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Corporate Counsel

Top Banks Still Paying Billions in Misconduct Costs, Report Says

Nearly a decade after the financial crisis, costs related to conduct still continue to cost banks big time.
3 minute read

New York Law Journal

Grace Period Expires for Cybersecurity Regulations in NY: What Comes Next?

F. Paul Greene writes: The day has finally arrived for the financial services industry in New York. The new cybersecurity regulations issued by the New York State Department of Financial Services are officially in force, and for the first time, a single state is regulating cybersecurity on a potentially global scale, and it has done so via the regulatory process, not legislative action.
16 minute read

National Law Journal

Colorado Says DOJ's Dope Concerns Are All Smoke, CFPB and the U.S. Chamber Quarrel Over Arbitration: Roundup

Here's a weekly roundup of big regulatory news, including CFPB Director Richard Cordray taking to the NYT op-ed pages to defend his agency's new anti-arbitration rule; Colorado telling the feds to be more chill on marijuana; and ex-Uber engineer Susan Fowler, who exposed hostile-work complaints, taking her story to the U.S. Supreme Court.
10 minute read

Daily Business Review

11th Circuit Weighs Class Status for Million-Plus Plaintiffs in Wells Fargo Suit

Lawyers for Wells Fargo Bank squared off against those representing what they hope remains a class of plaintiffs challenging the bank's overdraft practices at the Eleventh Circuit Court of Appeals on Thursday.
4 minute read

National Law Journal

Wells Fargo Appeals $577K Whistleblower Award in Fake-Account Scandal

Wells Fargo, represented by Gibson, Dunn & Crutcher, mounts an appeal to challenge the wrongful-termination claims of a former branch manager in California who alleged she was fired after blowing the whistle on bankers opening new accounts without proper authorization. OSHA ordered the bank to reinstate the whistleblower, and pay $577,500 in back pay and damages.
6 minute read

The American Lawyer

DLA Piper Picks Up Ex-Gibson Dunn, Kirkland Partners

The global legal giant has made a double partner hire for its leveraged finance practice in London and Hong Kong.
4 minute read

The American Lawyer

Court Filing Claims Linklaters Bailed on Qatar Loan to Barclays

The Magic Circle firm appears to have refused to advise the Persian Gulf state in connection with a controversial $3 billion loan at the height of the 2008 financial crisis amid concerns over its legality, according to papers filed with a court in London.
4 minute read

Daily Report Online

Attorney Accused of Blocking Garnishment Files Defamation Suit Against Lawyer Foe, Again

Sarasota attorney Robert Frey, who holds emeritus status with the State Bar of Georgia, initially sued A. Binford Minter and a client in U.S. District Court in February over statements Minter made about Frey's intervention in a garnishment action.
4 minute read

Daily Business Review

Berkadia Secures $14 Million for Two Florida Keys Hotels

The Berkadia team arranged acquisition financing for two Islamorada hotels that are managed jointly.
3 minute read

Corporate Counsel

Chief Compliance Officer Blamed for Faulty SEC Filing

It's just the latest instance of federal regulators pointing the finger at CCOs.
3 minute read

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