Senior reporter at ALM since 2004; based in Florida; covers general counsel and white collar crime; contact: [email protected]
March 10, 2020 | Corporate Counsel
Wells Fargo CEO Beefs Up, Frees Up and Centralizes Compliance EffortsCharles Scharf's testimony was part of several House hearings on the bank's efforts to comply with five government consent orders. So far, he said, there is still much work to be done.
By Sue Reisinger
5 minute read
March 09, 2020 | Corporate Counsel
Behind a General Counsel's Sudden Exit: Strip Clubs and Drinking With a DeputyMichael McKenna, the veteran general counsel of the National Credit Union Administration retired suddenly Nov. 19 after learning he was under investigation for ingesting marijuana, drinking heavily and visiting strip clubs during work hours with his deputy general counsel, Lara Daly-Sims.
By Sue Reisinger
4 minute read
March 06, 2020 | Corporate Counsel
New Report Rips Wells Fargo Board, Execs for Risk and Compliance FailuresAmong others, the report criticizes soon-to-depart general counsel Allen Parker, mostly for his lack of progress while serving as interim CEO, and former chief risk officer Michael Loughlin, who oversaw the compliance department.
By Sue Reisinger
4 minute read
March 05, 2020 | Corporate Counsel
Wells Fargo Names Acting General Counsel, Continues Search for Permanent OneWells Fargo & Co. has named Douglas Edwards as acting general counsel while it searches for a permanent legal chief who will be acceptable to federal regulators. Edwards is a longtime veteran of the scandal-ridden bank.
By Sue Reisinger
4 minute read
March 04, 2020 | Corporate Counsel
US Retail Groups Ask Supreme Court to Save Members From Abusive LawsuitsAbusive litigation related to the robocalling ban is keeping some pharmacies from texting customers when it's time to refill their prescriptions or stopping some stores from sending out coupons and sale notices requested by the customers.
By Sue Reisinger
4 minute read
March 03, 2020 | Corporate Counsel
Many Companies Still Lacking in Data Breach ReadinessOne expert says the main takeaway from a new report on data security for general counsel is that "their clients are not preparing enough by practicing [data breach drills] and updating their response plans. They should work with clients to ensure this piece is a well-oiled machine."
By Sue Reisinger
5 minute read
March 02, 2020 | Corporate Counsel
50 Chief Legal Officers Seek More Rigorous Court Scrutiny of Expert TestimonyFifty top legal officers of U.S. corporations sent a letter Monday urging the federal courts system to clarify a rule that sets standards for the use of expert testimony. The in-house counsel say courts too often are allowing juries to hear expert opinions. not based on scientific evidence.
By Sue Reisinger
4 minute read
February 28, 2020 | Corporate Counsel
In-House Contract Lawyers Explore What Tech Can Do for ThemWhen an event happens, "you need to know what clauses you have in contracts that alter your risk," one expert says. "And you want AI doing that, not an army of interns in your legal department."
By Sue Reisinger
4 minute read
February 28, 2020 | Corporate Counsel
Three Lawyers, Two General Counsel, One Focus: Diversity and InclusionMaaike de Bie strives to help more women find their wings at Great Britain's easyJet. Cheryl Foy is pushing for more women general counsel in Canada.…
By Sue Reisinger
12 minute read
February 27, 2020 | Corporate Counsel
A Look Into McDonald's Fight to Protect Its In-House Counsel Privilege"Plaintiffs' arguments boil down to nothing more than an objection to McDonald's existence as a large corporation with complex legal needs," McDonald's lawyer argues.
By Sue Reisinger
4 minute read
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