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Daily Business Review

Akerman Attorney Gets $13M Citibank Settlement in Ski Resort Visa Fraud

By | October 20, 2016
Partner Michael Goldberg arranged the settlement with Citibank for money that went from EB-5 investors to the Miami owner of Vermont's Jay Peak ski resort.
2 minute read

National Law Journal

Warren Questions 'Proper Accountability' at Wells Fargo

Senator Elizabeth Warren told Wells Fargo's board of directors on Thursday that John Stumpf's resignation is not enough to assure "proper accountability" at the bank, and raises questions about Stumpf's departing compensation and whether the bank's new chief executive was involved in the fake accounts scandal.
8 minute read

National Law Journal

These Four Practices Flourished During the Obama Years

With the end of the Obama administration nearing, some lawyers who worked in the administration are climbing to success in a growing bevy of private-practice areas. We look at four practices—from tech sophisticates, to financial regulation experts, to fraud specialists, to third-party settlement appointees—that have gained steam during Barack Obama's presidency.
46 minute read

Corporate Counsel

SEC Whistleblower, Rejecting Award, Cites Revolving Door for Lax Enforcement

Former Deutsche Bank risk officer Eric Ben-Artzi grabbed headlines this year when he said he was rejecting a multimillion-dollar SEC whistleblower award. In refusing any compensation, Ben-Artzi put a spotlight on the revolving door at the agency: "So why did the SEC not go after Deutsche's executives? The most obvious concern is that Deutsche's top lawyers 'revolved' in and out of the SEC before, during and after the illegal activity at the bank," he said. Last week, U.S. Sen. Elizabeth Warren, D-Massachusetts, long a critic of SEC Chair Mary Jo White's leadership, raised new concerns in a letter to President Obama.
18 minute read

International Edition

Linklaters Looks to Boost US Capital Markets Practice in Asia

Linklaters has relocated London partner Patrick Sheil to Hong Kong to boost its U.S. capital markets offering in Asia.
11 minute read

New York Law Journal

Libyan Fund's $1B Lawsuit Against Goldman Is Rejected

By | October 14, 2016
Britain's High Court on Friday rejected a $1 billion lawsuit against Goldman Sachs by Libya's sovereign wealth fund, which accused the investment bank of duping it into risky deals.
5 minute read

Corporate Counsel

5 Takeaways From the Wells Fargo Scandal

The resignation under fire of Wells Fargo's CEO John Stumpf after a CFPB consent order, other regulatory actions and public opprobrium yields lessons for counsel and CEO everywhere.
13 minute read

New York Law Journal

Little-Discussed Aspect of CFPB Ruling Could Be Boon to Lawyers

Lawyers who advise banks, mortgage lenders and other industries regulated by the Consumer Financial Protection Bureau were hit by a blizzard of calls and inquiries this week by clients who are feeling more confident in challenging the agency after a court ruling limited its authority and rejected its statutory interpretations.
18 minute read

Daily Report Online

FDIC Seeks to Recoup $17M in Bank Collapse Trial

A civil trial opened involving some of metro Atlanta's most prominent and successful businessmen as the FDIC pursuses compensation for losses the agency assumed when the Buckhead Community Bank collapsed in 2009.
8 minute read

Litigation Daily

Yes, the CFPB is Unconstitutional--But Its DC Circuit 'Loss' is Actually a Win

In some ways, the U.S. Court of Appeals for the D.C. Circuit handed the Consumer Financial Protection Bureau a win on Tuesday when it found the agency's structure was unconstitutional. Look past the red meat rhetoric about 'massive unchecked power' and focus on the remedy.
12 minute read

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