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Legaltech News

Even After SEC Guidance, Compliance Blind Spot Remains for Cryptocurrency Trading

Given the nature of token and cryptocurrency trades, investment advisors may run afoul of SEC rules concerning employees' personal trades.
4 minute read

Legaltech News

Former Equifax Counsel: It Won't Be an 'Easy Road Back' After Breach

Charles Hoff, former senior vice president and international counsel at Equifax says there's a roadmap to follow to regaining public trust that relies on the company's own playbook.
5 minute read

National Law Journal

What to Know About Noel Francisco as the New SCOTUS Term Nears

The U.S. Supreme Court's fall term begins on Oct. 2. Noel Francisco, newly confirmed as U.S. solicitor general, has just days to prepare. Of course, it's likely Francisco, formerly a top appellate lawyer at Jones Day, hasn't been thinking about the cases and issues that the justices will confront—and he will argue—this term. Here's a snapshot of things to know about Francisco and matters on his plate as he prepares to step up to the lectern at the high court.
32 minute read

New York Law Journal

Wrangling the Wild West: SEC Steps in to Regulate Initial Coin Offerings

Christian Everdell writes: First, it was digital currencies like bitcoin. Then, it was distributed ledger technologies like blockchain. Now, another potentially groundbreaking innovation from this same community of technologists has vaulted to the forefront and taken center stage—the Initial Coin Offering. But all of the froth has spawned a Wild West atmosphere where investors are throwing money at what can be, at best, unproven technologies and, at worst, outright scams. Enter the SEC.
8 minute read

New York Law Journal

LIBOR and the Future of Floating Rate Mortgage Loans

In their Financing column, Jeffrey B. Steiner and Jason R. Goldstein discuss the implications for real estate lenders in the wake of the anticipated phase-out of the much-used LIBOR index rate.
12 minute read

New York Law Journal

Ex-Deutsche Bank GC, SEC Enforcement Chief Joins King & Spalding

Richard Walker, the longtime Deutsche Bank general counsel and former SEC enforcement chief, has joined King & Spalding in the firm's special matters and government investigations group in New York.
4 minute read

Daily Report Online

Fintech Is Booming in Georgia, as Regulatory Obstacles Loom

A fast-growing industry plus regulatory uncertainty equals lots of work for lawyers.
7 minute read

National Law Journal

The CFPB, Often a Winner in Court, Hit a Rough Patch This Summer

The Consumer Financial Protection Bureau has returned billions of dollars to consumers while confronting abuses carried out by large banks, mortgage lenders and law firms—successes that are reflected in the agency's court record and settlements. But the CFPB has also suffered a string of setbacks this summer. Proponents of the agency caution not to read too much into the losses—the CFPB, they say, is willing to litigate. Still, others see an agency that's still pushing the limits of its authority.
26 minute read

Legaltech News

Investors Jumping Into Legal Fray Over Equifax Data Breach

Investors allege that the agency failed to protect its data systems and thus made false statements in recent financial statements about the soundness of its cybersecurity.
4 minute read

The Legal Intelligencer

Jones v. Bd. of Dir. of Valor Credit Union, PICS Case No. 17-1370 (Pa. Super. Aug. 21, 2017) Musmanno, J. (9 pages).

Member of a federal credit union lacked standing to bring a derivative action, where the Federal Credit Union Act did not specifically authorize such standing, and where plaintiff failed to make demand upon the credit union to assert its rights and the credit union refused or failed to do so. Order of the trial court affirmed.
3 minute read

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