Compliance Hot Spots: As the CFPB Door Spins | Facebook's Friends | Plus: Who Got the Work
A Consumer Financial Protection Bureau attorney moves to Wells Fargo, and find out who's with Mark Zuckerberg as he testifies on Capitol Hill. Plus: a court ruling could expose compliance monitors who didn't get the gig, and scroll down to see who got the work in some of the big disputes making headlines.
April 11, 2018 at 09:30 AM
9 minute read
Welcome to Compliance Hot Spots, our weekly briefing on news and trends on compliance, enforcement and government affairs. Today we're spotlighting a Consumer Financial Protection Bureau attorney's move to Wells Fargo, and a quick word about Mark Zuckerberg's congressional hearing premiere. Also, we flag one cryptocurrency firm's seeming embrace of regulation. Scroll down to see who got the work in some of the big disputes making headlines.
I'm C. Ryan Barber in Washington. As always, thanks for reading, and we value any feedback. Tips or other other observations? I'd love to hear what's on your plate. Contact me at [email protected] or 202-828-0315, or follow me on Twitter @cryanbarber.
Let's get started.
Leaving the CFPB for Wells Fargo? Check.
Wells Fargo & Co. is adding a veteran Consumer Financial Protection Bureau enforcement attorney to its in-house legal team, according to three people familiar with the hire, a move that comes two years after the bank paid the largest fine in the regulatory agency's history.
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Who Got The Work
Burr & Forman partner Garry K. Grooms has entered an appearance for 4M Acquisitions and Wallace D. Tweden in a pending environmental lawsuit. The action, filed July 22 in Tennessee Middle District Court by the McKellar Law Group and Mark E. Martin LLC on behalf of Tennessee Riverkeeper, contends that the defendant's violated the Clean Water Act and Tennessee Water Quality Control Act by allowing for the discharge of pollutants into waters of the U.S. without obtaining a National Pollutant Discharge permit. The case, assigned to U.S. District Judge Aleta A. Trauger, is 3:24-cv-00886, Tennessee Riverkeeper, Inc. v. Tweden et al.
Who Got The Work
Ramsey M. Al-Salam, Gene W. Lee and Stevan R. Stark of Perkins Coie have entered appearances for R-Pac International in a pending patent infringement lawsuit. The case, filed Aug. 12 in New York Southern District Court by PinilisHalpern LLP and Friedman Suder & Cooke on behalf of Adasa Inc, asserts a single patent related to wireless sensors used for tagging products. The case, assigned to U.S. District Judge Alvin K. Hellerstein, is 1:24-cv-06102, Adasa Inc. v. R-Pac International LLC.
Who Got The Work
Walmart has tapped lawyer Nicole M. Wright of Zausmer PC to defend a pending product liability lawsuit. The action was filed Aug. 12 in Michigan Eastern District Court by Wolfe Trial Lawyers on behalf of a plaintiff claiming burns from a defective propane tank. The case, assigned to U.S. District Judge Matthew F. Leitman, is 2:24-cv-12100, Hill v. Ferrellgas, Inc. et al.
Who Got The Work
Kevin Simpson and James Randall of Winston & Strawn have stepped in to represent Comcast in a pending consumer class action. The case, filed Aug. 11 in Georgia Northern District Court by Kaufman PA, contends that the defendant placed pre-recorded debt collection phone calls to the plaintiff in violation of the Telephone Consumer Protection Act. The case, assigned to U.S. District Judge J.P. Boulee, is 1:24-cv-03553, Pond v. Comcast Cable Communications LLC.
Who Got The Work
Potter Anderson & Corroon partners Christopher N. Kelly and Kevin R. Shannon have stepped in to represent cloud computing company Fastly and its top executives in a pending shareholder derivative lawsuit. The complaint, filed Aug. 23 in Delaware District Court by deLeeuw Law and Bragar Eagel & Squire on behalf of Mark Sweitzer, accuses the defendant of failing to disclose that revenue growth in 2023 was primarily driven by a 'consolidation trend' in which companies simplified operations by reducing the number of content delivery network vendors under management, thereby reducing competition and increasing the defendant's market share. The case, assigned to U.S. District Judge Gregory B. Williams, is 1:24-cv-00969, Sweitzer v. Nightingale et al.
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