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Corporate Counsel

It Was a Tough Week for Bank General Counsel Around the Globe

Internationally, banks had a tough enforcement week--a timely reminder of the importance of a strong compliance focus in the financial services sector.
1 minute read

New Jersey Law Journal

From $109M Fine to $0: CFPB Case Against NJ Mortgage Lender PHH Corp. Dropped

The dismissal comes fives months after a Washington federal appeals court upheld the CFPB's power structure as constitutional but tossed the penalty against New Jersey-based PHH, sending the case back to the bureau for further action.
1 minute read

Litigation Daily

Daily Dicta: Why a $1.3B Payout Is a Good Deal for SocGen

The deal took some highly skilled maneuvering by the bank's lawyers from Skadden, Arps, Slate, Meagher & Flom; Debevoise & Plimpton and Mayer Brown.
6 minute read

New York Law Journal

The Rise of the 'Crypto Czar,' the Fall of a 'Blockchain Evangelist'

The cryptocurrency enforcement landscape continues to evolve with several important developments this past week, including the appointment of a “Crypto…
2 minute read

National Law Journal

How Cannabis Banking Is a Matter of Public Safety

The rescission of the Cole Priorities has stifled that progress. Consequently, the risks to public safety of a multibillion-dollar cash industry and opaque maneuvers to transfer cannabis are omnipresent in the cannabis industry.
1 minute read

The Legal Intelligencer

Opt-Out Mechanism Enables Substantive Consolidation Under Chapter 11 Plan

Substantive consolidation is a procedure that can be implemented by a bankruptcy court to treat two or more debtors in bankruptcy as one entity by pooling the assets and claims of the entities, eliminating inter-company claims, and combining the creditors of the entities for purposes of voting and distribution on and under a Chapter 11 plan of reorganization.
1 minute read

The American Lawyer

Yankee Practitioners Cheer US Bankruptcy Court's Recognition of British Flexibility

What type of clients will be able to take advantage of the new opportunities created with a U.S. bankruptcy judge's recent opinion recognizing U.K. third-party releases?
5 minute read

New York Law Journal

Société Générale Agrees to $860M Penalty in FCPA, LIBOR Cases

The deferred prosecution agreement with the Department of Justice represents the first coordinated resolution with French authorities in a foreign bribery case, according to officials.
1 minute read

Legaltech News

Mandatory Arbitration Agreements May Not be Immutable in Cryptocurrency Litigation

Public access prevailed in the Eleventh Circuit's recent Leidel v. Coinbase decision, which provides insight for how aggrieved investors may be able to draft pleadings against third-party money service providers.
1 minute read

National Law Journal

Judge Presses Lead Plaintiff in State Street Bank Lawsuit on Overbilling Questions

A Boston federal judge has ordered the head of a pension fund to explain why the fund should still continue to be lead plaintiff, in light of suggestions that it didn't catch millions of dollars in overcharges by lawyers leading the class action.
5 minute read

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