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Ex-Greenberg Shareholder Accused of Concealing Bank Officers' Crimes
Federal banking regulators are accusing former Greenberg Traurig shareholder Carlos Loumiet of making false statements, suppressing evidence and violating conflict of interest rules in connection with his work for the now-defunct Hamilton Bank. The U.S. Office of the Comptroller of the Currency announced that it is seeking to impose a $250,000 fine and to bar Loumiet from representing banks and other insured depository institutions. Loumiet, now a Hunton & Williams partner, is fighting the charges.Three of Obama's judicial nominees sail through hearing
Three judicial nominees to federal courts in Washington faced little opposition when they appeared for their confirmation hearing before the Senate Judiciary Committee on Wednesday. Mostly, they met with friendly questions from a few Democratic senators.The good news for Judge Jed Rakoff: The Second Circuit is taking the unusual step of appointing a lawyer to advocate for his explosive decision rejecting the SEC's $285 million settlement with Citigroup. The bad news? That lawyer has a "strong likelihood" of losing, according to a ruling staying the district court case on Thursday.
Cato Institute Shares, Tax-Exempt Status Called Into Question
Is the Cato Institute entitled to its current tax-exempt status? Several legal theories and Cato documents seem likely to draw the IRS into an ongoing dispute about Cato's governance structure and shareholders.Trending Stories
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