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New York Law Journal

Department of Financial Services Consent Order Shows Risk in Adopting Template Data Protection Policies

The NY Department of Financial Services published a consent decree last week where a crypto company was fined $1.2 million for not conducting proper information security risk assessments and using template policies, without customizing them to fit the company. This article discusses this consent decree and the importance of robust risk assessment procedures and tailoring an information security program to an organization's specific needs.
8 minute read

Law.com

'Buy Now, Pay Later' Company Affirm Hit With Shareholder Derivative Suit

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

National Law Journal

Why Regulators Won't Mourn FDIC's Supreme Court Loss

The justices summarily ruled against the agency Monday. Here's why the government's decision to essentially concede defeat in the case may have been a smart move.
5 minute read

New York Law Journal

Fintech Startup Founder Charlie Javice Pleads Not Guilty to Fraud in $175 Million JPMorgan Acquisition Case

Javice appeared by video alongside her attorney Alex Spiro of Quinn Emanuel Urquhart & Sullivan. The four-count indictment charges her with conspiracy to commit bank and wire fraud along with separate charges of bank, wire and securities fraud.
2 minute read

New York Law Journal

Central Park 911 Caller Amy Cooper Meets Tough Reception in 2nd Circuit Appeal

Morgan, Lewis & Bockius partner Bryan Killian, who represents Franklin Templeton, argued that a reasonable audience would consider the context of Franklin Templeton's statements and not assume they were anything but a response to the viral video.
5 minute read

Daily Business Review

In 'Unusual' Case, All Sides Wanted Reversal in Long-Running Florida Litigation

"It's probably one of the longest-running cases in Martin County," appellee attorney Peter W. Wildman said.
5 minute read

New York Law Journal

Deutsche Bank Agrees to $75 Million Settlement to End Epstein Victims' Proposed Class Action

U.S. District Judge Jed Rakoff had dismissed some claims, but allowed the plaintiffs to move ahead with others, including their assertion that the bank knowingly benefited from participating in a sex-trafficking venture.
3 minute read

Daily Business Review

Bankruptcy, Bargain Hunting and Litigation Keep Miami Crypto Lawyers Busy As Industry Hits A Bumpy Patch

"Miami has sort of woken up after a crazy night and said, 'Okay, some of that was a little much,'" said Nima Tahmassebi, a partner at Miami's Perlman, Bajandas, Yevoli & Albright involved in crypto-centered litigation.
6 minute read

New York Law Journal

NY AG Leads Coalition Urging US Supreme Court to Preserve Consumer Finance Watchdog

A coalition of 24 attorneys general led by New York's has filed an amicus brief Tuesday on a major Supreme Court case involving funding for the Consumer Financial Protection Bureau, which was formed in response to the 2008 financial crisis.
3 minute read

New York Law Journal

Wells Fargo Reaches $1B Settlement With Shareholders for Alleged False Statements

The suit accused Wells Fargo and several former executives of making false and misleading statements about the bank's compliance with consent orders imposed by regulators in 2018 in the wake of the bank's fake-accounts scandal.
4 minute read

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