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New York Law Journal

Financial Services Industry Group Update: $30M Fine Issued to NY Bank for Misuse of Confidential Information: What Happened?

The New York Department of Financial Services imposed a $30 million penalty on the New York branch of a foreign bank. The fine had nothing to do with employment discrimination or wage-and-hour issues—but it was the outcome of an internal transfer of a single New York-based employee to an overseas affiliate, and is a lesson in how financial services clients are at risk of penalties going far beyond those that are normally imposed by employment law regulators.
6 minute read

The Recorder

Scooter Renter Claims Lime's Auto-Renewal Charge Violates California, Federal Law

This suit was surfaced by Law.com Radar, ALM's source for immediate alerting on just filed cases in state and federal courts. Law.com Radar now offers state court coverage nationwide. Sign up today and be first to know about new suits in your region, practice area or client sector.
2 minute read

Daily Report Online

Federal Judge Enters Default Judgment in Favor of Law Firm, Hospital Scammed Out of $100K

Grady and Kaplan filed a complaint on Dec. 11 in the district court, claiming Smith Design Studios and its co-conspirators used spoofed emails to execute their scheme to divert Grady Memorial Hospital Corp.'s funds intended for the Kaplan firm, all while avoiding detection.
3 minute read

New York Law Journal

Pryor Cashman Takes on Case of Husband Allegedly Stealing Thousands as Power of Attorney

This complaint was first surfaced by Law.com Radar.
3 minute read

Law.com

Va. Lawmakers Strengthen Banking Safeguards to Protect Seniors From Financial Exploitation

The bill specifies that no financial institution staff member who receives the training will be liable in any civil or administrative proceeding for disclosing the suspected financial exploitation of an elderly or vulnerable adult if disclosure was made in good faith and with reasonable care.
5 minute read

New York Law Journal

The CFPB Limits Intra-Agency Appeal Rights

The CFPB adopted a new intra-agency appeals process on Feb. 22, 2024. While the CFPB described its new rules as resulting from its review of revisions that other regulators have made to their intra-agency appeals processes over the past decade, the rules are most noteworthy for how they deny rights that other regulators of financial institutions provide.
7 minute read

Litigation Daily

Trick or Treat? How an Office Halloween Party Convo Led to a Quinn Associate's Appellate Argument

Alex Loomis, a seventh-year associate in Boston, landed a precedential First Circuit decision on personal jurisdiction issues in a case he first heard about from partner Bill Weinreb at an office Halloween party.
5 minute read

National Law Journal

Democratic, GOP Senators Urge US Regulators to Block Capital One-Discover Merger

Sens. Elizabeth Warren and Josh Hawley, though on opposite sides ideologically, found something on which they agree.
4 minute read

Daily Business Review

Bank Activity Fuels South Florida's Economic Growth

So far, 2024 is shaping up to present clearer skies for banks, specifically community banks in South Florida as domestic migration and corporate relocations to the area continue. The U.S. Census Bureau ranked Florida as number two in population growth from 2022 to 2023.
3 minute read

Corporate Counsel

New Corporate-Transparency Laws to Require 'Mountain of Filings'

Startups will need to avoid stumbles because "you want to be putting yourself out there as a good, sophisticated and responsible founder," Fenwick & West partner Jonathan Sagot said.
7 minute read

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