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National Law Journal

4th Circuit Revives Consumer Protection TILA Lawsuit Against PNC Bank

"We hold that TILA's offset provision, which prevents creditors from dipping into consumers' deposit accounts in order to offset outstanding payments on their credit card plans, applies to HELOCs," Judge Roger L. Gregory wrote in the majority opinion for the Fourth Circuit, reversing the district court's judgment on that claim.
3 minute read

The Legal Intelligencer

Stradley Ronon Bolsters Investment Management Practice With Vanguard Hire

Former Vanguard associate general counsel Brian Murphy most recently headed the investment giant's enterprise growth legal team.
4 minute read

The American Lawyer

Law Firms Could Post 'One of the Strongest Years We See'

Citi's Global Wealth at Work Law Firm Group found the industry continued its momentum from the first quarter.
4 minute read

Corporate Counsel

SEC Fines Carl Icahn $2M, Signaling Scrutiny of Margin Loan Disclosures

The agency says the longtime activist investor failed to disclose that he and his company pledged billions of dollars in stock as collateral on margin loans.
2 minute read

Corporate Counsel

KPMG Vice Chair Is Latest Winner in Game of GC Musical Chairs

The domino effects of Michelle Brody's retirement as IBM legal chief continue to unfold, leaving KPMG as the latest firm with a vacancy to fill.
2 minute read

The Recorder

Nasdaq Sues Singaporean Company for Reselling Its Financial Feeds

Nasdaq's complaint accuses an unnamed company of misappropriating the financial services company's data and undermining its business by selling the stock feeds at a discount
3 minute read

Corporate Counsel

Financial Firms Hit With Another $470M in 'Off-Channel' Communications Fines

The 3-year-old crackdown now has yielded more than $3 billion in penalties, and regulators show no signs of letting up.
2 minute read

Corporate Counsel

More CEOs May Unleash Buyout Offers, Creating Hornet's Nest of Challenges for Boards

23andMe set up an independent board committee and hired legal and financial advisers to work with it after CEO Anne Wojcicki offered to take the company private.
6 minute read

Corporate Counsel

Microsoft-Backed Startup Hires Blockchain Guru as First Legal Chief

"Being part of a team that's pushing the boundaries of decentralized tech, and shaping the legal strategies that support this innovation, is incredibly rewarding."
2 minute read

Corporate Counsel

Ex-Binance General Counsel Takes Legal Reins of Rival Crypto Exchange

Hon Ng departed Binance a year ago, amid news reports that executives were unhappy with how the CEO was handling a Department of Justice money-laundering investigation. It later settled with the DOJ for $4 billion.
2 minute read

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