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Law.com

Consumer Agency Moves to Ban 'Contract Gotchas'

The Consumer Financial Protection Bureau released a proposal on Thursday to ban arbitration clauses that prevent class actions, taking a much anticipated step toward curbing what the agency called "contract gotchas." Business advocates contend the bureau's proposal would pad the pockets of plaintiffs attorneys but provide little relief to consumers.
4 minute read

Daily Business Review

FIU Law School Adds Banking Compliance Program

Florida International University School of Law is unveiling a one-year juris master's program geared to nonlawyers who want expertise in banking compliance.
8 minute read

Litigation Daily

On Cross, a 'Gotcha' for Skadden Litigator in $2.1B Mortgage Suit

Cross-examinations can be tedious. But every so often, you get one of those “gotcha” moments that makes them fun. That happened this week in a bench trial before U.S. District Judge Kevin Castel in the Southern District of New York.
9 minute read

Delaware Law Weekly

Delaware Asks for Dismissal of $10M Suit Filed in Pa. Over Unclaimed Checks

Delaware's escheator and MoneyGram Payment Systems Inc. have asked a Pennsylvania district court judge to dismiss a lawsuit seeking to recover $10.3 million in unclaimed checks for lack of jurisdiction, arguing that only the U.S. Supreme Court has the authority to hear a case the defendants cast as a controversy between two states.
9 minute read

The American Lawyer

World's First Publicly Traded Law Firm Won't Go Bankrupt

Slater & Gordon, an Australian plaintiffs shop that became the world's first publicly traded law firm in 2007, has reached a $630 million debt refinancing deal with lenders to avert a potential bankruptcy filing Down Under.
5 minute read

International Edition

Sidley Austin Adds Projects Partner in Singapore

David Gartside joins from White & Case and reunites with former colleague Charlie Wilson.
2 minute read

The Legal Intelligencer

Preparing for New Crowdfunding Regulations on the Horizon

On May 16, Regulation Crowdfunding is set to come into effect. Regulation Crowdfunding or Rule 100(a) was adopted in October 2015 and is applicable to crowdfunding offerings conducted in reliance on Section 4(a)(6) of the Securities Act of 1933, as amended. In preparation for the effectiveness of the crowdfunding rules, the U.S. Securities and Exchange Commission (SEC) has issued a bulletin that serves as a guide for companies and investors, whose activities will be covered by Regulation Crowdfunding (the bulletin). This article summarizes the practical terms of the ­crowdfunding rules and the bulletin.
8 minute read

The American Lawyer

Chadbourne Pays $35M in Stanford Ponzi Suit; Proskauer Faces New Class Action

After striking a deal with Chadbourne & Parke, investors are hoping for another chance to pursue claims that Proskauer Rose helped R. Allen Stanford conceal his Ponzi scheme from regulators.
9 minute read

National Law Journal

Movers: A Weekly Roundup of Laterals and Promotions

Lateral moves and new arrivals in this week's column.
4 minute read

Daily Business Review

Even Bank Lawyer Says Pro-Lender Appeals Court Gets It Wrong

The Florida Supreme Court needs to weigh in after the Third District Court of Appeal issued a pro-lender opinion that can only prolong the foreclosure crisis, writes foreclosure defense attorney Bruce Jacobs.
5 minute read

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