Compliance Hot Spots: Winning a 'Too Big to Fail' Challenge | Meet the SEC's New Crypto Czar | New Hires & Much More
Catching up with Sullivan & Cromwell's H. Rodgin Cohen and the team that successfully challenged a bank's "too big to fail" designation. Plus: Coinbase names a new chief compliance officer, and scroll down for the latest compliance headlines.
July 31, 2018 at 09:00 PM
2 minute read
We're going inside Sullivan & Cromwell's novel legal strategy in a "too big to fail" dispute with the feds. And we've got some of the latest new-hires on the crypto front. The EPA's new leader faces scrutiny over lobbying clients. Welcome to Compliance Hot Spots, our briefing on compliance, enforcement and government affairs. Thanks as always for reading, and please keep sending me feedback—stuff you're working on, trends you are seeing. I'm at [email protected] and 202-828-0315, or follow me on Twitter @cryanbarber . You can sign up here to receive this briefing as a weekly email. For all the RSS fans, here's a feed link . 
|
How Sullivan & Cromwell Helped a Bank Shed 'Too Big To Fail' Tag
Sullivan & Cromwell 
H. Rodgin Cohen agreed Pat Brown Compliance Hot Spots: How did you feel about your chances initially? That sense of risk—how did the bank get over that sense, and to what extent were you able to take the temperature of federal regulators before pushing forward? What went into that process of making sure the agencies wouldn't be annoyed, as you said? 
|
Meet the SEC's Crypto Czar; Andrew Wheeler's Lobbying Scrutinized; And More
Valerie Szczepanik Bloomberg New York Law Journal Andrew Wheeler coal industry lobbyist Faegre Baker Daniels Washington Post New York Times Matthew Miner Cleary Gottlieb Steen & Hamilton here 
|
Promotions and new Hires: Coinbase Names Compliance Chief
Jeff Horowitz in a blog post here Benedicte Nolens pushes to register Business Insider Marc Kesselman Corporate Counsel Kent Walker The Recorder
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Compliance Hot Spots: GOP Eyes ESG as an Antitrust Issue + Another DOJ Crypto Seizure + Sidley Partner Jumps to Main Justice
9 minute read
Compliance Hot Spots: Lessons from Lafarge + Fraud Section Chief Talks Compliance + Cravath Lands FTC Commissioner
11 minute readTrending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
