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Litigation Daily

Yes, Banks Can Be Too Big to Jail. Get Over It

A massive new congressional report criticizes Eric Holder's Justice Department for failing to prosecute HSBC in 2012 for money laundering. Bernie Sanders could credibly argue DOJ made the wrong call, but a bunch of Republicans in Congress? Really? Still, the report should be required reading for lawyers representing financial services providers before the feds.
18 minute read

Daily Business Review

Jones Day Advises on Acquisition of Gasoline Facility in Mexico

A subsidiary of First Reserve has bought a low-sulfur gasoline facility from the Mexican state-owned petroleum company known as Pemex, and will lease it back. The deal involved $607 million in financing from lenders advised by Jones Day.
16 minute read

Corporate Counsel

U.S. Justice Dept. Defends DOL's Fiduciary Rule

The U.S. Justice Department is urging a Washington federal judge to reject a challenge to a sweeping new rule that requires investment advisors to work in their clients' best interests—a heightened standard aimed at protecting retirement savers from billions of dollars in fees.
12 minute read

National Law Journal

U.S. Justice Dept. Defends DOL's Fiduciary Rule

The U.S. Justice Department is urging a Washington federal judge to reject a challenge to a sweeping new rule that requires investment advisors to work in their clients' best interests—a heightened standard aimed at protecting retirement savers from billions of dollars in fees.
9 minute read

National Law Journal

SEC's First Whistleblower Office Leader Announces Departure as Awards Mount

Sean McKessy, the first leader of the U.S. Securities and Exchange Commission's whistleblower program, is stepping down this month, the agency said Friday. The SEC's whistleblower office, since its creation in 2011 under the Dodd-Frank Act, has doled out more than $85 million to 32 whistleblowers, who can receive between 10 and 30 percent of sanctions that exceed $1 million.
12 minute read

Corporate Counsel

Fintech Boom Leads to In-House Hiring Surge

With the fintech boom showing no signs of slowing down, the Bay Area has seen a surge of hiring in-house lawyers, particularly those who have regulatory and transactional expertise that can help these upstart fintech companies navigate a complex network of state and federal laws.
13 minute read

Daily Business Review

US Supreme Court Asked to Rule on Florida Credit Card Law

Attorney General Pam Bondi is asking the U.S. Supreme Court to take up a dispute about the constitutionality of a Florida law that has blocked businesses from imposing surcharges on customers who pay with credit cards.
7 minute read

The Legal Intelligencer

Bank to Settle RICO Class Action Claims for $37.5M

Zions First National Bank, sued for an allegedly fraudulent telemarketing scheme that resulted in unauthorized charges to bank consumers' accounts, has agreed to settle RICO claims against it for $37.5 million.
6 minute read

Legaltech News

Attorneys and Millennials Make the Same 4 Financial Mistakes

Many successful people cannot dedicate the time required to handle finances well, but these four mistakes are easily avoidable.
9 minute read

New York Law Journal

Diamond Phone Card, Inc. v. USA

Court Rejects Claim IRS Statements Created Property Interest in Forfeited Tax 'Refund'
3 minute read

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