeoning self driving cars market, the Nikkei newspaper said. Story

IPO: Jeans maker Levi Strauss & Co. on Wednesday filed documents to list itself on the New York Stock Exchange, seeking to return to public markets after more than three decades. Story

Health-care sector: Johnson & Johnson said on Wednesday it would buy Auris Health Inc for US$3.4-billion in cash, gaining access to the privately held company’s surgical robotic scope used in respiratory procedures and the detection of lung cancer. Story (subscribers)

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