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Corporate Counsel

Fintech Innovation Too Quick for Some Outside Counsel

Some fintech startups are innovating so quickly that it's hard for outside counsel to keep up. Ben Alden, general counsel for personal finance startup Betterment in New York, has hired many firms that he ultimately parted ways with before finding the right outside counsel who understood the company, which offers automated investing, or "robo-advising."
22 minute read

National Law Journal

'Time Flies When You're Having Fun,' CFPB's Cordray Tells Republicans

Republicans on Wednesday seized on their first chance chance to confront CFPB Director Richard Cordray since the November election, stepping up their calls for the director to be fired or to step down willingly—perhaps to pursue his rumored interest in the Ohio governor's race. Cordray's appearance on Capitol Hill was also the first since an appeals court, ruling for the mortgage lender PHH Corp., said the CFPB's single-director scheme is unconstitutionally structured.
13 minute read

Corporate Counsel

SEC Is Saying Goodbye to FCPA Chief Brockmeyer

Kara Brockmeyer, chief of enforcement for the Foreign Corrupt Practices Act and 17-year-veteran at the SEC, is leaving the agency at a time when the new administration is looking at how it might change enforcement of bribery laws.
3 minute read

The Legal Intelligencer

Obermayer Says Ex-Associate Can't Sue Over 'Intangible' Bonus Credits

In response to a former associate's lawsuit over bonuses, Obermayer Rebmann Maxwell & Hippel is countering that its associate bonuses are discretionary, and the credits it uses to calculate bonuses don't amount to "tangible" property.
13 minute read

New York Law Journal

In Arab Bank Case, SCOTUS Likely to Revisit 2013 Ruling

In deciding whether corporations can be held liable for human rights abuses abroad under the Alien Tort Statute in 'Jesner v. Arab Bank,' the U.S. Supreme Court will likely need to take another look at its narrow decision in 'Kiobel v. Royal Dutch Petroleum' and decide whether it's time to expand on it.
11 minute read

Daily Business Review

Cleary Advises on Latin America Deals

In one of the deals, the firm advised two Chilean companies. In the other, it advised the Mexican government.
2 minute read

Corporate Counsel

Wells Fargo Will Appeal $5.4M OSHA Whistleblower Award

Wells Fargo plans to appeal a federal regulator's order to pay a large award to a fired manager at a Los Angeles bank branch and reinstate him. The filing of the complaint with the Occupational Safety and Health Administration was unusual, experts said.
4 minute read

Daily Business Review

How a New Kind of Fraud Puts South Florida Real Estate Owners, Lenders at Risk

A loophole on the Sunbiz website is allowing scammers to steal corporate identities for real estate fraud.
21 minute read

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