NEXT
Sign in to follow

New York Law Journal

When Confidential Supervisory Information Interferes With Attorney-Client Relationships

Jeffrey Alberts and Dustin Nofziger write: Attorneys who do not work in the banking space are often shocked to learn that federal banking regulators use regulations governing confidential supervisory information to prevent banks and their officers and directors from consulting with outside counsel and to monitor that communication when it occurs. While it is not possible to prevent regulators' interference with the attorney-client relationship, it is critical for any attorney representing financial institutions to understand what options are available to minimize it.
8 minute read

National Law Journal

Law Firms React to Growing Wave of Whistleblower Lawsuits

Plaintiffs firms and corporate defense firms have been adding whistleblower law experts as the number of suits proliferates along with the number of state and federal laws that have been enacted allowing qui tam claims.
20 minute read

Corporate Counsel

Weekend Roundup: New SEC Enforcement Directors, Saving the Environment and More

After a busy news week, here's a look at a few corporate enforcement issues we previously missed.
3 minute read

National Law Journal

CFPB Just Withdrew Investigative Subpoena. That Doesn't Happen Often

The Consumer Financial Protection Bureau this week retreated from an investigation into J.G. Wentworth, a year after suing the financial services firm in Philadelphia federal district court to force the company to disclose thousands of pages of documents.
4 minute read

Daily Business Review

Santander Rescues Popular as Spain Real Estate Loans Sink Lender

In what may prove one of the final acts in Spain's banking crisis, Banco Santander SA stepped in to take over Banco Popular Espanol SA before the bank collapsed under a mountain of bad property loans.
9 minute read

New York Law Journal

Circuit, Quickly but Narrowly, Rejects Novel Insider Trading Theory

The U.S. Court of Appeals for the Second Circuit took little time ruling in favor of defendant Morgan Stanley on Tuesday, in a case that sought to test the circuit's insider trading precedent.
22 minute read

The American Lawyer

Reed Smith Grows Finance Team on Both Coasts

The firm has brought on Venable's Don Andrews as a partner in New York and leader of its new global risk and compliance practice, while also recruiting Morrison & Foerster partners William Veatch and Catherine Hagerty in San Francisco.
4 minute read

Litigation Daily

When Not Even Paul Clement Can Save Your ($10 Billion) Case

Not even the former solicitor general could save a $10 billion fraud suit against Barclays Bank PLC. It was a big victory for Willkie Farr and Gallagher—and a nice illustration of why you don't change horses in mid-stream.
6 minute read

New York Law Journal

Suit Alleging Secret Bank Deal Deemed Untimely

A construction company associated with one of Saudi Arabia's richest men failed to file in a timely manner its $10 billion fraud lawsuit accusing Barclays Bank of arranging an illicit deal with Saudi officials, a Manhattan appeals court ruled Thursday.
16 minute read

Legaltech News

Barriers Remain to Letting US Fintechs Play in the Regulatory 'Sandbox'

Recent developments beg the question: Will the U.S. at any point introduce a regulatory sandbox like those seen in the United Kingdom or Singapore?
16 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

  • The Role of Evolving Support Structures in Optimizing Legal Talent

    Brought to you by BigHand

    Download Now

  • Corporate Monitorship Advisory Services

    Brought to you by HaystackID

    Download Now

  • AI-Powered Deposition and Medical Record Summaries: Low Risk, High Reward

    Brought to you by Parrot

    Download Now

  • Aligning Client Needs with Lawyer Growth and Profitability

    Brought to you by BigHand

    Download Now