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The Recorder

Why Some California Counties Are Saying No to Commercial Cannabis

Voters overwhelmingly said yes to to recreational use. But not every city and county rushed to embrace the green wave. Here are five of the top reasons lawyers and local government officials gave for their hesitation.
14 minute read

Daily Business Review

Jones Day and Skadden Advise Lenders on Mexican Railway Company's Purchase of Florida East Coast Railway

Mexico Transportes, the largest railroad company in Mexico, has completed its purchase of Florida East Coast Holdings Corp., the owner of the Florida East Coast Railway, paying more than $2 billion.
2 minute read

Daily Report Online

Bradley Arant's Paul Compton, Trump's Pick for HUD GC, Will Face Senate Test

Jerome Paul Compton, the Trump administration's pick for general counsel at the U.S. Department of Housing and Urban Development, pulled in nearly $1.2 million between January 2016 and late March of this year from his work in the Birmingham offices of Bradley Arant Boult Cummings, according to a financial disclosure form. Compton's confirmation hearing is set for July 18.
17 minute read

Daily Business Review

RBS Paid a Big Penalty Over Mortgages. Its Next One May Be Bigger

Even as Royal Bank of Scotland Group Plc said Wednesday it would pay $5.5 billion to settle a U.S. lawsuit over its crisis-era mortgage-bond business, it told investors that another big bill may be on the way.
6 minute read

New York Law Journal

Treasury 'Core Principles' Report: Will Non-U.S. Banks Be Able to Benefit Too?

International Banking columnist Kathleen A. Scott writes that there is something for banks large and small in Treasury Secretary Steven Mnuchin's report on the extent to which current U.S. financial regulatory requirements promote and support seven "core principles" set out in Executive Order 13772.
8 minute read

Daily Business Review

Greenberg Traurig Partners Secure $32M Loan for New Grove Office

The lawyers help the Terra Group land a construction loan for its new office development in Miami's Coconut Grove.
4 minute read

Daily Business Review

Venezuela Regime, Goldman Sachs Come Under Florida Fire

Venezuela's Maduro regime and the investment bank Goldman Sachs could be in the crosshairs of Florida politicians heading toward the 2018 legislative session.
8 minute read

Daily Report Online

Insurers for Bank Used by Ponzi Schemer Rothstein Aren't Liable for Coverage, Court Says

The decision by the U.S. Court of Appeals for the Eleventh Circuit came more than seven years after high-flying Florida lawyer Scott Rothstein pleaded guilty to federal charges stemming from a scheme that defrauded hundreds of investors.
5 minute read

National Law Journal

CFPB, Testing Trump and Republicans, Moves to Restrict Forced Arbitration

The Consumer Financial Protection Bureau on Monday finalized a sweeping new rule banning arbitration agreements that prevent class actions against banks and other financial institutions, setting the stage for parallel legal and political fights over a regulation that Republican lawmakers will seek to overturn before it sees the light of day.
7 minute read

The American Lawyer

Hogan Lovells Launches Consulting Arm After PwC Hire

The global legal giant has started a consulting business for its financial services clients in the U.K. after hiring Steve Murphy from his role as a director at PricewaterhouseCoopers LLP.
2 minute read

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